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2701  Economy / Economics / Re: The Halving - Good or Bad for Bitcoin? on: January 01, 2017, 05:55:10 PM
Quote
What you do is just extrapolating based on current price and maximum possible supply.

You did that to get your 720$.
I just exactly did that with the price on nov. 2012 to show you that it doesnt work.

In fact, you did a totally different thing

At first, you calculated how much Bitcoin would be worth in November, 2012, if all bitcoins had been mined by that time, using the same approach as I did (that's true), but then you basically started claiming that the price you thus obtained wouldn't change all these years since then till today. In this way, you have discarded all the demand that has accumulated through these years and brought the price to where it is now. As you yourself now confirm, that doesn't and couldn't possibly work. With this point specifically I fully agree

And you didnt disregard it? As far as i know there are still 5 million bitcoins to mine no?
I just did what you did and showed that it is wrong.

Yes, I disregarded future demand (should there be any) for the remaining 5 million bitcoins which are still there to mine because this demand exists in the future. I don't know how much it might be and whether it will be at all, that's why I estimated what the price might have been today against only 16M bitcoins which are already mined (the numerator in the 16/21 ratio). If I knew what the price would be in December, 2017, I would tell you what it would have been if we assumed that all bitcoins had been mined till then. You, on the other hand, just chose to ignore the already known demand for the time span since November, 2012, through December, 2016. And claimed that the price today would be the same as in that November (if all coins had been mined by then)...

Namely, several orders of magnitude lower than the Bitcoin price we actually see nowadays (~6 dollars per coin)

You disregarded future demand which is already shown as wrong because there is demand that is (much) higher then the supply since you posted your assumption (thus we are now at nearly 1000$ from 940$ or from 350$ at beginning of the year).

And like i said before i did exactly that to show your fallacy.

2702  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Altcoins potential in a year from now (List) (25/08/2016) on: January 01, 2017, 03:27:31 AM
OK PEOPLE, WE ARE READY


BLUE MAGIC CAPITAL IS BORN TODAY 01/01/2017, please direct further discussions of coins in the main topic:

https://bitcointalk.org/index.php?topic=1735130.0


Maybe it would be better to move that to services instead of altcoin-ann!
I will be watching Wink

Happy new year everyone!
2703  Other / Politics & Society / Re: Please spread this message to the spoiled-brat Millennials on: January 01, 2017, 03:13:11 AM
We still have 50+ minus two years of one the best nations of the world.

Seem the proponents of man-made climate change, are also incapable of looking at repeating history further back then a 50 year myopia. Back tested, statistical confidence intervals doesn't seem to be a math concept they comprehend.

Please dont start with the bullshit that nazi-germany was socialist LoL
2704  Other / Politics & Society / Re: Afghan criminals who gang-raped little boy granted residency in Sweden on: January 01, 2017, 03:12:03 AM
Please tell me that they will at least go to jail.

How about you read the article?
It is all in there LoL
2705  Other / Politics & Society / Re: Please spread this message to the spoiled-brat Millennials on: January 01, 2017, 03:09:11 AM
Well you wrote often and i translated that as most/ nearly all. Sorry for being a bit hyperbolic there.

Ok let us just say that you people are right with rapefugees. They are here since 2014. This is 2 years.
The Bundesrepublik Deutschland exist for a bit longer then that.
If you see it logically it could be just a failure of merkel and her cabinet.

We still have 50+ minus two years as one of the best nations of the world.

Btw. There was once a uniform distribution of matter in the universe. The CMB is evidence for it.
2706  Other / Politics & Society / Re: Please spread this message to the spoiled-brat Millennials on: January 01, 2017, 02:50:59 AM
Leftists Europe stealing from 91 year old women:

https://www.armstrongeconomics.com/world-news/taxes/91-year-old-woman-court-sides-with-bank-her-cash-saving-illegal/

Leftist replacing humanity and love:



All made in the philippines without help of leftism.

What is your excuse for that?

Typical leftist propaganda which argues that in order to end poverty, we must steal from 91 year old women.

