Gold collapsing. Bitcoin UP.

[Chalkbot]

Just read the NYT article on Bitcoin & Argentina. Quite a large piece devoted to Wences' story and the timeline of him evangelising to Silicon Valley friends (paypal, linkedin, microsoft heads) during March 2013. Coinciding with the Cyprus event, that conference may have triggered his disciplies  into buying in and been responsible for the explosive upshot from $2-$36-$266

http://www.nytimes.com/2015/05/03/magazine/how-bitcoin-is-disrupting-argentinas-economy.html?_r=0

Interesting quote

“The power of friction-free transactions over the Internet will unleash the typical forces of consolidation and globalization, and we will end up with six digital currencies: US Dollar, euro, Yen, Pound, Renminbi and Bitcoin.” -- Charlie Songhurst, Microsoft’s head of corporate strategy

Anyone want to make an estimate of BTC value assuming it is widely used as a currency everywhere in the world except those five markets?

Really nice work Peter.

[razen489]

Gold just dipped 22% in a few minutes! 

[diodio1]

and now both collapses haha

[Chalkbot]

Gold just dipped 22% in a few minutes! 

2.2% maybe?

[cypherdoc]

oh my, more dumpage.

[cypherdoc]

Dow accelerating to the downside.  Catching down to the Transports now.

-216

[cypherdoc]

tomorrow's gonna be a big day:

[Carlton Banks]

Although I don't own one (yet), I'm becoming a real fan of these guys:

https://medium.com/@Ledger/leveraging-trusted-execution-environments-for-trustless-bitcoin-applications-752c8a767b52

If you own a computer with either AMD or Intel CPU's that include IOMMU instruction sets, then you actually already own hardware that can isolate it's components (although it's not designed for security specifically, it can be employed to do so).

But with comment like this: "Without a specific hardware marker (like a ‘secure mode’ light) on the device we need to find ways of proving to the user that they are using a trusted display."

I wouldn't take these people seriously. C'mon. That's the same quality of "proving to the user that they are using a trusted [ x ]" that Apple or WhatsApp would employ. It's like putting a holographic sticker on the case with the text: "Double, Super Securified^TM. Honest. No, really"

[bassclef]

^^^looks like the market went into distribution mode back in December.

[Carlton Banks]

i like your drift. Bitcoin in the center aka nucleus.

Isn't the nucleus where apoptosis begins from?  

[cypherdoc]

Bitcoin lookin good:





MACD turning back up:



ask wall collapse:

[Zangelbert Bingledack]

Any idea what is accounting for this very steady transaction growth? Shopping? Dark markets? Gambling? Some kind of game?

[Wandererfromthenorth]

Any idea what is accounting for this very steady transaction growth? Shopping? Dark markets? Gambling? Some kind of game?

A good read on the subject here:

http://www.ofnumbers.com/wp-content/uploads/2015/01/Slicing-data.pdf

[iCEBREAKER]

Any idea what is accounting for this very steady transaction growth? Shopping? Dark markets? Gambling? Some kind of game?

Argentinafication?  Chavismo?  Maduronomics?  Obamanation?  That stupid boxing match that can't be over soon enough?  Only Chainalysis knows for sure!   

Mijo is discovering he can use BTC to remit earnings back home to mama, without the pesky fees/delays/paperwork of Western Union.

In the Latin countries with historically shitty grabby unstable governments, the loop is tantalizingly close to being closed.

When the farmers begin to accept BTC, the rest of civilization will fall like dominoes.

"Got food?  Sorry, we don't take fiat.  Gold, Bitcoin, or GTFO."   

[cypherdoc]

Any idea what is accounting for this very steady transaction growth? Shopping? Dark markets? Gambling? Some kind of game?

Argentinafication?  Chavismo?  Maduronomics?  Obamanation?  That stupid boxing match that can't be over soon enough?  Only Chainalysis knows for sure!   

Mijo is discovering he can use BTC to remit earnings back home to mama, without the pesky fees/delays/paperwork of Western Union.

In the Latin countries with historically shitty grabby unstable governments, the loop is tantalizingly close to being closed.

When the farmers begin to accept BTC, the rest of civilization will fall like dominoes.

"Got food?  Sorry, we don't take fiat.  Gold, Bitcoin, or GTFO."   

ROFL, i'm glad you're on my side!

[bucktotal]

i like your drift. Bitcoin in the center aka nucleus.

Isn't the nucleus where apoptosis begins from?  

no. apoptosis process begins in the mitochondria.

edit: nice image Peter!

[cypherdoc]

oh my, Bears.  bend over:

[Chalkbot]

oh my, Bears.  bend over:

I remember doodling on one like this before.... let me dig it up....




Edit:
I don't remember what happened next.

[cypherdoc]

oh my, Bears.  bend over:

I remember doodling on one like this before.... let me dig it up....




Edit:
I don't remember what happened next.

Haha, I think I remember that. Weren't you the master of a bunch of those?

[cypherdoc]

“The market is dead,” Jeffrey Rhodes, who has spent 27 years in Dubai’s gold industry and founded Rhodes Precious Metals Consultancy DMCC, said by telephone on April 21. “There’s no real demand here”...

 http://www.zerohedge.com/news/2015-04-30/saudis-russians-no-longer-buying-gold-dubai-oil-slump-curbs-precious-metals-shopping