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681  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 18, 2014, 05:37:02 PM
looks good:

https://www.reddit.com/r/Bitcoin/comments/2pp4fk/key_points_of_bitlicense_announcement_by_ben/
682  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 18, 2014, 03:30:30 AM
i agree with the above and is what i meant.  blockchain.info not affected but certainly Circle and CB affected.
683  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 18, 2014, 03:20:05 AM
NY will go right down the middle.

users, merchants, software devs, online wallets, and miners not affected.  exchanges and money transmitters heavily regulated as originally outlined.
684  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 18, 2014, 12:52:52 AM
There is a growing body of evidence that bigger government means slower growth of real GDP. Once the level of total government spending as a percentage of GDP reaches a tipping point, estimated to be from 15 percent to 25 percent of GDP, additional expansion crowds out private productive investment and slows economic growth. When government overreaches, economic freedom is diminished and private exchange opportunities are lost — that is, the range of choices open to individuals is restricted.

http://www.cato.org/publications/commentary/increasing-economic-growth-means-shrinking-size-scope-government?utm_content=buffereb64d&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

this is what i mean by "Black Hole Shit" and it's not lookin good:

685  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 17, 2014, 10:29:36 PM
Ripple is basically a patch for the legacy banking system, improving upon payment networks such as ACH and SWIFT.  This may be viable for a while but the entire legacy banking system needs to be completely replaced IMO.
They have a few centuries head start and are pretty well entrenched.  It is a longshot.

But just maybe the force is with us.

Exactly why I say it need not be decentralized to serve its intended and most useful purpose. In fact the collapse of decentralization might be a blessing for them. They can stop the wasted effort of trying to be bitcoin and focus on being an add on to banking.


i hope you're right.  good riddance to them.  and stop pretending that they can decentralize a debt lending system.
686  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 17, 2014, 08:35:38 PM
Ripple is basically a patch for the legacy banking system, improving upon payment networks such as ACH and SWIFT.  This may be viable for a while but the entire legacy banking system needs to be completely replaced IMO.
They have a few centuries head start and are pretty well entrenched.  It is a longshot.

But just maybe the force is with us.

i'm actually looking forward to the XboxOne even tho its for my high schooler and his friends.  do they even make Star Wars games for it?
687  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 17, 2014, 09:27:44 AM
yeah, Ripple and Stellar.  what the heck is that?  esp after Stellar contracted down to one node?

Don't forget that centralized systems are still thousands of times bigger than bitcoin. So there is a big market potentially even if the whole thing runs entirely on one node.

Yeah but the rally started on or near the time of the stellar fork and retrenchment to one node which should have been a huge indictment against their entire concept of consensus.
688  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 17, 2014, 09:18:37 AM
i find it very suspicious that Bitcoin popped up organically in 2009, right after the crisis.

Suspicious how? Satoshi's rhetoric (right down to the genesis block quote) was clearly directed right at the heart of the crisis. Whether that was really a motivation for the project or opportunistic marketing is unclear though.


suspicious in the sense of "fate".  or, as in, perfect timing. 

suspicious as in "a cash payment is a suspicious transaction"?


The project had been in the works for a long time...the design and plans were complete at least 4 years previous, but not any code then.  So my overwhelming emotion is one of gratitude rather than suspicion.

Yes absolutely. I  only said that figuratively. More as an indictment of what might be starting in the real capital markets.
689  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 17, 2014, 05:07:52 AM
“We couldn’t imagine what’s happening in our worst nightmare even a year ago,” Shvetsov, who oversees financial markets at the central bank, said yesterday.

http://mobile.bloomberg.com/news/2014-12-16/russia-crisis-hits-pimco-fund-wipes-out-options-as-ruble-sinks.html

I've been warning  about this shit for months now right here.  The charts have been forecasting this. Get yourselves to safety.

"He said the surprise interest-rate increase in the middle of the night, a 6.5 percentage-point move that failed to stem the run on the ruble yesterday"

This proves that central banks cannot control the value of a currency.  Eventually the USD should have the same fate.

they certainly do seem to be able to bully it around for certain time periods; often longer than we can imagine.  but you're right, every once in a while they do lose control and things get ugly.  i find it very suspicious that Bitcoin popped up organically in 2009, right after the crisis.  it sure seems like it is poised to radically change the game.

Those bully tactics won't work if the majority of their populace decide that a better alternative exists.  The more and more central banks intervene, the more and more the fiat ledger gets distorted.  Eventually you lose track of who owes who and it becomes nearly impossible to value assets, which seems to near where we are today.  Of course this could be another head fake... or it could be the collapse we have all been looking for.

yeah, this one looks highly suspicious to me.  we never fixed anything in 2008, only made it worse with multiple QE's and more debt.

Greek debt is imploding along with the already imploded Argentinian & Cyprus debt.  the one that really makes this one suspicious is the currency failures we're seeing in Russia, Argentina, Venezuela, and Brazil.  we're getting down to the basic units of finance that are failing. 

on top of that, the failure of gold and silver to hold up over the last few years continues and imo is leading everything down.  i can't think of no better timing for a Black Swan like Bitcoin to have landed on the scene.

It definitely looks primed.  Hash rate 50x higher than a year ago.  Tx rates at all time high.  Huge bull flag generated for over a year.  Third largest company in the world now accepts bitcoin.  Eight thousand locations in argentina now exchange pesos for bitcoin.  The last mini rally (ending nov 11) coincided with the highest total weekly exchange volume ever in bitcoin history (over 6 million coins traded vs just over 3 million at the previous record in nov 2013!).  And world fiat currencies may be on the brink of collapse.  The stage is set.  