Totally illogical idiots that need to be shot in the head. Which they will do to each other.

The leftists feel no shame for their megadeath philosophy. Repeating every time throughout human history, yet they are so proud of it.

Socialism made you westerners think that human nature is actually not selfish. This works for a short time because the government borrows money to give you everything you want. But throughout history of mankind, this always collapses back to the reality of human nature and megadeath. Humans leverage the system they are in to get the maximum they can for themselves and their love ones. When there is abundance, humans are more sharing, because sharing becomes a gift culture wherein status is gained by giving. But this only works in a capitalistic society that rewards production. A socialist/communist society destroys production. In fact one of the reasons the Philippines is poverty stricken is because of the communist family structure, where one person works and everyone else is lazy and parasites on those who work. The filipinos are also lazy because the aristocracy had enslaved them as captured oversupply of labor. This is changing now that filipinos can go abroad to work. The culture is changing, but not entirely and slowly.

Often those who are pictured in the Philippines these sob stories pitched by Children's International, are Bajao (sea people). They refuse education, they refuse to be properly settled. They roam around begging instead of pursuing their former life of being sea nomads, because they find it more lucrative to beg than to live off the sea as they had done for centuries. The necklace on the little girl makes it almost certain she is a Bajao.

Typically the filipinos are farmers and have very strong extended family networks for their sustenance.

Oh boy. So you say that all the homeless people are bajao and they choose for themself and their kids to live worst then garbage?
And you could say that because that kid on the last pic has a necklace?

You are beyond help. It is pretty comical that people sent you money when you were fucked in the Philippines and asked for it.

What irony.

You know what? In germany we dont have starving kids on the street, have one of the best economies and even universal healthcare since 50+ years.
And we lost two world wars that we started.

Btw. What link does the story with poor grandma in the usa have with starving filipino kids on the street?
I though there is no crazy human eating leftism in PH?
2707  Economy / Economics / Re: Martin Armstrong Discussion on: January 01, 2017, 02:42:17 AM
Discussion showing how big of a fraud Martin Scamstrong is where he said gold was manipulated and highly undervalued before going to jail then does a 180 afterwards claiming the opposite:

http://youtu.be/mir1hyg066w?t=494

but we do know based on GATA that gold is and was always manipulated by central banks especially the commercial banks in the US (the market makers). Just one reason to be out of it imo.

Not really.  The goal for them is to devalue it to the max possible to prop up the debt based scam dollar, while also attempting to avoid anyone from actually purchasing it from them.  This is obviously accomplished by fractional reserve paper markets but those eventually break down.  They say at the Crimex they only have to account for 1-2% of stuff on the books being demanded for delivery, so that's where your 100:1 fractional reserve comes from and why the value goes to the moon when it breaks on both gold and silver with a "run" on the Crimex.  I assume they'd likely do a new revaluation/Bretton Woods at this point too.  It seems to overall be an asymmetric trade on a long enough timeline.

Gold is thought of a safe haven when it rises people think something is wrong with the economy and they stop spending and hoard money or buy into safe havens. CBOE requires you to declare if you are going to ask for physical delivery rather than just trade the contracts for futures (i assume Comex does the same) and since most liquidity is just for trading i guess thats where the 1-2% comes in because only 1-2% are actually asking for delivery... once you trade the contract you cant ask for physical delivery which is stupid but its the system they created. So JPM and a few other banks have been given large credit lines to short sell gold (as we saw at $1536) there were large foriegn buyers sitting on Comex as it represented the low but large mysterious selling happened which accounted for more gold than ever existed and HFTs to frontrun and dump gold through the wall. Dimon later went on to say that it was JPM selling because they see it coming down in the future. When there is such large conflict of interest and especially when central banks are mingling with commercial banks to devalue assets that is when I would stay away from that asset. With Bitcoin they can't do that and Bitcoin is also thought of as a safe haven now too.

I think this is the most interesting change in narrative we've seen.

