Gold collapsing. Bitcoin UP.

[User705]

This is so real it makes me laugh every time I read it, it's crazy.

Thats a normal dynamic also, inventors of a product especially a new category dont tend to be the ones making the most money.  Its the developers and those who can apply the technology to society and sell it basically, otherwise all this clever stuff is just a diamond in the dirt passed over.
Now does seem the right time for innovation to be of use even these alt coins, as we have extreme radical elements in play for global currency.   Seems one of those periods in history for change, may you live in interesting times like the Chinese say (alledgely) :p

thats allegedly a curse...

[cypherdoc]

https://twitter.com/cypherdoc2/status/498392594012196864

[tabnloz]

Interesting to note the gold bugs are converting.

Jeffrey Tucker puts it down to experiencing bitcoin; he related the story of being ridiculed by P Schiff for 18 months over his bitcoin stance until one day Schiff approached him, marvelling at how quick bitcoin transactions were completed and how it saved his company plenty on fee payments. Schiff had decided to accept bitcoin purely opportunistically to cash it out, but is now converted.

Wonder if this kind of story, multiplied across the market, will see an increased flow from gold to btc?

[cypherdoc]

Interesting to note the gold bugs are converting.

Jeffrey Tucker puts it down to experiencing bitcoin; he related the story of being ridiculed by P Schiff for 18 months over his bitcoin stance until one day Schiff approached him, marvelling at how quick bitcoin transactions were completed and how it saved his company plenty on fee payments. Schiff had decided to accept bitcoin purely opportunistically to cash it out, but is now converted.

Wonder if this kind of story, multiplied across the market, will see an increased flow from gold to btc?

Of course it would but, link please.

[tabnloz]

Interesting to note the gold bugs are converting.

Jeffrey Tucker puts it down to experiencing bitcoin; he related the story of being ridiculed by P Schiff for 18 months over his bitcoin stance until one day Schiff approached him, marvelling at how quick bitcoin transactions were completed and how it saved his company plenty on fee payments. Schiff had decided to accept bitcoin purely opportunistically to cash it out, but is now converted.

Wonder if this kind of story, multiplied across the market, will see an increased flow from gold to btc?

Of course it would but, link please.

OK, im not sure how far in it is but the whole segment is a good listen.

http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-134-disruptive-leaps

[molecular]

Interesting to note the gold bugs are converting.

Jeffrey Tucker puts it down to experiencing bitcoin; he related the story of being ridiculed by P Schiff for 18 months over his bitcoin stance until one day Schiff approached him, marvelling at how quick bitcoin transactions were completed and how it saved his company plenty on fee payments. Schiff had decided to accept bitcoin purely opportunistically to cash it out, but is now converted.

Wonder if this kind of story, multiplied across the market, will see an increased flow from gold to btc?

Of course it would but, link please.

OK, im not sure how far in it is but the whole segment is a good listen.

http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-134-disruptive-leaps

Tucker first mentions Schiff around 10:00, tells that story around 11:40

[cypherdoc]

Interesting to note the gold bugs are converting.

Jeffrey Tucker puts it down to experiencing bitcoin; he related the story of being ridiculed by P Schiff for 18 months over his bitcoin stance until one day Schiff approached him, marvelling at how quick bitcoin transactions were completed and how it saved his company plenty on fee payments. Schiff had decided to accept bitcoin purely opportunistically to cash it out, but is now converted.

Wonder if this kind of story, multiplied across the market, will see an increased flow from gold to btc?

Of course it would but, link please.

OK, im not sure how far in it is but the whole segment is a good listen.

http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-134-disruptive-leaps

now THAT is really good news. 

altho quite predictable.  Jim Rogers too.

[cypherdoc]

Interesting to note the gold bugs are converting.

Jeffrey Tucker puts it down to experiencing bitcoin; he related the story of being ridiculed by P Schiff for 18 months over his bitcoin stance until one day Schiff approached him, marvelling at how quick bitcoin transactions were completed and how it saved his company plenty on fee payments. Schiff had decided to accept bitcoin purely opportunistically to cash it out, but is now converted.

Wonder if this kind of story, multiplied across the market, will see an increased flow from gold to btc?

Of course it would but, link please.

OK, im not sure how far in it is but the whole segment is a good listen.

http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-134-disruptive-leaps

Tucker first mentions Schiff around 10:00, tells that story around 11:40

lol:

Tucker:  What?

Schiff:  See, i told you we could process online tx's immediately and for virtually 0 tx cost!

[molecular]

Interesting to note the gold bugs are converting.

Jeffrey Tucker puts it down to experiencing bitcoin; he related the story of being ridiculed by P Schiff for 18 months over his bitcoin stance until one day Schiff approached him, marvelling at how quick bitcoin transactions were completed and how it saved his company plenty on fee payments. Schiff had decided to accept bitcoin purely opportunistically to cash it out, but is now converted.

Wonder if this kind of story, multiplied across the market, will see an increased flow from gold to btc?

Of course it would but, link please.

OK, im not sure how far in it is but the whole segment is a good listen.

http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-134-disruptive-leaps

now THAT is really good news. 

altho quite predictable.  Jim Rogers too.

link?

I feel a weird satisfaction seeing these guys come around.

[cypherdoc]

Interesting to note the gold bugs are converting.

Jeffrey Tucker puts it down to experiencing bitcoin; he related the story of being ridiculed by P Schiff for 18 months over his bitcoin stance until one day Schiff approached him, marvelling at how quick bitcoin transactions were completed and how it saved his company plenty on fee payments. Schiff had decided to accept bitcoin purely opportunistically to cash it out, but is now converted.

Wonder if this kind of story, multiplied across the market, will see an increased flow from gold to btc?

