Gold collapsing. Bitcoin UP.

[justusranvier]

this too is actually good news:

https://www.schneier.com/blog/archives/2014/08/the_us_intellig.html

That's part of another positive feedback loop:

1. Low morale makes potential whistleblowers more likely to speak out.

2. The management response to whistleblowing is to clamp down on internal dissent and increase employee monitoring. They turn their surveillance increasingly inward to stop the find and stop the whistleblowers.

3. These responses reduce morale in the agency.

4. Goto 1

The NSA is caught in a death spiral from which it might not recover. Eventually I assume that 100% of their resources will be devoted to internal surveillance.

[ssmc2]

I don't think the two are necessarily linked (gold, for s.o.v. without m.o.e. functionality, local currencies in high inflation regions for m.o.e. functionality without that of s.o.v.).

How good is gold as a store of value, really?

Not so good if you bought in summer of 2011 

[cypherdoc]

this too is actually good news:

https://www.schneier.com/blog/archives/2014/08/the_us_intellig.html

That's part of another positive feedback loop:

1. Low morale makes potential whistleblowers more likely to speak out.

2. The management response to whistleblowing is to clamp down on internal dissent and increase employee monitoring. They turn their surveillance increasingly inward to stop the find and stop the whistleblowers.

3. These responses reduce morale in the agency.

4. Goto 1

The NSA is caught in a death spiral from which it might not recover. Eventually I assume that 100% of their resources will be devoted to internal surveillance.

you mean no more budget for 51% attacks?

[cypherdoc]

this doesn't look so good for the most powerful EU nation:

[cypherdoc]

EU, why u no lend?

The red lines show the absolute numbers in millions of euro, the blue lines show the annual rate of change in percent.

[Chalkbot]

The NSA is caught in a death spiral from which it might not recover. Eventually I assume that 100% of their resources will be devoted to internal surveillance.

LOL.   I just imagined a large, secretive government agency, who's purpose is to monitor itself and everyone in it to prevent word of its existence getting out. It was funny because there's a good chance this agency already exists... I know we spend money on less productive ideas.

[cypherdoc]

Spain:



Italy:



National Bank of Greece:

[cypherdoc]

VIX getting ready to jack off again:

[cypherdoc]

https://twitter.com/cypherdoc2/status/497454102608347136

[thezerg]

they forstalled the inevitable for a while but it looks like the macroeconomic situation is starting to favor bitcoin again...

[justusranvier]

The NSA is caught in a death spiral from which it might not recover. Eventually I assume that 100% of their resources will be devoted to internal surveillance.

LOL.   I just imagined a large, secretive government agency, who's purpose is to monitor itself and everyone in it to prevent word of its existence getting out. It was funny because there's a good chance this agency already exists... I know we spend money on less productive ideas.

See also: http://college.usatoday.com/2014/07/22/nsa-targets-college-students-to-fill-cyber-professionals-shortage/

[boraf]

China and Russia central bank are still accumulating gold.

This alone should send a strong signal Bretton Wood system will be rebooted not too far into the future.

[cypherdoc]

https://twitter.com/cypherdoc2/status/497484301886570498

[cypherdoc]

for f*cksake:

http://www.cnbc.com/id/101884104#_gus

[cypherdoc]

The Bitcoin Derivative Boom Can Be A Mark Of The Cryptocurrency's Coming of Age

http://www.forbes.com/sites/ericxlmu/2014/08/07/the-bitcoin-derivative-boom-can-be-a-mark-of-the-coming-of-age-of-the-digital-currency/

[cypherdoc]

much more favorable outlook towards Bitcoin abroad than here in the US:

A recent survey by mobile payment company Jana found that over half of respondents from Asia and Africa expressed confidence in investing in bitcoin. Consumer confidence is especially high in Kenya, home of M-Pesa, and 74 percent of Kenyan respondents said they would feel comfortable investing in digital currency.

http://www.forbes.com/sites/techonomy/2014/08/07/bitcoin-momentum-grows-in-emerging-markets/

[cypherdoc]

movin on up:

[cypherdoc]

oops.  the Dow after hours:

[cypherdoc]

movin up faster.  flight to safety:

[cypherdoc]

well; goes to show you just how much respect Obama has gotten himself:

https://www.youtube.com/watch?v=l7iPnao3zqU#t=54