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Well you buy what's working, right? Don't fight the Fed? Oh wait...
BTC just hit $670...
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ZH CAPITULATION!!!
WHERE'S THE DONATION ADDRESS?
"It's happening!" - Ron Paul
Bitcoin:Gold ratio will soon be 1:1.
Buy Fear / Sell Greed.
Now, which chart looks like fear, and which chart looks like greed?
The mistake people are making is believing that somehow that Bitcoin Chart is a reflection of some sort of deep principle, rather than nothing more than speculative greed.
Also I don't accept the premise that people are rotating out of bullion and into bitcoin. I would like to see some evidence that this is happening, if Tyler is going to call it the Great Rotation.
TIC shows no significant foreigners are selling US Treasury debt and maintaining their $5 T + in Notes/Bonds...simply not much left to buy due to Fed's $45 B untapered QE coupled w/ lower Treasury issuance...Foreigners maintaining over 50% of all Treasury debt (notes/ bonds) compared to the Fed's 20% (both about record highs) (foreign record holdings of all Treasury debt was last March @ $5.721 T and now @ $5.653 T showing massive increases since '08)
http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt
Tired of hearing bullshit about China, Russia, whoever running from the dollar...don't listen to what they say, look @ what they are doing...buying Treasury debt!
and bitcoin.
and the shiny stuff
TIC shows no significant foreigners are selling US Treasury debt ...
Is the TIC Report as trustworthy and reliable as other government reports like Unemployment, Inflation and GDP?
http://www.shadowstats.com/alternate_data
Gold is only as safe as its encryption. No wait, thats Bitcoin
Gold is good, Bitcoin is good.
Get over the false dilemma.
People will fight to retain their ignorance as it is their most prized possession.
Didn't Somebody SELL ALASKA For $7M Fiats ???
Yep, REAL SMART...
Exactly. That's a lot of gold...and oil...for seven million bucks. This thing is an arms race to see who can create to most secure form of "digital money exchange." They're trying to hold on to the very real money that is in their totally virtual bank that has only totally virtual money. Read up on Mt Gox. Only reported here btw...the Government should have demanded all the money be given back to the kids who put it in their. Instead the Government took it in the form of some "failure to get a license" thing. But now the system has evolved into an actual ATM...putting in real money, getting crypto currency then buying a cup of coffee with it. Sounds stupid...gotta admit I had a fear that all the dollars in my wallet would no longer be able to get my own coffee ("forced into an exchange"...sound familiar?) reality is that real dollars are flooding into a "virtual currency" so to the extent that it is providing greater security of your personal savings then it's hard to argue they 're not adding value. The dollar amounts to set up one of these "mining operations" is now gigantic...5 million I hear. Plus your electrical bill goes sky...all just to define "your money is still in the bank" and "you are who you say you are."
rotation from gold into Bittulip ? Damn, and we were the width of a pubic hair away from cracking Comex
(sarc about bittulip, i am a fan of it, i just dont think it has a wide enough utility to truly become a major force)
double spend proof protocol has no price... just like some other major inventions, a steam machine in a world of finance?
Any of you ZHers buy Bitcoin anywhere near $600/BTC?
I will be buying until the crack-up boom.
Thats good. Like English humor.
Thought so. So no one here is paying $600+ for a Bitcoin and this place is ground zero for Bitcoin. So who is paying the higher and higher price for these Bitcoins? The Chinese? Sure.
HAHA, i did. just doing my part to get it in the news O.o....
Well, doing dollar cost averaging over 2 weeks, painful to press the buy button today but did it anyways.
If the bitcoin community shares your view fonestar, then I detest bitcoin. You appear to have traits of a sociopath and dictator who praises his own intelligence and knowing, while preaching anti-banks. You are a corrupted man who will rise to a dictator given the chance, and to the depth of only your own ignorance will you succeed. You can have bitcoin and your false theories of value. It seems more and more, that greed is your God. I know truly why value is inherent in all that man has dominion over. Love. So keep your anger and self righteousness for when your time comes, be conscious that he who will exhalt you from your inequities, looks at the heart.
Hint: Give advice and Information that is useful.
Value is subjective, not intrinsic. You're pissed because you bet all your money on a losing horse and you're a sore loser. You claim to be against ignorance but it's apparent you revel in it. Why should I be sympathetic to those who claim some of the greatest technological and mathematical genius in human history has "no intrinsic value"? Fuck 'em!!!
