Those papers said before they could be exchanged for gold. Conveniently gold possession was forbidden for most part of the 20th century in the US after the crash of 29...

So those same worthless papers saying that they "could" be exchanged for gold, but actually making it imposible to do so, would do you no good. Will you trust the State to ever fulfill that promise? Do you really think they actually backed every single dollar with the amount of gold they said they did? Who was allowed to audit that? they wouldn't allow the natural urge of everyone to get rid of the useless papers for the gold; what makes you think they didn't also play fractional reserve? Most central banks do...

The current USD is more honest, its important that people know the USD can collapse tomorrow, they had enough time to move away from it. Its like bitcoin, so long at 9k, now it hit 11k. Why people didn't buy then, but think of buying AFTER it went up instead?

So try to understand the uselessness of a paper claiming to be gold, but its not the actual gold. Its a form of pegging backed by your trust into an institution. With Bitcoin you don't have to trust anybody, its price is honest, always.

When the USD collapses and brings down the world economy, then most people would remember they could have saved in Bitcoin instead. Same could be said for the other fiats, most are way too dependent on the USD. Pegging of any kind are bad, they depend on someone fulfilling a promise. You don't want to depend on a promise, same as politicians can make you poor overnight, they can also break their promise.

The Venezuelan bolivar was pegged to the USD in 2012 to about 4:1. 8 Years later its 25000000000:1. Never trust them your wealth.

Cuando sube no es tiempo de comprar, bastante tiempo tuvistes cuando estuvo tanto tiempo pegado en 9k... Si la gente se mete a comprar por miedo a quedar fuera (FOMO) producto de esta (mala) conseja, lo mas probable es que venga el "rebote" en sentido contrario. Mas bien ahora los trader están cazando el momento para vender...

Entre mas violenta es la movida hacia un lado, mas crece la posibilidad de irse para el otro. Por eso me gustaba el 9k. Si se queda en 10k mejor que haber llegado a 11k, claro la cosa puede seguir. pero si se queda quieto es mejor.

Con garantes de mutua confianza como hacen en inglés. La gente que quiere ofrecer cosas, debería publicarlas en la sección de servicios y designar una persona garante. Estos suelen recibir puntos de reputación, luego de cada transacción realizada exitosamente.

Es algo parecido a la reputación de Mercadolibre... Pero el dinero y el producto se le da a este intermediario y luego este a sus destinatarios.

Definitivamente paja mental. Lo que ChiNgadOr no agarra es que no puedes vender 12 millones en un instante, que aunque tengas todos los bitcoin y los pongas a la venta, el precio va caer gradualmente y no de porrazo como insinúan los expertos de la especulación con las gráficas. Sencillamente no te va ejecutar de golpe la venta, así de simple y mucho antes que la totalidad se venda, el precio habrá bajado tanto y se haría tan atractivo, que la presión de compra la sobrepasa.

Es por eso que siempre he refutado esa teoría tonta de que es posible que se junten los grandes poderes para comprar todos los bitcoin e intentarlos vender, con dinero impreso, claro... Además, cuantos bitcoin no están en manos de gente que no le importa vender?

Y si se piensan que PoS es el camino, pues que les vaya bien (al área de altcoins), los veremos pronto...

Still waiting for you to remove the automated ban for the only proper (written from scratch open source) replacement cgminer ever had for the S9. That, or write your own kanominer we could easily drop in instead... But i guess its easier to stick to the bmminer tyranny which you love so much because you are too busy to audit someone else code since you don't trust the people who wrote it.

Surely you could find flaws in bosminer and expose its risks too?, rather than act on a whim banning for something they might have done 5 years ago in a totally unrelated project, which is their pool which happens to currently measure hash rate in the exa hash range as opposed to yours which for your own aesthetic reason, decided to measure in tera hash when its currently just about 8 peta hashes per second.

Even with your technically superior software and infrastructure, they flock to Chinese pools that eat their transaction fees away and probably even "lose" more blocks. Laurentia is nothing, i don't even see why you bother talking about them, why do you even care they use ckpool? Angry they didn't use kanopool you don't even bother to keep updated on github instead? Or are you afraid Biffa and canaan would leave your pool taking 25% of your entire hashrate to them? I don't think so...

