AlexGR
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January 15, 2018, 08:57:13 AM |
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AlexGR, you don't seem to understand the fact that paper money, especially fiats issued as debt, always implode and then people enter the vaults to square up the existing debts and claims vs a new peg. You either balance the existing debts and claims vs a new peg, or anyone that bought a $500,000 house and paid with a NINJA loan and still owes $499,999 gets a free house.
If you think about it, it's similar to buying some silver, reselling it a bit later and getting a free house Without balancing the existing debts and claims vs metals as the new peg, and thus vastly inflating the price of the metals, you would also have complete disintegration of most nations into some type of 500 BC lawless plunder and shooting because there is no consensus on who owns what, etc etc. It doesn't matter if you think some people will make too much money by holding metals or whatever, it will happen because it's the only possible thing that can happen.
They have an alternate scenario for debt... they'll say the current system is problematic and needs a "reset". During this "reset", a large portion of the debt will get erased, as long as citizens and countries accept a new global monetary system... the new monetary system will be a totally electronic one (centralized) so that everyone gets under a system of total surveillance and control, where cash doesn't even exist. If you did as much as getting a parking ticket, or if they have a suspicion of you doing something weird, they'll be able to just turn off your unique id that allows you to make txs, as a punishment. You won't even be able to buy food if you don't comply to any government authority. That's the way individuals will lose their freedom. And countries will lose their own by surrendering their right to print money to a centralized global "issuer" that "promises" to be "responsible" with the monetary policy - which in turn will require tight fiscal policies from all the countries that "owe" (a fraction of their old debt - which will still be unserviceable). And all these policies will also "require" control on alternate payment means (PMs, crypto, etc) so as to ensure the chances of survival for the new system. The problem of a full-blown electronic system (mainstream) is that it creates a gatekeeper for money flowing into and out of PMs (and crypto). We are seeing "hints" of this when credit cards, paypal, banks etc etc, prevent money flowing in or out of crypto. Now this could go to a situation of total control or even legal penalization if one attempts it under the new global electronic currency. The numbers I stated were only a 20-40x for silver. You seem to make believe that's an illogical and huge amount when people just bought bitcoins for $1 each and then resold them for a +20,000x a few years later. The only difference is, it's a hell of a lot safer going all-in on silver than btc.
No I don't think it's illogical, actually (real-)inflation adjusted for the 50$ price in the 80's, a similar peak today should be at least 300$. And that doesn't even require settlements through PMs - just a similar spike under "normal" conditions. I just don't think it's likely without some anomaly.
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Last of the V8s
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Be a bank
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January 15, 2018, 09:12:37 AM |
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Urgent patch required this is not a drill. Multiple vulnerabilities have been found in global financial, social and governance systems. Many exploits already found in the wild. Loss of sovereignty abounds, soi-disant nation states have been noticed, some claiming to have 'their own' money. 'Democracy' and other socialist tendencies are rife amongst the poor. Download here: http://thebitcoin.foundation/trb-howto.html
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realr0ach
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January 15, 2018, 09:19:15 AM Last edit: January 15, 2018, 09:43:11 AM by realr0ach |
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They have an alternate scenario for debt... they'll say the current system is problematic and needs a "reset". During this "reset", a large portion of the debt will get erased, as long as citizens and countries accept a new global monetary system... the new monetary system will be a totally electronic one (centralized) so that everyone gets under a system of total surveillance and control, where cash doesn't even exist.
That scheme already failed and is obviously NOT going to happen. China and Russia refused to go along with it. You do know after Bretton Woods they had international agreements that individual countries cannot go into the gold market and just buy it up in bulk or monetize metals, yet that's exactly what Russia and China have been doing. Why do you think Russia is demonized? After 2008, the Russians and Chinese took off sprinting away from Bretton Woods and gave them the middle finger. They are not buying up all those metals for no reason. Why do you think Russia is currently showing off pictures of their gold and silver vault this week? Why do you think Mnuchin recently held up a gold bar claiming Ft Knox has gold in it (when it really doesn't or much less than claimed). Why do you think Trump constantly makes references to Andrew Jackson? Why do you think Trump's twitter says not once, but NUMEROUS times: The Wolfowitz doctrine was a total failure (which is good) and you now live in a multi-polar world. Some of the evil Jewish banker sect of the US govt insists on trying to continue with their global, cashless society slave system, but it would require a nuclear war to pull off with everyone on the planet dying in the process. You can take it to the bank 100% metals are going to be revalued so that current debts can be transferred to a new system. Debt forgiveness is far more problematic to pull off and even less wanted by the banking powers, and can also lead to collapse of civilization in the process. Metals revaluation is the most safe way to keep civilization functioning without risking instantly going into a new dark ages when the debt bubble collapses.
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orpington
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January 15, 2018, 09:20:58 AM |
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They have an alternate scenario for debt... they'll say the current system is problematic and needs a "reset". During this "reset", a large portion of the debt will get erased, as long as citizens and countries accept a new global monetary system... the new monetary system will be a totally electronic one (centralized) so that everyone gets under a system of total surveillance and control, where cash doesn't even exist.
