Gold collapsing. Bitcoin UP.

[Bagatell]

Interesting to see who the sponsors of ZeroCash are:

http://zerocash-project.org/about_us

that is interesting

Satoshi, that you?

[1713241569]

1713241569

[cypherdoc]

Interesting to see who the sponsors of ZeroCash are:

http://zerocash-project.org/about_us

that is interesting

Satoshi, that you?

Dorian I am not.

[cypherdoc]

"Barclays: There has been no long-term shift in bearish sentiment"

“Overall, we believe that physical demand has remained short of expectations, the latest price increase having been driven largely by speculation,” wrote Eugen Weinberg, commodity strategist at Commerzbank in Frankfurt, in a note."

http://www.marketwatch.com/story/gold-slips-but-trend-still-points-higher-2014-07-14?mod=wsj_share_tweet

oh my, tradercj, oh my.

[traderCJ]

"Barclays: There has been no long-term shift in bearish sentiment"

“Overall, we believe that physical demand has remained short of expectations, the latest price increase having been driven largely by speculation,” wrote Eugen Weinberg, commodity strategist at Commerzbank in Frankfurt, in a note."

http://www.marketwatch.com/story/gold-slips-but-trend-still-points-higher-2014-07-14?mod=wsj_share_tweet

oh my, tradercj, oh my.

Bitcoin down, Mr. Shill.  Amazing how "people" like you can't seem to fathom a world where both Bitcoin and gold flourish.  No matter, more profits for me.  Thanks.

Oh, and since when does the Bitcoin community give two shits about journalists negging Bitcoin?  Same goes for PMs in my book.  Let them scream bloody murder, I'll be laughing.

[cypherdoc]

Great news!

http://www.techmeme.com/140714/p33#a140714p33

[cypherdoc]

Nice table of storage threat scenarios to which I have contributed:

http://www.reddit.com/r/Bitcoin/comments/2apnpy/gametheory_bitcoin_security_scenarios_scenario_16/ …

[cypherdoc]

Down to 32%. Well under control:

[traderCJ]

Oh I must have missed the Bitcoin controls somewhere.

[cypherdoc]

“The Internet revolution is accelerating this year and I imagine that, sooner or later, Rakuten will start accepting money in the form of bitcoin (an internet virtual currency).
Bitcoin offered a more stable option to some countries even over their own national currencies, he added."

Another potentially interesting angle is that Rakuten has its own bank, offers credit cards, has its own securities brokerage and runs the e-cash network of RFID-chip cards known as Edy.

http://www.coindesk.com/japanese-retail-giant-rakuten-hints-bitcoin-acceptance/

[cypherdoc]

Wow, what a shocker. I had no idea Krugman!

http://www.forbes.com/sites/ralphbenko/2014/07/14/is-paul-krugman-leaving-princeton-in-quiet-disgrace/

[cypherdoc]

Timothy B. Lee is also having a hard time seeing the blockchain being used for smart contracts:

https://twitter.com/binarybits/status/489034866085093376

[marcus_of_augustus]

Timothy B. Lee is also having a hard time seeing the blockchain being used for smart contracts:

https://twitter.com/binarybits/status/489034866085093376

On this one I agree with him .. it will be on the Namecoin blockchain. It has more space and tools set-up to store title hashes already, also it is merged-mined with bitcoin so provides a similar level of hash-power security.

Smart contracts will be better performed by low computational cost transactional servers like openTXS servers, with linkages to hashes anchored in the namecoin blockchain.

None of this is new but people chose to listen to fairy tales instead of putting in the hard yards to understand.

[cypherdoc]

Timothy B. Lee is also having a hard time seeing the blockchain being used for smart contracts:

https://twitter.com/binarybits/status/489034866085093376

On this one I agree with him .. it will be on the Namecoin blockchain. It has more space and tools set-up to store title hashes already, also it is merged-mined with bitcoin so provides a similar level of hash-power security.

Smart contracts will be better performed by low computational cost transactional servers like openTXS servers, with linkages to hashes anchored in the namecoin blockchain.

None of this is new but people chose to listen to fairy tales instead of putting in the hard yards to understand.

come on over, the discussion is continuing...

[cypherdoc]

Timothy B. Lee is also having a hard time seeing the blockchain being used for smart contracts:

https://twitter.com/binarybits/status/489034866085093376

On this one I agree with him .. it will be on the Namecoin blockchain. It has more space and tools set-up to store title hashes already, also it is merged-mined with bitcoin so provides a similar level of hash-power security.

Smart contracts will be better performed by low computational cost transactional servers like openTXS servers, with linkages to hashes anchored in the namecoin blockchain.

None of this is new but people chose to listen to fairy tales instead of putting in the hard yards to understand.

well then, you agree with me first:

"The blockchain may only ever be applicable to Bitcoin as Money"-cypherdoc

[cypherdoc]

Wow, what a shocker. I had no idea Krugman!

http://www.forbes.com/sites/ralphbenko/2014/07/14/is-paul-krugman-leaving-princeton-in-quiet-disgrace/

you guys should take the time to read all the articles on this event.

Could it be the beginning of the end for the Keynesian Theory school of thought? After all, Krugman has been one of its major proponents over the years. Several mentions of the gold proponents arguments were put forward as ground for getting rid of Krugman.

[cypherdoc]

Cameron is tweeting as if it's all but certain:

https://twitter.com/winklevoss/status/489060649838714881

[marcus_of_augustus]

Wow, what a shocker. I had no idea Krugman!

http://www.forbes.com/sites/ralphbenko/2014/07/14/is-paul-krugman-leaving-princeton-in-quiet-disgrace/

you guys should take the time to read all the articles on this event.

Could it be the beginning of the end for the Keynesian Theory school of thought? After all, Krugman has been one of its major proponents over the years. Several mentions of the gold proponents arguments were put forward as ground for getting rid of Krugman.

Yep, the tide is definitely turning on the post-Keynesian madness. I think the killer blow was the now obvious realisation that the massive inflation has done nothing but increase the wealth disparity in society and make the economy perform worse. Both of these effects are symptoms also of communist centrally planned economies, surprise, surprise ... well not for some of us.

The bad actors and incompetent have been incentivised to keep on failing whilst productive, law-abiding savers have been disenfranchised and stolen from ... bailouts and inflation.

Krugman was not just an apologist for this criminal behaviour but a vociferous proponent and political activist in many ways. He should be indicted imho, leaving academia in disgrace is too good for him.

[justusranvier]

On this one I agree with him .. it will be on the Namecoin blockchain. It has more space and tools set-up to store title hashes already, also it is merged-mined with bitcoin so provides a similar level of hash-power security.

It would be nice if Namecoin wasn't quite so economically questionable. The biggest problem I see is that there is no price discovery for storage in the Namecoin blockchain (Bitcoin blockchain also has this problem).

Somebody ought to fix this someday.

[Dragonkiller]

Cameron is tweeting as if it's all but certain:

https://twitter.com/winklevoss/status/489060649838714881

It's a two week old video, the fact he's tweeting it now is a pretty big hint it's just around the corner 

[wachtwoord]

Cameron is tweeting as if it's all but certain:

https://twitter.com/winklevoss/status/489060649838714881

It's a two week old video, the fact he's tweeting it now is a pretty big hint it's just around the corner 

That would be rather .... fast. And a rather nice surprise.