False. I have not bet on a losing horse, I have won the race. I stopped playing the game of "ego" long ago. That is precisely why your view towards my words are a gnashed set of teeth. You are weak without a cloak to disguise your true self. You hide in the internet and flourish with your ego because you have devious fantasies of your virtual throne that only you can hold and that is built solely for your premise. Your a sociopath and in real life you simply can not accept failure. You spew anger at me and call me angry. Bitcoin will not liberate you. Wether it is $5000 or $50, when the time arrives we all must accept who we truly are. That your ignorance gives you breathing room to rise above your own stench, is a losing bet. That you humble yourself is a winning proposition and you might help inflate bitcoin more.
Man, it's cool that the Dalai Lama has the ZH name "Simplifiedfrisbee". Your avoidance of the usual "you're an idiot, no you're a bigger idiot" rhetorical exchange is refreshing like a icy glass of beer on a hot beach. You may have done the impossible - silenced fonestar.
Nobody is going to silence me! We are riding the Bitcoin to the top! Take no prisoners and no surrender!
I up-arrowed you, fonestar, because I find your Rasputin-like insanity to be entertaining.
Win the whole thing. Use your inflated bitcoin to buy tulip bulbs.
There's theory and then there's reality...
As I keep saying, and I'm in no way bashing the intent/THEORY of Bitcoin, so don't get me wrong, Bitcoin is way too limited in reach and its dependencies on a highly controlled infrastructure (internet w/NSA now firmly hooked into it) is vastly overlooked.
PMs have a proven track record. They have survived countless calamities and currency busts. ANYONE can possess them, no infrastructure (other than perhaps a coffee can) is required. Yeah, cumbersome, but Bitcoins would also be a bit cumbersome in cases when one cannot make an internet connection (think that the NSA can't create internet brownouts?). Also, PMs are held by TPTB themselves, in which case it's highly unlikely that PMs will be associated with "terrorism."
What's gold backed by?
;-)
Pegasus - Is the price of gold reliable? Oil? Dollar? Bit coin? Interest rates? GDP? Inflation?
Of course nothing is reliable in a global command economy...it simply is what it is.
its great you have taken the initiative to look for yourself, as i have not. have you tried calculating the average holdings as compared to issuance? is that increasing or decreasing?
After gargantuan increases from '08 to early '12, Foreign holdings have flattened out...seems commensurate w/ a decrease from $1.7 T peak debt issuance to present $700 B debt issuance...
But just so you know this could all be bullshit...read the Treasury's note from the bottom of the report???
The data in this table are collected primarily from U.S.-based custodians. Since U.S. securities held
in overseas custody accounts may not be attributed to the actual owners, the data may not provide a precise accounting of
individual country ownership of Treasury securities
this report may or maynot be complete bullshit.
China may or may not hold $1.294 T in US Treasury debt...Japan may or may not hold $1.178 T???
But the more I think open mindedly about QE...the more I think it may not be an issue to taper!?! If "foreigners" were so willing to massively increase their holdings from '08 til now...if the Fed has to taper for a bit, what's to stop "foreigners" from continuing their now 5yr buying spree of Treasury debt? Who's to say they don't get the dollars for free via QE or currency swaps or the like and maybe they have a sweetener quid pro quo (cheap gold???) for their continued ever increasing ownership of US Treasury debt?@?
Whether "foreigner" is truly the countries attributed in the report or not...the debt is finding a home somehow, someway (ESF? or or or)...interest rate spikes seem more of a political tool than reflecting true demand / supply?
Welcome to the hall of mirrors.
LOL! Awesome. Now take the same offer, put it on a box and sell it in a store. No one sane would ever buy it.
"Buy Acme brand box of nothing, may or may not contain something."
may i propose that bitcoin is being inflanted while the great purchasing acquistion of precious metals continues.... another day... another.... well something.....
Now if there were serious issues in the phys market on the supply side .
What better way to keep the game going a bit longer (pun intended) than to slip in a brand new shiny distraction, that is guaranteed to pull purchasing power in a different direction.
Of course there's no issues in the phys market at all so this theory must be false.
Someone had made buying Bitcoin here in the US very difficult. Go ahead and try to buy a bitcoin without flying to Vancouver.
People do it every fucking day!
It looks like localbitcoins.com is having trouble right now? Possible DDOS attack?
Canadianbitcoins.com has been DDOS'd before. Looks like we are winning!
