Bitcoin Forum
December 09, 2016, 08:01:45 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Poll
Question: Will you support Gavin's new block size limit hard fork of 8MB by January 1, 2016 then doubling every 2 years?
1.  yes
2.  no

Pages: « 1 ... 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 [585] 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 ... 1560 »
  Print  
Author Topic: Gold collapsing. Bitcoin UP.  (Read 1806972 times)
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 05, 2014, 02:55:14 PM
 #11681

https://twitter.com/cypherdoc2/status/507904403941363712
1481270505
Hero Member
*
Offline Offline

Posts: 1481270505

View Profile Personal Message (Offline)

Ignore
1481270505
Reply with quote  #2

1481270505
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481270505
Hero Member
*
Offline Offline

Posts: 1481270505

View Profile Personal Message (Offline)

Ignore
1481270505
Reply with quote  #2

1481270505
Report to moderator
1481270505
Hero Member
*
Offline Offline

Posts: 1481270505

View Profile Personal Message (Offline)

Ignore
1481270505
Reply with quote  #2

1481270505
Report to moderator
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 05, 2014, 02:57:12 PM
 #11682

Mysterious Fake Cellphone Towers Are Intercepting Calls All Over The US.

"Seventeen fake cellphone towers were discovered across the U.S. last week, according to a report in Popular Science."

http://www.businessinsider.com/mysterious-fake-cellphone-towers-intercept-calls-2014-9#ixzz3CV5AqAz2

I am really interested in one of these phones.  This or Silent Circle. Anyone with any experience? 

Me too. First though, I would need to understand how they protect keyboard input, which always seems to be one of the weakest links. Especialy if the base is stock (then modded) android. If they wrote their own opsys then that would make me feel more comfortable as long as I knew something about the company background. Come to that, I've never had much faith in wallets that are added onto chrome but perhaps I'm missing something. I'm no longer very technical so I have to rely on others' opinions.

absolutely.  we need more info about how these devices work technically and are they open source.  i'm curious about the firmware vulnerabilities.  sounds like a centralized solution if all messages are routed thru their servers which i think is how Silent Circle works.  but i'd take that risk for now until a decentralized solution is found.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 05, 2014, 03:11:08 PM
 #11683

hey Smoothie,

you need to check this out for all of us when you get a chance:

http://bitcoinist.net/hawaii-gets-its-first-bitcoin-atm/
zeetubes
Sr. Member
****
Offline Offline

Activity: 371


View Profile
September 05, 2014, 03:30:14 PM
 #11684

hey Smoothie,

you need to check this out for all of us when you get a chance:

http://bitcoinist.net/hawaii-gets-its-first-bitcoin-atm/

A lot of people diss Hawaii but I always stop there for a couple of days on my way from the us to asia or australia. It's the perfect place to break up the flight and probably the nicest all year climate in the world. I've been waiting for their real estate market to crash and it certainly took a hit in 2009, but with a little fed intervention it hung in there (like most things that should have crashed). Maybe next year.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 05, 2014, 04:17:33 PM
 #11685

pm space crumbling
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 05, 2014, 04:20:43 PM
 #11686

silver criticality incoming.

first critical breach is $19 for psychological reasons.  then 18.70, finally 18.17.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 05, 2014, 04:58:47 PM
 #11687

rising stock mkt and rising USD; toxic brew for gold and silver.

their only chance is that BOTH of those go down, including Bitcoin.
Trader Steve
Hero Member
*****
Offline Offline

Activity: 725


"How do you eat an elephant? One bit at a time..."


View Profile
September 05, 2014, 05:16:17 PM
 #11688

Mysterious Fake Cellphone Towers Are Intercepting Calls All Over The US.

"Seventeen fake cellphone towers were discovered across the U.S. last week, according to a report in Popular Science."

http://www.businessinsider.com/mysterious-fake-cellphone-towers-intercept-calls-2014-9#ixzz3CV5AqAz2

I am really interested in one of these phones.  This or Silent Circle. Anyone with any experience?  

