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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2032123 times)
BlindMayorBitcorn
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December 12, 2014, 02:18:43 AM
 #18621

Can anybody take credit for this? I snipped it without the author. Pretty sure I got it here.

"Gold's chemical, electrical, and even some of its physical properties make it such that its rarity is the only thing keeping humans from using it in a variety of ways on a daily basis.

If gold were as common as dirt, it would be coating our flatware; inside our electronics (much more so than now!); adorning our books, paintings and clothing; inside our bodies (teeth, metal plates and rods, etc.); within most places of manufacture; and would just generally be the second most-used metal next to iron.

Gold's intrinsic value is why it became desirous enough to start being used as money in the first place."

Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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lunarboy
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December 12, 2014, 03:13:27 AM
 #18622

some highlights from the latest budget deal

Quote
As presented earlier in the week, the 1,600 page bill also includes a number of provisions intended to gain votes from both parties, including:



  • increasing the amount an individual person can contribute to a national political party from $32,400 to $324,000
  • blocks the District of Columbia from using its own funds to set up regulatory systems for marijuana legalisation
  • measures that would significantly weaken new regulations about risky financial instruments called swaps
  • blocking certain Environmental Protection Agency (EPA) regulations
  • cuts in the budgets of the EPA and the US tax agency
  • increases in the budget for Wall Street regulation agencies, including the Securities and Exchange Commission.




http://www.bbc.com/news/world-us-canada-30443960

its official USA Oligarchy corp is running this ship aground. Where are the lifeboats kept?
Adrian-x
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December 12, 2014, 04:03:35 AM
 #18623

some highlights from the latest budget deal

Quote
As presented earlier in the week, the 1,600 page bill also includes a number of provisions intended to gain votes from both parties, including:



  • increasing the amount an individual person can contribute to a national political party from $32,400 to $324,000
  • blocks the District of Columbia from using its own funds to set up regulatory systems for marijuana legalisation
  • measures that would significantly weaken new regulations about risky financial instruments called swaps
  • blocking certain Environmental Protection Agency (EPA) regulations
  • cuts in the budgets of the EPA and the US tax agency
  • increases in the budget for Wall Street regulation agencies, including the Securities and Exchange Commission.


http://www.bbc.com/news/world-us-canada-30443960

its official USA Oligarchy corp is running this ship aground. Where are the lifeboats kept?

Survival kits on there way.
http://goldsilver.com/news/treasury-department-seeking-survival-kits-for-bank-employees/

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
BldSwtTrs
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December 12, 2014, 05:57:35 AM
 #18624

Cypherdoc, apparently Nick Szabo disagree with you and think blockchains will be useful for something else than money: http://unenumerated.blogspot.fr/2014/12/the-dawn-of-trustworthy-computing.html

It's also worth noting this part, which seems to target PoS coins:
Many other decentralized or peer-to-peer (P2P) technologies do not provide anything close to the security and reliability provided by a block chain protected by full Byzantine or Nakamoto consensus and cryptographic hash chains, but deceptively style themselves as block chains or cryptocurrency.
cypherdoc (OP)
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December 12, 2014, 06:10:42 AM
 #18625

Cypherdoc, apparently Nick Szabo disagree with you and think blockchains will be useful for something else than money: http://unenumerated.blogspot.fr/2014/12/the-dawn-of-trustworthy-computing.html

It's also worth noting this part, which seems to target PoS coins:
Many other decentralized or peer-to-peer (P2P) technologies do not provide anything close to the security and reliability provided by a block chain protected by full Byzantine or Nakamoto consensus and cryptographic hash chains, but deceptively style themselves as block chains or cryptocurrency.


yep.  lots of ppl do.  i won't/can't say i'm right as no one can see the future with perfect clarity.  i can only express my opinions, so take them with a grain of salt.

one thing i have noticed over the years though is that computer scientists and researchers don't have a lock on the knowledge and understanding of what Bitcoin is and what it might become.
molecular
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December 12, 2014, 07:09:31 AM
 #18626

I was on the fence about buying a new Xbox.

This settles it.  Merry Christmas!

I didn't have a console, ever. I quit playing computer games at some point.

I think I might get a TV or projector and a steam box.

When is steam going to accept Bitcoin? Now that would imply a rocket.

(I know one can buy steam games with bitcoin through 3rd parties, that's not what I mean).

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
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December 12, 2014, 07:10:42 AM
 #18627

Congrats to BitPay for bringing Microsoft into the fold.

Actually from their press release it sounds like Microsoft did it all by themselves. No 'education' by bitpay necessary. It also seems they have further plans and an urge to pull through in a timely manner.

EDIT: sorry, it wasn't a press release but this coindesk article already mentioned above.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
sickpig
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December 12, 2014, 08:09:55 AM
 #18628

some highlights from the latest budget deal

Quote
As presented earlier in the week, the 1,600 page bill also includes a number of provisions intended to gain votes from both parties, including:

  • increasing the amount an individual person can contribute to a national political party from $32,400 to $324,000

a ten fold increase... wow. 

Quote
its official USA Oligarchy corp is running this ship aground.

yeah, like we needed other proofs Smiley

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
smooth
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December 12, 2014, 09:16:08 AM
 #18629


What is QuixCoin?

Google has never heard of it, and that's saying something.

EDIT: maybe this:

http://www.slideshare.net/QixCoin/quix-coin-1
https://bitcointalk.org/index.php?topic=300160.0

Seems to be some question about the spelling and I'm not sure anything was actually implemented. Pretty obscure reference by Nick.

