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Martlet

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Reputation Activity

  1. Like
    Martlet got a reaction from vand in Thoughts on Bitcoin, PMs, Bubbles and fundamentals   
    It's about right on money.  It is highly speculative.  I read Bitcointalk and most the people dont have a clue what they are really "investing" in, they are just looking for something that will go x10, x100.
  2. Like
    Martlet got a reaction from PansPurse in Thoughts on Bitcoin, PMs, Bubbles and fundamentals   
    The trouble is that each stage of production requires manual real world certification.  All the blockchain can do is record what was input, if you dont trust the input, then nothing can change;  if you trust the input the blockchain isn't necessary and you can use existing simpler database systems.  There is a requirement for pharmaceuticals to implement this in the EU.
  3. Like
    Martlet got a reaction from PansPurse in Thoughts on Bitcoin, PMs, Bubbles and fundamentals   
    The trouble is that each stage of production requires manual real world certification.  All the blockchain can do is record what was input, if you dont trust the input, then nothing can change;  if you trust the input the blockchain isn't necessary and you can use existing simpler database systems.  There is a requirement for pharmaceuticals to implement this in the EU.
  4. Like
    Martlet reacted to Jay2 in **January 2018** Group order from European Mint!   
     
    Looks like this coin is their numismatic grandmother. 
  5. Haha
    Martlet reacted to Roy in £250 a month...   
    I clicked 1: Savings account before I read that it was for an emergency fund.
    So I suggest 4: Cash at home (I'm assuming your current bank account is healthy ).
    And here's where one has to define 'emergency fund'.
    Cash will solve most problems instantly, whether it'll be a plumber, sparky, vehicle repair or recovery bill.
    A hard up mate, an emergency taxi call or maybe a take away delivery. Let's not forgot Joe the Pole turning up with some moody gear that you just can't turn down....cash only my friend 
     
    Don't worry too much about where to keep it. Cash is easy to conceal in a thousand different places. I usually recommend the fridge but after a great deal of research and consulting the industry professionals it came to me. Where is the best place to store cash in case of a fire? 
     

     
     
  6. Like
    Martlet reacted to 999magnum in 2017 Isle of Man Noble Reverse Proof   
    The more I look at this coin, the better I feel. What do you guys think?

    And the proof version which will be out in February as a set with the reverse proof. No mention of it being sold by itself at apmex.

     
  7. Like
    Martlet reacted to metallica73 in Today I Received   
    My first of any QB series... from Silvergoldbull, paid for with LTC

