Kupsi
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9.9.2012: I predict that single digits... <- FAIL
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February 22, 2015, 01:49:33 AM |
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My favourite client, Armory, will also support Trezor in the future.
how would that work? Trezor replace the offline signing wallet? I guess so. I don't know the details, but both etotheipi and goatpig have confirmed that they will implement Trezor in Armory.
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cypherdoc (OP)
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Activity: 1764
Merit: 1002
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February 22, 2015, 02:21:36 AM |
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My favourite client, Armory, will also support Trezor in the future.
how would that work? Trezor replace the offline signing wallet? I guess so. I don't know the details, but both etotheipi and goatpig have confirmed that they will implement Trezor in Armory. whatever it takes to get myTrezor.com or any other centralized server out of the loop.
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uki
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Activity: 1358
Merit: 1000
cryptojunk bag holder
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February 22, 2015, 01:34:56 PM |
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meanwhile, gold was pushed again down to the $1200 line. Seems like $1180 is back in the cards. Slip there will pretty much set the gold market for the first half of 2015. Oil was waiting for a dead cat bounce, we got it, so now 30 handle may be in the cards. But not for very long. I don't think the US economy can kill their best profitable sector in the last two years without a fight.
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najzenmajsen
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February 22, 2015, 01:52:45 PM |
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bitcoin has a controlled amount , there could be a million kg of gold undiscovered.
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uki
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Activity: 1358
Merit: 1000
cryptojunk bag holder
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February 22, 2015, 02:45:49 PM |
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bitcoin has a controlled amount , there could be a million kg of gold undiscovered.
Not really. the gold resources that were not mined yet, are already identified and are scarce as well (that is why gold is one of the precious metals). Also the ore quality is decreasing, so it costs more to get the same amount of gold.
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cypherdoc (OP)
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Activity: 1764
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February 22, 2015, 05:11:51 PM |
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increasing decentralization:
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marcus_of_augustus
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Activity: 3920
Merit: 2349
Eadem mutata resurgo
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February 22, 2015, 08:33:28 PM |
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bitcoin has a controlled amount , there could be a million kg of gold undiscovered.
Not really. the gold resources that were not mined yet, are already identified and are scarce as well (that is why gold is one of the precious metals). Also the ore quality is decreasing, so it costs more to get the same amount of gold. Not really. Asteroid mining is now within the realms of becoming viable. The gold resources there will dwarf anything seen on this planet. Once the transport mechanisms have been developed for recovery the gold is imminently more accessible, i.e. it is basically there in a pure form waiting to be "picked up".
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uki
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Activity: 1358
Merit: 1000
cryptojunk bag holder
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February 22, 2015, 08:52:49 PM |
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bitcoin has a controlled amount , there could be a million kg of gold undiscovered.
Not really. the gold resources that were not mined yet, are already identified and are scarce as well (that is why gold is one of the precious metals). Also the ore quality is decreasing, so it costs more to get the same amount of gold. Not really. Asteroid mining is now within the realms of becoming viable. The gold resources there will dwarf anything seen on this planet. Once the transport mechanisms have been developed for recovery the gold is imminently more accessible, i.e. it is basically there in a pure form waiting to be "picked up". Viable? What does this exactly mean, can you elaborate a bit? Asteroid-mining pops up from time to time as a "game-changer" in the press, but the fact is for now there is nothing mature enough to affect the price of gold. We may use this as an argument once this becomes a real possibility, for now it is a bit off-topic, I am afraid.
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molecular
Donator
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Merit: 1019
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February 22, 2015, 09:08:01 PM |
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My favourite client, Armory, will also support Trezor in the future.
This is good news and should satisfy cyphers privacy needs.
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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marcus_of_augustus
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Activity: 3920
Merit: 2349
Eadem mutata resurgo
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February 22, 2015, 09:17:38 PM |
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bitcoin has a controlled amount , there could be a million kg of gold undiscovered.
