Feathercoin

Quote:

---

Originally Posted by Shami-Amourae

The sad thing is I'm starting to think Bitcoin is literally destroying the precious metals market. The Liberty community is being split in half. The younger generations who are more tech savvy are going for cryptos and the older generations are thinking WTF is this shit?! A lot of the money is going into cryptos while bankers and older generation Truthers hold onto Gold/Silver when that may not be the future after all. If cryptos actually work there will be no more bankers. They will go the way of horse and carriage. No more Rothschild scum.

In other words precious metals may not be the safe haven, but it actually may be cryptos.

---

There is definitely a split going on. I'm still a big believer in gold and silver. Why I won't be selling any of those either. But you have to diversify, and evolve. I know with all the reading and research I've done that even IF there were to be a gold backed currency they would still control it. With this, at least in its current form they cannot control it. I saw an article yesterday where the Bank Of England proposed backing Bitcoins with Gold. Backing means control, enough said. They own the vast majority of it, and will make the rules they see fit to continue their positions. That isn't going to change unless we stop playing their game.

Quote:

---

Originally Posted by Jewboo

Yeah...you will always find even greater fools to pay you $100,000 for your Bitcoins. The supply of fools who actually have a hundred thousand dollars to spend on your Bitcoins is unlimited.

:rolleyes:

---

And if your gold goes to 100,000 an ounce you'll find someone who will give you 100,000 FRN's for it? :rolleyes:

Quote:

---

Originally Posted by Jewboo

Exactly.

---

I mainly hold alt-cryptos. I don't even one a whole Bitcoin.

Quote:

---

Originally Posted by Shami-Amourae

The sad thing is I'm starting to think Bitcoin is literally destroying the precious metals market. The Liberty community is being split in half. The younger generations who are more tech savvy are going for cryptos and the older generations are thinking WTF is this shit?! A lot of the money is going into cryptos while bankers and older generation Truthers hold onto Gold/Silver when that may not be the future after all.

In other words precious metals may not be the safe haven, but it actually may be cryptos.

---

Maybe younger generations just have a lesson to learn? I don't hate bitcoins, it is a bubble, it is not different this time compared to the millennium Internet bubble, the PM-bubble of 1979-80, the stock market bubble of late 20's, or the tulip bulb bubble of 17th Century Holland, a few made a fortune, a lot more lost a lot, some everything. Can bitcoins go up to $10,000 or even $100,000? Yes, it is possible, but I am not going to line up to buy it then either. It has no substance. I don't buy something without substance, and its fluctuations makes it a terrible choice of medium of exchange...

If you betting on individual coins that all do the same thing, holding onto any of them for the sake of the overall markets demand, is neglecting the requirement for a simple solution. Netscape browser is a good example of when someone else comes along and does the same thing better than you. Bitcoin itself is due to run into a wall and have to deal with competition soon.

Absolutely Free markets (in this case open source) are most vulnerable to centralization, unless there is a proprietary market that they are well established to operate in solely, a larger centralized free fish will come and gobble up all the smaller fish. Windows is a good example.

What these fundamentally provide is a utility to move money freely, one has to price the market based at what it costs to move the money now. E-coins are not money, they are utility to currency.

Quote:

---

Originally Posted by Ares

And if your gold goes to 100,000 an ounce you'll find someone who will give you 100,000 FRN's for it? :rolleyes:

---

Gold and silver are also now silly "investments". Just ask Mamboni. Buy ammo now because the population is so insane they think Bitcoins will soon be worth $100,000. Just observe how quickly "Gold-Silver.US" has become "Bitcoin-US".




:rolleyes: I'm "investing" in ammo now

Quote:

---

Originally Posted by Shami-Amourae

The sad thing is I'm starting to think Bitcoin is literally destroying the precious metals market. The Liberty community is being split in half. The younger generations who are more tech savvy are going for cryptos and the older generations are thinking WTF is this shit?! A lot of the money is going into cryptos while bankers and older generation Truthers hold onto Gold/Silver when that may not be the future after all. If cryptos actually work there will be no more bankers. They will go the way of horse and carriage. No more Rothschild scum.

In other words precious metals may not be the safe haven, but it actually may be cryptos.

---

I'm afraid you may be right. Precious metals aren't going anywhere as long as the digital currency mania is in progress.
It really might be time to sell gold and silver.

I don't think the younger generations ever really got the idea of precious metals.
The stock market crowd sure doesn't care about PM's.

Who does that leave to buy metals...a shrinking middle class of baby boomers with stagnant wages?

It looks like the money has moved on to bigger and better.

If the Goldman Sachs Jews are right, they're going to take gold down below $1,000. Where does the put silver...$14/$15?

http://smhttp.23575.nexcesscdn.net/8...adquarters.jpg
BITCOIN CREATOR AND MINING CENTER


:rolleyes: who has the most data processing power to "Mine" Bitcoins?

Quote:

---

Originally Posted by Neuro

Maybe younger generations just have a lesson to learn? I don't hate bitcoins, it is a bubble, it is not different this time compared to the millennium Internet bubble, the PM-bubble of 1979-80, the stock market bubble of late 20's, or the tulip bulb bubble of 17th Century Holland, a few made a fortune, a lot more lost a lot, some everything. Can bitcoins go up to $10,000 or even $100,000? Yes, it is possible, but I am not going to line up to buy it then either. It has no substance. I don't buy something without substance, and its fluctuations makes it a terrible choice of medium of exchange...

---

You can keep calling it a bubble until your blue in the face. A bubble is when the vast majority of the people know about it. Its still far from a bubble, or even a mania. Current exchange volumes the world over preclude it from being a bubble. Less than 3% of the 12 million of Bitcoins that currently exist are traded on a daily basis. How is that a bubble? Even by the examples you listed that still doesn't compare to a bubble.

I understand the no substance part, and you're right. You can't hold it, see it, or even touch it. (although there are physical coins that's beside the point) That is a limitation or hurdle that will prevent early adoption by those who can't do the above. But that still doesn't negate it's usefulness.

You can't sit there and tell any of us here that Gold and Silver are not manipulated in favor of those who think they rule us. If they created a backed currency, how would it change when they determine the value?

The wild fluctuations you are seeing are birth pains. You think the dollar was stable when it was first introduced? Even with a gold backing? Silver dropped dramatically when the comstock load was discovered. That wasn't just within the U.S. either that was globally.

Gold and Silver are a store of value, always have been, always will be. But the market is determining due to outright control and manipulation of those currencies that it will decide to use something else.

Central banks do not like crypto currencies and keep warning people to stay away. Do you want to be seen in the same light as they? They who have controlled our monetary system for the past 300 years while they enrich themselves and their families at the expense of yours?

Quote:

---

Originally Posted by Jewboo

http://smhttp.23575.nexcesscdn.net/8...adquarters.jpg
BITCOIN CREATOR AND MINING CENTER


:rolleyes: who has the most data processing power to "Mine" Bitcoins?

---

Look, Book and his useless pictures again. :rolleyes:

You have no idea what equipment is required for mining. Since ASIC's have come into the mining game, one mining pool alone has more processing power than the top 500 worlds super computers COMBINED.

But keep thinking it's controlled and mined by the NSA. :rolleyes: