Bitcoin Forum
December 07, 2016, 08:50:52 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Poll
Question: Will you support Gavin's new block size limit hard fork of 8MB by January 1, 2016 then doubling every 2 years?
1.  yes
2.  no

Pages: « 1 ... 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 [451] 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 ... 1560 »
  Print  
Author Topic: Gold collapsing. Bitcoin UP.  (Read 1805435 times)
molecular
Donator
Legendary
*
Offline Offline

Activity: 2128



View Profile
June 30, 2014, 04:40:09 PM
 #9001

Boom

edit:  is this one better molecular?

We're making progress. Keep going.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481100652
Hero Member
*
Offline Offline

Posts: 1481100652

View Profile Personal Message (Offline)

Ignore
1481100652
Reply with quote  #2

1481100652
Report to moderator
FNG
Hero Member
*****
Offline Offline

Activity: 588


View Profile
June 30, 2014, 04:42:59 PM
 #9002

May be pertinent to the discussion although they've been talking about it for awhile now

http://www.arabnews.com/news/593931

"GCC tries to persuade UAE, Oman to join currency talks"


Couple this with every other anti-dollar settlement being made, ASEAN trade agreements coming online, Russia flexing muscle in the Shiite regions...and the $USD doesn't have much clout anymore.

I don't think Central Banks are ready to lose and enormous amount of value on their balance sheets so..Dollar collapse, majority of value flows to gold on CB balance sheets, debt is washed...bitcoin begins to fill the role of money transfer / storage outside of gold, ..but isn't the reserve asset of CB's just yet.

You know it makes sense cypher Wink

I wish CB's didn't exist but they do..they want to be a recipient of the wealth trasfer from the USD so they'll bid for gold..simple.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 30, 2014, 04:54:10 PM
 #9003



You know it makes sense cypher Wink



it only makes sense in that  they hold some gold and they'll temporarily use that to cling to the old monetary system. this will cause fluctuations in price and won't be a straight line.

but eventually they'll have to capitulate. the only question is when.
FNG
Hero Member
*****
Offline Offline

Activity: 588


View Profile
June 30, 2014, 05:01:53 PM
 #9004



You know it makes sense cypher Wink



it only makes sense in that  they hold some gold and they'll temporarily use that to cling to the old monetary system. this will cause fluctuations in price and won't be a straight line.

but eventually they'll have to capitulate. the only question is when.
it's going to take time man..can't expect the shift to happen overnight.

I'm in agreeance that bitcoin is superior but central banks won't allow the the lose of $ value to simply vanish. bid for gold with $'s and replace it's value on their balance sheet.

As long as CB's exist..I'll wager when the $ drops (soon"ish")  gold will suck up it's value. bitcoin is a whole other beast at the moment that will extract value from from almost everything.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 30, 2014, 05:36:21 PM
 #9005



You know it makes sense cypher Wink



it only makes sense in that  they hold some gold and they'll temporarily use that to cling to the old monetary system. this will cause fluctuations in price and won't be a straight line.

but eventually they'll have to capitulate. the only question is when.
it's going to take time man..can't expect the shift to happen overnight.

I'm in agreeance that bitcoin is superior but central banks won't allow the the lose of $ value to simply vanish. bid for gold with $'s and replace it's value on their balance sheet.

As long as CB's exist..I'll wager when the $ drops (soon"ish")  gold will suck up it's value. bitcoin is a whole other beast at the moment that will extract value from from almost everything.

The entire success of this thread is that it is already happening much faster than even the most ardent gold bugs  have expected. it's highly unlikely for civilization to take one giant step backwards in financial innovation before moving forward in this day of seamless transfer of information. 
FNG
Hero Member
*****
Offline Offline

Activity: 588


View Profile
June 30, 2014, 05:56:52 PM
 #9006



You know it makes sense cypher Wink



it only makes sense in that  they hold some gold and they'll temporarily use that to cling to the old monetary system. this will cause fluctuations in price and won't be a straight line.

but eventually they'll have to capitulate. the only question is when.
it's going to take time man..can't expect the shift to happen overnight.

I'm in agreeance that bitcoin is superior but central banks won't allow the the lose of $ value to simply vanish. bid for gold with $'s and replace it's value on their balance sheet.

As long as CB's exist..I'll wager when the $ drops (soon"ish")  gold will suck up it's value. bitcoin is a whole other beast at the moment that will extract value from from almost everything.

The entire success of this thread is that it is already happening much faster than even the most ardent gold bugs  have expected. it's highly unlikely for civilization to take one giant step backwards in financial innovation before moving forward in this day of seamless transfer of information. 
I'm not here to argue with you..we both believe bitcoin will continue it's epic rise but central banks do not = civilization. If the $ loses support how is the massive gap on their balance sheets going to be filled? Does it make sense for the to all go bankrupt or bid for gold and force their asset column above their liabilities?

I simply don't see Cb's going bust prior to cleansing their balance sheets via a revaluation of gold.

I could be wrong, but I don't think I'm wrong about where the $ is heading..if right, it's in the CB's best interest to increase the worth of their assets column
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 30, 2014, 05:58:33 PM
 #9007

you Europeans are just not doing your part:


justusranvier
Legendary
*
Offline Offline

Activity: 1400



View Profile WWW
June 30, 2014, 06:10:13 PM
 #9008

I'm not here to argue with you..we both believe bitcoin will continue it's epic rise but central banks do not = civilization. If the $ loses support how is the massive gap on their balance sheets going to be filled? Does it make sense for the to all go bankrupt or bid for gold and force their asset column above their liabilities?

