Martin Armstrong Discussion

[CornCube]

Cryptocurrency either centralizes into complete control faster and more so than anything else, or you just have endless chain forks like bitcoin cash, bitcoin gold, etc. […]  All roads lead to subsidizing your own enslavement.  And this is why I prefer metals.

The endless forking means it can’t be entirely centralized. The fungible value will always be sucked into the center (i.e. Zionists who control the reserve currency Bitcoin), but remember my (AnonyMint’s) seminal essay is that knowledge production can’t be extracted with fungible finance. I keep repeating this and it keeps flying right over your head. You may never grok it.

Fungible money and the fixed capital investment industrial age is dying.

If you don't want to live in an unwinnable casino gulag, metals wins again because shorting to cost of production just gives you a free money buying opportunity.

Only for metals which sit in your basement and are entirely useless. As soon as you need to actually spend them as money, then you will always be right back in the Zionists’ fungible money system.



SUBJECT: Absolute best whole wheat cracker I ever tasted

The Hi-fiber wheat ones have no sugar added and very thick with many crevices inside. Simply awesome with tuna:

https://i.imgur.com/idQNvkN.jpg

http://archive.is/https://www.lazada.com.ph/jacob39s-low-sodium-hi-fibre-cracker-750g-45037620.html

http://www.unitedbiscuits.com/our-brands/jacobs/

https://en.wikipedia.org/wiki/Jacob%27s

[realr0ach]

Cryptocurrency either centralizes into complete control faster and more so than anything else, or you just have endless chain forks like bitcoin cash, bitcoin gold, etc. […]  All roads lead to subsidizing your own enslavement.  And this is why I prefer metals.

The endless forking means it can’t be entirely centralized.

It doesn't mean it can't be centralized, it means it's either sentenced to die from diffusion or it becomes centralized by default.  This is why metals are better, you can't make a new gold or silver in your basement then log on bitcointalk and say "I JUST INVENTED ANONYMINT GOLD, BUY THIS SHIT FROM ME STUPID GOYIM", while a million other people do the exact same thing.  Instead of incentive for consensus, there is incentive to diverge from a single chain, an inverse Schelling point if you will.  There is no financial incentive to diverge in metals because the number of noble metals is finite and can't just be invented ad infinitum.

Even if there was no incentive to create new chains in a get rich quick scheme by printing or cornering the supply yourself and saying "my chain is 1% better than the others, buy it", the inverse Schelling point in crypto would still remain because scaling is terrible due to the so called triple entry accounting (but it's not exactly triple entry accounting if it becomes entirely centralized now is it?).  Since scaling is terrible, fees are non-trivial and usurious, so people would bunny hop from one to another infinitely to prevent having usury levied upon them, which is why many people are sending transactions with things like Litecoin right now.

The only way consensus would be achieved in crypto is by force, the pointing a gun at you and saying you're required to use so and so chain, otherwise everything dies from diffusion (which is a good thing since the noble metals are better in all aspects anyway).  That is unless bitcoin forever remains some type of small, niche, regulatory arbitrage product for a few people to buy drugs on an internet site.  In that case, the internet site itself is forcing consensus by saying they will only accept so and so cryptocurrency.  Unless all 1st world govts collapse to shambles, regulatory arbitrage in this manner will be crushed for cryptocurrency if they maintain anything resembling current power levels, though.  Instead of the internet drug site forcing consensus on a cryptocurrency, it will be the govt.

SUBJECT: Absolute best whole wheat cracker I ever tasted

Eating granola that looks like this.  I'm guessing it tastes better and has more nutritional benefits than women's diet crackers.

http://images.media-allrecipes.com/userphotos/560x315/639760.jpg

Also went and greatly expanded upon the god vs entropy problem:

https://steemit.com/science/@r0achtheunsavory/the-r0ach-report-25-computer-science-proves-the-existence-of-a-variable-known-as-god-but-not-what-god-actually-is

[realr0ach]

Also just noticed the Alexa rating of Steemit.com is.....#2,085...is this rigged?  That's fucking yuge.

http://www.alexa.com/siteinfo/steemit.com

Looks like we underestimated how big Steemit could get while having a dysfunctional economic model.  But how does this factor into the price of native tokens?  I mean, Steemit.com could become the #1 Alexa site on earth but since you're not required to buy coins to read it or post on it, it would have 0 effect on the coin's market cap heh.  They could put up advertising and require advertisers to buy and pay in Steem tokens, but that's obviously not decentralized (not that anyone running Steemit cares).

