smoothie
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June 05, 2014, 11:43:02 PM |
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quite a few banker suicides as well. So instead of 0...more like ~20.
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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majamalu
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June 06, 2014, 01:02:27 AM |
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miscreanity= I've just realized that the guy looks like mish - coincidentally an unrepentant goldbug (and Bitcoin basher).
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vokain
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June 06, 2014, 01:28:11 AM |
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How much gold is that? Does anyone realistically own that much? I was told filling up a 2L bottle with gold dust would make it weigh 40kg. edit: One of the mind-blowing properties of gold is its weight... most people do not really understand it because they haven't had the "luxury" of dealing in any significant quantity. Yet if one took a 2lt soft-drink bottle and filled it up with gold dust, that bottle would weigh approximately 40kg.
Storing 1 ton of gold requires something like a 37cm cube that one can fit in a safe or even a ...backpack. Silver stacking is a real problem in terms of sizes, but gold... well... not really. This weight/space relation allows gold to be hidden in many resourceful ways, if one is so inclined to hide it.
I understand that in terms of portability it'll never beat crypto.
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rpietila
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June 06, 2014, 04:52:38 AM |
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How much gold is that? Does anyone realistically own that much? I was told filling up a 2L bottle with gold dust would make it weigh 40kg.
I could believe that I would hedge 10% of my Bitcoin fortunes to gold in the next 10x upmove. For every BTC10k it'd mean the sale of BTC1k, multiplied by about $5000... For $5M you get 125 kg of gold. Certainly there are people who own a tonne of gold (1/180,000 of the gold stock) but they are fewer in number. It is much easier to buy 1/180,000 of all BTC, since that can be done by investing a manageable $44k...
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HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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smoothie
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LEALANA Bitcoin Grim Reaper
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June 06, 2014, 05:45:59 AM |
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███████████████████████████████████████
,╓p@@███████@╗╖, ,p████████████████████N, d█████████████████████████b d██████████████████████████████æ ,████²█████████████████████████████, ,█████ ╙████████████████████╨ █████y ██████ `████████████████` ██████ ║██████ Ñ███████████` ███████ ███████ ╩██████Ñ ███████ ███████ ▐▄ ²██╩ a▌ ███████ ╢██████ ▐▓█▄ ▄█▓▌ ███████ ██████ ▐▓▓▓▓▌, ▄█▓▓▓▌ ██████─ ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌ ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌ ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─ ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩ ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀ ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀` ²²² ███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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wachtwoord
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June 06, 2014, 11:21:31 AM |
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Priceless data:: An Order-of-Magnitude Estimate of the Relative Sustainability of the Bitcoin Network pic.twitter.com/dGBsXqzXPp
I disagree with the "emission trend: decreasing" for bitcoin. Ok, in the very long run this is true, but if bitcoin will pick up like most of us here think it will, then the BTC price will go up a lot, and so will mining investment/electricity consumption. Every reward halving should cut that in two though. it's quite possible that hashrate is leading a price explosion, however. we are oversecured. it's been relentlessly going up for over years now and imo is a leading indicator. Indeed we are over-secured. And I like it!
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cypherdoc (OP)
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June 06, 2014, 03:56:03 PM |
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Houston, ready for launch:
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Peter R
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June 06, 2014, 06:17:25 PM |
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I've just realized that the guy looks like mish - coincidentally an unrepentant goldbug (and Bitcoin basher).
Lol, all this time I thought that was Mish. I disagree that he's a bitcoin basher. At worst he's agnostic towards it, but his recent writing from 2014 tells me that he is warming up to the idea. In this March 2014 post, he proclaims that bitcoin is here to stay (i.e., that it's not a passing fad): http://globaleconomicanalysis.blogspot.ca/2014/03/high-frequency-bitcoin-trading-coming.html
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tvbcof
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June 06, 2014, 09:03:25 PM |
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I've just realized that the guy looks like mish - coincidentally an unrepentant goldbug (and Bitcoin basher).
Lol, all this time I thought that was Mish. The guy always reminded me of Gavin somehow (in appearance.) I've never had any doubt that bitcoin was HIGHLY manipulated ever since the first markets developed. It's a tiny market which is almost completely unregulated, and the participants are as unscrupulous as any. Not only that, but the 'masses' tend toward being ideologically driven and general 'newbies' with respect to market mechanics. To add fuel to the fire, a 'rising tide floats all boats' so many of the participants developed an unwarranted view of their own trading prowess. In short, they are fat hens for a plucking. I don't trade and don't expect to. I do, however, try to capitalize on trends. It matters not to me whether the various dips and spikes are a result of manipulation. If that's what it takes to create a spike when I want to divest, it's welcome to me. I've always expected high-frequency trading to be, among other things (like front-running) a means of balancing books which would not otherwise balance. Much like a juggler can handle 8 items with two hands by keeping some of them in a transitional phase. In that respect it could cause some 'inflation' in whatever item is being traded. But 'what goes up must come down' as they say, and I always expect to have some powder dry for a 'deflationary' event. So, HFT in Bitcoin? Bring it on!
