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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1977659 times)
marcus_of_augustus
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April 06, 2015, 11:10:37 PM
 #22521

If the government wants to mine bitcoins they can compete with every other miner on the planet to acquire the 42% of bitcoins that remain to be created. However, like gold, they can't print additional Bitcoins out of thin air.

think there is less than 33% remaining ..

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cypherdoc
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April 06, 2015, 11:28:36 PM
 #22522

If the government wants to mine bitcoins they can compete with every other miner on the planet to acquire the 42% of bitcoins that remain to be created. However, like gold, they can't print additional Bitcoins out of thin air.

they would be welcome to do so.  in fact, i'd advise the USG to get on it as China is way ahead of them, in terms of private mining.
rocks
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April 07, 2015, 02:01:20 AM
 #22523

Quote
now this is pretty funny:

ridicule is an effective political medium but the sociological undertones are quite telling and sending a poignant message ... this is a direct challenge to the legitimacy of the State which is being increasingly seen as rogue and operating outside the consent of the governed. War memorials are places of quasi-religious State worship, nationalism or at minimum national pride.

Expect an over-reaction from the National Socialists.

An over-reaction would expose a lot.

There is a good chunk of the population who believe Snowden is a hero, and strongly disagree with the terrorist/criminal label the state has placed on him. An overreaction would expose this difference very clearly, which just might lead to more active support for Snowden in reaction to government actions.

There has not been any true grass roots push back against the state in the US in some time. Being fed up with the emerging surveillance / police state is something that cuts across the political spectrum.
lebing
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April 07, 2015, 07:12:38 AM
 #22524

Quote
now this is pretty funny:

ridicule is an effective political medium but the sociological undertones are quite telling and sending a poignant message ... this is a direct challenge to the legitimacy of the State which is being increasingly seen as rogue and operating outside the consent of the governed. War memorials are places of quasi-religious State worship, nationalism or at minimum national pride.

Expect an over-reaction from the National Socialists.

An over-reaction would expose a lot.

There is a good chunk of the population who believe Snowden is a hero, and strongly disagree with the terrorist/criminal label the state has placed on him. An overreaction would expose this difference very clearly, which just might lead to more active support for Snowden in reaction to government actions.

There has not been any true grass roots push back against the state in the US in some time. Being fed up with the emerging surveillance / police state is something that cuts across the political spectrum.

Agreed. Additionally, I would say this is probably the most brilliant thing an artist has done since Banksy first came on the scene.

Bro, do you even blockchain?
-E Voorhees
Erdogan
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April 07, 2015, 07:48:58 AM
 #22525

Quote
now this is pretty funny:

ridicule is an effective political medium but the sociological undertones are quite telling and sending a poignant message ... this is a direct challenge to the legitimacy of the State which is being increasingly seen as rogue and operating outside the consent of the governed. War memorials are places of quasi-religious State worship, nationalism or at minimum national pride.

Expect an over-reaction from the National Socialists.

An over-reaction would expose a lot.

There is a good chunk of the population who believe Snowden is a hero, and strongly disagree with the terrorist/criminal label the state has placed on him. An overreaction would expose this difference very clearly, which just might lead to more active support for Snowden in reaction to government actions.

There has not been any true grass roots push back against the state in the US in some time. Being fed up with the emerging surveillance / police state is something that cuts across the political spectrum.

Agreed. Additionally, I would say this is probably the most brilliant thing an artist has done since Banksy first came on the scene.

That didn't take long:

http://www.smh.com.au/world/statue-that-cast-edward-snowden-as-a-hero-removed-and-held-by-new-york-police-20150407-1mfjyl.html

NotHatinJustTrollin
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April 07, 2015, 12:11:33 PM
 #22526

LOL at anybody saying BTC mining is decentralized:


https://bitcointalk.org/index.php?topic=969823.0
uki
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April 07, 2015, 01:22:33 PM
 #22527

meanwhile, we have a nice pop in gold after Friday's job report. If the $1220 resistance gives way, there is a room for an attack at 2015 top at $1307.
That is the highest gold can go before summer.
Weakening of dollar should be also Bitcoin-positive, shouldn't it?

thezerg
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April 07, 2015, 03:21:39 PM
 #22528

http://www.marketwatch.com/story/greeces-cash-crunch-is-getting-serious-2015-04-06?dist=lcountdown

"A Greek national bank holidays on Friday and Monday, in observance of Orthodox Good Friday and Easter..."  didn't Cyprus take advantage of bank holidays?
Fabrizio89
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April 07, 2015, 03:38:27 PM
 #22529

Yes they did.

https://1broker.com/m/r.php?i=2479
Trade stocks, commodities, currencies with bitcoins! Up to 200x Leverage.
Meuh6879
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April 07, 2015, 03:46:50 PM
 #22530

