Articles NewsFlow Gold & Silver Prices Market Briefing

Recevez notre Marketbriefing

stew temby
Member since May 2012
4 commentaries -

0 followers

has posted a comment on the article :

Bitcoin’s Inconvenient Truths: The Silence Is Deafening - Dave Kranzler

- Dave Kranzler - Sprott Money

Dave I agree with your analysis but there are a maybe a couple of outstanding differences. First, the BTC community may reject the derivative rig causing massive losses to the establishment (it is plausible the massive run up in price has been caused by JPM/GS etc buying in advance of the derivative contract commencing). The BTC community may turn around and say "BTC is dead, its now Potcoin" or something similar. Which clearly is a plank in your store of value argument. The other point being the Au/Ag derivative rig works because the main players control the bullion market which is not the case for BTC. No one controls/owns that market so how could a derivative be used as WMD in this case?

Commented 2336 days ago

Send

Beginning of the headline :Gold is instantly and optically recognizable as money. You don’t have to explain it. Bitcoin and Special Drawing Rights (SDR), like a bad joke, have to be explained. Many “cryptologists” from the start gave up trying to explain Bitcoin and just sell it as virtual gold, which is de facto fake gold. – Dan Popescu, investment consultant Numerous inconvenient truths are conveniently ignored by Bitcoin/cryptocurrency promoters. Not the least of which is that the fact that the original concept... Read More

Reply to this comment

You must be logged in to comment an article

8000 characters max.

	RSS feed		24hGold Mobile
	Gold Data Center		Gold & Silver Converter
	Gold coins on eBay		Silver coins on eBay
	Technical Analysis		Fundamental Analysis