Member Info for goldgnome

Cryptos are a bit like the Junior Exploration space. Some have little interest in discovering anything, minute capacity to discover anything, just bank the fees and enjoy the lunches and perhaps they will get lucky some day somewhere...

some cryptos are well intentioned and constructed, ..etc...will survive, and hopefully the middlemen influence (banks of various flavors) will be reduced ...others will just burn out when the music stops

The gamesmanship in the crypto space, makes the Dutch tulip saga of years gone by, look a well managed affair.

Down in the bowels of the crypto world where sh.tcoins exist, there’s a Wild West feel that is frightening (if not energizing for most). It’s hard not to believe that many of these coins are being created very quickly, with no purpose other than pushing their price up so the first few in the door make money. Lets not mention the non alignment of the value of a "coin" versus the values in society.

But the comparison isn’t quite right. Yes, the last investors to buy these sh.tcoins will be the ultimate losers when the music stops – just like in a Ponzi scheme. And it will stop! But where Ponzi scheme promoters tend to keep this fact a secret, the sh.tcoin phenomenon seems based on getting in, pumping the price and then getting out.

...everyone knows it’s a Ponzi scheme – and is prepared to invest anyway because the big potential returns on offer make it worth it... skill for investors is picking the crypto coin that’s going to get hot and then jumping to the next one at the right time...what a game to play and get the adrenalin pumping.

...plenty of players willing to chase big wins, and even influencers promoting what they are betting on. No conflict there of course?

What's going to happen when the house of cards collapses, where will the money go. My bet is a good portion will find gold or more worthwhile pursuit

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the gnome

Anybody got any insights into the nose dive of the CEY SP at the end of the day, possibly last trade of the day.

Could be some novice, or something else?
Made me think for a minute of a person who consistently put the last days trade through such that the SP of company X
was always up on the day. So he established "solid upward momentum". Problems was it was v obvious. Quick check on ownership of the trades in question. Then into the courts and off he went for a little spell in jail.

Sure that is probably not happening on the good ol' LSE, but the last trade did look an oddity against the momentum of the day, and the POG

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the gnome

Just in case you have missed these
https://www.youtube.com/watch?v=sTKObw_-OBY

and from 38.5m

https://www.youtube.com/watch?v=J99fm7ssGIc

we live in interesting times
the gnome

I will side with you on your sentiment Sotolo! Mr T, if you are reading, have a look at the below link..

https://www.youtube.com/watch?v=6dVQ8gzp7No

Lets get on with it!

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the gnome

https://www.youtube.com/watch?v=coEczdF1nGo

Have just embarked on reading MORE by Philip Coggan, which is an excellent read, and a great attempt to chart the rise of human financial systems since the dawn of man

Made me look at some of his other work
Many of you might have seen this, but if not worth a read, about the City of London, and its inner workings. What a marvelous city it is, a world on its own.

https://www.amazon.com/Money-Machine-How-City-Works-ebook/

In between foot matches, I would suggest his excellent articles below, and his commentary on the magnificence of the current economic policies is insightful.
https://www.prospectmagazine.co.uk/magazine/does-government-debt-matter-any-more-austerity-deficit-spending-borrowing

Deficit, who cares?

Proponents of a fashionable (on the left, at least) economic doctrine known as modern monetary theory (MMT) urge a more radical reimagining of what deficits mean. They argue that the conventional explanation of how government finance works is wrong. Traditionally, the view has been that governments raise money in taxes and use the funds to pay for spending, borrowing to cover the difference. But MMTers say that a government that can issue its own currency can simply create the money it needs to pay for its spending. The aim of taxes is not to fund the spending but to offset the inflationary consequences of the demand that government spending may create. Provided there are no signs of inflation, a government deficit doesn’t matter. There is no need to worry about the government defaulting on its debt, since the government can create new money to pay its creditors.

Critics of MMT, including some on the left like Paul Krugman, worry that allowing politicians to create their own revenues would be like putting a drunk in charge of the liquor cabinet.

