Bitcoin Forum
December 10, 2016, 11:12:57 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Poll
Question: Will you support Gavin's new block size limit hard fork of 8MB by January 1, 2016 then doubling every 2 years?
1.  yes
2.  no

Pages: « 1 ... 890 891 892 893 894 895 896 897 898 899 900 901 902 903 904 905 906 907 908 909 910 911 912 913 914 915 916 917 918 919 920 921 922 923 924 925 926 927 928 929 930 931 932 933 934 935 936 937 938 939 [940] 941 942 943 944 945 946 947 948 949 950 951 952 953 954 955 956 957 958 959 960 961 962 963 964 965 966 967 968 969 970 971 972 973 974 975 976 977 978 979 980 981 982 983 984 985 986 987 988 989 990 ... 1560 »
  Print  
Author Topic: Gold collapsing. Bitcoin UP.  (Read 1807773 times)
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
December 15, 2014, 10:24:12 PM
 #18781

it means gold's SOV function days are numbered.

Or paper gold's SOV function  Roll Eyes

the paper gold was the entire reason for the price ramp in the first place.  Roll Eyes
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481368377
Hero Member
*
Offline Offline

Posts: 1481368377

View Profile Personal Message (Offline)

Ignore
1481368377
Reply with quote  #2

1481368377
Report to moderator
1481368377
Hero Member
*
Offline Offline

Posts: 1481368377

View Profile Personal Message (Offline)

Ignore
1481368377
Reply with quote  #2

1481368377
Report to moderator
1481368377
Hero Member
*
Offline Offline

Posts: 1481368377

View Profile Personal Message (Offline)

Ignore
1481368377
Reply with quote  #2

1481368377
Report to moderator
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
December 15, 2014, 10:25:42 PM
 #18782

this is the Elizabeth Warren i know from 2008:

https://www.youtube.com/watch?v=DJpTxONxvoo
msin
Legendary
*
Offline Offline

Activity: 1064


View Profile
December 15, 2014, 10:57:40 PM
 #18783

The more people are paid in BTC for services, employment, etc. the higher the price of BTC will go.
They have to be paid in BTC, and they have to save in BTC.

Otherwise it won't work.

Yes, exactly, if they are paid in BTC, save their BTC, it will create an extremely scarce market.
smooth
Legendary
*
Offline Offline

Activity: 1246



View Profile
December 15, 2014, 11:07:05 PM
 #18784

At ~3600 BTC/day, the current price of ~$350 / BTC requires ~$1.3 million of new capital (money, energy for hashing, etc) to enter the system.
Your list of capital types should include products and services.

Every person who sells their productivity for Bitcoin and does not immediately spend what they earn is contributing to that ~$1.3 million/day requirement.

The concept I like to focus on is accumulation (of holding). Every bit of that new 25 BTC mined every 10 minutes has to find a home with someone willing to hold it. It doesn't really matter if that comes from miners holding it, investors buying it, or people trading goods or services and holding the coins they receive. In reality all of these play a role, and they all involve exchange of other resources for coins, but we can be sure that aggregate accumulation is ~$1.3m per day.

It is indeed helpful to price discovery and liquidity that this forces a constant market clearing process.  It is also no surprise that the scam altcoin market has moved to ICOs and proof-of-stake which lack such a process.

smooth
Legendary
*
Offline Offline

Activity: 1246



View Profile
December 15, 2014, 11:17:22 PM
 #18785

it means gold's SOV function days are numbered.

Or paper gold's SOV function  Roll Eyes

Correct. Paper gold has absolutely no advantages over BTC. At least physical gold you might imagine retains value if there is a catastrophic failure of technology (solar flare, communications infrastructure brought down hard by hacking, etc.), breakdown of rule of law (arguably has already happened), etc. Paper gold, forget it.
sgbett
Legendary
*
Offline Offline

Activity: 1330



View Profile
December 16, 2014, 12:27:30 AM
 #18786

The more people are paid in BTC for services, employment, etc. the higher the price of BTC will go.
They have to be paid in BTC, and they have to save in BTC.

Otherwise it won't work.

Yes, exactly, if they are paid in BTC, save their BTC, it will create an extremely scarce market.

If I can dodge a LambShop for a second (becoming increasingly rabid of late I notice), this is exactly what all the 'permabulls' see as being almost inevitable. Eventually everything will be in BTC. Then the USD/BTC price becomes irrelevant, apart from roughly what it was just before everyone went full crypto.

5 years ago nobody could even imagine a world where money was anything other than what it currently was. Fast forward and there is a massive groundswell of people who now see what it could be.

