Quote from: https://www.armstrongeconomics.com/international-news/china/renminbi-v-the-dollar/

The dollar haters have been touting that the Chinese yuan, or otherwise known as the renminbi, would kill the dollar and gold will soar.
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In fact, the renminbis global share has declined from nearly 2.5% of total global capital flows in 2015, for that was its peak in September 2015 actually on target with the Economic Confidence Model. So despite all the fanfare, China has entered a decline since 2015 not a rally to kill the dollar.
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to the dollar haters who concoct endless scenarios to paint the picture of the end of the dollar. One has to wonder why people continue to read these people. They have NEVER been right. They have used the scare-tactics that increasing the money supply would devastate the dollar and create hyperinflation. Another failed scenario. They there was the one about China was going to trade real gold, not paper futures as in New York COMEX. That one was supposed to kill the COMEX and everyone would rush to China. Well, that did not happen either. They lack any comprehension of how the world functions
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What makes the US economy the biggest? The American consumer and lower taxes than Europe.
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Europe is following Marx. They think the government is better equipped to spend other peoples money. That produces corruption, not economic growth.
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As long as China keeps its tax rate low and allows the people to spend the benefits of their labour, then it will continue to rise to displace the West which is blinded by power and pursue this Hunt forever more Taxes [but China will not become the new financial capital of the world until after 2032 and the dollar will rally for more years yet].

Quote from: realr0ach on November 25, 2017, 01:33:40 AM

Why people who promote craptocurrency over metals are idiots:

Quote from: realr0ach on November 25, 2017, 01:22:01 AM

I'm not a fan of Martin Armstrong, but his definition of gold and silver is "a hedge against government". An actual competent person trying to disparage bitcoin would mention that bitcoin is not a hedge against government since it's traffic is not obfuscated and it runs on the governments own infrastructure. Not to mention it's not possible to create a decentralized digital currency in the first place, only centralized ones. At the end of the day, the only valid hedge against government is metals because government can't afford to police the entire physical world, but they can easily afford to police the digital one.

Everything that is fungible is fleeting, including fungible metals.

Cryptocurrencies (plural) are not fungible with each other (exchanges even decentralized exchanges dont make them fungible with each other). The decentralized ledger is not limited to fungible applications such as currency. The currency aspect will end up fading away in relevance, as will the relevance of all stored fungible monetary capital. Where were headed, the utility (value) of all that fungible shit will become fleeting.

So keep stacking fleeting fungible shit. Those who are wiser will hone their knowledge creation capabilities. The next response to OROBTC applies, in that cryptocurrencies are about destroying the value of fungible monetary stores. Most people have not figured this out yet. I tend to be 5 - 10 years ahead of most others.

Note monetary capital still has some utility. I'm not saying to put no effort at all to accumulating some if you think you can utilize it to further the real point, but if that is all you're doing then I think youre missing the point of our existence as quoted below in my reply to @OROBTC.

P.S. the government cant do a damn thing about private keys and the balances/information controlled by them. I had months ago explained to you that cryptocurrency (and blockchain data) is like an endospore which cant be permanently shut down. Besides cryptocurrency is the best information gathering tool ever gifted to governments, so they dont want to shut it down.

Quote from: OROBTC on November 24, 2017, 01:23:30 AM

"When The Man Comes Around". THIS is worth a listen (40,000,000 views), play it loud...:

That inspired this post:

Quote from: CornCube on November 28, 2017, 12:05:49 PM

Quote from: CornCube on November 26, 2017, 07:00:38 PM

Theres no universal truth. We pick a role. And every role is part of nature. And no, were never above nature nor above being an animal (as if a thinking creature is not an animal, lol)

Idealism is so dangerous like any good drug, because since theyre drugged on the happy chemicals of their idealistic delusion (lie), in exchange for swallowing the intoxicating blue pill, theyll go to any extreme irrationality to maintain the delusion, such as junk science, forced sterilization, war, etc.. They drink their own Koolaid and truly believe their irrational were making a better world. News flash: the universe is constructed on ongoing randomness. If not, nothing would nor could exist other than as a static, prescripted recording. Were not making a damn thing. The entropic reality is were finding ways to randomly destroy everything created IOW by increasing the entropic diversity diversity of knowledge thus maximizing the distribution of uncertainty.