The conditions to enter Laurentia are ridiculous to begin with, its trying to be an exclusive club for miner "whales", and those whales love their Chinese pps pools too much to bother with obscure pools to begin with. Just leave them be and be more productive rather than a not so subtle advertising thread in the forum you dislike so much but yet refuse to sponsor a signature campaign with that fortune of yours or your whale miners who would directly benefit from the increased hash rate you desperately need before going the way of ck's pool before its last swan song of finding a block right after another at 6% in the middle of your not so lucky beginning of 2020. But duh, luck is luck, it cannot be helped, and he didn't bother banning rentals or "dubious" firmware either...

Only last year it was his at 8 PH. How is a block per year sounding for Kano's pool? As mining becomes less and less profitable, so do the pools, and they will also shrink (and or close). We will see if you succumb or not to the temptation of just quit and close when you go under the peta hash per second mark. Can you even justify maintaining that infrastructure of yours? Just how many miners are in Singapore anyway? most of your nodes belong to countries with expensive electricity unsuitable for mining, so you have fast nodes to nowhere, cool i guess.

My country, one of the few where mass S9 mining still occurs post halving, has no node of yours. And probably never will, when you learn we don't even have an IXP and the best link here won't ever get under 150ms (and would go to US east anyway). Unless Elon Musk's Starlink becomes available here with its 20ms world coverage promise...

Now stop ranting about how superior your pool is, how inferior all other pools are, and get that code update you promised.

There is no truer truth than this. Its amazing how many decades of the same have passed, and people still think there is nothing wrong with certain operating system being always a malware nest. As if a bunch of antivirus would solve the problem.

Hint: McAfee became known to the IT world for his MSDOS antivirus in the late 80ies. Its been THAT long, i clearly remember printing the WHOLE list of viruses the tool could remove: 11.

Have you learn anything yet? Go Linux and say goodbye to malware already...

Many countries? Its no more than 15, 16 if you want to count Russia. Not sure if Bangladesh was or not in the original count, check wikipedia if in doubt.

The world has about 200 countries, even 20 isn't even a 10% of them. Hardly "many", more like, very few countries have.

The concept of evil entered the Abrahamic faith when they were exiled to Babylon and entered in contact with the teachings of Zarathustra from Persian people. Little know fact is Zoroastrism added this concept to Judaism, and their derivatives Christians and Muslims.

I'm not saying they are right or wrong, but the extremism of some is incredibly stupid, and all man made (ie. all the Christian and Muslim denominations, even Judaism has those).

The absolute truth is not inside your little human mind, so stop that arrogance and start looking at the common teachings of all faiths for way to enrich yourself rather than hate others.

And those that don't fly themselves can also be remote controlled. Or how do you think UAVs work?

The main problem is making sure the sensors don't feed the wrong data. Many accidents have occurred due to this problem, as much as you think a human is nice, certain planes override the human when it thinks the human is in error, when in reality its the other way around.

So after this sensor issue is solved, AI can simply fly the things better. In a way, its similar to autonomous driving of vehicles. Yes, you can have a car drive itself with a single camera, but its so much better and safer when it has several cameras, lidar, etc. Same with planes, in a higher order of magnitude, of course.

The German wings wasn't the only case, there is also that plane in Asia months in mystery, the debt ridden pilot having decided to "suicide". So yeah, humans are great when they don't go crazy. And computers are great when they get good redundant sensors.

If all cars drove themselves, car accidents could be a thing of the past. In fact, traffic lights would no longer be required. A perfect human driving a bus, can suddenly get a heart stroke and make everyone die. I lost a friend that exact way. If the bus drove by itself, such would have never happened.

Of course getting there isn't easy, but not impossible. Human driving and piloting could be a thing of the past, especially for passengers. Even space rockets move by themselves for the most part, humans relegated to mere system operators in case something happens.

Never say never, but expect it to take longer every time, and you'll probably hit it.

Well, that is, if the thing your are measuring value with, doesn't collapse on its own...

Perhaps you could measure it with, cans of tuna, or something more reliable than fiat currency...

I like how bitcoin isn't moving up much slowly recently. The slower it moves, the better. big movements only lead to big corrections.

Call it "sideways" if you like, i like sideways, means maturity.

Its one of the stupidest things you could imagine, but I'm not surprised. Putin wants his own crypto...

Of course, this means that "possession" in theory isn't illegal, But people doing transactions would need to be more careful, and preferably cover their tracks pretty much the same way as if they banned it altogether.

Until all the old fools leave, the politicians will always find ways to make everyone's lives miserable. Removing the idea that the State can intervene the money at anytime, is fundamental to stop them outlawing the very thing that could save everything.

But as i have always said: Any country that bans Bitcoin, simply is banning wealth that goes around to their neighbors. Let Putin drown with his own unwanted coin while the wealth of bitcoin flows elsewhere.

Drugs? Laundering? 10 years and they are still using those silly arguments? As if their mafias didn't use their fiat money (Rubles or whatever its called).

The thing is, gold is physical; and this has many drawbacks. Even if not a single new gram of gold is ever found again (which i doubt, the universe is infinite).

So it gets heavy, it occupies volume, it needs to be heavily guarded, it could be confiscated (as America's history teaches us), etc.

You could argue that Bitcoin is better than gold. In fact i believe so myself. Of course gold doesn't need power or communications at all, so that is that. And since the ancient world, humanity has used it as means of wealth.

Of course most people don't even "own" gold, but some form of paper that says they do... Not unlike what gave origin to fiat. And that is even worse. Some people wish the gold backed dollar returned, but that is actually bad. Its good that your fiat isn't backed on anything, so that you can easily appreciate its volatility. Unless the coin itself is made of gold, its garbage; nothing more than a peg perhaps backed by your trust to an entity, usually the State...

With Bitcoin, there is no need to trust anyone, and its not pegged, that makes it even more valuable than some paper stating it some amount of gold, a "promise" that would need to be fulfilled by someone...

Use Electrum to make your cold wallet, which are those 12 words written by hand on paper. That's the best in my opinion.

For smaller amounts, you could use one of those gadgets, or a secure computer/mobile. Do not think of storing flash memory somewhere thinking that works, flash memory tends to lose its data over time when stored unplugged, so don't.

I keep telling people those hardware wallets are a really bad choice for cold storage, or an usb thumbdrive; just don't. If you are scared of the 12 words, be creative hiding them, could be a book or something. And remember to always have two physical copies in separate secure places.

Of course you could use core, if you live in a nice place with unlimited and fast internet, downloading the whole blockchain shouldn't be a problem. Too bad there are still places in this world like my country with garbage metered, capped, slow and unreliable links.

As we have already discussed many times in off topic and elsewhere, Bitcoin is ill suited, if not unable, to work beyond Earth unless current limitations in communications above the speed of light are solved. One way this could happen is with quantum entanglement.

But until such a thing is done, even Mars isn't doable. The "ping" to Mars is about 40 minutes at worst, and there could be disruption if the Sun gets in the way which would necessitate the use of relay adding even more "lag".

Simply put, the blockchain would fork per planet. There is no way around it, the speed of light isn't fast enough for interplanetary communication within the Solar system, I'm not even going to bother going beyond that.

One of the infamous memes about Bitcoin is going to the moon, but even the moon is troublesome. To the moon the lag is only a few seconds, your ping would be 4000 or such...

This problem is serious even without messing with Bitcoin or blockchain. Indeed this problem is faced by the remote controlled probes we have been sending to Mars.

And, this is before calculating the time dilation. Remember, time is relative everywhere. All you need is a couple of points moving at different speeds, such as: two different planets. It even happens from Earth to the GPS satellites, but at a very minuscule (but not zero) scale. The astronauts at the International Space Station are already in a slightly different time, its so tiny people can't tell, but the farther away you go (and the relative speeds of the two objects) the more this occurs.

To me its incredible how was Einstein able to predict this without zero way of proving it, only NASA did decades after his death. But yes, i understand how difficult this is to grasp for some people, and its not even quantum physics

Now it Mars is so troublesome, imagine a Jupiter satellite, or beyond. Should this problem not be solved, each planet/space colony/celestial object would simply have to use their own coin.

Well youtube is trigger happy for copyright infractions, infamously triggering several false positives; and yet they let those (stupid) scams using the names of famous people go on unmolested. They should all band together and sue Google the way they deserve it.

This is true in all forums (and email for that matter), the admin may read your "private" messages, i think here it even gives you a warning about it. If you want privacy, you have to communicate with other means or encrypt your messages.

