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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 1805114 times)
RandomPedestrianN9
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May 27, 2014, 10:13:13 PM
 #8441

Back to gold  Grin

A friend of mine, who is into TA, told me he is shorting gold because he thinks gold will drop below 1000 USD/ounce...
Seems unlikely to me, but what do you guys think?

The gold manipulation is exposed now. Guess gold will start to rally again in the near future, no?

Historical inflation adjusted gold price chart. Im glad im not blinded retarded fanboy.
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May 27, 2014, 10:15:55 PM
 #8442

Back to gold  Grin

A friend of mine, who is into TA, told me he is shorting gold because he thinks gold will drop below 1000 USD/ounce...
Seems unlikely to me, but what do you guys think?

The gold manipulation is exposed now. Guess gold will start to rally again in the near future, no?

This seems counter intuitive given Russia is looking to buy gold, maybe the FED is shorting Uukraine gold with new fractional reserve paper gold.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
RandomPedestrianN9
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May 27, 2014, 10:17:51 PM
 #8443

Back to gold  Grin

A friend of mine, who is into TA, told me he is shorting gold because he thinks gold will drop below 1000 USD/ounce...
Seems unlikely to me, but what do you guys think?

The gold manipulation is exposed now. Guess gold will start to rally again in the near future, no?

This seems counter intuitive given Russia is looking to buy gold, maybe the FED is shorting Uukraine gold with new fractional reserve paper.
Nah, they are shorting the gold they "transported" from Ukraine to store it safely in undisclosed location in case there wont be Ukraine in the future. Nice "borrowing" USA, well played.
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May 27, 2014, 10:20:01 PM
 #8444

Back to gold  Grin

A friend of mine, who is into TA, told me he is shorting gold because he thinks gold will drop below 1000 USD/ounce...
Seems unlikely to me, but what do you guys think?

The gold manipulation is exposed now. Guess gold will start to rally again in the near future, no?

This seems counter intuitive given Russia is looking to buy gold, maybe the FED is shorting Uukraine gold with new fractional reserve paper.
Nah, they are shorting the gold they "transported" from Ukraine to store it safely in undisclosed location in case there wont be Ukraine in the future. Nice "borrowing" USA, well played.

Yes, that's where most of Europe's gold went. I doubt it's were they say it is.

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May 27, 2014, 10:21:58 PM
 #8445

Back to gold  Grin

A friend of mine, who is into TA, told me he is shorting gold because he thinks gold will drop below 1000 USD/ounce...
Seems unlikely to me, but what do you guys think?

The gold manipulation is exposed now. Guess gold will start to rally again in the near future, no?

i'm short.
RandomPedestrianN9
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May 27, 2014, 10:22:55 PM
 #8446

Back to gold  Grin

A friend of mine, who is into TA, told me he is shorting gold because he thinks gold will drop below 1000 USD/ounce...
Seems unlikely to me, but what do you guys think?

The gold manipulation is exposed now. Guess gold will start to rally again in the near future, no?

i'm short.

Every person with half a brain is short on gold long term, ill buy in 10 years for 350 dollars.
Carlton Banks
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May 27, 2014, 10:25:09 PM
 #8447

Namecoin isn't a monetary coin.

LMAO for non-monetary coins.

namecoin is useful as it allows a decentralized censorship resistant DNS .bit domains

its a cool alt coin thats been out for a long time.

I wouldn't speculate on namecoin, but i can see myself possibly buying a few to get a .bit domain



actually namecoin is interesting from a theoretical perspective. [...] The fact the gold-bugs are not jumping on NMC in hoardes tells me the whole "intrinsic value" argument is flawed.

Distributed TLD/DNS database: yes

Database that can't have values removed: no


Using coin mining as an incentive for the problem that Namecoin is trying to solve doesn't work IMO. There's just no reason to have a separate cryptocoin for every implementation of a decentralised network that uses cryptographic proofs to operate.

