Gold collapsing. Bitcoin UP.

[cypherdoc]

here we have a peek that Bitcoin may in fact sneek in the backdoor and become the world's reserve currency unbeknownst to the IMF and banksters.  they are adopting the Andreas way of looking at Bitcoin (the currency as simply the first app), which i still maintain is fundamentally in error:

There was recognition that such protocols could serve as an “initial layer” upon which platforms of fully blown payment systems could be built.

http://www.coindesk.com/imf-world-bank-panellists-discuss-block-chains-potential/

let them start building and come to the realization that the blockchain can't work w/o the currency.

Not just the first app, the foundation app.

that's a much better way to put it.

[1714198467]

1714198467

[1714198467]

1714198467

[cypherdoc]

here we have a peek that Bitcoin may in fact sneek in the backdoor and become the world's reserve currency unbeknownst to the IMF and banksters. 

Linux - servers - Android

yep, such an elegant progression.

[cypherdoc]

[bitrider]

Hey Cypher - looks to me like the gold/btc correlation is pretty strongly positive. Even over months + time frame. Look different to you? Is this just due to dollar moves or more fundamental?

[sidhujag]

Hey Cypher - looks to me like the gold/btc correlation is pretty strongly positive. Even over months + time frame. Look different to you? Is this just due to dollar moves or more fundamental?

bitcoin acting as a safe haven its a great sign that trust is growing amongst the elite

[cypherdoc]

https://twitter.com/cypherdoc2/status/522066278740422656

[FNG]

"Bitcoin, the currency, is a risky investment. But the potential of technologies that underpin it to disrupt the finance sector is looking like a safe bet. "

http://www.economistinsights.com/technology-innovation/analysis/money-no-middleman/tab/1

Therefor..bitcoin is a safebet.

[thezerg]

here we have a peek that Bitcoin may in fact sneek in the backdoor and become the world's reserve currency unbeknownst to the IMF and banksters.  they are adopting the Andreas way of looking at Bitcoin (the currency as simply the first app), which i still maintain is fundamentally in error:

There was recognition that such protocols could serve as an “initial layer” upon which platforms of fully blown payment systems could be built.

http://www.coindesk.com/imf-world-bank-panellists-discuss-block-chains-potential/

let them start building and come to the realization that the blockchain can't work w/o the currency.

Not just the first app, the foundation app.

that's a much better way to put it.

LOL @ esperanto.  there are SOME small differences... like being able to accept Bitcoin using your phone in about 5 min.  Compare that to learning esperanto (2+ years), or even accepting a credit card (a week+ for the signup & to receive the reader, etc).

[Melbustus]

"Bitcoin, the currency, is a risky investment. But the potential of technologies that underpin it to disrupt the finance sector is looking like a safe bet. "

http://www.economistinsights.com/technology-innovation/analysis/money-no-middleman/tab/1

Therefor..bitcoin is a safebet.

This is yet another instance of the common misunderstanding among finance/econ people that the currency and the blockchain are separable.

But it's good that these people are seeing value in "the underlying technology". They did not 2 years ago.

And I suspect that sometime in the next 2 years or so, it's going to dawn on a lot of these people that you can't use the technology without the unit/currency.

[NewLiberty]

here we have a peek that Bitcoin may in fact sneek in the backdoor and become the world's reserve currency unbeknownst to the IMF and banksters.  they are adopting the Andreas way of looking at Bitcoin (the currency as simply the first app), which i still maintain is fundamentally in error:

There was recognition that such protocols could serve as an “initial layer” upon which platforms of fully blown payment systems could be built.

http://www.coindesk.com/imf-world-bank-panellists-discuss-block-chains-potential/

let them start building and come to the realization that the blockchain can't work w/o the currency.

Not just the first app, the foundation app.

that's a much better way to put it.

LOL @ esperanto.  there are SOME small differences... like being able to accept Bitcoin using your phone in about 5 min.  Compare that to learning esperanto (2+ years), or even accepting a credit card (a week+ for the signup & to receive the reader, etc).

This is a wonderful experience that I repeat as often as I can.  I tend to wear some bitcoin bling most of the time.  A key chain, a pin, something.
I get a question about it from a stranger.  Rather than answer, I offer to show them.

"Do you have a phone?  A smart phone?"

And it goes from there.  5 minutes later, they have some bitcoin, and something to show off to their friends.
They are hooked.

[cypherdoc]

"Bitcoin, the currency, is a risky investment. But the potential of technologies that underpin it to disrupt the finance sector is looking like a safe bet. "

http://www.economistinsights.com/technology-innovation/analysis/money-no-middleman/tab/1

Therefor..bitcoin is a safebet.

This is yet another instance of the common misunderstanding among finance/econ people that the currency and the blockchain are separable.

But it's good that these people are seeing value in "the underlying technology". They did not 2 years ago.

And I suspect that sometime in the next 2 years or so, it's going to dawn on a lot of these people that you can't use the technology without the unit/currency.

and then we win.

[hdbuck]

The way i see it:

Bitcoin's disruptive app: blockchain
Bitcoin's fondamental app: unit of account
Bitcoin's killer app: decentralized trustlessness

Combined, these somehow reminds me of the Trinity: the Father, the Son and the Holy Spirit. Bond together. Forever.

[Bagatell]

"Bitcoin, the currency, is a risky investment. But the potential of technologies that underpin it to disrupt the finance sector is looking like a safe bet. "

http://www.economistinsights.com/technology-innovation/analysis/money-no-middleman/tab/1

Therefor..bitcoin is a safebet.

This is yet another instance of the common misunderstanding among finance/econ people that the currency and the blockchain are separable.

But it's good that these people are seeing value in "the underlying technology". They did not 2 years ago.

And I suspect that sometime in the next 2 years or so, it's going to dawn on a lot of these people that you can't use the technology without the unit/currency.

and then we win.

They won't even notice. They prefer the shiny stuff.

[FNG]

"Bitcoin, the currency, is a risky investment. But the potential of technologies that underpin it to disrupt the finance sector is looking like a safe bet. "

http://www.economistinsights.com/technology-innovation/analysis/money-no-middleman/tab/1

Therefor..bitcoin is a safebet.

This is yet another instance of the common misunderstanding among finance/econ people that the currency and the blockchain are separable.

But it's good that these people are seeing value in "the underlying technology". They did not 2 years ago.

And I suspect that sometime in the next 2 years or so, it's going to dawn on a lot of these people that you can't use the technology without the unit/currency.

Agreed. But I think it's going to happen a lot faster. Once you see value in the underlying technology it's only a matter of time before you tie things together. The world is now getting condition that the blockchain is amazing..and bitcoin..well it's just an app that may or may not survive. It shouldn't take long to flip the switch and realize that bitcoin's value makes the blockchain work.

I like what I'm seeing..just need a "AHA" moment before the masses rush in. The infrastructure is getting to the point where it's almost capable of handling the rush.

[Erdogan]

here we have a peek that Bitcoin may in fact sneek in the backdoor and become the world's reserve currency unbeknownst to the IMF and banksters.  they are adopting the Andreas way of looking at Bitcoin (the currency as simply the first app), which i still maintain is fundamentally in error:

There was recognition that such protocols could serve as an “initial layer” upon which platforms of fully blown payment systems could be built.

http://www.coindesk.com/imf-world-bank-panellists-discuss-block-chains-potential/

let them start building and come to the realization that the blockchain can't work w/o the currency.

Not just the first app, the foundation app.

If you ask me, the only app. Other app types may have a need for distribution and security, but that could have been (and have been) done before nakamotos whitepaper. The money is the invention, an invention that the world sorely needs.

[cypherdoc]

"Bitcoin, the currency, is a risky investment. But the potential of technologies that underpin it to disrupt the finance sector is looking like a safe bet. "

http://www.economistinsights.com/technology-innovation/analysis/money-no-middleman/tab/1

Therefor..bitcoin is a safebet.

This is yet another instance of the common misunderstanding among finance/econ people that the currency and the blockchain are separable.

But it's good that these people are seeing value in "the underlying technology". They did not 2 years ago.

And I suspect that sometime in the next 2 years or so, it's going to dawn on a lot of these people that you can't use the technology without the unit/currency.

Agreed. But I think it's going to happen a lot faster. Once you see value in the underlying technology it's only a matter of time before you tie things together. The world is now getting condition that the blockchain is amazing..and bitcoin..well it's just an app that may or may not survive. It shouldn't take long to flip the switch and realize that bitcoin's value makes the blockchain work.

I like what I'm seeing..just need a "AHA" moment before the masses rush in. The infrastructure is getting to the point where it's almost capable of handling the rush.

yeah, i think you're right.  especially with all of us pounding the education drum.  and you know banker-types are trawling this very forum.

another key point is that 275 appears to be the bottom for this protracted bear.  as we grind higher, the financially astute will start to take notice yet again and put 2 and 2 together.

[thezerg]

"Bitcoin, the currency, is a risky investment. But the potential of technologies that underpin it to disrupt the finance sector is looking like a safe bet. "

http://www.economistinsights.com/technology-innovation/analysis/money-no-middleman/tab/1

Therefor..bitcoin is a safebet.

This is yet another instance of the common misunderstanding among finance/econ people that the currency and the blockchain are separable.

But it's good that these people are seeing value in "the underlying technology". They did not 2 years ago.

And I suspect that sometime in the next 2 years or so, it's going to dawn on a lot of these people that you can't use the technology without the unit/currency.

and then we win.