Checkout RedPhone and TextSecure by Whisper Systems. All open source:

http://whispersystems.org

cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 05, 2014, 05:34:53 PM
 #11689

this should have a positive impact:

China’s effect on bitcoin prices and the network itself should not be underestimated. The nation is home to some of the biggest bitcoin exchanges on the planet as well as a number of industrial-scale mining operations
.

http://www.coindesk.com/yuan-trades-now-make-70-bitcoin-volume/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CoinDesk+%28CoinDesk+-+The+Voice+of+Digital+Currency%29
hdbuck
Legendary
*
Offline Offline

Activity: 1134



View Profile
September 05, 2014, 08:37:07 PM
 #11690

Just thought i'd share this little anecdote about gold:

So this friend of mine went to see his banker @LCFRotschild to talk about his contracts there, wanting to diversify his assets in gold (didn't even try to bring bitcoin on the table, and wouldn't go through with such channels anyway).

The banker started wondering why, and then started chitchatting about the latest new regarding the ECB's 0,05% interest rate (lulz) and bragged about an upcoming euroQE in 2015 (more lulz), problablablably trying to somehow reassure my friend.

My friend then answered: "See?! this is exactly why i want gold. The euro is worthless!" ^^

So after a dialogue of the deaf between the two of them, the banker concludes: "alright i will add a special note "gold" in your contract."

My friend then told him: "no, i want gold bars, not some paper-gold in your system."

And when the banker asked why on earth would he want god damn gold bars, my friend swiftly answered the ultimate punch line ihmo:  "to make door wedges!"

Grin Cheesy Smiley
smoothie
Legendary
*
Offline Offline

Activity: 1848


LEALANA Monero Physical Silver Coins


View Profile
September 05, 2014, 09:39:12 PM
 #11691

hey Smoothie,

you need to check this out for all of us when you get a chance:

http://bitcoinist.net/hawaii-gets-its-first-bitcoin-atm/

If I ever end up visiting Oahu I will. Currently I reside on the big island.

Volcanic activity going on Smiley hopefully BTC has some of its own volcanic activity too!

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
tabnloz
Hero Member
*****
Offline Offline

Activity: 793


View Profile
September 05, 2014, 09:43:23 PM
 #11692

Published on Goldcore.com blog

Blockchain promises to be as disruptive a technology as the internet....

http://www.goldcore.com/goldcore_blog/Blockchain_Promises_To_Be_As_Disruptive_A_Technology_As_The_Internet

The goldbugs conversion continues, and Cypherdocs theory looks increasingly accurate.
Chalkbot
Legendary
*
Offline Offline

Activity: 892



View Profile
September 05, 2014, 10:01:07 PM
 #11693

So, if we ignore for a minute, the properties of gold that make it less attractive than bitcoin, and purely focus on the limited nature of each one; Why isn't gold acting as a store of value in a QE economy? Why is it not guaranteed profit to take out a huge low interest loan, and buy gold?

If there is an answer to that, why doesn't it apply to bitcoin?
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 05, 2014, 11:58:06 PM
 #11694

Published on Goldcore.com blog

Blockchain promises to be as disruptive a technology as the internet....

http://www.goldcore.com/goldcore_blog/Blockchain_Promises_To_Be_As_Disruptive_A_Technology_As_The_Internet

The goldbugs conversion continues, and Cypherdocs theory looks increasingly accurate.

yeah, for the short term both have been moving down together.  watch closely for when that relationship changes.  i think gold and silver are about to go off the cliff while Bitcoin is coiling in anticipation for the next ramp.
Trader Steve
Hero Member
*****
Offline Offline

Activity: 725


"How do you eat an elephant? One bit at a time..."


View Profile
September 06, 2014, 12:12:21 AM
 #11695

So, if we ignore for a minute, the properties of gold that make it less attractive than bitcoin, and purely focus on the limited nature of each one; Why isn't gold acting as a store of value in a QE economy? Why is it not guaranteed profit to take out a huge low interest loan, and buy gold?

If there is an answer to that, why doesn't it apply to bitcoin?