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December 12, 2014, 09:19:48 AM
 #18630

Congrats to BitPay for bringing Microsoft into the fold.

Actually from their press release it sounds like Microsoft did it all by themselves. No 'education' by bitpay necessary. It also seems they have further plans and an urge to pull through in a timely manner.

EDIT: sorry, it wasn't a press release but this coindesk article already mentioned above.

This. I would not be surprised if Microsoft had larger designs on BitPay than just using them as a service provider ...

cypherdoc (OP)
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December 12, 2014, 11:18:29 AM
 #18631

Congrats to BitPay for bringing Microsoft into the fold.

Actually from their press release it sounds like Microsoft did it all by themselves. No 'education' by bitpay necessary. It also seems they have further plans and an urge to pull through in a timely manner.

EDIT: sorry, it wasn't a press release but this coindesk article already mentioned above.

This. I would not be surprised if Microsoft had larger designs on BitPay than just using them as a service provider ...

If there was ever any question about Bitpays future they've all been but settled with this deal. Can you imagine the revenue addition Microsoft brings? Even PayPal doesn't have this sort of an arrangement as a payment processor with any such large behemoth. And as such a critical player in the Bitcoin space this all but assures for Bitcoins future success.

 There have been some who have said this event has made them go all in. I can see why. 
cypherdoc (OP)
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December 12, 2014, 11:29:18 AM
 #18632

I was on the fence about buying a new Xbox.

This settles it.  Merry Christmas!

I didn't have a console, ever. I quit playing computer games at some point.

I think I might get a TV or projector and a steam box.

When is steam going to accept Bitcoin? Now that would imply a rocket.

(I know one can buy steam games with bitcoin through 3rd parties, that's not what I mean).


I quit years ago as well. But I still have one teenager left at home. But who knows? Maybe I'll start again just because of Microsoft. Just to support the cause. A part of me wonders just how much the tech has come along.
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December 12, 2014, 02:58:11 PM
 #18633

I was on the fence about buying a new Xbox.

This settles it.  Merry Christmas!

I didn't have a console, ever. I quit playing computer games at some point.

I think I might get a TV or projector and a steam box.

When is steam going to accept Bitcoin? Now that would imply a rocket.

(I know one can buy steam games with bitcoin through 3rd parties, that's not what I mean).


I quit years ago as well. But I still have one teenager left at home. But who knows? Maybe I'll start again just because of Microsoft. Just to support the cause. A part of me wonders just how much the tech has come along.

Your teenagers will use you as a punching bag.
I used to think I was good at a few games until I had a son.
It will be humbling, but you will have new things to talk about with them.

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
tabnloz
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December 12, 2014, 03:02:51 PM
 #18634

 "In the event of a severe Greek government clash with international lenders, interruption of liquidity provision to Greek banks by the ECB could potentially even lead to a Cyprus-style prolonged “bank holiday”. And market fears for potential Euro-exit risks could rise at that point."

http://www.zerohedge.com/news/2014-12-12/goldman-warns-greeks-cyprus-style-prolonged-bank-holiday-if-they-vote-wrong
cypherdoc (OP)
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December 12, 2014, 03:13:06 PM
 #18635

I was on the fence about buying a new Xbox.

This settles it.  Merry Christmas!

I didn't have a console, ever. I quit playing computer games at some point.

I think I might get a TV or projector and a steam box.

When is steam going to accept Bitcoin? Now that would imply a rocket.

(I know one can buy steam games with bitcoin through 3rd parties, that's not what I mean).


I quit years ago as well. But I still have one teenager left at home. But who knows? Maybe I'll start again just because of Microsoft. Just to support the cause. A part of me wonders just how much the tech has come along.

Your teenagers will use you as a punching bag.
I used to think I was good at a few games until I had a son.
It will be humbling, but you will have new things to talk about with them.

Oh yeah, I already came to that humbling realization years ago. I used to think I was good at those  games too.  I was awesome at Pong Wink.

Kids these days seem to meld with video games.
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December 12, 2014, 03:18:37 PM
 #18636

Georgetown economics professor advocates 'bitdollar'

the progress is slow, but at least he ain't bitcorn.

http://linkis.com/www.wired.com/2014/1/fQHEe

cypherdoc (OP)
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December 12, 2014, 03:28:17 PM
 #18637

"In the event of a severe Greek government clash with international lenders, interruption of liquidity provision to Greek banks by the ECB could potentially even lead to a Cyprus-style prolonged “bank holiday”. And market fears for potential Euro-exit risks could rise at that point."

http://www.zerohedge.com/news/2014-12-12/goldman-warns-greeks-cyprus-style-prolonged-bank-holiday-if-they-vote-wrong

There is definite trouble happening. 
cypherdoc (OP)
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December 12, 2014, 03:34:34 PM
 #18638

Georgetown economics professor advocates 'bitdollar'

the progress is slow, but at least he ain't bitcorn.

http://linkis.com/www.wired.com/2014/1/fQHEe



Lame assertions yet again:

The Canadians eventually shelved their MintChip dreams

He fails to comprehend why.
tabnloz
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December 12, 2014, 03:52:06 PM
 #18639

Georgetown economics professor advocates 'bitdollar'

the progress is slow, but at least he ain't bitcorn.

http://linkis.com/www.wired.com/2014/1/fQHEe



Lame assertions yet again:

The Canadians eventually shelved their MintChip dreams

He fails to comprehend why.

good to read some people pointing him in the right direction in the comments section (which generally themselves are slowly changing tact)
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December 12, 2014, 04:37:09 PM
 #18640

i've been saying all along we're in a deflation.  this is a big indicator:

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