[CornCube]

Cryptocurrency either centralizes into complete control faster and more so than anything else, or you just have endless chain forks like bitcoin cash, bitcoin gold, etc. […]  All roads lead to subsidizing your own enslavement.  And this is why I prefer metals.

The endless forking means it can’t be entirely centralized.

It doesn't mean it can't be centralized, it means it's either sentenced to die from diffusion or it becomes centralized by default.

You still can’t grok that the losses due to the debasement of fungible money that fixate your entire brain, apparently conserves no brain cells for comprehending it has nothing to do with the knowledge age.

You can’t seem to grok that there are knowledge age effects going on all the time within all that diffusion you detest. Because all you’re focused on is an industrial age model of stored capital being king.

This is why metals are better

Not a damn thing productive I can do with gold. Nothing. Zilch.

No knowledge creation is fostered by me having some gold in my basement.

The only way consensus would be achieved in crypto is by force, the pointing a gun at you and saying you're required to use so and so chain, otherwise everything dies from diffusion (which is a good thing since the noble metals are better in all aspects anyway).

Hahaha. Continue to bet your stored, fungible capital on that outcome and you’re going to have a million times less relatively speaking than those who are in crypto.

You’re already 10X behind since you sold crypto for gold back at $600.

Are you going to go for sloppy seconds and thirds on your mistake  

Note I do think gold will bottom $1000ish, and it could make a run while the next crypto winter is ongoing. So for a short time, gold might be outperforming, but over the next 10 years the crypto investors will see 100X more gains than the gold investors.

That is unless bitcoin forever remains some type of small, niche, regulatory arbitrage product for a few people to buy drugs on an internet site.

Transaction scaling on Bitcoin, has nothing to do with the continued growth of Bitcoin.

SUBJECT: Absolute best whole wheat cracker I ever tasted

Eating granola that looks like this.  I'm guessing it tastes better and has more nutritional benefits than women's diet crackers.

Unprocessed grain contains toxins that are difficult for the digestive system (the grain has natural pesticides).

Also most granola has a lot sugar, honey, or fructose, which is very bad. Insulin spikes destroy the body.

I’ve tried a lot of granolas and also a lot of different breads and crackers. If I say something is awesome, then it is. But my taste and preferences would not appeal to most people who don’t have the discipline to eat healthy. Yet normally the filipinas hate healthy foods, but they seem to like that unsweetened cracker.

Also went and greatly expanded upon the god vs entropy problem:

https://steemit.com/science/@r0achtheunsavory/the-r0ach-report-25-computer-science-proves-the-existence-of-a-variable-known-as-god-but-not-what-god-actually-is

You‘re kinda on the right track:

As for the universe having deterministic or non-deterministic properties, some will try and claim, no, it's not possible for the universe to be deterministic for so and so reason. In reality, it's not actually possible to know without residing on the top plane of the hierachy itself.

But neither bounded nor absolute hierarchies exist in a relativistic universe. Stop trying to model it in terms of 3D or concepts that apply to our perspective of the universe. Move to a dimensionless interpretation as I alluded to in my prior post.

What you really mean is that in order to know the answer we would have to be the omniscient entity that is the God we contemplate.

[CornCube]

Also just noticed the Alexa rating of Steemit.com is.....#2,085...is this rigged?  That's fucking yuge.

http://www.alexa.com/siteinfo/steemit.com

Medium is 10X more popular. Reddit is 200X more. But Steem is gaining on them faster.

The bounce rate, pageviews, and time on site (aka stickiness) of Steemit is better than Medium but worse than Reddit.

Looks like we underestimated how big Steemit could get while having a dysfunctional economic model.

I suspect most users do not realize its a scam:

I created account with them in last month, however making money from them was hard and now I am realizing from this thread they are scams. I also got suspected why they pay huge cash for such crappy posts on steemit and this thread made me everything to get understand.

It’s not surprising to me that a site where people can do something they do anyway, but have the chance of earning something, is growing. Medium actually sucks in many ways.

