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News: Due to BIP91, it would starting now be prudent to require 5 times more confirmations than usual before trusting transactions.
 
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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 1935614 times)
wachtwoord
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December 22, 2013, 06:28:28 PM
 #7241



Or buy something that is convertible to fiat at about predictable rate.

Some people use Lambo's for this sort of thing  Wink

Well, I also have a Rolex which is under "cash equivalents", also a 5,000oz silver lot is there.

Lambo liquidity is poor in Finland... Tongue

Especially if the Lambo is in the US Wink
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rpietila
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December 22, 2013, 06:35:01 PM
 #7242

Ferraris abound here, I could buy one tomorrow. Lambo is very rare.
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December 22, 2013, 06:38:40 PM
 #7243

My neighbour used his Lambo to rotovate my garden..
marcus_of_augustus
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December 22, 2013, 06:39:10 PM
 #7244

 ... just give all your fiat to your wife, I'm sure she'll find something to do with it Sad

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December 22, 2013, 06:44:36 PM
 #7245

... just give all your fiat to your wife, I'm sure she'll find something to do with it Sad

Just be careful of the denominations, or she could end up getting handcuffed to a pole:
http://www.wnd.com/2005/04/29732/

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
marcus_of_augustus
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December 22, 2013, 06:56:56 PM
 #7246

Quote
Commenting on the incident, Baltimore County police spokesman Bill Toohey told the Sun: “It’s a sign that we’re all a little nervous in the post-9/11 world.”

wtf? ... they saw some $2 bills and pissed themselves in fear?

who are these people 3 year olds?


Edit: looks like it is a story from 2005, maybe things have got better since then

jojo69
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December 22, 2013, 08:05:33 PM
 #7247

best buy...go figure

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.
molecular
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December 22, 2013, 08:40:10 PM
 #7248



Or buy something that is convertible to fiat at about predictable rate.

Some people use Lambo's for this sort of thing  Wink

Well, I also have a Rolex which is under "cash equivalents", also a 5,000oz silver lot is there.

Lambo liquidity is poor in Finland... Tongue

Thanks for your suggestions, guys.

I sure as hell wont buy any diamonds or rolexes or any stuff I don't know about. I just want the cash, needs to be liquid.

I also don't feel like doing physical security and worrying about burglars and fires (just had my office burn down, don't need that fear). I guess the bulk will be in bank accounts, let them shave off 20% or whatever, I don't care. Still 90% in crypto anyways, 5% metal. When bitcoin reaches 10k, I'll put some in real estate and/or land.

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marcus_of_augustus
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December 23, 2013, 03:32:13 AM
 #7249

... just give all your fiat to your wife, I'm sure she'll find something to do with it Sad

Just be careful of the denominations, or she could end up getting handcuffed to a pole:
http://www.wnd.com/2005/04/29732/

I don't want to live on this planet anymore.

Just leave your bitcoins in safe hands if you decide to checkout (I can take care of them Smiley) ... the world would be a worse place without ya btw.

Zangelbert Bingledack
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December 23, 2013, 04:40:42 AM
 #7250


On a side-note: since I cashed out some fiat to be able to settle possible tax liabilities (in case my bitcoin gains tax scheme is rejected or interpretation of tax regulation in germany changes and at the same time bitcoins fails hard) I came to the conclusion that stuff is really hard to secure: I just don't know where to put the crap! Don't want to leave it in my bank account (that's an investment in the bank or at least a 3rd party rsik), don't want to stuff it under the mattress (risk of theft and fire) and I can't seem to figure out a way how to make a fiat brainwallet.

I think I'll settle for some kind of distributive strategy. Any ideas? Dig a hole in the woods?

Ah the Early Adopter Paradox. What do you do when an investment is itself better money than the money you'd "cash it out" for? You don't. (At least not very much.)
tvbcof
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December 23, 2013, 04:59:35 AM
 #7251

Ah the Early Adopter Paradox. What do you do when an investment is itself better money than the money you'd "cash it out" for? You don't. (At least not very much.)

True indeed.  A significant part of the reason I got interested in Bitcoin in the first place is because there is a distinct upper limit on the amount of cash I want to have on-hand.  This because I am conically concerned about being Cyprus'd.  I am feeling significant pressure to take some profits, but am struggling to decide the best mode which results in cash in a demand account for the shortest time possible.  I'd rather not go through fiat at all but the range of items for sale denominated in Bitcoin is limited.  Items that I want anyway.