LOL. I guess healthcare.gov is a fucking success then.
I told you last week the localbitcoin spread was $500 dollars apart where I live.
Buying $200 and selling at $700 when the spot was $400-450. Sounds perfectly reasonable. s/
Enjoy the ride.
I'm spinning a 1 oz. Gold Eagle on my desk.
..
If some bit coins were in a boating accident, would they sink or float?
Just askin'
I had a bunch of bitcoins, but I lost them in an internet accident. In the cloud.
I store my bitcoins on the front lawn and driveway, since they are invisable, I have no worries about anyone stealing them..........
get it?
Hard to figure many are selling physical bullion to aquire bitcoin, aside from maybe those heavy in PM needing to liquidate in order to fund an online purchase perhaps. Wouldn't be shocking if GLD or SLV were being swapped for some bitcoins, though. I could also see where some new investment $$ might be swayed into bitcoin rather than adding to a physical postion.
Let's assume that right now bitcoin and gold are a 1:1 at about $1,000 and also that you hold an equal position in each. They both then begin a rapid ascent in what appears to be investments and savings around the world moving away from debt and risk based assets. The price of each goes over $5,000, then $10,000 and let's say to $20,000 or so.
Perhaps many of you would not change your position at this point, but would you be more comfortable converting your (physical) gold into bitcoins at this point or trading your bitcoins in to sit with all gold? If you had to make a move one way or another, what would you do? Would anyone go completley cyber?
Just curious.
Just another fiat currency relying on faith.Fiat valued in fiat.
The irony is far beyond the BTC enthusiasts.
Fiat is a dictate and has nothing to do with faith or "intrinsic value" (which is still situational).
“Where is the Ark Royal Mr. Churchill?"
Actually, ALL currencies rely on faith, to one degree or another. Even gold relies on the faith that someone won't find a gigantic ore body of the stuff that will destabilize gold's scarcity (and thus put a dent in its Store of Value).
"Fiat" money is money that is DICTATED to its users by force. The definition of the word FIAT is "an arbitrary order or decree", and is derived from the Latin word, which meant, "Let it be done". To wit: "This note is LEGAL TENDER for all debts, public and private".
BitCoin, like gold, and unlike the Federal Reserve Note, is freely chosen by those that use it.
The mistake people are making is believing that somehow that Bitcoin Chart is a reflection of some sort of deep principle, rather than nothing more than speculative greed.
I'd partially agree with that...regarding some people. But ya have to chalk a little bit of it up to an awakening of sorts. If BTC goes tits-up, the newly-awakened individual who now understands paper fiat is worth the final outcome.
Reminds me of when the Morgue walked silver up to $50, only to bring the hammer down in order to teach everyone that there is no alternatives to their games.
which time?
Yes
I would agree, except that BitCoins cannot be naked shorted. Unlike silver, which can be (and is) naked shorted to infinity.
The have started options (well not really more like horse betting) on them. Not far off from other derivatives to mess it all up. I'm really surprised we haven't seen a Sprott-like PSLV surface at this point for Bitcoins. I think it would have been better if BTC stayed off the radar a little longer in it's lifecycle. Feeling like a gold rush mentality. I'm not sure why you think BitCoins can't be naked shorted. They could pull a CME ("option for the counterparty to force settlement in cash") option. Someone like GS could put this on and club the BTC crowd like baby seals with this tactic.
Plus, it will be interesting to see how the miner transaction rate explodes as the scarcity factor reaches a saturation point.
Meat Hammer - The question is, how many principled libertarian types are now just standing aside, fully aware that the current run is just speculative frenzy? This runup could be the ultimate undoing for BTC, so people like Fonestar should stop back-patting and pumping, unless he is really just pumping to cash out and has no real principled belief in BTC.
I agree that to some extent, people are indeed waking up, but not to the tune of 25% moves in a few hours. This is speculative frenzy. I don't pretend to know where it ends up, but right now, this is just greedy greater fool gaming going on.
To the poster that said it looks like when JPM walked silver up to $50. Yes, it does indeed. Speculative excess always looks like silver at the peak, or BTC right here (or at 1,000 or 5,000, I have no idea).
To the poster that said the diff. with BTC is that it can't be naked shorted:
Indeed, which makes it a more pure market, and clearly without shorting (naked or otherwise), the bubbles become much greater. BTC right now may be a case study as to why shorting is a good thing (naked shorting is another story.
