Bitcoin Forum
December 09, 2016, 06:13:52 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Poll
Question: Will you support Gavin's new block size limit hard fork of 8MB by January 1, 2016 then doubling every 2 years?
1.  yes
2.  no

Pages: « 1 ... 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 [207] 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 ... 1560 »
  Print  
Author Topic: Gold collapsing. Bitcoin UP.  (Read 1806926 times)
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
February 05, 2013, 12:05:49 AM
 #4121

What a great way to take down a wall @ $21.  let it sell into you, then ramp:

1481264032
Hero Member
*
Offline Offline

Posts: 1481264032

View Profile Personal Message (Offline)

Ignore
1481264032
Reply with quote  #2

1481264032
Report to moderator
1481264032
Hero Member
*
Offline Offline

Posts: 1481264032

View Profile Personal Message (Offline)

Ignore
1481264032
Reply with quote  #2

1481264032
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481264032
Hero Member
*
Offline Offline

Posts: 1481264032

View Profile Personal Message (Offline)

Ignore
1481264032
Reply with quote  #2

1481264032
Report to moderator
1481264032
Hero Member
*
Offline Offline

Posts: 1481264032

View Profile Personal Message (Offline)

Ignore
1481264032
Reply with quote  #2

1481264032
Report to moderator
Vladimir
Hero Member
*****
Offline Offline

Activity: 812


-


View Profile
February 05, 2013, 12:09:15 AM
 #4122

ribosomes are so ruthless, LOL

-
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
February 05, 2013, 12:12:32 AM
 #4123

ribosomes are so ruthless, LOL

nom, nom, nom, nom.  Cheesy
Vladimir
Hero Member
*****
Offline Offline

Activity: 812


-


View Profile
February 05, 2013, 12:13:22 AM
 #4124

It is a living organism - much like a virus.

More than that, it creates a foundation (along with other distributed networks) for something much greater than a new financial system Smiley

I think that almost nobody will realize when it happens, at least not right away. The shift will probably be too subtle, seeming like an incremental advance rather than a monumental change.


Yes, indeed. This potential is often missed. Bitcoin is not only the first monetary system ever proposed that credibly offers perfect information to all participants, it is the first system humanity has implemented which can serve as an authoritative record that's not under any single entity's control. I believe there are some proposals for "smart property" and "distributed markets" based on bitcoin kicking around. I think as you're alluding to miscreanity, numerous core functions of society could start getting offloaded to blockchain-style p2p systems, one by one, until it's central to civilization. The tide would indeed be slow and subtle, but quite powerful.

yep, some people do get it.

-
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
February 05, 2013, 12:16:23 AM
 #4125

ya know, that pissy little Penny Bot needs to be taught a lesson. 

i should write an Anti-Penny Bot.
miscreanity
Legendary
*
Offline Offline

Activity: 1078


View Profile
February 06, 2013, 03:08:37 AM
 #4126

From Antal Fekete at 24hgold:

Quote from: Antal Fekete
The Chinese are alive to the fact that escaped the silver bugs in the West, that you can derive a silver income from your pile of silver by covered short selling, even while retaining physical control of your silver hoard.

A while back (don't have time to dig up the posts at the moment), we had discussed the potential of China being a major participant in market shorting while simultaneously accumulating physical assets. This bleeds western financial institutions while simultaneously increasing eastern strength. Realization of this is arriving too late for most.

Yes, Bitcoin is on a meteoric rise relative to everything else; even with an instantaneous revaluation of the monetary precious metals, the cryptocurrency will outperform. This is not an issue of contention. However, Bitcoin still has at least a year or two before it is widespread enough to realistically be a direct competitor for contemporary currencies in the sense that it might be used for daily purchases and transactions.

In the meantime, load up on some SD Smiley
bitcoinBull
Legendary
*
Offline Offline

Activity: 826


rippleFanatic


View Profile
February 06, 2013, 04:08:51 PM
 #4127

From Antal Fekete at 24hgold:

Quote from: Antal Fekete
The Chinese are alive to the fact that escaped the silver bugs in the West, that you can derive a silver income from your pile of silver by covered short selling, even while retaining physical control of your silver hoard.

