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Showing 20 of 704 results by traderCJ
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Re: Fiat Collapsing. Gold/Silver/Bitcoin UP.
by
traderCJ
on 12/02/2016, 08:47:32 UTC

I think the gold-oil link that has lasted for over a century is being severed.

New energy technologies are coming on line that will eventually cause the obsolescence of fossil fuels and the gold-oil link is necessarily reflecting that.

There will be a lot of disruption surrounding that delinking given the number of existing geopolitical power structures, petro-dollar debt-based fiat, bonds-for-oil, gold-for-oil, similar inter-national agreements and the mountain of derivative deals that are based on these fundamental long-term linkages of energy and money being broken.

tl;dr oil is being demonetised

It could be almost the exact opposite.  That is, energy (which fossil fuels remain well in the lead in and probably will for some time) may be in fact completely subsume the current function of money as has been seen in the present and past.  That is the base-line functional distinction of 'Technocracy.'

You (MofA) should sit through at least one of Patrick Wood's presentations of Technocracy.  It would probably take only one pass for you to appreciate most of the points.

I personally feel that various groups (including enviros/eugenicists, Technocrats, etc) are being used as useful idiots in a project to move the world forward and we may not see energy as the currency upon which ownership/control metrics are based as the Technocrats dream of, but we could see moves toward such a project and possibly a phase in which we seriously flirt with it.  Being familiar with the paradigm, one can see signs of this already with smart-meters, carbon taxes, fine-grained (personally identifiable) surveillance, etc.

Couldn't agree more.  Efficiency (energy economics) in all areas of life will be the order of business.  Optimal transportation (self-driving cars), optimal energy storage (GWh energy in a small cell, the ultimate currency), optimal logistics (Amazon.com), optimal population control (total surveillance and pre-crime heuristics), optimal knowledge transfer (direct brain - machine communication), and perhaps even instantaneous communication (quantum entanglement).  I've mixed feelings about it.  On the one hand, it will make bare necessities unbelievably cheap.  However, it seems that the easier we make survival, the sicker and less human we become.
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Re: Returning to gold standard?
by
traderCJ
on 12/02/2016, 08:36:47 UTC
Ah yes Gold. Thé resource with amazing intrinsic socially constructed value.

Oh the irony Roll Eyes  If anything has a socially constructed value, it is a cryptocurrency.  In this respect, it is very much like fiat.  What is the actual value of an entry in this distributed ledger we call Bitcoin?  It's anyone's guess.
Bitcoin has potential and it's a great idea but have no chance to change anything in monetary system of the world.I'm afraid if governments wants, they gonna make payment system based on blockchain customized for their purposes.

Correct, China's PBOC is already working on their own proprietary blockchain-based currency.  The Fed has disseminated whitepapers for their own "Fedcoin" currency, as well.  Governments can tolerate a lot of dissent, but unregulated currencies are something they absolutely will not tolerate.
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Re: Returning to gold standard?
by
traderCJ
on 12/02/2016, 08:32:17 UTC
Ah yes Gold. Thé resource with amazing intrinsic socially constructed value.

Oh the irony Roll Eyes  If anything has a socially constructed value, it is a cryptocurrency.  In this respect, it is very much like fiat.  What is the actual value of an entry in this distributed ledger we call Bitcoin?  It's anyone's guess.

Yeah, the practicability.

Contrary to gold, btc can be send anywhere from anywhere.

You'll tell me same thing for fiat if they're based on gold that means gold (through fiat) can do it too.

Yeah but btc is based not on simple arbitrary assets as gold but on Hashing power. Which means technology development and power! Much better that an arbitrary noble metal no?

They accomplish two completely different goals.  Gold is a rare, malleable, corrosion proof metal that has been used as a store of value for as long as records have been kept by humans.  It's value is readily assessed based on its rarity and physical characteristics.  The only actual asset backing a particular cryptocurrency is the hardware which serves no other purpose but to complete totally arbitrary (and wasteful) hashing calculations.  Furthermore, that hashing power could be directed at any number of competing cryptocurrencies.  It's an infrastructure more than it is a currency.

The next real, game changing currency will be one based on energy, I believe.  When battery technology improves so that several MWh worth of energy can be stored in a small cell, you'll see people exchange those instead of traditional currencies.
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Re: Returning to gold standard?
by
traderCJ
on 11/02/2016, 08:37:53 UTC
Ah yes Gold. Thé resource with amazing intrinsic socially constructed value.

