Mini-Puke: Barclays got Caught fixing the gold market
- Thread starter lukep
- Start date
(wrong)
~opens thread knowing it will have become a bitcoinfest/debate~
~leaves & closes door with smug look~
~leaves & closes door with smug look~
I agree with you that the mission to simply spread knowledge is hopeless. Despite the growth of Austrian Economics, AnCapism, Agorism, and even just plain ol libertarianism in the past decade, the birth rate still outpaces it all hopelessly.
There are lots of people (who I am very grateful for) on this board that still feel like this is the only way forward. Guerilla, who is way too burned out to fight in the trenches here anymore, advocated that path as the only one very strongly and seems to have concluded that we should just focus on our family and withdraw from all these other monkeys.
I discovered the Cypherpunks though; I see a new way that doesn't just spread knowledge; it incentivizes the spread of every single piece of knowledge. A kind of Viral marketing for freedom.
Considering the price of bitcoin is about $600 and headed north right now, I'd say they were on to something.
You just described all the evil tactics that our overlords use against us. I don't want to be like them; my goal is for there to be no more overlords.
Decentralization is simply not comparable with those tricks, however. You can't decentralize a propaganda network for instance because if just one node sees through it, he can't be censored from showing others the propaganda.
No, we're not going to see the 'decentralization of governments' at all; we're going to see the decentralization of every last imaginable service, from banking to roadlaying, which will remove the need for any position of power. Every last human will therefore become just as powerful & important as every other... As will be their AI creations, too. There won't be any tolerance for a government or anything that remotely smells like one. It's already inevitable without a complete nuclear holocaust.
That's awesome experience to have, it has given you a privileged perch from where to view the final chapter of the freedom movement. Now it appears to me you only need to catch up on the latest chapters of history in this epic struggle.
I didn't introduce a single one of those phrases to this news. And all a conspiracy theory means is speculation about whenever people act without telling the public about it. Everything that happens in Vegas, is by definition a conspiracy... How could any multi-party crime not be a conspiracy?
Oh what a conspiracy theorist!!1!1
I'm really tired of people throwing that phrase around to insinuate craziness. This is the very definition of using propaganda against people you don't agree with.
Did you read the part where this was almost a daily occurrence over a whole decade? It was basically Barclay Bank's business model to do this 'mini-puke.'
More conspiracies! -But damn, that one is way too freaking long.
I'm back... Harder to find time for this shit these days. Still, I wanted, and still want to talk about the gold fix; talking about bitcoin is something I do enough of elsewhere... With people who know WTF they are talking about. :thumbsup:
conspiracy, but not a theory at all.
Documented, superb marketing showcase. On a grand level.
Yes. Not only is it possible, it is probable banks are using every single dirty trick they can get away with to make more money.
What they were doing in the article was a minor kind of price fixing, just giving the market a little bump one way or the other for a split second, not a case of major price fixing where the market price is far away from where it is supposed to be. Gold will do whatever it was doing before.
It is extremely irresponsible to tell people to invest in gold, preaching about bitcoin is also really not such a good thing to do either.
Some mathematician somewhere could stumble upon a factoring algo with a linear big-O any day, or never, but if they do your bitcoins and every other cyrpto currency will go down the toilet, in a few hours.
Buying bitcoin is betting on there never being a mathematical solution to the problem of factoring big numbers. With gold, it would take massive changes involving many countries and billions of people for it to lose its value, but with bitcoin, one autistic neckbeard elf lord fuck could ruin your entire fucking life just by solving a math problem.
lukep - how do you feel about this news:
The Willy Report: proof of massive fraudulent trading activity at Mt. Gox, and how it has affected the price of Bitcoin | The Willy Report
The Willy Report: proof of massive fraudulent trading activity at Mt. Gox, and how it has affected the price of Bitcoin | The Willy Report
Did I tell anyone to buy gold? I said it's looking good, but I'd prefer something else. Sheesh...
As for bitcoin, you'd better believe I'm fearless in telling everyone that it's a good buy all the time; because it simply cannot fail to be worth millions of dollars per coin one day. Anyone who is going to cry about buying at $1000 and it going down to $400 this week is just whining about a short term situation that will be forgotten about completely in a few more months.
This is not as big as an issue as you think. First of all, VLNs are processing intensive because they are very large. Stumbling on a factoring algorythm that can make shorter work of a VLN is of course possible; it might knock another 0 off the end each decade, for instance. Factoring a dozen digits however is the kind of magic that moves universes. No one in crypto is seriously afraid of this.
Secondly, and by far more importantly, even if some magic spell came along and did just that; bitcoin is not just an equation to be solved; it is a peer-reviewed incentive network first and foremost. The hashing is a technical unit of work for others to agree on at all times, it is not the single layer of safety by any means.
If anyone somehow figured out a "cheat" to the hashing protocol one day, the developers would simply pop out a fix for it in the next version of the client code and get the word out. A couple of times already the blockchain has been severely forked and repaired within minutes by the dev team, I think this one was the latest such fork.
