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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1804655 times)
cypherdoc
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June 26, 2014, 07:39:53 PM
 #8921

how badly can fuck ups in the scripting language (new OP codes) screw up functionality in the main protocol?
http://www.youtube.com/watch?v=NG1qooBzE2w#t=2m26s

damn it!

lol, not only did that guy steal my verb (Zhoutonged-yes it's not a name), he stole my strategy!
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cypherdoc
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June 26, 2014, 10:20:25 PM
 #8922

how badly can fuck ups in the scripting language (new OP codes) screw up functionality in the main protocol?
http://www.youtube.com/watch?v=NG1qooBzE2w#t=2m26s

LOL’ed at the YouTube vid, I don’t think I ever watched it to the end. Cheesy

I was quite shocked to see  Trace Mayer punting side chains https://www.youtube.com/watch?v=Ut65i7Mrvyc,
I can’t wait for  BTCd and i think Andreas Antonopoulos’s prediction that there will be too many vested interests soon to effectively change the Bitcoin protocol, this gives me some sense of surety.
http://youtu.be/2Vrm0EWUpds?t=16m32s
http://youtu.be/4WHWB-02bCs?t=4m40s

For the rest this Bitcoin experiment has become highly politicized, so what comes next?


yeah, i was surprised at Trace too.

well, he was a late comer to the game.  he didn't show up in this thread until 2012 and as a follower of his RuntoGold blog, he admitted he missed it at first back in 2010 or so but picked it up for real i think in 2012 when he showed up here.
Melbustus
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June 26, 2014, 10:35:46 PM
 #8923

how badly can fuck ups in the scripting language (new OP codes) screw up functionality in the main protocol?
http://www.youtube.com/watch?v=NG1qooBzE2w#t=2m26s

LOL’ed at the YouTube vid, I don’t think I ever watched it to the end. Cheesy

I was quite shocked to see  Trace Mayer punting side chains https://www.youtube.com/watch?v=Ut65i7Mrvyc,
I can’t wait for  BTCd and i think Andreas Antonopoulos’s prediction that there will be too many vested interests soon to effectively change the Bitcoin protocol, this gives me some sense of surety.
http://youtu.be/2Vrm0EWUpds?t=16m32s
http://youtu.be/4WHWB-02bCs?t=4m40s

For the rest this Bitcoin experiment has become highly politicized, so what comes next?


yeah, i was surprised at Trace too.

well, he was a late comer to the game.  he didn't show up in this thread until 2012 and as a follower of his RuntoGold blog, he admitted he missed it at first back in 2010 or so but picked it up for real i think in 2012 when he showed up here.


Doesn't he say he first started actively recommending (maybe he's stretching that) bitcoin to people at $0.05 - $0.25? That'd have to be late 2010 or early 2011...

Sidenote: Looks like he got www.runtobitcoin.com redirecting... Wink

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
cypherdoc
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June 26, 2014, 10:51:58 PM
 #8924

how badly can fuck ups in the scripting language (new OP codes) screw up functionality in the main protocol?
http://www.youtube.com/watch?v=NG1qooBzE2w#t=2m26s

LOL’ed at the YouTube vid, I don’t think I ever watched it to the end. Cheesy

I was quite shocked to see  Trace Mayer punting side chains https://www.youtube.com/watch?v=Ut65i7Mrvyc,
I can’t wait for  BTCd and i think Andreas Antonopoulos’s prediction that there will be too many vested interests soon to effectively change the Bitcoin protocol, this gives me some sense of surety.
http://youtu.be/2Vrm0EWUpds?t=16m32s
http://youtu.be/4WHWB-02bCs?t=4m40s

For the rest this Bitcoin experiment has become highly politicized, so what comes next?


yeah, i was surprised at Trace too.

well, he was a late comer to the game.  he didn't show up in this thread until 2012 and as a follower of his RuntoGold blog, he admitted he missed it at first back in 2010 or so but picked it up for real i think in 2012 when he showed up here.


Doesn't he say he first started actively recommending (maybe he's stretching that) bitcoin to people at $0.05 - $0.25? That'd have to be late 2010 or early 2011...

Sidenote: Looks like he got www.runtobitcoin.com redirecting... Wink

see here:

http://www.runtogold.com/2011/06/what-is-bitcoin/

so we know sometime after June 14, 2011.

don't get me wrong.  i like Trace and i consider him a friend.  he knows what he's talking about (except for Sidechains and gold Wink) and he is one of the best to articulate it.  he's one of our best advocates and he gets around.  i followed him when i was a goldbug btwn 2005 and when i dumped in 2011.  i think he should've won the seat for the BF last year.  he also knows how to pound on ppl which i admire.

i'm just settin' the record straight.
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June 27, 2014, 12:31:12 AM
 #8925

...
...or am I just getting trolled here? (not kidding).