Could tulip bulbs be naked shorted? If so, somebody is going to figure out how to do it with BTC. Heck, they can just make it up on paper, exactly like they did with silver and gold.
We will be buying your gold coins for a few satoshis.
Please do. Buy as much gold as you can get your hands on. We need any extra demand you can muster. The markets must break before we see any hint of reality again.
Only if you buy as much Bitcoin as you can. We, too, need any extra demand you can muster.
You can keep your buttcoins
That is the plan.
Then the exchange moves from Fait:PM pairing to follow BtC:PM because that's how market action works if leveraging the inexhaustible power of greed. Shift the direction on it.
Then PM's go up with BtC once the poorly managed and hamstrung PM positions of trade house snap like dry twigs. It was the only way to get the commodities to reflect their true value with a handful of clowns sitting on it causing annoyance to everyone. The commodity houses that don't move are going to be SOL. Holders of PM's get rewarded.
Think of it like a wagon. Right now the wagon is attached to a dead horse. The wagon gets moved to the next horse that is alive, young and ready to move. And as a ironic twist of fate, those assing around on the price action of PM's for the last couple of years causing everyone a tonne of grief. Those guys lose their shirts because they are comparing worthless fiat, to shiny and new BtC. Price action properly adjusts itself because there is no reason to hold fiat anymore...
They make the rules and bend them. Only seemed fair to use them to untie the gordian knot. Checkmate in four moves....
Exactly. Bitcoin was the best thing that ever happened to holders of PMs (well the ones who had sufficient amounts anyway). Too bad many of them seem too dumb to realize that fact.
The shift from fiat to bitcoins to purchase PMs... the circle will be painted.
Rounding the wagons takes coordination and thinking of every possible outcome while avoiding people murdering each other over something as worthless as an IOU. Plus the existing debt is available to service at micro fractions of the originally racked up sum.
Total world derivatives exposure stands at 3.4 Quadrillion dollars, worldwide, as in eveyrone's debt. Now take that large number and put it into a limited set of currency that can count backwards in fractions. It gets priced somewhere between 'sweet fuck all' and 'squat'. Can't charge interest on it either by the nature of that right sliding price action, debt chokes itself to death by the single function of interest. It's a situation that forces a jubillee and the ability to clear the slate.
The debts aren't important afterwards, they can be covered in a day of mining a coin. What is important is the record of them is. Bean counters need them to figure out how it messed up. Legal departments and Lawyers need it for court cases. All of it.
Tied up a problem nicely so everyone can get on with their lives.
BOTH gold + bitcoin are a natural pair. Think of Btc popping in and out of virtual reality into physical reality via gold -- like virtual and real quantum particles.
As a Pair, they make fiat COMPLETELY unnecessary. And the TPTB fucking KNOW this.
It's just that some (many?) gold bugs have figured this out yet, or haven't wrapped their emotions/psyche around this reality yet. Such people are merely Late Adopters (a marketing term), who will "come around eventually, but will have missed the opportunity of early low prices. Imagine how well the clever, diligent and balsy Early Adopters have been rewarded.
Yes, we will come full circle. I believe PMs and BTC are complementary...for now.
Governments have a better chance of tracking bit coin on the web than gold in peoples's physical possession. Thus, the gov says bit coin wins. They decide, you don't. That's how the game is played. Enjoy your delusional thinking.
BTMFD and go fishin'
http://www.indiegogo.com/projects/bitcoin-dark-wallet
https://www.torproject.org/
Currency as software. There's always a home grown option that can be used to manage aspects of technology and it's security. Just look at IT now. Tonnes of smart security guys all over the world that can assist in all sorts of opportunities for all variety of community, business and public needs.
I have to say I'm a little skeptical about the dark wallet residing as a plug-in given the amount of browser hijackings we've seen over the years.
If I ran it, it would be in a locked down, stripped down browser. No java script, no flash-player, no other plug-ins, no cookies, no nothing.
Yesterday you promised to provide info today on how to create a btc wallet, etc.
Please do so.
Governments have a better chance of tracking bit coin on the web than gold in peoples's physical possession.
Franklin fucking Roosevelt, okay?
You have no idea what you are talking about. I can create a brand new wallet on a "clean" laptop which I can access in a coffee shop and send you Bitcoin totally anonymously. When I go to another country, all I need is to remember a password in my head. No bulky shiny to declare to the state.
