Gold collapsing. Bitcoin UP.

[cypherdoc]

huge outside reversal candle smackdown in oil.  no economic growth here.

ah yes, the sweet smell of Deflation:

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[Bagatell]

ok, this is very cool and important.

http://www.npr.org/blogs/alltechconsidered/2014/09/29/352476454/how-hong-kong-protesters-are-connecting-without-cell-or-wi-fi-networks

"Mesh networks are an especially resilient tool because there's no easy way for a government to shut them down. They can't just block cell reception or a site address. Mesh networks are like Voldemort after he split his soul into horcruxes (only not evil). Destroying one part won't kill it unless you destroy each point of access; someone would have to turn off Bluetooth on every phone using FireChat to completely break the connection. This hard-to-break connection isn't super important for casual chats, but during tense political showdowns, it could be a lifeline."

i can't wait for BitcoinCard or something similar to come along and give us the option to connect via Mesh Networking.

They can still shut it down fairly easily by strongly broadcasting noise on the frequencies used.  That technique can knock out Bluetooth or any other wireless communications in a fairly large area with a small transmitter.  Bluetooth is particularly vulnerable since it is so low power in the first place.

If we look at details then it is quite easy to find and destroy ONE small transmitter.

"They rose their capacitative screens to the sky, unwinking eyes recording history."

http://www.reddit.com/r/Bitcoin/comments/2hwzgk/protestors_are_using_using_a_p2p_mesh_network/

[Odalv]

ok, this is very cool and important.

http://www.npr.org/blogs/alltechconsidered/2014/09/29/352476454/how-hong-kong-protesters-are-connecting-without-cell-or-wi-fi-networks

"Mesh networks are an especially resilient tool because there's no easy way for a government to shut them down. They can't just block cell reception or a site address. Mesh networks are like Voldemort after he split his soul into horcruxes (only not evil). Destroying one part won't kill it unless you destroy each point of access; someone would have to turn off Bluetooth on every phone using FireChat to completely break the connection. This hard-to-break connection isn't super important for casual chats, but during tense political showdowns, it could be a lifeline."

i can't wait for BitcoinCard or something similar to come along and give us the option to connect via Mesh Networking.

They can still shut it down fairly easily by strongly broadcasting noise on the frequencies used.  That technique can knock out Bluetooth or any other wireless communications in a fairly large area with a small transmitter.  Bluetooth is particularly vulnerable since it is so low power in the first place.

If we look at details then it is quite easy to find and destroy ONE small transmitter.

"They rose their capacitative screens to the sky, unwinking eyes recording history."

http://www.reddit.com/r/Bitcoin/comments/2hwzgk/protestors_are_using_using_a_p2p_mesh_network/

I'm not sure, you can even imagine life in slavery as it is in china or north korea.

[justusranvier]

we're sorry Justus.  please don't get mad at us.

if you hurry, you still might snatch some.

...doesn't work that way. I send an CHF-denominated invoice on the last day of the month and get paid in btc based on the daily average exchange rate as of the invoice date.

Invoicing tomorrow...

[cypherdoc]

"They rose their capacitative screens to the sky, unwinking eyes recording history."

breathe in ... ah yes:

┗(°0°)┛ ^..○

[NewLiberty]

we're sorry Justus.  please don't get mad at us.

if you hurry, you still might snatch some.

...doesn't work that way. I send an CHF-denominated invoice on the last day of the month and get paid in btc based on the daily average exchange rate as of the invoice date.

Invoicing tomorrow...

Better tomorrow than the day after.  And it is tomorrow sooner there than most places.

[dEBRUYNE]

I came across this in the Wall Observer thread, pretty interesting watch.

https://www.youtube.com/watch?v=tQBia1Mw9Vw

[cypherdoc]

Nick Szabo on monetary origins; collectibles

http://unenumerated.blogspot.co.uk/2006/06/menger-on-money-right-and-wrong.html

[sidhujag]

We all know its going to happen, the collapse will lead to a run on banks and a run towards things like gold and bitcoin.. however its just timing that we have to get right.. if bitcoin is stable or you dont care about paying the bills with bitcoin then get in now... and reap benefits later.

[cypherdoc]

We all know its going to happen, the collapse will lead to a run on banks and a run towards things like gold and bitcoin.. however its just timing that we have to get right.. if bitcoin is stable or you dont care about paying the bills with bitcoin then get in now... and reap benefits later.

me hoover up

[World]

PayPal got kicked out of Apple Pay for partnering with Samsung
http://www.cultofmac.com/298339/paypals-snubbed-apple-pay-partners-list-samsung-deal

[sidhujag]

PayPal got kicked out of Apple Pay for partnering with Samsung
http://www.cultofmac.com/298339/paypals-snubbed-apple-pay-partners-list-samsung-deal

Thats prob why they use bitcoin because apple pay offers it too.