Ok, I figured it out. Here are some quotes from Wendell, from the following interview: https://soundcloud.com/epicenterbitcoin/eb22

Quote from: WendellDavis link=https://soundcloud.com/epicenterbitcoin/eb22 date=1403756946

[1:45]
I...got a little bit obsessed with bitcoin starting in 2009...

Well, I mean, the unfortunate part is that I simply followed it as a curiosity, and not not so much as like oh well this is a great investment opportunity.
...
So I missed an opportunity to be one of those guys who like, you know, 300,000+ or what have you. But...I, you know, just didn't have the vision, I suppose, to see that it would really become something real.

[3:25]
I didn't think for a minute that it would actually be successful.


Bingo! Good catch.

http://elbitcoin.org - Bitcoin en español
http://mercadobitcoin.com - MercadoBitcoin
cypherdoc
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June 27, 2014, 01:58:14 AM
 #8926

hey FNG,

you oughta listen to this talk by Wences.  he compares and contrasts Bitcoin with gold extensively.

https://www.youtube.com/watch?v=NERAN-89j8M&feature=youtu.be

it's a great take on how money is simply memory as outlined in this paper by the Fed's Kocherlakota:

http://www.minneapolisfed.org/research/sr/sr218.pdf

Wences makes one small mistake in the talk, however, when he said that he'd rather take a bitcoin that hadn't touched Silk Road.  well, after tomorrow, that is a non-issue.
FNG
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June 27, 2014, 02:22:22 AM
 #8927

hey FNG,

you oughta listen to this talk by Wences.  he compares and contrasts Bitcoin with gold extensively.

https://www.youtube.com/watch?v=NERAN-89j8M&feature=youtu.be

it's a great take on how money is simply memory as outlined in this paper by the Fed's Kocherlakota:

http://www.minneapolisfed.org/research/sr/sr218.pdf

Wences makes one small mistake in the talk, however, when he said that he'd rather take a bitcoin that hadn't touched Silk Road.  well, after tomorrow, that is a non-issue.
Cheers. I'll give it a listen later today.

More noteworthy news  http://www.zerohedge.com/news/2014-06-26/gazprom-ready-drop-dollar-settle-china-contracts-yuan-or-rubles

USD support fading at a fast pace.
cypherdoc
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June 27, 2014, 02:35:55 AM
 #8928

hey FNG,

you oughta listen to this talk by Wences.  he compares and contrasts Bitcoin with gold extensively.

https://www.youtube.com/watch?v=NERAN-89j8M&feature=youtu.be

it's a great take on how money is simply memory as outlined in this paper by the Fed's Kocherlakota:

http://www.minneapolisfed.org/research/sr/sr218.pdf

Wences makes one small mistake in the talk, however, when he said that he'd rather take a bitcoin that hadn't touched Silk Road.  well, after tomorrow, that is a non-issue.
Cheers. I'll give it a listen later today.

More noteworthy news  http://www.zerohedge.com/news/2014-06-26/gazprom-ready-drop-dollar-settle-china-contracts-yuan-or-rubles

USD support fading at a fast pace.

thx for that.  how interesting.

USD index dropping slightly.  note:  the only way to strengthen the USD if this gets going is to, in aggregate, cause a selloff in other assets like stocks, bonds, RE, & commodities thus increasing the demand for USD's. 

not...what...they...want.
cypherdoc
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June 27, 2014, 03:03:48 AM
 #8929

https://twitter.com/cypherdoc2/status/482358162075697152
cypherdoc
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June 27, 2014, 03:36:09 AM
 #8930

sidhujag
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June 27, 2014, 03:36:50 AM
 #8931

hey FNG,

you oughta listen to this talk by Wences.  he compares and contrasts Bitcoin with gold extensively.

https://www.youtube.com/watch?v=NERAN-89j8M&feature=youtu.be

it's a great take on how money is simply memory as outlined in this paper by the Fed's Kocherlakota:

http://www.minneapolisfed.org/research/sr/sr218.pdf

Wences makes one small mistake in the talk, however, when he said that he'd rather take a bitcoin that hadn't touched Silk Road.  well, after tomorrow, that is a non-issue.
Cheers. I'll give it a listen later today.

More noteworthy news  http://www.zerohedge.com/news/2014-06-26/gazprom-ready-drop-dollar-settle-china-contracts-yuan-or-rubles

USD support fading at a fast pace.

thx for that.  how interesting.

