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    Author Topic: Gold collapsing. Bitcoin UP.  (Read 2032330 times)

    • sidhujag
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    November 23, 2014, 06:23:32 AM
     #17941
    I predict btc prices rising so high that transactions suffer and noone wants to spend only hodl... Thus breaking rules of currency. At that point a proper eystem will begin to take hold and take over the next few years. my first concern over bitcoin is there is no inflationary concept and it will be its last.

    I alao did predict that the only coins standing will be mm based coins and seems that ppl finally see the light.

  • cypherdoc (OP)
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    November 23, 2014, 06:24:07 AM
     #17942
    Quote from: NewLiberty on June 28, 1974, 05:04:08 PM

    The cynic in me would consider whether all the trolling you are doing here is for the benefit of the Blockstream investment pool to get some low-cost Due Diligence work out of us.  The sort of analysis you are getting from some of the folks here is pure gold. Wink

    And my advice to Blockstream investors is to shut the company down now while you still have a chance and buy $21M worth of bitcoin right now while we're at a long term bottom.

    The reason? There's no way in hell any bitcoin company will ever be able to outperform the BTC currency. 

  • cbeast
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    Let's talk governance, lipstick, and pigs.


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    November 23, 2014, 01:28:18 PM
     #17943
    Quote from: cypherdoc on November 23, 2014, 06:24:07 AM
    Quote from: NewLiberty on June 28, 1974, 05:04:08 PM

    The cynic in me would consider whether all the trolling you are doing here is for the benefit of the Blockstream investment pool to get some low-cost Due Diligence work out of us.  The sort of analysis you are getting from some of the folks here is pure gold. Wink

    And my advice to Blockstream investors is to shut the company down now while you still have a chance and buy $21M worth of bitcoin right now while we're at a long term bottom.

    The reason? There's no way in hell any bitcoin company will ever be able to outperform the BTC currency. 
    If I ever get out of here,
    Thought of giving it all away
    To a registered charity.
    (Quote from: NewLiberty on June 28, 1974, 05:04:08 PM. Interesting quote date)
    Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.

  • NewLiberty
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    November 23, 2014, 02:43:11 PM
     #17944
    Quote from: cbeast on November 23, 2014, 01:28:18 PM
    Quote from: cypherdoc on November 23, 2014, 06:24:07 AM
    Quote from: NewLiberty on June 28, 1974, 05:04:08 PM

    The cynic in me would consider whether all the trolling you are doing here is for the benefit of the Blockstream investment pool to get some low-cost Due Diligence work out of us.  The sort of analysis you are getting from some of the folks here is pure gold. Wink

    And my advice to Blockstream investors is to shut the company down now while you still have a chance and buy $21M worth of bitcoin right now while we're at a long term bottom.

    The reason? There's no way in hell any bitcoin company will ever be able to outperform the BTC currency. 
    If I ever get out of here,
    Thought of giving it all away
    To a registered charity.
    (Quote from: NewLiberty on June 28, 1974, 05:04:08 PM. Interesting quote date)
    Either time travel is my other hobby or a digit dropped off the date parameter on the BB tag, or both.
    FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
    Bulk premiums as low as .0012 BTC "BETTER, MORE COLLECTIBLE, AND CHEAPER THAN SILVER EAGLES" 1Free of Government

  • NewLiberty
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    November 23, 2014, 02:51:43 PM
     #17945
    Quote from: sidhujag on November 23, 2014, 06:23:32 AM
    I predict btc prices rising so high that transactions suffer and noone wants to spend only hodl... Thus breaking rules of currency. At that point a proper eystem will begin to take hold and take over the next few years. my first concern over bitcoin is there is no inflationary concept and it will be its last.

    I alao did predict that the only coins standing will be mm based coins and seems that ppl finally see the light.

    Inflation punishes savers over spenders and enriches the issuing authority unjustly.  Some people think it is better for growth.  History shows stable money and low tax is the best formula for growth.  

    Bitcoin is inflationary in terms of monetary base, not deflationary as new Bitcoin are issued with each block.  People consider it deflationary because its relative value tends to rise (especially when it isn't falling) and because of the asymptotic cap of 21M but Bitcoin that haven't been issued can't really be considered until they are spendable.  Bitcoin is above 4% inflation for the next few years yet as shown:
    FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
    Bulk premiums as low as .0012 BTC "BETTER, MORE COLLECTIBLE, AND CHEAPER THAN SILVER EAGLES" 1Free of Government

  • Keyara
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    November 23, 2014, 03:33:26 PM
     #17946
    Good time to buy gold and short bitcoin.

  • cypherdoc (OP)
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    November 23, 2014, 03:48:43 PM
     #17947
    Quote from: Keyara on November 23, 2014, 03:33:26 PM
    Good time to buy gold and short bitcoin.

    Quite the opposite actually. 

  • cypherdoc (OP)
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    November 23, 2014, 04:33:42 PM
     #17948
    Gold collapsing. Bitcoin UP!

