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July 24, 2017, 12:46:22 AM *
News: Due to BIP91, it would starting now be prudent to require 5 times more confirmations than usual before trusting transactions.
 
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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 1935775 times)
brg444
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November 22, 2014, 01:16:55 AM
 #17861

would you prefer that Bitcoin particpate in the coming Currency Wars or get bogged down in trading SC speculative assets directly within the protocol?  remember, you want all this fiat to have to "buy in" to BTC, the currency unit:

Stocks denominated in and tradeable in BTC. Everybody wins.

You speak as if it can't accomodate both aspects. Stubbornly dishonest you are, cypher.

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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ayrusnethan
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November 22, 2014, 01:20:23 AM
 #17862

but it is not a significant change to invest on gold. Huh

BTC:- 1NE2nnBDA3f5Py4BqeE92Xzqdy7A5tvE6D
ssmc2
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November 22, 2014, 01:20:29 AM
 #17863


what's so frightening?  this is how we go to The Moon:

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2248419

Preserve Bitcoins Sound Money Function!!!

"In order to mitigate the potential impact of Bitcoin, the meaning of Article IV, Section 5 could be expanded to include digital currencies. Rather than limiting its scope to currencies used by colonies or overseas territories, the IMF could use Article IV Section 5 to label Bitcoin—or other digital currencies like it—a “separate currency.”159 As such, the IMF could require member nations to pay part of their subscription quota with Bitcoins.160 This would require member nations to purchase Bitcoins independently. They would then contribute that amount to the IMF’s general fund as part of their quota, receiving an amount of their own currency or special drawing rights equal to the value of the Bitcoins paid in exchange.161 In short, expanding the meaning of Article IV, Section 5 would grant the IMF a means of indirectly accumulating Bitcoins through its members."- from the paper quoted above

 Grin
cypherdoc
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November 22, 2014, 01:21:10 AM
 #17864

if $350 holds, bears need to look the hell out:

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November 22, 2014, 01:23:53 AM
 #17865

would you prefer that Bitcoin particpate in the coming Currency Wars or get bogged down in trading SC speculative assets directly within the protocol?  remember, you want all this fiat to have to "buy in" to BTC, the currency unit:

Stocks denominated in and tradeable in BTC. Everybody wins.

You speak as if it can't accomodate both aspects. Stubbornly dishonest you are, cypher.

no, the SC stocks would have their own market exchange prices in USD which would detract from that fiat going straight into the BTC currency unit itself.  they're dilutional to the BTC price.
ssmc2
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November 22, 2014, 01:25:18 AM
 #17866

would you prefer that Bitcoin particpate in the coming Currency Wars or get bogged down in trading SC speculative assets directly within the protocol?  remember, you want all this fiat to have to "buy in" to BTC, the currency unit:

Stocks denominated in and tradeable in BTC. Everybody wins.

You speak as if it can't accomodate both aspects. Stubbornly dishonest you are, cypher.

no, the SC stocks would have their own market exchange prices in USD which would detract from that fiat going straight into the BTC currency unit itself.  they're dilutional to the BTC price.

XCP would seem like the solution here.
brg444
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November 22, 2014, 01:35:37 AM
 #17867

would you prefer that Bitcoin particpate in the coming Currency Wars or get bogged down in trading SC speculative assets directly within the protocol?  remember, you want all this fiat to have to "buy in" to BTC, the currency unit:

Stocks denominated in and tradeable in BTC. Everybody wins.

You speak as if it can't accomodate both aspects. Stubbornly dishonest you are, cypher.

no, the SC stocks would have their own market exchange prices in USD which would detract from that fiat going straight into the BTC currency unit itself.  they're dilutional to the BTC price.

 Roll Eyes

How exactly do you propose that stocks be issued or bought in your schizo-utopia?


"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
cypherdoc
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November 22, 2014, 01:38:02 AM
 #17868

would you prefer that Bitcoin particpate in the coming Currency Wars or get bogged down in trading SC speculative assets directly within the protocol?  remember, you want all this fiat to have to "buy in" to BTC, the currency unit:

Stocks denominated in and tradeable in BTC. Everybody wins.

You speak as if it can't accomodate both aspects. Stubbornly dishonest you are, cypher.

no, the SC stocks would have their own market exchange prices in USD which would detract from that fiat going straight into the BTC currency unit itself.  they're dilutional to the BTC price.

 Roll Eyes

How exactly then do you propose that stocks be issued or bought in your schizo-utopia?



how the hell do i know?  Blockstream can't or won't issue a business plan.  it's up to them to figure out how to provide the 10x return to their $21M investor money by selling SC's to all manner of buyers including gvts.  remember?
brg444
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November 22, 2014, 01:40:36 AM
 #17869

would you prefer that Bitcoin particpate in the coming Currency Wars or get bogged down in trading SC speculative assets directly within the protocol?  remember, you want all this fiat to have to "buy in" to BTC, the currency unit:

Stocks denominated in and tradeable in BTC. Everybody wins.

You speak as if it can't accomodate both aspects. Stubbornly dishonest you are, cypher.

no, the SC stocks would have their own market exchange prices in USD which would detract from that fiat going straight into the BTC currency unit itself.  they're dilutional to the BTC price.

 Roll Eyes

How exactly then do you propose that stocks be issued or bought in your schizo-utopia?



how the hell do i know?  Blockstream can't or won't issue a business plan.  it's up to them to figure out how to provide the 10x return to their $21M investor money by selling SC's to all manner of buyers including gvts.  remember?

I was referring to your plan, genius.

When BTC wins and kills fiat currency. How do you trade stocks? Do they stop existing because they "dilute" BTC price?

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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November 22, 2014, 01:44:41 AM
 #17870

would you prefer that Bitcoin particpate in the coming Currency Wars or get bogged down in trading SC speculative assets directly within the protocol?  remember, you want all this fiat to have to "buy in" to BTC, the currency unit:

Stocks denominated in and tradeable in BTC. Everybody wins.

You speak as if it can't accomodate both aspects. Stubbornly dishonest you are, cypher.

no, the SC stocks would have their own market exchange prices in USD which would detract from that fiat going straight into the BTC currency unit itself.  they're dilutional to the BTC price.

 Roll Eyes

How exactly then do you propose that stocks be issued or bought in your schizo-utopia?



how the hell do i know?  Blockstream can't or won't issue a business plan.  it's up to them to figure out how to provide the 10x return to their $21M investor money by selling SC's to all manner of buyers including gvts.  remember?

I was referring to your plan, genius.

When BTC wins and kills fiat currency. How do you trade stocks? Do they stop existing because they "dilute" BTC price?

if Bitcoin ascends to the throne of global reserve currency, stock sales may be denominated in BTC.
brg444
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November 22, 2014, 01:48:41 AM
 #17871

would you prefer that Bitcoin particpate in the coming Currency Wars or get bogged down in trading SC speculative assets directly within the protocol?  remember, you want all this fiat to have to "buy in" to BTC, the currency unit:

Stocks denominated in and tradeable in BTC. Everybody wins.

You speak as if it can't accomodate both aspects. Stubbornly dishonest you are, cypher.

no, the SC stocks would have their own market exchange prices in USD which would detract from that fiat going straight into the BTC currency unit itself.  they're dilutional to the BTC price.

 Roll Eyes

How exactly then do you propose that stocks be issued or bought in your schizo-utopia?



how the hell do i know?  Blockstream can't or won't issue a business plan.  it's up to them to figure out how to provide the 10x return to their $21M investor money by selling SC's to all manner of buyers including gvts.  remember?

I was referring to your plan, genius.

When BTC wins and kills fiat currency. How do you trade stocks? Do they stop existing because they "dilute" BTC price?

if Bitcoin ascends to the throne of global reserve currency, stock sales may be denominated in BTC.

Sounds goods. Looks to me like sidechains could be the ideal crypto-platform for such BTC denominated stock market!

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
brg444
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November 22, 2014, 01:58:57 AM
 #17872

Did gold stop being "Sound Money" when promissary notes arised?

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
Erdogan
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November 22, 2014, 02:01:58 AM
 #17873

would you prefer that Bitcoin particpate in the coming Currency Wars or get bogged down in trading SC speculative assets directly within the protocol?  remember, you want all this fiat to have to "buy in" to BTC, the currency unit.

Bring On the Currency Wars

http://blogs.wsj.com/moneybeat/2014/11/21/bring-on-the-currency-wars/

Finding it hard to stimulate domestic demand through cheap credit in a world of rock bottom interest rates, the next best solution central bankers have settled on is to generate growth by boosting net exports. And the way to do that is to devalue their currencies.

Those Currency Wars are already underway. It's frightening to think of Bitcoin being "weaponised" as a tool in this regard. Imagine a govt acknowledged actively purchasing btc....

what's so frightening?  this is how we go to The Moon:

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2248419

Preserve Bitcoins Sound Money Function!!!

"It highlights the inability of the Fund to intervene in the event of a speculative attack on a currency by Bitcoin users."

Fear has begun, gentlemen.
cypherdoc
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November 22, 2014, 02:02:35 AM
 #17874

Did gold stop being "Sound Money" when promissary notes arised?

comparing gold to Bitcoin is like comparing a horse buggy to a Ferrari.
hdbuck
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November 22, 2014, 02:03:12 AM
 #17875

would you prefer that Bitcoin particpate in the coming Currency Wars or get bogged down in trading SC speculative assets directly within the protocol?  remember, you want all this fiat to have to "buy in" to BTC, the currency unit.

Bring On the Currency Wars

http://blogs.wsj.com/moneybeat/2014/11/21/bring-on-the-currency-wars/

Finding it hard to stimulate domestic demand through cheap credit in a world of rock bottom interest rates, the next best solution central bankers have settled on is to generate growth by boosting net exports. And the way to do that is to devalue their currencies.

Those Currency Wars are already underway. It's frightening to think of Bitcoin being "weaponised" as a tool in this regard. Imagine a govt acknowledged actively purchasing btc....

Bitcoin is not really weaponizable in that sense.  It is instead the disarming end of the conflict.
The war is more between the different central banks, and less between the governments.
That people confuse these sadly shows how much Bitcoin is a product of its time.
A country is not its currency.

hum poor me who thought that was precisely the case for the last couple milleniums.  or could it be the opposite? ^^
maybe we werent developped enough to grasp such novel concept but still you cant make such bold assertion seriously.
brg444
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November 22, 2014, 02:09:53 AM
 #17876

Did gold stop being "Sound Money" when promissary notes arised?

comparing gold to Bitcoin is like comparing a horse buggy to a Ferrari.

I don't know. I'm just playing the empathy card and placing myself in your clown shoes. Huh

Maybe then I can understand your SC breaks BTC "Sound Money" theory


"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
cypherdoc
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November 22, 2014, 02:18:42 AM
 #17877

would you prefer that Bitcoin particpate in the coming Currency Wars or get bogged down in trading SC speculative assets directly within the protocol?  remember, you want all this fiat to have to "buy in" to BTC, the currency unit:

Stocks denominated in and tradeable in BTC. Everybody wins.

You speak as if it can't accomodate both aspects. Stubbornly dishonest you are, cypher.

no, the SC stocks would have their own market exchange prices in USD which would detract from that fiat going straight into the BTC currency unit itself.  they're dilutional to the BTC price.

 Roll Eyes

How exactly then do you propose that stocks be issued or bought in your schizo-utopia?



how the hell do i know?  Blockstream can't or won't issue a business plan.  it's up to them to figure out how to provide the 10x return to their $21M investor money by selling SC's to all manner of buyers including gvts.  remember?

I was referring to your plan, genius.

When BTC wins and kills fiat currency. How do you trade stocks? Do they stop existing because they "dilute" BTC price?

if Bitcoin ascends to the throne of global reserve currency, stock sales may be denominated in BTC.

Sounds goods. Looks to me like sidechains could be the ideal crypto-platform for such BTC denominated stock market!

there is no way in hell Wall St would ever market their stocks on a SC before Bitcoin assumes the role of a real worldwide accepted digital currency traded on Forex.  the only way Bitcoin can do that is to remain focused on its sound money function solely, as it is now.

i've said for many years that all this development being wasted on platforms for stocks, bonds, insurance, contracts, altcoins etc is ludicrous and as a result, most investors in the cryptocurrency space will lose money.  it looks like another $21M might just go down the drain.

and that is how you tell we are NOT in a bubble.
cypherdoc
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November 22, 2014, 02:21:29 AM
 #17878

Did gold stop being "Sound Money" when promissary notes arised?

comparing gold to Bitcoin is like comparing a horse buggy to a Ferrari.

I don't know. I'm just playing the empathy card and placing myself in your clown shoes. Huh

Maybe then I can understand your SC breaks BTC "Sound Money" theory



hey molecular and sickpig.  brg444 and Odalv keep calling me names!!! waaaaaaaa:

traderCJ
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November 22, 2014, 02:44:56 AM
 #17879

Did gold stop being "Sound Money" when promissary notes arised?

comparing gold to Bitcoin is like comparing a horse buggy to a Ferrari.

Lol, or like comparing real estate to a picture of real estate.
NewLiberty
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November 22, 2014, 03:25:54 AM
 #17880

would you prefer that Bitcoin particpate in the coming Currency Wars or get bogged down in trading SC speculative assets directly within the protocol?  remember, you want all this fiat to have to "buy in" to BTC, the currency unit.

Bring On the Currency Wars

http://blogs.wsj.com/moneybeat/2014/11/21/bring-on-the-currency-wars/

Finding it hard to stimulate domestic demand through cheap credit in a world of rock bottom interest rates, the next best solution central bankers have settled on is to generate growth by boosting net exports. And the way to do that is to devalue their currencies.

Those Currency Wars are already underway. It's frightening to think of Bitcoin being "weaponised" as a tool in this regard. Imagine a govt acknowledged actively purchasing btc....

Bitcoin is not really weaponizable in that sense.  It is instead the disarming end of the conflict.
The war is more between the different central banks, and less between the governments.
That people confuse these sadly shows how much Bitcoin is a product of its time.
A country is not its currency.

hum poor me who thought that was precisely the case for the last couple milleniums.  or could it be the opposite? ^^
maybe we werent developped enough to grasp such novel concept but still you cant make such bold assertion seriously.

A country is not its currency.
The USA is on its 3rd central bank.  (Not including the civil war greenback or the confederate script.)  Abolishing the CBs has never been easy.  Few people alive today remember a time when free of such.
As a nation the US struggled against the establishment of government banks repeatedly.  For the last 100 years that struggle has failed.

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
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