Larry Summers, a veteran of the Clinton and Obama administrations, describes the current approach as the worst macroeconomic policy in 40 years.

So we will see how things will end up

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the gnome

I wouldn't be picking Cote I'Voire as the most stable of places! Gbagbao is now back in country, and has some scores to settle. Outtara at 79 years old, was mentored by Houphouët-Boigny, the latter making so much money (lets not ask too many questions how he made it), he could build the largest church in the world, in what was his ancestral village (Yamasoukro) having surpassed the previous record holder, St. Peter's Basilica, upon completion!!??? No one uses it much, but that's not the point.
https://en.wikipedia.org/wiki/Basilica_of_Our_Lady_of_Peace
The beginnings of their political clash (Gbagbao v Outtara) date back to the early 1990s. Ouattara, then prime minister under Félix Houphouët-Boigny, and Bédié, the leader of the country’s lower house of parliament, the National Assembly, banded together for the first time to prevent Gbagbo, Houphouët-Boigny’s only formidable opponent, from winning the presidency.

In February 1992, in the wake of a brutally dispersed demonstration, Gbagbo was arrested and held in prison for eight months – an experience he would never forget.

In 1993, Houphouët-Boigny’s death spurred a new showdown, this time between Bédié and Ouattara. Bédié became president, while Ouattara was forced out of his role as prime minister, but many PDCI party members followed him out the door.
With Ouattara and Bédié barred from running in the 2000 election, Gbagbo came out the winner. His break with Ouattara, against the backdrop of a dubious controversy over the latter’s “Ivorianness”, was complete (expect to this to crop up again, as well as his allegiances tot he French - Franca-Afrique).
Then we had the breakdown of civil society in 2011 due to Gbagbao's refusal to accept the results of the election which put Ouattara in power. Then his imprisonment, and the appearance in the International Criminal court of Justice.

After vilifying Gbagbo over the years, Ouattara is now infatuated with him!? Just like Guillaume Soro, Côte d’Ivoire’s own Janus: Mahatma Gandhi by day, Machiavelli by night, Ouattara’s former apostle has become a disciple of Bédié and “comrade” Laurent, though Gbagbo is not very fond of him.
Believing to be legally able to run for the presidential election of October 2020 after his first two five-year terms, Alassane Ouattara repeatedly affirms his intention not to run for president again, conditioning however this withdrawal to the non-participation of former presidents Laurent Gbagbo and Henri Konan Bédié (??).

And they think this is the grounds for stability. Laughable analysis by Endeavour. Burkina is much more stable, the Mossi Kingdom has run the country for the last 700 years, they have clear majority.
Rule 1: Don't pretend you know what you don't in West Africa.
Rule 2. Never assume anything, constantly.
good luck
the Gnome

Gavin Andresen
Satoshi handed the Bitcoin project over to Gavin when he left in 2011. This makes Gavin a potential Satoshi in some people’s eyes.
Gavin’s writing has been deemed a very close match to Satoshi’s too. A process called Stylometry caught Harry Potter author J. K. Rowling trying to write under a pen name. The same process analyzed Gavin’s work and found that he could be Satoshi. I’m not convinced.

The Bit Gold founder
The closest thing to Bitcoin ever created is Bit Gold. The creation came from a man named Nick Szabo.

Nick said in 2008 that he was planning on releasing a live version of Bit Gold. On the 31st of October 2008 the Bitcoin White Paper was released to the world and laid out how it would work. On the 3rd of January 2009 the Bitcoin network began. The timing seems way too coincidental.

If you read all of Nick’s early blog posts you can see a lot of similarity with the way Satoshi writes. “Unforgeable costliness” is one phrase Nick said that shows a remarkable resemblance to Satoshi.

In the Bitcoin White Paper written by Satoshi, there is one piece of the puzzle left out: references to Bit Gold. Some say this is deliberate to hide Nick’s identity as the real Satoshi. After all my research I believe Nick Szabo is most likely to be Satoshi Nakamoto.

Satoshi’s final message tells us a lot
I wish you wouldn’t keep talking about me as a mysterious shadowy figure, the press just turns that into a pirate currency angle.