In 5 to 10 years maybe. But not right now with 15 billion marketcap and majority of coins held by a handfull people (that have ties to the financial elite).

2708  Other / Politics & Society / Re: What's your opinion of gun control? on: December 31, 2016, 08:05:03 PM
...
The story of your hero ccw is bullshit like i said earlier.

Say it all you like.  It may or may not be true, but what you say about it has no weight at all because you are clearly an ignorant goober.



Says the guy that changes his narrative every post after he "carefully" investigated it.

Better get brain force ultra. The next advacement of alex jones.

 Grin
2709  Other / Politics & Society / Re: What's your opinion of gun control? on: December 31, 2016, 06:29:18 PM

Your ccw didnt do anything. He didnt shoot a single bullet.
And if the shooter didnt had eyes in the back of his head he didnt even saw him.

Btw sherlock, the ccw guys name was nick mali and his story like yours is bullshit.

Better reload on the super brain pills mate.

[Anedoctes that may be true or not but have nothing to do with the discussion]

In this mall shooting case the shooter was forced to switch the phase of his operation and focus on his own suicide due to the presence of a CCW.  Or so the story goes.

[Aley jones brain force produc placement]



The story of your hero ccw is bullshit like i said earlier.
The ccw didnt do anything. The shooter didnt even see him.

All you have is much brain shit.
2710  Other / Politics & Society / Re: What's your opinion of gun control? on: December 31, 2016, 05:48:52 PM
...
And the mall was no gun free zone.

Right.  They ran across a CCW which fucked up their show.  That's why almost all future psy-ops were staged at gun-free zones.  Mostly schools.  This also helps tug on the heartstrings of the sheep to see 'young people cut down at the beginning of their lifes' and all that baloney.  When you see footage of a couple of grieving fat women hugging on one another over and over on the nightly news then a few days later the president himself shows up to 'console the grieving community', it's a sure sign of one of these psychological operations.

My 'heart goes out' to the idiots who buy this BS.  Lulz.



Your ccw didnt do anything. He didnt shoot a single bullet.
And if the shooter didnt had eyes in the back of his head he didnt even saw him.

Btw sherlock, the ccw guys name was nick mali and his story like yours is bullshit.

Better reload on the super brain pills mate.
2711  Economy / Economics / Re: The Halving - Good or Bad for Bitcoin? on: December 31, 2016, 05:32:41 PM
Quote
What you do is just extrapolating based on current price and maximum possible supply.

You did that to get your 720$.
I just exactly did that with the price on nov. 2012 to show you that it doesnt work.

In fact, you did a totally different thing

At first, you calculated how much Bitcoin would be worth in November, 2012, if all bitcoins had been mined by that time, using the same approach as I did (that's true), but then you basically started claiming that the price you thus obtained wouldn't change all these years since then till today. In this way, you have discarded all the demand that has accumulated through these years and brought the price to where it is now. As you yourself now confirm, that doesn't and couldn't possibly work. With this point specifically I fully agree

And you didnt disregard it? As far as i know there are still 5 million bitcoins to mine no?
I just did what you did and showed that it is wrong.
2712  Other / Politics & Society / Re: What's your opinion of gun control? on: December 31, 2016, 05:25:37 PM

It was a mall which gets around 10k visitors per day (in my minimal research and familiarity with reality.)  You don't think that everyone who visits a mall in a day group themselves into a human-ball of 10k souls do you?

Why does the article you link say this then:

Quote
Between 8,000 and 10,000 people were inside the mall at the time.

Big shopping malls in germany and everywhere else look like a human meat ball.
I guess the USA is the only exception.

You might want to take some more alex jones super brain pills. You need that for sure.


Btw. The only moment you cant hit anything in between 10 k people is if you have no fingers to pull the trigger.

In germany pretty much everyone knows how to use a weapon because not long ago it was mandatory to join the army at 18.
Sucker.

Malls in this country consist of hallways with shops off of them.  They don't appear as a stadium.  The halls are also often filled with things which can be used as cover such as furniture, signs, booths, etc.  Also there are a lot of them and they are often severely underutilized and look like ghost ships a lot of the time even during business hours.

Next, there is the apparently little known phenomenon that even the mythical AR-15 does actually require re-loading.  It doesn't spray smart-lead infinitely without ammunition management as in the movies.  The user in this case seems to have fumbled with magazines.

Looks like as the kid was dicking around with ammo when he noticed that a CCW had drawn down on him.  One can presume that he intended to commit suicide from the get-go, and had no interest in being winged by Joe Citizen CCW and taken alive by the cops.  So he completed his 'killing spree' with a count of two down and switched focus to killing himself.

---

Well, looks like this one was probably a psy-op as well.  I never really looked into it, but it's the same pattern of non-people and/or politically connected and/or actors who came back from the dead.

https://archive.org/details/OregonMallShootingHoax-TheClackamasMallrampageNowAProvenFake

This was one of the earlier stage renditions.  Perhaps the CCW meeting was an unhappy chance and the drill was terminated early.  Most of these things are staged in 'gun free zones' probably mostly to avoid chance encounters.  Roseburg years later was another instance where most of the 'victims' researched turned out to be un-people.  The Sheriff who was notably pro-2nd said as clearly as he was able that there would be a lot of fed money pouring into the community because of the 'event'.  Lots of the Roseburg witnesses were associated with one of those creepy and recently set up new-age churches.



So no 8000 person a day but the excuse is now there was nobody where the shooter was (at the atrium=central room of the mall XD) and this is all a staged psy-op.

I advise you to throw in some hundred more super brain pills.

Also you weapon expert: the shooter had 5 full 30-round magz.
Even a newbie wouldnt need more then 10 seconds to load an ar-15....


Edit:

The story from nick meli is a joke....
And the mall was no gun free zone.

2713  Economy / Economics / Re: The Halving - Good or Bad for Bitcoin? on: December 31, 2016, 03:58:46 PM
I don't get your point

We have a starting price of 12 dollars in November, 2012, when the mining reward had been halved from 50 to 25 BTC. The price in July, 2016, at the next halving, was, according to you, 675 dollars per coin, with the rise being 675-12=663 dollars. We assume that the halving was cancelled in November, 2012, and the reward had been left intact (i.e. the same 50 BTC). Since we also assume that all things remain the same between these two dates (apart from the reward itself), the supply of coins would have been twice as much. Consequently, that allows us to assume that the price change within this time span would be half as much, i.e. 663/2=331.5 dollars. If we add this change to the starting price, we will get 343.5 dollars per coin in July, 2016

Your initial statement was that if every bitcoin was mined now the price would be three fourths of its current.

Yes, and I even gave you the rough estimate of the price which would have been today if the reward halving didn't happen, and all bitcoins would have been mined by July, 2016. Ironically, it turned out to be pretty close to the exact value of what three fourths of the current price are equal to, namely, 723 versus 712.5 dollars at 950 dollars per coin. Since all bitcoins would have been mined by July, 2016, it was also interesting to estimate the price which might have been by then too. In short, you basically have nothing of substance to challenge my estimates with. Empty verbiage obviously won't count...

Your approach to extrapolation is laughable if not outright ludicrous

Wow so because 16/21 is nearly 3/4 you think you are genius?
Good lord you are delusional the problem is you just dont realize it.

What you do is just extrapolating based on current price and maximum possible supply.
And the results dont mirror reality.

And when you take other price points the results differ even more from reality

Indeed, they can't mirror reality simply because we had two halvings in the past and still have plenty of years ahead till the last bitcoin is mined. And as I specifically emphasized it, there are a lot of ifs that would make the actual price differ from my estimates even if the reward hadn't been halved. But your estimates (6 dollars per coin) are totally off the reel as I already explained it to you. Simple common sense would suffice to understand that if we have already mined over 76% of all bitcoins, and the price is at 950 dollars right now, it can't possibly be in single digits if the remaining 24% had already been mined by now too...

You just can't throw out the window all that demand which has pushed the price so high


Quote
What you do is just extrapolating based on current price and maximum possible supply.

You did that to get your 720$.
I just exactly did that with the price on nov. 2012 to show you that it doesnt work.
2714  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [GBYTE] Byteball Speculation on: December 31, 2016, 03:08:06 PM
The problems is this:

Round 1:

100.000 GB of max 1.000.000 GB distributed for 70.000 btc.

Following rounds:

900.000 GB rest will be distributed for 15.930.000 btc.

Something is very very very wrong.
2715  Other / Politics & Society / Re: Afghan criminals who gang-raped little boy granted residency in Sweden on: December 31, 2016, 02:39:54 PM
No interest because victim is not a native.

Reading comprehension and such.


Quote
The victim, also from Afghanistan, [...]
2716  Other / Politics & Society / Re: What's your opinion of gun control? on: December 31, 2016, 01:40:59 PM
If it is not possible to protect yourself, that there are few who will do it for you. If we take into account what is happening in Europe, where people are dying of peaceful streets, the availability of weapons could stop the terrorists.

Armed citizens dont stop terrorist. Remember 9/11 [insert any other terror attack]?¿?¿

https://en.wikipedia.org/wiki/Clackamas_Town_Center_shooting

This one wasn't covered much...didn't help 'advance the narrative' I suppose.  Might be one of the few which wasn't a staged psy-op even.  Once or twice a year there probably is an genuine organic-ish crack-pot who goes on a rampage.

Good lord that he was a pot head.
Reading the details: 10.000 visitors and he stood in the atrium, opened fire and only killed two people with an AR-15.

An AR-15 is just another rifle.  I suspect that the idiots who think that an AR-15 some magical power to self-aim and shoot around corners have very limited hands-on experience with firearms and it is crystal clear that their brains have been highly affected by well funded public relations campaigns.

Any somewhat clear-thinking gun-grabber will readily admit that they are starting with 'assault rifles' simply for PR reasons, and intend to move on to everything which compromises the ability of the state to monopolize security.  I expect that most of them have really not thought beyond that and asked themselves 'why?' exactly.

AR-15's 'look scary' which is why they are a useful propaganda tools.  They don't have any magical powers at all.  Indeed, firearms in general are sub-optimal to cause significant casualties in crowded areas relative to other technologies.  The biggest 'problem' with guns is probably that they allow individuals to not need to rely on the state for protection.  This is a bigger issue for people in rural areas where law enforcement is spotty and absent.

Standing between 10.000 people in close quarter with a semi automatic rifle.

Yep you need to be an american sniper to hit something (more then two people).

 Roll Eyes

Someone on the payroll of the nra here? No wonder you can buy alex jones super brain pills.

It was a mall which gets around 10k visitors per day (in my minimal research and familiarity with reality.)  You don't think that everyone who visits a mall in a day group themselves into a human-ball of 10k souls do you?

Why does the article you link say this then:

Quote
Between 8,000 and 10,000 people were inside the mall at the time.

Big shopping malls in germany and everywhere else look like a human meat ball.
I guess the USA is the only exception.

You might want to take some more alex jones super brain pills. You need that for sure.


Btw. The only moment you cant hit anything in between 10 k people is if you have no fingers to pull the trigger.

In germany pretty much everyone knows how to use a weapon because not long ago it was mandatory to join the army at 18.
Sucker.
2717  Other / Politics & Society / Re: What's your opinion of gun control? on: December 30, 2016, 05:31:45 PM
Armed citizens dont stop terrorist. Remember 9/11 [insert any other terror attack]?¿?¿

Great example, considering the crew and passengers of the hijacked planes on 9/11 were disarmed.

In fact, the Federal Flight Deck Officer program was launched after 9/11 which allows eligible crew members to carry firearms to prevent such an attack from occurring in the future.

We can only speculate what would have happened if any of the crew or passengers were armed on that day, but I imagine that those planes wouldn't have been flown into the WTC buildings, at the very least.

