RAJSALLIN
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August 26, 2014, 10:40:26 AM |
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^ Wences talk is an absolute must-watch. Can't believe I hadn't seen it 'till now. He's spot on about everything: history and purpose of money, properties of money, money as memory, gold's role until now, bitcoin replacing gold, perspective on reserve currencies, opinion that bitcoin is a store of value first, and that it's fundamental promise is as ideal money (not all the other bells and whistles that are so popular lately). And ya gotta watch through the end of the (brief) comment period to see where he aptly dismisses alt-coins. I've obviously been aware of Wences' resume since the first Xapo funding* was announced, but I now realize he's even more of an asset to bitcoin than I'd originally realized. Anyways, thanks for the link cypher. *sidenote: Xapo is the best-funded bitcoin company to date (~$40m total, IIRC), in case anyone didn't realize. From the sounds of his talk, there's a chance he lurks this thread. Some of us predate him. He says bitcoin is adding 100.000 new users per day. Is this is a commonly accepted number? Sounds extremely high if you ask me. Pretty sure the price wuld be significalntly higher if this was actually the case.
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heartastack
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August 26, 2014, 10:56:58 AM |
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^ Wences talk is an absolute must-watch. Can't believe I hadn't seen it 'till now. He's spot on about everything: history and purpose of money, properties of money, money as memory, gold's role until now, bitcoin replacing gold, perspective on reserve currencies, opinion that bitcoin is a store of value first, and that it's fundamental promise is as ideal money (not all the other bells and whistles that are so popular lately). And ya gotta watch through the end of the (brief) comment period to see where he aptly dismisses alt-coins. I've obviously been aware of Wences' resume since the first Xapo funding* was announced, but I now realize he's even more of an asset to bitcoin than I'd originally realized. Anyways, thanks for the link cypher. *sidenote: Xapo is the best-funded bitcoin company to date (~$40m total, IIRC), in case anyone didn't realize. From the sounds of his talk, there's a chance he lurks this thread. Some of us predate him. He says bitcoin is adding 100.000 new users per day. Is this is a commonly accepted number? Sounds extremely high if you ask me. Pretty sure the price wuld be significalntly higher if this was actually the case. LoL! Sounds like immense bullshit (100k per day>>>!!!).
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cypherdoc (OP)
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August 26, 2014, 03:15:09 PM |
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housing ETF XHB has clearly rolled over. the major homebuilders like MTH, TOL, KBH, PHM, HOV, etc are down in a funk. they all topped in February. that's not good for the homeowner:
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cypherdoc (OP)
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August 26, 2014, 03:35:52 PM |
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Keep pushing!
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cypherdoc (OP)
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August 26, 2014, 03:46:00 PM |
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cypherdoc (OP)
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August 26, 2014, 04:29:36 PM |
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cypherdoc (OP)
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August 26, 2014, 04:43:09 PM |
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gold bounces off what was once support and is now resistance:
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Adrian-x
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August 26, 2014, 04:49:50 PM |
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Looking at the chart above the total consumer debt is about 12 trillion. A thought that comes to mind is the total QE balance comparable in size?
If it's remotely comparable in size then it looks as if the banks got a free card to collect interest on money they created and use that money to inflate asset prices and then have us the taxpayer guarantees the loans with QE.
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Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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unpure
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August 26, 2014, 04:51:30 PM |
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gold bounces off what was once support and is now resistance:
Chart looks like it is in tight trading range like what btc is experiencing lately. Swing traders and scrappers profit the most in period like this.
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NewLiberty
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Gresham's Lawyer
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August 26, 2014, 04:56:27 PM |
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Looking at the chart above the total consumer debt is about 12 trillion. A thought that comes to mind is the total QE balance comparable in size?
If it's remotely comparable in size then it looks as if the banks got a free card to collect interest on money they created and use that money to inflate asset prices and then have us the taxpayer guarantees the loans with QE.
Add capital gains to the mix, and the inflated prices cycle back money to the treasury. Its the best racket in the game. Its almost like cheating, being the bank.
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cypherdoc (OP)
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August 26, 2014, 05:03:05 PM |
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Looking at the chart above the total consumer debt is about 12 trillion. A thought that comes to mind is the total QE balance comparable in size?
If it's remotely comparable in size then it looks as if the banks got a free card to collect interest on money they created and use that money to inflate asset prices and then have us the taxpayer guarantees the loans with QE.
