Gold collapsing. Bitcoin UP.

[cypherdoc]

Proof is existence could solve all these problems:

https://www.sciencenews.org/blog/scicurious/spiny-media-battle-highlights-importance-scientific-credit

[cypherdoc]

i gotta say, this is pretty darn genius:

https://www.coinsafe.com/#play-video-modal

[chriswilmer]

i gotta say, this is pretty darn genius:

https://www.coinsafe.com/#play-video-modal

+1 for a good idea

+2 for a *very* scalable business model

[adamstgBit]

i gotta say, this is pretty darn genius:

https://www.coinsafe.com/#play-video-modal

+1 for a good idea

+2 for a *very* scalable business model

+3 looks like that cave man is moving up in the world 

[cypherdoc]

$370M to settle Libor probes

http://www.usatoday.com/story/money/business/2014/07/28/lloyds-libor-settlement/13262057/

F*cking criminals. I'll tell you who else lost as a result of this criminality; me. Me on shorts that should have won were or not for the manipulation.

[twiifm]

$370M to settle Libor probes

http://www.usatoday.com/story/money/business/2014/07/28/lloyds-libor-settlement/13262057/

F*cking criminals. I'll tell you who else lost as a result of this criminality; me. Me on shorts that should have won were or not for the manipulation.

How did you money from LIBOR manipulation?  Are you a bank?

[cypherdoc]

$370M to settle Libor probes

http://www.usatoday.com/story/money/business/2014/07/28/lloyds-libor-settlement/13262057/

F*cking criminals. I'll tell you who else lost as a result of this criminality; me. Me on shorts that should have won were or not for the manipulation.

How did you money from LIBOR manipulation?  Are you a bank?

no, indirect losses via stocks and bond shorts.  you have to realize that in a manipulated market like this dependent on Fed liquidity, ALL assets begin to correlate as 1.  everything gets pumped up into bubble territory.  as one who USED to believe in free markets (naively) i, and many others, got lured into the short side expecting bubbles to correct.  however, the Fed and it's manipulative banks, don't tell the world that they are going to step in and provide free cash to the reckless to save all their speculative investments. until you understand this, you're just fresh meat for them to chew up in short squeezes.  now i, and most, have caught on and one day they will be left to crash their own system.

Bitcoin is essentially my new short on the USD system.

[twiifm]

$370M to settle Libor probes

http://www.usatoday.com/story/money/business/2014/07/28/lloyds-libor-settlement/13262057/

F*cking criminals. I'll tell you who else lost as a result of this criminality; me. Me on shorts that should have won were or not for the manipulation.

How did you money from LIBOR manipulation?  Are you a bank?

no, indirect losses via stocks and bond shorts.  you have to realize that in a manipulated market like this dependent on Fed liquidity, ALL assets begin to correlate as 1.  everything gets pumped up into bubble territory.  as one who USED to believe in free markets (naively) i, and many others, got lured into the short side expecting bubbles to correct.  however, the Fed and it's manipulative banks, don't tell the world that they are going to step in and provide free cash to the reckless to save all their speculative investments. until you understand this, you're just fresh meat for them to chew up in short squeezes.  now i, and most, have caught on and one day they will be left to crash their own system.

Bitcoin is essentially my new short on the USD system.

If you knew this why didn't you ride the bubble?   Also LIBOR is only interbank.   It shouldn't affect you

[cypherdoc]

$370M to settle Libor probes

http://www.usatoday.com/story/money/business/2014/07/28/lloyds-libor-settlement/13262057/

F*cking criminals. I'll tell you who else lost as a result of this criminality; me. Me on shorts that should have won were or not for the manipulation.

How did you money from LIBOR manipulation?  Are you a bank?

no, indirect losses via stocks and bond shorts.  you have to realize that in a manipulated market like this dependent on Fed liquidity, ALL assets begin to correlate as 1.  everything gets pumped up into bubble territory.  as one who USED to believe in free markets (naively) i, and many others, got lured into the short side expecting bubbles to correct.  however, the Fed and it's manipulative banks, don't tell the world that they are going to step in and provide free cash to the reckless to save all their speculative investments. until you understand this, you're just fresh meat for them to chew up in short squeezes.  now i, and most, have caught on and one day they will be left to crash their own system.

Bitcoin is essentially my new short on the USD system.

If you knew this why didn't you ride the bubble?   Also LIBOR is only interbank.   It shouldn't affect you

what i failed to do is distinguish btwn pre 2008 and post 2008.  knowledge is gained thru experience; lots of honest traders and in fact the entire world, were flabbergasted by the extent of the moral hazard inflicted on our money supply to bail out the criminals in 2008. there's no way that could've been predicted, let alone know that it would work.

Libor effects everything; it is the cost of money.  mind you, it wasn't the only thing being manipulated. but it was one of the key metrics whose manipulation prevented a total meltdown of the banks.  a great example of the direct fleecing was the interest rate hedges sold to municipalities pre 2008.  several of them went bankrupt as interest rates have continued to go down instead of up as they were advised to bet by their Wall St advisors.  many had to cough up billions to cover interest rate swap losses.  they are still trying to recover.