Hijackers were armed with shaving razors and pepper spray...

Allegedly... but exactly my point!

And whats exactly your point? That passengers including the terrorist would have weapons? So the terrorist could hijack the plane even faster?
The terrorist always have the surprise moment for them....
2718  Other / Politics & Society / Re: What's your opinion of gun control? on: December 30, 2016, 05:24:39 PM
If it is not possible to protect yourself, that there are few who will do it for you. If we take into account what is happening in Europe, where people are dying of peaceful streets, the availability of weapons could stop the terrorists.

Armed citizens dont stop terrorist. Remember 9/11 [insert any other terror attack]?¿?¿

https://en.wikipedia.org/wiki/Clackamas_Town_Center_shooting

This one wasn't covered much...didn't help 'advance the narrative' I suppose.  Might be one of the few which wasn't a staged psy-op even.  Once or twice a year there probably is an genuine organic-ish crack-pot who goes on a rampage.

Good lord that he was a pot head.
Reading the details: 10.000 visitors and he stood in the atrium, opened fire and only killed two people with an AR-15.

An AR-15 is just another rifle.  I suspect that the idiots who think that an AR-15 some magical power to self-aim and shoot around corners have very limited hands-on experience with firearms and it is crystal clear that their brains have been highly affected by well funded public relations campaigns.

Any somewhat clear-thinking gun-grabber will readily admit that they are starting with 'assault rifles' simply for PR reasons, and intend to move on to everything which compromises the ability of the state to monopolize security.  I expect that most of them have really not thought beyond that and asked themselves 'why?' exactly.

AR-15's 'look scary' which is why they are a useful propaganda tools.  They don't have any magical powers at all.  Indeed, firearms in general are sub-optimal to cause significant casualties in crowded areas relative to other technologies.  The biggest 'problem' with guns is probably that they allow individuals to not need to rely on the state for protection.  This is a bigger issue for people in rural areas where law enforcement is spotty and absent.



Standing between 10.000 people in close quarter with a semi automatic rifle.

Yep you need to be an american sniper to hit something (more then two people).

 Roll Eyes


Someone on the payroll of the nra here? No wonder you can buy alex jones super brain pills.
2719  Economy / Economics / Re: The Halving - Good or Bad for Bitcoin? on: December 30, 2016, 05:08:27 PM
I don't get your point

We have a starting price of 12 dollars in November, 2012, when the mining reward had been halved from 50 to 25 BTC. The price in July, 2016, at the next halving, was, according to you, 675 dollars per coin, with the rise being 675-12=663 dollars. We assume that the halving was cancelled in November, 2012, and the reward had been left intact (i.e. the same 50 BTC). Since we also assume that all things remain the same between these two dates (apart from the reward itself), the supply of coins would have been twice as much. Consequently, that allows us to assume that the price change within this time span would be half as much, i.e. 663/2=331.5 dollars. If we add this change to the starting price, we will get 343.5 dollars per coin in July, 2016

Your initial statement was that if every bitcoin was mined now the price would be three fourths of its current.

Yes, and I even gave you the rough estimate of the price which would have been today if the reward halving didn't happen, and all bitcoins would have been mined by July, 2016. Ironically, it turned out to be pretty close to the exact value of what three fourths of the current price are equal to, namely, 723 versus 712.5 dollars at 950 dollars per coin. Since all bitcoins would have been mined by July, 2016, it was also interesting to estimate the price which might have been by then too. In short, you basically have nothing of substance to challenge my estimates with. Empty verbiage obviously won't count...

Your approach to extrapolation is laughable if not outright ludicrous

Wow so because 16/21 is nearly 3/4 you think you are genius?
Good lord you are delusional the problem is you just dont realize it.

What you do is just extrapolating based on current price and maximum possible supply.
And the results dont mirror reality.

And when you take other price points the results differ even more from reality.
2720  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 30, 2016, 04:36:40 PM

AGW denier!

I didnt sell btw... greed was too strong.
And then it dropped to 940 :/
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