Gold collapsing. Bitcoin UP.

[cypherdoc]

we need to keep Bitcoin focused on the money function.   that is what distinguishes it from altcoins and Bitcoin 2.0 platforms and potentially SC's:

http://coincenter.org/2015/02/cryptocurrency-investments-different-securities-investments/

[Adrian-x]

we need to keep Bitcoin focused on the money function.   that is what distinguishes it from altcoins and Bitcoin 2.0 platforms and potentially SC's:

http://coincenter.org/2015/02/cryptocurrency-investments-different-securities-investments/

Altcoins, Bitcoin 2.0 platforms, App coins are all nice to have, but they are not fuel for the Bitcoin rocket. The technology ripe for disruption is Money itself. 

with Money 2.0 - comes everything that depends on it.

[cypherdoc]

we need to keep Bitcoin focused on the money function.   that is what distinguishes it from altcoins and Bitcoin 2.0 platforms and potentially SC's:

http://coincenter.org/2015/02/cryptocurrency-investments-different-securities-investments/

Altcoins, Bitcoin 2.0 platforms, App coins are all nice to have, but they are not fuel for the Bitcoin rocket. The technology ripe for disruption is Money itself. 

with Money 2.0 - comes everything that depends on it.

there you go.

if we win the Money Game, we win everything.

[cypherdoc]

Willie Sutton:

[cypherdoc]

So for 5 billion people, I think that bitcoin will be more relevant than the internet.

http://uk.businessinsider.com/how-bitcoin-may-have-more-impact-than-the-internet-2015-2?r=US

[cypherdoc]

you can't carry gold on your phone, can you?

[o0‡0o]

we need to keep Bitcoin focused on the money function.   that is what distinguishes it from altcoins and Bitcoin 2.0 platforms and potentially SC's:

http://coincenter.org/2015/02/cryptocurrency-investments-different-securities-investments/

no, bitcoin needs to focus on the gold function,

money is worthless it just passes from one hand to the next. its not a store of value

[bambou]

Bitcoin stands 0 chance at succeeding as money if it does not secure its 'store-of-valueness'.

Edit: this is bitcoin. Not some random piece of paper.

[cypherdoc]

we need to keep Bitcoin focused on the money function.   that is what distinguishes it from altcoins and Bitcoin 2.0 platforms and potentially SC's:

http://coincenter.org/2015/02/cryptocurrency-investments-different-securities-investments/

no, bitcoin needs to focus on the gold function,

money is worthless it just passes from one hand to the next. its not a store of value

since you're new here, i'll forgive you.  everyone knows that when i talk about Money, i mean Sound Money (fixed supply).

[Melbustus]

So for 5 billion people, I think that bitcoin will be more relevant than the internet.

http://uk.businessinsider.com/how-bitcoin-may-have-more-impact-than-the-internet-2015-2?r=US

@wences (and Ted Rogers, also from Xapo) continue to be spot-on regarding the long-view, and the position that bitcoin's greatest impact will be as *money*, not the amorphous "blockchain technology" so over-hyped these days.

[cypherdoc]

Let's see.

I want 5% of which market?

[lunarboy]

The race to the bottom continues.

Sweden cuts it's interest rates to negative 0.1% and starts QE

http://www.nytimes.com/2015/02/13/business/international/sweden-cuts-interest-rate-and-announces-bond-buying-program.html

[iCEBREAKER]

Let's see.

I want 5% of which market?

Bitcoin isn't a transaction processing network.  Bitcoin is money, and nothing else.

[cocksOut]

we need to keep Bitcoin focused on the money function.   that is what distinguishes it from altcoins and Bitcoin 2.0 platforms and potentially SC's:

http://coincenter.org/2015/02/cryptocurrency-investments-different-securities-investments/

no, bitcoin needs to focus on the gold function,
https://i.imgur.com/GdO3zHg.gif
money is worthless it just passes from one hand to the next. its not a store of value
https://i.imgur.com/ehYCZuK.gif

since you're new here, i'll forgive you.  everyone knows that when i talk about Money, i mean Sound Money (fixed supply).

you need inflation to keep up with the growth of the economy. economics 101.

[cypherdoc]

The insanity continues. 

http://www.wsj.com/articles/sweden-cuts-rate-announces-qe-1423731254

[cypherdoc]

we need to keep Bitcoin focused on the money function.   that is what distinguishes it from altcoins and Bitcoin 2.0 platforms and potentially SC's:

http://coincenter.org/2015/02/cryptocurrency-investments-different-securities-investments/

no, bitcoin needs to focus on the gold function,

money is worthless it just passes from one hand to the next. its not a store of value

since you're new here, i'll forgive you.  everyone knows that when i talk about Money, i mean Sound Money (fixed supply).

you need inflation to keep up with the growth of the economy. economics 101.

Correction:

Keynesian Economics101.  For special interests only.

[cypherdoc]

Let's see.

I want 5% of which market?

Bitcoin isn't a transaction processing network.  Bitcoin is money, and nothing else.

You mean it isn't a WoW asset trading platform?

[NotLambchop]

...economics 101.

Not here, bro
This thread is where Bitcoin's crazies intellectual elite come to mate & lay eggs.  Feel free to marvel, but don't feed or disturb.
I'm gonna let you slide this one time 'coz you're new.

[uki]

Gold Collapsing. Bitcoin bottoming.

there were several events in the end of January /beginning of the February that were particularly gold-negative in the short term, namely, option expiration, massaged employment data. These plus the pace of the growth from the beginning of January plus the latest CoT data pointed for a corrective move in gold. Once $1230 was broken to the downside we are at the crossroads regarding the medium-term perspective. On the positive side is the historical trend, with 40+ years of data first four months of the year should be PM (gold) - positive. Let's how it resolves and if Bitcoin bottoming would be somewhere close to the gold bottom.

[NewLiberty]

we need to keep Bitcoin focused on the money function.   that is what distinguishes it from altcoins and Bitcoin 2.0 platforms and potentially SC's:

http://coincenter.org/2015/02/cryptocurrency-investments-different-securities-investments/

no, bitcoin needs to focus on the gold function,

money is worthless it just passes from one hand to the next. its not a store of value

since you're new here, i'll forgive you.  everyone knows that when i talk about Money, i mean Sound Money (fixed supply).

you need inflation to keep up with the growth of the economy. economics 101.

Let us know when you get to grad school.
Econ 501 would be a good place to start.
Or start here:
http://ocw.mit.edu/courses/political-science/17-100j-political-economy-i-fall-2010/