That's not income, just money you aren't losing. Besides, if silver decides to go up, then you lose your pile being short.

Yes, Bitcoin is on a meteoric rise relative to everything else; even with an instantaneous revaluation of the monetary precious metals, the cryptocurrency will outperform. This is not an issue of contention. However, Bitcoin still has at least a year or two before it is widespread enough to realistically be a direct competitor for contemporary currencies in the sense that it might be used for daily purchases and transactions.

I hope this reference to "contemporary currency" is not a reference to gold/silver. "at least a year or two before they're as widespread as dollars" is not a reason to prefer PMs over bitcoin. So why mention "contemporary currencies", and really, what's more contemporary than bitcoin?

If "might be used in daily contemporary life" is the value judgement, then PMs are completely ruled out, not even possibly an alternative. Maybe in an apocalyptic doomsday scenario, but certainly not a daily contemporary one.

College of Bucking Bulls Knowledge
oakpacific
Hero Member
*****
Offline Offline

Activity: 798


View Profile
February 06, 2013, 04:18:17 PM
 #4128

From Antal Fekete at 24hgold:

Quote from: Antal Fekete
The Chinese are alive to the fact that escaped the silver bugs in the West, that you can derive a silver income from your pile of silver by covered short selling, even while retaining physical control of your silver hoard.

That's not income, just money you aren't losing. Besides, if silver decides to go up, then you lose your pile being short.

Yes, Bitcoin is on a meteoric rise relative to everything else; even with an instantaneous revaluation of the monetary precious metals, the cryptocurrency will outperform. This is not an issue of contention. However, Bitcoin still has at least a year or two before it is widespread enough to realistically be a direct competitor for contemporary currencies in the sense that it might be used for daily purchases and transactions.

I hope this reference to "contemporary currency" is not a reference to gold/silver. "at least a year or two before they're as widespread as dollars" is not a reason to prefer PMs over bitcoin. So why mention "contemporary currencies", and really, what's more contemporary than bitcoin?

If "might be used in daily contemporary life" is the value judgement, then PMs are completely ruled out, not even possibly an alternative. Maybe in an apocalyptic doomsday scenario, but certainly not a daily contemporary one.

If you just short your silver you won't lose anything, other than dollars that you don't want.(at the risk of default of course)

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
comboy
Sr. Member
****
Offline Offline

Activity: 247



View Profile
February 06, 2013, 06:08:09 PM
 #4129

I have no idea what this thread is about, but judging from the title I thought you be interested in this: https://bitcoinity.org/charts/gold

I'm sorry if it's not really relevant.

Variance is a bitch!
notme
Legendary
*
Offline Offline

Activity: 1526


View Profile
February 06, 2013, 06:39:19 PM
 #4130

From Antal Fekete at 24hgold:

Quote from: Antal Fekete
The Chinese are alive to the fact that escaped the silver bugs in the West, that you can derive a silver income from your pile of silver by covered short selling, even while retaining physical control of your silver hoard.

That's not income, just money you aren't losing. Besides, if silver decides to go up, then you lose your pile being short.

I think the implication is that if they short sell it to someone in the West while still holding the physical they can quite easily steal it as soon as the markets start to get volatile.  "Sorry,we are bankrupt".... what are you going to do, fly to China and kick some ass?

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
tvbcof
Legendary
*
Online Online

Activity: 1988


View Profile
February 06, 2013, 08:18:01 PM
 #4131

I have no idea what this thread is about, but judging from the title I thought you be interested in this: https://bitcoinity.org/charts/gold

I'm sorry if it's not really relevant.

It's utterly relevant and, like your other work, appreciated.  Even to someone who holds a lot more gold than BTC Smiley


oakpacific
Hero Member
*****
Offline Offline

Activity: 798


View Profile
February 07, 2013, 02:48:58 AM
 #4132

From Antal Fekete at 24hgold:

Quote from: Antal Fekete
The Chinese are alive to the fact that escaped the silver bugs in the West, that you can derive a silver income from your pile of silver by covered short selling, even while retaining physical control of your silver hoard.