Oh the irony Roll Eyes  If anything has a socially constructed value, it is a cryptocurrency.  In this respect, it is very much like fiat.  What is the actual value of an entry in this distributed ledger we call Bitcoin?  It's anyone's guess.
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Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
traderCJ
on 06/07/2015, 22:19:35 UTC

... what should we say about the correlation between finding out that you've taken hundreds of thousands of dollars in payments for paid shilling and finding out loud and opinionated you are on this blocksize subject?

I will not be surprised if this is true. Only I'll expect higher price  ... few millions. He is fighting hard.

A bit to hard I'd say.  He's losing his support base.  The more technical people first, but eventually most of those who can be dazzled by technobabble word-salad that cypherdoc himself doesn't really understand will fall away as well.

If I were hiring cypherdoc to shill for me he would have been fired about a month ago when he reached an inflection point of doing more harm than good.



Rather amazing that he still is posting.  For starters, his counsel should have advised him to stop posting here.
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Re: Gold collapsing. Bitcoin UP.
by
traderCJ
on 06/07/2015, 20:43:41 UTC
Even if mining pools set higher fees, aren't the unconfirmed TX's still added to their mempools?
No.

In other words, cypherdoc is clueless about how Bitcoin works.

Moar like the LeBron of Lasik, am I right?   Cheesy

Doubtful.  Dr. Lowelife spends every waking moment on bitcointalk and reddit so it seems.  A malpractice suite which stuck is one hypothesis which springs to mind, and could explain an early and intense interest in asset protection.  A clinic full of subordinate eye frying minions would be another.  Neither these or countless others are really interesting enough for me to spend much time on, but perhaps others who are more into such things would ferret out this mystery.

Many of my co-workers kept a stock market ticker within easy visual reach and referred to them about 60 times per hour as they performed the tasks of the day.  That's fine for code monkeys, but for someone doing eye surgery with laser beams it's an entirely different ball of wax.



So now we know what his "highly successful business" entailed.   Roll Eyes
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Board Scam Accusations
Re: PSA: cypherdoc is a paid shill, liar and probably epic scammer: HashFast affair
by
traderCJ
on 06/07/2015, 20:40:18 UTC
The real cypherdoc:

http://gsm.ucdavis.edu/faculty/marc-lowe

Has anyone notified his employer about these allegations?

Ah, the hilarity of it all.  So that was the "highly successful business" he was running.  In all seriousness, I'm sorry people lost money to this chicanery.
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Re: Gold collapsing. Bitcoin UP.
by
traderCJ
on 03/02/2015, 05:08:29 UTC
you need to read more closely.
i have gladly paid my taxes

Loosen up 79, I don't think anyone on a Libertarian leaning forum "gladly" pays their taxes.  Begrudgingly, more like it.  And that's the way it should be.
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Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
traderCJ
on 03/02/2015, 04:46:02 UTC
if anything, the massive attempts of clowns like traderCJ, tvbcof, and the Not* brother trolls to discredit me tells me we are still very early on in the game.  they are how you tell we are NOT in a bubble.  the bearish sentiment has become overconfident.  that combined with over a year long pullback that can't take us consistently below 200 is a very good sign for Bitcoin bulls.  this down half of this latest cycle is way overextended in duration and most likely has bottomed.  the guys who got in early like me are still way, way UP.  you'll have to take it down into single digits to make me hurt.  good luck.  i'm reminded of the NASDAQ crash down into 2002.  what came after that has been glorious.

i'm looking forward to pouring in more fiat tomorrow when my funds arrive at the exchange.

Well cypher, I think about the only thing we can agree on is that paying taxes sucks.
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Re: Gold collapsing. Bitcoin UP.
by
traderCJ
on 03/02/2015, 04:33:24 UTC
the most important thing during an accumulation is to not get overextended in case of a prolonged downturn, like we've had over the last year.

i've consistently said i have no debt, have real estate, and have a self owned highly profitable business that allows me the diversification and peace of mind to not get shaken out.  this bull mkt is vicious and has already shaken off most of its original bulls including guys like tvbcof (to whatever degree he will admit).

Oh brother.  You're not the only one with a solid business, and you're not the only one who made a killing.  I didn't start as early as you.  Most of the people here didn't.  We had to make our nuts on a compressed time frame.  Starting back in 2011, a chimp could have become a millionaire, let alone a human.  None of this changes the fact that you've been wrong the past year, big time, just like those who bought into PMs at their pinnacle.  Keep that ego in check, cypher  Kiss
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Re: Gold collapsing. Bitcoin UP.
by
traderCJ
on 03/02/2015, 04:01:34 UTC
cypherdoc has not suggested anyone to buy more than they can hold long term. Therefore, there have been no resultant losses over the past year.