You either see it and panic you are too late, or you don't see it and think you can make a few "oldbucks" off the rubes by out-trading them.

Call me a rube, I'm going all the way. Once it resumes its uptrend above the last ATH I'll skim as a hedge (even though my gut tells me not to bother, my math tells me I should) [thats my "full disclosure"]

Still one the most insanely +EV binary bets I have ever come across.  

http://haschinabannedbitcoin.com
Full Node: http://46.51.193.129 (BU)
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
msin
Legendary
*
Offline Offline

Activity: 1064


View Profile
December 16, 2014, 12:42:59 AM
 #18787

The more people are paid in BTC for services, employment, etc. the higher the price of BTC will go.
They have to be paid in BTC, and they have to save in BTC.

Otherwise it won't work.

Yes, exactly, if they are paid in BTC, save their BTC, it will create an extremely scarce market.

If I can dodge a LambShop for a second (becoming increasingly rabid of late I notice), this is exactly what all the 'permabulls' see as being almost inevitable. Eventually everything will be in BTC. Then the USD/BTC price becomes irrelevant, apart from roughly what it was just before everyone went full crypto.

5 years ago nobody could even imagine a world where money was anything other than what it currently was. Fast forward and there is a massive groundswell of people who now see what it could be.

You either see it and panic you are too late, or you don't see it and think you can make a few "oldbucks" off the rubes by out-trading them.

Call me a rube, I'm going all the way. Once it resumes its uptrend above the last ATH I'll skim as a hedge (even though my gut tells me not to bother, my math tells me I should) [thats my "full disclosure"]

Still one the most insanely +EV binary bets I have ever come across.  

I agree, although I don't know if it's inevitable.  When you start to see companies paying their employees in BTC, then you should really hold on to your precious BTC. 
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
December 16, 2014, 02:39:39 AM
 #18788

what's happening in Russia is fascinating:



going Bitcoin could make some sense to take the pressure off:



http://www.nytimes.com/2014/12/16/upshot/vladimir-putin-vs-the-currency-markets-what-to-know-about-the-rubles-collapse.html?_r=0&abt=0002&abg=1
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
December 16, 2014, 02:41:33 AM
 #18789

where is BTC-e? breaking out:

cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
December 16, 2014, 04:11:55 AM
 #18790

junk is junk:

cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
December 16, 2014, 04:14:36 AM
 #18791

stocks plunging round the world
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
December 16, 2014, 04:22:55 AM
 #18792

LukeJr's at it again:

http://www.reddit.com/r/Bitcoin/comments/2pfgjg/exposed_lukejr_plans_on_forcing_blacklists_on_all/
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
December 16, 2014, 04:26:29 AM
 #18793


he's getting destroyed with downvotes.
solex
Legendary
*
Offline Offline

Activity: 1078


100 satoshis -> ISO code


View Profile
December 16, 2014, 04:28:53 AM
 #18794


Last time he apologized and explained his error. How many times can he do that?

cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
December 16, 2014, 04:43:46 AM
 #18795


he'll never change.  so i guess for as long as he's around.
smoothie
Legendary
*
Offline Offline

Activity: 1848


LEALANA Monero Physical Silver Coins


View Profile
December 16, 2014, 04:44:07 AM
 #18796


Lukey-boy still at his antics.

No surprise there.  Roll Eyes

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
December 16, 2014, 01:04:21 PM
 #18797

At some point this has to come into play:

http://imgur.com/M03nbwM
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
December 16, 2014, 01:07:03 PM
 #18798

As does this:

http://imgur.com/rqHre4I
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
December 16, 2014, 01:13:44 PM
 #18799

Our time is coming: be patient.

http://www.zerohedge.com/news/2014-12-16/usdrub-pair-will-be-discontinued-due-recent-instability-russian-ruble
holomen
Jr. Member
*
Offline Offline

Activity: 54


View Profile
December 16, 2014, 01:19:09 PM
 #18800


Volume is really low,

Though my current market sentiments agrees to your opinion.
Pages: « 1 ... 890 891 892 893 894 895 896 897 898 899 900 901 902 903 904 905 906 907 908 909 910 911 912 913 914 915 916 917 918 919 920 921 922 923 924 925 926 927 928 929 930 931 932 933 934 935 936 937 938 939 [940] 941 942 943 944 945 946 947 948 949 950 951 952 953 954 955 956 957 958 959 960 961 962 963 964 965 966 967 968 969 970 971 972 973 974 975 976 977 978 979 980 981 982 983 984 985 986 987 988 989 990 ... 1560 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!