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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1806134 times)
Melbustus
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June 03, 2014, 04:51:29 AM
 #8541

...But the fact that we are on CNBC and Bloomberg at all is still a little amazing to me.  Grin


Indeed. I think back to 2011 when it was really sort of a ridiculous contrast understanding what bitcoin could become, and seeing the present state of things. Having bitcoin discussed in *any* mainstream outlet, much less major financial news networks, just seemed so far off...

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
Best info on Casascius coins: http://spotcoins.com/casascius
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cypherdoc
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June 03, 2014, 05:20:18 AM
 #8542

Push!
NewLiberty
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June 03, 2014, 01:32:43 PM
 #8543

...But the fact that we are on CNBC and Bloomberg at all is still a little amazing to me.  Grin


Indeed. I think back to 2011 when it was really sort of a ridiculous contrast understanding what bitcoin could become, and seeing the present state of things. Having bitcoin discussed in *any* mainstream outlet, much less major financial news networks, just seemed so far off...

Its been one of my bellweather markers on the way to mainstream.
When bloomberg (or cnbc) put bitcoin exchange prices on their TV ticker.
There is increasing talk on these news, so often dismissal outright, and occasional visionary optimist. (Hi @mattmiller1973, Bloomberg is lucky to have you.) At least they are talking.

One can only be dismissive for so long until it becomes evident that it just isn't going away.

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Adrian-x
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June 03, 2014, 06:20:59 PM
 #8544

Why Bitcoin Is Wonderful (In Two Minutes) - Mike Maloney (gold bull)
https://www.youtube.com/watch?v=XZ4bVgzxp2g

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
igorr
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June 03, 2014, 06:44:27 PM
 #8545

Bitcoin is not money, and not accepted

Славься, Отечество наше свободное,
Братских народов союз вековой,
Предками данная мудрость народная!
Славься, страна! Мы гордимся тобой!
blatchcorn
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June 03, 2014, 07:21:13 PM
 #8546

Bitcoin is not money, and not accepted
I have purchased more things with bitcoin than I have with gold.

I don't know a single place that would accept gold as payment.
igorr
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June 03, 2014, 07:24:18 PM
 #8547

Bitcoin is not money, and not accepted
I have purchased more things with bitcoin than I have with gold.

I don't know a single place that would accept gold as payment.

Gold accept, black and white and yellow people, bitcoin nobody.

Славься, Отечество наше свободное,
Братских народов союз вековой,
Предками данная мудрость народная!
Славься, страна! Мы гордимся тобой!
blatchcorn
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June 03, 2014, 07:25:29 PM
 #8548

Bitcoin is not money, and not accepted
I have purchased more things with bitcoin than I have with gold.

I don't know a single place that would accept gold as payment.

Gold accept, black and white and yellow people, bitcoin nobody.
wat?
igorr
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June 03, 2014, 07:27:48 PM
 #8549

Bitcoin is nothing

Славься, Отечество наше свободное,
Братских народов союз вековой,
Предками данная мудрость народная!
Славься, страна! Мы гордимся тобой!
trackermut
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June 03, 2014, 08:55:42 PM
 #8550

Bitcoin is nothing

Nope just checked still 670, dam was going to get some more.
cypherdoc
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June 03, 2014, 09:18:09 PM
 #8551

Bitcoin is nothing

then why do you spend so much time here trolling?

unless your time is worth nothing.
cypherdoc
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June 03, 2014, 11:03:35 PM
 #8552

more data on my hypothesis that The Blockchain may only ever be applicable to Bitcoin As Money:

http://www.forbes.com/sites/kashmirhill/2014/06/03/mastercoin-maidsafe-crowdsale/
tabnloz
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June 03, 2014, 11:41:18 PM
 #8553

Bitcoin is not money, and not accepted
I have purchased more things with bitcoin than I have with gold.

I don't know a single place that would accept gold as payment.

Gold accept, black and white and yellow people, bitcoin nobody.
wat?

He may be trolling, but its always good to interpret the trollisms...

Yes, igorr, is correct in his argument. Gold is universal and accepted by everybody.

Bitcoin is not, yet. It is however spreading and the longer it goes without being cracked, the stronger it becomes (both network / protocol and as money).

Without getting into the economic debates of gold v bitcoin, we may just be able to have an 'Igorr' type indicator: each year or month, how much closer is bitcoin to mainstream acceptance?






smoothie
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LEALANA Monero Physical Silver Coins


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June 03, 2014, 11:57:10 PM
 #8554

Bitcoin is not money, and not accepted
I have purchased more things with bitcoin than I have with gold.

I don't know a single place that would accept gold as payment.

There are more places that accept Bitcoin then there places that accept gold or silver as payment.

Same here as I've purchased more things with Bitcoin than with either metal.

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zeetubes
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June 04, 2014, 01:47:05 AM
 #8555

Quote from a Coindesk article: "Argentina’s Central Bank Issues Warning to Burgeoning Bitcoin Ecosystem"

http://www.coindesk.com/argentine-central-bank-issues-warning-burgeoning-bitcoin-ecosystem/
 
"The bank, headed by Juan Carlos Fabrega, reiterated that “virtual coins” are not issued by the central bank or any other international monetary authority and, therefore, are not legal tender."

Would that imply that gold and silver aren't legal tender either?
notme
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June 04, 2014, 03:21:55 AM
 #8556

Quote from a Coindesk article: "Argentina’s Central Bank Issues Warning to Burgeoning Bitcoin Ecosystem"

http://www.coindesk.com/argentine-central-bank-issues-warning-burgeoning-bitcoin-ecosystem/
 
"The bank, headed by Juan Carlos Fabrega, reiterated that “virtual coins” are not issued by the central bank or any other international monetary authority and, therefore, are not legal tender."

Would that imply that gold and silver aren't legal tender either?

Yes, but legal tender may not mean what you think it means.  It only matters for abolishing a debt.  See http://en.wikipedia.org/wiki/Legal_tender

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
molecular
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June 04, 2014, 06:13:40 AM
 #8557

Why Bitcoin Is Wonderful (In Two Minutes) - Mike Maloney (gold bull)
https://www.youtube.com/watch?v=XZ4bVgzxp2g

He didn't say that exactly. He said the free market developing alternatives to state-run money is wonderful, not Bitcoin itself.

Still: look how far we've come. Metal blockheads like Maloney speaks positively about Bitcoin. Completely unthinkable just a year ago. I remember how excited I was when James Turk came around and I'm glad Bitcoin is now well-talked about in the precious metal / sound money community.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
cypherdoc
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June 05, 2014, 02:02:00 PM
 #8558

Here we go:

http://mobile.bloomberg.com/news/2014-06-05/draghi-takes-ecb-deposit-rate-negative-in-historic-move.html

I covered my gold and silver shorts yesterday but will be looking to put them back on after this dead cat bounce.

From the article you can see they hate strengthening currencies. They will also start QE soon.
cypherdoc
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June 05, 2014, 03:24:31 PM
 #8559

don't forget bail-ins.

and then pension raids.

those will be coming too.  all in the name of propping up debt based speculative investments.
damnek
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June 05, 2014, 04:21:09 PM
 #8560

don't forget bail-ins.

and then pension raids.

those will be coming too.  all in the name of propping up debt based speculative investments.

Just the thought of this makes me so bullish on bitcoin that I can't see straight. The eBay/paypal news is nothing compared to what the Europeans are about to pull  Grin

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