I simply don't see Cb's going bust prior to cleansing their balance sheets via a revaluation of gold.

I could be wrong, but I don't think I'm wrong about where the $ is heading..if right, it's in the CB's best interest to increase the worth of their assets column
Do we know for sure that all the central banks actually have gold?
FNG
Hero Member
*****
Offline Offline

Activity: 588


View Profile
June 30, 2014, 06:16:06 PM
 #9009

I'm not here to argue with you..we both believe bitcoin will continue it's epic rise but central banks do not = civilization. If the $ loses support how is the massive gap on their balance sheets going to be filled? Does it make sense for the to all go bankrupt or bid for gold and force their asset column above their liabilities?

I simply don't see Cb's going bust prior to cleansing their balance sheets via a revaluation of gold.

I could be wrong, but I don't think I'm wrong about where the $ is heading..if right, it's in the CB's best interest to increase the worth of their assets column
Do we know for sure that all the central banks actually have gold?
Nothing is certain. I think the ones that matter do...those out East and Germany.
molecular
Donator
Legendary
*
Offline Offline

Activity: 2128



View Profile
June 30, 2014, 07:01:26 PM
 #9010

Germany has decided its gold is safe in American hands.

fucking german pussies!

(I'm german, so I'm allowed, right?)

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
Melbustus
Legendary
*
Offline Offline

Activity: 1554



View Profile
June 30, 2014, 07:34:16 PM
 #9011

Quote from: 'Barry Silbert'
Announcement: The SecondMarket / Bitcoin Investment Trust bidding syndicate for the US Marshals bitcoin auction was outbid on all blocks

https://twitter.com/barrysilbert/status/483692873855299584

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
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 30, 2014, 07:37:49 PM
 #9012

Quote from: 'Barry Silbert'
Announcement: The SecondMarket / Bitcoin Investment Trust bidding syndicate for the US Marshals bitcoin auction was outbid on all blocks

https://twitter.com/barrysilbert/status/483692873855299584

that's great news. seriously.

it's called diversification. and i bet they bid high. 
Melbustus
Legendary
*
Offline Offline

Activity: 1554



View Profile
June 30, 2014, 07:40:00 PM
 #9013

Quote from: 'Barry Silbert'
Announcement: The SecondMarket / Bitcoin Investment Trust bidding syndicate for the US Marshals bitcoin auction was outbid on all blocks

https://twitter.com/barrysilbert/status/483692873855299584

that's great news. seriously.

it's called diversification. and i bet they bid high. 


No kidding. Boom.

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
Melbustus
Legendary
*
Offline Offline

Activity: 1554



View Profile
June 30, 2014, 07:57:15 PM
 #9014

Now I'm getting worried that these coins went *significantly* over market: https://twitter.com/BitcoinBreak/status/483698871802277889

While short-term bullish as all hell, don't we have a fungibility problem if these coins were indeed different....?

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
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 30, 2014, 08:03:03 PM
 #9015

Now I'm getting worried that these coins went *significantly* over market: https://twitter.com/BitcoinBreak/status/483698871802277889

While short-term bullish as all hell, don't we have a fungibility problem if these coins were indeed different....?

that was the point of my earlier post about Allaire.

although the winners will try to make that argument, the market is already arbitraging that away and in the long term will be able to see through the bullshit that somehow they are different.

we all know bitcoins can't be washed.
smoothie
Legendary
*
Offline Offline

Activity: 1848


LEALANA Monero Physical Silver Coins


View Profile
June 30, 2014, 09:03:37 PM
 #9016

Now I'm getting worried that these coins went *significantly* over market: https://twitter.com/BitcoinBreak/status/483698871802277889

While short-term bullish as all hell, don't we have a fungibility problem if these coins were indeed different....?

that was the point of my earlier post about Allaire.

although the winners will try to make that argument, the market is already arbitraging that away and in the long term will be able to see through the bullshit that somehow they are different.

we all know bitcoins can't be washed.

It would not surprise me if the coins sold from this auction have some sort of "numismatic" value added to it.

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   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.
 
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
June 30, 2014, 09:10:22 PM
 #9017



way to funny! from reddit

Adrian-x
Legendary
*
Offline Offline

Activity: 1330



View Profile
June 30, 2014, 11:03:19 PM
 #9018


Holy ...
The latest difficulty increase supersedes the total difficulty increase from January 2009 to March 2014 combined.

Network infrastructure is ready for the next boom. 

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
STT
Legendary
*
Offline Offline

Activity: 1204



View Profile WWW
June 30, 2014, 11:56:06 PM
 #9019

Thats exponential then, the thing would be is that beneficial or sustainable even

I thought this was quite healthy, showing unique bitcoin addresses used in a day and highest is March
https://blockchain.info/charts/n-unique-addresses?showDataPoints=false&timespan=2year&show_header=true&daysAverageString=7&scale=0&address=

Peter R
Legendary
*
Offline Offline

Activity: 938



View Profile
July 01, 2014, 12:06:13 AM
 #9020

Thats exponential then, the thing would be is that beneficial or sustainable even

I thought this was quite healthy, showing unique bitcoin addresses used in a day and highest is March
https://blockchain.info/charts/n-unique-addresses?showDataPoints=false&timespan=2year&show_header=true&daysAverageString=7&scale=0&address=

Yes, and interestingly, the square of the number of unique bitcoin addresses used per day has historically tracked the market cap.  


Run Bitcoin Unlimited (www.bitcoinunlimited.info)
Pages: « 1 ... 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 [451] 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 ... 1560 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!