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Question: Will you support Gavin's new block size limit hard fork of 8MB by January 1, 2016 then doubling every 2 years?
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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2022644 times)
User705
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November 29, 2013, 10:15:15 PM
 #6921

I was mainly a lurker, but it has been a hell of a ride anyway.

So, next question is: when will we have the first billionaire (in $) in this thread? Smiley
Satoshi by current estimates already is one.
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November 30, 2013, 12:24:54 AM
 #6922

miscreanity
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November 30, 2013, 01:01:47 AM
 #6923

Regulatory indecision was the sideshow: war is coming.

At this point, I think Bitcoin can act as its own closed economy... barely. Now we'll get to see which underhanded tactics are brought to bear - I think we've not seen the big guns so far.

Oh, and sure gold has been overshadowed and won't have as high a percentage growth as Bitcoin, but don't count it out yet. One word: transition!
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November 30, 2013, 02:32:48 AM
 #6924

It seems people have forgot about the unique thing about platinum: besides its widely uses in the auto industry, it is the only metal where the U.S. goverment can use to pay off ALL its obligations overnight, by minting a 1oz proof platinum coin with the denomination of 1 quadrillion USD. No other metal has this property.
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November 30, 2013, 02:38:33 AM
 #6925

It seems people have forgot about the unique thing about platinum: besides its widely uses in the auto industry, it is the only metal where the U.S. goverment can use to pay off ALL its obligations overnight, by minting a 1oz proof platinum coin with the denomination of 1 quadrillion USD. No other metal has this property.

All other metals have this property.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
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November 30, 2013, 02:49:09 AM
 #6926

It seems people have forgot about the unique thing about platinum: besides its widely uses in the auto industry, it is the only metal where the U.S. goverment can use to pay off ALL its obligations overnight, by minting a 1oz proof platinum coin with the denomination of 1 quadrillion USD. No other metal has this property.

If anything it makes you understanding what fiat really is-debt.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
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November 30, 2013, 03:13:41 AM
 #6927

It seems people have forgot about the unique thing about platinum: besides its widely uses in the auto industry, it is the only metal where the U.S. goverment can use to pay off ALL its obligations overnight, by minting a 1oz proof platinum coin with the denomination of 1 quadrillion USD. No other metal has this property.

All other metals have this property.


Not exactly - because of an obscure clause in U.S. commemorative coin legislation, only platinum can be used to make the fabled "quadrillion dollar coin." So, no other metal has this property  Grin Grin Grin

EDIT: Based on my likely unreliable memory and understanding of the legislation. Also, because Paul Krugman said so (so it must be so)
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November 30, 2013, 03:16:02 AM
 #6928

It seems people have forgot about the unique thing about platinum: besides its widely uses in the auto industry, it is the only metal where the U.S. goverment can use to pay off ALL its obligations overnight, by minting a 1oz proof platinum coin with the denomination of 1 quadrillion USD. No other metal has this property.

now that right there is funny

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.
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November 30, 2013, 03:20:56 AM
 #6929

The ledger of the gubermint can be changed at will, other than the restriction by some obscure laws, without the backing of real computing power/energy.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
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November 30, 2013, 06:55:41 PM
 #6930

Where do you people from EU buy physical silver. We have 22% tax, so I buy it in Germany - 7% tax. But after new year, tax will go up in Germany too.

Where will be best place to buy physical silver next year in EU?
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November 30, 2013, 06:56:02 PM
 #6931

It seems people have forgot about the unique thing about platinum: besides its widely uses in the auto industry, it is the only metal where the U.S. goverment can use to pay off ALL its obligations overnight, by minting a 1oz proof platinum coin with the denomination of 1 quadrillion USD. No other metal has this property.

All other metals have this property.


Not exactly - because of an obscure clause in U.S. commemorative coin legislation, only platinum can be used to make the fabled "quadrillion dollar coin." So, no other metal has this property  Grin Grin Grin

EDIT: Based on my likely unreliable memory and understanding of the legislation. Also, because Paul Krugman said so (so it must be so)

What? This sounds like the weirdest thing ever. Why would that even be decided on and recorded?
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November 30, 2013, 07:02:35 PM
 #6932

What? This sounds like the weirdest thing ever. Why would that even be decided on and recorded?

truth is indeed stranger than fiction

http://www.forbes.com/sites/beltway/2013/01/08/is-the-trillion-dollar-platinum-coin-clever-or-insane/

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.
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November 30, 2013, 07:21:48 PM
 #6933

Where do you people from EU buy physical silver. We have 22% tax, so I buy it in Germany - 7% tax. But after new year, tax will go up in Germany too.

Where will be best place to buy physical silver next year in EU?
Estonia. They are the only country in the EU without VAT on silver. I think forum member rpietila can confirm this.

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November 30, 2013, 07:23:51 PM
 #6934

Mabye because a bitcoin wallet ways what ( How much does my iphone way )

and how much does gold way like what are you going to walk into a coffee shop and grab some gold out of your pocket
I think bitcoin is alot better than gold because gold just has a great colour Tongue Grin
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November 30, 2013, 07:24:38 PM
 #6935

What? This sounds like the weirdest thing ever. Why would that even be decided on and recorded?

truth is indeed stranger than fiction

http://www.forbes.com/sites/beltway/2013/01/08/is-the-trillion-dollar-platinum-coin-clever-or-insane/

What bull shit. That would clearly not be aimed at collectors.
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November 30, 2013, 07:26:02 PM
 #6936

of course not

that there was even sober discussion on this possibility points out just how absurd and precarious the fiat ponzi has become

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.
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November 30, 2013, 07:26:27 PM
 #6937

What? This sounds like the weirdest thing ever. Why would that even be decided on and recorded?

truth is indeed stranger than fiction

http://www.forbes.com/sites/beltway/2013/01/08/is-the-trillion-dollar-platinum-coin-clever-or-insane/

What bull shit. That would clearly not be aimed at collectors.

I don't know.  Its won't be long before I can trade 1 btc for that trillion dollar thingy - I'd give it til Christmas Tongue


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jojo69
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November 30, 2013, 07:31:39 PM
 #6938

I'll just leave these here

http://www.youtube.com/watch?v=d0nERTFo-Sk

round 2

http://www.youtube.com/watch?v=GTQnarzmTOc

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.
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November 30, 2013, 07:59:14 PM
 #6939

What? This sounds like the weirdest thing ever. Why would that even be decided on and recorded?

truth is indeed stranger than fiction

http://www.forbes.com/sites/beltway/2013/01/08/is-the-trillion-dollar-platinum-coin-clever-or-insane/

What bull shit. That would clearly not be aimed at collectors.

lol   and people trust govt debt as "money"

It is especially droll that so many people consider Bitcoin to be so crazy and illegitimate compared to mainstream monetary systems. 

'Problem solving' via Krugman's coin is obviously much poorer engineering than anything in crypto-currency land, and the fact that it would probably be an effective problem solving technique under our political and economic system says a lot...and not much of what it says good for long term individual planning.


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November 30, 2013, 08:31:48 PM
 #6940


I think bitcoin is alot better than gold because gold just has a great colour Tongue Grin

In Chinese we use the color of gold to describe something that routinely comes out of your anus.
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