  • BlindMayorBitcorn
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    November 23, 2014, 04:35:21 PM
     #17949
    Quote from: cypherdoc on November 23, 2014, 04:33:42 PM
    Gold collapsing. Bitcoin UP!

    That's not what this guy is saying: https://bt.irlbtc.com/view/869664.msg9631525;topicseen#msg9631525
    Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.

  • cypherdoc (OP)
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    November 23, 2014, 04:38:24 PM
     #17950
    Quote from: BlindMayorBitcorn on November 23, 2014, 04:35:21 PM
    Quote from: cypherdoc on November 23, 2014, 04:33:42 PM
    Gold collapsing. Bitcoin UP!

    That's not what this guy is saying: https://bt.irlbtc.com/view/869664.msg9631525;topicseen#msg9631525

    You forgot the period after UP.

  • BlindMayorBitcorn
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    November 23, 2014, 04:39:56 PM
     #17951
    Quote from: cypherdoc on November 23, 2014, 04:38:24 PM
    Quote from: BlindMayorBitcorn on November 23, 2014, 04:35:21 PM
    Quote from: cypherdoc on November 23, 2014, 04:33:42 PM
    Gold collapsing. Bitcoin UP!

    That's not what this guy is saying: https://bt.irlbtc.com/view/869664.msg9631525;topicseen#msg9631525

    You forgot the period after UP.

    Fixed:P
    Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.

  • brg444
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    November 23, 2014, 06:26:29 PM
     #17952
    Quote from: cypherdoc on November 23, 2014, 06:24:07 AM
    Quote from: NewLiberty on June 28, 1974, 05:04:08 PM

    The cynic in me would consider whether all the trolling you are doing here is for the benefit of the Blockstream investment pool to get some low-cost Due Diligence work out of us.  The sort of analysis you are getting from some of the folks here is pure gold. Wink

    And my advice to Blockstream investors is to shut the company down now while you still have a chance and buy $21M worth of bitcoin right now while we're at a long term bottom.

    The reason? There's no way in hell any bitcoin company will ever be able to outperform the BTC currency. 

     Cheesy

    You don't really believe these things you write do you?

    You should know some people have motives beyond financial gains.

    "I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010

  • iCEBREAKER
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    November 23, 2014, 06:32:29 PM
     #17953
    Quote from: brg444 on November 22, 2014, 09:21:02 PM
    Quote from: Adrian-x on November 22, 2014, 09:16:44 PM
    Why is it assumed we need to implement fully decentralized smart platforms in the Bitcoin system?

    Because Bitcoin is the one & only trusted ledger. If it isn't built within Bitcoin then you sacrifice trust.

    Blockstream said it best : Can't be evil

    Bitcoin & friends don't operate on trust, they use proof of work.  Have you even read the whitepaper?

    And Bitcoin is far from being "the one & only trusted ledger."  Litecoin, Peercoin, and Primecoin have been doing very well for a couple of years, TYVM.  Why would you only trust only one form of proof of work?  If a SHA256 or ECDSA exploit is found, BTC goes to zero.

    Platforms are value neutral.  TCP/IP is being used for evil as MS/Google/Apple/Facebook aid and abet the creation of databases that would make Stalin and Honecker blush with embarrassment and shame.

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    Monero
    "The difference between bad and well-developed digital cash will determine
    whether we have a dictatorship or a real democracy."      David Chaum 1996
    "Fungibility provides privacy as a side effect."  Adam Back 2014
    Buy and sell XMR near you
    P2P Exchange Network
    Buy XMR with fiat
    Is Dash a scam?

  • Wilhelm
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    November 23, 2014, 06:35:32 PM
     #17954
    Quote from: iCEBREAKER on November 23, 2014, 06:32:29 PM
    Quote from: brg444 on November 22, 2014, 09:21:02 PM
    Quote from: Adrian-x on November 22, 2014, 09:16:44 PM
    Why is it assumed we need to implement fully decentralized smart platforms in the Bitcoin system?

    Because Bitcoin is the one & only trusted ledger. If it isn't built within Bitcoin then you sacrifice trust.

    Blockstream said it best : Can't be evil

    Bitcoin & friends don't operate on trust, they use proof of work.  Have you even read the whitepaper?

    And Bitcoin is far from being "the one & only trusted ledger."  Litecoin, Peercoin, and Primecoin have been doing very well for a couple of years, TYVM.  Why would you only trust only one form of proof of work?  If a SHA256 or ECDSA exploit is found, BTC goes to zero.

    Platforms are value neutral.  TCP/IP is being used for evil as MS/Google/Apple/Facebook aid and abet the creation of databases that would make Stalin and Honecker blush with embarrassment and shame.

    1. If both SHA256 and ECDSA are cracked then you still can't crack cold wallets with no outbound transactions.
    2. If one would crack Bitcoin they would be stupid to drive the price to zero. You don't kill the goose that lays golden eggs.
    3. Who says Bitcoin can't change it's proof of work algorithm?
    Bitcoin is like a box of chocolates. You never know what you're gonna get !!

