SecureExchange
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September 22, 2014, 05:16:43 AM |
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I still think that bitcoin will be the "ultimate" game-changer as how people will value e-currency
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molecular
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September 22, 2014, 06:13:51 AM |
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shorts on bfx at 1 month (or longer) high > 10 kBTC ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FpvFGoRR.png&t=665&c=otV2t-ElPrgQHA) yeah, i like the looks of that. I'll get excited once the ratio of longs / shorts drops below BTCUSD price. Currently it's at 2000 USD/BTC.
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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molecular
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September 22, 2014, 06:14:53 AM |
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oh my. we've entered silver free fall. there's no support until about 13.43:
hmm, should I buy at $15 or at $5? Maybe I'll do both...
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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Zarathustra
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September 22, 2014, 06:24:43 AM |
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Before the agricultural revolution, it took humanity about one million years on average to develop enough infrastructure/capability to support an additional one million humans living at subsistence levels. After the agricultural revolution, that changed to talking only a few hundred years. Now, after the industrial revolution, that takes 90 minutes on average.
There are huge side effects: http://www.worldwildlife.org/threats/soil-erosion-and-degradationThat's important but the kicker is overall economic growth, we're moving from a meme of more to a meme of better. The problem is the centers of control are working from the ideology of Co opting / controlling the supply of more. Monopolies have no value when people find alternatives, micro electronics, alternate energy and food security technologies like aquaponics (oh and money) are reshaping everything. Forget it, Adrian. In economics, the Jevons paradox (/ˈdʒɛvənz/; sometimes Jevons effect) is the proposition that as technology progresses, the increase in efficiency with which a resource is used tends to increase (rather than decrease) the rate of consumption of that resource.[1] In 1865, the English economist William Stanley Jevons observed that technological improvements that increased the efficiency of coal-use led to the increased consumption of coal in a wide range of industries. He argued that, contrary to common intuition, technological improvements could not be relied upon to reduce fuel consumption.[2]
The issue has been re-examined by modern economists studying consumption rebound effects from improved energy efficiency. In addition to reducing the amount needed for a given use, improved efficiency lowers the relative cost of using a resource, which tends to increase the quantity of the resource demanded, potentially counteracting any savings from increased efficiency. Additionally, increased efficiency accelerates economic growth, further increasing the demand for resources. The Jevons paradox occurs when the effect from increased demand predominates, causing resource use to increasehttp://en.wikipedia.org/wiki/Jevons_paradoxI'm aware of Jevons_paradox, but much smarter people than me (Satosi) know it's only supply and demand that brings it into equilibrium. The divergence in usage as a result of innovation also express it's self in an economy as art and culture ultimately this is enriched experiences. We won't find a comfortable equilibrium with constant economic growth as managed under the target of central banks. With or without central banks: "a comfortable equilibrium with constant economic growth" is an oxymoron. An economy is a collectivist organisation (state bastard), and: "Essentially, the economy is an engine that transforms resources into waste." http://www.financialsense.com/contributors/ugo-bardi/2011/07/22/entropy-peak-oil-and-stoic-philosophy-part-2An economy is by extension part of an ecosystem, entropy is a feature, one which drives the evolution of life. Waste as president in you referenced material is a byproduct of an economy artificially stimulated by monetarist policy. The homo oeconomicus is an artificially stimulated homo sapiens. Monetarist policies are a byproduct of that artificial life. Touche, but I'm of the opinion we're seeing evolution in progress of a more powerful meme, it is taking hold in this very thread not only usurping the central bank (the armory of the monetarists) but its former long standing champion gold. But just after writing "waste = food" I realised there is one type of waste which is actually waste and that is spent uranium. The homo oeconomicus does not produce food. It's junk (food). The result of such an 'evolution in progress' at an artificially enforced (state, church, money) - and therefore exponentially increasing speed - is a species captured in an evolutionary cul-de-sac. At the moment we are watching the 'finale furioso'. Within the last 50 years, the bmi changed more than within one million years before. Crypto will terminate the economy and the society (which is organised violence / collectivism). It leads to the rebirth of the community and therefore the rebirth of the homo sapiens.
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Erdogan
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September 22, 2014, 07:18:14 AM |
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Any theory why so many commodities are heading down at the moment? Especially when QE is still going strong.
Manipulation perhaps?
QE's all gone to the wrong places, ie, the deflationary black hole of UST's and Fed Excess Reserves. not to mention the stock mkt. It could be the beginning of a hyperdeflation. These indicators are all early stages in the production structure, which would see low prices first. But no use to blame me if it does not happen.
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landonbridge
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September 22, 2014, 01:37:07 PM |
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Not true.. All of this not true.
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kehtolo
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September 22, 2014, 01:50:27 PM |
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Not true.. All of this not true.
You what? The whole thread? Or just certain sections you disagree with.. care to elaborate?
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The next 24 hours are critical!
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Erdogan
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September 22, 2014, 02:06:12 PM |
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Not true.. All of this not true.
You what? The whole thread? Or just certain sections you disagree with.. care to elaborate? Maybe he means humanity, as we know it.
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oda.krell
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September 22, 2014, 02:56:54 PM |
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For example, Litecoin, the second-largest cryptocurrency in terms of market capitalization, offers a more complex problem to solve and is therefore more difficult to "mine," or create. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FvG7n1oy.png&t=665&c=L41_qxyQ43putw)
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Not sure which Bitcoin wallet you should use? Get Electrum!Electrum is an open-source lightweight client: fast, user friendly, and 100% secure. Download the source or executables for Windows/OSX/Linux/Android from, and only from, the official Electrum homepage.
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Torque
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September 22, 2014, 03:39:42 PM |
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cypherdoc (OP)
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September 22, 2014, 04:14:38 PM |
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Adrian-x
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September 22, 2014, 04:40:41 PM |
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The homo oeconomicus does not produce food. It's junk (food). The result of such an 'evolution in progress' at an artificially enforced (state, church, money) - and therefore exponentially increasing speed - is a species captured in an evolutionary cul-de-sac. At the moment we are watching the 'finale furioso'. Within the last 50 years, the bmi changed more than within one million years before. Crypto will terminate the economy and the society (which is organised violence / collectivism). It leads to the rebirth of the community and therefore the rebirth of the homo sapiens.
A bit extreme, but count me in, (from my perspective it's just the unwinding of malinvestment and humans being the most versatile spies will adapt)
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Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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hdbuck
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September 22, 2014, 04:47:50 PM |
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Hunyadi
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☑ ♟ ☐ ♚
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September 22, 2014, 04:49:20 PM |
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Very nice! Ecosystem is growing nicely.
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▂▃▅▇█▓▒░B**-Cultist░▒▓█▇▅▃▂
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cypherdoc (OP)
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September 22, 2014, 04:52:15 PM |
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Excellent interview of Thomas Piketty, author on wealth inequality. He received quite a bit of criticism on this work but only because the book was so popular and threatening to the financial elite. http://www.econtalk.org/archives/2014/09/thomas_piketty.html
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rocks
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September 22, 2014, 05:37:30 PM |
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Piketty's work essentially says: 1) Wealth inequality is bad 2) Capitalism over time concentrates wealth which grows inequality He then takes a leap and assumes that the only mechanism to fix inequality is to vastly increase state power and increase income taxes. The problem is his recommendations will only further inequality. The majority of his tax proposals will not fall on the truly wealth rentier class, but on the middle and upper middle classes who are trying to build a safety net to live off of. And increasing state power only further entrenches protected special interests. This is a decent review IMHO. http://www.zerohedge.com/news/2014-04-28/critique-pikettys-solution-widening-wealth-inequalityAlso, never mind the fact that America was founded on the principals of equality of opportunity, an end of the feudal system with hereditary rite, where people not born to the right parents could never own land/businesses/etc. Equality does not mean equality of financial positions or equality of results, which is what the meaning has been twisted into today, which is simply Orwellian Newspeak.
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cypherdoc (OP)
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September 22, 2014, 05:39:30 PM |
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oil breaks support: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FAuimz95.png&t=665&c=UKRsbFXM6ubMXA)
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cypherdoc (OP)
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September 22, 2014, 05:46:15 PM |
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Piketty's work essentially says: 1) Wealth inequality is bad 2) Capitalism over time concentrates wealth which grows inequality He then takes a leap and assumes that the only mechanism to fix inequality is to vastly increase state power and increase income taxes. The problem is his recommendations will only further inequality. The majority of his tax proposals will not fall on the truly wealth rentier class, but on the middle and upper middle classes who are trying to build a safety net to live off of. And increasing state power only further entrenches protected special interests. This is a decent review IMHO. http://www.zerohedge.com/news/2014-04-28/critique-pikettys-solution-widening-wealth-inequalityAlso, never mind the fact that America was founded on the principals of equality of opportunity, an end of the feudal system with hereditary rite, where people not born to the right parents could never own land/businesses/etc. Equality does not mean equality of financial positions or equality of results, which is what the meaning has been twisted into today, which is simply Orwellian Newspeak. have you read his book? i've not. so those solutions do seem off despite what i thought was a good analysis as to how we got to where we are.
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cypherdoc (OP)
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September 22, 2014, 05:50:10 PM |
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the cash buyer is retreating: ![](https://ip.bitcointalk.org/?u=http%3A%2F%2F4.bp.blogspot.com%2F-dGbBv16_0Ww%2FVCA9N0hc7UI%2FAAAAAAAAgqk%2FJ8rEABhFzM8%2Fs1600%2FEHSNSAAug2014.PNG&t=665&c=iGWRQwjDFTSfXw)
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cypherdoc (OP)
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September 22, 2014, 05:53:21 PM |
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pretty ugly: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FDTHeBdw.png&t=665&c=YcOUL27HQUbeTQ) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FAsfiDfi.png&t=665&c=_BxSHfKzmg5Wnw)
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