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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 1805842 times)
cypherdoc
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May 13, 2015, 06:58:38 PM
 #24021

the only thing left is the stock mkt. 

the Transports look like they will crack support.  once that happens, the flood gates should open.  if the $DJI cracks it's secondary low point, we will have confirmation of the long standing multi-month non confirmation which will really open the gates of hell.

sell in May and go away.
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Erdogan
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May 13, 2015, 07:08:34 PM
 #24022

They exchange function for confidence, the real for the prettier illusion.

I suppose it is a risk...  If you are running such a really long con, even your successors might fall for it.
100 years is such a long time that anyone working at a CB has to believe that they are following tried and tested principles.
What saved the long con for so long was the 20th century population boom and technological revolutions.

Those two factors created wealth at a faster rate than the central banks could destroy it. So much so, that it wasn't apparent to anyone that the central banks were destroying wealth at all.

That no longer appears to be the case.

I like this view.
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May 13, 2015, 07:19:42 PM
 #24023

They exchange function for confidence, the real for the prettier illusion.

I suppose it is a risk...  If you are running such a really long con, even your successors might fall for it.
100 years is such a long time that anyone working at a CB has to believe that they are following tried and tested principles.
What saved the long con for so long was the 20th century population boom and technological revolutions.

Those two factors created wealth at a faster rate than the central banks could destroy it. So much so, that it wasn't apparent to anyone that the central banks were destroying wealth at all.

That no longer appears to be the case.

I like this view.

Its pretty accurate.  In the last decade though, they have been getting pretty greedy.  The TARP bailout sort of broke the model harshly in their favor.  

The age old model is that when the banks get out of control, a few fail (or a few hundred) and it resets as the survivors scoop up the remains.  Now with the use of state power, they have taxpayer funded bailouts, bail-ins and all sorts of new ways to destroy wealth.

The war on cash includes most of the AML powers along with it.  When the reporting requirement of US$10K was enacted in the 70's it was quite a chunk of cash.  Now with a bit of inflation mixed in, it is not an uncommon monthly pay for folks in large US cities.  But that isn't happening fast enough, so banks must keep a record of transactions as small as US$1K cash and report on as small as US$2K transactions.

http://www.fincen.gov/financial_institutions/msb/materials/en/bank_reference.html
Quote
Currency Exchanges of More Than $1,000
Currency exchangers must keep a record of each exchange totaling more than $1,000 in either domestic or foreign currency.

How to record a currency exchange:

1. Record customer information.
2. Record transaction information.
3. Keep the record for 5 years from the date of transaction.

Suspicious Activity Reporting Requirements
Certain money services businesses – businesses that provide money transfers or currency dealing or exchange; or businesses that issue, sell, or redeem money orders or traveler’s checks – must report suspicious activity involving any transaction or pattern of transactions at or above a certain amount:

$2,000 or more;
$5,000 or more for issuers reviewing clearance records.
You have 30 calendar days to file a SAR after becoming aware of any suspicious transaction that is required to be reported.

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
cypherdoc
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May 13, 2015, 07:29:39 PM
 #24024

the bond managers are getting desperate.  anything to make their bond portfolio prices go up.  

note that this guy doesn't ever truly think that gvt manipulation of interest rates will ever be to the upside; he knows they're a one trick pony.  it would just be a matter of how negative they want to take them to screw the savers to his benefit:

http://www.telegraph.co.uk/finance/personalfinance/comment/11602399/Ban-cash-end-boom-and-bust.html
NewLiberty
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May 13, 2015, 07:32:45 PM
 #24025

the bond managers are getting desperate.  anything to make their bond portfolio prices go up.  

note that this guy doesn't ever truly think that gvt manipulation of interest rates will ever be to the upside; he knows they're a one trick pony.  it would just be a matter of how negative they want to take them to screw the savers to his benefit:

http://www.telegraph.co.uk/finance/personalfinance/comment/11602399/Ban-cash-end-boom-and-bust.html

LOL!  End boom and bust by sticking only to bust?

The more they squeeze though, the more that making a compelling case for Bitcoin to everyone who learns of it becomes easy.

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
cypherdoc
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May 13, 2015, 07:33:31 PM
 #24026

accelerating to the downside now. 

sidhujag, heads up.
molecular
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May 13, 2015, 08:03:28 PM
 #24027

real trouble in bond land:

investment grade:



if this was bitcoin I would be shitting my pants now.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
rocks
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May 13, 2015, 08:03:50 PM
 #24028

The age old model is that when the banks get out of control, a few fail (or a few hundred) and it resets as the survivors scoop up the remains.  Now with the use of state power, they have taxpayer funded bailouts, bail-ins and all sorts of new ways to destroy wealth.