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sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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cypherdoc (OP)
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June 06, 2014, 09:39:11 PM |
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and you wonder why:
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majamalu
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June 07, 2014, 12:39:53 AM |
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I've just realized that the guy looks like mish - coincidentally an unrepentant goldbug (and Bitcoin basher).
Lol, all this time I thought that was Mish. I disagree that he's a bitcoin basher. At worst he's agnostic towards it, but his recent writing from 2014 tells me that he is warming up to the idea. In this March 2014 post, he proclaims that bitcoin is here to stay (i.e., that it's not a passing fad): http://globaleconomicanalysis.blogspot.ca/2014/03/high-frequency-bitcoin-trading-coming.htmlYou are right, he has tempered his initial position. But isn't it a little bitchy to say that Wall Street is what will ensure Bitcoin survival? I smell resentment.
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Peter R
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June 07, 2014, 01:35:15 AM |
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I've just realized that the guy looks like mish - coincidentally an unrepentant goldbug (and Bitcoin basher).
Lol, all this time I thought that was Mish. I disagree that he's a bitcoin basher. At worst he's agnostic towards it, but his recent writing from 2014 tells me that he is warming up to the idea. In this March 2014 post, he proclaims that bitcoin is here to stay (i.e., that it's not a passing fad): http://globaleconomicanalysis.blogspot.ca/2014/03/high-frequency-bitcoin-trading-coming.htmlYou are right, he has tempered his initial position. But isn't it a little bitchy to say that Wall Street is what will ensure Bitcoin survival? Yes, I think I see what you mean. It's like saying it will succeed but only due to a technicality. I smell resentment.
Maybe I'm biased because I enjoy Mish's writing and I think he's a smart guy, but my take is that he actually likes bitcoin more than he is letting on. I think he already owns some. My theory is that his is walking a fine line because (a) he doesn't want to risk appearing too radical to his readers, and (b) he is downplaying his optimism to hedge against bitcoin's downside risk. If Mish switches from "agnostic but curious" to "cautious advocate" should we see a bull run beyond the previous all-time high, then I'm going to call my theory correct. I think Mish is just one of the many knowledgeable personas who "want" to like bitcoin but can't simply because it might be perceived as too radical. So I think as more "experts" capitulate, it will give further permission to other experts to capitulate too. We are herd animals.
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bitcoinsrus
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June 07, 2014, 01:38:27 AM |
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Mish rhymes with bish
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cypherdoc (OP)
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June 07, 2014, 01:47:55 AM |
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I've just realized that the guy looks like mish - coincidentally an unrepentant goldbug (and Bitcoin basher).
Lol, all this time I thought that was Mish. I disagree that he's a bitcoin basher. At worst he's agnostic towards it, but his recent writing from 2014 tells me that he is warming up to the idea. In this March 2014 post, he proclaims that bitcoin is here to stay (i.e., that it's not a passing fad): http://globaleconomicanalysis.blogspot.ca/2014/03/high-frequency-bitcoin-trading-coming.htmlYou are right, he has tempered his initial position. But isn't it a little bitchy to say that Wall Street is what will ensure Bitcoin survival? Yes, I think I see what you mean. It's like saying it will succeed but only due to a technicality. I smell resentment.
Maybe I'm biased because I enjoy Mish's writing and I think he's a smart guy, but my take is that he actually likes bitcoin more than he is letting on. I think he already owns some. My theory is that his is walking a fine line because (a) he doesn't want to risk appearing too radical to his readers, and (b) he is downplaying his optimism to hedge against bitcoin's downside risk. If Mish switches from "agnostic but curious" to "cautious advocate" should we see a bull run beyond the previous all-time high, then I'm going to call my theory correct. I think Mish is just one of the many knowledgeable personas who "want" to like bitcoin but can't simply because it might be perceived as too radical. So I think as more "experts" capitulate, it will give further permission to other experts to capitulate too. We are herd animals. don't forget he gets paid to promote Goldmoney.
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cypherdoc (OP)
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June 07, 2014, 02:09:22 AM |
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vokain
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June 07, 2014, 02:45:58 AM Last edit: June 07, 2014, 03:01:59 AM by vokain |
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How much gold is that? Does anyone realistically own that much? I was told filling up a 2L bottle with gold dust would make it weigh 40kg.
I could believe that I would hedge 10% of my Bitcoin fortunes to gold in the next 10x upmove. For every BTC10k it'd mean the sale of BTC1k, multiplied by about $5000... For $5M you get 125 kg of gold. Certainly there are people who own a tonne of gold (1/180,000 of the gold stock) but they are fewer in number. It is much easier to buy 1/180,000 of all BTC, since that can be done by investing a manageable $44k... What if you could go to Africa to buy some at a low low price of $989.31/oz? It's an instant steal...
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10c
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BuyAnyLight - Blockchain LED Marketplace
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June 07, 2014, 11:16:59 AM |
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Yeah but what if someone swaps out your bitcoins for fake ones
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cypherdoc (OP)
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June 07, 2014, 03:26:46 PM |
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what happened to the piddly wall @655?
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