The only caveat is ripple has showed surprising strength lately. Shocked

yeah, Ripple and Stellar.  what the heck is that?  esp after Stellar contracted down to one node?
690  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 17, 2014, 04:21:09 AM
obligations the must continue to be paid no matter the current environment.
This is false. The only question is where is the breaking point (and how close to it we are), not whether there is one.

"Trends that can't continue, won't"


... too much of a good thing will never be good for you.

tell that to the 0.1%
691  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 17, 2014, 04:01:40 AM
“We couldn’t imagine what’s happening in our worst nightmare even a year ago,” Shvetsov, who oversees financial markets at the central bank, said yesterday.

http://mobile.bloomberg.com/news/2014-12-16/russia-crisis-hits-pimco-fund-wipes-out-options-as-ruble-sinks.html

I've been warning  about this shit for months now right here.  The charts have been forecasting this. Get yourselves to safety.

"He said the surprise interest-rate increase in the middle of the night, a 6.5 percentage-point move that failed to stem the run on the ruble yesterday"

This proves that central banks cannot control the value of a currency.  Eventually the USD should have the same fate.

they certainly do seem to be able to bully it around for certain time periods; often longer than we can imagine.  but you're right, every once in a while they do lose control and things get ugly.  i find it very suspicious that Bitcoin popped up organically in 2009, right after the crisis.  it sure seems like it is poised to radically change the game.

Those bully tactics won't work if the majority of their populace decide that a better alternative exists.  The more and more central banks intervene, the more and more the fiat ledger gets distorted.  Eventually you lose track of who owes who and it becomes nearly impossible to value assets, which seems to near where we are today.  Of course this could be another head fake... or it could be the collapse we have all been looking for.

yeah, this one looks highly suspicious to me.  we never fixed anything in 2008, only made it worse with multiple QE's and more debt.

Greek debt is imploding along with the already imploded Argentinian & Cyprus debt.  the one that really makes this one suspicious is the currency failures we're seeing in Russia, Argentina, Venezuela, and Brazil.  we're getting down to the basic units of finance that are failing. 

on top of that, the failure of gold and silver to hold up over the last few years continues and imo is leading everything down.  i can't think of no better timing for a Black Swan like Bitcoin to have landed on the scene.
692  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 17, 2014, 03:18:28 AM
i find it very suspicious that Bitcoin popped up organically in 2009, right after the crisis.

Suspicious how? Satoshi's rhetoric (right down to the genesis block quote) was clearly directed right at the heart of the crisis. Whether that was really a motivation for the project or opportunistic marketing is unclear though.


suspicious in the sense of "fate".  or, as in, perfect timing. 
693  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 17, 2014, 03:12:23 AM
“We couldn’t imagine what’s happening in our worst nightmare even a year ago,” Shvetsov, who oversees financial markets at the central bank, said yesterday.

http://mobile.bloomberg.com/news/2014-12-16/russia-crisis-hits-pimco-fund-wipes-out-options-as-ruble-sinks.html

I've been warning  about this shit for months now right here.  The charts have been forecasting this. Get yourselves to safety.

"He said the surprise interest-rate increase in the middle of the night, a 6.5 percentage-point move that failed to stem the run on the ruble yesterday"

This proves that central banks cannot control the value of a currency.  Eventually the USD should have the same fate.

they certainly do seem to be able to bully it around for certain time periods; often longer than we can imagine.  but you're right, every once in a while they do lose control and things get ugly.  i find it very suspicious that Bitcoin popped up organically in 2009, right after the crisis.  it sure seems like it is poised to radically change the game.
694  Economy / Speculation / Re: Short Squeeze after majority became bears on: December 17, 2014, 01:18:13 AM
WE ARE BUYING


me too!
695  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 17, 2014, 12:50:57 AM
this is encouraging from Google and Yahoo:

http://googleonlinesecurity.blogspot.co.uk/2014/12/an-update-to-end-to-end.html
696  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 17, 2014, 12:23:51 AM
“We couldn’t imagine what’s happening in our worst nightmare even a year ago,” Shvetsov, who oversees financial markets at the central bank, said yesterday.

http://mobile.bloomberg.com/news/2014-12-16/russia-crisis-hits-pimco-fund-wipes-out-options-as-ruble-sinks.html

I've been warning  about this shit for months now right here.  The charts have been forecasting this. Get yourselves to safety.
697  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 16, 2014, 10:50:28 PM
Currency Dangers

While unwilling to draw up a blacklist for now, he says exchange rates reveal emerging-market dangers. Russia’s ruble, Brazil’s real, Mexico’s peso, Turkey’s lira, the South African rand and Indonesian rupiah have all hit the skids.


http://www.bloomberg.com/news/2014-12-16/this-hedge-fund-manager-who-remembers-1998-says-prepare-for-pain.html
698  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 16, 2014, 10:37:33 PM
http://www.bloomberg.com/video/microsoft-partners-with-bitpay-to-accept-bitcoin-payments-Co2fBb3_REu6ZYOYzLfo5A.html
699  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 16, 2014, 10:05:45 PM
right now, they're fleeing to USD out of habit and ignorance.
Is there any actual fleeing into the USD going on right now, or are we seeing the debt repayment-induced deflation, that had been previously masked by QE?

there's been several articles the past few days indicating fleeing.
700  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 16, 2014, 09:30:05 PM
who's the next Fed idiot to come out and whisper, "QE".

have to say this: QE is much better than this 80% lost bitscam scheme

nah.  your dollars are devaluing everyday.

nah, not so much as your yearly 80% lost bitcorns

i can tell you're a newb.

most of us in this thread bought well before 2012.  sorry dude.
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