In short, what the majority of people want to happen to bitcoin happens to bitcoin. One person or even one country is NEVER going to control nor destroy it. That is simply impossible now.
That's quite the scandal right now over on reddit; It looks pretty damning for Karpeles. Let's keep this thread about gold, I'll head over to your other thread.
i feel for luke when he posts on these forums.
your ideas unfortunately will outlast your life. i'm curious. does it make you feel good knowing what the future holds, or sad that you will never see the ideas in your head come into reality during your lifetime?
also, i highly respect your ideas on the coming of decentralization and the removal of positions of power because i share your views on them. obviously, because of this, there will be no more politics or war, both of which in modern times are an enormous waste of time and energy. productivity will be extremely high with people doing exactly what they're naturally good at, and they will mostly work from home because again, it's more productive than it would be to commute (working at home, ironic considering the nature of this forum).
the future, in the long run, is incredibly bright.
also, one question about bitcoin. if in a very distant future, humans are able to harness fusion energy, and with this solve all of mankind's problems (famine, homelessness, sickness, mental illness, life satisfaction, etc.), in this scenario people will spend most of their time on leisure because most of their needs are satisfied. in this perfect uptopia, what incentive will humans have to use a currency at all when everything is abundant?
your ideas unfortunately will outlast your life. i'm curious. does it make you feel good knowing what the future holds, or sad that you will never see the ideas in your head come into reality during your lifetime?
also, i highly respect your ideas on the coming of decentralization and the removal of positions of power because i share your views on them. obviously, because of this, there will be no more politics or war, both of which in modern times are an enormous waste of time and energy. productivity will be extremely high with people doing exactly what they're naturally good at, and they will mostly work from home because again, it's more productive than it would be to commute (working at home, ironic considering the nature of this forum).
the future, in the long run, is incredibly bright.
also, one question about bitcoin. if in a very distant future, humans are able to harness fusion energy, and with this solve all of mankind's problems (famine, homelessness, sickness, mental illness, life satisfaction, etc.), in this scenario people will spend most of their time on leisure because most of their needs are satisfied. in this perfect uptopia, what incentive will humans have to use a currency at all when everything is abundant?
I was just pointing out what works, derived from what has worked lol.
ill checkout the Satoshi Nakamoto Institute because i am like you, i like to read, absorb knowledge, improve, and not be a flag waving pussy that calls everyone a conspiracy theorist mindlessly parroting verbatim agendas of those that have outsmarted them.
thanx luke. dont mind the assholes, its only partially their fault. i blame the parents
lawl
You might be a tad bit surprised how fast things are accelerating on the freedom front these days. Unless you know something about the day of my death that I don't, I fully believe I'll live to see the end of the nation state.
I'm a pretty happy guy now that I can see the final chapter of a 1,000 year old struggle finally underway. It's incredible to think that it's happening in my lifetime; I'm honestly alive at the best time in history to be alive in...
This thousand year old struggle I'm talking about is simply the game of freedom. If you've got a spare hour sometime, you'll thank me for getting you to watch Patrick Byrne, CEO of Overstock.com, explain that games history up to this date:
[ame=http://www.youtube.com/watch?v=bkf04kQw1YU]BITCOIN 2014 - Keynote - Dr. Patrick Byrne, Overstock CEO - YouTube[/ame]
Thanks bro, but just to be clear, I'm not really dropping much original thought on WF about freedom and bitcoin; I've learned most everything I know from the cypherpunks, the bitcoin developers, and various Austrian economists. We're all still right in the middle of the cypherpunk plans of decentralization; they'd been working on decentralizing money since around 1990 and now that we've got money down, personal identity is next on the menu.
Here's the exciting thing though; it took from the 1950's until 1991 to get private key encryption down for useful secure communications... From then until 2009 to get decentralized money mastered... But with the explosion of developer talent & VC funding that bitcoin has brought in, it's orders of magnitude faster now to achieve these discoveries! It's only going to take a very few short years to get the rest of the stages of the struggle all taken care of... We'll have Identity and decentralized markets both nailed down solid this year, and by next year some truly big changes can start occurring.
I could see the assasination markets taking off quickly once the governments start fighting back against bitcoin... But maybe before that gets hairy the governments themselves will fail to have anything left to offer society because free market versions of all government services will be freely available with no bureaucracy left in them anymore. Who would agree to pay taxes anymore for a bundle of services that isn't at all useful?
I do not believe in utopia at all. It's an impossible concept because of the nature of man. Power will always corrupt, greed will always be present (and useful) we'll always lust, be lazy, all the things humans do today... We just won't let each other have the means to pool all our destructive power together anymore in the way we've been doing throughout history.
We will have far more leisure time of course because of our newfound ability to keep all of what we earn; Right now americans are sending 40%-80% of everything they earn all year to governments who waste it or use it against them. Once you take inefficiencies that big out of the system, all kinds of great things can happen with that money from charity to interstellar exploration to curing diseases and so on... Or maybe just increasing the quality of life... But it won't be utopia... It'll just be Free.
