Damn you know.. i feel this should be behind some sort of Quark 80's style pay wall
: D
So today I have some interesting information for you.
Some things that seem to "baffle" people can be easily explained with a little logic and an understanding of decentralized economics.
This is not going to be just about Quark, this is about probabilities and i hope to explain some helpful information.
There has been talk about how Larry Summers is involving himself in Bitcoin:
Here are some News stories on that :
NY times (of course) http://dealbook.nytimes.com/2015/02/12/larry-summers-likes-the-idea-of-bitcoin/?_r=1
Then there is this:
Larry Summers and Swiss Bitcoin Hoards http://ftalphaville.ft.com/2015/05/27/2130503/summers-and-swiss-bitcoin-hoards/
"The FT’s Richard Waters reports that Larry Summers, former US treasury secretary and secular stagnation theorist, is to form part of the advisory board at Xapo, a Silicon Valley Bitcoin start-up specialising in deep cold storage of bitcoins in Swiss vaults and the issuance of bitcoin debit cards."
Lets explain:
Larry has a history of "Silver and Gold" among other things, now for those that are not fully CC "Educated" "Cold Storage" is basically a method in which you turn the section of the BlockChain the "access" to is into a physical product.
So for example the "key" that unlocks the "crypto" on the Block-Chain is super secretly generated then it is represented physically only like on a piece of fancy paper.
Then put in a vault.
interesting.
Lets jump into Larry's mind ( i can read minds you know) (sometimes at a distance)
Summer time for Digital Gold
This "Digital Key" represented physically will be treated as "Digital Gold"
Then this set up will be a quasi "digital gold" standard.
then just apply all the other aspect of a Gold standard to that.
for example they will then intend to issue "Digital Debt" off this "Digital Gold"
OK I'm here to tell you I'm fine with that.
but here is where it gets interesting:
After this jostling occurred and these deals were done, just recently there was a broad "buy in" of alternatives:
basically the "old guard" of respectable alternatives rose:
We had:
basically all the none scams and losers were totally up.
clearly someone educated in crypto purchased a broad base of alternatives.
hmm why?
well, lets do some 1+1
If Bitcoin is indeed going to be at least pushed as the "Digital Gold" this only means bad things for obviously paper money.
it also means Real Gold may not have the huge bump everyone is expecting.
I'm not here to say that the wheels will fall off the "Digital Gold" train (at least not in the short term.
but what I AM saying is I think these guys that have had this "inside info" are also hedging as they understand that in that scenario all of the "quality" Crypto will be dragged up.
And this recent spike is a good indication of which ones will be going with it.
The "Infinitecoin" vector
What i find really interesting is the field of the Crypto that rose.
Infinite-coin came out of nowhere but what Vectors and parameters does Infinite coin have?
Very similar to Quark with a EQ reward, i.e These Crypto are seen as "stable"
IN FACT
i'm here to tell you that the market is working lets look at the field of what got pushed up:
the only one that doesn't and got bumped was "Litecoin"
but here is some psychology - as everyone terms "Litecoin" as Bitcoin's "Silver" So in this scenario it's definitely worth the buy as a hedge.
I'm here to tell you that if you are reading this, i'm giving you the news before it is news i.e paper money still has value and all these crypto I mentioned are still at low (very low) prices.
so i say as i said before - keep an eye on what bumped recently and just let the market settle and slowly throw a little but here and there into the Quality.
this is what i will be doing.
Not becasue i want to be "rich" just becasue i want to be "correct"
do i think "Digital Gold" will be successful, I can't say, to be honest I'm very doubtful in the long term, especially associated with debt.
however do i think that matters?
nope.
do i want them to try?
yes why not.
change always moves us forward.