  • iCEBREAKER
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    November 23, 2014, 06:47:34 PM
     #17955
    Quote from: Wilhelm on November 23, 2014, 06:35:32 PM
    If one would crack Bitcoin they would be stupid to drive the price to zero. You don't kill the goose that lays golden eggs.
    Who says Bitcoin can't change it's proof of work algorithm?

    BTC is destroying the traditional central/statist banking model and poised to begin the same process of disintermediation for stock exchanges.  Central banking and financial markets are two geese which lay very large golden eggs for some very powerful status quo powers that be.  They have an overwhelming interest in killing BTC before it kills their ability to collect rent.

    If you are long Litecoin or otherwise short BTC, driving the price to zero would make you a fortune.

    If BTC changes its PoW algorithm, it's not longer BTC because the ASIC-based infrastructure currently securing its blockchain would be useless.

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    ██████████████████████████
    ██████████████████████
    ██████████████████
    ██████████
    Monero
    "The difference between bad and well-developed digital cash will determine
    whether we have a dictatorship or a real democracy."      David Chaum 1996
    "Fungibility provides privacy as a side effect."  Adam Back 2014
    Buy and sell XMR near you
    P2P Exchange Network
    Buy XMR with fiat
    Is Dash a scam?

  • brg444
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    November 23, 2014, 06:55:54 PM
     #17956
    Quote from: iCEBREAKER on November 23, 2014, 06:32:29 PM

    And Bitcoin is far from being "the one & only trusted ledger."  Litecoin, Peercoin, and Primecoin have been doing very well for a couple of years, TYVM.  Why would you only trust only one form of proof of work?  If a SHA256 or ECDSA exploit is found, BTC goes to zero.


     Cheesy
    "I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010

  • tvbcof
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    November 23, 2014, 07:00:02 PM
     #17957
    Quote from: iCEBREAKER on November 23, 2014, 06:47:34 PM
    ...
    If BTC changes its PoW algorithm, it's not longer BTC because the ASIC-based infrastructure currently securing its blockchain would be useless.

    WTF???  Bitcoin is only Bitcoin because is makes ASIC gear non-useless?  Um...OK.  Whatever you say chief.
    sig spam anywhere and self-moderated threads on the pol&soc board are for losers.

  • brg444
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    November 23, 2014, 07:03:34 PM
     #17958
    BTC=Gold  LTC=Silver  XMR=Platinum  BBR=Palladium  XPM=Nickel  XCN=Copper  VIA=Zinc  XDN=Aluminium



     Cheesy Cheesy Cheesy Cheesy

    I sure hope you don't truly believe this.
    "I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010

  • cypherdoc (OP)
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    November 23, 2014, 07:04:06 PM
     #17959
    Quote from: brg444 on November 23, 2014, 06:26:29 PM
    Quote from: cypherdoc on November 23, 2014, 06:24:07 AM
    Quote from: NewLiberty on June 28, 1974, 05:04:08 PM

    The cynic in me would consider whether all the trolling you are doing here is for the benefit of the Blockstream investment pool to get some low-cost Due Diligence work out of us.  The sort of analysis you are getting from some of the folks here is pure gold. Wink

    And my advice to Blockstream investors is to shut the company down now while you still have a chance and buy $21M worth of bitcoin right now while we're at a long term bottom.

    The reason? There's no way in hell any bitcoin company will ever be able to outperform the BTC currency. 

     Cheesy

    You don't really believe these things you write do you?

    You should know some people have motives beyond financial gains.



    I absolutely believe this.

    Because if you're depending on gmax luke jr to understand the economics and game theory behind Bitcoin, you're going to have a bad time. 

  • brg444
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    November 23, 2014, 07:07:53 PM
     #17960
    Quote from: cypherdoc on November 23, 2014, 07:04:06 PM
    Quote from: brg444 on November 23, 2014, 06:26:29 PM
    Quote from: cypherdoc on November 23, 2014, 06:24:07 AM
    Quote from: NewLiberty on June 28, 1974, 05:04:08 PM

    The cynic in me would consider whether all the trolling you are doing here is for the benefit of the Blockstream investment pool to get some low-cost Due Diligence work out of us.  The sort of analysis you are getting from some of the folks here is pure gold. Wink

    And my advice to Blockstream investors is to shut the company down now while you still have a chance and buy $21M worth of bitcoin right now while we're at a long term bottom.

    The reason? There's no way in hell any bitcoin company will ever be able to outperform the BTC currency. 

     Cheesy

    You don't really believe these things you write do you?

    You should know some people have motives beyond financial gains.



    I absolutely believe this.

    Because if you're depending on gmax luke jr to understand the economics and game theory behind Bitcoin, you're going to have a bad time. 

    You can bet these guys are buying tons of BTC off market. But they're venture capitalists, their job is to fund companies, not invest in speculative assets.
    "I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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