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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 1803955 times)
molecular
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April 22, 2015, 05:59:28 AM
 #22961

2bitidiot's latest

https://medium.com/@twobitidiot/bitcoin-the-global-reserve-9e61d6954533

contains link to Vinny Lingham paraphrased quote from Bitcoin Africa conference

"The biggest buyers of bitcoin in the next few years will be government"

quite bullish outlook Wink.

What would it look like should a central bank decide to acquire a stash of BTC? Would that be a public policy decision made transparent before the market operation is going to be conducted?

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April 22, 2015, 06:05:04 AM
 #22962

Meet The Secretive Group That Runs The World:
http://www.zerohedge.com/news/2015-04-11/meet-secretive-group-runs-world

centralization much?


edit: regarding the negative interest rates, it hit me that the lifetime of those bonds indicate the central bankers 'opinion' about the schedule of the upcoming crisis.
they'd rather pay to lend money to Govs than just sit on their pile of money. Swiss has neg interest rates up to 10 y bonds, France up to 5 y, etc.. So swiss is likely to resist the crisis for the next 10 y or so, whilst France may only have 5 more years.. What's interesting is that banks dont seem to be in full control of Govs since they pay neg interest rates to hedge their risk. Hence, the Govs will have their own agenda when it all pops down, and banks can only "play nice" with them for now..
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April 22, 2015, 06:07:26 AM
 #22963

2bitidiot's latest

https://medium.com/@twobitidiot/bitcoin-the-global-reserve-9e61d6954533

contains link to Vinny Lingham paraphrased quote from Bitcoin Africa conference

"The biggest buyers of bitcoin in the next few years will be government"

quite bullish outlook Wink.

What would it look like should a central bank decide to acquire a stash of BTC? Would that be a public policy decision made transparent before the market operation is going to be conducted?

The IMF flirted with the idea of acquiring BTC in 2013....

http://diyhpl.us/~bryan/papers2/bitcoin/Regulating%20digital%20currencies%20-%20bringing%20Bitcoin%20within%20the%20reach%20of%20the%20IMF.pdf
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April 22, 2015, 07:32:37 AM
 #22964

2bitidiot's latest

https://medium.com/@twobitidiot/bitcoin-the-global-reserve-9e61d6954533

contains link to Vinny Lingham paraphrased quote from Bitcoin Africa conference

"The biggest buyers of bitcoin in the next few years will be government"

quite bullish outlook Wink.

What would it look like should a central bank decide to acquire a stash of BTC? Would that be a public policy decision made transparent before the market operation is going to be conducted?

The IMF flirted with the idea of acquiring BTC in 2013....

http://diyhpl.us/~bryan/papers2/bitcoin/Regulating%20digital%20currencies%20-%20bringing%20Bitcoin%20within%20the%20reach%20of%20the%20IMF.pdf




Only had a brief look but some interesting nuggets of info. This was a long time ago in the Bitcoin world but shows the IMF had put some time into studying it early on and measured up its potential impact. I cherrypicked two bits from p20.


"Second, regulating Bitcoin falls squarely within the
IMF’s goals["/b]


"As such, the IMF could require member nations
to pay part of their subscription quota with Bitcoins.
160 This would require member nations to
purchase Bitcoins independently"
tabnloz
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April 22, 2015, 08:37:19 AM
 #22965

ECB Prepares To Sacrifice Greek Banks With 50% Collateral Haircut

http://www.zerohedge.com/news/2015-04-21/ecb-prepares-sacrifice-greek-banks-50-collateral-haircut
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April 22, 2015, 08:41:24 AM
 #22966

2bitidiot's latest

https://medium.com/@twobitidiot/bitcoin-the-global-reserve-9e61d6954533

contains link to Vinny Lingham paraphrased quote from Bitcoin Africa conference

"The biggest buyers of bitcoin in the next few years will be government"


Ryan's comin' back around. I especially liked: "I’m increasingly convinced that Wences et al have been right all along with bitcoin as a value store (reserve) emerging as its hidden-in-plain-sight killer app."

Duh - we've been saying that for years in this thread!....but it's easy for the VC crowd to get caught up in all the other hype for a while, I suppose.


Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
Best info on Casascius coins: http://spotcoins.com/casascius
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April 22, 2015, 09:25:09 AM
 #22967

2bitidiot's latest

https://medium.com/@twobitidiot/bitcoin-the-global-reserve-9e61d6954533

contains link to Vinny Lingham paraphrased quote from Bitcoin Africa conference

"The biggest buyers of bitcoin in the next few years will be government"


Ryan's comin' back around. I especially liked: "I’m increasingly convinced that Wences et al have been right all along with bitcoin as a value store (reserve) emerging as its hidden-in-plain-sight killer app."

Duh - we've been saying that for years in this thread!....but it's easy for the VC crowd to get caught up in all the other hype for a while, I suppose.



Imho, Bitcoin emerged as retaliation from techies/intelligencia to central banks power.

Now we have Sillicon Valley's startups messing around with financial services, which were traditionally banks mojo.

VCs better start stacking up bitcoins instead of funding scams tho.
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April 22, 2015, 09:52:59 AM
 #22968

2bitidiot's latest

https://medium.com/@twobitidiot/bitcoin-the-global-reserve-9e61d6954533

contains link to Vinny Lingham paraphrased quote from Bitcoin Africa conference

"The biggest buyers of bitcoin in the next few years will be government"

Well, I'll be... 
cypherdoc
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April 22, 2015, 09:57:02 AM
 #22969

2bitidiot's latest

https://medium.com/@twobitidiot/bitcoin-the-global-reserve-9e61d6954533

contains link to Vinny Lingham paraphrased quote from Bitcoin Africa conference

"The biggest buyers of bitcoin in the next few years will be government"

quite bullish outlook Wink.

What would it look like should a central bank decide to acquire a stash of BTC? Would that be a public policy decision made transparent before the market operation is going to be conducted?

The IMF flirted with the idea of acquiring BTC in 2013....

http://diyhpl.us/~bryan/papers2/bitcoin/Regulating%20digital%20currencies%20-%20bringing%20Bitcoin%20within%20the%20reach%20of%20the%20IMF.pdf

No, author was simply a graduate international economics student in Chicago at the time. Simply  his opinions, though  good.
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April 22, 2015, 10:11:52 AM
 #22970

2bitidiot's latest

https://medium.com/@twobitidiot/bitcoin-the-global-reserve-9e61d6954533

contains link to Vinny Lingham paraphrased quote from Bitcoin Africa conference

"The biggest buyers of bitcoin in the next few years will be government"

quite bullish outlook Wink.

What would it look like should a central bank decide to acquire a stash of BTC? Would that be a public policy decision made transparent before the market operation is going to be conducted?

The IMF flirted with the idea of acquiring BTC in 2013....

http://diyhpl.us/~bryan/papers2/bitcoin/Regulating%20digital%20currencies%20-%20bringing%20Bitcoin%20within%20the%20reach%20of%20the%20IMF.pdf

No, author was simply a graduate international economics student in Chicago at the time. Simply  his opinions, though  good.
Yep, my bad. He now specialises in IP litigation/law.....which obviously he is wasted at.  Tongue
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April 22, 2015, 10:13:35 AM
 #22971

2bitidiot's latest

https://medium.com/@twobitidiot/bitcoin-the-global-reserve-9e61d6954533

contains link to Vinny Lingham paraphrased quote from Bitcoin Africa conference

"The biggest buyers of bitcoin in the next few years will be government"


Ryan's comin' back around. I especially liked: "I’m increasingly convinced that Wences et al have been right all along with bitcoin as a value store (reserve) emerging as its hidden-in-plain-sight killer app."

Duh - we've been saying that for years in this thread!....but it's easy for the VC crowd to get caught up in all the other hype for a while, I suppose.



Imho, Bitcoin emerged as retaliation from techies/intelligencia to central banks power.

Now we have Sillicon Valley's startups messing around with financial services, which were traditionally banks mojo.

VCs better start stacking up bitcoins instead of funding scams tho.

This is what is happening. And it's a  huge problem for the financial folks because it is precisely the tech folks who provide them with their online virtual weapons.  They don't have the first idea about how those weapons work nor how to build them themselves. They hire out tech mercenaries to do their dirty work but eventually those guys figure out the math and will privately defect.

They're rotting from the inside out and they're beginning to wonder why they're  feeling nauseous.
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April 22, 2015, 10:33:36 AM
 #22972

http://thenextweb.com/insider/2015/04/16/bitcoin-is-the-worlds-most-dangerous-idea/

weird that journalists either have no clue about bitcoin or hate the whole thing, while others think it will basically change the world.