Additionally it’s associated with Bitcoin and blockchains, so this is a new phenomenon sweeping the world right now and (eventually) everybody will prefer to be a on blockchain version of every site, including “Facechain”.

Also the growth will tend to increase when the Steem price is higher, because blogging rewards will be higher.

But how does this factor into the price of native tokens?  […] but since you're not required to buy coins to read it or post on it, it would have 0 effect on the coin's market cap heh.  They could put up advertising and require advertisers to buy and pay in Steem tokens, but that's obviously not decentralized (not that anyone running Steemit cares).

You need STEEM to power it up and vote for your sock puppets and other ways of extracting the debasement of the system to yourself at a proportionally favorable rate compared to those with less STEEM.

A system which is extracting value and not generating value, eventually fails when the rate of influx of new participants slows. I doubt that will happen too soon unless some project effectively does everything better and siphons off the interest in Steem.

[CornCube]

A more detailed log-scale chart also points to the same conclusion that the peak before any 27 month crypto winter would be at least $40k – $50k, with a possibility for $100+k:

https://www.tradingview.com/chart/BTCUSD/BzKoYDVE-BTC-Let-the-shorting-Begin/

That chart also alerts me to another possibility, which is a several months correction from the current level or $40k – $50k level, and then the final blowoff peak at $40k – $50k or  $100+k respectively. IOW, the start of the long crypto winter could be delayed into 2019 or 2020.

In any case, I think it is best to HODL now. I doubt the current level is the start of a 27 month crypto winter.

P.S. given the potential gain for BTC from the current level is ~3X (or maybe 5X at an extreme to $100+k), the altcoins are likely to moon soon and gain on BTC, because most of them have 10+ X gains potential before the next crypto winter.

[realr0ach]

This is why no matter how much meaningless shilling Anonymint does for cryptocurrency, the game is already over and metals won.

The r0ach report 26: Why it's 100% inevitable metals defeat bitcoin no matter how many shills try to pump cryptocurrency

http://steemit.com/money/@r0achtheunsavory/the-r0ach-report-26-why-it-s-100-inevitable-metals-defeat-bitcoin-no-matter-how-many-shills-try-to-pump-cryptocurrency

[realr0ach]

Another day of converting worthless bitcoin into physical silver:



Thanks jew bankers for manipulating bitcoin as high as possible to distract the goyim from metals while suppressing the price of metals to cost of production.

[OROBTC]

...

Just received my latest order of Au, Pt and another Pd Eagle (15,000 minted, and not all of them are MS70).  So, I hear ya Mr. Roach.

HODLing both PMs and BTC is smart.

But, it's never a bad idea to hold on to a reasonable chunk of crypto if you have already gotten your investment back.  Or are already ahead.

Crypto is, in one or many forms, here to stay.

[Risk Mgmt]

Here - this crypt is backed by oil

http://fortune.com/2017/12/04/cryptocurrency-new-venezuela-economy/

[OROBTC]

Here - this crypt is backed by oil

http://fortune.com/2017/12/04/cryptocurrency-new-venezuela-economy/

Risk Mgmt

I would suggest that you not put one single dollar (euro, etc.) in any "crypto" product coming out of Venezuela.

Maduro is a thief and thug. 

Besides, neither Bitcoin, Litecoin, Ethereum, Monero, etc., etc. are "backed" by anything.  Anybody who wants exposure to oil price should consider oil futures or buying stock in oil companies.

JMO...

[realr0ach]

They need to just rename this whole sector "pump and dump scam":

Since this market is nothing but one giant scam with centralized mining, a centralized technocracy controlling coin parameters and development, and centralized collusion controlling where the price goes among a handful of corporate entites like Pantera Capital, the fact that all alts turned green means BTC dump imminent because they now want to try and sell you overpriced altcoins instead of overpriced btc.

They may have been wrong before, but not from what I recall, so these Wall Street style, douchebag "coin hedge funds" massive shift from BTC to alts in one giant wave is probably a valid indicator of what's going on.  These markets are entirely nothing but pump and dumps and nothing else.  They just try and run up one vapor worthless asset as high as they can, then as soon as they have successfully created a bubble there and it starts to falter, they then move on to the next place to try and create an artifical bubble somewhere else.  

Since each cryptocurrency is entirely as worthless as the next one with no valid valuation metrics possible because they're imaginary 0's and 1's, they believe they can just shift back and forth from one to another infinitely to extract money from people.  Most retail "investors" usually exit the market and never come back after either gaining or losing big, meaning if someone buys bitcoin for $1 and sells for $1000, they're never going to purchase a $17,000 bitcoin.  So this whole thing is one unsustainable trainwreck scam.

[realr0ach]

For all the bible thumpers in this thread, I present to you clear and undeniable logic as to why bitcoin (and other imaginary monetary instruments like fiat) are immoral scams:

Raoul posted the full story today, an absolutely must read for all... .

https://www.theautomaticearth.com/2017/12/bitcoin-doesnt-exist-the-full-story/

Didn't read it all yet, but the quote and it's conclusions "So money at its most austere is simply a promise" was kind of bullshit.  The real crux of the situation is that money is an imaginary or social construct humans use to try and gain leverage over one another, and so the further you abstract human trade away from barter, the bigger an immoral scam you have created.  THIS is why only physical commodity currencies can be money, whether it's gold, silver, oil, wheat, or what have you.  Anything that does not have some type of roots in the real world is a flat out scam because you're inherently trying to con other humans into accepting something of no value for a real world good of value.

[criptix]

For all the bible thumpers in this thread, I present to you clear and undeniable logic as to why bitcoin (and other imaginary monetary instruments like fiat) are immoral scams:

Raoul posted the full story today, an absolutely must read for all... .

https://www.theautomaticearth.com/2017/12/bitcoin-doesnt-exist-the-full-story/

Didn't read it all yet, but the quote and it's conclusions "So money at its most austere is simply a promise" was kind of bullshit.  The real crux of the situation is that money is an imaginary or social construct humans use to try and gain leverage over one another, and so the further you abstract human trade away from barter, the bigger an immoral scam you have created.  THIS is why only physical commodity currencies can be money, whether it's gold, silver, oil, wheat, or what have you.  Anything that does not have some type of roots in the real world is a flat out scam because you're inherently trying to con other humans into accepting something of no value for a real world good of value.

you are not dumb roach stop living in the 15th century zzzzz

[realr0ach]

For all the bible thumpers in this thread, I present to you clear and undeniable logic as to why bitcoin (and other imaginary monetary instruments like fiat) are immoral scams:

Raoul posted the full story today, an absolutely must read for all... .

https://www.theautomaticearth.com/2017/12/bitcoin-doesnt-exist-the-full-story/

Didn't read it all yet, but the quote and it's conclusions "So money at its most austere is simply a promise" was kind of bullshit.  The real crux of the situation is that money is an imaginary or social construct humans use to try and gain leverage over one another, and so the further you abstract human trade away from barter, the bigger an immoral scam you have created.  THIS is why only physical commodity currencies can be money, whether it's gold, silver, oil, wheat, or what have you.  Anything that does not have some type of roots in the real world is a flat out scam because you're inherently trying to con other humans into accepting something of no value for a real world good of value.

you are not dumb roach stop living in the 15th century zzzzz

Just because a system can become widespread doesn't mean it's not an immoral scam.  This is why people like the Amish have checked out of society, because it's too hard to work around all the consumerism, fiat scams, etc.  Yea, you can argue the Amish have gone a little too far in the opposite direction, but that's besides the point.

[OROBTC]

...

Armstrong has written for sometime on the greed of .gov to tax & steal.  Europe now is planning on cracking down carrying cash:

https://www.armstrongeconomics.com/international-news/europes-current-economy/eu-to-restrict-movement-of-cash/

Spoiler: they will not count Bitcoin & cryptos, they are not prepared to look for it.

[sidhujag]

For all the bible thumpers in this thread, I present to you clear and undeniable logic as to why bitcoin (and other imaginary monetary instruments like fiat) are immoral scams:

Raoul posted the full story today, an absolutely must read for all... .

https://www.theautomaticearth.com/2017/12/bitcoin-doesnt-exist-the-full-story/

Didn't read it all yet, but the quote and it's conclusions "So money at its most austere is simply a promise" was kind of bullshit.  The real crux of the situation is that money is an imaginary or social construct humans use to try and gain leverage over one another, and so the further you abstract human trade away from barter, the bigger an immoral scam you have created.  THIS is why only physical commodity currencies can be money, whether it's gold, silver, oil, wheat, or what have you.  Anything that does not have some type of roots in the real world is a flat out scam because you're inherently trying to con other humans into accepting something of no value for a real world good of value.

you are not dumb roach stop living in the 15th century zzzzz

Just because a system can become widespread doesn't mean it's not an immoral scam.  This is why people like the Amish have checked out of society, because it's too hard to work around all the consumerism, fiat scams, etc.  Yea, you can argue the Amish have gone a little too far in the opposite direction, but that's besides the point.