[zeetubes]

"what i failed to do is distinguish btwn pre 2008 and post 2008.  knowledge is gained thru experience"

I'm not sure who coined the following expression but it seems accurate:

"Good judgment comes from experience. Experience comes from bad judgment."

[cypherdoc]

If you knew this why didn't you ride the bubble?   Also LIBOR is only interbank.   It shouldn't affect you

tell me you could've predicted this in 2008 unless you were intimately tied into the Fed:

[Peter R]

i gotta say, this is pretty darn genius:

https://www.coinsafe.com/#play-video-modal

+1 for a good idea

+2 for a *very* scalable business model

+3 looks like that cave man is moving up in the world 

+4
You know you it's a brilliant idea when it seems so obvious in hindsight.  Well done Coinsafe!

[cypherdoc]

interesting article by Edmund Moy:

http://www.moneynews.com/Ed-Moy/Fort-Knox-gold-bar-audit/2014/06/06/id/575519/

[Zarathustra]

$370M to settle Libor probes

http://www.usatoday.com/story/money/business/2014/07/28/lloyds-libor-settlement/13262057/

F*cking criminals. I'll tell you who else lost as a result of this criminality; me. Me on shorts that should have won were or not for the manipulation.

How did you money from LIBOR manipulation?  Are you a bank?

no, indirect losses via stocks and bond shorts.  you have to realize that in a manipulated market like this dependent on Fed liquidity, ALL assets begin to correlate as 1.  everything gets pumped up into bubble territory.  as one who USED to believe in free markets (naively) i, and many others, ...

Yes, naively. The 'free market' is an oxymoron. The market exists since human beings are not free anymore. Free homines sapientes were self-sufficient and not dependent on a market, on which they were forced to produce surplus, which is used to tribute the mafia (church and state).

"Private property as de iure institution needs a foregoing state to come into existence. The state needs foregoing power and foregoing power needs armed force. The ultimate “foundation of the economy” thus is the weapon, where possession and property are identical because the possession of it guarantees property of it. Armed force start
s additional production (surplus, tribute). The first taxes are contributions of material for the production of attack weapons (copper, tin). Thus non-circulating money begins. Taxes as “census” and money are the same."

http://cdn.preterhuman.net/texts/wars_and_weapons/us_weapon_export_guide/Machttheorie-Martin-Symp.pdf

[cypherdoc]

$370M to settle Libor probes

http://www.usatoday.com/story/money/business/2014/07/28/lloyds-libor-settlement/13262057/

F*cking criminals. I'll tell you who else lost as a result of this criminality; me. Me on shorts that should have won were or not for the manipulation.

How did you money from LIBOR manipulation?  Are you a bank?

no, indirect losses via stocks and bond shorts.  you have to realize that in a manipulated market like this dependent on Fed liquidity, ALL assets begin to correlate as 1.  everything gets pumped up into bubble territory.  as one who USED to believe in free markets (naively) i, and many others, ...

Yes, naively. The 'free market' is an oxymoron. The market exists since human beings are not free anymore. Free homines sapientes were self-sufficient and not dependent on a market, on which they were forced to produce surplus, which is used to tribute the mafia (church and state).
http://cdn.preterhuman.net/texts/wars_and_weapons/us_weapon_export_guide/Machttheorie-Martin-Symp.pdf

Bitcoin is likely the only free mkt left in the world. which is what i like.

[Zarathustra]

$370M to settle Libor probes

http://www.usatoday.com/story/money/business/2014/07/28/lloyds-libor-settlement/13262057/

F*cking criminals. I'll tell you who else lost as a result of this criminality; me. Me on shorts that should have won were or not for the manipulation.

How did you money from LIBOR manipulation?  Are you a bank?

no, indirect losses via stocks and bond shorts.  you have to realize that in a manipulated market like this dependent on Fed liquidity, ALL assets begin to correlate as 1.  everything gets pumped up into bubble territory.  as one who USED to believe in free markets (naively) i, and many others, ...

Yes, naively. The 'free market' is an oxymoron. The market exists since human beings are not free anymore. Free homines sapientes were self-sufficient and not dependent on a market, on which they were forced to produce surplus, which is used to tribute the mafia (church and state).
http://cdn.preterhuman.net/texts/wars_and_weapons/us_weapon_export_guide/Machttheorie-Martin-Symp.pdf

Bitcoin is likely the only free mkt left in the world. which is what i like.

Yes:

https://bitcointalk.org/index.php?topic=470593.0

[cypherdoc]

You can see that we've had it right all along:

http://mobile.bloomberg.com/news/2014-07-24/too-big-to-fail-study-to-show-bank-subsidy-brown-says.html

[cypherdoc]

can it stay over?

[NewLiberty]

You can see that we've had it right all along:

http://mobile.bloomberg.com/news/2014-07-24/too-big-to-fail-study-to-show-bank-subsidy-brown-says.html

How much knowledge and exposure will it take for people to see?  Or will the result be that people will say "oh, that's why we have it so good now, its because they are in control"?

It is possible to phase out central banking without too many practical difficulties.  Its an asset/debt sale, and ceasing open market operations.

The downside is that most of the private banks are now bigger than what central banks once were.  The increased regs seemed designed to insure that the too-big-to-fail ones became bigger, which is what has happened.

[cypherdoc]

further deprecation of ghash, 28%: