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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1981041 times)
Adrian-x
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February 11, 2015, 06:55:10 PM
 #21181

we need to keep Bitcoin focused on the money function.   that is what distinguishes it from altcoins and Bitcoin 2.0 platforms and potentially SC's:

http://coincenter.org/2015/02/cryptocurrency-investments-different-securities-investments/

Altcoins, Bitcoin 2.0 platforms, App coins are all nice to have, but they are not fuel for the Bitcoin rocket. The technology ripe for disruption is Money itself. 

with Money 2.0 - comes everything that depends on it.


Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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cypherdoc
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February 11, 2015, 07:20:04 PM
 #21182

we need to keep Bitcoin focused on the money function.   that is what distinguishes it from altcoins and Bitcoin 2.0 platforms and potentially SC's:

http://coincenter.org/2015/02/cryptocurrency-investments-different-securities-investments/

Altcoins, Bitcoin 2.0 platforms, App coins are all nice to have, but they are not fuel for the Bitcoin rocket. The technology ripe for disruption is Money itself. 

with Money 2.0 - comes everything that depends on it.



there you go.

if we win the Money Game, we win everything.
cypherdoc
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February 11, 2015, 07:28:37 PM
 #21183

Willie Sutton:



cypherdoc
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February 11, 2015, 07:37:01 PM
 #21184

So for 5 billion people, I think that bitcoin will be more relevant than the internet.

http://uk.businessinsider.com/how-bitcoin-may-have-more-impact-than-the-internet-2015-2?r=US
cypherdoc
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February 11, 2015, 07:40:47 PM
 #21185

you can't carry gold on your phone, can you?

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Have faith.


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February 11, 2015, 09:09:36 PM
 #21186

we need to keep Bitcoin focused on the money function.   that is what distinguishes it from altcoins and Bitcoin 2.0 platforms and potentially SC's:

http://coincenter.org/2015/02/cryptocurrency-investments-different-securities-investments/
no, bitcoin needs to focus on the gold function,

money is worthless it just passes from one hand to the next. its not a store of value

Infinite ice plan with thermal holes (Earth is one of them) and parallel firmament.   
Get used to it.
bambou
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February 11, 2015, 09:36:30 PM
 #21187

Bitcoin stands 0 chance at succeeding as money if it does not secure its 'store-of-valueness'.

Edit: this is bitcoin. Not some random piece of paper.

Non inultus premor
cypherdoc
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February 11, 2015, 09:53:26 PM
 #21188

we need to keep Bitcoin focused on the money function.   that is what distinguishes it from altcoins and Bitcoin 2.0 platforms and potentially SC's:

http://coincenter.org/2015/02/cryptocurrency-investments-different-securities-investments/
no, bitcoin needs to focus on the gold function,

money is worthless it just passes from one hand to the next. its not a store of value


since you're new here, i'll forgive you.  everyone knows that when i talk about Money, i mean Sound Money (fixed supply).
Melbustus
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February 11, 2015, 10:24:51 PM
 #21189

So for 5 billion people, I think that bitcoin will be more relevant than the internet.

http://uk.businessinsider.com/how-bitcoin-may-have-more-impact-than-the-internet-2015-2?r=US


@wences (and Ted Rogers, also from Xapo) continue to be spot-on regarding the long-view, and the position that bitcoin's greatest impact will be as *money*, not the amorphous "blockchain technology" so over-hyped these days.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
cypherdoc
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February 12, 2015, 02:15:16 PM
 #21190

Let's see.

I want 5% of which market?


lunarboy
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February 12, 2015, 03:10:20 PM
 #21191


The race to the bottom continues.

Sweden cuts it's interest rates to negative 0.1% and starts QE

http://www.nytimes.com/2015/02/13/business/international/sweden-cuts-interest-rate-and-announces-bond-buying-program.html
iCEBREAKER
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http://DashNdrink.com


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February 12, 2015, 03:12:58 PM
 #21192

Let's see.

I want 5% of which market?




Bitcoin isn't a transaction processing network.  Bitcoin is money, and nothing else.

The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy.  David Chaum 1996
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Core GUI - Podcats - Roadmap - Dice - Blackjack - Github - Android }
MoneroForCash.com  |  Buy and sell XMR near you  |  Easymonero.com  |  Bitsquare.io - Decentralized XMR Exchange  |  Buy XMR with fiat
Fungibility provides privacy as a side effect.  Adam Back 2014

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016
Blocks must necessarily be full for the Bitcoin network to be able to pay for its own security.  davout 2015
Blocksize is an intentionally limited resource, like the 21e6 BTC limit.  Changing it degrades the surrounding economics, creating negative incentives.  Jeff Garzik 2013


The raison d'être of bitcoin is trustlessness. - Eric Lombrozo 2015
It is an Engineering Requirement that Bitcoin be “Above the Law”  Paul Sztorc 2015
Resiliency, not efficiency, is the paramount goal of decentralized, non-state sanctioned currency -Jon Matonis 2015

