Gold collapsing. Bitcoin UP.

[Spaceman_Spiff]

Bitcoin will incite a much bigger reaction because banks are bigger than media, but there's not a lot that can really be done. No wars will work; centralized power just cannot beat decentralized power. It's too late now anyway, the big-time nerds are jumping aboard the ship:

http://www.youtube.com/watch?v=cOubCHLXT6A

nice vid !

[Zangelbert Bingledack]

Bitcoin will incite a much bigger reaction because banks are bigger than media, but there's not a lot that can really be done. No wars will work; centralized power just cannot beat decentralized power. It's too late now anyway, the big-time nerds are jumping aboard the ship:

http://www.youtube.com/watch?v=cOubCHLXT6A

nice vid !

Spread it far and wide! It already has more views that Mark Zuckerberg's talk.

[hlynur]

Bitcoin will incite a much bigger reaction because banks are bigger than media, but there's not a lot that can really be done. No wars will work; centralized power just cannot beat decentralized power. It's too late now anyway, the big-time nerds are jumping aboard the ship:

http://www.youtube.com/watch?v=cOubCHLXT6A

nice vid !

Spread it far and wide! It already has more views that Mark Zuckerberg's talk.

thanks for posting this.
really interesting foresight theory there.
i'll throw it on documentary thread. (https://bitcointalk.org/index.php?topic=268955.0)

[BitcoinAshley]

Agreed, Bingledert Zangleback and Molecular. There are myriad methods of oppression - probably the most important being inflationary monetary policy, but so many others. The government does indeed generate poor people, and yes, any government intervention in the economy will always end up hurting the market [in the long run]. As Von Mises would say - economic history is a long series of government policies that failed because they went against the fundamental laws of economics.
Welfare, for example, hurts poor people in the long run - because of many factors but mainly (1) its unnatural effect on prices, and (2) the issue of dependency - but most of the plebs are only interested in a short-term solution.

Vokain raised a good point - with no state, or even with a smaller state, the price of stupidity is greatly increased. It stands to reason that when the price of stupidity is increased, fewer people will be able to purchase it.  This gives me hope. The "barrier of entry" to the "stupidity industry" is inversely proportional to the power of state hierarchy. 

I like the bit about "hollowing out" these archaic systems without much fanfare.

[Spaceman_Spiff]

I don't think it represents all purchasing power.  The value of all the money does not equal the value of all valuables (stocks, housing, commodities etc.).  Rather, I think you should see money as an asset class of its own, whereby all moneys represent only a certain percentage of the world purchasing power.

It's the purchasing power within the Bitcoin panarchy. That is, it's the purchasing power within the community of people who agree to use Bitcoin for trade. (Technically, only insofar as they use bitcoins exclusively, which may be your point.)

I feel we might be talking past each other here.  I interpreted part of your earlier post as "the sum of all monies represents the sum of all of the purchasing power".  And "purchasing power" to me is a term that is a synonym for the value of an asset, and can be used for all assets, not just money (so you car has purchasing power too, because you can trade it for something else).  So I disagreed that the sum of all monies corresponds to the value of all assets on the world, but perhaps this is not what you were saying.

[Zangelbert Bingledack]

Bitcoin will incite a much bigger reaction because banks are bigger than media, but there's not a lot that can really be done. No wars will work; centralized power just cannot beat decentralized power. It's too late now anyway, the big-time nerds are jumping aboard the ship:

http://www.youtube.com/watch?v=cOubCHLXT6A

nice vid !

Spread it far and wide! It already has more views that Mark Zuckerberg's talk.

thanks for posting this.
really interesting foresight theory there.
i'll throw it on documentary thread. (https://bitcointalk.org/index.php?topic=268955.0)

Whoah, cool thread - hadn't seen that before.

[Zangelbert Bingledack]

I feel we might be talking past each other here.  I interpreted part of your earlier post as "the sum of all monies represents the sum of all of the purchasing power".  And "purchasing power" to me is a term that is a synonym for the value of an asset, and can be used for all assets, not just money (so you car has purchasing power too, because you can trade it for something else).  So I disagreed that the sum of all monies corresponds to the value of all assets on the world, but perhaps this is not what you were saying.

What's happening here is I'm not really sure what I was saying there. Need to think about it a little more.

[oakpacific]

The limited supply and wild price fluctuation maybe Bitcoin's greatest advantage over anything else.

As for the issue of helping the poor: anything that is/was designed to help just a specifically defined group of human beings almost inevitably ends up disastrously, Bitcoin is awesome because it's designed to give everyone who really wants a chance a chance. I don't like to say there is an issue of government not helping the poor, I would like to say it's an issue of the established shying away from creating a world where everyone is given equal opportunities.

[Spaceman_Spiff]

I feel we might be talking past each other here.  I interpreted part of your earlier post as "the sum of all monies represents the sum of all of the purchasing power".  And "purchasing power" to me is a term that is a synonym for the value of an asset, and can be used for all assets, not just money (so you car has purchasing power too, because you can trade it for something else).  So I disagreed that the sum of all monies corresponds to the value of all assets on the world, but perhaps this is not what you were saying.

What's happening here is I'm not really sure what I was saying there. Need to think about it a little more.

I appreciate people who are honest about that.  Sometimes our thoughts need some time to crystallize. I have to admit I had to rethink my posts a few times too.

[cypherdoc]

[cypherdoc]

why are all these ppl bashing gold?

http://www.youtube.com/watch?v=_4QFErOdTag

Ringos?  hadn't heard of that one, lol!

[cypherdoc]

what's that sucking sound?

oh yeah, mofo.  get the hell outta the way!

[cypherdoc]

clearly James D'Angelo has been reading this thread.

is he "World"?

[cypherdoc]

oh so good.

the second economist had it so right:

using money laundering against Bitcoin is not an argument; it's a double standard.

http://www.youtube.com/watch?v=JB0jTL0iyzM&feature=youtu.be&t=4m35s

[cypherdoc]

Gold collapsing.  Bitcoin UP.

[cypherdoc]

[conspirosphere.tk]

I am waiting for a correction from 2 weeks with monies on the exchange but this b*tch just goes up and upper.
Could someone please dump a load and crash the price for a minute?

[rpietila]

I am waiting for a correction from 2 weeks with monies on the exchange but this b*tch just goes up and upper.
Could someone please dump a load and crash the price for a minute?

Remember - no weekly negatives between $13 and $266.

No weekly negatives after $130

 

Profit.

[justusranvier]

The highest daily weighted price from April was $214.67 on 2013-04-09.

Yesderday's daily weighted price was $219.52 and today's looks like it might break $230 by the end of the day.

We've moved from posting new ATHs on the weekly weighted chart to new ATHs the daily weighted chart. Next stop is new intraday highs.

[World]

clearly James D'Angelo has been reading this thread.

is he "World"?

I have to disappoint you "no"

why are all these ppl bashing gold?

http://www.youtube.com/watch?v=_4QFErOdTag

Ringos?  hadn't heard of that one, lol!

btw: exellent video^