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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 1805628 times)
picolo
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January 23, 2015, 09:04:42 AM
 #20521

I blacked out, what the hell happened!

Gold is up and Bitcoin has been down but is recovering.


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Erdogan
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January 23, 2015, 10:32:21 AM
 #20522

This is the way to go at the current level of adoption.

Local companies in different countries partner with each other, no need to establish a supernational umbrella company. Relatively low risk. The two sides can be smaller, in case the dominators come in and destroy the business.

http://www.coindesk.com/bitspark-rolls-remittance-service-indonesia/

"The process allows customers to deposit and withdraw cash, without touching bitcoin, while Bitspark and Artabit transact in the cryptocurrency. In the Philippines, Bitspark works with bitcoin exchange Rebit."
cypherdoc
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January 23, 2015, 12:30:40 PM
 #20523

This is the way to go at the current level of adoption.

Local companies in different countries partner with each other, no need to establish a supernational umbrella company. Relatively low risk. The two sides can be smaller, in case the dominators come in and destroy the business.

http://www.coindesk.com/bitspark-rolls-remittance-service-indonesia/

"The process allows customers to deposit and withdraw cash, without touching bitcoin, while Bitspark and Artabit transact in the cryptocurrency. In the Philippines, Bitspark works with bitcoin exchange Rebit."

Yeah, that really is bullish as hell.

Great stuff going on in that corridor of the world.
cypherdoc
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January 23, 2015, 12:32:10 PM
 #20524

Got half my gold short position back on yesterday at 1307 or 6  equivalent for DZZ.
sickpig
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January 23, 2015, 02:33:15 PM
 #20525

Gold, Bitcoin & the US Dollar amid a Global Economic Slowdown

http://cointelegraph.com/news/113348/gold-bitcoin-the-us-dollar-amid-a-global-economic-slowdown

first time I'm not OT in a very long while Tongue

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
NewLiberty
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January 23, 2015, 03:41:52 PM
 #20526

Got half my gold short position back on yesterday at 1307 or 6  equivalent for DZZ.
Congrats on a successful trade.

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Bulk premiums as low as .0012 BTC "BETTER, MORE COLLECTIBLE, AND CHEAPER THAN SILVER EAGLES" 1Free of Government
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January 23, 2015, 04:08:53 PM
 #20527

Got half my gold short position back on yesterday at 1307 or 6  equivalent for DZZ.
Congrats on a successful trade.

Way too early for that conclusion. Besides I still need to get the other half on Wink

Most tops and bottoms get retested so i wasn't  too upset missing the first test of 1307. The real question is whether we'll get a longer term retest.  And then  I'll put the other half on. 
cypherdoc
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January 23, 2015, 04:14:41 PM
 #20528

Gold, Bitcoin & the US Dollar amid a Global Economic Slowdown

http://cointelegraph.com/news/113348/gold-bitcoin-the-us-dollar-amid-a-global-economic-slowdown

first time I'm not OT in a very long while Tongue

This part is bullshit:

"Under this backdrop, it is easy to see why the USD is surging as the US has stopped QE and indicated a rate hike at some point this year. The US is perceived to have the strongest economy in the world."

Everyone seems to forget the Fed just finished around $4T  in QE over 6 years. CB's simply do a Round Robin when  it comes to QE which creates am artificial "stability" in cross rate, when in fact, they're all devaluing at different intervals.  

This is why they are all so worried about Bitcoin and rightfully so.
tvbcof
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January 23, 2015, 04:20:55 PM
 #20529

This is the way to go at the current level of adoption.

Local companies in different countries partner with each other, no need to establish a supernational umbrella company. Relatively low risk. The two sides can be smaller, in case the dominators come in and destroy the business.

http://www.coindesk.com/bitspark-rolls-remittance-service-indonesia/

"The process allows customers to deposit and withdraw cash, without touching bitcoin, while Bitspark and Artabit transact in the cryptocurrency. In the Philippines, Bitspark works with bitcoin exchange Rebit."