The Man in Black Johnny Cash.

Wise man.

Inspirational to see Johnny Cash still available to perform so well when he could barely walk.

Quote from: realr0ach on November 23, 2017, 06:01:44 PM

Brief Anonymint reference in new r0ach report:

The r0ach report 24: Bitcoin has involuntarily turned many programmers into conmen

https://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-24-bitcoin-has-involuntarily-turned-many-programmers-into-conmen

Quote

http://i.imgur.com/EiAkazx.png

I saw the image above linked online and someone referred to it as "the smart money".

This is where they're wrong. True, bitcoin has lots of smart people in the space, but all programmers have a god complex and pretend that any problem can just be worked around with some rickity hack. They don't believe in unsolvable problems. A truely smart person would be able to go through all possible branch prediction beforehand and realize that it's not possible to create a decentralized digital currency at all.

Or a smart person might have discovered a way to make them plausibly decentralized. Just because you think you have analyzed all the options @r0ach, doesnt insure you know all the options.

Quote from: realr0ach on November 23, 2017, 06:01:44 PM

Quote

All the people you see in bitcoin right now are just programmers (problem solvers) who are trying to make a name for themselves by...solving problems. The fact that the problem is not solvable is the perfect rat trap for any programmer since most cannot identify the issue due to their inherent god complex as mentioned above, and they will continue to shovel out dysfunctional Rube Goldberg machine one after another promising "the real cool working thing is just around the corner!", but it will never come since it's not even possible. I expect Ethereum will be the epitome of this example.

In my case, the delay has been significantly an issue of battling chronic fatigue due to autoimmunity, presumably due to TB and residual effects of multiple dengue infections. Its difficult to make progress when one spends most/much their time in bed with brain fatigue/fog unable to remember what they were thinking 1 minute earlier.

See also:

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3271466/
https://www.ncbi.nlm.nih.gov/pubmed/21112804
http://www.scielo.br/scielo.php?script=sci_arttext&pid=S1413-86702012000100018
https://www.usatoday.com/story/news/2016/04/11/zika-linked-second-autoimmune-disorder-similar-multiple-sclerosis/82908078/

Quote from: realr0ach on November 23, 2017, 06:01:44 PM

Quote

Shortly thereafter, (notorious?) user Anonymint in typical Anonymint wall of text fashion also identified decentralization in cryptocurrency as an unsolvable problem on the bitcoin forums.

Many of these people in the bitcoin space constantly flip flop back and forth due to the inherent god complex in programmers, so it's hard to keep track of who is on what side. The one constant trait in bitcoin is that the people who know the absolute least about it have the most confidence, or at least 'portrayed' confidence about it.

I did write that thread years ago, a more recent Gist post (which btw is a truncated version of longer secret Gist which reveals some of my design), and even in fact recently embroiled into this again with Daniel Larimer.

Its true that I see even flaws in my own design which could potentially cause it to become centralized, but Im working on the notion that people will be able to form groups of like-mindedness about protecting the invariants of the protocol. The key is for the community to be able to objectively distinguish malfeasance and for each individual to be able to independently and effectively route around it, i.e. castrating the powe of political influence.

The devil is in the details.

Quote from: OROBTC on November 22, 2017, 10:08:52 PM

Quote from: thatbluedude on November 22, 2017, 01:31:58 PM

Anybody read the How to Trade a Vertical Market report? Opinions or a tl,dr? I couldnt draw a lot of new insights from his (much cheaper) world currency report so Im not tempted to buy it.

CornCube is our resident expert (that I know of) re Armstrong. Since I do not TRADE, I do bother to subscribe to any of his reports, but I very much enjoy keeping up with his thoughts.

I do not know if CornCube subscribes (I think not), but he appears here from time-to-time and may offer good insight into trading a Vertical Market.

I turned my focus away from trading and didnt ask my source if he had purchased that report.

Btw, the username @CornCube was intentionally chosen to be visually similar to @CoinCube because I couldnt think of a username that I wanted which wasnt taken, because the only reason I registered again after prior username was banned again, was to reply to @CoinCube about superrationality in the DE thread, and because I thought maybe the mods would be visually confused for a sufficient time.