  8. Like
    Martlet got a reaction from Jay2 in Former builder 20, quit his job and now makes up to £70,000-a-year selling rare COINS on eBay   
    Dunno, rooting through bags of coins day after day, then dealing with ebay every day, sounds like work to me.
  9. Like
    Martlet got a reaction from Jay2 in Former builder 20, quit his job and now makes up to £70,000-a-year selling rare COINS on eBay   
    Dunno, rooting through bags of coins day after day, then dealing with ebay every day, sounds like work to me.
  10. Like
    Martlet got a reaction from kimchi in Royal Mint - Crypto Gold   
    RMG looks like a marketing ploy to repackage the RM Signature service.capitalising the popularity of cryptos.  The only difference and advantage I see is there apparently isn't any storage fees.  This maybe because there is no actual gold being held.  After all its in partnership with CME and they note redeeming gold held will incur fees for fabrication and delivery. 
    Generally I dont see the point of physical asset backed cryptos, as its contradiction and potentially deceitful.  You must trust the the organisation is really holding the assets claimed to be on the blockchain, when the whole point of cryptocurrencies is to remove trust in other party and onto the maths of cryptography.  I wouldn't accuse the RMG scheme of being dishonest but there is a lot of scope for asset backed crypto to be fraudulent.  If you trust the issuing entity (such as RM or CME) you may hold a regular contract with them. 
  11. Thanks
    Martlet reacted to Bumble in Visa shut down bitcoin debit cards   
    From what I understand, this happened because the card issuer, WaveCrest, broke Visa's rules and so Visa ordered them to withdraw all their cards. Unfortunately for Bitpay, their non-US customer cards are issued by WaveCrest, so this hit them. They will have to find another card provider. Bitpay in the USA was unaffected.
  12. Like
    Martlet got a reaction from KDave in £Sterling My Thoughts 🤑   
    The increase supply has been of what the economists call M4 or broad money.  The effect on the economy is less than actually printing physical notes or lower types of money, so you need more of it to have an impact, and its been done to increase liquidity.  The economist work on an equation V=PQ/M, where V is the velocity of money (how much is moves around the economy), PQ is the GDP and M is the money supply.  If V reduces M or PQ must increase to balance, and in absence of short/medium term increase of PDQ (cant make the economy grow very quickly) policy favours increasing M.  To add, advantage of expanding M4 in the form of bond purchases, is thats its more controllable, the money can be removed from the supply more easily, you re-sell the bonds to soak up excess liquidity.
    Graph on this page shows that the increase in money supply has been low, despite the tens of billions pumped in through QE.  Had there been no QE there would have been no increase and very severe deflation/recession. 
    (Dont have a degree in economics either, but been following it for so long this stuff just sinks in eventually)
  13. Like
    Martlet got a reaction from BackyardBullion in **January 2018** Group order from European Mint!   
    Do you know if/when they'll be updating their stock?  Their selection is light in some areas and there's a lack of 2018 editions on the site currently.
  14. Like
    Martlet got a reaction from PansPurse in What will happen to gold if we go digital   
    Right, so what does the cryptocurrency bring to the party?  If we're going to trust a vault,  I'd rather trust the established vault operators and services than some upstart promising a new technological angle to and old established business.
  15. Like
    Martlet got a reaction from CosmikDebris in What will happen to gold if we go digital   
    Bitcoin is indeed limited, but this is a programming variable that could be changed.  Its unlikely, but if the core community (miners) came to consensus it would go through. 
    Cryptos are fiat because they are issued from nothing, with no intrinsic value (energy used is not intrinsic value, its a cost of production).  Their limits can be adjusted, blockchains forked to instantly double the amount of currency and new versions created by some developer team.  The only functional difference from conventional fiat is that the authority is a group of developers and core community, rather than a government.  It is decentralised and democratised through that authority, but that doesn't give it any intrinsic value. 
  16. Like
    Martlet got a reaction from kimchi in Selling a series   
    Its probably a mix.  QB lion already attract a considerable premium thats unlikely to go down (relative to others).  It must be easier to sell individual coins to collectors missing one or piecing the set from bargains, than trying to buy the set in one hit.  I know I've looked the Lunar 2 series and sets come up from time to time, I'm tempted then the total price puts it off.  
  17. Like
    Martlet got a reaction from kimchi in Selling a series   
    Its probably a mix.  QB lion already attract a considerable premium thats unlikely to go down (relative to others).  It must be easier to sell individual coins to collectors missing one or piecing the set from bargains, than trying to buy the set in one hit.  I know I've looked the Lunar 2 series and sets come up from time to time, I'm tempted then the total price puts it off.  
  18. Like
    Martlet got a reaction from PansPurse in stacking goals 2018   
    Keep it simple with collection/small stacks of QB, Rwanda designs and see what comes up.   Will also look at picking up QB in gold 1/4, though i'm trying to resist as i'll then have to collect the rest as they come out.