LOL at anybody saying BTC mining is decentralized:


https://bitcointalk.org/index.php?topic=969823.0

and this facility ... only mine 16% of the daily created bitcoin.  Kiss

Miner ses bitcoins tout seul, et oui --->>SUJET||               Bitcoin change everything --->>MOVIE||
Bitcoin build an EXIT door --->>MOVIE||                  Bitcoin is not a nation, it's THE world --->>MOVIE||
sporket
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April 07, 2015, 04:16:54 PM
 #22531

LOL at anybody saying BTC mining is decentralized:


https://bitcointalk.org/index.php?topic=969823.0

and this facility ... only mine 16% of the daily created bitcoin.  Kiss

Well, the rest of the hashpower is in a few hangars Undecided

ranlo
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April 07, 2015, 04:22:15 PM
 #22532

meanwhile, we have a nice pop in gold after Friday's job report. If the $1220 resistance gives way, there is a room for an attack at 2015 top at $1307.
That is the highest gold can go before summer.
Weakening of dollar should be also Bitcoin-positive, shouldn't it?

Theoretically, as the dollar weakens, more money should go into stocks, metals, bitcoin, etc. The problem here is that people are being urged to steer clear of BTC due to the massive number of scams and thefts. The more people steal from one another, the harder it is to get people involved, which is going to limit BTC's growth potential. These scammers are screwing everyone over -- even themselves.


 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















Earn Devcoins by Writing
sidhujag
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April 07, 2015, 04:24:21 PM
 #22533

rand paul is running for pres.. is he pro bitcoin?

★☆★Syscoin - Decentralized Marketplace and Multisig Platform
Pay with Bitcoin, ZCash and many more
For more visit Syscoin.org  ★☆★
cypherdoc
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April 07, 2015, 04:30:14 PM
 #22534

rand paul is running for pres.. is he pro bitcoin?

http://thehill.com/policy/technology/238056-pauls-presidential-campaign-accepts-bitcoin
cypherdoc
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April 07, 2015, 04:53:34 PM
 #22535

valiant attempt to save the bacon.  i doubt it's gonna last:

tabnloz
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April 07, 2015, 05:06:54 PM
 #22536

meanwhile, we have a nice pop in gold after Friday's job report. If the $1220 resistance gives way, there is a room for an attack at 2015 top at $1307.
That is the highest gold can go before summer.
Weakening of dollar should be also Bitcoin-positive, shouldn't it?

Theoretically, as the dollar weakens, more money should go into stocks, metals, bitcoin, etc. The problem here is that people are being urged to steer clear of BTC due to the massive number of scams and thefts. The more people steal from one another, the harder it is to get people involved, which is going to limit BTC's growth potential. These scammers are screwing everyone over -- even themselves.

Scams and thefts but also the 'don't fight the Fed' mentality; stocks have tripled since 09.

I think that bitcoin won't have the 'slow and gradual adoption' over time. When the time comes it will be swift and brutal.
cypherdoc
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April 07, 2015, 05:25:02 PM
 #22537

meanwhile, we have a nice pop in gold after Friday's job report. If the $1220 resistance gives way, there is a room for an attack at 2015 top at $1307.
That is the highest gold can go before summer.
Weakening of dollar should be also Bitcoin-positive, shouldn't it?

Theoretically, as the dollar weakens, more money should go into stocks, metals, bitcoin, etc. The problem here is that people are being urged to steer clear of BTC due to the massive number of scams and thefts. The more people steal from one another, the harder it is to get people involved, which is going to limit BTC's growth potential. These scammers are screwing everyone over -- even themselves.

Scams and thefts but also the 'don't fight the Fed' mentality; stocks have tripled since 09.

I think that bitcoin won't have the 'slow and gradual adoption' over time. When the time comes it will be swift and brutal.

yes, i've said before that i think volatility is our destiny; at least until the issuance curve flattens out more.  but that's not a bad thing.  lotsa money to be made if you time it right. and it's simply a reflection of the tremendous disagreement and early nature of Bitcoin as a concept.  it's also why alot of us believe in the binary nature of Bitcoin with a likely outcome of UP.  

it's only a matter of time before the dam breaks.
sporket
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April 07, 2015, 05:32:04 PM
 #22538

... it's also why alot of us believe in the binary nature of Bitcoin with a likely outcome of UP.  
...

And there I was, thinking it was just paranoia-tinged senile dementia.  Learn something new every day Smiley
sidhujag
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April 07, 2015, 05:41:26 PM
 #22539


Heres our guy!

★☆★Syscoin - Decentralized Marketplace and Multisig Platform
Pay with Bitcoin, ZCash and many more
For more visit Syscoin.org  ★☆★
tabnloz
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April 07, 2015, 05:42:26 PM
 #22540

... it's also why alot of us believe in the binary nature of Bitcoin with a likely outcome of UP.  
...

And there I was, thinking it was just paranoia-tinged senile dementia.  Learn something new every day Smiley

It's hard to keep track of you playing the long game. Just use the NLC account and jettison the rest.

I doubt you'd be here if you didn't find some validity in Cypherdoc's theory; even if you bought a handful @500 the risk is asymmetric, large potential upside.
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