In bitcoin, the justification is there, as every data unit (the coins) must originate from a mining block reward to ensure the validity of transaction inputs. The database for TLD/DNS serving doesn't need to store the original instantiation of the domain name or it's DNS resolution mapping, that information is no longer relevant the moment it changes (and there can exist the need for it to change frequently in either case). The wasteful bloat would probably kill a working Namecoin system before it became really useful. It still does a good job of popularising the idea.

I think the uncensorable web domains issue will be solved by some overlay protocol to MAIDsafe or MetaDisk (or perhaps a new rival decentralised storage system)

Vires in numeris
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May 27, 2014, 10:46:00 PM
 #8448

Well... I'm still bullish on gold, for the mid term. I think there is a chence crypto will take a large part of the gold market in 10-20 years. But not in the next 5 years. I still have some gold. I sold some for BTC around 500 USD/BTC.

However, the bull market of BTC will be greater than the Gold bull market.

Tried to find a friend from whom I could lend some fiat to buy BTC with my gold als "pawn", but nobody accepted. I even offered to discount the gold value with 20% and offered a montly interest rate of 1%. Well, now it's to late. I will not buy BTC anymore. I have my stash and am happy with it. I will keep the gold as hedge against crypto failing ( Roll Eyes)

Searching for a trusted escrow service? Check my trust. I use a Trezor device for my escrow services, so your coins are safe. Fee: 0.5% or 0.05 BTC, whichever is lower
I support the largest public transparent p2p ledger Bitcoin (16TwXyEmpz7xKHbyVufZECXGFmUH9wHUyW) and the best private fungible digital cash Monero (dnaleor.weuse.cash)
Cetere mi opinias ke Dasho estas detruenda.     |     1Credit - Fair emission, better than BTC > CLCqECaYpCahgKRsXJiVBzgsiz57ZHfr4u
TeeBone
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May 28, 2014, 03:53:02 AM
 #8449

Back to gold  Grin

A friend of mine, who is into TA, told me he is shorting gold because he thinks gold will drop below 1000 USD/ounce...
Seems unlikely to me, but what do you guys think?

The gold manipulation is exposed now. Guess gold will start to rally again in the near future, no?

Im upping my previous 85% to 90% that we never see sub $1180 again. The bottom is in, smart money is accumulating. I havent bought as much gold since 2008 when it crashed to 600. everyone back then proclaiming gold dead just like they are now.

For sub $1000 gold to happen, we'd have to see 15% interest rates and fiat printing massively reduced. Expect that to happen ? We live in an entirely different world then 1980.

The Fed will never allow another '08 deflationary crash to happen again. They are going for broke, the next collapse will be the end of the USD.
smoothie
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May 28, 2014, 03:55:14 AM
 #8450

Back to gold  Grin

A friend of mine, who is into TA, told me he is shorting gold because he thinks gold will drop below 1000 USD/ounce...
Seems unlikely to me, but what do you guys think?

The gold manipulation is exposed now. Guess gold will start to rally again in the near future, no?

Im upping my previous 85% to 90% that we never see sub $1180 again. The bottom is in, smart money is accumulating. I havent bought as much gold since 2008 when it crashed to 600. everyone back then proclaiming gold dead just like they are now.

For sub $1000 gold to happen, we'd have to see 15% interest rates and fiat printing massively reduced. Expect that to happen ? We live in an entirely different world then 1980.

The Fed will never allow another 08' deflationary crash to happen again. They are going for broke, the next collapse will be the end of the USD.


So did you chicken out on that escrowed bet with Cypher?

 Cheesy Cheesy Cheesy

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LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
sidhujag
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May 28, 2014, 05:09:58 AM
 #8451

On the up side, there is a good chance it will be integrated with Open-Transactions, for all those cool 2.0 Bitcoin type services, solving the P2P trust of individual identity in a decentralized and trust free way.
Monetas just hired two Go programmers to work on adding features to btcd.

What if they used those coders also to fork btcd and modify it to into nmcd - a Go implementation of Namecoin?

Sounds good, I'd say it makes investing in NMC a more risky, I think Namecoin's value is in the merged mining and the total hashrate, i haven't been flowing btcd much, do you think it could fly as an alt?

