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Question: Will you support Gavin's new block size limit hard fork of 8MB by January 1, 2016 then doubling every 2 years?
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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1806922 times)
cypherdoc
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September 23, 2014, 06:01:44 PM
 #12601

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FNG
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September 23, 2014, 06:03:01 PM
 #12602


this could easily spark a bottom for the almost 10 mo bear mkt.  the market can only be so stupid for so long in the face of all this good news.
paypal + coinbase + bitpay + GABI buying + Overstock hiring bitcoin devs + wtf else do we need for people to figure out bitcoin is becoming a thing...and a more efficient thing means 100's of billions in marketcap..in the not too distant future
cypherdoc
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September 23, 2014, 06:03:35 PM
 #12603

cypherdoc
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September 23, 2014, 06:09:00 PM
 #12604

i love short squeezes Cheesy
justusranvier
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September 23, 2014, 06:10:10 PM
 #12605

https://twitter.com/Bitstein/status/514451207696678912
damnek
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September 23, 2014, 06:11:24 PM
 #12606


they stuck their necks out and got their heads chopped off

Be a voice, not an echo
notme
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September 23, 2014, 06:13:08 PM
 #12607

i love short squeezes Cheesy

The squeeze hasn't even started yet, 11,227.90 BTC still lent out on bitfinex.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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superresistant
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September 23, 2014, 06:13:35 PM
 #12608

 
Panic buy time.



justusranvier
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September 23, 2014, 06:20:35 PM
 #12609

they stuck their necks out and got their heads chopped off
At least they'll be immortalized forever.

http://nakamotoinstitute.org/the-skeptics/
FNG
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September 23, 2014, 06:22:07 PM
 #12610

Shorts getting scared.   Grin
notme
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September 23, 2014, 06:40:28 PM
 #12611

i love short squeezes Cheesy

The squeeze hasn't even started yet, 11,227.90 BTC still lent out on bitfinex.

Shorts increasing, now at 11,325.44 BTC.  This is going to be fun Smiley.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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HeliKopterBen
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September 23, 2014, 06:44:00 PM
 #12612

Nice 14% rally in 60min.

Counterfeit:  made in imitation of something else with intent to deceive:  merriam-webster
NewLiberty
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September 23, 2014, 06:48:43 PM
 #12613


FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
Bulk premiums as low as .0012 BTC "BETTER, MORE COLLECTIBLE, AND CHEAPER THAN SILVER EAGLES" 1Free of Government
molecular
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September 23, 2014, 06:51:27 PM
 #12614

aye caramba!

just got home... what's the gist?

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September 23, 2014, 06:53:16 PM
 #12615

lol, wtf. the shorts on finex are still there in their full 11k beauty...?!? wouldn't have thought.

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September 23, 2014, 06:56:59 PM
 #12616

lol, wtf. the shorts on finex are still there in their full 11k beauty...?!? wouldn't have thought.


bears have gained hubris, time to slaughter

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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ErisDiscordia
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Imposition of ORder = Escalation of Chaos


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September 23, 2014, 07:04:58 PM
 #12617


Engineers vs.Thugs: the Power of Bitcoin, Cryptography &Tech

https://www.youtube.com/watch?v=KybZAEm0stY

wow thanks for this! That was one of the most refreshing perspectives I've heard in a while.

It's all bullshit. But bullshit makes the flowers grow and that's beautiful.
arxwn
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SatoshiHunter


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September 23, 2014, 07:09:31 PM
 #12618

A floating abstraction based on force and politics is loosing value relatively to a rational and mathematically secure tool of value exchange.
Yes seems plausible and inevitable !!!


The Best Slots Experience @ SatoshiHunt

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thezerg
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September 23, 2014, 07:11:16 PM
 #12619

lol, wtf. the shorts on finex are still there in their full 11k beauty...?!? wouldn't have thought.


This is awesome because it shows that this wasn't a covering rally like the last one.

RE: digital money beating gold.  Cypherdoc I think that this is one of the smartest things you've said on this forum so far.  You observed that digital money makes transmission instant and therefore can be deployed rapidly to calm panics, etc.  That is, the physical act of deployment can happen quickly.  

I'd like to extend this a tidbit to also observe that unbacked money has the advantage that social/political advantage that the decision to transfer can be made quickly and in a centralized fashion.  That is, deciding to pull gold out of Fort Knox and send it to god knows where would probably require an act of congress and freak out the general public.  But telling some bank that they can add a couple of zeros to their balance sheet, especially given that that money needs to STAY on the balance sheet to meet additional solvency regulations, seems to be done by a couple of people sitting in a conf room with no oversight or public knowledge of the situation.  This may not be GOOD, but it let fiat beat gold...
justusranvier
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September 23, 2014, 07:15:26 PM
 #12620

RE: digital money beating gold.
If it wasn't for the religion of gold throwing so many smokescreens up around the issue, it would be generally considered as obvious as the fact that the internal combustion engine beat horses as a transportation provider.
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