cypherdoc (OP)
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October 31, 2014, 03:29:31 PM |
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imo, once again, this will be good for Bitcoin. just be patient!:
I hope so, but to me they seem more positively correlated than not. i won't deny that, lately. but the long term divergence is still present and we're still all the way up at 339 which is pretty good depending on your entry point. think of it this way; some how the world economy continues to progress and develop despite all the shenanigans going on with the world elite and financial system. i think they will have to resort to greater efficiencies enable by Bitcoin to keep the whole game rolling forward and avoid Armageddon. gold and silver plunging tells me that this will happen; eventually.
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cypherdoc (OP)
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October 31, 2014, 03:33:58 PM |
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this is actually very bad news for all the doom and gloomers; the Dow Theory non-confirmation that was never confirmed, didn't get confirmed, and in fact is off the table. sorry, no Armageddon: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FISpd8ru.png&t=665&c=XW0PVvPMu-yf8Q)
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FNG
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October 31, 2014, 03:46:22 PM |
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this is actually very bad news for all the doom and gloomers; the Dow Theory non-confirmation that was never confirmed, didn't get confirmed, and in fact is off the table. sorry, no Armageddon: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FISpd8ru.png&t=665&c=XW0PVvPMu-yf8Q) Armageddon confirmed by the fact that all market action is driven by the central planners. Calling it a market is humorous at this point. "Guess what the central banks will do next" seems like a better name for this circus Musical chairs continues
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cypherdoc (OP)
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October 31, 2014, 03:46:51 PM |
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here's what a little QE moral hazard BS buys you these days. the apparatchiks are firmly in control: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FEIqWzBF.png&t=665&c=2UnGIOcYmvOm9g)
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cypherdoc (OP)
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October 31, 2014, 03:49:39 PM |
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you just weren't born into the right family.
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justusranvier
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October 31, 2014, 03:50:13 PM |
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Armageddon confirmed by the fact that all market action is driven by the central planners.
Calling it a market is humorous at this point. "Guess what the central banks will do next" seems like a better name for this circus
Musical chairs continues
The Federal Reserve official anthem: http://www.youtube.com/watch?v=zjedLeVGcfE
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devphp
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October 31, 2014, 03:53:57 PM |
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The higher all the pumped paper rises, the harder it falls.
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cypherdoc (OP)
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October 31, 2014, 03:55:16 PM |
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i've been wrong in calling the bottom, for so long in terms of what seems to be an interminable decline (only 11 mo really), that it can't hurt anymore than it already has by calling the bottom yet again: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F8gCvHup.png&t=665&c=ai7DnkoPGIovdA)
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cypherdoc (OP)
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October 31, 2014, 04:01:56 PM |
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for the doom and gloomers who are into fractals, take heart in the Megaphone formation that appears to be similar to that of the 2007-8 period. it's all in the eye of the beholder! ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FX9hzhHk.png&t=665&c=kccoTcQ9GHB1Lg)
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cbeast
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Let's talk governance, lipstick, and pigs.
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October 31, 2014, 04:14:18 PM |
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Armageddon confirmed by the fact that all market action is driven by the central planners.
Calling it a market is humorous at this point. "Guess what the central banks will do next" seems like a better name for this circus
Musical chairs continues
The Federal Reserve official anthem: http://www.youtube.com/watch?v=zjedLeVGcfE"The Show Must Go On" - Leo Sayer
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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FNG
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October 31, 2014, 04:23:16 PM |
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you just weren't born into the right family. Lol...and that's why I left the U.S. If I was born into the inner circle I probably would have stayed
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cbeast
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Let's talk governance, lipstick, and pigs.
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October 31, 2014, 04:23:52 PM |
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you just weren't born into the right family. Lol...and that's why I left the U.S. If I was born into the inner circle I probably would have stayed Ditto.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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FNG
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October 31, 2014, 04:47:15 PM |
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you just weren't born into the right family. Lol...and that's why I left the U.S. If I was born into the inner circle I probably would have stayed Ditto. There does seem to be a correlation between bitcoin and becoming an ex-pat. Even if the decision was made before the fact.
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justusranvier
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October 31, 2014, 05:35:24 PM |
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you just weren't born into the right family. Lol...and that's why I left the U.S. If I was born into the inner circle I probably would have stayed Ditto. There does seem to be a correlation between bitcoin and becoming an ex-pat. Even if the decision was made before the fact. The thing about Bitcoin is that geography becomes less relevant. You don't have to physically leave in order to economically leave.
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FNG
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October 31, 2014, 06:00:08 PM |
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you just weren't born into the right family. Lol...and that's why I left the U.S. If I was born into the inner circle I probably would have stayed Ditto. There does seem to be a correlation between bitcoin and becoming an ex-pat. Even if the decision was made before the fact. You don't have to physically leave in order to economically leave. Physically leaving is the best part :p
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cypherdoc (OP)
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October 31, 2014, 06:57:40 PM |
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Ok, I'm really getting sick of this fundamental misunderstanding making the rounds these days that "its the Blockchain stupid" that makes Bitcoin valuable and not the currency. I put the blame for this misperception squarely at the feet of Andreas as he's the one who's been most public and vocal spreading this view. After all, he is one of the geeks. See 4:30 with Arthur Levitt : http://mobile.bloomberg.com/video/arthur-levitt-on-sec-s-edgar-filing-system-and-bitcoin-YVtI25q8Tn~vJ2NWIawrpw.htmlLet me flip this argument around and say "no stupid, it's the currency that makes Bitcoin, not the Blockchain". After all, because it's a fixed supply and can't be inflated, THAT is what is resonating with freedom minded people worldwide who are tired of having their money devalued. And because these people have thrown their hard earned fiat money at Bitcoin, precisely for this reason, this is what has caused the price to rise and therefore has facilitated the mining industry to thrive and therefore the Blockchain has been allowed to become the immutable ledger it has become. The Blockchain would be nothing without the currency. Stupid. Now those who know me best realize I'm saying this partly in jest because what I really believe is that the 2 are inextricably linked as Bitcoin is its own self contained financial system. Which is why I disagree with the core assumption of the SC concept too, btw, which assumes they can be separated.
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FNG
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October 31, 2014, 07:29:40 PM |
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what I really believe is that the 2 are inextricably linked as Bitcoin is its own self contained financial system.
The blockchain makes bitcoin, the currency, a valuable item. Without bitcoin, the currency, the blockchain would not exist. Without the currency there would be no valuable blockchain. Without the blockchain, a fully digital, decentralized currency, couldn't exist. I like the fact that the blockchain is being promoted because you know the 2nd round of promotion will lead to the "currency" or SoV of bitcoin. It must. The hyped up blockchain is worthless without it. Give the media time
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Adrian-x
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October 31, 2014, 08:18:39 PM Last edit: October 31, 2014, 09:35:45 PM by Adrian-x |
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what I really believe is that the 2 are inextricably linked as Bitcoin is its own self contained financial system.
The blockchain makes bitcoin, the currency, a valuable item. Without bitcoin, the currency, the blockchain would not exist. Without the currency there would be no valuable blockchain. Without the blockchain, a fully digital, decentralized currency, couldn't exist. I like the fact that the blockchain is being promoted because you know the 2nd round of promotion will lead to the "currency" or SoV of bitcoin. It must. The hyped up blockchain is worthless without it. Give the media time funny you should say that, it turns out a private for profit company Blockstream is wanting to change that at the protocol level, IE aloe you and anyone relay to leverage the Bitcoin Blockchain ledger and create other assets off it, in effect separating the value in the blockchain from value in the currency - with out any risk to your bitcoin, in effect, create some other form of value that could substitute for money BTC that isn't on the blockchain. well there is a risk, and the risk is we may not need bitcoin the currency and just need to MergeMine bitcoin the blockchain to give value to the SideChain asset. the Blockstream pitch: We are a “blockchain 2.0” company. Although I personally care for the success of Bitcoin, it is important to distinguish between bitcoin the asset and the blockchain as a programmable distributed trust infrastructure. And we are interested in blockchain 2.0 and blockchain 2.0 using Bitcoin as a neutral transactional currency we believe is a great,
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Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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Adrian-x
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October 31, 2014, 08:28:49 PM |
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its not better technology that will replace bitcoin its better propaganda and consumer confidence keepers, some improvment i can see implemented in SC adjusting the fixed supply to a constant 3% economic growth stimulates (because economists think moderate monetary growth is good) increasing the tx fees, we need more miners for security, and teh proponents saying you the people, listen up, we have embraced bitcoin's blockchain technology its been improved and is safe for consumer adoption, were moving our national currency into the blockchain.
and in the blink of an eye Bitcoins tiny billion dollar market cap is absorbed and assimilated and usurped. Replaced not by better tech but by confidence spinning.
![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) my man, I have to say you almost had me. I, for one second, had the impression I was conversing with a smart fellow. You should be ashamed of such deception. your argument is GOVcoin, with inflationary features and corporate sponsors will kill Bitcoin? well my friend, this is the beauty of cryptocurrency. the democracy of money, where people vote with their $ (or BTC) and may the best man win. let them have their attempt at GOVcoin and the free market will decide who the winner is. I, for one, will have no part in it but I wish them luck. they will need lots of it. i said half joking, but i was wrong, it turns out you cant make this $#!+ up. - you could add bitcoin alongside paper dollars. I want to build a blockchain that could support a nation-state putting its national currency and phasing out paper dollars.
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Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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