Not really. the gold resources that were not mined yet, are already identified and are scarce as well (that is why gold is one of the precious metals). Also the ore quality is decreasing, so it costs more to get the same amount of gold. Not really. Asteroid mining is now within the realms of becoming viable. The gold resources there will dwarf anything seen on this planet. Once the transport mechanisms have been developed for recovery the gold is imminently more accessible, i.e. it is basically there in a pure form waiting to be "picked up". Viable? What does this exactly mean, can you elaborate a bit? Asteroid-mining pops up from time to time as a "game-changer" in the press, but the fact is for now there is nothing mature enough to affect the price of gold. We may use this as an argument once this becomes a real possibility, for now it is a bit off-topic, I am afraid. Point being, you said gold was scarce and this is incorrect. More correctly it is technically inaccessible, for now. Viable means economic to retrieve in this context, if that was not obvious. There is now an identifiable technology development path towards retrieving gold from asteroids, do your own research on this if you do not believe me, I don't have time to lay it all out for you. Time and costs to becoming viable will only decrease from here onwards.
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cypherdoc (OP)
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Activity: 1764
Merit: 1002
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February 22, 2015, 09:45:30 PM |
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My favourite client, Armory, will also support Trezor in the future.
This is good news and should satisfy cyphers privacy needs. Yeah, once these 2 get integrated, it'll be a dynamite combination for security.
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cypherdoc (OP)
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Activity: 1764
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February 22, 2015, 09:51:05 PM |
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bitcoin has a controlled amount , there could be a million kg of gold undiscovered.
Not really. the gold resources that were not mined yet, are already identified and are scarce as well (that is why gold is one of the precious metals). Also the ore quality is decreasing, so it costs more to get the same amount of gold. Not really. Asteroid mining is now within the realms of becoming viable. The gold resources there will dwarf anything seen on this planet. Once the transport mechanisms have been developed for recovery the gold is imminently more accessible, i.e. it is basically there in a pure form waiting to be "picked up". Viable? What does this exactly mean, can you elaborate a bit? Asteroid-mining pops up from time to time as a "game-changer" in the press, but the fact is for now there is nothing mature enough to affect the price of gold. We may use this as an argument once this becomes a real possibility, for now it is a bit off-topic, I am afraid. Point being, you said gold was scarce and this is incorrect. More correctly it is technically inaccessible, for now. Viable means economic to retrieve in this context, if that was not obvious. There is now an identifiable technology development path towards retrieving gold from asteroids, do your own research on this if you do not believe me, I don't have time to lay it all out for you. Time and costs to becoming viable will only decrease from here onwards. Ever since the Philae Lander, one cannot doubt any of these claims.
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uki
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Activity: 1358
Merit: 1000
cryptojunk bag holder
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February 22, 2015, 10:11:26 PM |
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bitcoin has a controlled amount , there could be a million kg of gold undiscovered.
Not really. the gold resources that were not mined yet, are already identified and are scarce as well (that is why gold is one of the precious metals). Also the ore quality is decreasing, so it costs more to get the same amount of gold. Not really. Asteroid mining is now within the realms of becoming viable. The gold resources there will dwarf anything seen on this planet. Once the transport mechanisms have been developed for recovery the gold is imminently more accessible, i.e. it is basically there in a pure form waiting to be "picked up". Viable? What does this exactly mean, can you elaborate a bit? Asteroid-mining pops up from time to time as a "game-changer" in the press, but the fact is for now there is nothing mature enough to affect the price of gold. We may use this as an argument once this becomes a real possibility, for now it is a bit off-topic, I am afraid. Point being, you said gold was scarce and this is incorrect. More correctly it is technically inaccessible, for now. Viable means economic to retrieve in this context, if that was not obvious. There is now an identifiable technology development path towards retrieving gold from asteroids, do your own research on this if you do not believe me, I don't have time to lay it all out for you. Time and costs to becoming viable will only decrease from here onwards. All right. Being involved in the gold market much longer than I am in Bitcoin, I would still stick to my claim that gold is still a scarce metal until proven otherwise. Yes, potentially there is gold beyond Earth that one day, in 20, 50 or maybe 150 years can be explored. But for now, it is only a remote possibility with no real influence on the price.