That's not income, just money you aren't losing. Besides, if silver decides to go up, then you lose your pile being short.

I think the implication is that if they short sell it to someone in the West while still holding the physical they can quite easily steal it as soon as the markets start to get volatile.  "Sorry,we are bankrupt".... what are you going to do, fly to China and kick some ass?

Besides, hardly anybody buying the options would expect China to deliver him physical silver, which China could still use for whatever purpose she likes, including minting coins as mentioned in the article, which could be used for the delivery itself should she be required to do so.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
comboy
Sr. Member
****
Offline Offline

Activity: 247



View Profile
February 07, 2013, 05:46:20 AM
 #4133

I have no idea what this thread is about, but judging from the title I thought you be interested in this: https://bitcoinity.org/charts/gold

It's utterly relevant and, like your other work, appreciated.  Even to someone who holds a lot more gold than BTC Smiley


Thanks a lot Smiley

Variance is a bitch!
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
February 07, 2013, 04:29:41 PM
 #4134

the silverbox update (comparison from the beginning of this thread):

Bitcoin:  +311%

Gold:  -1%

GPL:  -25% silverbox long

Diff:  +312% advantage Bitcoin and growing
Vladimir
Hero Member
*****
Offline Offline

Activity: 812


-


View Profile
February 07, 2013, 05:03:18 PM
 #4135

This thread's name is kind of wrong. Who the hell cares about gold? I am more interested if there is any other asset on this damn planet that performed better than Bitcoin during last 4, 3, 2, 1 years, or 8, 6, 4, 2, 1 month or any other period of time?

Nevermind, I'll wait until we get to 4 digits before I get really excited.



-
tvbcof
Legendary
*
Online Online

Activity: 1988


View Profile
February 07, 2013, 06:34:26 PM
 #4136

This thread's name is kind of wrong. Who the hell cares about gold? ...

It's a big Internet...and amusing that someone would home in to a particular thread of a particular board of a particular forum of a particular domain to complain about the OP title.  But I always appreciate being amused.  So, thx Smiley

---

Separately, I wish to god that you were not so mute on the ASIC stuff as one of the few people who would probably have something to say which is worth focusing on relative to the topic.  OTOH, I'm finally past my interest in the topic for now I think.


cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
February 07, 2013, 06:49:09 PM
 #4137

This thread's name is kind of wrong. Who the hell cares about gold? ...

It's a big Internet...and amusing that someone would home in to a particular thread of a particular board of a particular forum of a particular domain to complain about the OP title.  But I always appreciate being amused.  So, thx Smiley

---

Separately, I wish to god that you were not so mute on the ASIC stuff as one of the few people who would probably have something to say which is worth focusing on relative to the topic.  OTOH, I'm finally past my interest in the topic for now I think.



that's actually a good point.

what say u Vlad?
Vladimir
Hero Member
*****
Offline Offline

Activity: 812


-


View Profile
February 07, 2013, 07:01:35 PM
 #4138

1. I am very happy that someone got amused. My "complaints" are very much tongue in cheek as usual and so amusement is the best I could hope for. LOL

2. I have not much to say about ASIC's because I am not in ASIC game for a while now. Back in May/June I have decided that I will let other ASIC players to play this dog eat dog game without me and I would better hold on to BTC.

Considering that those ASIC players had to invest their money back then when BTC fetched about 5$ they now need to at least quadruple their money just to catch up on to their cost of lost opportunity. Good luck with that.

-
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
February 07, 2013, 07:03:00 PM
 #4139

My "complaints" are very much tongue in chick

 Shocked Shocked Shocked Shocked
Vladimir
Hero Member
*****
Offline Offline

Activity: 812


-


View Profile
February 07, 2013, 07:04:25 PM
 #4140

LOL

-
Pages: « 1 ... 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 [207] 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 ... 1560 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!