Gold collapsing. Bitcoin UP.

[justusranvier]

As far as I can tell there are already a couple markets that have filled the void left behind by the Silk Road.

I don't mean a copy of the original Silk Road.

I mean a marketplace that improves on existing marketplaces to the same extent to which Silk Road was an improvement over buying drugs on the street.

It could be anything, but it should be something that will get people using Bitcoin because otherwise something they want to do would be impossible.

[1714160872]

1714160872

[1714160872]

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[Hfleer]

As far as I can tell there are already a couple markets that have filled the void left behind by the Silk Road.

I don't mean a copy of the original Silk Road.

I mean a marketplace that improves on existing marketplaces to the same extent to which Silk Road was an improvement over buying drugs on the street.

It could be anything, but it should be something that will get people using Bitcoin because otherwise something they want to do would be impossible.

Decentralised market placed like Dark Makret, bazar or NXT marketplace will be a big part of helping the adoption. Imagine one of those services getting as big as ebay or craigslist. The coverage would be enourmous.

[blumangroup]

As far as I can tell there are already a couple markets that have filled the void left behind by the Silk Road.

I don't mean a copy of the original Silk Road.

I mean a marketplace that improves on existing marketplaces to the same extent to which Silk Road was an improvement over buying drugs on the street.

It could be anything, but it should be something that will get people using Bitcoin because otherwise something they want to do would be impossible.

Oh, sorry, I misunderstood what you were trying to say. That makes sense.

[STT]

The only killer app for Bitcoin is to enable commerce that would otherwise impossible, and that means the black market.

That doesnt mean the black market, that means any market to some extent.   We have plenty of countries where commerce is controlled or restricted in some way.  1.3 billion people in China live under a currency not freely exchangable.  Their government maintains its power partly by buying dollars and inflates their own currency base in order to maintain a price fix and control of export markets.

Ideally Bitcoin should be increasingly easy and yet secure to exchange via any medium over a short term period or long term and for any amount.  It might just be this runs in line with mobile technology becoming more commonplace.  I have always thought that the smallest things can have the greatest effect and yet this accumulative process is overlooked and people look to grand events to unlock value.  We just need a positive and beneficial economy to those that use bitcoin and they will come

[marcus_of_augustus]

Cheap international transfers, routing around capital controls and avoiding dragnet monitoring of cross-border financial transactions, i.e anything cross-border is the killer app for bitcoin right now. imho.

Front-end tools for cross-border end-user btc wealth management are less than stellar, i.e. non-existent.

[justusranvier]

That doesn't mean the black market, that means any market to some extent.

It does though.

Developed economies are so bound up in cronyism that any innovation can only take place outside the regulations and laws, a.k.a the black market.

Exhibit A: Lyft
Exhibit B: Uber

We have plenty of countries where commerce is controlled or restricted in some way.

And working around those controls and restrictions is, by definition, the informal economy a.k.a black market.

[traderCJ]

It's 2014, who's still investing in gold? 

Central banks are 

He said investing, not speculating

What's the difference?  There is none.

[Wekkel]

It's 2014, who's still investing in gold? 

Central banks are 

He said investing, not speculating

What's the difference?  There is none.

'Investing' nowadays is speculating on the behavior of central banks. Interest is being killed, and thus the very basis of capitalism.

[traderCJ]

'Investing' nowadays is speculating on the behavior of central banks.

This is about the most profound statement I've read in this thread (not that that's saying much!) 

[wachtwoord]

It's 2014, who's still investing in gold? 

Central banks are 

He said investing, not speculating

What's the difference?  There is none.

'Investing' nowadays is speculating on the behavior of central banks. Interest is being killed, and thus the very basis of capitalism.

Investing is buying something below it's real economic value. Speculating is buying something because you believe people will buy it for a higher price, irrespective of value.

[Dusty]

Investing is buying something below it's real economic value. Speculating is buying something because you believe people will buy it for a higher price, irrespective of value.

Value is subjective.

[Grafzep]

Cheap international transfers, routing around capital controls and avoiding dragnet monitoring of cross-border financial transactions, i.e anything cross-border is the killer app for bitcoin right now. imho.

Front-end tools for cross-border end-user btc wealth management are less than stellar, i.e. non-existent.

In my view the "killer app" is managing wealth past death duties. Cross border is important, but I see it as 2D space: adding generational time opens up 3D power.

When the moderately wealthy (say property devs or mainstream entreprenuer types around $5-20m) realise that the 'coin can give them the kind of planning previously limited to serious money, they'll be piling in. And in aggregate that's a lot more new money than the odd marquee name like Branson.

[hd060053]

what happened to gold in the last hours ?

[Pruden]

It's got a date with silver. They grew quite distant lately (it's always silver who has the initiative) but gold is making up.

[wachtwoord]

Investing is buying something below it's real economic value. Speculating is buying something because you believe people will buy it for a higher price, irrespective of value.

Value is subjective.

When explicitly specifying your assumptions it's as objective as can be.

[cypherdoc]

what happened to gold in the last hours ?

When traderCJ speaks, ____.

[zeetubes]

what happened to gold in the last hours ?

The Fed...

Same as it ever was.

[cypherdoc]

Lol, NXT has a plan! It's called the rollback machine!  :

http://www.reddit.com/r/Bitcoin/comments/2dmccc/chinese_trading_platform_btercom_announcesomeone/

[cypherdoc]

Stocks reversing...

[cypherdoc]

nasty outside reversal on the Russell: