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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1803525 times)
oakpacific
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November 10, 2013, 08:43:09 AM
 #6381

The U.S Constitution has historically worked generally well, but people living 200 years ago can't just predict everything, when it comes to Bitcoin it is starting to show signs of failure at least.(I am talking about U.S Constitution because it has been long considered to be the model of constitutions, but the conclusion should apply in many other nations as well)

The election system is based on the assumption that people with a common local interest, be they live in the same county or state, could send a delegate to the national or local Congress, elect local administrators, who will create and promulgate laws that reflect the influence of such local interests. Everything you seriously care about is supposed to happen locally, you can always try to find some local people who share a particular concern, and those who want to get elected may try to get your votes by promising to address him to your concern once he is elected, democracy is thus accomplished.

But now is the age of the internet, we form communities online, it's entirely possible that many people share more common interests with those in the same online community, than their neighbours. Yet this was out of the scope of the U.S Constitution:the number of a online community could be as much as the population of a state, but at the same time have little influence whatsoever on the government policies because without geographical concentration their votes simply don't matter. This wasn't an issue in the beginning, as the majority of people use internet for obtaining information and to procure services from particular internet companies, any issue originating from such uses of internet are unlikely to turn political, as long as the freedom of speech is protected and there is enough market competition, if Google screws up their customers, one competitor will raise to replace it, hardly anything to do with the government.

The decentralized P2P distribution network and BitTorrent changed things a bit, record and movie industries have got big backings, the "anti-priacy" issue didn't become part of local political debates for many years, which gives the industries' agents in the Hill much leeway to push through some very harsh bills to go after the supposed "pirates". The sheer number of "pirated" music users is too large (who doesn't like free music anyway?) however, eventually, some of the harshest measures are not implemented(SOPA, PIPA, etc).

Bitcoin is something entirely different. It's a direct challenge to the long taking for granted government monopoly on currency, and the whole financial industry backing it, yet on the hand there is very little chance for Bitcoin supporters to change the system from inisde: we are entirely linked together by the internet, geographically sparse and far apart, many of us remain anonymous, our votes simply don't count, I am expecting a uphill battle to be fought against the government/governments, if we win over them in the end, it would be a entirely new way for people to approach the governments.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
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cypherdoc
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November 11, 2013, 02:58:29 PM
 #6382

Gold collapsing.  Bitcoin UP.
proudhon
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November 11, 2013, 03:00:27 PM
 #6383

Gold collapsing.  Bitcoin UP.

What happened to gold on Friday?
cypherdoc
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November 11, 2013, 03:05:59 PM
 #6384

Gold collapsing.  Bitcoin UP.

What happened to gold on Friday?

DOWN
proudhon
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November 11, 2013, 03:10:58 PM
 #6385


Any insight on why?
Zangelbert Bingledack
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November 11, 2013, 03:50:37 PM
 #6386

But of course the jobs report is meaningless. The Fed will not taper.
oakpacific
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November 11, 2013, 03:53:17 PM
 #6387

But of course the jobs report is meaningless. The Fed will not taper.

Well, that is the way I would bet. But we are seeing signs of a bubble in stocks and what not... Not exactly a great thing.

I am still waiting for someone to say "permanently high plateau".....

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
oakpacific
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November 11, 2013, 04:20:08 PM
 #6388

Pure baseless speculation: Obama may have his own "Coolidge prosperity", while the consequences of his policy will fall on his successor, they both have one of the worst presidents in the U.S history as their predecessors as well. SO it's going to be many years before the Depression strikes in its full force.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
jojo69
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November 11, 2013, 05:57:19 PM
 #6389



been pretty damn impressed honestly they have made it this far.

especially after 08, everyone has seen the emperor naked yet somehow the thing staggers on

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
adamstgBit
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November 11, 2013, 06:01:54 PM
 #6390

the 3 day silver chart looks so bearish, false breakout leads to crash! Cheesy  I think i'll get the 10-15$ silver i'm looking for at one point...

jojo69
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November 11, 2013, 06:10:07 PM
 #6391

the 3 day silver chart looks so bearish, false breakout leads to crash! Cheesy  I think i'll get the 10-15$ silver i'm looking for at one point...