  19. Like
    Martlet got a reaction from CosmikDebris in What will happen to gold if we go digital   
    Bitcoin is indeed limited, but this is a programming variable that could be changed.  Its unlikely, but if the core community (miners) came to consensus it would go through. 
    Cryptos are fiat because they are issued from nothing, with no intrinsic value (energy used is not intrinsic value, its a cost of production).  Their limits can be adjusted, blockchains forked to instantly double the amount of currency and new versions created by some developer team.  The only functional difference from conventional fiat is that the authority is a group of developers and core community, rather than a government.  It is decentralised and democratised through that authority, but that doesn't give it any intrinsic value. 
  20. Like
    Martlet reacted to KDave in Digital 'Currencies' Are ALL A Scam   
    It doesn't matter how many times I try to convince myself these things are the future all I see is tulips. Its not the future. The technology, secure, trust based, byzantine all that good stuff, its great, but the token version that is crypto currency is at best trying to do things we don't need, and at worst a scam as per the article. What we could use is a platform to take all of the good things about ledger technology and base things on that, but not individual coins.
    We don't need coins, tokens, because from the start bitcoin and its copies have tried to solve a problem that doesn't exist - we already have digital currency its called visa, we have digital peer to peer payment systems already (paypal f&f ) and we already have digital store of wealth its called gold. You just buy a claim from a vault or ETF if you want the digital version.  
  21. Like
    Martlet got a reaction from kimchi in Royal Mint - Crypto Gold   
    RMG looks like a marketing ploy to repackage the RM Signature service.capitalising the popularity of cryptos.  The only difference and advantage I see is there apparently isn't any storage fees.  This maybe because there is no actual gold being held.  After all its in partnership with CME and they note redeeming gold held will incur fees for fabrication and delivery. 
    Generally I dont see the point of physical asset backed cryptos, as its contradiction and potentially deceitful.  You must trust the the organisation is really holding the assets claimed to be on the blockchain, when the whole point of cryptocurrencies is to remove trust in other party and onto the maths of cryptography.  I wouldn't accuse the RMG scheme of being dishonest but there is a lot of scope for asset backed crypto to be fraudulent.  If you trust the issuing entity (such as RM or CME) you may hold a regular contract with them. 
  22. Like
    Martlet got a reaction from kimchi in Royal Mint - Crypto Gold   
    RMG looks like a marketing ploy to repackage the RM Signature service.capitalising the popularity of cryptos.  The only difference and advantage I see is there apparently isn't any storage fees.  This maybe because there is no actual gold being held.  After all its in partnership with CME and they note redeeming gold held will incur fees for fabrication and delivery. 
    Generally I dont see the point of physical asset backed cryptos, as its contradiction and potentially deceitful.  You must trust the the organisation is really holding the assets claimed to be on the blockchain, when the whole point of cryptocurrencies is to remove trust in other party and onto the maths of cryptography.  I wouldn't accuse the RMG scheme of being dishonest but there is a lot of scope for asset backed crypto to be fraudulent.  If you trust the issuing entity (such as RM or CME) you may hold a regular contract with them. 
  23. Like
    Martlet got a reaction from kimchi in Royal Mint - Crypto Gold   
    RMG looks like a marketing ploy to repackage the RM Signature service.capitalising the popularity of cryptos.  The only difference and advantage I see is there apparently isn't any storage fees.  This maybe because there is no actual gold being held.  After all its in partnership with CME and they note redeeming gold held will incur fees for fabrication and delivery. 
    Generally I dont see the point of physical asset backed cryptos, as its contradiction and potentially deceitful.  You must trust the the organisation is really holding the assets claimed to be on the blockchain, when the whole point of cryptocurrencies is to remove trust in other party and onto the maths of cryptography.  I wouldn't accuse the RMG scheme of being dishonest but there is a lot of scope for asset backed crypto to be fraudulent.  If you trust the issuing entity (such as RM or CME) you may hold a regular contract with them. 
  24. Like
    Martlet got a reaction from savoyard in The authorities will be coming for your gold next   
    That's not the case, the link is quite explicit concerning cash movements in and out of the EU, not between EU countries.  Free movement of capital is a fundamental part of EU so there's no chance they'll be seizing gold or silver between say Belgium and UK under this adjustment.  Now when UK leaves the EU, that might become an issue, and we'd hope that the rules are copy/pasted otherwise they'll be no more buying VAT free silver (unless that becomes unnecessary with VAT free silver in UK).
  25. Like
    Martlet got a reaction from JohnAnsink in Newbie Question re Coin Choices   
    The Queen's Beasts would seem the natural fit, changing series and combining close to spot (for the new edition not earlier ones).