That scheme already failed and is obviously NOT going to happen. China and Russia refused to go along with it. You do know after Bretton Woods they had international agreements that individual countries cannot go into the gold market and just buy it up in bulk or monetize metals, yet that's exactly what Russia and China have been doing. Why do you think Russia is demonized? After 2008, the Russians and Chinese took off sprinting away from Bretton Woods and gave them the middle finger. They are not buying up all those metals for no reason. Why do you think Trump constantly makes references to Andrew Jackson? Why do you think Trump's twitter says not once, but NUMEROUS times: The Wolfowitz doctrine was a total failure (which is good) and you now live in a multi-polar world. Who is Exter and why did he build a pyramid?
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Last of the V8s
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January 15, 2018, 09:41:54 AM |
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Simon Dixon Retweeted BnkToTheFuture @BankToTheFuture 2h2 hours ago Make sure you have your fully verified account ready to participate. Pre-Sale starts Tuesday 16th 3PM GMT http://bnktothefuture.com/bf-token@BitfuryGeorge 14h14 hours ago How we will be helping: - Launch of Emercoin Fund to attract even more developers & coders - Building a Vibrant Community - Marketing and Communications - Providing additional security by merge-mining on Bitcoin - Listing on Global Exchanges - Global Projects & Partnerships 2 more slippery cunts revealing their scammy designs on your bitcoin.
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realr0ach
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January 15, 2018, 09:47:50 AM |
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2 more slippery cunts revealing their scammy designs on your bitcoin.
Since when is anything bitcoin related NOT a scam.
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TERA2
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Deb Rah Von Doom
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January 15, 2018, 10:22:41 AM |
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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January 15, 2018, 10:27:11 AM |
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Is that the sign of the Iluminati on top?
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Last of the V8s
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January 15, 2018, 10:44:39 AM |
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flashbit
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January 15, 2018, 10:50:33 AM |
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and they say buy gold, so fun
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STT
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January 15, 2018, 10:54:13 AM Last edit: January 15, 2018, 11:08:44 AM by STT |
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Who is Exter and why did he build a pyramid?
This is going to blow your mind but Exter was on the board of the Federal reserve . Before the gold standard fell and the system fell into the dark side the ironic thing was that the Federal reserve underlined how solid value under pins more speculative ventures. Not that there is anything wrong with risk, various debt, bonds and the whole spectrum of variable quality papers of value being exchanged. The Exters triangle just outlines how the most stretched unclear values ultimately rely on far more boring things as gold. Thats why its clear gold and bitcoin are not interchangable. Bitcoin could be great, might keep on growing but its transactional not a fixed asset and clearly its value is highly changeable. Its foolish to keep all value in 1 asset type, gold is inert and not massively useful but it does function as money for thousands of years now. I dont disagree with silver or even copper and many other alternatives but they all tend to be more industrial which comes back to flucuation of supply and demand and variable value. Gold on the other hand doesnt ever change and roughly is supplied in line with population growth, its far more steady in value then most. Something like 1% is rational allocation, if people cant hold that much they are either not especially wealthy which is fine and normal even or they are not rational in risk avoidance. Gambling is a common past time but not the good gamblers cash out profits at day end
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El duderino_
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BTC + Crossfit, living life.
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January 15, 2018, 11:40:41 AM |
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Breaking 24777$ prediction game FINAL LIST 27/12/2017 bikerleszno 29/12/2018 cAPSLOCK 30/12/2017 digithusiast 31/12/2017 Raja_MBZ 01/01/2018 elg 02/01/2018 wachtwoord 03/01/2018 JimboToronto 04/01/2018 d_eddie 05/01/2018 BTCMILLIONAIRE 06/01/2018 HanvanBitcoin 07/01/2018 ghandi 08/01/2018 savetherainforrest 09/01/2018 explorer 10/01/2018 bicoinpsycho 11/01/2018 Bitcoinaire 12/01/2018 speedwheel 13/01/2018 undeadbitcoiner 14/01/2018 northypole 15/01/2018 ivomm 16/01/2018 maca068 17/01/2018 bitcoinvest 18/01/2018 last of the v8s 19/01/2018 mfort312 20/01/2018 1982dre 21/01/2018 flamast2 22/01/2018 RealMachasm 23/01/2018 willope 24/01/2018 kartala 25/01/2018 orpington 26/01/2018 rolling 27/01/2018 LFC_bitcoin 28/01/2018 jojo69 29/01/2018 CristiTCM 30/01/2018 rayX12 31/01/2018 realsteelboy 01/02/2018 twocorn 02/02/2018 mancroofer 03/02/2018 True Myth 04/02/2018 poolminor 05/02/2018 itod 06/02/2018 scheptan 07/02/2018 vapourminer 08/02/2018 alexeft 09/02/2018 siera 10/02/2018 AlcoHoDL 11/02/2018 Dunkelheit667 12/02/2018 yonton 13/02/2018 Wekkel 14/02/2018 Thekool1s 15/02/2018 starmman 16/02/2018 Globb0 17/02/2018 leveldkrypto 18/02/2018 olesh 19/02/2018 BitCoinBurger 20/02/2018 Paashaas 21/02/2018 flynn 22/02/2018 icygreen 23/02/2018 erisdiscordia 24/02/2018 phil_s 25/02/2018 sirazimuth 26/02/2018 Arriemoller 27/02/2018 yonton 28/02/2018 Muttley 01/03/2018 bones261 02/03/2018 heater 03/03/2018 soullyG 04/03/2018 InvoKing 05/03/2018 Notme 06/03/2018 sa_94 07/03/2018 NUFCrichard 08/03/2018 Imbatman 09/03/2018 Roombot 10/03/2018 STT 11/03/2018 badream 13/03/2018 erre 14/03/2018 julian071 15/03/2018 podyx 17/03/2018 fragout 18/03/2018 fabiorem 21/03/2018 dakustaking76 23/03/2018 nikauforest 31/03/2018 vroom 01/04/2018 somac. 