Geist
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May 10, 2013, 04:30:19 PM |
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Munger has ALWAYS annoyed me. Ffs
He even admitted he doesn't know what the hell he's talking about. XD |
Looks like this is my...
(•_•) | ( •_•)>⌐■-■ | (⌐■_■)
...signature. YEAAAAAAAAAHHHHHH!!!
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cypherdoc
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May 10, 2013, 04:56:44 PM |
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The question is not, will there be a financial collapse, it's when will it happen. Nobody knows: this is not a normal economic situation; it is unprecedented. It could continue like this for a decade or more, or the shit could hit the fan tomorrow. IMO, the key to the bitcoin investment story is context, something which is not mentioned in this interview.
This is a very important observation. During times like these there are two choices offered: repression or regeneration. When the Continental collapsed there was the American Revolution and regeneration with gold and silver only as legal tender. On the other side of the Atlantic, John Law got gold and silver outlawed as mediums of exchange punishable by death; repression. The natural backlash was the Reign of Terror with the guillotining of tens of thousands of French aristocracy. During the 1920's in Germany the Mark collapsed in hyperinflation which set the stage for supreme repression with Hitler. But in 1694 Isaac Newton was Master of the Mint and invented the gold standard; regeneration. History is being played out and it seems that the US, China, Bafin and most other regulators are choosing the path of regeneration instead of repression (only the Canadians it seems). It will be interesting to see how this plays out. the US is following regeneration? you saw Chilton, right? and Gates' warning? it remains to be seen... stay vigilant. |
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meowmeowbrowncow
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May 10, 2013, 05:06:41 PM |
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I'll just leave this here...  |
"Bitcoin has been an amazing ride, but the most fascinating part to me is the seemingly universal tendency of libertarians to immediately become authoritarians the very moment they are given any measure of power to silence the dissent of others." - The Bible
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jubalix
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May 10, 2013, 06:04:31 PM |
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i think Bill was playing nice to the gov knowing full well the implications....just did not want to say
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Anon136
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May 10, 2013, 06:12:26 PM |
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so if bill gates went into bitcoins in a big way he could, with his fortune alone, drive the price to 10,000 per coin.  |
Rep Thread: https://bitcointalk.org/index.php?topic=381041If 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? |
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wobber
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May 10, 2013, 06:14:49 PM |
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so if bill gates went into bitcoins in a big way he could, with his fortune alone, drive the price to 10,000 per coin. He would have to sell everything he has to do so. Rich people might own lots of land, businesses, condos but... liquidity is the secret. |
If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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Anon136
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May 10, 2013, 06:16:25 PM |
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Bill Gates will convert 50% of his wealth into bitcoins soon. What price should we expect?
~5,000 dollars per coin |
Rep Thread: https://bitcointalk.org/index.php?topic=381041If 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? |
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Anon136
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May 10, 2013, 06:16:57 PM |
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so if bill gates went into bitcoins in a big way he could, with his fortune alone, drive the price to 10,000 per coin. He would have to sell everything he has to do so. Rich people might own lots of land, businesses, condos but... liquidity is the secret. still, i think you get my point |
Rep Thread: https://bitcointalk.org/index.php?topic=381041If 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? |
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DoomDumas
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Bitcoin
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May 13, 2013, 12:21:12 PM |
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Interesting quote,"I think Bitcoin is Rat Poison".
I agree. The banks are the Rats.
+1 This is it.. Like this short intro about BTC in this program, with those guys sitting there ! |
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Adrian-x
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May 15, 2013, 06:02:26 PM |
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...
History is being played out and it seems that the US, China, Bafin and most other regulators are choosing the path of regeneration instead of repression (only the Canadians it seems). It will be interesting to see how this plays out.
It looks like Canada is allowing for economic regeneration, so long as you register as a money transmitter as is the case with www.cavirtex.com. Looking at the latest actions of the US regulators it seems to be leaning towards repression. |
Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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molecular
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May 15, 2013, 06:26:27 PM |
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Interesting quote,"I think Bitcoin is Rat Poison".
I agree. The banks are the Rats.
+1 This is it.. Like this short intro about BTC in this program, with those guys sitting there ! On second read I understand what you say. Good idea. Maybe first in the video introduce bankers rat-like behaviour ("have you ever felt like you'd been robbed of your purchasing power?") and depict them as rats (image of rat with tie or something), then THE QUOTE: "I think bitcoin is Rat Poison" |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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Richy_T
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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May 16, 2013, 04:55:29 PM |
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Ah, rat poison... Warfarin is used to prevent heart attacks, strokes, and blood clots in veins and arteries. Sounds like just what the doctor ordered. |
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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LiteCoinGuy
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In Satoshi I Trust
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September 09, 2013, 11:58:06 AM |
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is the Munger guy dead  ?! looks like... |
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monkeybars
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September 10, 2013, 10:34:01 AM |
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Bill Gates will convert 50% of his wealth into bitcoins soon. What price should we expect?
$3125 (injecting that amount of $$ into the Bitcoin market would result in this price) |
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RationalSpeculator
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This bull will try to shake you off. Hold tight!
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September 10, 2013, 01:12:18 PM |
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Bill Gates will convert 50% of his wealth into bitcoins soon. What price should we expect?
$3125 (injecting that amount of $$ into the Bitcoin market would result in this price) How do you calculate that number? So Bill Gates his wealth is 50 billion, 25 billion injection and then? |
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Jhantor
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September 10, 2013, 01:33:52 PM |
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Bill Gates will convert 50% of his wealth into bitcoins soon. What price should we expect?
$3125 (injecting that amount of $$ into the Bitcoin market would result in this price) Right now, someone with about $10 million could push the price above $1000 on Mtgox. |
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MoreFun
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WePower.red
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September 10, 2013, 01:54:11 PM |
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Bill Gates will convert 50% of his wealth into bitcoins soon. What price should we expect?
$3125 (injecting that amount of $$ into the Bitcoin market would result in this price) Right now, someone with about $10 million could push the price above $1000 on Mtgox. Yea right - someone in other thread just calculated with $8M we went up $40 or so. And your math is from Mars? |
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FNG
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September 10, 2013, 01:58:33 PM |
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Bill Gates will convert 50% of his wealth into bitcoins soon. What price should we expect?
$3125 (injecting that amount of $$ into the Bitcoin market would result in this price) Right now, someone with about $10 million could push the price above $1000 on Mtgox. Yea right - someone in other thread just calculated with $8M we went up $40 or so. And your math is from Mars?  |
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MoreFun
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WePower.red
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September 10, 2013, 02:48:12 PM |
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Bill Gates will convert 50% of his wealth into bitcoins soon. What price should we expect?
$3125 (injecting that amount of $$ into the Bitcoin market would result in this price) Right now, someone with about $10 million could push the price above $1000 on Mtgox. Yea right - someone in other thread just calculated with $8M we went up $40 or so. And your math is from Mars? Read the post above mine first. Reality is smth different. |
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balanghai
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September 10, 2013, 02:52:00 PM |
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Maybe he's mining all the windows computers around the world! Yes!  |
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