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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2014107 times)
najzenmajsen
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February 14, 2015, 10:31:26 PM
 #21281

Movin up
yea , holy shizzle we just hit 260 usd man , you made me think of
https://www.youtube.com/watch?v=xK8VKc24RaM
Cheesy great song , great price
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February 14, 2015, 10:34:41 PM
 #21282

Movin up
yea , holy shizzle we just hit 260 usd man , you made me think of
https://www.youtube.com/watch?v=xK8VKc24RaM
Cheesy great song , great price

https://www.youtube.com/watch?v=K2ku1A5Ox8U
uki
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cryptojunk bag holder


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February 15, 2015, 09:12:14 PM
 #21283

this news is very timely, as BTC just started a mini-rebound from the bottom area:
7170 BTC stolen at BTER - https://bter.com/
here Cointelegraph report on the BTER hack:- http://cointelegraph.com/news/113494/bter-gets-hacked-for-175-million-in-bitcoin
sometimes BTC reminds of gold market too much...

this space is intentionally left blank
hdbuck
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February 15, 2015, 09:14:47 PM
 #21284

this news is very timely, as BTC just started a mini-rebound from the bottom area:
7170 BTC stolen at BTER - https://bter.com/
here Cointelegraph report on the BTER hack:- http://cointelegraph.com/news/113494/bter-gets-hacked-for-175-million-in-bitcoin
sometimes BTC reminds of gold market too much...

tss pussies.. Grin

Hackers steal £650 million in world's biggest bank raid
http://www.telegraph.co.uk/news/uknews/crime/11414191/Hackers-steal-650-million-in-worlds-biggest-bank-raid.html

sidhujag
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February 15, 2015, 09:49:20 PM
 #21285

Enter bitshares decentralized exchange.. where you can hold your bitcoins via bitBTC enjoy a nice yeild of 3% and trade in/out of major assets including oil/gold/silver/bts/usd(all other fiats) which are pegged to real asset value. Win win for decentralization everywhere trust is essential.

★☆★Syscoin - Decentralized Marketplace and Multisig Platform
Pay with Bitcoin, ZCash and many more
For more visit Syscoin.org  ★☆★
tabnloz
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February 15, 2015, 10:46:44 PM
 #21286

this news is very timely, as BTC just started a mini-rebound from the bottom area:
7170 BTC stolen at BTER - https://bter.com/
here Cointelegraph report on the BTER hack:- http://cointelegraph.com/news/113494/bter-gets-hacked-for-175-million-in-bitcoin
sometimes BTC reminds of gold market too much...

tss pussies.. Grin

Hackers steal £650 million in world's biggest bank raid
http://www.telegraph.co.uk/news/uknews/crime/11414191/Hackers-steal-650-million-in-worlds-biggest-bank-raid.html



The new armed robbery.
explorer
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February 16, 2015, 12:17:57 AM
 #21287

this news is very timely, as BTC just started a mini-rebound from the bottom area:
7170 BTC stolen at BTER - https://bter.com/
here Cointelegraph report on the BTER hack:- http://cointelegraph.com/news/113494/bter-gets-hacked-for-175-million-in-bitcoin
sometimes BTC reminds of gold market too much...

tss pussies.. Grin

Hackers steal £650 million in world's biggest bank raid
http://www.telegraph.co.uk/news/uknews/crime/11414191/Hackers-steal-650-million-in-worlds-biggest-bank-raid.html



The new armed robbery.

So they lost about 1/3 of one days ECB printing...  or 0.06% of their current QE tranche.  Oh Dear.

Thinking about that...  If the same headline was true 20 times per week, every week, for the next year and a half, it wouldn't soak up what they ADMIT to printing.  Sick.
uki
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February 16, 2015, 11:18:39 AM
 #21288

this news is very timely, as BTC just started a mini-rebound from the bottom area:
7170 BTC stolen at BTER - https://bter.com/
here Cointelegraph report on the BTER hack:- http://cointelegraph.com/news/113494/bter-gets-hacked-for-175-million-in-bitcoin
sometimes BTC reminds of gold market too much...

tss pussies.. Grin

Hackers steal £650 million in world's biggest bank raid
http://www.telegraph.co.uk/news/uknews/crime/11414191/Hackers-steal-650-million-in-worlds-biggest-bank-raid.html



The new armed robbery.

So they lost about 1/3 of one days ECB printing...  or 0.06% of their current QE tranche.  Oh Dear.

Thinking about that...  If the same headline was true 20 times per week, every week, for the next year and a half, it wouldn't soak up what they ADMIT to printing.  Sick.
well, but there is a difference between losing money of government/bank-backed fiat kind and losing decentralised BTCs, right?
In the first case, there are certain guarantees to protect you from a loss, even if that means 'let's print some more money', in the latter case, once the money is gone it is gone for good. Unless the receiving party will send it back to you. I just can't find the reason for doing so.

this space is intentionally left blank
lunarboy
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February 16, 2015, 12:30:13 PM
 #21289


well, but there is a difference between losing money of government/bank-backed fiat kind and losing decentralised BTCs, right?
In the first case, there are certain guarantees to protect you from a loss, even if that means 'let's print some more money', in the latter case, once the money is gone it is gone for good. Unless the receiving party will send it back to you. I just can't find the reason for doing so.