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silverfuture
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Activity: 947
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central banking = outdated protocol
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February 23, 2015, 01:28:43 AM Last edit: February 23, 2015, 02:46:59 AM by silverfuture |
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bitcoin has a controlled amount , there could be a million kg of gold undiscovered.
Not really. the gold resources that were not mined yet, are already identified and are scarce as well (that is why gold is one of the precious metals). Also the ore quality is decreasing, so it costs more to get the same amount of gold. Not really. Asteroid mining is now within the realms of becoming viable. The gold resources there will dwarf anything seen on this planet. Once the transport mechanisms have been developed for recovery the gold is imminently more accessible, i.e. it is basically there in a pure form waiting to be "picked up". Viable? What does this exactly mean, can you elaborate a bit? Asteroid-mining pops up from time to time as a "game-changer" in the press, but the fact is for now there is nothing mature enough to affect the price of gold. We may use this as an argument once this becomes a real possibility, for now it is a bit off-topic, I am afraid. Point being, you said gold was scarce and this is incorrect. More correctly it is technically inaccessible, for now. Viable means economic to retrieve in this context, if that was not obvious. There is now an identifiable technology development path towards retrieving gold from asteroids, do your own research on this if you do not believe me, I don't have time to lay it all out for you. Time and costs to becoming viable will only decrease from here onwards. All right. Being involved in the gold market much longer than I am in Bitcoin, I would still stick to my claim that gold is still a scarce metal until proven otherwise. Yes, potentially there is gold beyond Earth that one day, in 20, 50 or maybe 150 years can be explored. But for now, it is only a remote possibility with no real influence on the price. It is scarce and incredibly difficult to get gold off planet for the foreseeable future. However, gold's majority of use case at the moment is as money. That has been fine but there is now a much better money than gold with some of the attractive qualities of gold that threatens to take over a large portion of that use case demand. I'm sure as time goes on it will retain it's lesser decorative, medicinal, industrial, and superconductor uses and will remain valuable in those regards. The Rhino super villain character from the '70s Spiderman animated TV show used to absolutely go nuts for the stuff!
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worth
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February 23, 2015, 02:23:02 AM |
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bitcoin has a controlled amount , there could be a million kg of gold undiscovered.
Not really. the gold resources that were not mined yet, are already identified and are scarce as well (that is why gold is one of the precious metals). Also the ore quality is decreasing, so it costs more to get the same amount of gold. Not really. Asteroid mining is now within the realms of becoming viable. The gold resources there will dwarf anything seen on this planet. Once the transport mechanisms have been developed for recovery the gold is imminently more accessible, i.e. it is basically there in a pure form waiting to be "picked up". Don't forget there's a ton of it in the oceans in fine particulate form that hasn't been profitable to "mine" but will become more so as we start refining ocean water for drinking on a large scale. Not to mention, gold is considered valuable for other reasons than scarcity such as being highly conductive, malleable, ductile, non-corrosive, etc. These qualities will be equaled and surpassed in time by newer materials. All of the above will contribute to the long-term decline of the value of gold. I talk about most of these things more in-depth in this video I recorded last year and recently uploaded to YouTube: https://www.youtube.com/watch?v=1sceRsmT1yc
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cypherdoc (OP)
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Activity: 1764
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February 23, 2015, 02:59:06 AM |
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the Dow Theory non-confirmation grows larger and larger. the US is not out of the woods, contrary to popular opinion:
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smooth
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Activity: 2968
Merit: 1198
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February 23, 2015, 03:02:50 AM |
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bitcoin has a controlled amount , there could be a million kg of gold undiscovered.
Not really. the gold resources that were not mined yet, are already identified and are scarce as well (that is why gold is one of the precious metals). Also the ore quality is decreasing, so it costs more to get the same amount of gold. Sounds a lot like peak oil. How did that turn out? Bits beat atoms. Every damn time.
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dnaleor
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Activity: 1470
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Want privacy? Use Monero!
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February 23, 2015, 03:26:01 AM |
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My favourite client, Armory, will also support Trezor in the future.
This is good news and should satisfy cyphers privacy needs. finally
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cypherdoc (OP)
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Activity: 1764
Merit: 1002
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February 23, 2015, 03:51:35 AM |
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Citizen Four Wins!
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