He's been calling for sub $1000 gold for 10 years...his number used to be $700. Don't listen to him - he is expecting deflation instead of inflation, which is already here.
BitCON getting slaughtered, down 15% today so far. Story: Bitcoin Crashes As Much As 15% Amid Unsubstantiated Report Of Money Laundering Crackdown | ZeroHedge
Comments are worth the read also.
Sort of - it wasn't the classic definition (software) but it can be applied to anything that is promoted and marketed but not actually produced like BitCON which is produced, but not in a tangible sense. Have you ever heard the statement "If you can't stand over it with a rifle, you don't own it"?