It was the emergence of the "Too Big To Fail" policy which created this and was effectively codified into law with the LTCM bailout in the late 1990s.

To Big To Fail = disabling the clearing mechanism which is necessary for a functioning capitalist society. If you are too big to fail, then you can do anything and be as inefficient as possible, but that inefficiency will never be cleared out of the market.

The creation of the FED in 1913 was essentially to formation of a too big to fail policy at the government level (before the US gov would have to go for bailouts itself). But as you pointed out banks and other industry were still allowed to fail. This stopped in the 1990s and TBTF was extended to corporations, which is why every corporate entity from banks to auto manufactures (i.e. GM/Chrysler) have tried to position themselves as too big to fail.

This will continue until the dollar fails, effectively destroying the too big to fail enabler.
adamstgBit
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May 13, 2015, 08:12:42 PM
 #24029

the bond managers are getting desperate.  anything to make their bond portfolio prices go up.  

note that this guy doesn't ever truly think that gvt manipulation of interest rates will ever be to the upside; he knows they're a one trick pony.  it would just be a matter of how negative they want to take them to screw the savers to his benefit:

http://www.telegraph.co.uk/finance/personalfinance/comment/11602399/Ban-cash-end-boom-and-bust.html

LOL!  End boom and bust by sticking only to bust?

The more they squeeze though, the more that making a compelling case for Bitcoin to everyone who learns of it becomes easy.

why don't they just tell us what to buy how much of it and when.

like if my friend saved up to  much money he should be forced by law to take an expensive trip.

cypherdoc
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May 13, 2015, 08:14:08 PM
 #24030

the most dangerous chart on the planet, right now.

tomorrow is going to be a big day, i'd guess.  either a big down or big up sticksave:

cypherdoc
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May 13, 2015, 08:16:16 PM
 #24031

the bond managers are getting desperate.  anything to make their bond portfolio prices go up.  

note that this guy doesn't ever truly think that gvt manipulation of interest rates will ever be to the upside; he knows they're a one trick pony.  it would just be a matter of how negative they want to take them to screw the savers to his benefit:

http://www.telegraph.co.uk/finance/personalfinance/comment/11602399/Ban-cash-end-boom-and-bust.html

LOL!  End boom and bust by sticking only to bust?

The more they squeeze though, the more that making a compelling case for Bitcoin to everyone who learns of it becomes easy.

why don't they just tell us what to buy how much of it and when.

like if my friend saved up to  much money he should be forced by law to take an expensive trip.

Peter Schiff will probably be right; another QE before an interest rate hike.
adamstgBit
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May 13, 2015, 08:19:37 PM
 #24032

the bond managers are getting desperate.  anything to make their bond portfolio prices go up.  

note that this guy doesn't ever truly think that gvt manipulation of interest rates will ever be to the upside; he knows they're a one trick pony.  it would just be a matter of how negative they want to take them to screw the savers to his benefit:

http://www.telegraph.co.uk/finance/personalfinance/comment/11602399/Ban-cash-end-boom-and-bust.html

LOL!  End boom and bust by sticking only to bust?

The more they squeeze though, the more that making a compelling case for Bitcoin to everyone who learns of it becomes easy.

why don't they just tell us what to buy how much of it and when.

like if my friend saved up to  much money he should be forced by law to take an expensive trip.

Peter Schiff will probably be right; another QE before an interest rate hike.

and that will fix it, crisis averted! fuck these guys are pure genius!

sidhujag
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May 13, 2015, 08:29:24 PM
 #24033

the bond managers are getting desperate.  anything to make their bond portfolio prices go up.  

note that this guy doesn't ever truly think that gvt manipulation of interest rates will ever be to the upside; he knows they're a one trick pony.  it would just be a matter of how negative they want to take them to screw the savers to his benefit:

http://www.telegraph.co.uk/finance/personalfinance/comment/11602399/Ban-cash-end-boom-and-bust.html

LOL!  End boom and bust by sticking only to bust?

The more they squeeze though, the more that making a compelling case for Bitcoin to everyone who learns of it becomes easy.

why don't they just tell us what to buy how much of it and when.

like if my friend saved up to  much money he should be forced by law to take an expensive trip.

Peter Schiff will probably be right; another QE before an interest rate hike.