USD index dropping slightly.  note:  the only way to strengthen the USD if this gets going is to, in aggregate, cause a selloff in other assets like stocks, bonds, RE, & commodities thus increasing the demand for USD's. 

not...what...they...want.
Not really usd is an outlier.. because it is used everywhere. If us realestate improves then usd will rise with equities which is what I have predicted for a few yrs now. The fall in gold and rise in equities is just a hint at the next bubble. Dow 32k is not that far away while usd may hit 100
cypherdoc
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June 27, 2014, 04:01:20 AM
 #8932

hey FNG,

you oughta listen to this talk by Wences.  he compares and contrasts Bitcoin with gold extensively.

https://www.youtube.com/watch?v=NERAN-89j8M&feature=youtu.be

it's a great take on how money is simply memory as outlined in this paper by the Fed's Kocherlakota:

http://www.minneapolisfed.org/research/sr/sr218.pdf

Wences makes one small mistake in the talk, however, when he said that he'd rather take a bitcoin that hadn't touched Silk Road.  well, after tomorrow, that is a non-issue.
Cheers. I'll give it a listen later today.

More noteworthy news  http://www.zerohedge.com/news/2014-06-26/gazprom-ready-drop-dollar-settle-china-contracts-yuan-or-rubles

USD support fading at a fast pace.

thx for that.  how interesting.

USD index dropping slightly.  note:  the only way to strengthen the USD if this gets going is to, in aggregate, cause a selloff in other assets like stocks, bonds, RE, & commodities thus increasing the demand for USD's. 

not...what...they...want.
Not really usd is an outlier.. because it is used everywhere. If us realestate improves then usd will rise with equities which is what I have predicted for a few yrs now. The fall in gold and rise in equities is just a hint at the next bubble. Dow 32k is not that far away while usd may hit 100

careful with that one. just like the dynamic i described doesn't always take place,  neither does yours. look back at 2008-9 when the USD rose while everything else was crashing. 
cypherdoc
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June 27, 2014, 04:35:59 AM
 #8933

"If you want to make attempts at solving this puzzle, you have to have a storage device that’s storing a data set we care about,” Andrew Miller said.

http://m.diamondbackonline.com/news/article_c4aff7b6-fcd7-11e3-bf1c-001a4bcf6878.html?mode=jqm

nice Andrew. you know, i have this other data set over here...
FNG
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June 27, 2014, 04:45:59 AM
 #8934

hey FNG,

you oughta listen to this talk by Wences.  he compares and contrasts Bitcoin with gold extensively.

https://www.youtube.com/watch?v=NERAN-89j8M&feature=youtu.be

it's a great take on how money is simply memory as outlined in this paper by the Fed's Kocherlakota:

http://www.minneapolisfed.org/research/sr/sr218.pdf

Wences makes one small mistake in the talk, however, when he said that he'd rather take a bitcoin that hadn't touched Silk Road.  well, after tomorrow, that is a non-issue.
Cheers. I'll give it a listen later today.

More noteworthy news  http://www.zerohedge.com/news/2014-06-26/gazprom-ready-drop-dollar-settle-china-contracts-yuan-or-rubles

USD support fading at a fast pace.

thx for that.  how interesting.

USD index dropping slightly.  note:  the only way to strengthen the USD if this gets going is to, in aggregate, cause a selloff in other assets like stocks, bonds, RE, & commodities thus increasing the demand for USD's. 

not...what...they...want.
Not really usd is an outlier.. because it is used everywhere. If us realestate improves then usd will rise with equities which is what I have predicted for a few yrs now. The fall in gold and rise in equities is just a hint at the next bubble. Dow 32k is not that far away while usd may hit 100

careful with that one. just like the dynamic i described doesn't always take place,  neither does yours. look back at 2008-9 when the USD rose while everything else was crashing. 
Agreed. Booms generally take place as value flows from a currency into "assets", the reverse also holds true.




Melbustus
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June 27, 2014, 05:04:55 AM
 #8935

"If you want to make attempts at solving this puzzle, you have to have a storage device that’s storing a data set we care about,” Andrew Miller said.

http://m.diamondbackonline.com/news/article_c4aff7b6-fcd7-11e3-bf1c-001a4bcf6878.html?mode=jqm

nice Andrew. you know, i have this other data set over here...


WTF - that article still used the following figure:
"Forbes reported in December that bitcoin mining, the power- and hardware-heavy process used to add bitcoins to the market, uses $15 million worth of electricity per day."

By "Forbes", they're referring to the following absurd article by longstanding bitcoin-troll, Mr. Timothy Worstall: http://www.forbes.com/sites/timworstall/2013/12/03/fascinating-number-bitcoin-mining-uses-15-millions-worth-of-electricity-every-day/

I personally pounded on Worstall for that article, ripped the math/assumptions to pieces, and he admitted to me that the $15m/day figure was probably wrong. Yet here it appears again/still.


