Gold collapsing. Bitcoin UP.

[smooth]

Nice graphic. Inference of course being trillions, i.e. btc at about 1 million USD, which by the way is the number Wences Casares has used (he is also featured in that article).

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[rocks]

when will people finally figure out that changing a guy on top of the power-structure doesn't bring about any meaningful change? We've tried and tried and still can't seem to vote in the "right people", yet so many people still cling to this idea of "if only we could vote in the right, honest and competent politicians all would be well". I'd really love to see the most benevolent and competent of all people put into positions of power, just to prove once and for all that it doesn't change anything. And they call my anarchist fantasies naive...hey those are at least something we haven't tried a gazillion times yet!

Well to be fair, a few people figured that out in the late 1700s. Even in a monarchy where the top supposedly can command anything, it is really the bureaucratic machine that determines everything. Even an economy in the late renaissance period was too large for any one king to actually understand and control. Today I don't think a president even has enough hours in a year to be briefed on all the various aspect of our economy, let alone have enough understanding to do anything meaningful. The top really only has time to implement and push through a few pet projects and almost always this expands government.

And in the US the top having very little actual control is suppose to be OK and by design. In a constitutional republic where power is balanced between the states and the federal gov, the federal level is quite limited by what it can do. So it doesn't matter that the top (i.e. the President) has little actual control, because decision making is distributed throughout the system, and largely pushed out to local governments. This worked really well for ~100 years.

But then the federal level took a tremendous amount of power over time, however the top still has very little actual control. This is what has created today's mess where the federal government is simply out of control. The bureaucratic machine has no check against it, the states can't stop it and the President can't stop it. Which is why we are quickly moving into a surveillance police state. It will all continue until the state runs out of money, which will only happen AFTER we have all been picked dry.

[molecular]

i like your drift. Bitcoin in the center aka nucleus.

The only material thing... like a stone dropped into some fluid or some charge in a field. The stuff around it? Just ripples.

[stereotype]

i like your drift. Bitcoin in the center aka nucleus.

The only material thing... like a stone dropped into some fluid or some charge in a field. The stuff around it? Just ripples.

....and those ripples, weaken in amplitude!

[Chalkbot]

Just read the NYT article on Bitcoin & Argentina. Quite a large piece devoted to Wences' story and the timeline of him evangelising to Silicon Valley friends (paypal, linkedin, microsoft heads) during March 2013. Coinciding with the Cyprus event, that conference may have triggered his disciplies  into buying in and been responsible for the explosive upshot from $2-$36-$266

http://www.nytimes.com/2015/05/03/magazine/how-bitcoin-is-disrupting-argentinas-economy.html?_r=0

Interesting quote

“The power of friction-free transactions over the Internet will unleash the typical forces of consolidation and globalization, and we will end up with six digital currencies: US Dollar, euro, Yen, Pound, Renminbi and Bitcoin.” -- Charlie Songhurst, Microsoft’s head of corporate strategy

Anyone want to make an estimate of BTC value assuming it is widely used as a currency everywhere in the world except those five markets?

Really nice work Peter.

[razen489]

Gold just dipped 22% in a few minutes! 

[diodio1]

and now both collapses haha

[Chalkbot]

Gold just dipped 22% in a few minutes! 

2.2% maybe?

[cypherdoc]

oh my, more dumpage.

[cypherdoc]

Dow accelerating to the downside.  Catching down to the Transports now.

-216

[cypherdoc]

tomorrow's gonna be a big day:

[Carlton Banks]

Although I don't own one (yet), I'm becoming a real fan of these guys:

https://medium.com/@Ledger/leveraging-trusted-execution-environments-for-trustless-bitcoin-applications-752c8a767b52

If you own a computer with either AMD or Intel CPU's that include IOMMU instruction sets, then you actually already own hardware that can isolate it's components (although it's not designed for security specifically, it can be employed to do so).

But with comment like this: "Without a specific hardware marker (like a ‘secure mode’ light) on the device we need to find ways of proving to the user that they are using a trusted display."

I wouldn't take these people seriously. C'mon. That's the same quality of "proving to the user that they are using a trusted [ x ]" that Apple or WhatsApp would employ. It's like putting a holographic sticker on the case with the text: "Double, Super Securified^TM. Honest. No, really"

[bassclef]

^^^looks like the market went into distribution mode back in December.

[Carlton Banks]

i like your drift. Bitcoin in the center aka nucleus.

Isn't the nucleus where apoptosis begins from?  

[cypherdoc]

Bitcoin lookin good:





MACD turning back up:



ask wall collapse:

[Zangelbert Bingledack]

Any idea what is accounting for this very steady transaction growth? Shopping? Dark markets? Gambling? Some kind of game?

[Wandererfromthenorth]

Any idea what is accounting for this very steady transaction growth? Shopping? Dark markets? Gambling? Some kind of game?

A good read on the subject here:

http://www.ofnumbers.com/wp-content/uploads/2015/01/Slicing-data.pdf

[iCEBREAKER]

Any idea what is accounting for this very steady transaction growth? Shopping? Dark markets? Gambling? Some kind of game?

Argentinafication?  Chavismo?  Maduronomics?  Obamanation?  That stupid boxing match that can't be over soon enough?  Only Chainalysis knows for sure!   

Mijo is discovering he can use BTC to remit earnings back home to mama, without the pesky fees/delays/paperwork of Western Union.

In the Latin countries with historically shitty grabby unstable governments, the loop is tantalizingly close to being closed.

When the farmers begin to accept BTC, the rest of civilization will fall like dominoes.

"Got food?  Sorry, we don't take fiat.  Gold, Bitcoin, or GTFO."   

[cypherdoc]

Any idea what is accounting for this very steady transaction growth? Shopping? Dark markets? Gambling? Some kind of game?

Argentinafication?  Chavismo?  Maduronomics?  Obamanation?  That stupid boxing match that can't be over soon enough?  Only Chainalysis knows for sure!   

Mijo is discovering he can use BTC to remit earnings back home to mama, without the pesky fees/delays/paperwork of Western Union.

In the Latin countries with historically shitty grabby unstable governments, the loop is tantalizingly close to being closed.

When the farmers begin to accept BTC, the rest of civilization will fall like dominoes.

"Got food?  Sorry, we don't take fiat.  Gold, Bitcoin, or GTFO."   

ROFL, i'm glad you're on my side!

[bucktotal]

i like your drift. Bitcoin in the center aka nucleus.

Isn't the nucleus where apoptosis begins from?  

no. apoptosis process begins in the mitochondria.

edit: nice image Peter!