Gold collapsing. Bitcoin UP.

[adamstgBit]

Oh and German bonds are negative up to three years out. 10Y out they are at record lows. Could be related: http://www.zerohedge.com/news/2014-08-27/greatest-depression-german-yields-now-negative-through-2017

unbelievable.  can you imagine having to "pay" to own one of these debt instruments?  i understand the argument that it has a state guarantee behind it but c'mon.

Could it be due to regulations? In some regions, banks are forced to hold a certain portion of their reserves in government bonds. If somebody is desperate to own these instruments for regulatory reasons, it can depress the yield.

Please lend me 100 euro now and I'll give you back 97 in 3 years!

can people barrow at negative interest yet?

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[wachtwoord]

Oh and German bonds are negative up to three years out. 10Y out they are at record lows. Could be related: http://www.zerohedge.com/news/2014-08-27/greatest-depression-german-yields-now-negative-through-2017

unbelievable.  can you imagine having to "pay" to own one of these debt instruments?  i understand the argument that it has a state guarantee behind it but c'mon.

Could it be due to regulations? In some regions, banks are forced to hold a certain portion of their reserves in government bonds. If somebody is desperate to own these instruments for regulatory reasons, it can depress the yield.

Please lend me 100 euro now and I'll give you back 97 in 3 years!

can people barrow at negative interest yet?

Now, just the German government.

[zeetubes]

yes, UST's following suit.

so who the hell is buying stocks?

The fed and its dealers are the only ones buying stocks and just about any other instrument around the world.

[cypherdoc]

turning back up on the 15 min and 1h...

[cypherdoc]

my thoughts on the regression theorum:

https://twitter.com/cypherdoc2/status/504700458779566080

[cypherdoc]

nice stock DUMP

[cypherdoc]

so if a bank, gvt, NSA, or other malicious actor wants to do a 51% attack, they need to duplicate all the mines in the world like this one:

http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/

[Torque]

so if a bank, gvt, NSA, or other malicious actor wants to do a 51% attack, they need to duplicate all the mines in the world like this one:

http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/

Scary. As. Hell.

One well placed missile and that entire building would be gone, along with it 5% of the entire bitcoin network.  I hope that these bitcoin mining facilities are hard to track down.  But with all the electricity it is sucking, I somehow doubt it.  And I'm sure that there is no Disaster Recovery plan in place for these facilities...

[cypherdoc]

so if a bank, gvt, NSA, or other malicious actor wants to do a 51% attack, they need to duplicate all the mines in the world like this one:

http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/

Scary. As. Hell.

One well placed missile and that entire building would be gone, along with it 5% of the entire bitcoin network.  I hope that these bitcoin facilities are hard to track down.  But with all the electricity it is sucking, I doubt it...

whose missile?  certainly not a US one.  neither a Chinese one; it's their gvt's ace in the hole if gold and UST's go kerplunk.

[Torque]

so if a bank, gvt, NSA, or other malicious actor wants to do a 51% attack, they need to duplicate all the mines in the world like this one:

http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/

Scary. As. Hell.

One well placed missile and that entire building would be gone, along with it 5% of the entire bitcoin network.  I hope that these bitcoin facilities are hard to track down.  But with all the electricity it is sucking, I doubt it...

whose missile?  certainly not a US one.  neither a Chinese one; it's their gvt's ace in the hole if gold and UST's go kerplunk.

Can you say Terrorism?

[cypherdoc]

this is a pretty big penetration rate for those >$100K:

In the study group, 70% of those who made more than $100,000 annually had heard of bitcoin, while 43% of respondents from lower-income households said they knew about or had used digital currency.

http://www.coindesk.com/banking-survey-65-us-consumers-unlikely-buy-bitcoin/

[cypherdoc]

so if a bank, gvt, NSA, or other malicious actor wants to do a 51% attack, they need to duplicate all the mines in the world like this one:

http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/

Scary. As. Hell.

One well placed missile and that entire building would be gone, along with it 5% of the entire bitcoin network.  I hope that these bitcoin facilities are hard to track down.  But with all the electricity it is sucking, I doubt it...

whose missile?  certainly not a US one.  neither a Chinese one; it's their gvt's ace in the hole if gold and UST's go kerplunk.

Can you say Terrorism?

well then, the US gvt would have to pay the consequences of its actions.