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
sidhujag
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June 27, 2014, 05:15:28 AM
 #8936

hey FNG,

you oughta listen to this talk by Wences.  he compares and contrasts Bitcoin with gold extensively.

https://www.youtube.com/watch?v=NERAN-89j8M&feature=youtu.be

it's a great take on how money is simply memory as outlined in this paper by the Fed's Kocherlakota:

http://www.minneapolisfed.org/research/sr/sr218.pdf

Wences makes one small mistake in the talk, however, when he said that he'd rather take a bitcoin that hadn't touched Silk Road.  well, after tomorrow, that is a non-issue.
Cheers. I'll give it a listen later today.

More noteworthy news  http://www.zerohedge.com/news/2014-06-26/gazprom-ready-drop-dollar-settle-china-contracts-yuan-or-rubles

USD support fading at a fast pace.

thx for that.  how interesting.

USD index dropping slightly.  note:  the only way to strengthen the USD if this gets going is to, in aggregate, cause a selloff in other assets like stocks, bonds, RE, & commodities thus increasing the demand for USD's.  

not...what...they...want.
Not really usd is an outlier.. because it is used everywhere. If us realestate improves then usd will rise with equities which is what I have predicted for a few yrs now. The fall in gold and rise in equities is just a hint at the next bubble. Dow 32k is not that far away while usd may hit 100

careful with that one. just like the dynamic i described doesn't always take place,  neither does yours. look back at 2008-9 when the USD rose while everything else was crashing.  

 I know full well what happened in 2008.. it rose due to risk aversion. Now we are talking about growth and foreign investment while us starts to increase exports putting upwards pressure on the currency while equities rise due to hire corporate profits (from technology advancments etc)... There is a double bullish case for usd but the big bear is still around at any moment fed can pop another qe.. With the current administration however we are not likely to see surprises.

Another thing to note is that the 25 yr cycle is up and technically it should start rising vs bric currencies..

Boj snb both doing full scale interventions so noone will mess with them.. They signed an agreement in 1987 to let their currencies rise in value vs usd and did so happily not knowing the consequence (deflationary spiral). Now the opposite should happen as they start to fall while usd rises (unless us claims bankruptcy)

You only looked at one historical event (risk aversion) and assumed the opposite holds.. to understand what I am saying take a look at what happened last time we had any real sustainable growth (hint dotcom bubble)
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June 27, 2014, 05:22:32 AM
 #8937

hey FNG,

you oughta listen to this talk by Wences.  he compares and contrasts Bitcoin with gold extensively.

https://www.youtube.com/watch?v=NERAN-89j8M&feature=youtu.be

it's a great take on how money is simply memory as outlined in this paper by the Fed's Kocherlakota:

http://www.minneapolisfed.org/research/sr/sr218.pdf

Wences makes one small mistake in the talk, however, when he said that he'd rather take a bitcoin that hadn't touched Silk Road.  well, after tomorrow, that is a non-issue.
Cheers. I'll give it a listen later today.

More noteworthy news  http://www.zerohedge.com/news/2014-06-26/gazprom-ready-drop-dollar-settle-china-contracts-yuan-or-rubles

USD support fading at a fast pace.

thx for that.  how interesting.

USD index dropping slightly.  note:  the only way to strengthen the USD if this gets going is to, in aggregate, cause a selloff in other assets like stocks, bonds, RE, & commodities thus increasing the demand for USD's. 

not...what...they...want.
Not really usd is an outlier.. because it is used everywhere. If us realestate improves then usd will rise with equities which is what I have predicted for a few yrs now. The fall in gold and rise in equities is just a hint at the next bubble. Dow 32k is not that far away while usd may hit 100

careful with that one. just like the dynamic i described doesn't always take place,  neither does yours. look back at 2008-9 when the USD rose while everything else was crashing. 
Agreed. Booms generally take place as value flows from a currency into "assets", the reverse also holds true.






That is convential thinking. Market is always evolving.. especially factoring in global economy.
cypherdoc
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June 27, 2014, 11:54:35 AM
 #8938

look out Spain. bail ins:

NIRP Strikes: Spain To Create Tax On Bank Deposits:

http://www.zerohedge.com/news/2014-06-26/nirp-strikes-spain-create-tax-bank-deposits
Bagatell
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June 27, 2014, 12:18:29 PM
 #8939

look out Spain. bail ins:

NIRP Strikes: Spain To Create Tax On Bank Deposits:

http://www.zerohedge.com/news/2014-06-26/nirp-strikes-spain-create-tax-bank-deposits

This is all old news as far as I can tell. I can't find anything recent on Bloomberg, as they imply.
FNG
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June 27, 2014, 01:14:06 PM
 #8940

http://www.zerohedge.com/news/2014-06-27/america-deluded-us-slams-angry-iraq-pm-will-buy-russian-jets-instead-fight-against-i

U.S influence waning, Wonder whats on Saudi's mind at the moment.

Power shift over the flow of oil / world dominance continues. Another point for Russia.

How long before they step up economic warfare?
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