In the former case the banks loss is covered by increasing everyones premiums and insurances or with a bail out by governments in the form of QE monetary dilution. In the latter the company that lost all the BTC either goes bankrupt or recompenses customers loss, plus all of their contemporaries are incentivised into making stronger storage systems.



 
cypherdoc
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February 16, 2015, 04:38:43 PM
 #21290

this new Princeton education video is fantastic and just what we need to educate the masses:

https://www.youtube.com/watch?v=fOMVZXLjKYo
rocks
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February 16, 2015, 07:22:16 PM
 #21291


well, but there is a difference between losing money of government/bank-backed fiat kind and losing decentralised BTCs, right?
In the first case, there are certain guarantees to protect you from a loss, even if that means 'let's print some more money', in the latter case, once the money is gone it is gone for good. Unless the receiving party will send it back to you. I just can't find the reason for doing so.

In the former case the banks loss is covered by increasing everyones premiums and insurances or with a bail out by governments in the form of QE monetary dilution. In the latter the company that lost all the BTC either goes bankrupt or recompenses customers loss, plus all of their contemporaries are incentivised into making stronger storage systems.

When you come down to it, the primary complaint detractors have against bitcoin is they cannot socialize their own losses, that are a result of their own incompetence, on others . The prospect that they will directly bear the consequences of their own bad decisions, and not be able to force their loses on others, scares them to death.

Those of us who are sick and tired of have other people's losses forced on us (as uki promotes), look at bitcoin as a salvation.
cypherdoc
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February 16, 2015, 07:49:55 PM
 #21292


well, but there is a difference between losing money of government/bank-backed fiat kind and losing decentralised BTCs, right?
In the first case, there are certain guarantees to protect you from a loss, even if that means 'let's print some more money', in the latter case, once the money is gone it is gone for good. Unless the receiving party will send it back to you. I just can't find the reason for doing so.

In the former case the banks loss is covered by increasing everyones premiums and insurances or with a bail out by governments in the form of QE monetary dilution. In the latter the company that lost all the BTC either goes bankrupt or recompenses customers loss, plus all of their contemporaries are incentivised into making stronger storage systems.

When you come down to it, the primary complaint detractors have against bitcoin is they cannot socialize their own losses, that are a result of their own incompetence, on others . The prospect that they will directly bear the consequences of their own bad decisions, and not be able to force their loses on others, scares them to death.

Those of us who are sick and tired of have other people's losses forced on us (as uki promotes), look at bitcoin as a salvation.

It's even more than that.

It's that with Bitcoin they recognize they can't purposefully exploit the system to their own advantage for enormous profits, let alone offload their losses.
Wekkel
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February 16, 2015, 08:11:37 PM
 #21293

this new Princeton education video is fantastic and just what we need to educate the masses:

https://www.youtube.com/watch?v=fOMVZXLjKYo

56 mins too long, and blank pages with text only... This won't cut it for the masses.

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ErisDiscordia
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February 16, 2015, 08:20:56 PM
 #21294


well, but there is a difference between losing money of government/bank-backed fiat kind and losing decentralised BTCs, right?
In the first case, there are certain guarantees to protect you from a loss, even if that means 'let's print some more money', in the latter case, once the money is gone it is gone for good. Unless the receiving party will send it back to you. I just can't find the reason for doing so.

In the former case the banks loss is covered by increasing everyones premiums and insurances or with a bail out by governments in the form of QE monetary dilution. In the latter the company that lost all the BTC either goes bankrupt or recompenses customers loss, plus all of their contemporaries are incentivised into making stronger storage systems.

When you come down to it, the primary complaint detractors have against bitcoin is they cannot socialize their own losses, that are a result of their own incompetence, on others . The prospect that they will directly bear the consequences of their own bad decisions, and not be able to force their loses on others, scares them to death.

Those of us who are sick and tired of have other people's losses forced on us (as uki promotes), look at bitcoin as a salvation.

Nailed it. Another thing is that abandoning personal responsibility for the supposed safety of the "experts" or authorities makes you incapable of critical thought and independence. You can see the same effect in pretty much every area where government is heavily involved. Nowadays people can't even educate their own children, care for their own health, plan their own retirement or handle their own money. A pretty sad state of affairs which can imo be only remedied by relocating responsibility where it belongs and where it is most effective: with the individual.

It's all bullshit. But bullshit makes the flowers grow and that's beautiful.
lunarboy
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February 16, 2015, 09:46:28 PM
 #21295


well, but there is a difference between losing money of government/bank-backed fiat kind and losing decentralised BTCs, right?
In the first case, there are certain guarantees to protect you from a loss, even if that means 'let's print some more money', in the latter case, once the money is gone it is gone for good. Unless the receiving party will send it back to you. I just can't find the reason for doing so.