I am so confused in this world of race-to-the-QE-bottom, and where US, EU, China, Russia pairs have serious trust issues why these IMF economists don't realize that Bitcoin the currency is the only solution.  Even a currency backed by gold fails because gold must sit in a vault in some country and could be filled with tungsten rods as soon as the inspector is gone.  In fact, its so obvious that I think these guys are actually using blockchain-as-a-technology as a way to assess sentiment.  There is either going to be NO global currency, or its going to be bitcoin...

[notme]

"Bitcoin, the currency, is a risky investment. But the potential of technologies that underpin it to disrupt the finance sector is looking like a safe bet. "

http://www.economistinsights.com/technology-innovation/analysis/money-no-middleman/tab/1

Therefor..bitcoin is a safebet.

This is yet another instance of the common misunderstanding among finance/econ people that the currency and the blockchain are separable.

But it's good that these people are seeing value in "the underlying technology". They did not 2 years ago.

And I suspect that sometime in the next 2 years or so, it's going to dawn on a lot of these people that you can't use the technology without the unit/currency.

Agreed. But I think it's going to happen a lot faster. Once you see value in the underlying technology it's only a matter of time before you tie things together. The world is now getting condition that the blockchain is amazing..and bitcoin..well it's just an app that may or may not survive. It shouldn't take long to flip the switch and realize that bitcoin's value makes the blockchain work.

I like what I'm seeing..just need a "AHA" moment before the masses rush in. The infrastructure is getting to the point where it's almost capable of handling the rush.

The infrastructure is better, but not there yet.  There are also certain segments of the population that will rush in before others.  Full adoption could take a few decades.  A first objection I often hear is that people don't want smartphones.  Sure, you could do an sms wallet, but is there one that legally operates in the US?

[thezerg]

here we have a peek that Bitcoin may in fact sneek in the backdoor and become the world's reserve currency unbeknownst to the IMF and banksters.  they are adopting the Andreas way of looking at Bitcoin (the currency as simply the first app), which i still maintain is fundamentally in error:

There was recognition that such protocols could serve as an “initial layer” upon which platforms of fully blown payment systems could be built.

http://www.coindesk.com/imf-world-bank-panellists-discuss-block-chains-potential/

let them start building and come to the realization that the blockchain can't work w/o the currency.

Not just the first app, the foundation app.

that's a much better way to put it.

LOL @ esperanto.  there are SOME small differences... like being able to accept Bitcoin using your phone in about 5 min.  Compare that to learning esperanto (2+ years), or even accepting a credit card (a week+ for the signup & to receive the reader, etc).

This is a wonderful experience that I repeat as often as I can.  I tend to wear some bitcoin bling most of the time.  A key chain, a pin, something.
I get a question about it from a stranger.  Rather than answer, I offer to show them.

"Do you have a phone?  A smart phone?"

And it goes from there.  5 minutes later, they have some bitcoin, and something to show off to their friends.
They are hooked.

I need some Bitcoin bling.  I need a tee that says "Ask me about BTC" or "I'll sell you some BTC".  I don't want some politically edgy slogan, and I don't want to pay $25 + shipping for a $5 shirt.  Same for keychain or pin.  What did you buy?

[FNG]

"Bitcoin, the currency, is a risky investment. But the potential of technologies that underpin it to disrupt the finance sector is looking like a safe bet. "

http://www.economistinsights.com/technology-innovation/analysis/money-no-middleman/tab/1

Therefor..bitcoin is a safebet.

This is yet another instance of the common misunderstanding among finance/econ people that the currency and the blockchain are separable.

But it's good that these people are seeing value in "the underlying technology". They did not 2 years ago.

And I suspect that sometime in the next 2 years or so, it's going to dawn on a lot of these people that you can't use the technology without the unit/currency.

Agreed. But I think it's going to happen a lot faster. Once you see value in the underlying technology it's only a matter of time before you tie things together. The world is now getting condition that the blockchain is amazing..and bitcoin..well it's just an app that may or may not survive. It shouldn't take long to flip the switch and realize that bitcoin's value makes the blockchain work.

I like what I'm seeing..just need a "AHA" moment before the masses rush in. The infrastructure is getting to the point where it's almost capable of handling the rush.

yeah, i think you're right.  especially with all of us pounding the education drum.  and you know banker-types are trawling this very forum.

another key point is that 275 appears to be the bottom for this protracted bear.  as we grind higher, the financially astute will start to take notice yet again and put 2 and 2 together.

The bitcoin price is now being covered by mass media. The love a climbing price so imo if we break into the 500's in the next 1-2 weeks we'll begin a huge rally off of the new found understanding of bitcoin and purely for the fact that we're going up...and we're much lower than where we came from.

When people on cnbc are recommending bitcoin and their picks blow the other picks out of the water..people start listening

http://www.cnbc.com/id/102078625