Losses in terms of USD, absolutely.
But none of that is due to cypherdoc's advice. The USD will be worth zero before Bitcoin.

A "paper loss" is a loss nonetheless.  When the bank estimates your net worth in order to issue a business loan, they don't care about your expectations of future value.  All that matters is the price today, not some theoretical number a decade from now.  If you've got a different definition of loss, then fine, we will agree to disagree.
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Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
traderCJ
on 03/02/2015, 03:58:42 UTC
I would feel worse about dumping all my PM's and going all in to Bitcoin even if I had done so.  Even though it would have made me a ton of money it would have been an irresponsible gamble in my situation.  I don't pat myself on the back as having some special skill if I roll snake-eyes, land on community chest, and collect a 'bank error in my favor'.  That's just luck.  There were a bunch of things that could easily have gone haywire with Bitcoin over the last 4 years and we got very lucky on them.  The emergency hard-fork was one of these.

And a pat on the back for you 1) admitting that much of this is pure luck, like dancing through a Vietnamese minefield and 2) diversifying in the face of uncertainty ..
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Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
traderCJ
on 03/02/2015, 03:53:44 UTC
cypherdoc has not suggested anyone to buy more than they can hold long term. Therefore, there have been no resultant losses over the past year.

Losses in terms of USD, absolutely.
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Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
traderCJ
on 03/02/2015, 03:42:15 UTC
Hey tvbcof, we're going back up.

Well hopefully people haven't been taking your advice for the past year.  Unfortunately, I'm sure some did, and they have paid dearly.  Shame on you.

except i haven't been saying buy for the entire year.

shame on you for your buy recommendations on gold and silver.  they've performed miserably since 2011 and have been flat at best for the last year.

you must be frustrated.

Cypher, you've been nothing but bullish over the course of the entire thread's life.  In fact, you admitted that this is a place for you to troll to bears.  When it comes to PMs, I never said buy (to my recollection).  I'm not a salesman, unlike you.  I called you out on being wrong on gold vs Bitcoin for an entire year.  Hell, more than a year.  And although you probably do not recall, what I said about PMs was my shift to them from Bitcoin worked in my favor.  Furthermore, I have stated many times that gold and Bitcoin solve different problems.  Comparing the two from a functional standpoint doesn't make sense.  You, on the other hand, would rather preach the ultimate dominance of Bitcoin from your pulpit.  And like I said, this I'm sure has resulted in losses from those hapless people who have taken your advice over the past year.  It is your unmitigated arrogance that I take exception to.
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Re: Gold collapsing. Bitcoin UP.
by
traderCJ
on 03/02/2015, 03:24:01 UTC
Hey tvbcof, we're going back up.

Well hopefully people haven't been taking your advice for the past year.  Unfortunately, I'm sure some did, and they have paid dearly.  Shame on you.
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Re: Coinbase pissed off some people with lawyers
by
traderCJ
on 02/02/2015, 08:17:42 UTC
So literally anyone who incurred losses subsequent to the Coinbase announcement has standing in this law firms eyes?
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Re: Coinbase pissed off some people with lawyers
by
traderCJ
on 02/02/2015, 06:38:41 UTC
People feel they used news to manipulate price.  

If there is evidence,  there probably is somewhat of a good case.

Looking at the law firm, it looks like they've handled these type of things before.

I hope to see them get something.  

But sometimes with class action lawsuits (if that's what they're doing) - by the time they split it all up,  I don't think you see much.

I guess it depends on a total amount to be distributed.

So he lost $220k because he was short BTC and got margin called following the announcement?  That's his standing for the lawsuit?
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Board Speculation
Re: [Toldyaso alert] Hey 'dropt', looks like Bitcoin is right back in $200 range
by
traderCJ
on 02/02/2015, 05:26:21 UTC
More power to you, Mat.  I remember sparring with you back in the day when we were roaring through the $1k range and then back down.  I was wrong to be so bullish but got out before the big plummet.  Probably more luck than anything.  It's good to call people out for incorrect predictions.  A public spanking, in effect.  It helps ground arguments and keeps egos in check, which we can ALL use from time to time.
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Re: STRONG BUY
by
traderCJ
on 02/02/2015, 05:20:16 UTC
Well use your original account then instead of hiding behind a cowardly troll sock puppet alt.

Full name and address please, or else you're a coward.
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Re: STRONG BUY
by
traderCJ
on 01/02/2015, 06:18:42 UTC
Clear sign of Strong buy. Based on real analysis and trend calculations. (non-log)

If in a week, you think I helped you to make a profit, feel free to tip me. Send me a personal message (only after a week.)


Roger that, Roger.That

I feel like I'm in that movie Airplane  Grin