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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2028275 times)
brg444
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Bitcoin replaces central, not commercial, banks


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April 11, 2015, 06:44:16 PM
 #22681

Blockstream recruiting more brainpower to work on sidechains. Impressive addition

https://plus.google.com/103188246877163594460/posts/WTrnyFsRmHv


"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
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April 11, 2015, 08:10:08 PM
 #22682

Blockstream recruiting more brainpower to work on sidechains. Impressive addition

https://plus.google.com/103188246877163594460/posts/WTrnyFsRmHv
Wow, I listened to his talk about the idea to scale bitcoin and that guy seems to really get it.

Great addiction for the blockstream team!

Articoli bitcoin: Il portico dipinto
brg444
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April 11, 2015, 09:07:54 PM
 #22683

Blockstream recruiting more brainpower to work on sidechains. Impressive addition

https://plus.google.com/103188246877163594460/posts/WTrnyFsRmHv
Wow, I listened to his talk about the idea to scale bitcoin and that guy seems to really get it.

Great addiction for the blockstream team!

Do you have a link?

"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
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April 11, 2015, 09:26:51 PM
 #22684

Do you have a link?
Pettycoin: Losing Tiny Amounts of Bitcoin At Scale! [linux.conf.au 2014]
Pettycoin: Towards 1.0

Articoli bitcoin: Il portico dipinto
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April 12, 2015, 02:20:21 PM
 #22685

British banking scandals have wiped out 60% of profits since 2011

http://uk.businessinsider.com/kpmg-british-banking-profit-report-and-scandal-costs-2015-4
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April 12, 2015, 04:26:31 PM
 #22686

Actually, gold is just gold. Its just been worshiped as the best proxy for exchanging things the longest.  But make no mistake, the idea of putting "faith" in gold is no different than putting "faith" in something like bitcoin.  It's an idea competing for followers.  Nothing more, nothing less.  How many people believe in it, embrace it, write books about it, develop industry and education around it and develop a full working economy around it is what takes it from an idea to global proxy of exchange.
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April 12, 2015, 04:34:18 PM
 #22687

Actually, gold is just gold. Its just been worshiped as the best proxy for exchanging things the longest.  But make no mistake, the idea of putting "faith" in gold is no different than putting "faith" in something like bitcoin.  It's an idea competing for followers.  Nothing more, nothing less.  How many people believe in it, embrace it, write books about it, develop industry and education around it and develop a full working economy around it is what takes it from an idea to global proxy of exchange.
Faith isn't the best word. You don't need faith to use them because you have faith In the science behind them and the experts that certify them.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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April 12, 2015, 04:46:12 PM
 #22688

Actually, gold is just gold. Its just been worshiped as the best proxy for exchanging things the longest.  But make no mistake, the idea of putting "faith" in gold is no different than putting "faith" in something like bitcoin.  It's an idea competing for followers.  Nothing more, nothing less.  How many people believe in it, embrace it, write books about it, develop industry and education around it and develop a full working economy around it is what takes it from an idea to global proxy of exchange.
Faith isn't the best word. You don't need faith to use them because you have faith In the science behind them and the experts that certify them.

We put faith not only into the math but also into the Game Theory.

But then Nash put math into the Game Theory.
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April 12, 2015, 05:00:08 PM
 #22689

Actually, gold is just gold. Its just been worshiped as the best proxy for exchanging things the longest.  But make no mistake, the idea of putting "faith" in gold is no different than putting "faith" in something like bitcoin.  It's an idea competing for followers.  Nothing more, nothing less.  How many people believe in it, embrace it, write books about it, develop industry and education around it and develop a full working economy around it is what takes it from an idea to global proxy of exchange.

I never saw gold and Bitcoin as being competitors.  At least when viewed from a personal perspective.  They complement one another.  They have some very key elements in common with one another (chiefly, and absence of counter-party risk) but in other ways they are fairly different.  Obviously Bitcoin is much newer and less well understood.  Evolutionary life-cycle forces make Bitcoin much more risky and volatile.  That is fine.  More than fine, actually, and there is certainly a place for such a thing in my portfolio.  I am delighted that such an item exists and exhibits the counter-party risk profile which is especially important to me.


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April 13, 2015, 04:41:00 AM
 #22690

Actually, gold is just gold. Its just been worshiped as the best proxy for exchanging things the longest.  But make no mistake, the idea of putting "faith" in gold is no different than putting "faith" in something like bitcoin.  It's an idea competing for followers.  Nothing more, nothing less.  How many people believe in it, embrace it, write books about it, develop industry and education around it and develop a full working economy around it is what takes it from an idea to global proxy of exchange.
Faith isn't the best word. You don't need faith to use them because you have faith In the science behind them and the experts that certify them.

We put faith not only into the math but also into the Game Theory.

But then Nash put math into the Game Theory.
Then he put the math into the consensus protocol named the blockchain

★☆★Syscoin - Decentralized Marketplace and Multisig Platform
Pay with Bitcoin, ZCash and many more
For more visit Syscoin.org  ★☆★
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April 13, 2015, 10:58:12 AM
 #22691

Bitcoin burrowing deeper:

http://www.business-standard.com/article/companies/infosys-to-re-engineer-finacle-revamp-compensation-structure-115041300355_1.html
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April 13, 2015, 02:14:09 PM
 #22692

http://trendfollowingradio.com/ep-335-andreas-antonopoulos-harry-yeh-interview-with-michael-covel-on-trend-following-radio

This guy gets a lot of listeners. Great interview with Andreas A.
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April 13, 2015, 03:21:47 PM
 #22693


Both of them did a great job.
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April 13, 2015, 03:45:25 PM
 #22694

alot of us like to follow Uber to get an idea of how another disruptive tech that goes straight up against an entrenched incumbent is fairing.  apparently quite well.  that is good news:

http://www.bloomberg.com/news/articles/2015-04-07/uber-is-winning-over-americans-expense-accounts
zanzibar
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April 13, 2015, 04:13:29 PM
 #22695

alot of us like to follow Uber to get an idea of how another disruptive tech that goes straight up against an entrenched incumbent is fairing.  apparently quite well.  that is good news:

http://www.bloomberg.com/news/articles/2015-04-07/uber-is-winning-over-americans-expense-accounts

Now if they will start accepting bitcoin already....

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cypherdoc
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April 13, 2015, 04:22:31 PM
 #22696

alot of us like to follow Uber to get an idea of how another disruptive tech that goes straight up against an entrenched incumbent is fairing.  apparently quite well.  that is good news:

http://www.bloomberg.com/news/articles/2015-04-07/uber-is-winning-over-americans-expense-accounts

Now if they will start accepting bitcoin already....

i think that is inevitable.
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April 13, 2015, 04:45:26 PM
 #22697

Jon Stewart taught us that sometimes it takes a comedian to tell us the truth.  presenting Scott Rose:

https://www.youtube.com/watch?v=EzFOwFXlR48
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April 13, 2015, 04:53:19 PM
 #22698

I guess Bitcoin isn't the only platform for criminals  Smiley  http://techcrunch.com/2015/04/12/behind-paypals-foreign-assets-violations/

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April 13, 2015, 05:02:42 PM
 #22699

Sorry for machine gun posts, but thought this was worth a read: http://jlfmi.tumblr.com/post/116043045720/is-the-british-pound-the-next-currency-to

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April 13, 2015, 05:05:52 PM
 #22700

Jon Stewart taught us that sometimes it takes a comedian to tell us the truth.  presenting Scott Rose:

https://www.youtube.com/watch?v=EzFOwFXlR48

Jon Stewart tells the truth? He really only tells half of the whole truth, the half that his very ideological audience wants to hear. In ignoring the other half of the truth and only bashing one side, he in effect presents a falsehood. At least that has always been what I've seen.
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