Quote from: r0ach on December 11, 2016, 05:52:13 PM

Anonymint always says, ... Oh, don't buy Bitcoin, that's not good either.

See my next post for the proof that you are lying. Even when I was wondering if BTC might follow gold down to a lower low (before I realized a couple months ago that was incorrect), I hadn't become bearish on crypto-currency going forward. I was merely trying to call the bottom of the "mountain of hope" in the first stage of an adoption cycle for new technology.

Quote from: r0ach on December 13, 2016, 11:53:19 AM

The moral of the story is, take into account that Ted Kaczynski is right and all technology only leads to further centralization and loss of freedom

Wrong! You are going to be so far behind by the end of 2017. You equate what is "creative destruction" giving birth to something more efficient and better, as a death.

Quote from: OROBTC on December 11, 2016, 09:53:15 PM

I have only been thinking A LITTLE about when & how a Knowledge Age might hit. For it to affect most of us, I think that is fairly far-off into the future. Especially in the Third World and among illiterates.

This is how fast it changes:

https://www.technologyreview.com/s/506466/given-tablets-but-no-teachers-ethiopian-children-teach-themselves/

It is already started in the developing world more than a decade ago. You under appreciate how much the Internet has changed the world. I was in the Philippines in 1991 and couldn't even communicate to another island faster than a snail mail 14 day turnaround (couldn't get an icecube in my drink either!). Now the students don't even use textbooks in college here, they just learn everything on the Internet. Ditto Africa.

You seem to think the Knowledge Age means you can only be a programmer. Rather it includes all forms of human production with technology and our brain. Include social media marketer, game designer, social networking power user, etc..

If you want to see the Knowledge Age in action, go hang out with some youth in their daily lives especially in the developing and third world. The Knowledge Age is so far advanced already and you are completely blind to it, which is amazing. I guess you guys spend all your time fondling your gold and don't actually interact with the youth in their activities.

Quote from: OROBTC on December 11, 2016, 09:53:15 PM

Gold might not be good forever and ever, but it should be good for me, my child and (with luck) any grandchildren...

Already dead and dying very fast to be entirely useless except for large players in the Old World (i.e. not the virtual economy) withering dinosaur physical/nation-state/NWO economy within another 10-20 years or so.

Precious metals are already long-since dead as unit-of-exchange. The governments are now going to kill it as a store-of-value and the Millennials are not going to support your tinfoil hat delusions. They've already switched to the Knowledge Age and everything virtual. They will adopt crypto-currency and digital currency instead.

Quote from: r0ach on December 11, 2016, 05:52:13 PM

If they took the DOW to 30,000 as a function of enormous debt levels ... and metals will skyrocket

DOW will go to 38,000+.

I have explained the Martin's Armstrong thesis numerous times (which is proving to be correct!), but you seem to ignore it and repeat the same nonsense misinterpretation over and over again.

The dollar and USA stocks are headed higher until the peak sometime in 2018, not because of Trump's stimulus, but because of the short dollar vortex which is sending all the international capital flowing into the dollar. Trump is just a kickstarter to accelerate that vortex.

Remember international capital follows international capital. The dollar short (carry trade unwinding) vortex will drive it bonkers.

Dollar up, gold down. Until 2018 when this vortex effect peaks.

Quote from: r0ach on December 11, 2016, 09:58:03 PM

Quote from: freshman777 on December 11, 2016, 09:40:16 PM

what are you going to eat in the Knowledge Age

When complex systems collapse, you go into a dark age, not a knowledge age. You don't get an age of enlightenment from regional instability. Sometimes I think Anonymint believes you can will things into existence, but willing a new renaissance into reality amongst a bunch of dindus looting the local storefronts isn't going to happen.

Don't compare apples to digital copies.

You are making a category error. The Knowledge Age will continue growing exponentially regardless if the physical/tangible economy is collapsing.

Pay attention to the word "bifurcation" in my prior email to Armstrong which OROBTC shared on my behalf.

