Quote from: realr0ach on January 21, 2018, 03:14:54 AM

Quote from: CRED.me on January 21, 2018, 02:02:08 AM

Trumps cabinet are lying about Fort Knox?

Of course Mnuchin is lying about Ft Knox.

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Russians and the BoE are clearly stacking silver too:

How befitting that the hi-tech USA offloaded the dying industrial age and the barbaric relic gold on Russia and China.

Or someone may wish to bluff and make the world think that acquiring gold is some strategic advantage, so the compartmentalized central banks are focused on gold while theyre disintemediated by permissionless (no third party because nobody controls them) decentralized ledger technology.

Now even if we presume that Bitcoin is ultimately controlled by TPTB, for all extents and purposes until they exert that control in a way that causes third-party risk, then Bitcoin is permissionless without trust risk and thus superior to gold (and additionally because no one can prove who is in control or if mining is centrally controlled, because mining is more or less anonymous). And obviously if their goal is creative destruction of the nation-state politics that causes them to have to maintain 170+ central-banks, they wont exert any such control until the 666 stage of Revelation which comes after the 10 Kings stage (i.e. 10 regional currencies and economic unions instead of nation-states) and the disintermediation of the central banks.

Because any way, TPTB also control gold (via their control/influence over the DEEP STATE from behind the curtain) as has been explained to you.

Another facet is that it has been shown that Bitcoin requires an oligarchy to form, else it will no longer converge on consensus as the transaction fees become significant relative to programmed block reward. Thus even if we posit that the global elite are not cooperating nor in control, then they must or a victor must form, else Bitcoin will eventually fork off into chaos. Yet we require the same about gold and the formation of a new monetary reset with a new reserve standard (that someone must take control to make the choice and enforce it). So one way or the other, some oligarchy must enforce order, else we end up in a Dark Age. But as I pointed out, the route to a new reserve standard via gold is impossible (youll end up with a scorched earth nuclear-bombs WW3 as the superpowers battle it out over due to collapsing economics and war-politics during massive deflation for which asset or mix of assets should be the reserve and who should oversee and control that)! Whereas, Bitcoin is virally replacing the worlds banking systems without any need for top-down political coordination. Bitcoin is a market-based solution to an otherwise intractable globalization political problem. As @CoinCube had explained, globalism is all about maximizing coordination so that on the local level humans have more degrees-of-freedom and so the knowledge age can proceed. As he also explained, theres no such thing as 100% decentralization, which is what would be required for @r0achs (goldbugs) theories about gold to be true. As Armstrong has explained many times, every form of fungible money is a fiat, even gold. Its human greed, lust for power, and idolization of fungible stored monetary value which may lead them into the 666, while the non-fungible knowledge age provides an outlet for those who choose it. At the generative essence, for example the feminist politics is just non-meritorious greed and lust for power and the manipulation of religion/philosophy to accomplish such.

Quote from: CRED.me on January 17, 2018, 05:01:48 PM

Gold is not at all involved in this decentralization of information. Its analogous to the comparison of the value of mechanically crushed gravel compared to etched silicon. The intellectual property component of the valuation is orders-of-magnitude differentiated. @r0ach (@realr0ach) why cant you comprehend that purely monetary stored value is dying, because the industrial age and fixed capital investment is dying. Why cant you comprehend my essay, Rise of Knowledge, Demise of Finance? Youre as myopic as the Luddites, who couldnt accept that technology had changed the economics from their antiquated, truculent understanding of the world.

My CRED consensus design is an attempt to have a more transparency+objectivity on defection from the group consensus. It allows the elite to remain anonymous and in control for as long as they dont violate the permissionless protocol and if they do, it provides a means for the swarm of humanity to collectively and objectively route around their defection without a political battle nor disintegration into a forkathon. The power-law distribution of wealth cant be eliminated for as long as we need fungible or groupwise consensus; thus, the objective is to ameliorate the negative impacts of it.