Zarathustra
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August 01, 2014, 08:37:30 AM |
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What we see with government debt as in Argentina, is that after a default, the market "forgives" a county, and start lending again. Then we have the same thing going.
Analysis: Government debt is a pyramid scheme, ...
Civilization (governed human beings) is a pyramid scheme. |
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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HeliKopterBen
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August 01, 2014, 09:01:53 AM |
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Arghh... The LA Times is quoting Mark Williams in an article on the Coinabul mess: http://www.latimes.com/business/technology/la-bitcoin-defrauding-20140729-story.htmlHow they can present that guy as a valid opinion for anything bitcoin related is beyond me. Don't know why it annoys me so much, but it does. The author is Riley Snyder. I think people should point out to him what a terrible source Williams is. His twitter handle is: @RileySynder . CCing @latimes probably wouldn't hurt either. And he can be emailed here: Riley.snyder@latimes.comWhy blame bitcoin? Is gold not just as much at fault if this is a bitcoin to gold service. Users can prove payment in bitcoin. They can't do that with gold. It seems to me that gold would be more at fault... that is of course if you want to blame the tool and not the site operator. |
Counterfeit: made in imitation of something else with intent to deceive: merriam-webster
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cypherdoc (OP)
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August 01, 2014, 09:59:09 AM |
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Excuse me for interrupting but,
Rally time!
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kehtolo
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August 01, 2014, 10:07:21 AM |
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Excuse me for interrupting but,
Rally time!
Ah no.. you jinxed it!! |
The next 24 hours are critical!
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cypherdoc (OP)
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August 01, 2014, 10:17:28 AM |
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Excuse me for interrupting but,
Rally time!
Ah no.. you jinxed it!!  |
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kehtolo
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August 01, 2014, 10:27:16 AM |
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There was when I went to school..  I was obviously said in jest.. I'm almost 37.. and it's almost 30 years since I've earnestly accused someone of jinxing something. Anyway.. just refueling the rocket! |
The next 24 hours are critical!
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cypherdoc (OP)
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August 01, 2014, 03:49:48 PM |
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so today's follow-on from yesterday's bullish engulfing daily candle tells us a few important things:
1. we've likely had a major reversal in trend from an intermediate term bottom at 555.9
2. this is the first, and possibly the 2nd time in Bitcoin's history where we might be able to claim that it is a safe haven from traditional financial turmoil, as in Cyprus, and yesterday's -317.06 stock mkt crash.
3. despite today's gold bounce, the fact that yesterday they were inversely correlated during the stock mkt crash, tells me at least, that this inverse correlation will continue. i consider gold's bounce today a dead cat bounce.
4. there's more to come to the downside in traditional mkts-we've likely hit the extended 4yr cycle top in the Dow
5. for the last 5yr, the primary dealers have laid all their toxic debt off on their sovereigns; the next crisis is likely to happen in sovereign debt. we came close with Greece and Cyprus. but now Argentina looks to be the straw that breaks the camel's back.
6. look the hell out.
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molecular
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August 01, 2014, 03:56:03 PM |
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6. look the hell out.
what was it? "the flight to safety"? "the run on bitcoin"? |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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cypherdoc (OP)
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August 01, 2014, 04:00:14 PM |
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1. silver trying to hold on --> leads gold.
2. hint: SLW negative.
3. during the last crisis, both the USD and UST strengthened. it's likely we won't be so lucky this time and may only get one of those sought as a safe haven. take your pick which one but the point is it represents degradation if we get only one.
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cypherdoc (OP)
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August 01, 2014, 04:01:03 PM |
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6. look the hell out.
what was it? "the flight to safety"? "the run on bitcoin"? i meant look the hell out if you have traditional financial investments. |
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cypherdoc (OP)
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August 01, 2014, 04:03:20 PM |
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molecular
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August 01, 2014, 04:04:58 PM |
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Did anyone read Rickards new book "The Death of Money"? |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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Adrian-x
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August 01, 2014, 04:11:51 PM |
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What we see with government debt as in Argentina, is that after a default, the market "forgives" a county, and start lending again. Then we have the same thing going.
Analysis: Government debt is a pyramid scheme, ...
Civilization (governed human beings) is a pyramid scheme. By that measure Bitcoin is a pyramid scheme too. While civilization seems to be degrading along with the global financial system Bitcoin is just getting started. I think Bitcoin going to really inflate that civilization bubble Type 1 civilization here we come.  |
Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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cbeast
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Let's talk governance, lipstick, and pigs.
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August 01, 2014, 04:16:13 PM |
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What we see with government debt as in Argentina, is that after a default, the market "forgives" a county, and start lending again. Then we have the same thing going.
Analysis: Government debt is a pyramid scheme, ...
Civilization (governed human beings) is a pyramid scheme. By that measure Bitcoin is a pyramid scheme too. While civilization seems to be degrading along with the global financial system Bitcoin is just getting started. I think Bitcoin going to really inflate that civilization bubble Type 1 civilization here we come. A type 1 civilization doesn't use money at all. Hopefully Bitcoin will replace the need for money with intelligent resource management. |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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Adrian-x
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August 01, 2014, 04:20:31 PM |
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What we see with government debt as in Argentina, is that after a default, the market "forgives" a county, and start lending again. Then we have the same thing going.
Analysis: Government debt is a pyramid scheme, ...
Civilization (governed human beings) is a pyramid scheme. By that measure Bitcoin is a pyramid scheme too. While civilization seems to be degrading along with the global financial system Bitcoin is just getting started. I think Bitcoin going to really inflate that civilization bubble Type 1 civilization here we come. A type 1 civilization doesn't use money at all. Hopefully Bitcoin will replace the need for money with intelligent resource management. Bitcoin isn't money it's a decentralized global resources management system network (a global ledger), the intelligence in the system is the collective wisdom of the users. |
Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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cypherdoc (OP)
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August 01, 2014, 04:29:42 PM |
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follow thru on high volume... and it's still early in the day comparatively:  |
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bitrider
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August 01, 2014, 05:31:37 PM |
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Arghh... The LA Times is quoting Mark Williams in an article on the Coinabul mess: http://www.latimes.com/business/technology/la-bitcoin-defrauding-20140729-story.htmlHow they can present that guy as a valid opinion for anything bitcoin related is beyond me. Don't know why it annoys me so much, but it does. The author is Riley Snyder. I think people should point out to him what a terrible source Williams is. His twitter handle is: @RileySynder . CCing @latimes probably wouldn't hurt either. And he can be emailed here: Riley.snyder@latimes.comWhy blame bitcoin? Is gold not just as much at fault if this is a bitcoin to gold service. Users can prove payment in bitcoin. They can't do that with gold. It seems to me that gold would be more at fault... that is of course if you want to blame the tool and not the site operator. Good point. |
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cypherdoc (OP)
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August 01, 2014, 07:01:56 PM |
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Jim Rickards vs. James Turk Rickards has come a long way but still doesn't understand Bitcoin. Turk is OK, but also misses so much. They both think gold and Bitcoin are complementary. Wrong : https://m.youtube.com/watch?v=wItCW3WYjhs |
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cbeast
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Let's talk governance, lipstick, and pigs.
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August 01, 2014, 09:41:30 PM |
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Rickards is wack. Volatility, EMPs, can't pay taxes, all bullshit arguments. He doesn't understand that an algorithm of consensus is superior to authority. Turk get's it.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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hdbuck
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August 01, 2014, 09:43:30 PM |
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an algorithm of consensus is superior to authority.
+1 gogo amir taaki ^^ |
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