[sidhujag]

Do you guys think that the China FUD about banning bitcoin was the gov't on purpose while hoarding cheap coins because they know that US won't be able to repay bonds and silver/gold leases? I think out of the large supply of USD they hold which is trillions of $, a small % (maybe a few billion $) is being used to buy btc secretly so that when the time comes china can simply say we will price things in bitcoin since we know that the trade between gold and USD will probably be fixed or collapse when USD defaults. Bitcoin only has a fixed supply and by buying it cheap with USD while its worth something they can effectively gain ultimate purchasing power by getting first mover advantage and have things priced in bitcoins when the day comes (as a hedge if it ever comes to that?)... would explain the large volume out of China ever since last year... as they probably learned we were close to the end of PM manipulation.

[World]

My opinion.It happened when BTC hit gold parity.Some big players did not like it.

[boumalo]

Do you guys think that the China FUD about banning bitcoin was the gov't on purpose while hoarding cheap coins because they know that US won't be able to repay bonds and silver/gold leases? I think out of the large supply of USD they hold which is trillions of $, a small % (maybe a few billion $) is being used to buy btc secretly so that when the time comes china can simply say we will price things in bitcoin since we know that the trade between gold and USD will probably be fixed or collapse when USD defaults. Bitcoin only has a fixed supply and by buying it cheap with USD while its worth something they can effectively gain ultimate purchasing power by getting first mover advantage and have things priced in bitcoins when the day comes (as a hedge if it ever comes to that?)... would explain the large volume out of China ever since last year... as they probably learned we were close to the end of PM manipulation.

NO

The plan of China is working, the Yuan will become huge in trade exchange, they are buying a lot of Gold and they will be the first world economy very soon because they are a nation of hard workers, savers and producers; a bit like the States before but without the political freedom

[cypherdoc]

China is positioned very well in the Bitcoin space. With several of the largest exchanges and probably most of the largest mines, they have the potential to control much of the Bitcoin Economy. But it will need to come with higher freedoms for their people which I'm not so sure they're willing to give. It'll be really interesting to see how they respond to this Hong Kong issue. I hope they don't clamp down and do something rash.

Considering the gvt wants to make alot of money, maybe it'll work out. It's the power tripping we need to watch out for.

[cypherdoc]

"So banks could, for example, make intra-banking transfers more efficient and cheaper by using block chain technology at the transport layer, with the SWIFT messaging system on top. (SWIFT is the global organization that each day handles financial transactions such as wire transfers for more than 9,000 banks).

Many are reviewing the technology. Citi says it is evaluating Bitcoin and the block chain. So is Israel’s Bank Hapoalim. “We are starting to think what exactly we can do with this,” says Gigi Ashkenazi, the Israeli bank’s chief technology officer. “We can’t ignore it, but regulation is very strict. It’s a Catch-22.”

http://www.informilo.com/2014/09/banks-can-cash-bitcoin/

[zeetubes]

Do you guys think that the China FUD about banning bitcoin was the gov't on purpose while hoarding cheap coins because they know that US won't be able to repay bonds and silver/gold leases? I think out of the large supply of USD they hold which is trillions of $, a small % (maybe a few billion $) is being used to buy btc secretly so that when the time comes china can simply say we will price things in bitcoin since we know that the trade between gold and USD will probably be fixed or collapse when USD defaults. Bitcoin only has a fixed supply and by buying it cheap with USD while its worth something they can effectively gain ultimate purchasing power by getting first mover advantage and have things priced in bitcoins when the day comes (as a hedge if it ever comes to that?)... would explain the large volume out of China ever since last year... as they probably learned we were close to the end of PM manipulation.

That's an intriguing thought. The chinese government currently buys up most of their in-country gold mining output, so would they do the same with their btc miners? The government put out a fair amount of negative "don't use bitcoin" comments over the last year but then they go ahead and allow huge mining operations.

[notme]

ok, this is very cool and important.

http://www.npr.org/blogs/alltechconsidered/2014/09/29/352476454/how-hong-kong-protesters-are-connecting-without-cell-or-wi-fi-networks

"Mesh networks are an especially resilient tool because there's no easy way for a government to shut them down. They can't just block cell reception or a site address. Mesh networks are like Voldemort after he split his soul into horcruxes (only not evil). Destroying one part won't kill it unless you destroy each point of access; someone would have to turn off Bluetooth on every phone using FireChat to completely break the connection. This hard-to-break connection isn't super important for casual chats, but during tense political showdowns, it could be a lifeline."

i can't wait for BitcoinCard or something similar to come along and give us the option to connect via Mesh Networking.

They can still shut it down fairly easily by strongly broadcasting noise on the frequencies used.  That technique can knock out Bluetooth or any other wireless communications in a fairly large area with a small transmitter.  Bluetooth is particularly vulnerable since it is so low power in the first place.

If we look at details then it is quite easy to find and destroy ONE small transmitter.

And now you have destroyed government property.  Congratulations, you just upgraded your peaceful protesters to enemies of the state.

[justusranvier]

https://privacysos.org/node/1009