Bitcoin Forum
December 11, 2016, 10:22:23 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 ... 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 [323] 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 ... 1560 »
  Print  
Author Topic: Gold collapsing. Bitcoin UP.  (Read 1808613 times)
Zangelbert Bingledack
Legendary
*
Offline Offline

Activity: 1022


View Profile
November 13, 2013, 11:31:35 PM
 #6441

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.
1481451743
Hero Member
*
Offline Offline

Posts: 1481451743

View Profile Personal Message (Offline)

Ignore
1481451743
Reply with quote  #2

1481451743
Report to moderator
1481451743
Hero Member
*
Offline Offline

Posts: 1481451743

View Profile Personal Message (Offline)

Ignore
1481451743
Reply with quote  #2

1481451743
Report to moderator
1481451743
Hero Member
*
Offline Offline

Posts: 1481451743

View Profile Personal Message (Offline)

Ignore
1481451743
Reply with quote  #2

1481451743
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481451743
Hero Member
*
Offline Offline

Posts: 1481451743

View Profile Personal Message (Offline)

Ignore
1481451743
Reply with quote  #2

1481451743
Report to moderator
1481451743
Hero Member
*
Offline Offline

Posts: 1481451743

View Profile Personal Message (Offline)

Ignore
1481451743
Reply with quote  #2

1481451743
Report to moderator
1481451743
Hero Member
*
Offline Offline

Posts: 1481451743

View Profile Personal Message (Offline)

Ignore
1481451743
Reply with quote  #2

1481451743
Report to moderator
User705
Hero Member
*****
Offline Offline

Activity: 588



View Profile
November 13, 2013, 11:50:58 PM
 #6442

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.
World
Hero Member
*****
Offline Offline

Activity: 746



View Profile
November 14, 2013, 12:40:32 AM
 #6443

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.
World
Hero Member
*****
Offline Offline

Activity: 746



View Profile
November 14, 2013, 12:45:10 AM
 #6444

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.
Zangelbert Bingledack
Legendary
*
Offline Offline

Activity: 1022


View Profile
November 14, 2013, 12:47:16 AM
 #6445

I'm not a master in these fields but add politics/govt to that mix and you have my 4 greatest interests after history.

History is my true love but after than I learn all I can about the other 4.

It is really hard to grasp BTC. Learning about it in 2010 I was like wow, damn cool but it will never take off. Too many stupid people. Mid 2011 tried to explain to normal people, they think I'm nuts. Even now in late 2013 people come to me about BTC but its, how doers it work? And their eyes glaze over before I'm half way done.

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...

By economics I meant political economy, which includes politics and government. History is also a big help, I think.

One other thing, maybe most important of all, is that it takes life experience to learn how much you can trust your judgment. To learn the difference between confident wishful thinking and confidence with solid backing based on deep understanding, weighing of all factors, not being afraid to think independently, and elimination of blind spots and other weaknesses in your decision-making process - it's extremely difficult, though not impossible, to come by such judgment ability other than by age.
Zangelbert Bingledack
Legendary
*
Offline Offline

Activity: 1022


View Profile
November 14, 2013, 12:54:06 AM
 #6446


Peter Schiff is a good example of someone who understands the economics but not the cryptography. He also isn't afraid to think independently but he has a weakness in that he is dismissive of that which he doesn't understand. At this point he should just say, "I can't see how it can work," and get to doing his research on it. I'm afraid his personality will make it take quite a while before he gets around to it, though.
oakpacific
Hero Member
*****
Offline Offline

Activity: 798


View Profile
November 14, 2013, 01:03:34 AM
 #6447


Peter Schiff is a good example of someone who understands the economics but not the cryptography. He also isn't afraid to think independently but he has a weakness in that he is dismissive of that which he doesn't understand. At this point he should just say, "I can't see how it can work," and get to doing his research on it. I'm afraid his personality will make it take quite a while before he gets around to it, though.

Or Americans' old tendency to hate the math and avoid it whenever possible.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
NewLiberty
Legendary
*
Offline Offline

Activity: 1064


Gresham's Lawyer


View Profile WWW
November 14, 2013, 02:22:46 AM
 #6448

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.

I concur.
Math, cryptography, programming, investing (did programming for William O'Neill & co), systems, economics, have all been helpful, as have career work in banking, telecom and manufacturing.

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
jojo69
Hero Member
*****
Offline Offline

Activity: 728



View Profile
November 14, 2013, 02:23:57 AM
 #6449

I'm afraid his personality will make it take quite a while before he gets around to it, though.

his loss

he is certainly on the right track in many respects, but I used to tune in his show on the shortwave and have heard some straight up ignorant shit from him also

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.
SkRRJyTC
Legendary
*
Offline Offline

Activity: 966


View Profile
November 14, 2013, 03:16:22 AM
 #6450


Peter Schiff is a good example of someone who understands the economics but not the cryptography. He also isn't afraid to think independently but he has a weakness in that he is dismissive of that which he doesn't understand. At this point he should just say, "I can't see how it can work," and get to doing his research on it. I'm afraid his personality will make it take quite a while before he gets around to it, though.

