cypherdoc (OP)
Legendary
 Offline
Activity: 1764
Merit: 1002
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November 27, 2013, 03:19:27 PM |
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Gold, here we come.
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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thezerg
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Activity: 1246
Merit: 1010
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November 27, 2013, 04:11:33 PM |
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the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, nasdaq=3055, Bitcoin=5.4):
Bitcoin is 1030.00 (5792.00 btcChina in USD). Gold is 1269.00. Nasdaq is 3983.00
Bitcoin: 18974.07% (107159.26%)
Gold: -24.91%
Nasdaq: 30.38%
Gold Diff: 25302% advantage Bitcoin
Nasdaq Diff: 14530% advantage Bitcoin
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oakpacific
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November 27, 2013, 04:27:59 PM |
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Since we have quite a few ex-PM bugs here, can you guys please make an estimation of the percentage of gold/silver used as currency to those used for other purposes?
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wachtwoord
Legendary
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Activity: 2324
Merit: 1125
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November 27, 2013, 04:31:37 PM |
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Since we have quite a few ex-PM bugs here, can you guys please make an estimation of the percentage of gold/silver used as currency to those used for other purposes?
Store of value of gold must be >99% I would say. Silver is different. |
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dnaleor
Legendary
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Activity: 1470
Merit: 1000
Want privacy? Use Monero!
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November 27, 2013, 05:09:18 PM |
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Today   too bad for rule §2... You can not guess "today" or "tomorrow" But i must admit, it is very possible! |
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cypherdoc (OP)
Legendary
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Activity: 1764
Merit: 1002
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November 27, 2013, 06:12:43 PM |
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pure and utter misery:  |
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cypherdoc (OP)
Legendary
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Activity: 1764
Merit: 1002
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November 27, 2013, 08:15:49 PM |
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Gold collapsing. Bitcoin UP.
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jojo69
Legendary
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Activity: 3150
Merit: 4303
diamond-handed zealot
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November 27, 2013, 08:18:55 PM |
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brutal
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This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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cypherdoc (OP)
Legendary
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Activity: 1764
Merit: 1002
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November 27, 2013, 08:22:43 PM |
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brutal
me or the reality of the situation? |
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jojo69
Legendary
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Activity: 3150
Merit: 4303
diamond-handed zealot
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November 27, 2013, 08:30:22 PM |
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both, lol, just looking at the silver chart here, if you had asked me a year ago if we would have ever seen 19 again I would have laughed in your face...now I'm holding out for 17
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This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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cypherdoc (OP)
Legendary
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Activity: 1764
Merit: 1002
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November 27, 2013, 08:33:51 PM |
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both, lol, just looking at the silver chart here, if you had asked me a year ago if we would have ever seen 19 again I would have laughed in your face...now I'm holding out for 17
you're welcome. |
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molecular
Donator
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Activity: 2772
Merit: 1019
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November 27, 2013, 08:33:55 PM |
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both, lol, just looking at the silver chart here, if you had asked me a year ago if we would have ever seen 19 again I would have laughed in your face...now I'm holding out for 17
It's tempting to make a connection between bitcoin boom and metal bust, but the market sizes are too different. The $ flowing into XBT is negligible compared to the $ exiting the metals, right? I think it's plain old "manipulation" of gold & silver? |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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lebing
Legendary
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Activity: 1288
Merit: 1000
Enabling the maximal migration
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November 27, 2013, 08:39:25 PM |
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both, lol, just looking at the silver chart here, if you had asked me a year ago if we would have ever seen 19 again I would have laughed in your face...now I'm holding out for 17
It's tempting to make a connection between bitcoin boom and metal bust, but the market sizes are too different. The $ flowing into XBT is negligible compared to the $ exiting the metals, right? I think it's plain old "manipulation" of gold & silver? I dont know - somehow 6 billion moving into an asset over the course of a few months makes it hard for me to call that asset negligible in comparison to anything |
Bro, do you even blockchain?
-E Voorhees
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vokain
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Activity: 1834
Merit: 1019
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November 27, 2013, 08:42:33 PM |
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both, lol, just looking at the silver chart here, if you had asked me a year ago if we would have ever seen 19 again I would have laughed in your face...now I'm holding out for 17
It's tempting to make a connection between bitcoin boom and metal bust, but the market sizes are too different. The $ flowing into XBT is negligible compared to the $ exiting the metals, right? I think it's plain old "manipulation" of gold & silver? maybe not too much now but there will be a time where capital flight to crypto is a lot more substantial |
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tvbcof
Legendary
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Activity: 4578
Merit: 1276
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November 27, 2013, 08:45:44 PM |
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both, lol, just looking at the silver chart here, if you had asked me a year ago if we would have ever seen 19 again I would have laughed in your face...now I'm holding out for 17
It's tempting to make a connection between bitcoin boom and metal bust, but the market sizes are too different. The $ flowing into XBT is negligible compared to the $ exiting the metals, right? I think it's plain old "manipulation" of gold & silver? I used to take this contention (PM's massively dwarf crypto-currencies in terms of value flow) on faith, but lately I'm of the mind that it should be analyzed a little more carefully. Of course I've been to lazy to run the actual numbers...if I can even avoid the garbage-in/gabage-out problem anyway. And even if it is not currently the case that CC's are having a significant effect, it looks more and more like it could be going forward. This would actually be a very welcome development for me since I'm planning a re-balance. That is to say, I might benefit doubly if/when I make an adjustment from CC's to PM's. |
sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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Spaceman_Spiff
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Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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November 27, 2013, 08:52:14 PM |
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both, lol, just looking at the silver chart here, if you had asked me a year ago if we would have ever seen 19 again I would have laughed in your face...now I'm holding out for 17
It's tempting to make a connection between bitcoin boom and metal bust, but the market sizes are too different. The $ flowing into XBT is negligible compared to the $ exiting the metals, right? I think it's plain old "manipulation" of gold & silver? I used to take this contention (PM's massively dwarf crypto-currencies in terms of value flow) on faith, but lately I'm of the mind that it should be analyzed a little more carefully. Of course I've been to lazy to run the actual numbers...if I can even avoid the garbage-in/gabage-out problem anyway. And even if it is not currently the case that CC's are having a significant effect, it looks more and more like it could be going forward. This would actually be a very welcome development for me since I'm planning a re-balance. That is to say, I might benefit doubly if/when I make an adjustment from CC's to PM's. I think it might be more psychological than purely money moving from one asset to the other. Gold's monetary value was (by the sound money people) perceived as "a sure thing". A number of them are now starting to doubt. That may decrease their willingness to put extra fiat into it. |
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User705
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Activity: 896
Merit: 1006
First 100% Liquid Stablecoin Backed by Gold
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November 27, 2013, 09:36:53 PM |
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Not so much doubting gold as a "sure thing" but I think it's the realization that the PM market was and is still heavily manipulated by fiat. Bitcoin has a much faster correction mechanism in place currently. It'll be interesting to see how that evolves in the future.
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jojo69
Legendary
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Activity: 3150
Merit: 4303
diamond-handed zealot
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November 27, 2013, 09:43:50 PM |
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I am of the opinion that the barbarous relics have a very important role to play going forward. Once Bitcoin destroys the fiat ponzi we can have true price discovery for PMs.
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This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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jojo69
Legendary
Offline
Activity: 3150
Merit: 4303
diamond-handed zealot
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November 27, 2013, 09:58:53 PM |
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hey goat, you made it
the wall thread was speculating that you might have suffered a fatal orgasm with this morning's LTC spike
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This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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