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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2009246 times)
cypherdoc
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April 30, 2015, 08:04:08 AM
 #23261

Rally time
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cypherdoc
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April 30, 2015, 10:28:23 AM
 #23262

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
smooth
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April 30, 2015, 10:34:49 AM
 #23263

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?

lebing
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April 30, 2015, 10:55:22 AM
 #23264

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?



in that case it would definitely be in the billions/ trillions... but i fail to see how the other currencies were to survive in this case.

Bro, do you even blockchain?
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smooth
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April 30, 2015, 11:10:48 AM
 #23265

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?



in that case it would definitely be in the billions/ trillions... but i fail to see how the other currencies were to survive in this case.

I mostly agree except there may be a difference of time horizon. The really terrible currencies and financial systems may be replaced relatively quickly, with the more functional ones lasting longer to much longer. Thus the question of value given replacing just the terrible systems first is quite interesting.

It's already in the billions by the way, so that price target isn't very interesting.

molecular
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April 30, 2015, 01:27:36 PM
 #23266

OK, it sounds like both ZB and you agree that Fedcoin could be made to work technically.   

The question of whether the market would prefer it over Bitcoin is a different question. 

That fedCoin is no competition to Bitcoin, really. The killer app is sound money and fedCoin isn't sound.

this is the correct view.
Quote


If it's open to access for anyone and designed to dodge KYC, then anyone can be his own USD depository. So it's competition for entities storing USD for you (banks, exchanges,...). Using the fedCoin blockchain to store your USD definitely beats having it lay around at bitfinex (for example) and it also beats fed notes under the mattress, at least regarding security.


i don't think Fedcoin ever gets this far.

Me neither. But this is something I would actually have some use for (at least currently).

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
cypherdoc
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April 30, 2015, 02:11:47 PM
 #23267

Bitcoin up, everything else down. Especially gold.
cypherdoc
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April 30, 2015, 02:22:27 PM
 #23268

bad break down out of the wedge:



traderCJ, this has got to hurt, after the last 2d of massive gains:



uh, Janet, would you please pay attention?:



the thing is, imo, these are REAL market response moves given that the FOMC met yesterday and gave a hawkish announcement.
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April 30, 2015, 02:45:14 PM
 #23269

Yes, get your turbo shorts in place. I just closed my european/asian shorts today. Kept the US's open. Hopefully will find a nice execution moment today/tomorrow.  Tongue
Peter R
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April 30, 2015, 02:59:10 PM
 #23270

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?




Run Bitcoin Unlimited (www.bitcoinunlimited.info)
inca
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April 30, 2015, 03:03:53 PM
 #23271

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?





Spot the odd one out..
cypherdoc
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April 30, 2015, 03:06:52 PM
 #23272

Yes, get your turbo shorts in place. I just closed my european/asian shorts today. Kept the US's open. Hopefully will find a nice execution moment today/tomorrow.  Tongue

i love these kinda comments.  a true barracuda in the water. 
cypherdoc
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April 30, 2015, 03:08:32 PM
 #23273

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?





i like your drift. Bitcoin in the center aka nucleus.
zanzibar
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April 30, 2015, 03:30:14 PM
 #23274

Just heard a nice little blurb regarding GS and Circle Funding on NPR.  Good stuff.
smooth
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April 30, 2015, 03:33:53 PM
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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).

rocks
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April 30, 2015, 03:38:41 PM
 #23276

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
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April 30, 2015, 04:15:21 PM
 #23277




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.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
stereotype
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April 30, 2015, 04:21:09 PM
 #23278




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!
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April 30, 2015, 04:58:10 PM
 #23279

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
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April 30, 2015, 05:13:13 PM
 #23280

Gold just dipped 22% in a few minutes!  Shocked
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