Gold collapsing. Bitcoin UP.

[justusranvier]

perhaps you should consider rephrasing "Bitcoin isn't any good to anyone in its current state" to "Bitcoin's ancillary services aren't any good to anyone in its current state"?

meh. Don't want anyone to get complacent.

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[Hunyadi]

What do you think of this http://www.tfmetalsreport.com/blog/6065/swiss-gold-initiative?

"Interest is beginning to build, awareness is growing and the date of the national referendum has been set. Later this year, on November 30, the good people of Switzerland will finally get an opportunity to make their voices heard. The Swiss Gold Initiative can be roughly stated in three parts:

 1   The halting of all Swiss gold sales
 2   The repatriation of all Swiss gold that is held in foreign vaults
 3   Resume backing the Swiss Franc with gold, at a minimum level of 20%"

[cypherdoc]

perhaps you should consider rephrasing "Bitcoin isn't any good to anyone in its current state" to "Bitcoin's ancillary services aren't any good to anyone in its current state"?

meh. Don't want anyone to get complacent.

Respectable goal

[cypherdoc]

What do you think of this http://www.tfmetalsreport.com/blog/6065/swiss-gold-initiative?

"Interest is beginning to build, awareness is growing and the date of the national referendum has been set. Later this year, on November 30, the good people of Switzerland will finally get an opportunity to make their voices heard. The Swiss Gold Initiative can be roughly stated in three parts:

 1   The halting of all Swiss gold sales
 2   The repatriation of all Swiss gold that is held in foreign vaults
 3   Resume backing the Swiss Franc with gold, at a minimum level of 20%"

Not much, obviously

[Odalv]

I am sure you have heard about Monero, which is anonymous, and can already work as a BTC mixer, and in the future as a standalone coin.

Bitcoin vs Monero anonymity

1) Bitcoin
Jim owns 10 BTC,
Bob 5 BTC
and Carol 2 BTC (this is in blockchain)

2) Monero
Jim, Bob and Carol own 17 XMR together,  Jim can spend 2 times more than Bob and 5 times more than Carol. (this is in blockchain .. or Carol can spend Jim's money?)

[zeetubes]

What do you think of this http://www.tfmetalsreport.com/blog/6065/swiss-gold-initiative?

"Interest is beginning to build, awareness is growing and the date of the national referendum has been set. Later this year, on November 30, the good people of Switzerland will finally get an opportunity to make their voices heard. The Swiss Gold Initiative can be roughly stated in three parts:

 1   The halting of all Swiss gold sales
 2   The repatriation of all Swiss gold that is held in foreign vaults
 3   Resume backing the Swiss Franc with gold, at a minimum level of 20%"

Not much, obviously

A couple of things come to mind:

1) the price of gold will be crushed two days before the vote.

2) it must be interesting to live in a country which is somewhat democratic. On the rare occasion that other western countries hold a voter referendum, there are usually two choices, neither of which are attractive options.

Edit: it would also be very cool and great PR if someone offered up a blockchain based voting system for Swiss referenda.

[cypherdoc]

the idea continues to catch on:

Transport and Velocity: Could Bitcoin be a Replacement for Gold?

"People can hold stores of it, as well as spend it – a property that gold cannot compete with.

“It’s important to note that gold isn’t used as currency anywhere today,” said Ash."

http://www.coindesk.com/transport-velocity-bitcoin-replacement-gold/

[cypherdoc]

all these sub 500 dips are being bought; by me.

[RobFordWotWot]

“It’s important to note that gold isn’t used as currency anywhere today,” said Ash."

Wait so these gold dinars aren't really used in Libya now?

[cypherdoc]

this goes to show how sickly our New Home Sales recovery has been:

[cypherdoc]

hmmm, what's that little hook over there on the right?

[User705]

all these sub 500 dips are being bought; by me.

you must feel like atlas. GL with that.

[cypherdoc]

all these sub 500 dips are being bought; by me.

you must feel like atlas. GL with that.

you have no idea

[sidhujag]

hmmm, what's that little hook over there on the right?

The indicator looks like it repaints.

[rpietila]

“It’s important to note that gold isn’t used as currency anywhere today,” said Ash."

Wait so these gold dinars aren't really used in Libya now?

I heard Libya is glowing in the dark these days. Perhaps the idea to start using gold dinars was no so good in retrospect.

"My mother should have seen that coming.", says Ahmed from his left mouth.

[cypherdoc]

A 2nd Coindesk gold article in 2d?:

Stability and Taxes: Could Bitcoin Be a Replacement for Gold?

http://www.coindesk.com/stability-taxes-bitcoin-replacement-gold/

[cypherdoc]

home affordability and price growth continues to decline.

bottom line:  the consumer's biggest purchase item in their lifetimes may no longer be their best investment:

[Melbustus]

...
bottom line:  the consumer's biggest purchase item in their lifetimes may no longer be their best investment:
...

What happens when houses can be 3D-printed? A lot of the cost of new housing is *still* labor, but that could very well suddenly drop to almost 0 in the next 10-20yrs. That would mean a big drop in per-sq-ft housing costs across the board. Great for then-first-time-homebuyers, bad for anyone who purchased before that change. That'll really make it obvious that most housing is consumption, not investment. Exception being desirable land/location. But all the nice houses in people farms in lackluster locations should be considered mostly consumption.

[justusranvier]

What happens when houses can be 3D-printed? A lot of the cost of new housing is *still* labor, but that could very well suddenly drop to almost 0 in the next 10-20yrs. That would mean a big drop in per-sq-ft housing costs across the board. Great for then-first-time-homebuyers, bad for anyone who purchased before that change. That'll really make it obvious that most housing is consumption, not investment. Exception being desirable land/location. But all the nice houses in people farms in lackluster locations should be considered mostly consumption.

Used houses are durable consumer goods, like used cars.

[Melbustus]

What happens when houses can be 3D-printed? A lot of the cost of new housing is *still* labor, but that could very well suddenly drop to almost 0 in the next 10-20yrs. That would mean a big drop in per-sq-ft housing costs across the board. Great for then-first-time-homebuyers, bad for anyone who purchased before that change. That'll really make it obvious that most housing is consumption, not investment. Exception being desirable land/location. But all the nice houses in people farms in lackluster locations should be considered mostly consumption.

Used houses are durable consumer goods, like used cars.

Not entirely because of the land that usually comes with a dwelling, but yeah, people should view housing far more along those lines than they currently do.