Of course it would but, link please.

OK, im not sure how far in it is but the whole segment is a good listen.

http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-134-disruptive-leaps

now THAT is really good news. 

altho quite predictable.  Jim Rogers too.

link?

I feel a weird satisfaction seeing these guys come around.

same link.  Tucker mentions Rogers too.

[molecular]

Interesting to note the gold bugs are converting.

Jeffrey Tucker puts it down to experiencing bitcoin; he related the story of being ridiculed by P Schiff for 18 months over his bitcoin stance until one day Schiff approached him, marvelling at how quick bitcoin transactions were completed and how it saved his company plenty on fee payments. Schiff had decided to accept bitcoin purely opportunistically to cash it out, but is now converted.

Wonder if this kind of story, multiplied across the market, will see an increased flow from gold to btc?

Of course it would but, link please.

OK, im not sure how far in it is but the whole segment is a good listen.

http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-134-disruptive-leaps

Tucker first mentions Schiff around 10:00, tells that story around 11:40

lol:

Tucker:  What?

Schiff:  See, i told you we could process online tx's immediately and for virtually 0 tx cost!

remember schiffs explanation (I think in an interview with Stefan Molyneux) why it actually wasn't cheaper at all? "You have to exchange BTC/USD first then the other way around on the other end. Fees involved everywhere.". hehe.

[molecular]

same link.  Tucker mentions Rogers too.

Oh, I paused to have dinner. Then forgot... should listen to the rest

[cypherdoc]

Interesting to note the gold bugs are converting.

Jeffrey Tucker puts it down to experiencing bitcoin; he related the story of being ridiculed by P Schiff for 18 months over his bitcoin stance until one day Schiff approached him, marvelling at how quick bitcoin transactions were completed and how it saved his company plenty on fee payments. Schiff had decided to accept bitcoin purely opportunistically to cash it out, but is now converted.

Wonder if this kind of story, multiplied across the market, will see an increased flow from gold to btc?

Of course it would but, link please.

OK, im not sure how far in it is but the whole segment is a good listen.

http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-134-disruptive-leaps

Tucker first mentions Schiff around 10:00, tells that story around 11:40

lol:

Tucker:  What?

Schiff:  See, i told you we could process online tx's immediately and for virtually 0 tx cost!

remember schiffs explanation (I think in an interview with Stefan Molyneux) why it actually wasn't cheaper at all? "You have to exchange BTC/USD first then the other way around on the other end. Fees involved everywhere.". hehe.

when he first announced accepting BTC for gold, i said he probably was already convinced and was trying to accumulate.  i still stand by that.

[molecular]

when he first announced accepting BTC for gold, i said he probably was already convinced and was trying to accumulate.  i still stand by that.

we should get him drunk and ask him.

[tabnloz]

Interesting to note the gold bugs are converting.

Jeffrey Tucker puts it down to experiencing bitcoin; he related the story of being ridiculed by P Schiff for 18 months over his bitcoin stance until one day Schiff approached him, marvelling at how quick bitcoin transactions were completed and how it saved his company plenty on fee payments. Schiff had decided to accept bitcoin purely opportunistically to cash it out, but is now converted.

Wonder if this kind of story, multiplied across the market, will see an increased flow from gold to btc?

Of course it would but, link please.

OK, im not sure how far in it is but the whole segment is a good listen.

http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-134-disruptive-leaps

now THAT is really good news. 

altho quite predictable.  Jim Rogers too.

+ 1, it adds to the momentum.

And the whole podcast was great, discussing honest skeptics, indoctrinated thinkers vs no experience, paradigm breaking etc etc.

[vuduchyld]

just look at the return on the different timeframes going back to 7d.  then look at the 365d charts:

I've been working on several iterations of indexes for alts.  Right now, the only two I can find BOTH include BTC, which makes up around 93% of the movement of those indexes.  The purer alt indexes I have constructed and have been tracking both portray the broad alt market as pretty unfriendly right now. 

My guess is that since most alt traders are only looking at their own portfolios (because there is currently no good way to see the broader market), they are mistakenly assuming that markets as a whole are performing better than their portfolios.

OR they think they are smart enough to pick the few winners.  In the early 20th Century, there were hundreds of auto makers.  That eventually got whittled down to three.  Even though the capital costs and overheads are lower and the process and speed of innovation is faster, I'd guess the same thing will happen to most alts.  It may not be quite as stark because a more-or-less DOA alt can hang around for a while without the same liquidation concerns, but 99% of them are going to languish at a value close to zero.



 

[hdbuck]

Kadhafi's gold money plan would have devastated dollar?

http://www.thenewamerican.com/economy/markets/item/4630-gadhafis-gold-money-plan-would-have-devastated-dollar

https://www.youtube.com/watch?v=UReu9equ2kw

[ErisDiscordia]

when he first announced accepting BTC for gold, i said he probably was already convinced and was trying to accumulate.  i still stand by that.

we should get him drunk and ask him.

We should just wait a while for the Bitcoin 1K$ party to finally come around and invite all of these guys for a drink 

regarding the podcast: Andreas truly is the Terence McKenna of Bitcoin

[wachtwoord]

Kadhafi's gold money plan would have devastated dollar?

http://www.thenewamerican.com/economy/markets/item/4630-gadhafis-gold-money-plan-would-have-devastated-dollar

https://www.youtube.com/watch?v=UReu9equ2kw

Sounds extremely plausible. It certainly wasn't humanitarian reasons:

[cypherdoc]

This sounds interesting. It's hard to believe this is coming out of the UK. This type of inevitable discord is what will drive Bitcoin forward no matter what idiots like Lawsky tries.

http://www.businessinsider.com/britain-regulate-bitcoin-legitimate-currency-2014-8