Add capital gains to the mix, and the inflated prices cycle back money to the treasury. Its the best racket in the game. Its almost like cheating, being the bank. the money used to back stop the financial sector during 2008 could easily have been deployed to pay off every single underwater mortgage in the US. Geithner, Paulson, Bernanke had a choice and they chose to bail out their bosses on Wall St instead.
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NewLiberty
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August 26, 2014, 05:03:57 PM |
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Student loans the fastest growing debt. They are getting them younger. The education can't be taken away, but you also can't pass it on to your heirs. It is as ephemeral as it is inalienable.
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cypherdoc (OP)
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August 26, 2014, 05:31:46 PM |
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got these suckers on the run. leverage UP!:
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justusranvier
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August 26, 2014, 05:39:19 PM |
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Student loans the fastest growing debt. They are getting them younger. The education can't be taken away, but you also can't pass it on to your heirs. It is as ephemeral as it is inalienable.
worse than that, college provides students with schooling, not education. Any education may occur is purely accidental and contrary to the goal of producing well-schooled students.
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cypherdoc (OP)
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August 26, 2014, 05:40:33 PM |
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look the hell out gold & silver:
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cypherdoc (OP)
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August 26, 2014, 05:42:09 PM |
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Student loans the fastest growing debt. They are getting them younger. The education can't be taken away, but you also can't pass it on to your heirs. It is as ephemeral as it is inalienable.
worse than that, college provides students with schooling, not education. Any education may occur is purely accidental and contrary to the goal of producing well-schooled students. not dischargeable in BK either
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smoothie
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LEALANA Bitcoin Grim Reaper
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August 26, 2014, 05:51:06 PM |
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I see they accept litecoin also based on their checkout system.
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███████████████████████████████████████
,╓p@@███████@╗╖, ,p████████████████████N, d█████████████████████████b d██████████████████████████████æ ,████²█████████████████████████████, ,█████ ╙████████████████████╨ █████y ██████ `████████████████` ██████ ║██████ Ñ███████████` ███████ ███████ ╩██████Ñ ███████ ███████ ▐▄ ²██╩ a▌ ███████ ╢██████ ▐▓█▄ ▄█▓▌ ███████ ██████ ▐▓▓▓▓▌, ▄█▓▓▓▌ ██████─ ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌ ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌ ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─ ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩ ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀ ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀` ²²² ███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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smoothie
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LEALANA Bitcoin Grim Reaper
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August 26, 2014, 05:53:01 PM |
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Student loans the fastest growing debt. They are getting them younger. The education can't be taken away, but you also can't pass it on to your heirs. It is as ephemeral as it is inalienable.
worse than that, college provides students with schooling, not education. Any education may occur is purely accidental and contrary to the goal of producing well-schooled students. Agreed. They don't teach students to think for themselves and to question authority and what is being taught to them so they can come to their own conclusions.
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███████████████████████████████████████
,╓p@@███████@╗╖, ,p████████████████████N, d█████████████████████████b d██████████████████████████████æ ,████²█████████████████████████████, ,█████ ╙████████████████████╨ █████y ██████ `████████████████` ██████ ║██████ Ñ███████████` ███████ ███████ ╩██████Ñ ███████ ███████ ▐▄ ²██╩ a▌ ███████ ╢██████ ▐▓█▄ ▄█▓▌ ███████ ██████ ▐▓▓▓▓▌, ▄█▓▓▓▌ ██████─ ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌ ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌ ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─ ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩ ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀ ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀` ²²² ███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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NewLiberty
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August 26, 2014, 05:56:38 PM |
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^ Wences talk is an absolute must-watch. Can't believe I hadn't seen it 'till now. He's spot on about everything: history and purpose of money, properties of money, money as memory, gold's role until now, bitcoin replacing gold, perspective on reserve currencies, opinion that bitcoin is a store of value first, and that it's fundamental promise is as ideal money (not all the other bells and whistles that are so popular lately). And ya gotta watch through the end of the (brief) comment period to see where he aptly dismisses alt-coins. I've obviously been aware of Wences' resume since the first Xapo funding* was announced, but I now realize he's even more of an asset to bitcoin than I'd originally realized. Anyways, thanks for the link cypher. *sidenote: Xapo is the best-funded bitcoin company to date (~$40m total, IIRC), in case anyone didn't realize. From the sounds of his talk, there's a chance he lurks this thread. Some of us predate him. Its funny that. XBT-card.com has more code in the bag + patents approved (not pending), but not the funding. They should partner, or something.
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cypherdoc (OP)
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August 26, 2014, 06:06:13 PM |
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Discus @ 22% with ghash @ 21%. Free market discipline at work!
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