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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 2022406 times)
justusranvier
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March 06, 2015, 06:11:46 PM
 #21701

there is a financial motive to run a free node, it isn't true altruism.
Think about why Starbucks pays to supply their customers with free wifi, and why people still pay for mobile data plans in spite of the relatively widespread access to free wifi, and it will make sense how free and paid Bitcoin nodes could co-exist.
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cypherdoc
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March 06, 2015, 06:34:04 PM
 #21702

there is a financial motive to run a free node, it isn't true altruism.
Think about why Starbucks pays to supply their customers with free wifi, and why people still pay for mobile data plans in spite of the relatively widespread access to free wifi, and it will make sense how free and paid Bitcoin nodes could co-exist.

Yes, these principles are very well articulated. 
cypherdoc
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March 06, 2015, 06:37:39 PM
 #21703

Gold getting smashed. And rightfully so.

 Welcome to the Age of Bitcoin. 
NotLambchop
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March 06, 2015, 07:04:30 PM
 #21704

Gold getting smashed. And rightfully so.

 Welcome to the Age of Bitcoin. 

You know, gold ain't half bad if we just use BTC as unit of account.
Did great in 2014 & 2015 Cool
ranlo
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March 06, 2015, 07:13:10 PM
 #21705

Gold getting smashed. And rightfully so.

 Welcome to the Age of Bitcoin. 

I still don't get why we use gold as a "standard," anyways. Why not Platinum or something more rare?


 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















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March 06, 2015, 07:16:50 PM
 #21706

We should use bitcoin, amazing store of value for the average joe.



http://media.gotraffic.net/images/ixkhK3oLG4ZE/v38/-1x-1.jpg
cypherdoc
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March 06, 2015, 08:04:19 PM
 #21707

We should use bitcoin, amazing store of value for the average joe.





Sigh  Roll Eyes
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March 06, 2015, 08:53:08 PM
 #21708

We should use bitcoin, amazing store of value for the average joe.





This chart is highly missleading. Why did you choose such an arbitrary zoom?
It is like you are implying that all people bought at exactly 900 USD.

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▓▓▓▓▓  BIT-X.comvvvvvvvvvvvvvvi
→ CREATE ACCOUNT 
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ssmc2
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March 06, 2015, 09:04:29 PM
 #21709



This chart is highly missleading. Why did you choose such an arbitrary zoom?
It is like you are implying that all people bought at exactly 900 USD.

Because troll.
leopard2
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March 06, 2015, 09:13:13 PM
 #21710

Gold is not doing bad in EUR

And keep in mind gold has done great over 20 years, when there was no Bitcoin

Gold will exist in 20 years, BTC not sure

Major reason for gold weakness is: MANIPULATION VIA PAPER GOLD

90+% of gold transactions is paper gold, futures etc; gold is created from thin air via paper certificates and sold short....the papers can never be redeemed for real gold just fiat money, therefore this can be done in an unlimited amount

Now with BTC this is impossible, because no paper BTC exist, cannot exist due to limited amount and deflationary behaviour

BTC and Gold both deserve to exist but not fiat money  Angry

Truth is the new hatespeech.
Kupsi
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9.9.2012: I predict that single digits... <- FAIL


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March 06, 2015, 09:16:00 PM
 #21711

Gold will exist in 20 years, BTC not sure

But what will the value of gold be in 20 years?
brg444
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Bitcoin replaces central, not commercial, banks


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March 06, 2015, 09:26:21 PM
 #21712

Gold is not doing bad in EUR

And keep in mind gold has done great over 20 years, when there was no Bitcoin

Gold will exist in 20 years, BTC not sure

Major reason for gold weakness is: MANIPULATION VIA PAPER GOLD

90+% of gold transactions is paper gold, futures etc; gold is created from thin air via paper certificates and sold short....the papers can never be redeemed for real gold just fiat money, therefore this can be done in an unlimited amount

Now with BTC this is impossible, because no paper BTC exist, cannot exist due to limited amount and deflationary behaviour

BTC and Gold both deserve to exist but not fiat money  Angry

Well then shouldn't we do away with gold entirely since it is so easily gamed?


"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
uki
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March 06, 2015, 09:36:38 PM
 #21713

Gold getting smashed. And rightfully so.

