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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1954680 times)
hlynur
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November 13, 2013, 03:48:25 PM
 #6421

this is OT, but this vid was mentioned here some time ago,
i put it on documentary thread (https://bitcointalk.org/index.php?topic=268955.msg3569469#msg3569469),
and a user asked for background info on James D'Angelo who's doing the 101 Blackboard series on world bitcoin network channel (http://www.youtube.com/channel/UCgo7FCCPuylVk4luP3JAgVw/videos).
just doing some research here...
Has somebody any info on this guy's educational background?

James has found his groove.  he's clearly a smart guy.  he's doing a great job with the new blackboard format.

i'd bet he visits this thread regularly given the last gold comparison video he did.  he cited many of the principles i've expounded upon for years now in much the same way.  

he's doing an excellent job.  anyone know his handle around here?
+1

the supreme quality of his content is out of question, one of the (if not the) best explanatory series i've seen so far that goes much more in depth than others.
he would really be an enrichment for bitcointalk community.
probably he's already registered? (please pm me if you read this, James  Wink)

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cypherdoc
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November 13, 2013, 04:58:49 PM
 #6422

Gold looks foreboding. Bitcoin EXPLODING.

Well you know, we gotta get going.

To get to the parity party.

Edit :  and beyond

I remember when people were talking about silver parity like it was this big thing that might never happen. "But if only it did reach silver parity, maybe then the PM bugs will take Bitcoin seriously." The good old days, nine months ago.

that was a much more significant event than people give it credit for.

gold and silver are linked at the hips more than ppl realize.  silver was supposed to be the metal that REALLY made goldbugs rich in the end as its price projections based on the gold:silver ratio were supposed to head to all time highs with the ratio to all time lows. 

as bullish as i was before, i became 4x more bullish once we passed parity @ around 20.  in order to really understand what is happening, you have to have been a big gold and silver holder.
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November 13, 2013, 05:01:05 PM
 #6423

this is OT, but this vid was mentioned here some time ago,
i put it on documentary thread (https://bitcointalk.org/index.php?topic=268955.msg3569469#msg3569469),
and a user asked for background info on James D'Angelo who's doing the 101 Blackboard series on world bitcoin network channel (http://www.youtube.com/channel/UCgo7FCCPuylVk4luP3JAgVw/videos).
just doing some research here...
Has somebody any info on this guy's educational background?

James has found his groove.  he's clearly a smart guy.  he's doing a great job with the new blackboard format.

i'd bet he visits this thread regularly given the last gold comparison video he did.  he cited many of the principles i've expounded upon for years now in much the same way.  

he's doing an excellent job.  anyone know his handle around here?

Did you notice that your thread happens to be the only one on the forum tracking the entire Bitcoin price history and people's reactions from 2012 until now? Tongue Even Adam's wall observer thread was rebooted once.

Wonder if the historians of future will scroll through pages to read our replies...

don't forget this thread is just an extension of:

Gold: I Smell a Trap

from 8/9/11
chriswilmer
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November 13, 2013, 06:27:28 PM
 #6424

Quote
The good old days, nine months ago.


That is both really funny and WOW has it really only been 9 months? I feel like I am 10 years older since 9 months ago.
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November 13, 2013, 06:32:46 PM
 #6425

I remember when people were talking about silver parity like it was this big thing that might never happen. "But if only it did reach silver parity, maybe then the PM bugs will take Bitcoin seriously." The good old days, nine months ago.

Bitcoin confirms my theory that we shouldn't measure time in a linear fashion in "seconds" but based on how many observable events come to pass in a given process.

In Bitcoin so many things happen so quickly that nine months of linear time seems far away (measured in events) so that we can talk about it like the "good old days"  Grin



I too recently have begin to observe time in fractals instead of constant intervals.
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November 13, 2013, 06:36:18 PM
 #6426

Here's a pretty graph:

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November 13, 2013, 06:36:47 PM
 #6427

a little over 1 yr ago we were in single digits.
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November 13, 2013, 06:37:53 PM
 #6428

I remember sub dollar parity. It was a good time. Cheesy
rpietila
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November 13, 2013, 06:39:22 PM
 #6429

First time I turned down Bitcoin, it was going for a quarter per.
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November 13, 2013, 06:41:15 PM
 #6430

In 2010 an ounce of gold could buy 20000 bitcoins.

Now it can buy less than 4.

Edit: Fixed typo
rpietila
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November 13, 2013, 06:43:46 PM
 #6431

In 2010 an ounce of gold could buy 40000 bitcoins.

Now it can buy less than 4.