Quote from: freshman777 on December 12, 2016, 08:25:34 AM

Even with the latter it's difficult to imagine the physical economy shrinking significantly, we're not spirits nor electrons, we need physical stuff to be produced

It is the debt based, fixed capital investment, financialization economy that will collapse. And that takes down the dominant physical economy. But yeah, the physical economy will rebound, but the Knowledge Age will not even slow down during all of this. It will be growing exponentially.

Quote from: r0ach on December 12, 2016, 04:09:43 PM

There is a history going back where the west attempted to demonitize silver as a way to hurt China + India and others

Which I wrote about 9 years ago when I used to be a tinfoil hat, but now don't agree with everything I wrote then.

Quote from: r0ach on December 12, 2016, 08:49:30 PM

Quote from: sidhujag on December 12, 2016, 08:19:38 PM

Quote from: r0ach on December 12, 2016, 04:09:43 PM

silver

g'ahead and we'll just switch over to bitcoin or the likes and see your bag become worthless over night

Silver is the one thing where it doesn't even matter if the CBs bless it or not since the general public and technical traders will remonitize silver to the moon if they pump gold.

Silver is never coming back as a unit-of-exchange. The red quoted text is what is going to happen.

Quote from: deisik on December 13, 2016, 07:07:35 AM

It is implicitly assumed that Bitcoin will be appreciating in the future (due to supply of new bitcoins tapering off eventually), and that is good for a store of value. This property contributes to hoarding. On the other hand, hoarding is the opposite of spending, they are mutually exclusive. To be a good means of exchange, money should be circulated, but the optimum seems to be somewhere in the positive territory of inflation rate, since money depreciating at a slow and low rate discourages saving and contributes to spending (while higher inflation rates would obviously disrupt circulation)

I wrote about this:

Quote from: iamnotback on December 12, 2016, 08:02:29 AM

I wrote about this yesterday:

https://steemit.com/blockchain/@anonymint/future-of-decentralized-currency-is-not-bitcoin
https://medium.com/@shelby_78386/future-of-decentralized-currency-is-not-bitcoin-eec2e9c39a0a

Quote from: r0ach on December 13, 2016, 11:32:30 AM

This is not true for several reasons.

#1 - There's no way cryptocurrency resides lower on the base of Exter's pyramid than real, existing commodity currency like gold and silver. So cryptocurrency will always just be the bad money that drives out good money. A civilization that skips the middleman and only uses good money is obviously more efficient since everyone will just be wasting time and resources constantly arbing between each one. I mean gold and silver circulated in native form as coins. Any digital form would just be a receipt to claim your metals in person. Cryptocurrency is not trustless so there is no benefit or difference in efficiency.

#2 - The only way you can actually build a valid cryptocurrency is by usury proofing it. The ability to practice usury in a cryptocurrency is just a sign you've created a Rube Goldberg machine that accomplishes nothing as I talk about here:

r0ach you are wrong on every point. But not in a way that would be obvious to you.

You will eat your hat soon...

(I won't bother to explain to you now bcz it is a complex, nuanced topic, and talking will only slow me down)

Quote from: r0ach on December 13, 2016, 11:53:19 AM

... you'd see you likely have to go low tech (physical gold and silver coins circulated in native form) to have decentralization rather than hopelessly trying to do so with some form of algorithmic computer money which is a medium (digital space) whose traits inherently prevent you from accomplishing said goal. It's like trying to barbeque some food using the ocean as a grill.

Programmers have a god complex so they tend to overlook inconveniences like this and just pretend all problems can be solved or worked around = creates Rube Goldberg machine to obfuscate what's actually going on. Or create a system that appears to work as advertised until it reaches endgame equilibrium state and turns into something completely different.

I am a unique programmer, because I also take an interest in economics and other disciplines including marketing. That doesn't mean I am the smartest mathematician, cryptographer, etc.. (and I am surely not!) It means I have a knack for creative paradigm-shifts and thinking out-of-the-box, because I assimilate far ranging disciplines of knowledge.

Prepare to be proven wrong.