Maybe instead make it about the open source project and give more credit to your dev contributors; it helps motivate them.

The 5-Word return of Satoshi
Satoshi disappeared in 2011. It’s not widely known, but I found through my research that he reappeared in 2014 for a few seconds.

I am not Dorian Nakamoto.

Dorian’s life was being torn apart after being revealed as Satoshi. The real Satoshi clearly has a heart that transcends the idea of money and economics.

The clue to Satoshi’s identity
The first block (list) of transactions ever to be mined (verified) is known as the Genesis Block. Within a block of Bitcoin transactions a message can be left. Satoshi famously left this message on the first-ever block.

The Bitcoin community widely believes this to be Satoshi’s unofficial mission statement. He clearly was unhappy with the collapse of the financial system in the global financial crisis. Bitcoin was Satoshi’s answer to governments creating money out of thin air as a form of tax. Bitcoin removes the middle man, and enables the transfer of value to occur through a decentralized network protected by code.

The theory that keeps people guessing
There is one final theory: Satoshi Nakamoto is a group of people.

Michael Chon in 2017, backed up with analysis that “Nick Szabo is linguistically similar to Satoshi who had written the Bitcoin paper and Ian Grigg is linguistically similar to Satoshi who had exchanged the emails.” Maybe Satoshi is ...

Great that golds off for a spurt again. Bitcoin spurted the wrong way . Some light reading for some

I solemnly swear I will not marry Satoshi Nakamoto if he’s found.

Although I’ve been curious about him for years. Satoshi is credited for writing the Bitcoin White Paper that forever changed the way we think about money. The idea has even led China to create its own digital currency. Bitcoin has already succeeded. Don’t believe me? Look at this graph below. It shows companies and assets ranked by their total market cap. Bitcoin is bigger than Facebook or Tesla. Let that sink in. The trouble with Bitcoin is we don’t know who created it. It’s an unsolved mystery that millions of people would love to have answered. People love Satoshi, not because of the new form of asset class he created, but for his philosophical views about economics. Satoshi changed the narrative from centralization back to decentralization (the origins of the internet). It’s important to know that those who worked on Bitcoin in the early days would prefer that the creator remained anonymous, so often they alter stories of who Satoshi is when they feel the world is getting too close to knowing.
So, I’m going to tell you who could be Satoshi. Then I’m going to tell you who I think Satoshi is based on my own research.

The cryogenically frozen man
The most interesting person who could have been Satoshi is Hal Finney. He died in 2014 and decided to become the 128th person to be cryogenically frozen by the Alcor Organization.
Cryogenics is completely unproven. One article I read about it, suggested cryogenics is nothing more than having hope for the future. The idea we may be able to help frozen bodies come alive again is an interesting idea.
In a way, I secretly hope Hal was Satoshi. Having a frozen man come alive again in a hundred years to claim he is the Bitcoin founder, and to unlock Satoshi’s not-so-secret stash of coins would be cool. A frozen Satoshi is the stuff of science fiction and, who doesn’t love a good Star Wars film?
Hal is often thought of to be Satoshi because he received the first-ever Bitcoin transaction in history of ten coins. The idea Satoshi could have sent the coins to himself is an interesting idea. It seems dumb to me that Satoshi would do that as he knew concealing his identity was key to his project’s success.
Satoshi wrote about 80,000 words before he disappeared off the face of the earth in 2011. Many of his articles have been analyzed. One firm, Juola & Associates, claims Hal’s writing style is the closest to Satoshi’s.

Dorian Nakamoto

A man who lives two blocks away from where Hal Finney once lived has the name Dorian Satoshi Nakamoto. In 2014, he was exposed as being the real Satoshi. It nearly ruined his life.
He claimed he wasn’t. Bitcoin romantics were in love with the idea he was.

stray tuned

One to watch for the goldies. One question is why would one have faith in the Central Banks?
Markets are losing faith in central banks
Bond vigilantes may stop believing the US central bank’s assurances that inflation is under control and take matters into their own hands.

The US is engaged in an astonishing monetary experiment. The Federal Reserve is still conducting quantitative easing even as the rate of headline inflation hit 4.2 per cent.

Core inflation has risen to a 25-year high of 3 per cent, recording the biggest jump in a single month since 1981. Factory gate inflation has been running at a 7.1 per cent annual growth rate over the past six months, even before full reopening.

The misinformation and jitters in the market, coupled with loss of social capital (yes, even central banks are meant to have this) and faith in Central Banks is a concern

good luck all
the gnome

The new focus of the government budgets are on provision of full employment (watch the small print). It seems any government. Sounds appealing and hence it appeals, its popular. One can even get re-elected for such magnificent gestural use of the tax payers money. ... and it seems to be such a worthy cause that we can all relax as mountains of debt are stacked up. With the gigantic jumps in debt, comes the other horsemen, ... who uses and manages the debt, and for what purpose. It's obvious. It's to create more employment (the recovery is so good, we need to somehow pass on gigantic mountains of debt to the next generation. Buy now, pay later! )

But if one adds a time watch, the history of governments being able to do things more efficiently and effectively than private industry is debatable. The history of governments spending such large amounts so quickly to create sustainable benefit to society is abysmal.

But that's where we seem today?

But what else happened in the last 24 hours?
The next big thing....Nano is up 24.42% in the last 24 hours. The current CoinMarketCap ranking is #85, with a live market cap of $1,496,101,610 USD (close to CEY?) . It has a circulating supply of 133,248,297 NANO coins and a max. supply of 133,248,298 NANO coins.

What Is Nano (NANO)? Billed as "digital money for the modern world," Nano is a lightweight cryptocurrency that is designed to facilitate secure, practically instant payments, without fees, and addresses some of the major limitations of both legacy financial infrastructure, and many modern cryptocurrencies.

Go for it guys

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the gnome

Indeed Mr T.

It does make me wonder why the UK persist with what surely must be a flawed electoral system and process, that serves up such duds as Boris. Not to mention the poodle Blair, and the list is long! And then they go on pensions when their deeds are done or the populace finally wakes up? One of the many wonders of the civilized world?

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the gnome

There is nothing wrong with a good bit of civil unrest, and even a bit of blood on the streets, tallyho!

It can't be worse than the gradual death of any sensibility, and having to swoon and swelter under the "guidance" of Boris.

I am sure we could get some obliging West Africans to show you the way. Loved the work of the Burkinabe's in the 2014 coup d'état, that got rid of the President of 27 years, the same man who reportedly had a lead in the assassination's of his best friend, Thomas Sankara (the previous President).
For an interesting insight of recent, please have a look at
https://itunes.apple.com/us/movie/the-upright-women/id1562724159?ls=1

Perhaps it might be up tot he women to organize the reset?

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the gnome

There is nothing wrong with a good bit of civil unrest, and even a bit of blood on the streets, tallyho!

It camnt be worse than the gradual death of any sensibility, and having to swoon and swelter under the "guidance" of Boris

A little shocked to learn there were no questions submitted prior to the AGM or online during the AGM. Does suggest we are either all happy campers, or all asleep at the wheel, or have grip on the wrong wheel.

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the gnome

Looks like you cannot rely on the LBMA. I hope there is not a conflict of interest running in the background. I do wonder about the QA/QC process they are running.

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the gnome

The brokers get paid every time they sell or buy on behalf of a client. The more rash predictions from the analysts the more sells and buys, and the more $ for the brokers and their friends, the analysts. Funny about that.

Go the Scots

And then the Irish!

Life is what you make of it. Boris seems to be another face of BS

Go gold

Whether a NED invests or not, is up to the NED

Whether a NED of company X wants to become a A Participant and SUPPORTIVE NED, is up to the prospective NED. A lot of NEDS look at their personal cash flow....A lot of the NEDS go to sleep at the wheel, which is in fact why they were chosen in the first place.

More than ever, it seems.. NED's are appointed on basis of gender balance, social diversity or a host of other things. Not a lot to do with the business....

Just a general comment in passing