If its a scam or not is irrelevant we all believe in it thus we are here and we have been rewarded through the speculation bubble. Same as dot com. You didnt see it then and you dont see it now. You simply missed the bus and everybody laughing at you. The big money wouldnt pump money into worthless there has to be someone buying into it believing it works because if it didnt we wouldnt be here talking about log charts. Ive clearly explained where your thinking is wrong and its going to get you into trouble and it has. No you have a choice. You can join in through an alt that is promising or you can sulk in metals for another decade waiting for next malthusian event. Knowing you are married to your investments and your dollar cost averaging on the way down i guess the biggest question is why are you here? Why not goto where the rest of you generation x ppl go to talk.about your shiny gold is and other gata related conspiracies?  Both annony and I have pretty succintly told you where your train of thought has failed you from making money. Your beliefs and reality of a situation are not correlated. In the end your equity goes up or down. You dont die with ur gold in your casket. You make money to enjoy experiences and make memories to cherish. You have given up on the very solid foundation of human aspiration to instead fixate yourself on fundamental flaws that make you believe world is wrong and you are right. Thats noob investor 101 stuff man snap out of it.

[realr0ach]

Lol Sidhujag can you stop trying to shill your non-fungible, non-store of value currencies (aka not money) in this thread and get back to trying to trick children into buying some Syscoin on the street corners of Calcutta.

[sidhujag]

Lol Sidhujag can you stop trying to shill your non-fungible, non-store of value currencies (aka not money) in this thread and get back to trying to trick children into buying some Syscoin on the street corners of Calcutta.

Crypto has moe uoa sov gold has uoa only and fiat has uoa and moe. Gold does not compete as money. World sees crypto as paradaigm shift in money. Get that? Everything else is fluff, its about perception and confidence. Until that changes with another paradaigm shift, crypto remains on top. Check out ideal money. No offense but maybe your iq is not high enough to understand and Im a coder so I hate explaining like your 5.

Btw calcutta is a great move thanks. Banking the unbanked! We are beating stripe before they get there. With Syscoin you will be able to get yourself an identity for free (unbanked and moneyless) and then sell shit on decentralized marketplace and get banked. Perhaps then stand up a proposal and then be funded by the blockchain to do work that the project needs.

[realr0ach]

Lol Sidhujag can you stop trying to shill your non-fungible, non-store of value currencies (aka not money) in this thread and get back to trying to trick children into buying some Syscoin on the street corners of Calcutta.

Crypto has moe uoa sov gold has uoa only and fiat has uoa and moe. Gold does not compete as money. World sees crypto as paradaigm shift in money. Get that? Everything else is fluff, its about perception and confidence. Until that changes with another paradaigm shift, crypto remains on top. Check out ideal money. No offense but maybe your iq is not high enough to understand and Im a coder so I hate explaining like your 5.

Btw calcutta is a great move thanks. Banking the unbanked! We are beating stripe before they get there. With Syscoin you will be able to get yourself an identity for free (unbanked and moneyless) and then sell shit on decentralized marketplace and get banked. Perhaps then stand up a proposal and then be funded by the blockchain to do work that the project needs.

God, another dumb and false Sidhujag post.  I started with MEL then Python while also getting into C.  Now you're going to claim Python isn't a programming language because it's not low level enough, or it's not lisp or something stupid.  But please don't let me stop you from going back to your previous lies like saying India has the best schools in the world.  They're so good that the 3d industry tried outsourcing to India and it failed miserably more than any outsourcing experiment in history.  And please keep repeating the lie that bitcoin is a store of value when it's a currency and not even money in the first place. 

You require severe delusion to believe some imaginary tokens that are flash mined in the span of a couple years will then decide who rules the world from there to eternity.  The only way that paradigm could be true is if it was a carefully orchestrated govt scam in the first place, but you seem to disagree that it is.