And in most forums, making a second account is reason enough for getting banned.

Also if the forum is marxist rather than anarchist, they advocate for strong state surveillance (when they are in power) and even see anonymity as threat.

Unfortunately that can only be done by the pool operators. They are the ones that can see the IPs their miners connect from, and make an educated guess of their geographical location.

Of course not every pool is going to want to reveal (or even collect) this info. From a pure speculative point of view, find out where in the world electricity is cheaper, and that's where you'll likely find the large farms.

I remember an exploit that executed code just by looking at the email. If you are looking at it from a browser, its a browser flaw. If it was a a standalone email client, it was the client flaw.

Best client is the one that doesn't interpret html at all, that only displays text and doesn't try to interpret anything, that won't let you click at links either. Something like mutt

So yeah, it can get worse. MUCH worse. It depends a lot in what software you use, and the operating system.

There were also exploits involving the rendering of images, so just by trying to look at the attached image using the wrong OS, was enough. Its both funny and sad to see some of those returning again in Android and iOS.

Better switch to Free and Open Source software ASAP, it reduces the chances.

Eso lo que te da es idea de lo que valen los datos sustraídos, los bitcoin fueron adicional... Posiblemente el grupo perpetrador "empleó" a estos estafadores de poca monta para desviar la atención. No es claro como es la relación entre ambos (si realmente son varios)

Si existe complicidad interna o ingeniería social, o ambas pues Twitter podría actuar contra los involucrados de descubrirse quienes son. Pero castigar algunos empleados probablemente no va revertir el tremendo impacto del robo de los datos, que es el argumento que hacen todas las personas interesadas en la privacidad, todos los que objetan cosas como el KYC, porque aunque la empresa prometa no compartirlos, no impide que un tercero lo haga, con o sin permiso...

La respuesta a eso es muy sencilla, y ya existe: Aquellos que quieren multiplicar sus bitcoin, y están dispuestos a prestarlos con una tasa de interés. Bajo la banca con reserva al 100%, el préstamo existe, pero es por iniciativa del cliente. Similar a las cuentas de "plazo fijo". Y hay algo importante: Una vez prestado, está prestado, no lo puedes tocar; hasta que se termine el plazo o se ejecute la garantía en caso de problemas, lo que ocurra primero.

Entonces si hay demanda de prestamos, habrá ofertantes dispuestos a arriesgar su dinero. El banco solo va a intermediar, y ayudar a que se encuentren unos con otros posiblemente hacer de garante. Algunos exchange están haciendo exactamente eso, por eso he propuesto en otras oportunidades, que la banca futura debe mirar los exchange, o son estos quienes los terminarán reemplazando a ellos por completo; a pesar de que el intercambio de monedas es una transición.

Es indudable, que hay demasiada banca. Existen por lo artificial del sistema, es que si se legaliza un ponzi, ¿como no van a querer participar de el? Pero bajo la futura economía austríaca, la banca inevitablemente ha de encogerse. Sencillamente no hacen "tanta" falta, como bien dices, se puede guardar en la cartera (bajo la cama dirían antes).

Es importante entender que el modelo austríaco se apoya en el ahorro propio, y no en la deuda o el préstamo como el modelo de chicago que es el que todos conocen o enseñan, y es actualmente el imperante. Es cierto que con el modelo austríaco se avanza mas lento, pero a paso firme. No en base a lo que no existe; por eso desaparecen los ciclos de burbuja estallido, porque se trabaja mas con lo que se tiene (ahorrado), no tanto con lo que no se tiene (prestado).

No es nuestro deber buscar una razón de ser a los bancos. He dado algunas ideas, pero son ellos que deben cambiar. Bitcoin no va devaluarse por mas presión que hagan, seguirá conservando su valor en el tiempo. En la historia está el ejemplo del Banco de Amsterdam que trabajó a 100% de reserva durante 150 años. Y en las clases del Prof. Jesús Huerta de Soto se dan otros ejemplos.

Una moneda que no pierde valor en el tiempo es la mejor manera de salirse de la trampa del modelo económico imperante, y al ser virtual tiene la gran ventaja de que no puede ser confiscada (o robada) tan fácilmente o que sea difícil de mover.