As a result of these developments, right now I have neither 4 ounces of gold nor 40,000 bitcoins.  Cry
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November 13, 2013, 06:45:32 PM
 #6432

Here's a pretty graph:



this is the speed of adoption that miscreanity underestimated in our earlier debates in 2011.  and he's a young man too.

i'm an old man.  what's that say?:

The Geeks Fail to Understand That Which They Hath Created.
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November 13, 2013, 06:48:31 PM
 #6433

A million μBTC question is therefore, is the slope of the trend changing, to more closely resemble that of 2010-11?
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November 13, 2013, 07:20:03 PM
 #6434

Just crossed 100X purchasing power compared to GOLD!  Grin

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, nasdaq=3055, Bitcoin=5.4):
Bitcoin is 424.00 (415.00 btcChina in USD).  Gold is 1267.00.  Nasdaq is 3947.00
Bitcoin: 7751.85% (7585.19%)
Gold:    -25.03%
Nasdaq:  29.20%
Gold Diff:  10373% advantage Bitcoin
Nasdaq Diff:  5977% advantage Bitcoin
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November 13, 2013, 07:22:09 PM
 #6435

Just crossed 100X purchasing power compared to GOLD!  Grin

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, nasdaq=3055, Bitcoin=5.4):
Bitcoin is 424.00 (415.00 btcChina in USD).  Gold is 1267.00.  Nasdaq is 3947.00
Bitcoin: 7751.85% (7585.19%)
Gold:    -25.03%
Nasdaq:  29.20%
Gold Diff:   10373% advantage Bitcoin
Nasdaq Diff:  5977% advantage Bitcoin


wow, I too just passed 10000% increase today from the first price I purchased Bitcoins at during Jan 2012.

At the rates of this maybe I should just hold off on asteroid mining, it'll depreciate too much by the time it ROIs! Cheesy
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November 13, 2013, 08:42:02 PM
 #6436


this is the speed of adoption that miscreanity underestimated in our earlier debates in 2011.  and he's a young man too.

i'm an old man.  what's that say?:

The Geeks Fail to Understand That Which They Hath Created.


There's probably a lot of truth to this. I, for one, a (relatively young) geek by trade, did not think this would happen anywhere near so fast. It started to become clear in late 2012 that it might go quickly (as more investment in infrastructure and bitcoin-related businesses was appearing), but still... It's been only a year since we were all fantasizing about maybe, hopefully, one day, getting a mention on Zerohedge. Now ZH won't shut up about bitcoin, and we get a dozen mainstream-media articles a week, many of which are decently balanced. There's tons of tech-entrepreneur attention, from increasingly well-respected previously successful startup founders and more elite VC firms. Plus the scrutiny from top-tier governmental bodies (ECB, Fed, US Senate)... Back in 2011/2012, I certainly didn't expect to be at this stage in under 2 years. Fascinating.

Perhaps lack of the experience of living through prior booms prevented me from being intuitively aware that things *can* go this fast. Age/experience has many advantages in terms of setting proper expectations for the range of possibilities.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
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November 13, 2013, 11:31:35 PM
 #6437

I think the sheer number of fields one has to have mastered to really understand Bitcoin and its significance, not just on a gut level but enough to have the iron-clad confidence to make a serious investment and weather the storms along the way, is immense and diverse. Economics (markets, money, incentives, emergent order, entrepreneurship), computer science including recent developments, investing, mathematics (cryptography, the exponential function). Note that very few of these topics are well-covered in school, even at the university level (economics is covered if you major in it, but in a bastardized way).

It simply takes a long time to really master these fields. Especially it takes experience to see the forest for the trees and to see what is really important from among myriad details.
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November 13, 2013, 11:50:58 PM
 #6438

Facebook easy implies trusting 3rd parties to a larger degree but who knows where bitcoin will be when the point comes where it has Facebook name recognition.  Even now I've seen young college people from large cities draw a complete blank.  Not that they don't know how it works but they haven't even heard of bitcoin but they have Facebook, Twitter, Instagram and every other thing you can think of.
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November 14, 2013, 12:40:32 AM
 #6439

We need to make BTC facebook easy before it really takes off. But by then BTC will be worth $10,000 each so I'm sure we could fund it...
Wait five years and circle.com will to take care of FB and Walmart (my prediction).

Supporting people with beautiful creative ideas. Bitcoin is because of the developers,exchanges,merchants,miners,investors,users,machines and blockchain technologies work together.
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November 14, 2013, 12:45:10 AM
 #6440

Bitcoin is tulip mania 2.0—not gold 2.0: Schiff   old school Shocked Grin

Supporting people with beautiful creative ideas. Bitcoin is because of the developers,exchanges,merchants,miners,investors,users,machines and blockchain technologies work together.
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