Gold collapsing. Bitcoin UP.

[waspoza]

hmmmm.  it's starting:

http://www.reddit.com/tb/17jgl8

Looks like Jeff got a package  http://garzikrants.blogspot.com/2013/01/once-upon-time-in-china-package-shipped.html

that was probably him last nite at Eligius?

I don't think so, he got it today and din't even plug it in.

[cypherdoc]

the silverbox update (comparison from the beginning of this thread):

Bitcoin:  +269%

Gold:  -1%

GPL:  -25% silverbox long

Diff:  +270% advantage Bitcoin and growing.

[cypherdoc]

We just made history.

[oakpacific]

We just made history.

Unfortunately your guess on Feb 1st price would probably be wrong then.

[cypherdoc]

We just made history.

Unfortunately your guess on Feb 1st price would probably be wrong then.

which guess was this?

[vokain]

Bitcoin is not an experiment.   It is a living organism - much like a virus.   It mutates.

The blockchain is like its DNA, with us, the market participants, as its ribosomes that read the DNA and eventually craft the proteins so necessary for its function. Organic proliferation is a beautiful thing; a simple time function

[cypherdoc]

Dare I say it? 

Gold collapsing.  Bitcoin UP.

[cypherdoc]

Bitcoin is not an experiment.   It is a living organism - much like a virus.   It mutates.

The blockchain is like its DNA, with us, the market participants, as its ribosomes that read the DNA and eventually craft the proteins so necessary for its function. Organic proliferation is a beautiful thing; a simple time function

THIS is brilliant! 

[cypherdoc]

the silverbox update (comparison from the beginning of this thread):

Bitcoin:  +296%

Gold:  -2%

GPL:  -25% silverbox long

Diff:  +298% advantage Bitcoin and growing.

[cypherdoc]

Bitcoin is not an experiment.   It is a living organism - much like a virus.   It mutates.

The blockchain is like its DNA, with us, the market participants, as its ribosomes that read the DNA and eventually craft the proteins so necessary for its function. Organic proliferation is a beautiful thing; a simple time function

this fits exactly with what i was thinking.  

an experiment is started with a fixed hypothesis which doesn't change throughout the duration of the experiment.  a defined sequence of analytical steps are carried out to prove or disprove the original hypothesis.  nothing changes.

Bitcoin, however, b/c of the open source nature will grow and adapt to anything threatening its survival.  and we, as the open source community, will be the one's to facilitate any mutations required to evolve a stronger organism.  much like a virus.  

i never thought of the blockchain as being like DNA along with us as the ribosomes.  that's beautiful.

[cypherdoc]

here's a great pair trade for you:  buy Bitcoin:short silver. 

[cypherdoc]

here's a great pair trade for you:  buy Bitcoin:short silver. 

parity is inevitable.  don't fight it.

[vokain]

[vokain]

Ooh, I like this one. Again, thank you cypher for making me realize the importance and prevalence of cyclic behaviors.

[oakpacific]

We just made history.

Unfortunately your guess on Feb 1st price would probably be wrong then.

which guess was this?

https://bitcointalk.org/index.php?topic=138028.msg1472080#msg1472080 This one here.

[cypherdoc]

We just made history.

Unfortunately your guess on Feb 1st price would probably be wrong then.

which guess was this?

https://bitcointalk.org/index.php?topic=138028.msg1472080#msg1472080 This one here.

lol!  oh, THAT guess.  at least i guessed UP, not down, from where it was at the time. 

[oakpacific]

We just made history.

Unfortunately your guess on Feb 1st price would probably be wrong then.

which guess was this?

https://bitcointalk.org/index.php?topic=138028.msg1472080#msg1472080 This one here.

lol!  oh, THAT guess.  at least i guessed UP, not down, from where it was at the time.  

Yeah, and actually you were closer than many. But you made me thinking for a while what are the reasons we would not be above $20 by then!

[Melbustus]

It is a living organism - much like a virus.

More than that, it creates a foundation (along with other distributed networks) for something much greater than a new financial system

I think that almost nobody will realize when it happens, at least not right away. The shift will probably be too subtle, seeming like an incremental advance rather than a monumental change.

Yes, indeed. This potential is often missed. Bitcoin is not only the first monetary system ever proposed that credibly offers perfect information to all participants, it is the first system humanity has implemented which can serve as an authoritative record that's not under any single entity's control. I believe there are some proposals for "smart property" and "distributed markets" based on bitcoin kicking around. I think as you're alluding to miscreanity, numerous core functions of society could start getting offloaded to blockchain-style p2p systems, one by one, until it's central to civilization. The tide would indeed be slow and subtle, but quite powerful.

[cypherdoc]

The Attack of the Ribosomes  

[cypherdoc]

What a great way to take down a wall @ $21.  let it sell into you, then ramp: