Re: Gold collapsing. Bitcoin UP.

here's the BOE analysis that's already been put up earlier:

http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q3digitalcurrenciesbitcoin1.pdf

the only reason i repeat it here is b/c of the last footnote in the Annex of Technical issues where the author mentions the Nash Equilibrium for mining. he must have picked that up from me in this thread as i was the first to identify that concept afaik.

he, and the BOE, are here.

Hi Mark!?

you gotta wonder about the BOE's interest in Bitcoin given that Gordon Brown sold all their gold back in 2000.

For just one day's worth of printing money, either the BOE or FED could purchase enough electricity and equipment to mine enough coins to become a major satoshi-level holder (1M+ coins). I'm just a peon in this game, but it seems for the equivalent of a single day's worth of printing it is a reasonable hedge.