Gold collapsing. Bitcoin UP.

[cypherdoc]

Contagion.  i love that word.  reminds me of when i had to walk thru AIDS wards:

http://www.zerohedge.com/news/2015-06-29/greek-contagion-spreads-several-italian-bank-failed-open

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[cypherdoc]

Even the Elliot Wave guys are bracing for a possible surge.

https://bitcointalk.org/index.php?topic=274613.msg11744199#msg11744199

XBT/XAU parity 2015?

http://www.xe.com/currencycharts/?from=XBT&to=XAU&view=5Y

do you think we can get there w/o a block size increase?

Hey, we already dinged it in 2013.  Which was crazy.

Now, wouldn't be so crazy.

The Blocksize debate turning into a religious war is... unfortunate.

But if we get Bitcoin to scale without destroying it in the process, we unlock > $10000 per coin.

Seems like no one is looking at the upside.

seriously, the only reason it has evolved that way is that Blockstream is fighting for it's life.  just look at the increasingly desperate comments from Adam all over Reddit and Twitter.

lifting the 1MB DoS artificial cap should be a no brainer.

[Zangelbert Bingledack]

Even the Elliot Wave guys are bracing for a possible surge.

https://bitcointalk.org/index.php?topic=274613.msg11744199#msg11744199

XBT/XAU parity 2015?  

http://www.xe.com/currencycharts/?from=XBT&to=XAU&view=5Y

Thinking too small. We can do better. Even without a blocksize increase, but we will get one anyway.

What people don't seem to realize is this debate is actually fueling the changes in dev culture and implementation monoculture that we need in order to be robust enough to meet the challenges that will assail Bitcoin when it is in the quintuple digits. Fee markets play a role, too, and perhaps even things like LN. Honey badger was like, "Grow to take on larger adoption? Sure but I want more: I also want laser eyes and telekinesis." This debate ensures we get not only the scheduled blocksize increase, but that we get it all.

Whatever Bitcoin needs to get to the next level of price, chaos will be created to show the way to the ladder that gets it there.

[cypherdoc]

now this is funny:

https://twitter.com/timpastoor/status/615496624446509056

imo, Greece should adopt Bitcoin.  can you imagine the #Bitcoin businesses that would fly their way as a result?

[cypherdoc]

Dow -228

[cypherdoc]

oh yeah, baby.  straight down the rack:

[SmoothCurves]

Even the Elliot Wave guys are bracing for a possible surge.

https://bitcointalk.org/index.php?topic=274613.msg11744199#msg11744199

XBT/XAU parity 2015?  

http://www.xe.com/currencycharts/?from=XBT&to=XAU&view=5Y

Thinking too small. We can do better. Even without a blocksize increase, but we will get one anyway.

What people don't seem to realize is this debate is actually fueling the changes in dev culture and implementation monoculture that we need in order to be robust enough to meet the challenges that will assail Bitcoin when it is in the quintuple digits. Fee markets play a role, too, and perhaps even things like LN. Honey badger was like, "Grow to take on larger adoption? Sure but I want more: I also want laser eyes and telekinesis." This debate ensures we get not only the scheduled blocksize increase, but that we get it all.

Whatever Bitcoin needs to get to the next level of price, chaos will be created to show the way to the ladder that gets it there.

Looks we are at the start of Wave 3. The top should be around $126,000 USD/BTC. Not sure on time frame...maybe by 2018?

[cypherdoc]

ooh, Dow -244

[ssmc2]

Even the Elliot Wave guys are bracing for a possible surge.

https://bitcointalk.org/index.php?topic=274613.msg11744199#msg11744199

XBT/XAU parity 2015?  

http://www.xe.com/currencycharts/?from=XBT&to=XAU&view=5Y

Thinking too small. We can do better. Even without a blocksize increase, but we will get one anyway.

What people don't seem to realize is this debate is actually fueling the changes in dev culture and implementation monoculture that we need in order to be robust enough to meet the challenges that will assail Bitcoin when it is in the quintuple digits. Fee markets play a role, too, and perhaps even things like LN. Honey badger was like, "Grow to take on larger adoption? Sure but I want more: I also want laser eyes and telekinesis." This debate ensures we get not only the scheduled blocksize increase, but that we get it all.

Whatever Bitcoin needs to get to the next level of price, chaos will be created to show the way to the ladder that gets it there.

Looks we are at the start of Wave 3. The top should be around $126,000 USD/BTC. Not sure on time frame...maybe by 2018?

I'll put in my 3 year notice at work. 

[SmoothCurves]

Even the Elliot Wave guys are bracing for a possible surge.

https://bitcointalk.org/index.php?topic=274613.msg11744199#msg11744199

XBT/XAU parity 2015?  

http://www.xe.com/currencycharts/?from=XBT&to=XAU&view=5Y

Thinking too small. We can do better. Even without a blocksize increase, but we will get one anyway.

What people don't seem to realize is this debate is actually fueling the changes in dev culture and implementation monoculture that we need in order to be robust enough to meet the challenges that will assail Bitcoin when it is in the quintuple digits. Fee markets play a role, too, and perhaps even things like LN. Honey badger was like, "Grow to take on larger adoption? Sure but I want more: I also want laser eyes and telekinesis." This debate ensures we get not only the scheduled blocksize increase, but that we get it all.

Whatever Bitcoin needs to get to the next level of price, chaos will be created to show the way to the ladder that gets it there.

Looks we are at the start of Wave 3. The top should be around $126,000 USD/BTC. Not sure on time frame...maybe by 2018?

I'll put in my 3 year notice at work. 

Better make it 5 so that it's after the next block reward halving, just incase. 

[cypherdoc]

Dow - 282

yeah baby

[cypherdoc]

yowzer

[cypherdoc]

paging Janet.

on deck immediately.

[Zangelbert Bingledack]

How's the old volatility index?

[Zangelbert Bingledack]

Looks we are at the start of Wave 3. The top should be around $126,000 USD/BTC. Not sure on time frame...maybe by 2018?

Sounds about right.

[cypherdoc]

How's the old volatility index?

lol:

[Zangelbert Bingledack]

Oh. Shit.

[cypherdoc]

actually, i have to laugh.  as i peruse the front page of Reddit, i see nothing but articles on Greece, Italy, currency problems, bank runs, namely, international events.

fyi, my posting style hasn't changed one bit since day 1 2011.  i've always emphasized international or global economics; stocks, bonds, gold/silver, politics, macroeconomics, etc as they relate to Bitcoin.  only makes sense, right?  however, you won't believe the number of geek trolls who criticized me for having done so for such inextricable reasons as "none of that matters", "Bitcoin is and always will remain niche", "hedge funds and VC's will never invest in Bitcoin", "Wall St doesn't give a shit about crypto and never will", yada yada yada.  Matthew N. Wright comes mainly to mind. 

well, he's long gone from Bitcoin.

[Zangelbert Bingledack]

This stuff has been a long time in brewing. Most people are only able to pay attention to whatever the current events are, not seeing the big picture or the long drawn-out processes. We wait. And wait and wait and wait. It seems like we'll wait forever. Then one day...

[cypherdoc]

Dow -300.  yawn.