Edit: Good luck moving your gold to another country in case we have a repeat of the Soviet Union.
all I need is to remember a password in my head
Everyone eventually breaks under torture.
Or when a loved one is threatened. That works for hidden gold as well, though...
high, What if, and believe me, this is just a hypothetical... what if someone accidentally put a bullet right there next to your password? Who ends up with the "bitcoin" then? And how much is it worth?
And if TPTB suspect you of having Bitcoin do you think that they might not be looking to restrict your travel?
Again, Bitcoin's weak spot is that it relies on something that is highly controlled by TPTB and has been only around on a commercial scale for around 30 years.
Coffee shop? Are you another one of those city boys? Careful about those places, just ask the Israelis.
My dog recently did some damage to some property of my neighbor's. This being a rural area folks aren't real hip on high-tech stuff. Even IF I had Bitcoin I doubt that I could use it in this case. The restitution is pure barter- I will grade his driveway. I think that the NSA folks aren't likely going to be monitoring that activity...
Real good point. What happens when you buy a widget that you want shipped to your address. There is now a destination that can be tagged to that super-secret hash you transacted with. And do you think people in general will create a separate wallet for each transaction. Odds on they won't.
The lemmings are chasing bitcoin into a parabolic rally while dumping their gold and silver. Rare art, S&P, basically all forms of wealth preservation for big money are going exponential. Gold and silver WILL follow...in time.
While Joe 6-pack dumps his bullion for bitcoin, Hinde Capital's Ben Davies believes gold is still THE place to park your wealth.
http://www.silverdoctors.com/ben-davies-turning-adversity-into-gold/
I think it is the man in the street giving the establishment the finger. It is a nice thing the day we can trade without the government trying to look over your shoulder all the time.
Who has given them the right to snoop on everything we do?
But, for me, never a substitute for gold, substitute for paper and digital FIAT money issued by any state, but never, ever for a gold coin.
Gold is for saving; bitcoins, barter, --whatever you prefer, for trade. And it seems people are not too keen on the government issue. Who can blame them.
This insane rise in the the stock market will continue until the currency crashes. Indications are, that this is maybe the end of the beginning!
Agreed. I view gold/silver as a different type of product than Bitcoins. Gold is SHTF life insurance. Bitcoin, like all other fiat, will be irrelevant in a SHTF scenario.
Easier to carry....easier to rip off. Plus and minus to everything. Don't think my local farmer will take Bitcoins for chickens or goats...but he does take gold or silver.
@papaswamp you will look back on this comment in two or three years and smile (or cry)
I wager he will cry
Food, Shelter and Water. If he's a farmer then he's likely set. As I noted above, I live in a rural area and I highly doubt that Bitcoin is going to be all the rave. Average age of farmers is increasing. Old people just don't do too well in absorbing new technologies; and, face it, Bitcoin IS a technology (it's an idea that's highly dependent upon technology, enough so that one could say that it IS a technology [obviously it's NOT physical, so that leaves it more in the realm of process/idea/virtual thing]).
But, assuming that you really want to wager (rather than just attempting to sound good) then by all means don't hold yourself back.
Yes, yes we do. If bitcoin really has all the "value" they claim, then it will be the "unforeseen" hyperinflation event to end all hyperinflationary events. Interestingly enough I am still looking for clear instructions on how to sell some of our product online using bitcoin and then turn the bitcoin into any fiat (and PMs of course). The fact that I can't get a straight answer from anyone who claims to be a bitcoin "expert" speaks volumes.
im no expert but try bitpay.com seems simple enough to me
Correct! You put their widget on your page, and when the customer pays them in BTC, the deposit dollars into your account directly.
Plus, they take all risk (and rewards) when it comes to BTC's value fluctuations.
"deposit dollars into your account directly." - and then hackers have access to my account? I think not.
Not sure what you mean.
You don't accept credit card payments? How does the credit card company pay you? In cash?
The cynic in me wonders how camped out the NSA is in places like this (if not inside, then at the doorsteps).
Given the big push toward dumping fiat and going electronic I have to ask whether people don't get it that Bitcoin represents exactly what TPTB are looking to do. Could they misjudge? Perhaps...
No matter, acquire meaningful assets, do good work, and be kind. (borrowing a bit from Scott Nearing) Everything else is just a detail.
I see only hyperinflation in the number of Bitcoin articles on ZH. Better they post Bitcoin ATH articles only, when a zero gets added.
