jhogue wrote:1. Short of some kind of an existential threat, I cannot imagine how central bankers would ever agreeing to a return to the gold standard. It would be like the Pentagon voluntarily abandoning nuclear weapons. Not going to happen.
Who said anything about their agreeing? It won't be up to them.
jhogue wrote:
2. I love the Beany Baby analogy for bitcoin. So far, the rise of bitcoin tracks Everett Rogers' theory of the diffusion of technology-- or at least the first parts of the curve. Perhaps the panic and disgust phases will be all the more exaggerated when people discover that bitcoin has less intrinsic value than, say, Thomas Edison's light bulb. Fortunately, the market cap of bitcoin is relatively small ($100 billion) at present compared to the size of the global gold market (about $50 trillion).
Yes, that is a good thing, although I wonder how you came up with your estimate of the global gold market. $50 trillion is about 10x what I would have guessed.
1. I expect the central bankers to disagree with any return to the gold standard-- and to fight back with all the resources they can muster.
2. My source for the size of the global gold market was:
[URL removed]
(If I am mistaken, please correct me)
Last edited by jhogue on Sun Nov 05, 2017 4:14 pm, edited 1 time in total.
“Groucho Marx wrote:
A stock trader asked him, "Groucho, where do you put all your money?" Groucho was said to have replied, "In Treasury bonds", and the trader said, "You can't make much money on those." Groucho said, "You can if you have enough of them!"
jhogue wrote:1. I expect the central bankers to disagree with any return to the gold standard-- and to fight back with all the resources they can muster.
Absolutely. But their problem will be when no one wants their "money". Then what resources will they have?
jhogue wrote:
2. My source for the size of the global gold market was:
[URL removed]
(If I am mistaken, please correct me)
That link launched something about alibaba shopping.
Actually, I think that site might be hacked and is forwarding somewhere else... kitsoftvvare.com. I don't think anyone should go there... and the link should probably be removed.
Don't agree with me too strongly or I'm going to change my mind
I removed the URL from my message. Not sure how to remove it from the others.
“Groucho Marx wrote:
A stock trader asked him, "Groucho, where do you put all your money?" Groucho was said to have replied, "In Treasury bonds", and the trader said, "You can't make much money on those." Groucho said, "You can if you have enough of them!"
I read an article about a couple guys in Siberia who have two bitcoin computers in a little house fueling a radiant heating system in the winter; the computers reduce their heat bill, and they've been selling about $430 of btc a month. A quick search shows bitcoin computer are pretty cheap, so if the heating components are cheap (do you even need them?) and electricity is cheap, that seems like a nifty idea.
"More than $300m of cryptocurrency has been lost after a series of bugs in a popular digital wallet service led one curious developer to accidentally take control of and then lock up the funds, according to reports."
"More than $300m of cryptocurrency has been lost after a series of bugs in a popular digital wallet service led one curious developer to accidentally take control of and then lock up the funds, according to reports."
"Effectively, a user accidentally stole hundreds of wallets simultaneously, and then set them on fire in a panic while trying to give them back."
Back into the ether?
Don't agree with me too strongly or I'm going to change my mind
ochotona wrote:That's almost as bad as losing all your gold in a boating accident, which happened to me.
i swear i honestly thought it would float...
-Government 2020+ - a BANANA REPUBLIC - if you can keep it
-Belief is the death of intelligence. As soon as one believes a doctrine of any sort, or assumes certitude, one stops thinking about that aspect of existence
What was the name of that fellow who was giving out small amounts of bitcoin a few years ago on this site? It might have been a Dutch sounding name but not certain about that. I'd like to find his posts on here, if possible.
Thanks, dualstow!
How would one go about finding this bitcoin and cashing it out? Does anyone still own their's?
Was it on mtgox.com, which went under?
I will read the pm in a sec. I just googled my wallet string which I found on page 7. Looks like I have 56 transactions and a balance of zero. Funny, I should have only one transaction:Marc’s gift. Hmm.