In the former case the banks loss is covered by increasing everyones premiums and insurances or with a bail out by governments in the form of QE monetary dilution. In the latter the company that lost all the BTC either goes bankrupt or recompenses customers loss, plus all of their contemporaries are incentivised into making stronger storage systems.

When you come down to it, the primary complaint detractors have against bitcoin is they cannot socialize their own losses, that are a result of their own incompetence, on others . The prospect that they will directly bear the consequences of their own bad decisions, and not be able to force their loses on others, scares them to death.

Those of us who are sick and tired of have other people's losses forced on us (as uki promotes), look at bitcoin as a salvation.

Nailed it. Another thing is that abandoning personal responsibility for the supposed safety of the "experts" or authorities makes you incapable of critical thought and independence. You can see the same effect in pretty much every area where government is heavily involved. Nowadays people can't even educate their own children, care for their own health, plan their own retirement or handle their own money. A pretty sad state of affairs which can imo be only remedied by relocating responsibility where it belongs and where it is most effective: with the individual.

I'd suggest your taking it slightly too far here, a person can not be an expert in everything, there simply is not enough time in the day. TRUST being the key issue. I trust a teacher to provide a good education or a service to perform as they claim. Obviously due diligence is an important factor but an unwatched business will frequently cut corners/ take extra risk to make a profit. (hence the misconception regulation will improve the status quo). The point most detractors don't seem to realise is that theoretically at least, Bitcoin businesses have the potential to eliminate the need for trust entirely.  (just wish more of them would implement it already)

This is hugely valuable and seldomly mentioned in the mainstream media.
lunarboy
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February 16, 2015, 09:56:24 PM
 #21296

Back on topic

seems the Greeks are buying gold

http://www.zerohedge.com/news/2015-02-16/greeks-are-running-towards-gold-retail-demand-increases-123
tabnloz
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February 16, 2015, 10:00:27 PM
 #21297


well, but there is a difference between losing money of government/bank-backed fiat kind and losing decentralised BTCs, right?
In the first case, there are certain guarantees to protect you from a loss, even if that means 'let's print some more money', in the latter case, once the money is gone it is gone for good. Unless the receiving party will send it back to you. I just can't find the reason for doing so.

In the former case the banks loss is covered by increasing everyones premiums and insurances or with a bail out by governments in the form of QE monetary dilution. In the latter the company that lost all the BTC either goes bankrupt or recompenses customers loss, plus all of their contemporaries are incentivised into making stronger storage systems.

When you come down to it, the primary complaint detractors have against bitcoin is they cannot socialize their own losses, that are a result of their own incompetence, on others . The prospect that they will directly bear the consequences of their own bad decisions, and not be able to force their loses on others, scares them to death.

Those of us who are sick and tired of have other people's losses forced on us (as uki promotes), look at bitcoin as a salvation.

Nailed it. Another thing is that abandoning personal responsibility for the supposed safety of the "experts" or authorities makes you incapable of critical thought and independence. You can see the same effect in pretty much every area where government is heavily involved. Nowadays people can't even educate their own children, care for their own health, plan their own retirement or handle their own money. A pretty sad state of affairs which can imo be only remedied by relocating responsibility where it belongs and where it is most effective: with the individual.

I'd suggest your taking it slightly too far here, a person can not be an expert in everything, there simply is not enough time in the day. TRUST being the key issue. I trust a teacher to provide a good education or a service to perform as they claim. Obviously due diligence is an important factor but an unwatched business will frequently cut corners/ take extra risk to make a profit. (hence the misconception regulation will improve the status quo). The point most detractors don't seem to realise is that theoretically at least, Bitcoin businesses have the potential to eliminate the need for trust entirely.  (just wish more of them would implement it already)

This is hugely valuable and seldomly mentioned in the mainstream media.

Agree. For businesses: almost instant payment, no chargeback, multisig (no siphoning off funds), smart contracts (no reneging on deals). Main thing to solve is to verify the delivery from Person A to Person B without using a third party.
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February 17, 2015, 12:09:26 AM
 #21298

I line the way these guys talk;

The Winklevoss twins have been vocal in their belief that bitcoin can match up with, or beat, the market for gold. Tyler told VICE News that if the currency can become a "better gold" — a commodity with long-term, bankable value — it could have a market cap of more than $1 trillion.

https://news.vice.com/article/a-nasdaq-for-bitcoin-vice-news-interviews-the-winklevoss-twins-about-the-future-of-cryptocurrency
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February 17, 2015, 01:17:56 AM
 #21299

so sad:

AT&T charges $29 more for gigabit fiber that doesn’t watch your Web browsing

http://arstechnica.com/business/2015/02/att-charges-29-more-for-gigabit-fiber-that-doesnt-watch-your-web-browsing/
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February 17, 2015, 02:54:48 AM
 #21300

Michael Casey, incredibly frank:

https://www.youtube.com/watch?v=_LWk_P3g2fc
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