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016

Technology tends to move in the direction of making surveillance easier, and the ability of computers to track us doubles every eighteen months. - Phil Zimmerman 2013

The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004
cocksOut
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February 12, 2015, 03:14:58 PM
 #21193

we need to keep Bitcoin focused on the money function.   that is what distinguishes it from altcoins and Bitcoin 2.0 platforms and potentially SC's:

http://coincenter.org/2015/02/cryptocurrency-investments-different-securities-investments/
no, bitcoin needs to focus on the gold function,
http://i.imgur.com/GdO3zHg.gif
money is worthless it just passes from one hand to the next. its not a store of value
http://i.imgur.com/ehYCZuK.gif

since you're new here, i'll forgive you.  everyone knows that when i talk about Money, i mean Sound Money (fixed supply).

you need inflation to keep up with the growth of the economy. economics 101.
cypherdoc
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February 12, 2015, 03:15:04 PM
 #21194

The insanity continues. 

http://www.wsj.com/articles/sweden-cuts-rate-announces-qe-1423731254
cypherdoc
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February 12, 2015, 03:18:33 PM
 #21195

we need to keep Bitcoin focused on the money function.   that is what distinguishes it from altcoins and Bitcoin 2.0 platforms and potentially SC's:

http://coincenter.org/2015/02/cryptocurrency-investments-different-securities-investments/
no, bitcoin needs to focus on the gold function,

money is worthless it just passes from one hand to the next. its not a store of value


since you're new here, i'll forgive you.  everyone knows that when i talk about Money, i mean Sound Money (fixed supply).

you need inflation to keep up with the growth of the economy. economics 101.

Correction:

Keynesian Economics101.  For special interests only.
cypherdoc
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February 12, 2015, 03:20:40 PM
 #21196

Let's see.

I want 5% of which market?




Bitcoin isn't a transaction processing network.  Bitcoin is money, and nothing else.

You mean it isn't a WoW asset trading platform?
NotLambchop
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February 12, 2015, 04:48:02 PM
 #21197

...economics 101.

Not here, bro Angry
This thread is where Bitcoin's crazies intellectual elite come to mate & lay eggs.  Feel free to marvel, but don't feed or disturb.
I'm gonna let you slide this one time 'coz you're new.
uki
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cryptojunk bag holder


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February 12, 2015, 04:48:22 PM
 #21198

Gold Collapsing. Bitcoin bottoming.
there were several events in the end of January /beginning of the February that were particularly gold-negative in the short term, namely, option expiration, massaged employment data. These plus the pace of the growth from the beginning of January plus the latest CoT data pointed for a corrective move in gold. Once $1230 was broken to the downside we are at the crossroads regarding the medium-term perspective. On the positive side is the historical trend, with 40+ years of data first four months of the year should be PM (gold) - positive. Let's how it resolves and if Bitcoin bottoming would be somewhere close to the gold bottom.

this space is intentionally left blank
NewLiberty
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Gresham's Lawyer


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February 12, 2015, 05:30:37 PM
 #21199

we need to keep Bitcoin focused on the money function.   that is what distinguishes it from altcoins and Bitcoin 2.0 platforms and potentially SC's:

http://coincenter.org/2015/02/cryptocurrency-investments-different-securities-investments/
no, bitcoin needs to focus on the gold function,

money is worthless it just passes from one hand to the next. its not a store of value


since you're new here, i'll forgive you.  everyone knows that when i talk about Money, i mean Sound Money (fixed supply).

you need inflation to keep up with the growth of the economy. economics 101.

Let us know when you get to grad school.
Econ 501 would be a good place to start.
Or start here:
http://ocw.mit.edu/courses/political-science/17-100j-political-economy-i-fall-2010/

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
domob
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February 12, 2015, 06:01:48 PM
 #21200


The race to the bottom continues.

Sweden cuts it's interest rates to negative 0.1% and starts QE

http://www.nytimes.com/2015/02/13/business/international/sweden-cuts-interest-rate-and-announces-bond-buying-program.html


Quote
The decision means that Swedish commercial banks will be able to take out loans from the central bank at a negative interest rate. When the loans are due, banks will pay back less than they borrowed.

Does that only sound crazy to me or anyone else?  I've already accepted the ECB's negative interest (i. e., fees) when banks park money at it.  But at least a loan is still at positive 0.05%.  So if I'm a Swedish bank, I'll just get a billion in cash, put it in my vault, pay back less and profit?  How's that ever going to work out?

Use your Namecoin identity as OpenID: https://nameid.org/
Donations: 1domobKsPZ5cWk2kXssD8p8ES1qffGUCm | NMC: NCdomobcmcmVdxC5yxMitojQ4tvAtv99pY
BM-GtQnWM3vcdorfqpKXsmfHQ4rVYPG5pKS | GPG 0xA7330737
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