Well just use locals right now at localbitcoins.com. The fact that such a strong currency has such limited means just points to how far this really has to run.....
LawsofPhysics:
download bitcoin wallet from bitcoin.org on to your secure PC. Synchronize with network. In the software generate a receive address for bitcoins. Copy and paste on to your website. Create an email/phone system where you agree a btc/usd ratio, having priced your goods in USD. Buyers have to transfer the btc within 2 hours of the quote. Job done.
Another city boy...
I've been inside the tech world (even worked with electronic currencies). I have to laugh at the insanity of it all. Yeah, ->I<- understand this, but what about the hordes of people who don't? Population demographics have us aging. Old people struggle with newfangled technologies. And if you think "so what about them," reconsider that it's likely They that have any real remaining wealth (all the younger people are pretty much dead broke and in debt).
Come the financial cliff and the Great Holocaust, the only people left alive will be the preppers and the stackers, who have the sophistication to have studied modern econimics. The average bumpkin will be dead.
Don't know if I'd call the average prepper "sophisticated". In any case, those with the fortitude to pull a trigger, will do just fine.
It's actually pretty easy. There are a bunch of APIs built for bitcoin e-commerce. The problem lies in that most of the 3rd party store providers like Volusion won't integrate bitcoin yet. So you have to build your own e-commerce store and integrate your Bitcoin API of choice. You can throw up a e-commerce store to sell shit easy. Trying to integrate an existing store that is run by a third party is a bit trickier at the moment.
Then your local farmer can stay in the dustbin of history where he belongs. I have no more patience for sentimental throwbacks holding back the rest of the world. Technological adoption has been moving far too slowly the last twenty years. Time for this to change.
Or as a punk rocker's jacket once told fonestar in the Pacific northwest, "get modern or get fucked".
When fraud is the status quo possession is the law. - All you need to know at this point.
call me when the Saudi's trade invisable coins for oil..............
~~~
Well 1 BTC will already buy you 6.5 barrels....
Unfortunately no suppliers are making that exchange, for now...
....and so they can continue to lose. My response to all the rest of the throwbacks as well... fuck 'em.
Throwbacks? We are a farming co-op of mostly veterans who remain well-trained as a matter of practice and many of us still serve. You really think you are gonna fuck us over? Time to get out of the basement kid, it's a great big world and you're missing it.
The future are what you call "kid"s. They are the one's who will vote with their wallets and are right now. This can be seen in the price of fiat in terms of Bitcoin. Fiat is hyperinflating in the only freely traded (not manipulated) commodity, Bitcoin.
The 35,000 acres we farm is going nowhere and it will continue to be defended/managed by my tride and our children. You still think voting matters? That says it all right there. When you get hungry enough, you will give us your wealth one way or another, that's my point.
If you want to be a throwback that's your choice. You can be a farmer, a baker, a plumber, a programmer whatever. It doesn't matter what your vocation is. It's your personal choice. Lead, follow or get out of the way.
Time for you to come clean, fonestar. You're not some cyber-revolutionary-visionary, are you? You bought some bitcoins, and just like R/E flippers you're hoping to generate some momentum so you can turn a sweet profit. I'd believe your bullshit a lot more readily if you were just a bit more subtle about talking your book.
Hahaha! Morons! I've been an ardent supporter of the cryptoanarchist manifesto and cypherpunks since the late 1990's.
I've been telling coworkers and everyone for years who said crap like "gee whiz email really changed the world eh Bob?" that they haven't seen anything yet!
We're only getting started and we are hell-bent on turning this world upside down! Most of you self-righteous PM bugs are latecomers to this party.
Can you hack it?
wait until they unleash quantum computing and quantum networks upon us. the technology singularity is coming. just imagine the power to simulate AI, and create our own universes.
Yeah, he could stay in the basement indefinitely...
Question : Have you figured out how to eat a virtual egg?
Question: How much money will fonestar have when the lights go out?
Lots and lots is your answer. Lots of silver, lots of gold, lots of Bitcoin. But it pales in value to my ideals!
"cryptoanarchist manifesto and cypherpunks"
Someone found a copy of 2600 at Barnes and Noble. Good for you Zero Cool!
Buys? From whom?
Sorry, my phone cannot connect a call to you from 1971.
modern: caveman in a dress twiting about his bulging digital wallet
And his mom's basement being the proverbial cave.
Enjoy eating your imaginary virtual eggs and bacon. Idiot.
