Gold collapsing. Bitcoin UP.

[FNG]

I'm not here to argue with you..we both believe bitcoin will continue it's epic rise but central banks do not = civilization. If the $ loses support how is the massive gap on their balance sheets going to be filled? Does it make sense for the to all go bankrupt or bid for gold and force their asset column above their liabilities?

I simply don't see Cb's going bust prior to cleansing their balance sheets via a revaluation of gold.

I could be wrong, but I don't think I'm wrong about where the $ is heading..if right, it's in the CB's best interest to increase the worth of their assets column

Do we know for sure that all the central banks actually have gold?

Nothing is certain. I think the ones that matter do...those out East and Germany.

[molecular]

Germany has decided its gold is safe in American hands.

fucking german pussies!

(I'm german, so I'm allowed, right?)

[Melbustus]

Announcement: The SecondMarket / Bitcoin Investment Trust bidding syndicate for the US Marshals bitcoin auction was outbid on all blocks

https://twitter.com/barrysilbert/status/483692873855299584

[cypherdoc]

Announcement: The SecondMarket / Bitcoin Investment Trust bidding syndicate for the US Marshals bitcoin auction was outbid on all blocks

https://twitter.com/barrysilbert/status/483692873855299584

that's great news. seriously.

it's called diversification. and i bet they bid high. 

[Melbustus]

Announcement: The SecondMarket / Bitcoin Investment Trust bidding syndicate for the US Marshals bitcoin auction was outbid on all blocks

https://twitter.com/barrysilbert/status/483692873855299584

that's great news. seriously.

it's called diversification. and i bet they bid high. 

No kidding. Boom.

[Melbustus]

Now I'm getting worried that these coins went *significantly* over market: https://twitter.com/BitcoinBreak/status/483698871802277889

While short-term bullish as all hell, don't we have a fungibility problem if these coins were indeed different....?

[cypherdoc]

Now I'm getting worried that these coins went *significantly* over market: https://twitter.com/BitcoinBreak/status/483698871802277889

While short-term bullish as all hell, don't we have a fungibility problem if these coins were indeed different....?

that was the point of my earlier post about Allaire.

although the winners will try to make that argument, the market is already arbitraging that away and in the long term will be able to see through the bullshit that somehow they are different.

we all know bitcoins can't be washed.

[smoothie]

Now I'm getting worried that these coins went *significantly* over market: https://twitter.com/BitcoinBreak/status/483698871802277889

While short-term bullish as all hell, don't we have a fungibility problem if these coins were indeed different....?

that was the point of my earlier post about Allaire.

although the winners will try to make that argument, the market is already arbitraging that away and in the long term will be able to see through the bullshit that somehow they are different.

we all know bitcoins can't be washed.

It would not surprise me if the coins sold from this auction have some sort of "numismatic" value added to it.

[cypherdoc]

way to funny! from reddit

[Adrian-x]

Holy mother of gaud:

https://blockchain.info/charts/hash-rate

Holy ...
The latest difficulty increase supersedes the total difficulty increase from January 2009 to March 2014 combined.

Network infrastructure is ready for the next boom. 

[STT]

Thats exponential then, the thing would be is that beneficial or sustainable even

I thought this was quite healthy, showing unique bitcoin addresses used in a day and highest is March
https://blockchain.info/charts/n-unique-addresses?showDataPoints=false&timespan=2year&show_header=true&daysAverageString=7&scale=0&address=

[Peter R]

Thats exponential then, the thing would be is that beneficial or sustainable even

I thought this was quite healthy, showing unique bitcoin addresses used in a day and highest is March
https://blockchain.info/charts/n-unique-addresses?showDataPoints=false&timespan=2year&show_header=true&daysAverageString=7&scale=0&address=

Yes, and interestingly, the square of the number of unique bitcoin addresses used per day has historically tracked the market cap.  

[justusranvier]

Yes, and interestingly, the square of the number of unique bitcoin addresses used per day has historically tracked the market cap.  

Metcalf's Law FTW.

[Torque]

Thats exponential then, the thing would be is that beneficial or sustainable even

I thought this was quite healthy, showing unique bitcoin addresses used in a day and highest is March
https://blockchain.info/charts/n-unique-addresses?showDataPoints=false&timespan=2year&show_header=true&daysAverageString=7&scale=0&address=

Yes, and interestingly, the square of the number of unique bitcoin addresses used per day has historically tracked the market cap.  

Hey Peter, do you have an updated version of this graph published anywhere?

[Peter R]

Hey Peter, do you have an updated version of this graph published anywhere?

That's it above.  I just re-ran the Mathematica code before I uploaded it.  

I see that the market cap has now diverged from the brown curve (TXs per day excluding popular addresses); however, since the Metcalfe value is a lagging indicator, this is somewhat expected.  

[Torque]

Hey Peter, do you have an updated version of this graph published anywhere?

That's it above.  I just re-ran the Mathematica code before I uploaded it.  

I see that the market cap has now diverged from the brown curve (TXs per day excluding popular addresses); however, since the Metcalfe value is a lagging indicator, this is somewhat expected.  

That's amazing, thanks!

[smoothie]

Holy mother of gaud:

https://blockchain.info/charts/hash-rate

Holy ...
The latest difficulty increase supersedes the total difficulty increase from January 2009 to March 2014 combined.

Network infrastructure is ready for the next boom. 

When one looks at the Bitcoin network in these terms then you get all....


 

[cypherdoc]

Holy mother of gaud:

https://blockchain.info/charts/hash-rate

Holy ...
The latest difficulty increase supersedes the total difficulty increase from January 2009 to March 2014 combined.

Network infrastructure is ready for the next boom. 

When one looks at the Bitcoin network in these terms then you get all....


 

or, as said on Reddit, when Bitcoin lookin' at $1000.

[wachtwoord]

The percentual increases were actually consistently larger in the fall of last year. Yes, we have been spoiled 

[vokain]