Yeah, that really is bullish as hell.

Great stuff going on in that corridor of the world.

Agree.  Finally people seem to be wising up to the fact that using Bitcoin for the masses to touch (try to) and hold (try to) and use for buying  trinkets is the worst idea ever.  People who have a half a clue as to what they are doing using Bitcoin as and reserve and proxy for more encumbered currencies is where the sustainable value comes from.  That is, leveraging it's advantages over gold.

Now all we need is sidechains to have the best of both worlds.  The herds will have the same levels of security without paying usurious rates to a middle-man (and being flat out ripped of by him half the time) and the solution won't be swamped and sunk under the weight of a sea of a billion retards.


cypherdoc
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January 23, 2015, 04:24:13 PM
 #20530

Someone this morning put this up on reddit and is why criticizing volatility is stupid.

http://satoshi.nakamotoinstitute.org/posts/p2pfoundation/3/
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January 23, 2015, 05:40:32 PM
 #20531

This is the way to go at the current level of adoption.

Local companies in different countries partner with each other, no need to establish a supernational umbrella company. Relatively low risk. The two sides can be smaller, in case the dominators come in and destroy the business.

http://www.coindesk.com/bitspark-rolls-remittance-service-indonesia/

"The process allows customers to deposit and withdraw cash, without touching bitcoin, while Bitspark and Artabit transact in the cryptocurrency. In the Philippines, Bitspark works with bitcoin exchange Rebit."

Yeah, that really is bullish as hell.

Great stuff going on in that corridor of the world.

Agree.  Finally people seem to be wising up to the fact that using Bitcoin for the masses to touch (try to) and hold (try to) and use for buying  trinkets is the worst idea ever.  People who have a half a clue as to what they are doing using Bitcoin as and reserve and proxy for more encumbered currencies is where the sustainable value comes from.  That is, leveraging it's advantages over gold.

blah, blah, blah.  your moods are as fickle as the wind.  my guess is you sense a bottom --> time to take back all the negative bullshit
Quote

Now all we need is sidechains to have the best of both worlds.  The herds will have the same levels of security without paying usurious rates to a middle-man (and being flat out ripped of by him half the time) and the solution won't be swamped and sunk under the weight of a sea of a billion retards.



we've already explained to you a hundred times how these SC's can't possibly be AS secure as the MC unless they magically somehow attract 100% MM which is a pipedream by my estimation.  especially for anything more than probably 2 SC's.  that assumption ignores miners who might actually NOT want SC's to succeed or might want to attack them due to the easy pickings with no consequences to their seed corn MC mining.
NewLiberty
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January 24, 2015, 12:42:59 AM
 #20532

we've already explained to you a hundred times how these SC's can't possibly be AS secure as the MC unless they magically somehow attract 100% MM which is a pipedream by my estimation.  especially for anything more than probably 2 SC's.  that assumption ignores miners who might actually NOT want SC's to succeed or might want to attack them due to the easy pickings with no consequences to their seed corn MC mining.

This would be tested with each and every MM'd SC.
There is zero cost for a miner to go hostile on any MM'd coin with mining already paid by the other activity.

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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January 24, 2015, 12:46:29 AM
 #20533

Gold, Bitcoin & the US Dollar amid a Global Economic Slowdown

http://cointelegraph.com/news/113348/gold-bitcoin-the-us-dollar-amid-a-global-economic-slowdown

first time I'm not OT in a very long while Tongue

This part is bullshit:

"Under this backdrop, it is easy to see why the USD is surging as the US has stopped QE and indicated a rate hike at some point this year. The US is perceived to have the strongest economy in the world."

Everyone seems to forget the Fed just finished around $4T  in QE over 6 years. CB's simply do a Round Robin when  it comes to QE which creates am artificial "stability" in cross rate, when in fact, they're all devaluing at different intervals.  

