Search found 199 matches

by bitcoininthevp
Sun May 21, 2017 9:03 pm
Forum: Other Discussions
Topic: Bitcoin Costs More than Gold?
Replies: 109
Views: 43805

Re: Bitcoin Costs More than Gold?

I am happy to answer any specific questions that anyone has about bitcoin. In this thread or PM if youd like. A common misconception that I see in this thread is an overemphasis on "bitcoin isnt 'accepted' many places". Bitcoin is definitely a payment network, dont get me wrong. But bitcoin is more ...
by bitcoininthevp
Thu May 18, 2017 4:20 pm
Forum: Permanent Portfolio Discussion
Topic: An Alternative Explanation for the Permanent Portfolio
Replies: 12
Views: 7037

Re: An Alternative Explanation for the Permanent Portfolio

I believe the gold portion of your post is how Harry believed it as well in some of his radio shows. Gold as the world's second favorite money next to USD. People go to gold during uncertainty and gold doesn't necessarily follow inflation except when inflation numbers are high.
by bitcoininthevp
Sun Jan 01, 2017 6:03 pm
Forum: Permanent Portfolio Discussion
Topic: IMPORTANT: PP FORUM *NOT* GOING AWAY
Replies: 48
Views: 17843

Re: IMPORTANT: PP FORUM GOING AWAY

Ive posted before, but maybe it is worth another try for a Slack group.

https://permanentportfolio.slack.com

You can signup here:

https://permanentportfolioslack.herokuapp.com/

Not a forum style with threads but can have a room for gold/bonds/etc
by bitcoininthevp
Tue Nov 08, 2016 3:06 pm
Forum: Variable Portfolio Discussion
Topic: Bitcoin Mining
Replies: 51
Views: 19707

Re: Bitcoin Mining

MachineGhost wrote:They don't disclose the algorithm, but:

Image

http://www.alfaquotes.com/
Dont buy all the BTC at once, MG, youll drive the price up.
by bitcoininthevp
Tue Nov 08, 2016 2:49 pm
Forum: Variable Portfolio Discussion
Topic: Bitcoin Mining
Replies: 51
Views: 19707

Re: Bitcoin Mining

I do think that given the hasing power and electricity used that in combination with regular difficulty increases and a fixed amount of Bitcoins to be mined, one could arrive at a fair value estimate. Have you seen anyone attempt to do this? The amount of money people are putting into the hashing p...
by bitcoininthevp
Tue Nov 08, 2016 7:05 am
Forum: Variable Portfolio Discussion
Topic: Bitcoin Mining
Replies: 51
Views: 19707

Re: Bitcoin Mining

So bitcoin is not a _buy_ for MG then? :)
by bitcoininthevp
Mon Nov 07, 2016 7:37 pm
Forum: Variable Portfolio Discussion
Topic: Bitcoin Mining
Replies: 51
Views: 19707

Re: Bitcoin Mining

I was referring to all of the me-too cryptocurrencies that don't offer anything that Bitcon doesn't (well other than a fancy name), i.e. Litecoin. "Me too" vs actual innovation is all subjective, I guess. Zcash adds to fungibility. Litecoin adds faster confirmation times and a different mining algo...
by bitcoininthevp
Mon Nov 07, 2016 6:44 pm
Forum: Variable Portfolio Discussion
Topic: Bitcoin Mining
Replies: 51
Views: 19707

Re: Bitcoin Mining

Jack Jones wrote:I started following it around the $10/BTC mark. I considered buying some back then, but it seemed like a bad place to invest my money, and it still does.
Perfectly reasonable stance:
Rule #9: Don't ever do anything you don't understand.
by bitcoininthevp
Mon Nov 07, 2016 6:42 pm
Forum: Variable Portfolio Discussion
Topic: Bitcoin Mining
Replies: 51
Views: 19707

Re: Bitcoin Mining

I grow increasingly skeptical any of the me-too alternative currencies will be major players judging by their xxx/USD value, but ZeroCash is truly anonymous and just launched. I suspect going forward that the emphasis will be less on being a cryptocurrency and more on the specific benefit they prov...
by bitcoininthevp
Tue Oct 25, 2016 8:00 am
Forum: Permanent Portfolio Discussion
Topic: Road to Ruin: The Global Elites’ Secret Plan for the Next Financial Crisis
Replies: 10
Views: 5070

Re: Road to Ruin: The Global Elites’ Secret Plan for the Next Financial Crisis

What I tell myself to make myself comfortable with bank storage is that the gold is for re-establishing myself after the panic is over, which may be months down the road, when the banks presumably will have to re-open. The gold won't be much use during the panic itself. What you want during the pan...
by bitcoininthevp
Thu Oct 06, 2016 4:52 pm
Forum: Variable Portfolio Discussion
Topic: Bitcoin Mining
Replies: 51
Views: 19707

Re: Bitcoin Mining

I think fungibility is the biggest concern and should be the biggest effort in the coming years.

Coinjoin, MimbleWimble, Confidential Transactions, Ring Sigs, Zerocash.

All ideas being tossed around to solve the fungibility problem. There is hope on this front.
by bitcoininthevp
Mon Sep 26, 2016 8:32 am
Forum: Variable Portfolio Discussion
Topic: Bitcoin Mining
Replies: 51
Views: 19707

Re: Bitcoin Mining

I think sidechains will address the "bitcoin doesnt have any new features" concern.

I think that lightning network will address the "bitcoin cannot scale beyond 3 transactions per second" concern.