He sells silver for a living.
tvbcof
Legendary
*
Offline Offline

Activity: 1988


View Profile
November 14, 2013, 05:57:33 AM
 #6451


Peter Schiff is a good example of someone who understands the economics but not the cryptography. He also isn't afraid to think independently but he has a weakness in that he is dismissive of that which he doesn't understand. At this point he should just say, "I can't see how it can work," and get to doing his research on it. I'm afraid his personality will make it take quite a while before he gets around to it, though.

He sells silver for a living.

Ironically, I never thought I'd buy another ounce of silver but wishing to re-balance a bit due to increased BTC valuations, I may in fact do just that.  Looks like a screaming deal these days to me (though I liked $4.50 better...)


kjj
Legendary
*
Offline Offline

Activity: 1302



View Profile
November 14, 2013, 06:05:23 AM
 #6452

I used to watch the PM prices all day, but I haven't for a while.  I have a meager stack of silver and a couple slivers of gold.  I'd feel bad about the drop in value, if I weren't so happy about the rise in value of my meager stack of bitcoins.

P.S.  Anyone know a site with persistent image URLs for gold and silver spot charts?

p2pcoin: a USB/CD/PXE p2pool miner - 1N8ZXx2cuMzqBYSK72X4DAy1UdDbZQNPLf - todo
I routinely ignore posters with paid advertising in their sigs.  You should too.
molecular
Donator
Legendary
*
Offline Offline

Activity: 2142



View Profile
November 14, 2013, 07:22:39 AM
 #6453

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...

I'd rather guess it will be analytical algorithms scrolling through not only this forum but all available information. Historians can then just ask the bots.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
molecular
Donator
Legendary
*
Offline Offline

Activity: 2142



View Profile
November 14, 2013, 07:24:21 AM
 #6454

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.

I see you point and I agree with it. I think it was very noticable in the reception of Bitcoin within the metal-head community, too.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
molecular
Donator
Legendary
*
Offline Offline

Activity: 2142



View Profile
November 14, 2013, 07:25:37 AM
 #6455


Schiff wants to talk bitcoin with a bitcoiner. reddit: http://www.reddit.com/r/Bitcoin/comments/1qkqjr/peter_schiff_has_requested_a_bitcoiner_to_debate/

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
molecular
Donator
Legendary
*
Offline Offline

Activity: 2142



View Profile
November 14, 2013, 07:27:47 AM
 #6456

I'm afraid his personality will make it take quite a while before he gets around to it, though.

his loss

he is certainly on the right track in many respects, but I used to tune in his show on the shortwave and have heard some straight up ignorant shit from him also

Schiff says things like:

Bit coins have no intrinsic value. Since you can divide each "coin" into 10 million smaller units, the total supply is zillions. They are not scare. Dividing bit coins is not like dividing gold coins. Two half-ounce gold coins have half the gold as a one-ounce coin. That is because each half ounce coin contains half the intrinsic value of a full ounce coin. Break a bit coin in half, and each half is basically identical to the whole. Since a bit coin has an intrinsic value of zero, half of zero is still zero. Put it this way, if they sold bit coins in bundles of 10 million, where the individual coins could not be subdivided, and the maximum quantity of those 10 million dollar bundles was 21 million, would anyone claim that bit coins were scarce? This is a ponzi scheme pure and simply and the reaction on this board from those participating in it merely provides more evidence to prove my point.

It hurts! I think he's just sour because he thinks he's missed the train.

EDIT: I think he also made a freudian typo: "They are not scare". Haha, Peter, Bit coins are really really scare!

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
Pruden
Sr. Member
****
Offline Offline

Activity: 457

Sirius Iberia - Nos tomamos el Bitcoin en serio


View Profile
November 14, 2013, 07:34:31 AM
 #6457

So that guy, revans, who says in this board that slicing a pie debases its value... it's Schiff!

World
Hero Member
*****
Offline Offline

Activity: 746



View Profile
November 14, 2013, 03:05:57 PM
 #6458

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).
Additional information
Hire of Raj Date Boosts Bitcoin Credibility
and
http://en.wikipedia.org/wiki/Accel_Partners

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

Activity: 92


View Profile
November 14, 2013, 03:17:20 PM
 #6459

I used to watch the PM prices all day, but I haven't for a while.  I have a meager stack of silver and a couple slivers of gold.  I'd feel bad about the drop in value, if I weren't so happy about the rise in value of my meager stack of bitcoins.

P.S.  Anyone know a site with persistent image URLs for gold and silver spot charts?

kitco.com ?

Don't suppose there's anyone else here from the old kitco forum of the late 90s?

Namaste

BitcoinAshley
Sr. Member
****
Offline Offline

Activity: 448



View Profile
November 14, 2013, 03:58:36 PM
 #6460

So that guy, revans, who says in this board that slicing a pie debases its value... it's Schiff!


By his logic, he must also think that removing the half-penny from American circulation increased the value of the dollar, lololol. Because it made the "dollar" more "scarce."
Pages: « 1 ... 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 [323] 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 ... 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!