Signed
Farmer
As ye sow, so shall you reap. I'll buy your crops for a few satoshis that I earned by providing "essential services" (sitting on my ass in front of my IBM laptop).
Fully 'tarded.
Kid, you're getting delusional. Time to get out of the basement and get some fresh air!
+1,000
Anyone thinking that farmers are stupid ought to try farming*. I've been in very high-tech and am now in farming. Farming is WAY more difficult.
Oh, and I can eat what I produce. I appreciate tech (I use it when it makes sense to do so) and what it has given us, but a LOT of it is more of a distraction than an aid. And in the end it'll come down to what it always has been about- PHYSICAL resources.
* Grass farmers (not the MJ kind) are some of the smartest people I've ever run across. Support them, as our future depends on them.
Farmers in England all drive computer controlled hover-tractors. You guys in America still on horseback?
Um... ALL farmers?
Not that I would ever want to defend them, but the Big Ag farmers in the US out-produce all others: of course, the question is: "for how long?" before the synthetic fertilizers and pesticides and scale cannot be had any longer...
Also, farmers are also livestock folks. Livestock doesn't require "computer controlled hover-tractors." Got meat?
I'll stick with the local farmer since grocery stores aren't exaclty genei bottles.
If Bitcoin gets approval from politicians, know that they have they hand in your virtual wallet, whilst they fuck you. Also, if you believe that it is untraceable, nothing electronic is untraceable.
What is "untraceable"?
Physical exchange, period!
Well, physical most certainly can be traced, it's just that the logistics/infrastructure to do so is far more difficult: anymore the controllers sit back in air-conditioned rooms pushing buttons to spy and kill people- it's The Wave of the Future, and we're running at it with our surf boards (no one said that we'd all make it).
How to buy things without a trace with bitcoins:
1) have a wallet with the bitcoins in it, password protected, on a USB key.
2) hand the piece of paper with the password written on it, to the seller of the desired good/service.
Presto! No record on the blockchain, no internet packets to sniff, nothing. The new owner should change the password with an offline computer, ASAP.
No, if I was the slightest bit dishonest I would have a copy of the wallet file I handed over and transfer the coins away from you to an address under my control as soon as I was out of shooting distance. Coins are not actually stored in a wallet. Coins are stored in the blockchain on 100s of thousands of computers around the world. The wallet contains the keys needed to access those coins. Wallets need to be copied and backed up (in case of boating accidents) but all copies need to be kept secure.
Yes. THEY will ensure that THEY "win." If they cannot adopt and regulate it then they will ban it. I wonder whether anyone really understood the crackdowns against "terrorist" money flows of the past and that this was a precursor to more tlightly controlling all money transfers.
"nothing electronic is untraceable." - signed, the NSA
Is that sarcasm?
Another city boy?
Your farmer grows food, is one of the very few people that actually makes anything, especially anything that's of any real value (no iShit).
"Technological adoption has been moving far too slowly the last twenty years. Time for this to change."
Good luck with that! The overwhelming majority of humans on the planet have never seen a computer or a cell phone: there are 3 1/2 times as many people in India living on $0.50/day than there are total people living in the US!
Punk rockers were called punks for a reason. Fun music, but mostly incapable of much else...
I have some fryers I will sell for Bitcoin don't wnat to broadcast where I live but trust me I would sell some for Bitcoin.
I have some fryers I will sell for Bitcoin don't wnat to broadcast where I live but trust me I would sell some for Bitcoin.
Sigh, if "they" wish to nab you they'll do so over not reporting sales... and, isn't that always the blanket way to catch folks- tax evasion? (getting run through the ringer until your life is completely consumed by it all, if, that is, you're fortunate that all these formalities weren't by-passed for expediency sake and you were droned)
let'm rotate.
I think this rotation is TSLA into btc.
Someone told me litecoin isup 100% today.
bitcoin is gold 2.0
litecoin is silver 2.0
Bonds are rallying and stocks are busting through all time highs.
This is fascinating.
I am curious to see if Japan goes super full retard later this week...year. What the fuck...like you said the JGBs are holding up...why not go apeshit?
If so, all of the Yen crosses should go nuts.
good luck man.
Bernanke just basically endorsed Bitcoin as semi-legit. Be very afraid.
It is the new tradition.
I wonder how many BTC's Bernanke and Dimon own and how much ecstasy they bought from Silk Road.