Quote
The blockchain might be the ultimate protocol to support this kind of global digital nation. With bitcoin blockchain there are no borders or limits. Blockchain cracks Pandora’s Box. It’s a rabbit hole inside of a rabbit hole inside of a rabbit hole…







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April 22, 2015, 11:05:20 AM
 #22973

http://thenextweb.com/insider/2015/04/16/bitcoin-is-the-worlds-most-dangerous-idea/

weird that journalists either have no clue about bitcoin or hate the whole thing, while others think it will basically change the world.


Quote
The blockchain might be the ultimate protocol to support this kind of global digital nation. With bitcoin blockchain there are no borders or limits. Blockchain cracks Pandora’s Box. It’s a rabbit hole inside of a rabbit hole inside of a rabbit hole…


... it reads like he went to the SR and it blew his mind.

I'm liking all this angst again coming out of the mainstream exactly "wtf? is bitcoin", is it this? is it that?  ... they realise it is not going to die or be coopted and so they must grapple with getting a strategy together to conceptualise/deal with it. The "blockchain not bitcoin" soundbite myth dissolved on them.

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April 22, 2015, 11:11:35 AM
 #22974

This is what is happening. And it's a  huge problem for the financial folks because it is precisely the tech folks who provide them with their online virtual weapons.  They don't have the first idea about how those weapons work nor how to build them themselves. They hire out tech mercenaries to do their dirty work but eventually those guys figure out the math and will privately defect.

They're rotting from the inside out and they're beginning to wonder why they're  feeling nauseous.
http://gizmodo.com/dhs-secretary-begs-silicon-valley-to-stop-the-encryptio-1699273657

http://uk.reuters.com/article/2015/04/21/uk-britain-security-tech-idUKKBN0NC1HX20150421
molecular
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April 22, 2015, 11:22:54 AM
 #22975

2bitidiot's latest

https://medium.com/@twobitidiot/bitcoin-the-global-reserve-9e61d6954533

contains link to Vinny Lingham paraphrased quote from Bitcoin Africa conference

"The biggest buyers of bitcoin in the next few years will be government"

quite bullish outlook Wink.

What would it look like should a central bank decide to acquire a stash of BTC? Would that be a public policy decision made transparent before the market operation is going to be conducted?

The IMF flirted with the idea of acquiring BTC in 2013....

http://diyhpl.us/~bryan/papers2/bitcoin/Regulating%20digital%20currencies%20-%20bringing%20Bitcoin%20within%20the%20reach%20of%20the%20IMF.pdf




Only had a brief look but some interesting nuggets of info. This was a long time ago in the Bitcoin world but shows the IMF had put some time into studying it early on and measured up its potential impact. I cherrypicked two bits from p20.


"Second, regulating Bitcoin falls squarely within the
IMF’s goals["/b]


"As such, the IMF could require member nations
to pay part of their subscription quota with Bitcoins.
160 This would require member nations to
purchase Bitcoins independently"


omfg. Who do I need to call to make this happen?

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
molecular
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April 22, 2015, 11:25:11 AM
 #22976

2bitidiot's latest

https://medium.com/@twobitidiot/bitcoin-the-global-reserve-9e61d6954533

contains link to Vinny Lingham paraphrased quote from Bitcoin Africa conference

"The biggest buyers of bitcoin in the next few years will be government"


Ryan's comin' back around. I especially liked: "I’m increasingly convinced that Wences et al have been right all along with bitcoin as a value store (reserve) emerging as its hidden-in-plain-sight killer app."

Duh - we've been saying that for years in this thread!....but it's easy for the VC crowd to get caught up in all the other hype for a while, I suppose.



Of course... if you've missed the boat, you don't want it to be true. It's become increasingly easier (cheaper) to get into the boat, though... so maybe some of the startup-investors (or startups themselves) manage to increase their "pure BTC side-bets" and the tides are turning.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
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April 22, 2015, 02:29:00 PM
 #22977

The Science Is Settled!!!

Is Economics a science now?
The results just seem to be for sale to the highest bidders.
The international war on cash is accelerating.

What's next?...fine art, rare goods, will only exist in registries with a bank?
After cash is banned, it's likely gold will be next. They tried it once before and this time they will succeed. While nations are trying to repatriate their gold and Wall Street issues paper gold, physical gold itself will be under attack.