I rather doubt sub 19, but one can hope

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
cypherdoc
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November 11, 2013, 06:42:35 PM
 #6392

the 3 day silver chart looks so bearish, false breakout leads to crash! Cheesy  I think i'll get the 10-15$ silver i'm looking for at one point...

i would like to get more, esp at this btc price:)


https://agoracommodities.com/product/1-kilo-gold-bar-32-15-oz/

your plan is working out well.

the further pm's fall, the richer you become.
Blitz­
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November 11, 2013, 06:43:47 PM
 #6393

the 3 day silver chart looks so bearish, false breakout leads to crash! Cheesy  I think i'll get the 10-15$ silver i'm looking for at one point...

i would like to get more, esp at this btc price:)


https://agoracommodities.com/product/1-kilo-gold-bar-32-15-oz/

your plan is working out well.

the further pm's fall, the richer you become.
Cheesy

"Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice." - MatTheCat
"these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room." - ShroomsKit
cypherdoc
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November 11, 2013, 07:04:26 PM
 #6394



your plan is working out well.

the further pm's fall, the richer you WILL become.

FTFY

oh, i get it.
rocks
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November 11, 2013, 09:49:33 PM
 #6395

Prices for 1 oz gold on coinabul are now < 4BTC per oz. This is amazing.

https://coinabul.com/index.php/gold-weight/1-troy-ounce.html
SkRRJyTC
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November 11, 2013, 09:56:25 PM
 #6396

Prices for 1 oz gold on coinabul are now < 4BTC per oz. This is amazing.

https://coinabul.com/index.php/gold-weight/1-troy-ounce.html

I bought 1 oz of silver from coinabul back in the day for right around 3.5 btc.

 Cheesy Grin Grin Grin Cheesy
tvbcof
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November 11, 2013, 09:59:04 PM
 #6397

Prices for 1 oz gold on coinabul are now < 4BTC per oz. This is amazing.

https://coinabul.com/index.php/gold-weight/1-troy-ounce.html

To bad the guy has so much trouble making good on his deals.  He himself accounts for a healthy percentage of the complaints on the 'scam' board.

I myself may be quite interested in re-balancing directly into Gold at some point in the not to distant future depending on what the valuations of BTC do.


NewLiberty
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November 11, 2013, 10:06:41 PM
 #6398

Prices for 1 oz gold on coinabul are now < 4BTC per oz. This is amazing.

https://coinabul.com/index.php/gold-weight/1-troy-ounce.html

To bad the guy has so much trouble making good on his deals.  He himself accounts for a healthy percentage of the complaints on the 'scam' board.

I myself may be quite interested in re-balancing directly into Gold at some point in the not to distant future depending on what the valuations of BTC do.

Waiting for the Gold Parity Party?
If current trends hold, maybe New Years 2015?

Some heads up for those considering silver Bitcoin specie (gold not yet released), premium discount is coming Nov 16th (provided Bitcoin 30DMA stays >250). 

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
tvbcof
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November 11, 2013, 10:18:29 PM
 #6399

...
I myself may be quite interested in re-balancing directly into Gold at some point in the not to distant future depending on what the valuations of BTC do.

Waiting for the Gold Parity Party?
If current trends hold, maybe New Years 2015?
...

No no.  Gold Parity means to me 1kgAu/BTC.  I would not rule even that out by 2015, but I certainly don't expect it.

It's just that the recent BTC rise has thrown my desired balance out of whack.  I'll certainly sit on enough BTC to make a possible jackpot worthwhile of course.  In the mean time, re-balancing ensures that I have a good ride no matter what the Bitcoin end-point looks like.

Going straight from BTC --> phyzzz may or may not have any operational advantages.  Dunno yet without more research and planning.  If what my CPA tells me is right, I might be able to take a pretty healthy pay-day in fiat tax-free.  In 2014.


vokain
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November 11, 2013, 10:50:39 PM
 #6400

...
I myself may be quite interested in re-balancing directly into Gold at some point in the not to distant future depending on what the valuations of BTC do.

Waiting for the Gold Parity Party?
If current trends hold, maybe New Years 2015?
...

No no.  Gold Parity means to me 1kgAu/BTC.  I would not rule even that out by 2015, but I certainly don't expect it.

It's just that the recent BTC rise has thrown my desired balance out of whack.  I'll certainly sit on enough BTC to make a possible jackpot worthwhile of course.  In the mean time, re-balancing ensures that I have a good ride no matter what the Bitcoin end-point looks like.

Going straight from BTC --> phyzzz may or may not have any operational advantages.  Dunno yet without more research and planning.  If what my CPA tells me is right, I might be able to take a pretty healthy pay-day in fiat tax-free.  In 2014.



If you start a new thread to tell us what your CPA said I'd love to read it.

Thanks
Absurd. The money that is used to purchase a seller's coins are already taxed when it was earned. And then some people expect the transaction to be taxed too? no ty

...مكتوب
Escape the plutocrats’ zanpakutō, Flower in the Mirror, Moon on the Water: brave “the ascent which is rough and steep” (Plato).
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