02/04/2018 kurious 04/04/2018 fluidjax 05/04/2018 bitcoinbunny 08/04/2018 tyler1890 10/04/2018 ludwigvon 11/04/2018 hairymaclairy 16/04/2018 practicaldreamer 18/04/2018 free-bit.co.in 27/04/2018 drbrockoin 01/05/2018 sprinkles 02/06/2018 oblox 07/07/2018 IntroVert 03/08/2018 toxic2040 28/08/2018 bitserve 15/10/2018 Yefi 05/11/2018 mikenz 31/12/2018 melman2002 01/01/2019 Spaceman_Spiff_Original 12/02/2019 FractalUniverse 21/04/2019 gentlemand 20/02/2020 romneymoney 18/12/2021 luckygenough56 UPDATE AND GOOD LUCK
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TERA2
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January 15, 2018, 11:46:50 AM |
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I cant bury bitcoins under a pyramid for tens of thousands of years til my immortal soul reincarnates as pharoah. There wont even be a bitcoin. I need gold for my pyramid scheme.
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realr0ach
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January 15, 2018, 11:57:32 AM |
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Something like 1% is rational allocation
1% has never been a rational allocation to metals. The standard was 10% in the past, but most money managers are raising that to 30% lately because it's an obvious inverse bubble and asymmetric trade, along with all govts and monetary systems being disasters. If you believe the debt bubble implosion is imminent, then you would obviously go much higher. The whole purpose of random boomercucks hedging to metals is so that if your paper assets blow up, the metals act as insurance to make you whole again. Depending on post-revaluation GSR, you would probably need something like 5% of your net worth in silver, or 10% of your net worth in gold. If GSR returned to old historical levels, then you might be able to get away with as little as 3% of net worth in silver. I'd rather do better than break even myself and instead make money on shorting the jews and govt by buying large amounts of metals.
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mike4001
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January 15, 2018, 11:58:35 AM |
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I cant bury bitcoins under a pyramid for tens of thousands of years til my immortal soul reincarnates as pharoah. There wont even be a bitcoin. I need gold for my pyramid scheme.
Well ... you could engrave your private keys in some kind of cryptosteel and burry it. Gold only has value because people want it. You could say the same for BTC in 1000 years
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bitcoinPsycho
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January 15, 2018, 12:08:29 PM |
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time to go back to $14000
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realr0ach
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January 15, 2018, 12:32:05 PM Last edit: January 15, 2018, 12:45:29 PM by realr0ach |
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Gold only has value because people want it.
People claim that but it's not really true, it's because the class of metals known as noble metals are some of the few substances that fulfill the checklist of requirements needed of money like durability, portability, scarcity, fungibility, divisibility, etc. Or to put it differently, gold does not react with oxygen or water, and the planet is covered in both, so it's one of the keys to the durability checkmark. Silver also does not react with oxygen or water, but it will tarnish from random hydrogen sulfide it runs into in the air. This means for human purposes, gold is more inert and money is supposed to be as boring and unchanging as possible. However, the overall durability and inertness of gold, silver, and platinum is mostly negligible when compared to one another, and especially against all other competing non-noble metal substances. Gold has the benefit of being more inert for human purposes in this ecosystem, but it's also softer than silver, so would actually be less durable in that regard, giving pros and cons to both with gold not actually being a clear all-around winner. The purpose of the durability is to transfer generational wealth from one person to another, acting as an actual decentralized blockchain without an exposed power vacuum to be taken over and turned into a permissioned ledger monopoly, unlike bitcoin. Yes, it's true, metals are the real blockchain and bitcoin is a poor Rube Goldberg imitation with huge overhead, built-in middlemen, and non-removal of counter party risk. As can be seen by comparing the aging of Roman coins, both metals fulfill the role of "durable" and inert enough with the various differences being mostly a wash as talked about above. These pictures are of a blockchain that's billions of years old. How old is your shitty blockchain?
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bitcoinPsycho
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January 15, 2018, 12:38:46 PM |
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time to go back to $14000
Fuck gold . if I bought gold instead of bitcoin I would be poor
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bitcoinPsycho
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January 15, 2018, 12:39:24 PM |
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buy sand
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flynn
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January 15, 2018, 12:46:35 PM |
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I have a 14K green hardon ...
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