Gold collapsing. Bitcoin UP.

[cypherdoc]

Oh Lordy, again:

[1714021603]

1714021603

[1714021603]

1714021603

[1714021603]

1714021603

[cypherdoc]

BHP, the largest mine in the world, about to go off the cliff.  note numerous stick saves similar to $DJT:

[cypherdoc]

RUT, lame retest of the highs.  re-rolling:

[cypherdoc]

FCX, largest copper mine in the world.  crapping the bed:

[cypherdoc]

food?  who need food?

actually, this is a good thing.  poor ppl need cheap deflationed food:

[cypherdoc]

Almost! but, no cigar?:

[cypherdoc]

more and more defectors:

https://blog.xapo.com/announcing-xapos-advisory-board/

[_mr_e]

more and more defectors:

https://blog.xapo.com/announcing-xapos-advisory-board/

Do we have a list of all the current big name defectors?

[Peter R]

more and more defectors:

https://blog.xapo.com/announcing-xapos-advisory-board/

Larry Summers once again.  That means he's now an advisor to both Xapo and 21.

[cypherdoc]

Diving:

[cypherdoc]

more and more defectors:

https://blog.xapo.com/announcing-xapos-advisory-board/

Larry Summers once again.  That means he's now an advisor to both Xapo and 21.

whereas TPTB will scream "conspiracy!", i take it for what i think it is, a darn good bullish thing.  this is promoter of Gibson's Paradox, the tie btwn interest rates and the gold price.  he understands Sound Money.  for him to get behind Bitcoin means he understands the Sound Money aspects of Bitcoin.  that can only help.

[justusranvier]

Note that legalizing marijuana is also synonymous with agreeing that plants should be regulated by the State. Otherwise, why is it necessary to legalize use of a plant? You see the-powers-that-be are playing game with you, regulating you at the Federal level unconstitutionally then getting you to pass laws at the State level to admit their unconstitutional Federal laws are the law, thus enslaving yourselves by bringing plants under the prevue (jurisdiction) of law.

Simpleton thinking falls for the ploy that legalizing MJ is any form of increasing freedom. Rockefeller's foundations and NGOs were instrumental in funding everything from 1960s activism, to feminism, to environmentalism.

You can also say German reunification was not a form of increasing freedom because it was still synonymous with agreeing that Germans should be ruled by a State.

It did, however, represent a loss of agreement among the Soviet ruling class which reflected a reduction in their ability to work cohesively for a common goal.

When the various factions that make up a State can not rely on shared ideological alignment in order to work together, this introduces friction into their operations because now they need to divert resources to inter-faction bribes. It makes them less effective as rulers and also increases the burn rate.

[RAJSALLIN]

more and more defectors:

https://blog.xapo.com/announcing-xapos-advisory-board/

Larry Summers once again.  That means he's now an advisor to both Xapo and 21.

"This could mean we soon see many billions of people sending bitcoin everyday as easily as they currently send a text message.”

Summers is even more bullish than anyone here

[Peter R]

more and more defectors:

https://blog.xapo.com/announcing-xapos-advisory-board/

Larry Summers once again.  That means he's now an advisor to both Xapo and 21.

whereas TPTB will scream "conspiracy!", i take it for what i think it is, a darn good bullish thing.  this is promoter of Gibson's Paradox, the tie btwn interest rates and the gold price.  he understands Sound Money.  for him to get behind Bitcoin means he understands the Sound Money aspects of Bitcoin.  that can only help.

Agreed.  There is no conspiracy here.  It's just intelligent people one-by-one coming to realize what's happening, and then making rational decisions for their own self-interest.  I see Summers' involvement as an acknowledgement of bitcoin's potential.  

[cypherdoc]

Huzzah!

[Peter R]

It's almost as though the comments from Hock, Reed and Summers were scripted:

We live in the 21st century but are still using command and control organizational structures from the 16th century. Bitcoin is one of the best examples of how a decentralized, peer-to-peer organization can solve problems that these dated organizations cannot

^ One could interpret this as a subtle critique of Central Banks' "command and control" monetary policy, in favour of a modern decentralized approach.

Bitcoin represents a real opportunity for changing that. Money at its core is simply a ledger for keeping track of debts and Bitcoin is truly the best iteration of a universal ledger we’ve ever seen.

^ This is a straightforward acknowledgement of the "Money is Memory" thesis.  There is no better ledger than The Blockchain.

Until now whenever we’ve needed to transfer money we’ve had to rely on a third party, whether it be a bank, a clearing house or a payment network. Bitcoin offers, for the first time, a method for transferring value and making payments from anywhere to anywhere, in real-time, without any intermediary.

^ Bitcoin is powerful because it is borderless and permissionless.  

[hdbuck]

more and more defectors:

https://blog.xapo.com/announcing-xapos-advisory-board/

Larry Summers once again.  That means he's now an advisor to both Xapo and 21.

whereas TPTB will scream "conspiracy!", i take it for what i think it is, a darn good bullish thing.  this is promoter of Gibson's Paradox, the tie btwn interest rates and the gold price.  he understands Sound Money.  for him to get behind Bitcoin means he understands the Sound Money aspects of Bitcoin.  that can only help.

Agreed.  There is no conspiracy here.  It's just intelligent people one-by-one coming to realize what's happening, and then making rational decisions for their own self-interest.  I see Summers' involvement as an acknowledgement of bitcoin's potential.   

eh, disagree. summers' involvement is tptb driven. nothing more. nothing less.
you are actually calling "intelligent" people that spend the last 20+ years centralizing power (money) and disconnecting the economy from reality.

good job!

[Patel]

Summers is a trojan horse

[lebing]

Summers is a trojan horse

i used to enjoy the tinfoil hat aspect to so many bitcoiners, but these days it is just sad & annoying.

[lunarboy]

Gavins latest.

So hot right now 

https://www.reddit.com/r/Bitcoin/comments/37bvuy/analysis_paralysis_gavin_andresen/