[notme]

this is a pretty big penetration rate for those >$100K:

In the study group, 70% of those who made more than $100,000 annually had heard of bitcoin, while 43% of respondents from lower-income households said they knew about or had used digital currency.

http://www.coindesk.com/banking-survey-65-us-consumers-unlikely-buy-bitcoin/

Eighteen percent of participants indicated that they were “likely” or “very likely” to use a digital currency, and only 3% of those who had heard of bitcoin said they had actually bought some.

So a factor of 6 increase in demand when the next bubble gets rolling?

[Torque]

so if a bank, gvt, NSA, or other malicious actor wants to do a 51% attack, they need to duplicate all the mines in the world like this one:

http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/

Scary. As. Hell.

One well placed missile and that entire building would be gone, along with it 5% of the entire bitcoin network.  I hope that these bitcoin facilities are hard to track down.  But with all the electricity it is sucking, I doubt it...

whose missile?  certainly not a US one.  neither a Chinese one; it's their gvt's ace in the hole if gold and UST's go kerplunk.

Can you say Terrorism?

well then, the US gvt would have to pay the consequences of its actions.

I'm just concerned that these bitcoin mining facilities, that are supposedly running the greatest worldwide virtual currency network ever seen on planet earth, have all the security & disaster hardening equivalent of a shabby convenient store.  In the near future we could be talking about $100+ Billion worldwide market here.

Even most corporate HA/DR data centers are better designed than this.

[kendog77]

I'm just concerned that these bitcoin mining facilities, that are supposedly running the greatest worldwide virtual currency network ever seen on planet earth, have all the security & disaster hardening equivalent of a shabby convenient store.  In the near future we could be talking about $100+ Billion worldwide market here.

Even most corporate HA/DR data centers are better designed than this.

If the spike of Bitcoin spikes again, millions of dollars of capital will flow into mining and help secure the network. Bitcoin mining difficulty follows price.

If a large mining facility goes offline, the difficulty would fall and the remaining miners on the network would make more, which would also provide an incentive for more capital to flow into mining.

[notme]

It's much easier to wipe out a traditional bank's records with a missile than to wipe out the blockchain.  Even if they take out half the network right after a difficulty adjustment and it takes a month of 20 minute blocks to readjust, the transaction record will be safe.

[Pruden]

As CNBC notes, since the recession ended, lower-wage jobs have grown by 2.3 million while medium- and higher-wage jobs actually contracted by 1.2 million. This is in line with the ground-losing 2% wage growth the job market is seeing.

That is deeply disturbing and echoes something I read the other day: Hussman's comment this week is a monumental piece on the flawed causality of QE, and more generally on the inequality that lower rates cause. Cheaper money helps disproportionately the only kind of business whose main cost is money: Financials. About low quality of employment:

http://www.hussmanfunds.com/wmc/wmc140825.htm

First, we should begin by stopping the harm. Quantitative easing will not help to reverse this process... Indeed, Fed policy does violence to the economy by helping to narrow it to what complex systems theorists call a “monoculture.” Nearly every minute of business television is now dominated by the idea that the Federal Reserve is the only thing that matters. Meanwhile, by pursuing a policy that distinctly benefits those enterprises whose primary cost is interest itself, the Fed’s policies have preserved and enhanced too-big-to-fail banks, financial engineering, and speculative international capital flows at the expense of local lending, small and medium-size banks and enterprises, and ultimately, economic diversity.

[HeliKopterBen]

so if a bank, gvt, NSA, or other malicious actor wants to do a 51% attack, they need to duplicate all the mines in the world like this one:

http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/

Scary. As. Hell.

One well placed missile and that entire building would be gone, along with it 5% of the entire bitcoin network.  I hope that these bitcoin facilities are hard to track down.  But with all the electricity it is sucking, I doubt it...

whose missile?  certainly not a US one.  neither a Chinese one; it's their gvt's ace in the hole if gold and UST's go kerplunk.

Can you say Terrorism?

well then, the US gvt would have to pay the consequences of its actions.

I'm just concerned that these bitcoin mining facilities, that are supposedly running the greatest worldwide virtual currency network ever seen on planet earth, have all the security & disaster hardening equivalent of a shabby convenient store.  In the near future we could be talking about $100+ Billion worldwide market here.

Even most corporate HA/DR data centers are better designed than this.

Bitcoin's peer-to-peer design IS the security and disaster hardening.  That mining facility is just one peer on the network.  Bitcoin is likely too big to fail at this point.

[hdbuck]

Bitcoin is likely too big to fail at this point.

So true. Bill Gates' 'technological tour de force'.

[cypherdoc]

ghash 20%, Discus 24%

i thought ghash was supposed to take over and trash the entire network?: