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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1804597 times)
cypherdoc
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September 03, 2014, 04:44:53 PM
 #11561

great video from a true IT pioneer.  simple question:  how is it possible that so many smart ppl can be fooled by ponzi Bitcoin?  ans:  it's not.

https://www.youtube.com/watch?v=3CMucDjJQ4E
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September 03, 2014, 04:51:25 PM
 #11562

"as i've said many times, it almost makes you want to be a Keynesian."

haha, I'll reserve my judgment on that one! Smiley The world is so screwed up that it takes a drunken night out at an incredibly noisy chinese nightclub to make me see somewhat straight again. There is a naivety here that offsets my otherwise overbearing cynicism.

Either way, he made some really insightful points.
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September 03, 2014, 04:53:49 PM
 #11563

Now I get it -it's been staring in my face for weeks:

You use the word deflation in an unconventional third way, not the economic sense of shrinking money supply, not in the populist sense of shrinking prices, but generally as shrinkage.

Shrinking real wages, shrinking house building, shrinking GDP, shrinking dicks.

Makes sense, although it should be properly agreed upon during a discussion.
 

altho it is still probable that my definition fits the traditional definition of shrinking money supply (monetary base+credit). the problem is i can't find any reliable figures on total aggregate debt over time, including shadow banking, and whether it is shrinking or not.  that chart above of net shadow banking liabilities is a big hint as to what is going on, the question being, whether or not it is being adequately offset by increasing gvt debt and monetary base.

anyone?

Fair. Seeing the world overall, we have government debt creation in Japan and China. China is desperate to reduce debt ratios in businesses, but they can't, when they try they feel the pain with failing businesses all over the place. With money supply deflation, we should see falling prices. We have falling prices in gold and some capital commodities. Commodity prices are where we should expect it first, anyway.


gvt debt creation is a black hole of inefficiency and corruption.  in this transition from increasing private debt to public debt accumulation, productivity is being destroyed.  if the Chinese gvt is desperately trying to reduce debt ratios in private businesses, perhaps they should stop and look at themselves first; oh my, not gonna happen.  this is called the heavy hand of regulation that is even more oppressing and destructive.  think Ben Lawsky.  actually, if you look at the prices of a variety of commodities, they have been falling along with oil since the beginning of the year.  what will really be concerning would be a fall in financial speculative asset prices, like the stock mkt.
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September 03, 2014, 05:24:31 PM
 #11564

Edmund Moy deserves much respect for his tireless advocacy of Bitcoin:

This should not surprise anyone, and more support for cryptocurrencies is to be expected.  This is the first time we had a financial technology that 1) competes with banks and credit cards, and 2) provide cryptographic proof of reserves, and 3) separates the ability to spend from the ability to audit (allowing public and real time audits of finaicial transactions).  Certainly, banks might not like the competition.  But the U.S. Mint isn't a bank. Why would Edmund May, by virtue of his former position with the U.S. Mint, care about competition to banks? - Paul Snow

Edmund Moy's criticism, although a bit unexpected, is the natural reaction anyone would have that understands the monetary freedom that cryptocurrencies provide.  Competition in capitalism is an essential factor that allows for human choice. The absence of competition lends way to bad actors, making bad decisions, because they can.  Cryptocurrencies provide competition for banks in a way the world has never seen before. - Lamar  Wilson


"Credit Suisse takes a public stance not of contrition, repentence and assuring the public it will never happen again, but instead reassures its clients that the crimes committed on their behalf will be a net benefit to their investments. We need to understand that 'too big to jail' makes institutions more daring in their financial escapades". Matthew Slater


http://cointelegraph.com/news/111528/us_mint_promotes_bitcoin
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September 03, 2014, 05:32:45 PM
 #11565

"Big fine 'won't do much damage': Credit Suisse CEO", TO OUR FRAUDULENT ACTIVITIES.

http://www.cnbc.com/id/101696645

sick and tired of this unfettered funneling of money to these financial terrorists.
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September 03, 2014, 06:38:48 PM
 #11566

oh crap:

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September 03, 2014, 06:58:31 PM
 #11567

don't be fooled:

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September 03, 2014, 08:02:06 PM
 #11568

this is good:

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September 03, 2014, 08:03:52 PM
 #11569

so is this:

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September 03, 2014, 08:28:45 PM
 #11570

the fact that we're finally starting to see transactional increase is an incredibly positive thing.
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September 03, 2014, 08:37:20 PM
 #11571

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Fifth, there would be no futures or options markets attached to it.

Bitcoin has futures and options markets.

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September 03, 2014, 08:42:01 PM
 #11572

the fact that we're finally starting to see transactional increase is an incredibly positive thing.

All time high! Metcalfe's law Smiley

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September 03, 2014, 08:46:54 PM
 #11573

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Fifth, there would be no futures or options markets attached to it.

Bitcoin has futures and options markets.

i think the key here is that you can't print the underlying BTC.

it's also important to have a number of exchanges spread worldwide so that no one exchange could be dominant or manipulated by a gvt.  no cash settlements allowed either, if one borrows BTC to short, they gotta return BTC.  and their leverage margin needs to be limited to reasonable levels.
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September 03, 2014, 08:48:16 PM
 #11574

could Bitcoin be their solution?:

Criminals and corrupt politicians steal $1trn a year from the world's poorest countries

http://www.independent.co.uk/news/world/politics/criminals-and-corrupt-politicians-steal-1trn-a-year-from-the-worlds-poorest-countries-9707104.html
Chalkbot
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September 03, 2014, 08:57:51 PM
 #11575



Doodling....

If you're one of those guys who subscribes to repeating patterns, it's hard NOT to imagine what happens next.
cypherdoc
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September 03, 2014, 09:05:43 PM
 #11576



Doodling....

If you're one of those guys who subscribes to repeating patterns, it's hard NOT to imagine what happens next.

it's incredibly positive.  it kinda creeped up on us after all the yammering Mike Hearn's has done complaining about this.  in fact, it was probably the one negative tick in my checklist that was bugging me all along.  to see it rising like this is great news in my book.
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September 03, 2014, 09:09:29 PM
 #11577

Quote
Fifth, there would be no futures or options markets attached to it.

Bitcoin has futures and options markets.

i think the key here is that you can't print the underlying BTC.

it's also important to have a number of exchanges spread worldwide so that no one exchange could be dominant or manipulated by a gvt.  no cash settlements allowed either, if one borrows BTC to short, they gotta return BTC.  and their leverage margin needs to be limited to reasonable levels.

I think discounting it as a factor is unwise.

With a monetary good price plays an intricate relationship with perception and price-perception. A minimal coin holding leveraged with options and futures can have a large effect on perceptions, as has been done in the commodities markets for managing inflation perceptions and stock markets for managing "wealth effect" perceptions ...

Peter R
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September 03, 2014, 09:09:58 PM
 #11578

the fact that we're finally starting to see transactional increase is an incredibly positive thing.
All time high! Metcalfe's law Smiley

Not quite, but getting there Smiley




Run Bitcoin Unlimited (www.bitcoinunlimited.info)
cypherdoc
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September 03, 2014, 09:18:59 PM
 #11579

Quote
Fifth, there would be no futures or options markets attached to it.

Bitcoin has futures and options markets.

i think the key here is that you can't print the underlying BTC.

it's also important to have a number of exchanges spread worldwide so that no one exchange could be dominant or manipulated by a gvt.  no cash settlements allowed either, if one borrows BTC to short, they gotta return BTC.  and their leverage margin needs to be limited to reasonable levels.

I think discounting it as a factor is unwise.

With a monetary good price plays an intricate relationship with perception and price-perception. A minimal coin holding leveraged with options and futures can have a large effect on perceptions, as has been done in the commodities markets for managing inflation perceptions and stock markets for managing "wealth effect" perceptions ...

no one's dismissing it.  i've been worried about it all along.  it's just that i think manipulation can be capped b/c we're talking about an international monetary unit whose security is in the interest of all nations, not just the US.  these types of manipulations would occur at the exchanges.  the fact that the highest volume exchanges are in China today would make it hard for the US gvt to manipulate Bitcoin at this time, imo.  we need to have a large # spread out round the world, preferably in jurisdictions that vie against each other otherwise, like China, Russia, and the US.
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September 03, 2014, 11:05:49 PM
 #11580

At least give this an open minded read... I am sincerely not trying to coin pump. Something huge is actually happening here: http://209.126.70.170/SuperNET.pdf.
Teleport, InstantDEX, Multigateway, cross chain trading, Tradebots, P2p betting, SuperNET. This stuff is not coin (or nxt) specific. These features cannot be disregarded as they will boost ALL of crypto and have never been done before!

Crypto is about to change forever.
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