This is why they are all so worried about Bitcoin and rightfully so.

Yes, iirc the BoJ announced its latest iteration of QE the day after the US finished its taper.
smooth
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January 24, 2015, 12:49:03 AM
 #20534

we've already explained to you a hundred times how these SC's can't possibly be AS secure as the MC unless they magically somehow attract 100% MM which is a pipedream by my estimation.

Even if a SC were to attract 100% MM at some point in time, it wouldn't necessarily retain it. There would always be a risk that the MM share would drop off, perhaps suddenly, which again means that the SC couldn't be as secure as the MC.

cypherdoc
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January 24, 2015, 02:04:14 AM
 #20535

remember back when a bunch of us were discussing appcoins and how i said that unless appcoin issuance was directly tied to the % equity granted in the app it wouldn't make sense?  well, it looks like Patrick Byrnes and CP are going to do this right.  this could get interesting.  let's wish them luck:

"In more Bitcoin-esque terms, crypto-equity is a way to distribute company equity shares in “coins.” It entitles the owner to an “equal amount of equity percentage in the company.”

http://cointelegraph.com/news/113346/patrick-byrne-on-the-upcoming-crypto-stock-market-its-a-threat-to-the-oligarchy
tvbcof
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January 24, 2015, 02:35:38 AM
 #20536

...
Now all we need is sidechains to have the best of both worlds.  The herds will have the same levels of security without paying usurious rates to a middle-man (and being flat out ripped of by him half the time) and the solution won't be swamped and sunk under the weight of a sea of a billion retards.

we've already explained to you a hundred times how these SC's can't possibly be AS secure as the MC unless they magically somehow attract 100% MM which is a pipedream by my estimation.  especially for anything more than probably 2 SC's.  that assumption ignores miners who might actually NOT want SC's to succeed or might want to attack them due to the easy pickings with no consequences to their seed corn MC mining.

I meant general level more in terms of visibility, counter-party risk, etc.

But this extreme security is the very problem!  Bitcoin has far TO MUCH security to be used for by billions of plebs and their brother for buying knick-nacks.  It just doesn't make any sense, and that is why Bitcoin cannot get any real traction here.

A windscreen on a Lear jet is smaller than that of a car.  Looks like any old piece of shaped plastic, but it costs $20,000.  I don't manufacture the things, but I suspect that there is a good deal of care which goes into it so it might have a chance of taking a goose hit at 350 mph and not creating a decompression.  Does it make sense to replace all Honda windshields with Lear style ones because they are 'more secure'.  No.  Honda would be out of business withing a month.  It's actually completely idiotic to over-specify things.  You folks who go on and on about the efficiency of the free market and all that nonsense should at least be clued in to such a simple thing as this.


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January 24, 2015, 03:34:09 AM
 #20537

Yes, except this is software. Interfaces will be figured out, the end user pays (next to) nothing and need not know how it all works.
tvbcof
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January 24, 2015, 03:45:33 AM
 #20538

Yes, except this is software. Interfaces will be figured out, the end user pays (next to) nothing and need not know how it all works.

I'm not really into subsidization and welfare for people.  Especially welfare for people so that they may drive a Cadillac.  This is kind of funny because I am one of the few folks around here who does not claim to be some sort of free-market fundamentalist.  I just observe the distortions and failures that such subsidies tend to bring.  None of the outcomes will bode well for native Bitcoin.


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January 24, 2015, 05:21:04 AM
 #20539

On the contrary, lots of money is to be made and saved. Where is it coming from? Efficiency.
BTCtrader71
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January 24, 2015, 05:28:49 AM
 #20540

Does it make sense to replace all Honda windshields with Lear style ones because they are 'more secure'. 

It does make sense to do so if the Lear style windshield is not only more secure, but also less expensive than the Honda style. Better and cheaper. No brainer.

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