Arent they opposite? QE to stimulate and interest rates rise to stiffle spending? If qe happens before rates rise that would be catalyst for total loss  of confidence in the people in charge.
cypherdoc
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May 13, 2015, 08:37:00 PM
 #24034

the bond managers are getting desperate.  anything to make their bond portfolio prices go up.  

note that this guy doesn't ever truly think that gvt manipulation of interest rates will ever be to the upside; he knows they're a one trick pony.  it would just be a matter of how negative they want to take them to screw the savers to his benefit:

http://www.telegraph.co.uk/finance/personalfinance/comment/11602399/Ban-cash-end-boom-and-bust.html

LOL!  End boom and bust by sticking only to bust?

The more they squeeze though, the more that making a compelling case for Bitcoin to everyone who learns of it becomes easy.

why don't they just tell us what to buy how much of it and when.

like if my friend saved up to  much money he should be forced by law to take an expensive trip.

Peter Schiff will probably be right; another QE before an interest rate hike.

Arent they opposite? QE to stimulate and interest rates rise to stiffle spending? If qe happens before rates rise that would be catalyst for total loss  of confidence in the people in charge.

if i'm right about the stock mkt starting to roll over given the $DJT break of support, then yes, QE before interest rate hike to try and save Wall St.

as far as the latter, i think the CB's have already lost alot of ppl's confidence.
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May 13, 2015, 10:06:24 PM
 #24035

see last line of slide:

snip...

apropo to whether or not our 1MB core devs will allow Bitcoin to develop as mobile money which is necessary for it to develop as digital gold.

on that point

I was listening to George Gilder, https://youtu.be/9T9b-X0X9FY a shining light on the future of money and Bitcoin. (i don't like is thoughts that Bitcoin will evolve into a PoS system, but otherwise he is almost clairvoyant when it comes to how Bitcoin can evolve)

He made some great points with regards to MV = PT, He points out where monetarist theory fails - falls flat on its face,  is monetarists see Money Velocity as relatively constant in there predictions and forecasting.


thus my thought - Limiting Bitcoins velocity to a maximum number of transactions that can be recorded in a fixed Block Size, is somewhat analogous to the lack of insight held by monetarists, in determining healthy monetary policy. 

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
TPTB_need_war
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May 13, 2015, 10:06:58 PM
 #24036

Society will much prefer to be managed from a NWO top-down system than move to total collapse.

This right here I find to be the biggest reason why we need to work on alternative, decentralized systems and do it fast. Because do we really know when the crash will happen? A basic infrastructure has to be present when the collapse of the old system gets underway, otherwise we'll find ourselves being dragged towards a fully centralized control system by popular demand and it won't even matter if the system has been premeditated by some existing power groups, or not.

Yeah those who are thinking that defaults will weed out the corruption from the system and set us free are naive and myopic. This is the typical goldbug simpleton thought process.

Those who are thinking—that individuals are diverse and thus will resist top-down control—are missing the point; Jeff Bezos' politics are irrelevant.  It is the mind programming of the masses over the past 80-100 years of propping up and defeating corrections with central banks and the resultant socialism (e.g. economical to watch TV 7 hours a day, State education, healthcare, welfare, military-industrial complex, etc) that has been accordingly facilitated to fester and grow—e.g. government from 12% to now 50+% of the economy (worse in Europe) and 70% when the cost of regulations are included—has ingrained the psychology of the people to demand the outcome where the banks, big retailers, government, and DEEP STATE[1] (military-industrial-complex that Eisenhower & Kennedy both warned about) are dragged into bed together because of the power vacuum of the Iron Law of Collective Action a.k.a. “democracy”. The machinations and organizations of the global elite (e.g. Council on Foreign Relations, the Trilateral Commission, Bilderberg meetings, etc) aren't really in control, rather they are economically and entropically forced into existence by the power vacuum of collectivized action. Yet for those who deny that these elite power structures are not doing their role, I say you haven't researched the significant corroborating data[2].

The problem is that the nanny-state psychology doesn't waterfall revert. This is why such centralized manipulation sometimes results in Dark Ages.

I am “gruff” because I see a very significant danger we are sliding into a Dark Age of NWO fascist totalitarianism with the masses fully conditioned to accept the slow burn eugenics paradigm.

http://www.zerohedge.com/news/2015-05-12/face-baltimore-you-wont-see-news

Getting as far away from the zombie westerners as possible.

