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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 507702 times)
MoonShadow
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October 18, 2013, 11:28:14 PM
 #401

Before investors will jump onto Bitcoin, we can't have these giant spikes like we are having right now, there has to be a steady increase.

Huh

Giant spikes compared to what?  It's been fairly stable for the past several months.  Based soley on bitcoin's short history, a several months long smooth trading trend portends a sudden and dramatic price movement is due.  So far, the price movements up have generally stuck, while the price movements down have generally been temporary.  That is, after all, the only way a price goes from half a penny in 2010 to $140 in 2013.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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MoonShadow
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October 18, 2013, 11:33:19 PM
 #402

Hopefully there will not be too many armies and burning nations!  I don't really enjoy that sort of thing.

Yeah, that's usually not good for anyone but the arms dealers & funeral homes.  But then, the history of fiat currencies says they have an average life expectancy of about 100 years and that there is a 100% mortality rate by 200 years.  The US federal reserve note is approaching 100 years old, so it's going to happen somehow.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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October 18, 2013, 11:36:29 PM
 #403

Wow blast from the past. Classic thread Smiley

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October 19, 2013, 01:10:11 AM
 #404

Hopefully there will not be too many armies and burning nations!  I don't really enjoy that sort of thing.

Yeah, that's usually not good for anyone but the arms dealers & funeral homes.  But then, the history of fiat currencies says they have an average life expectancy of about 100 years and that there is a 100% mortality rate by 200 years.  The US federal reserve note is approaching 100 years old, so it's going to happen somehow.

If you look at the history we are very close to the U.S. dollar losing 99% of its value.  A shave and a haircut 2 bits.  That is 25 cents.  25c = $25. At least we are not the Russian Ruble that has lost 10 to the -14 of its value. 
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October 19, 2013, 06:37:43 AM
 #405

Wow blast from the past. Classic thread Smiley

It almost makes you miss the OP (Atlas) doesn't it? I wonder if he's managed to successfully commit suicide in Texas yet? I know his last attempt failed.

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October 19, 2013, 06:39:01 AM
 #406

Wow blast from the past. Classic thread Smiley

It almost makes you miss the OP (Atlas) doesn't it? I wonder if he's managed to successfully commit suicide in Texas yet? I know his last attempt failed.

At least he has a cameo in the first (?) Bitcoin song: "Bitcoin rap" Smiley

But yeah, you're right.

JakeGold
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October 19, 2013, 06:47:29 AM
 #407

It still amazes me how many people make fun of me for being involved in crypto. Some of these people are programmers, too! What that tells me is that bitcoin is an incredibly good idea, and their humor at the situation validates it for me. If nobody thought it was crazy, how could it be life-changing (e.g. the new class of wealthy elite)?

It's a shame really. I know some really smart and respectable people who brushed bitcoin off as a flash in the pan. And even if they're right, I'm disappointed that so many of them are so short sighted, given how brilliant some of their thoughts and ideas are.

It's even harder do watch as everyone I care for has their savings and earnings devalued from right in front of them, and there's nothing I can do. They don't get it, they don't want to hear it, and I feel like I'm the one taking crazy pills.

I hope I'm wrong. It would make life so much better for everyone.

"But greed is the only snake that cannot be charmed"
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October 19, 2013, 06:50:46 AM
 #408

Mathew is here.

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October 19, 2013, 07:23:37 AM
 #409

Wow blast from the past. Classic thread Smiley

It almost makes you miss the OP (Atlas) doesn't it? I wonder if he's managed to successfully commit suicide in Texas yet? I know his last attempt failed.

No, I do not miss Atlas. He was too emotional while pretending (attempting?) to ignore emotion.

I miss his horse headed buddy even less.

I hope both of them are alive and well though.

I'd imagine neither of them managed to hold on to enough bitcoins to become the "new wealthy elite". I would be shocked (but pleased) to be presented with evidence proving otherwise.

CBH, how did your silk road event daytrading work out? If you made out, I salute your giant brass balls.

lol - I'm sure both of them are still hanging around here somewhere. I don't really miss Atlas and his phony nihilist drama bullshit but Matt was a fun troll to watch. I actually do miss him.

I bought back in with everything I had at 89-91 feeling like there would be a run up and have doubled my btc holdings over the past two weeks. This has been a very good month.  Wink

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October 19, 2013, 08:08:30 AM
 #410

I bought back in with everything I had at 89-91 feeling like there would be a run up and have doubled my btc holdings over the past two weeks. This has been a very good month.  Wink

Brass? No... Balls of Steel. I wish I could do exactly that. I knew immediately that the Silk Road news would cause a huge (temporary) drop, but I still don't trust a single entity with any of my coins.

Congrats man. You've invested plenty of time into this community. You deserve it.

Thanks! I've lost so much playing with every new service and snake oil salesman that comes along that I feel like I deserve a break too. I was like you for a while. I felt like I could never trust anyone to hold my coins for even a minute but you can't make any positive gains doing that. I was caught by the BTCe hack and got back all my coin. That kind of reset my trust a little. I quit mining after I stopped being able to make at least 10 coins a day with my bank of 5990s. I won't join the ASIC race so that really only leaves me with one way to increase my stash.

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October 19, 2013, 08:13:33 AM
 #411

I won't join the ASIC race so that really only leaves me with one way to increase my stash.

JD?

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October 19, 2013, 08:24:26 AM
 #412

I won't join the ASIC race so that really only leaves me with one way to increase my stash.

JD?

but just because of JD? we are not able to become wealthy because its very risky work and I already lost too much instead of becoming rich I am going more poor

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October 19, 2013, 02:34:22 PM
 #413

I won't join the ASIC race so that really only leaves me with one way to increase my stash.

JD?

What I meant by that is not buying something that has only one purpose. I'm still using some of my video cards and made presents of some of them to family members. ASICs are useless for anything other than mining. I wouldn't buy a used car for 5k if it could only go to the grocery store and back even though that's a useful purpose.

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October 19, 2013, 03:16:16 PM
 #414

It still amazes me how many people make fun of me for being involved in crypto. Some of these people are programmers, too! What that tells me is that bitcoin is an incredibly good idea, and their humor at the situation validates it for me. If nobody thought it was crazy, how could it be life-changing (e.g. the new class of wealthy elite)?

It's a shame really. I know some really smart and respectable people who brushed bitcoin off as a flash in the pan. And even if they're right, I'm disappointed that so many of them are so short sighted, given how brilliant some of their thoughts and ideas are.

It's even harder do watch as everyone I care for has their savings and earnings devalued from right in front of them, and there's nothing I can do. They don't get it, they don't want to hear it, and I feel like I'm the one taking crazy pills.

I hope I'm wrong. It would make life so much better for everyone.

comment of the year. i also hope beyond hope that i am the crazy one and the normies are the sane ones. vindication is not worth that price.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited? Is there any process, procedure or ritual through which an immoral action can be legitimately transformed into a moral one with out changing the character of the action itself?
notme
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October 19, 2013, 04:14:53 PM
 #415

perhaps the curse has lifted?

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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elux
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October 19, 2013, 04:34:30 PM
 #416

perhaps the curse has lifted?

BRB: Shopping for top hat and monocle.
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October 19, 2013, 04:38:35 PM
 #417

perhaps the curse has lifted?

BRB: Shopping for top hat and monocle.
Lohoris
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October 19, 2013, 04:44:09 PM
 #418

It still amazes me how many people make fun of me for being involved in crypto. Some of these people are programmers, too! What that tells me is that bitcoin is an incredibly good idea, and their humor at the situation validates it for me. If nobody thought it was crazy, how could it be life-changing (e.g. the new class of wealthy elite)?

It's a shame really. I know some really smart and respectable people who brushed bitcoin off as a flash in the pan. And even if they're right, I'm disappointed that so many of them are so short sighted, given how brilliant some of their thoughts and ideas are.

It's even harder do watch as everyone I care for has their savings and earnings devalued from right in front of them, and there's nothing I can do. They don't get it, they don't want to hear it, and I feel like I'm the one taking crazy pills.

I hope I'm wrong. It would make life so much better for everyone.
I hope we're right, and people who didn't want to be saved won't be saved.

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DefaultTrust is very BAD.
JakeGold
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October 19, 2013, 11:20:12 PM
 #419

I hope we're right, and people who didn't want to be saved won't be saved.

People just want to live their lives. They're making plans to buy their first house, get married, take a vacation etc etc, they don't want to mire themselves in all this doom and gloom financial meltdown business. And I don't blame them, it's depressing, so they distract themselves with shopping trips, video games and TV shows.

It's not that they don't want to be saved, they're in denial about the state of the system they've been born into and depend on.

"But greed is the only snake that cannot be charmed"
wachtwoord
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October 19, 2013, 11:28:11 PM
 #420

I hope we're right, and people who didn't want to be saved won't be saved.

People just want to live their lives. They're making plans to buy their first house, get married, take a vacation etc etc, they don't want to mire themselves in all this doom and gloom financial meltdown business. And I don't blame them, it's depressing, so they distract themselves with shopping trips, video games and TV shows.

It's not that they don't want to be saved, they're in denial about the state of the system they've been born into and depend on.

And this denial created opportunity for the rest of us Smiley

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