Well, I think their goal is not just to make life miserable, but to actually end it. It is illogical (to me, I am open to ideas!) that the Matrix-type total slavery as just the provider of energy without free will, movement etc would be the final goal.

- They don't need it. Robotics can provide all the stuff that is needed, at max the "needed" amount of human servants could be a few times the population of the masters.
- If possible, to avoid retaliation, as much people as possible should be killed at once, once the killing begins. They can always be let multiply afterwards when control is easier.
- It has never happened in history that a country build concentration camps and they will not soon be filled with dissidents. (Or think of prisons if camp feels too bad.) Never. They have always been "correct" in estimating the "need"  Tongue This is a dire warning to the thinking people in the USA. According to historical evidence, you are targeted for extermination. Reversing the course of the tide is wishwork, battling against it may in some cases be heroic, but escaping it is not very stupid either.

To not sound repetitive, I repeat:

The implicit goal in the actions that the money masters are doing, is total control and enslavement of mankind. It is already much further than most readers are able to understand.

If that wasn't enough, they also have the explicit goal of killing off at least 90% of all people. While they have had the goal for decades at least, the reality has gone to the opposite direction. It is quite plausible that since reaching the total control of mankind enables killing off 90%, and both are the goals, one would follow the other.

People are deficient in logic since they cannot comprehend this, drugged in the mind since they don't care about this, and hopelessly conditioned to lick their money masters' a$$ since they believe that this would not happen even though their masters say it will, and the people themselves are assisting it by staying in their jobs, in their tyrannical countries, not speaking out, not helping their neighbor when he is targeted, ...

The only thing required for evil to triumph is that the good men do nothing.

I am disappointed that the prosperity of the 1960s in the USA created a generation that has allowed all their liberties taken away from them in 50 years, and soon their life as well.

One of the saddest things i ever saw was Detroit after the auto industry debacle...they outsourced the jobs and killed the middle class with one click of the mouse imho!The fed used to lower rates if unemployed rose which fired up the mfg creating more jobs and lowering employment again...yada yada yada! Now the fed lost a trick out of the bag because of corporate greed!!! But hey what do I know? Chef thinks I'm a creeper as my daughter jax would say!
Peace and love....and remember peace excels all thought! Night!

In case anyone missed it, the proposal in
http://www.bloomberg.com/news/articles/2015-04-10/citi-economist-says-it-might-be-time-to-abolish-cash

Includes "Remove the fixed exchange rate between currency and central bank reserves/deposits."
This takes inflation to a whole new level.

When things like this are seriously proposed by the heads of the largest banks, we should understand that this is our time.  We must make the most of it or be doomed.

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
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April 22, 2015, 03:17:46 PM
 #22978

In case anyone missed it, the proposal in
http://www.bloomberg.com/news/articles/2015-04-10/citi-economist-says-it-might-be-time-to-abolish-cash

Includes "Remove the fixed exchange rate between currency and central bank reserves/deposits."
This takes inflation to a whole new level.

When things like this are seriously proposed by the heads of the largest banks, we should understand that this is our time.  We must make the most of it or be doomed.
I've heard rumours of a trend among deep-pocketed individuals of warehousing physical cash.

These trial balloons being floated about devaluing/banning cash might be aimed at them as a warning to knock it off.
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April 22, 2015, 03:38:37 PM
 #22979

oh noes.  silver leading:

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April 22, 2015, 04:06:27 PM
 #22980

2bitidiot's latest

https://medium.com/@twobitidiot/bitcoin-the-global-reserve-9e61d6954533

contains link to Vinny Lingham paraphrased quote from Bitcoin Africa conference

"The biggest buyers of bitcoin in the next few years will be government"


Ryan's comin' back around. I especially liked: "I’m increasingly convinced that Wences et al have been right all along with bitcoin as a value store (reserve) emerging as its hidden-in-plain-sight killer app."

Duh - we've been saying that for years in this thread!....but it's easy for the VC crowd to get caught up in all the other hype for a while, I suppose.



Imho, Bitcoin emerged as retaliation from techies/intelligencia to central banks power.

Now we have Sillicon Valley's startups messing around with financial services, which were traditionally banks mojo.

VCs better start stacking up bitcoins instead of funding scams tho.

I think this is happening, they first need to use their abilities to get BTC (earn it) when the metaphysical block halving happens (aka competition) they will start buying in. This may also happy at the same time as the actual block halving.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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