I dont like how Russia etc roll but your average Western European is so hopelessly dependent on the system that they are literally complicit in their own demise. Your average American cannot go more than an hour without using their smartphones, ordering Starbucks or stuffing their faces with high-fructose syrup laden, super-caloric frankenfoods.

http://www.coolpage.com/commentary/economic/shelby/Understand%20Everything%20Fundamentally.html#europe

Quote from: myself
It amazes that otherwise bright people can’t understand the simple concept that economic collapse doesn’t convert collectivists into anarchists.”

...imagine Steve Jobs or Bill Gates. I have their demeanor when I am in competitive action mode.

Regardless of how swiftly one sprints, one cannot win a race after it has concluded: the competition has already ended, and a winner has already been decided.

My hypothesis is that the masses will fall into the NWO system (one world currency reserve nanny-state, dying industrial age morass), and the rest of us will fork off into a glorious Knowledge Age.


[1] Bill Moyers: The Deep State Hiding in Plain Sight

[2]
Peter R, seriously don't you see that Putin vs. Obama is a scripted show for the masses to drool over. The global elite are pulling the strings, the same as they did with the Bolsheviks and then handing power to the oligarchs after the fall of the Communism they created. Some homework for you:

https://www.youtube.com/watch?v=Sah_Xni-gtg

https://www.youtube.com/watch?v=p5Ac7ap_MAY

The elite in every country are aligned with the current move towards a global Technocracy.

Being ignorant (Cypherdoc) of these facts doesn't impress me. Not any more than I would be impressed that someone doesn't know all the facts surrounding 9/11 such as the letter from the SEC to Martin Armstrong confirming that all the tapes he had recorded of the malfeasance of the banksters had been held of the WTC and destroyed. Climb down the rabbit hole and study the facts, not the diversionary bullshit about UFOs, etc..

solex
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May 13, 2015, 10:15:41 PM
 #24037

why don't they just tell us what to buy how much of it and when.

like if my friend saved up to  much money he should be forced by law to take an expensive trip.

Ah, I can see it now. Being a Canadian your friend applies to the govt there to take a vacation to the beaches and bars of Thailand. However, the govt has different ideas, and certainly doesn't want to add to the invisibles trade deficit, and wants to goose domestic GDP. So Thailand is denied and your friend spends some weeks putting much needed tourist dollars into the impoverished communities along the remote shore of Hudson Bay.  This idea could work!
Of course senior politicians can still visit Thailand on "fact-finding" missions.

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May 13, 2015, 10:25:21 PM
 #24038

the bond managers are getting desperate.  anything to make their bond portfolio prices go up.  

note that this guy doesn't ever truly think that gvt manipulation of interest rates will ever be to the upside; he knows they're a one trick pony.  it would just be a matter of how negative they want to take them to screw the savers to his benefit:

http://www.telegraph.co.uk/finance/personalfinance/comment/11602399/Ban-cash-end-boom-and-bust.html

 Shocked  Shocked  Shocked  Shocked

Make cash illegal. They'll never get away with it no matter how 'futuristic' they make it sound. I'll switch to dash if theres no cash
TPTB_need_war
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May 13, 2015, 10:48:42 PM
 #24039

I'll switch to dash if theres no cash

You seem to forget that money has no value if at least a super minority doesn't also use it as money.

Also differentiate assets from money, primary by the liquidity (and slowing declining marginal utility[1]). Money is highly liquid while assets have variable (over class and time domains) liquidity.

The cognitive dissonance in this thread appears to be motivated by delusional hope because the reality is too depressing:

Yeah those who are thinking that defaults will weed out the corruption from the system and set us free are naive and myopic. This is the typical goldbug simpleton thought process.

Add to that the cognitive bias (foolish pride) psychology of being an early investor in Bitcoin.


[1] You could only store so many barrels of oil in your backyard before the utility would decline into a liability.

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May 13, 2015, 11:09:42 PM
 #24040

They exchange function for confidence, the real for the prettier illusion.

I suppose it is a risk...  If you are running such a really long con, even your successors might fall for it.
100 years is such a long time that anyone working at a CB has to believe that they are following tried and tested principles.
What saved the long con for so long was the 20th century population boom and technological revolutions.

Those two factors created wealth at a faster rate than the central banks could destroy it. So much so, that it wasn't apparent to anyone that the central banks were destroying wealth at all.

That no longer appears to still be the case.

Now they want to leverage our nerd productivity and use that to sustain the NWO. This is why they planted Bitcoin for us to drool over. And we are falling right into the trap.

I don't want to work for them as a defacto slave! But all my angst won't matter if we don't make a super minority for a money that isn't what they created.


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