 Welcome to the Age of Bitcoin.  
I am afraid gold and Bitcoin are on the same side of barricade. The wrong one. The one against dollar.
Dollar is painted as the king, thus gold must be smashed, this time on the job report. and no matter the results from the previous month were corrected - lowered by 30 thousands. Show must go on, let's kick the can further.
As soon as Bitcoin emerges as a real alternative to the dollar (which is very far from, atm), expect the same. Rinse and repeat.

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maku
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March 06, 2015, 09:41:34 PM
 #21714

Gold will exist in 20 years, BTC not sure

But what will the value of gold be in 20 years?
Gold existed since the dawn of the man. I wouldn't worry of its cost in 20, 50 or even 500 years. Bitcoin from the other hand is around only for couple a years, and if something goes really wrong can disappear even faster.
iCEBREAKER
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March 06, 2015, 09:44:48 PM
 #21715

Gold will exist in 20 years, BTC not sure

But what will the value of gold be in 20 years?

The immutable value of shiny gold in 20 years will be the same as 1000 or 2000 years ago.

It will get you food, clothing, shelter, and intimate companionship.

Gold is proof of work, being born in a quasar or other extreme cosmic event.

SHA256 and ECC will be broken and forgotten long before we can duplicate the power of a supernova.


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
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cypherdoc
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March 06, 2015, 09:48:49 PM
 #21716

on our way to new lows.  that looks glorious:

uki
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March 06, 2015, 09:53:57 PM
 #21717

on our way to new lows.  that looks glorious:

-snip-
that is the price of paper gold, which in the end is just worth as much as the paper on which it is written.
Probably twenty other entities have the claim to the same piece of gold, so in the big scheme of the things this price should tend to zero.

this space is intentionally left blank
cypherdoc
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March 06, 2015, 10:41:05 PM
 #21718

on our way to new lows.  that looks glorious:

-snip-
that is the price of paper gold, which in the end is just worth as much as the paper on which it is written.
Probably twenty other entities have the claim to the same piece of gold, so in the big scheme of the things this price should tend to zero.

I agree with you. I think without all that manipulation, gold would be at $30000/oz.

I have a few extra ounces lying around that I'd  like to sell you for 50% off, or $15000/oz. I'm sure you'll agree that's a spectacular deal and would be anxious to take them off my hands. PM me and I'll hand deliver them to you asap.
uki
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March 06, 2015, 10:56:17 PM
 #21719

that is the price of paper gold, which in the end is just worth as much as the paper on which it is written.
Probably twenty other entities have the claim to the same piece of gold, so in the big scheme of the things this price should tend to zero.

I agree with you. I think without all that manipulation, gold would be at $30000/oz.

I have a few extra ounces lying around that I'd  like to sell you for 50% off, or $15000/oz. I'm sure you'll agree that's a spectacular deal and would be anxious to take them off my hands. PM me and I'll hand deliver them to you asap.
I do have a nice stash of PMs as part of my portfolio already, and I am adding on the dips. Mainly silver though.
Don't think $30k per oz of gold is realistic, either.
Oh, and one more thing. Have a look at gold vs. € chart, to see that gold is not doing that bad as you think. Do the same for JPY vs. gold and GBP vs. gold. It is the dollar-king game.

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cypherdoc
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March 06, 2015, 11:13:58 PM
 #21720

that is the price of paper gold, which in the end is just worth as much as the paper on which it is written.
Probably twenty other entities have the claim to the same piece of gold, so in the big scheme of the things this price should tend to zero.

I agree with you. I think without all that manipulation, gold would be at $30000/oz.

I have a few extra ounces lying around that I'd  like to sell you for 50% off, or $15000/oz. I'm sure you'll agree that's a spectacular deal and would be anxious to take them off my hands. PM me and I'll hand deliver them to you asap.
I do have a nice stash of PMs as part of my portfolio already, and I am adding on the dips. Mainly silver though.
Don't think $30k per oz of gold is realistic, either.
Oh, and one more thing. Have a look at gold vs. € chart, to see that gold is not doing that bad as you think. Do the same for JPY vs. gold and GBP vs. gold. It is the dollar-king game.

Shucks. I was sure you were going to go for it.

Actually Bill Bonner agrees with you. He also threw in a plug for Bitcoin. I'm sure that has to do with that sub writer of his that writes for the Daily Reckoning.

I still think the dollar will be sacrificed in the end to preserve the UST market ala Japan. We'll see :

http://moneyweek.com/bill-bonner-interview/
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