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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1805125 times)
Zarathustra
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September 20, 2014, 07:15:41 AM
 #12441

Before the agricultural revolution, it took humanity about one million years on average to develop enough infrastructure/capability to support an additional one million humans living at subsistence levels. After the agricultural revolution, that changed to talking only a few hundred years. Now, after the industrial revolution, that takes 90 minutes on average.

There are huge side effects:
http://www.worldwildlife.org/threats/soil-erosion-and-degradation

That's important but the kicker is overall economic growth, we're moving from a meme of more to a meme of better. The problem is the centers of control are working from the ideology of Co opting / controlling the supply of more. Monopolies have no value when people find alternatives,  micro electronics, alternate energy and food security technologies like aquaponics (oh and money) are reshaping everything.

Forget it, Adrian.

In economics, the Jevons paradox (/ˈdʒɛvənz/; sometimes Jevons effect) is the proposition that as technology progresses, the increase in efficiency with which a resource is used tends to increase (rather than decrease) the rate of consumption of that resource.[1] In 1865, the English economist William Stanley Jevons observed that technological improvements that increased the efficiency of coal-use led to the increased consumption of coal in a wide range of industries. He argued that, contrary to common intuition, technological improvements could not be relied upon to reduce fuel consumption.[2]

The issue has been re-examined by modern economists studying consumption rebound effects from improved energy efficiency. In addition to reducing the amount needed for a given use, improved efficiency lowers the relative cost of using a resource, which tends to increase the quantity of the resource demanded, potentially counteracting any savings from increased efficiency. Additionally, increased efficiency accelerates economic growth, further increasing the demand for resources. The Jevons paradox occurs when the effect from increased demand predominates, causing resource use to increase


http://en.wikipedia.org/wiki/Jevons_paradox

I'm aware of Jevons_paradox, but much smarter people than me (Satosi) know it's only supply and demand that brings it into equilibrium. The divergence in usage as a result of innovation also express it's self in an economy as art and culture ultimately this is enriched experiences.

We won't find a comfortable equilibrium with constant economic growth as managed under the target of central banks.


With or without central banks: "a comfortable equilibrium with constant economic growth" is an oxymoron.
An economy is a collectivist organisation (state bastard), and:

"Essentially, the economy is an engine that transforms resources into waste."

http://www.financialsense.com/contributors/ugo-bardi/2011/07/22/entropy-peak-oil-and-stoic-philosophy-part-2

"Staat nenne ich's, wo alle Gifttrinker sind, Gute und Schlimme: Staat, wo alle sich selber verlieren, Gute und Schlimme:
Staat, wo der langsame Selbstmord aller – »das Leben« heisst."
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Zangelbert Bingledack
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September 20, 2014, 08:13:50 AM
 #12442

Re: Jevons Paradox

Time for this video again:

https://www.youtube.com/watch?v=AcWkN4ngR2Y
cypherdoc
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September 20, 2014, 11:47:43 AM
 #12443

oh yes

listen to me.  i sound like i'm having an orgasm.

Oh yes yes! I
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September 20, 2014, 02:55:52 PM
 #12444

reaching for new heights.  that is really good news:

cypherdoc
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September 20, 2014, 02:58:46 PM
 #12445

and its companion:

cypherdoc
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September 20, 2014, 03:02:10 PM
 #12446

the Bitcoin Virus won't stop replicating:

cypherdoc
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September 20, 2014, 03:03:59 PM
 #12447

nor will the Nash Equilibrium stop equilibrating:

cypherdoc
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September 20, 2014, 03:18:42 PM
 #12448

localBitcoins solidly contributing.  looks long lasting:

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September 20, 2014, 03:35:45 PM
 #12449

this is one disturbing piece of propaganda that has nothing to do with Bitcoin.  note the concept of trapping ppl into a digital cash system with negative interest rates.  this is Ken Rogoff's (Harvard economist) idea:

http://www.reddit.com/r/Bitcoin/comments/2gxr93/the_economist_the_benefits_of_getting_rid_of_cash/
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September 20, 2014, 03:42:28 PM
 #12450

no better place for a bottom  Wink

so price ended up slicing down thru the support levels in the 440 range w/o difficulty.  oftentimes those throw unders cause the final capitulation of the weak hands to sell.  now that we're bouncing, the flipside key will be if price can slice back UP thru what was once support and is now resistance.  if we do get over 440, it should be off to the races to the upside to around the next resistance level of 600.  i think it happens:

Adrian-x
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September 20, 2014, 03:42:57 PM
 #12451

Before the agricultural revolution, it took humanity about one million years on average to develop enough infrastructure/capability to support an additional one million humans living at subsistence levels. After the agricultural revolution, that changed to talking only a few hundred years. Now, after the industrial revolution, that takes 90 minutes on average.

There are huge side effects:
http://www.worldwildlife.org/threats/soil-erosion-and-degradation

That's important but the kicker is overall economic growth, we're moving from a meme of more to a meme of better. The problem is the centers of control are working from the ideology of Co opting / controlling the supply of more. Monopolies have no value when people find alternatives,  micro electronics, alternate energy and food security technologies like aquaponics (oh and money) are reshaping everything.

Forget it, Adrian.

In economics, the Jevons paradox (/ˈdʒɛvənz/; sometimes Jevons effect) is the proposition that as technology progresses, the increase in efficiency with which a resource is used tends to increase (rather than decrease) the rate of consumption of that resource.[1] In 1865, the English economist William Stanley Jevons observed that technological improvements that increased the efficiency of coal-use led to the increased consumption of coal in a wide range of industries. He argued that, contrary to common intuition, technological improvements could not be relied upon to reduce fuel consumption.[2]

The issue has been re-examined by modern economists studying consumption rebound effects from improved energy efficiency. In addition to reducing the amount needed for a given use, improved efficiency lowers the relative cost of using a resource, which tends to increase the quantity of the resource demanded, potentially counteracting any savings from increased efficiency. Additionally, increased efficiency accelerates economic growth, further increasing the demand for resources. The Jevons paradox occurs when the effect from increased demand predominates, causing resource use to increase


http://en.wikipedia.org/wiki/Jevons_paradox

I'm aware of Jevons_paradox, but much smarter people than me (Satosi) know it's only supply and demand that brings it into equilibrium. The divergence in usage as a result of innovation also express it's self in an economy as art and culture ultimately this is enriched experiences.

We won't find a comfortable equilibrium with constant economic growth as managed under the target of central banks.


With or without central banks: "a comfortable equilibrium with constant economic growth" is an oxymoron.
An economy is a collectivist organisation (state bastard), and:

"Essentially, the economy is an engine that transforms resources into waste."

http://www.financialsense.com/contributors/ugo-bardi/2011/07/22/entropy-peak-oil-and-stoic-philosophy-part-2

An economy is by extension part of an ecosystem, entropy is a feature, one which drives the evolution of life. Waste as president in you referenced material is a byproduct of an economy artificially stimulated by monetarist policy. In nature and by extension a deflationary economy waste is just another input not inefficient use of resources (I.e. waste = food.)

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
Adrian-x
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September 20, 2014, 03:46:09 PM
 #12452

the Bitcoin Virus won't stop replicating:



Someone over at blockchin reads this thread, that chart looks a lot more smooth.
Still this hashing increase is in my view is phenomenal.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
BeeTeeSea
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September 20, 2014, 03:49:28 PM
 #12453

True, we will see a 650 price before next year
cypherdoc
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September 20, 2014, 03:51:22 PM
 #12454

the Bitcoin Virus won't stop replicating:



Someone over at blockchin reads this thread, that chart looks a lot more smooth.
Still this hashing increase is in my view is phenomenal.

no, that's just me clicking on the 7d avg button instead.
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September 20, 2014, 04:00:40 PM
 #12455

top 10 nations for Bitcoin use via merchants/population:

http://cointelegraph.com/news/112561/top-10-nations-in-bitcoin-merchant-adoption

note:  i actually consider the US a laggard
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September 20, 2014, 04:02:09 PM
 #12456

BTC-e is gonna get squeezed
cypherdoc
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September 20, 2014, 04:15:42 PM
 #12457

yes, oh yes!
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September 20, 2014, 04:23:50 PM
 #12458

440 criticality incoming
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September 20, 2014, 04:52:52 PM
 #12459



Pay attention to the bulls balls of steel!

▂▃▅▇█▓▒░BTC-Cultist░▒▓█▇▅▃▂
Pruden
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September 20, 2014, 06:30:51 PM
 #12460

this is one disturbing piece of propaganda that has nothing to do with Bitcoin.  note the concept of trapping ppl into a digital cash system with negative interest rates.  this is Ken Rogoff's (Harvard economist) idea:

http://www.reddit.com/r/Bitcoin/comments/2gxr93/the_economist_the_benefits_of_getting_rid_of_cash/
And Larry Summers', who I get the impression (not only from this piece of propaganda) that he is a very appreciated idol in the US. He used to be the guy who was always right in the Clinton Administration, right?

http://www.businessinsider.com/larry-summers-imf-speech-on-the-zero-lower-bound-2013-11

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