Show #14: Bitcoin, Gold and the Cashless Society
- Thread starter Niall
- Start date
jonspock
Padawan Learner
Not looking good for Bitcoin...
http://arstechnica.com/tech-policy/2013/05/feds-seize-money-from-top-bitcoin-exchange-mt-gox/
Feds seize money from Dwolla account belonging to top Bitcoin exchange Mt. Gox
Mobile payments service won't move money to and from Mt. Gox post-court order.
Mt. Gox is the largest Bitcoin exchange, handling about 63 percent of all Bitcoin purchases.
http://arstechnica.com/tech-policy/2013/05/feds-seize-money-from-top-bitcoin-exchange-mt-gox/
Feds seize money from Dwolla account belonging to top Bitcoin exchange Mt. Gox
Mobile payments service won't move money to and from Mt. Gox post-court order.
Mt. Gox is the largest Bitcoin exchange, handling about 63 percent of all Bitcoin purchases.
Divide by Zero
The Living Force
jonspock said:
Yes, it is quite annoying when they do this for tutorials too!
If you have firefox, get a plugin called flash and video download.
It will let you download the flash video as a file, preferably as a mp4 or flv file.
Then get a program called vlc player. Open that file you downloaded with vlc. On the bottom right you see 1.00x, you can change this up to 4.00x, which speeds up videos a lot!
sitting
Dagobah Resident
Kniall said:
And this morning, it appears another substantial hit being taken by gold.
Long term yields rising since early May...and that usually spells big trouble ahead everywhere.
For those interested, below is link to a dynamic yield curve from year 1999 to present.
http://stockcharts.com/freecharts/yieldcurve.php
sitting said:
A clear sign that we are in a strong deleveraging mode IMO, especially following yesterday's FOMC meeting.
Also a good opportunity to invest in some gold and silver for those who can afford it. We may not have reached the bottom yet but these levels won't last for long.
sitting
Dagobah Resident
Eboard10 said:
In ancient times, the Sumerians and others have always understood gold to be the sole property of the "gods".
Through Laura's work (and others), we now know who these "gods" were. And what they used the gold for. Within this framework, for us to claim ownership (and believing it conveyed real security and wealth) is problematic at best. If gold is that valuable to 4th density beings, then that's where it will end up, ultimately. They have no problem taking what they want. Although they may employ designated human agents for the task however.
Here's a link to FDR's gold confiscation Executive Order 6102, enacted in 1933.
http://en.wikipedia.org/wiki/Executive_Order_6102
sitting said:
There is an interesting path of manipulations by the various parties of influence leading up to this "gold confiscation" event as described by Dr. Larson in his book titled ‘The Federal Reserve and our Manipulated Dollar’. I can't remember exactly the details other than directives from the banking houses, double speak in congress/senate, lots of disinformation and redirected vectors to an outraged population, default minimums for peoples physical gold and losses to the government as they turned it over to the banks even cheaper; who they then salted it away or sold it high (in a closed system) and pocketed the difference as they always do. In this respect, people were hood-winked, the government (tax payers) were on the hook; i.e. they subsidized the transfer of gold wealth to the .001%. All in all this was a mass liquidation of peoples gold by "legal manipulated frame work" of federal financial judicial law in a massive theft. Think the Aldrich/Rockefeller/Morgan and Euro banking families factored into this with their prior Reserve system enactments and later predatory goals - gold as just one aspect.
sitting
Dagobah Resident
voyageur said:
It was essentially a confiscation.
And something which can be repeated rather easily I think. We've had a proposed partial confiscation of bank accounts recently. The trend is clear.
I would suggest one clarification. Substitute "Rothschild" in place of Aldrich/Rockefeller/Morgan. The latter were basically agents of the Rothschild fortune, like so many others. This control, by Rothschilds, is still under comprehended to this day I think. And thanks to Laura's inquisitiveness, we now know who controls them. :).
Eustace Mullins is a good source for historical information on the Rothschilds.
sitting said:
Yes
Seems their modus never changes as they master the cycles and "trends".
Yes, my "Euro banking families" was in that direction.
Thanks for the Mullins reference. They do have a big thumb pressing on the locks of our present financial yokes.
jonspock
Padawan Learner
Interesting aspect of Bitcoin holdings...
On the fact that Bitcoin has a Kill Switch; and how to disconnect it.
http://www.loper-os.org/?p=1009
..snippet..
Most bitcoins are, in fact, in the hands of a very few people. Are you surprised? I’m not.
We also learn that, of the approximately 9 million bitcoins which currently exist, less than 2 million actually circulate – that is, change hands with any appreciable frequency:
“It is remarkable that 97% of all owners had fewer than 10 transactions each, while 75 owners use the network very often and are affiliated with at least 5,000 transactions.”
And it would appear that most of the non-circulating coins are in the hands of a very small number of people – who, one may reasonably suspect, were involved from with building and propagandising Bitcoin from its very beginning. So, who are the lords of Bitcoin?
On the fact that Bitcoin has a Kill Switch; and how to disconnect it.
http://www.loper-os.org/?p=1009
..snippet..
Most bitcoins are, in fact, in the hands of a very few people. Are you surprised? I’m not.
We also learn that, of the approximately 9 million bitcoins which currently exist, less than 2 million actually circulate – that is, change hands with any appreciable frequency:
“It is remarkable that 97% of all owners had fewer than 10 transactions each, while 75 owners use the network very often and are affiliated with at least 5,000 transactions.”
And it would appear that most of the non-circulating coins are in the hands of a very small number of people – who, one may reasonably suspect, were involved from with building and propagandising Bitcoin from its very beginning. So, who are the lords of Bitcoin?
Divide by Zero
The Living Force
Thanks for the link.
It takes a huge amount of calculations to make sure that each coin is not counterfeit-able, so in the idea of the program, why would there need to be a transaction log stored?
The same thing that makes the coin not counterfeit-able is what excuse they have now for the starters to have so much. It used to take less time to come up with coins, now much more. Those who started early mined those "easy" coins- with the rest of the people having to spend more computing power to make new coins. I remember trying out a calculator to see how much electricity cost translates to actual coins earned: it's not that good of a profit (plus the heat you pump into your house- which helps in the winter- but summer!).
But people will keep on doing it if there is a possible profit. It's attractive to think that you are creating money, even if it really is doing NO WORK.
Just like the banking system today.
It takes a huge amount of calculations to make sure that each coin is not counterfeit-able, so in the idea of the program, why would there need to be a transaction log stored?
The same thing that makes the coin not counterfeit-able is what excuse they have now for the starters to have so much. It used to take less time to come up with coins, now much more. Those who started early mined those "easy" coins- with the rest of the people having to spend more computing power to make new coins. I remember trying out a calculator to see how much electricity cost translates to actual coins earned: it's not that good of a profit (plus the heat you pump into your house- which helps in the winter- but summer!).
But people will keep on doing it if there is a possible profit. It's attractive to think that you are creating money, even if it really is doing NO WORK.
Just like the banking system today.