Hopefully when I profit-take again in a year or two the landscape will be more conducive to trading straight across for shit which appeals to me.


molecular
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December 23, 2013, 09:15:33 AM
 #7252

Hopefully when I profit-take again in a year or two the landscape will be more conducive to trading straight across for shit which appeals to me.

Had you asked me in 2012 or first half of 2013 I would've said: dude, be patient. At least 5 more years before any significant person-on-the-street or online merchant adoption happens. I clearly remember holding this opinion in March.

Now, with the huge awareness-boost and repeated survival of Bitcoin in latter part of 2013, I really think we're getting there faster. Bitcoin is sneaking into the backs of the heads of the general population as a viable alternative money and the awareness of the population getting scammed hard by the current monetary system and its masters is only rising. I've already been buying food and a massage (kind of, had to mix in some fiat) irl this year from non-technically-inclined people.

I'm not sure what appeals to you, but it's looking at least an order of a magnitude more achievable to me than 1 year ago.

I can't wait, to be honest. Not necessarily only because I'll be able to buy stuff with Bitcoin, but also because this makes the goal of living in a society that uses honest money come that much closer. I despise of our current slave masters with such a passion that making them as powerless as ourselves would be a satisfaction so great one couldn't really ask for more.

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Technomage
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December 23, 2013, 09:20:41 AM
 #7253

I agree and I think that 2014 will be the year that Bitcoin finally breaks through as a means of payment. This was the year it got real mainstream attention, next year we will see massive adoption waves in terms of actual usage. That is obviously great news for the innovators among us who are just waiting to be able to spend bitcoins in more and more ways.

Denarium - Leading Physical Bitcoin Manufacturer - Gold Parity Coin Batch #2 NOW FOR SALE!
manfred
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December 23, 2013, 01:23:50 PM
 #7254

bitcoin-as-good-as-gold

http://www.internationalman.com/78-global-perspectives/1010-bitcoin-as-good-as-gold#
UPENtXF
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December 23, 2013, 03:14:59 PM
 #7255

I think it's peculiar that bitcoin maxed out at about the price of an ounce, and now hovering right around half an ounce. I wonder if it's just a coincidence.  Undecided

"Bitcoins, B-I-T-C-O-I-N-S - It's available to you inside the google." - Fox News
vokain
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December 23, 2013, 03:23:07 PM
 #7256

I think it's peculiar that bitcoin maxed out at about the price of an ounce, and now hovering right around half an ounce. I wonder if it's just a coincidence.  Undecided

probably it's because of the same idea of a broken clock being right twice a day, etc.

...مكتوب
Escape the plutocrats’ zanpakutō, Flower in the Mirror, Moon on the Water: brave “the ascent which is rough and steep” (Plato).
notme
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December 25, 2013, 08:08:04 AM
 #7257


3 months old, but LOL at the comments.  Good job making fun of the $150/btc buyer 2 months before it hit $1240 Tongue.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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Spaceman_Spiff
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December 25, 2013, 03:36:15 PM
 #7258

I agree and I think that 2014 will be the year that Bitcoin finally breaks through as a means of payment. This was the year it got real mainstream attention, next year we will see massive adoption waves in terms of actual usage. That is obviously great news for the innovators among us who are just waiting to be able to spend bitcoins in more and more ways.
Is there a (credible) plan for the scaling issue?  (I really should do my homework on this soon)
Spaceman_Spiff
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December 25, 2013, 05:02:06 PM
 #7259

I agree and I think that 2014 will be the year that Bitcoin finally breaks through as a means of payment. This was the year it got real mainstream attention, next year we will see massive adoption waves in terms of actual usage. That is obviously great news for the innovators among us who are just waiting to be able to spend bitcoins in more and more ways.
Is there a (credible) plan for the scaling issue?  (I really should do my homework on this soon)

Yeah. We all use LTC.  Tongue
Everybody knows litecoin magically fixes every BTC issue  Wink .
oakpacific
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December 26, 2013, 04:05:12 AM
 #7260

I agree and I think that 2014 will be the year that Bitcoin finally breaks through as a means of payment. This was the year it got real mainstream attention, next year we will see massive adoption waves in terms of actual usage. That is obviously great news for the innovators among us who are just waiting to be able to spend bitcoins in more and more ways.
Is there a (credible) plan for the scaling issue?  (I really should do my homework on this soon)

It can be fixed, just no sense of urgency yet, at least not enough to get a hard-fork done, it will be done when the time is right.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
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