Gold truly is the barbarous relic. It can be shorted to hell with naked contracts (big banks can sell what they don't own) and it is very inefficient in the digital age. How can it compete with instant and cheap value transfers like bitcoin (for which naked short selling does not currently exist)?

As we've said before, bitcoin is assuming the position historically held by gold. Bitcoin is Gold's Black Swan. Just remember to take possession of your private keys.



tvbcof
Legendary
*
Online Online

Activity: 1988


View Profile
September 06, 2014, 12:12:34 AM
 #11696

Gold up, Cypherdoc collapsing.

cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 06, 2014, 12:27:47 AM
 #11697

nice summary by Chris Whalen on Japan's deflation and why it's still dangerous to be shorting JGB's:

how is it that Japan has not already defaulted on its debt, a la Argentina? The short answer is that Japan funds its public-sector shortfalls internally, while Argentina is dependent upon foreign capital inflows to finance its fiscal dissolution.

With respect to the issue of public debt and deficits, Kubarych argues that the Japanese would rather own bonds with low coupons than pay taxes. He says that the average Japanese distrusts government officials and prefers to see their money in government bonds than pay higher taxes to subsidize socialist agendas.

Global speculators such as George Soros and Kyle Bass have been predicting a fiscal and economic apocalypse for Japan for years. Bass, who made a killing by betting against the subprime bubble, has been wrong on Japan since at least 2010. Japan’s economy is a mess, no question, but Bass and other speculators err in assessing the country’s probability of default as though Japan were a private company.


http://nationalinterest.org/feature/japans-economy-headed-collapse-11217?page=2

notice how it's very conceivable for US citizens to be force fed UST's in the future and learn to like it.
Peter R
Legendary
*
Offline Offline

Activity: 938



View Profile
September 06, 2014, 12:28:19 AM
 #11698

Look at the text I just received from a good friend.  He's a young dentist in Vancouver.



Now the question is "how do I answer him?"  [This is always a problem for me].  If I recommend cavirtex, then he must persevere through the time-consuming KYC/AML procedure, link his bank account, and then still wait a week for the first transfer to clear  ....  Telling him about 2FA on top of this will be too much [I wish cavirtex disabled bitcoin withdrawals by default unless 2FA was enabled and verified].  

I could send him over to the bitcoin ATM which is fast and easy [although unsuitable for large purchases], but then I would feel personally responsible to set him up properly with a wallet on his phone, a back-up of the seed, and a cold-storage system.  

I wish we had an exchange-tradeable product like GLD but with bitcoin as the underlying… Smiley

Run Bitcoin Unlimited (www.bitcoinunlimited.info)
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 06, 2014, 12:34:29 AM
 #11699

Gold up, Cypherdoc collapsing.

lol.  tv, you're like a little dog, constantly nipping at my heels.
adamstgBit
Legendary
*
Offline Offline

Activity: 1904


Trusted Bitcoiner


View Profile WWW
September 06, 2014, 12:35:50 AM
 #11700

Look at the text I just received from a good friend.  He's a young dentist in Vancouver.



Now the question is "how do I answer him?"  [This is always a problem for me].  If I recommend cavirtex, then he must persevere through the time-consuming KYC/AML procedure, link his bank account, and then still wait a week for the first transfer to clear  ....  Telling him about 2FA on top of this will be too much [I wish cavirtex disabled bitcoin withdrawals by default unless 2FA was enabled and verified].  

I could send him over to the bitcoin ATM which is fast and easy [although unsuitable for large purchases], but then I would feel personally responsible to set him up properly with a wallet on his phone, a back-up of the seed, and a cold-storage system.  

I wish we had an exchange-tradeable product like GLD but with bitcoin as the underlying… Smiley

you can trade GLD without doin KYC/AML ?

you could sell him some yourself, but honestly I recommend the full cavirtex experience, sure it takes a few days to get the paperwork cleared, but once you're set... its well worth the pain.

and, its really not that hard... poeple just need a swift kick in the ass sometimes.

Pages: « 1 ... 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 [585] 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 ... 1560 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!