I'd agree that merged-mining provides more value to a coin than anything else these new p&d alt coins offer. However the market hasn't priced it in yet so I'd say you are making a smart move by buying merged-mined coins...

Look at Devcoin its price is super duper low, and in comparison coins with similar amounts of supply are priced higher, not even being merge-mined. So it's just smart investment imo.
smoothie
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May 28, 2014, 06:14:26 AM
 #8452

Look at this desperate attempt to get the Ripple price up again. LOL http://www.coindesk.com/ripple-price-rebound-ceo-7-billion-xrp-donation/

Oh when will these kids learn?

Bitcoin building a base....to da moon! Grin Grin Grin

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                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
HeliKopterBen
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May 28, 2014, 01:11:48 PM
 #8453


it's about understanding Bitcoin as a whole; the technical aspects plus the economic incentives involved.  if he fails to understand either one of those, he fails to understand Bitcoin.

The same can be said for economists who dismiss BTC.  They fail to understand the technology behind it.

Counterfeit:  made in imitation of something else with intent to deceive:  merriam-webster
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May 28, 2014, 01:18:43 PM
 #8454


it's about understanding Bitcoin as a whole; the technical aspects plus the economic incentives involved.  if he fails to understand either one of those, he fails to understand Bitcoin.

The same can be said for economists who dismiss BTC.  They fail to understand the technology behind it.

Funny thing is when you think about it, they fail to understand the economics behind it too.
HeliKopterBen
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May 28, 2014, 01:31:07 PM
 #8455

Ha Ha.  Peter Schiff and other gold bugs came to mind.  They seem to understand the economics of sound money.  Its the keynesians who are totally clueless.

Counterfeit:  made in imitation of something else with intent to deceive:  merriam-webster
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May 28, 2014, 02:47:57 PM
 #8456

Gold Collapsing. Bitcoin UP.
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May 28, 2014, 04:00:07 PM
 #8457


it's about understanding Bitcoin as a whole; the technical aspects plus the economic incentives involved.  if he fails to understand either one of those, he fails to understand Bitcoin.

The same can be said for economists who dismiss BTC.  They fail to understand the technology behind it.

Funny thing is when you think about it, they fail to understand the economics behind it too.

Funny, but not surprising at all.



People with a degree in economics will be among the last to truly understand the economics behind Bitcoin. Too much disinformation posing as knowledge stands between them and understanding.

It's all bullshit. But bullshit makes the flowers grow and that's beautiful.
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Let's talk governance, lipstick, and pigs.


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May 28, 2014, 04:22:47 PM
 #8458


it's about understanding Bitcoin as a whole; the technical aspects plus the economic incentives involved.  if he fails to understand either one of those, he fails to understand Bitcoin.

The same can be said for economists who dismiss BTC.  They fail to understand the technology behind it.

Funny thing is when you think about it, they fail to understand the economics behind it too.

Funny, but not surprising at all.



People with a degree in economics will be among the last to truly understand the economics behind Bitcoin. Too much disinformation posing as knowledge stands between them and understanding.
Now Secret Squirrels destroying non counterfeitable cryptocurrencies with stealth addresses.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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May 28, 2014, 04:29:48 PM
 #8459


People with a degree in economics will be among the last to truly understand the economics behind Bitcoin. Too much disinformation posing as knowledge stands between them and understanding.

The intelligent, innovative contrarians among them will understand. Yes this is the minority but dismissing them is unfair.

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May 28, 2014, 04:52:27 PM
 #8460


People with a degree in economics will be among the last to truly understand the economics behind Bitcoin. Too much disinformation posing as knowledge stands between them and understanding.

The intelligent, innovative contrarians among them will understand. Yes this is the minority but dismissing them is unfair.
Yeah, I have a degree in economics  Cool

But I read Bastiat, von Mises and Hayek on my free time. It didn't surprise me that non-Austrian economists don't get Bitcoin, since they basically don't understand economics. But I was sad to see that most current Austrians don't get it either. They simply had to read Hayek ffs... but I guess Hayek isn't enough Austrian for these dogmatic people...
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