... I seem to recall you kept calling usd tops while I said its just getting started yet now you claimed that youve been calling for this since last summer?
Classic cypherdoc. Used to be he'd counter if called out on such things with 'well, my readers know...'. I'm dunno if he even has a 'newsletter' any more, but that probably was the primary usefulness of the thing. Some months ago he tried to pull some shit saying that his secrets were buried in his newsletter but some former subscriber came out of the woodwork and totally called bullshit. It was very funny. Cypherdoc knows that he can now appropriate your USD call and within a few months most people will dimly remember him as being totally right and brilliant where the opposite is closer to the truth. That's not so much a reflection on his sliminess...lots of people do such things...but more a reflection on the mental capacity of much of the community here. Your willingness to latch onto an incorrect statement by sidhuajag shows your intellectual dishonesty by not doing your own verification. He's got it wrong; I clearly have been calling for the dollar rally done back in the summer when I linked toa podcast by Ambrose Evans Pritchard as support. I'll try to find the link. What's he's referring to is my stock market top misses which I freely admit to. You should really stop commenting as you clearly don't read this thread with any ability to follow what's said. Examples of your misunderstanding and being constantly behind: thinking SC's are tokens, I cancelled my newsletter here a year ago, your not remembering how Adrian has continuously hammered home the mining problems that SC's will introduce. He's probably got over 50 posts on the subject alone yet you don't have a clue. Lol.
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so what the hell is this all about and how does this correlate with what somewhat else said the other day about Adam backing out of the SC debate with Peter Todd?
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my debate with Blockstream, over to SC or not, comes down to not who is right or wrong but rather to how you perceive Bitcoin fits into the real world financial system. in other words, it is more philosophical than technical in that i'm sure SC's can be made to exist technically in some hodge podge way. the ultimate question remaining, imo, of will it allow Bitcoin to ever have an impact on where the real problem lies that being in the fiat currency printing space of central banks? i think not.
to my mind, if you allow SC's to latch onto the MC, you will create a small, isolated trading platform off in some corner of the real financial world whereby you can choose to invest your fiat into either the currency unit or into a multitude of speculative assets offered on the platform in the form of SC's. to my view, this would be no different than WoW. popular, but simply a play thing.
but if you allow Bitcoin and its blockchain to develop as a true fixed supply currency and public good, it has a chance of becoming a bonafide global reserve currency listed on the Forex. that would be huge as it would probably be the end of central banking as we know it. once established, other speculative assets can then be bought and sold in terms of BTC, ie, denominated in BTC terms. this path forces real world change in a more fundamental manner that will have a broader, more momentous, impact on the financial world. anyone wanting to participate would have no other choice than to buy the BTC unit and take the price higher.
i understand that SC's are ultimately a matter of choice, being open source, and that ppl can simply refuse to use them. but i think the issues are more than that. allowing a for profit company to make a source code change sends the wrong message to the global community at large that a vested interested group of men can manipulate the code to their own advantage and thus alter Bitcoins greater purpose. it would imply a community approval of such a move and could be interpreted as Blockstream attempting to take over a system that has the potential to change the financial world. no one wants that including myself.
Adrian has already outlined the mining risks and changes in incentive that will occur so i won't bother to go into that.
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sounds very interesting but i've just skimmed their material. my questions about this concept tho are: 1. how do you endure the integrity of the data at the time of it's injection into the blockchain? i would think it would be a disaster if a bunch of corrupt county recorders got wind of the idea that residential recordings were about to be injected into a Factom blockchain and decided to tweek the records at an opportune time. once a corrupt record gets in, how does it ever get reversed? 2. from what i skimmed, there still needs to be a significant amount of data stored by Factom themselves (as in ordering of mortgage docs) which centralizes the process. that doesn't seem good either. 3. finally, legal authorities have to agree to enforce the embedded hash in the blockchain as a legal, agreed upon reference point for integrity. not sure how or if that can work. but all in all, i favor MC extension of capabilities over SC's for sure.
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Over the summer, I called for this latest dollar rally as the price of oil was dropping. I've strongly made the case for deflation a long time as well as hinted by rising UST's. After the SNB did its thing the other day I mentioned to watch the dollar. This guy agrees. This is based on the fact that theUS was lucky to geta rally in both during the last crisis. I doubt it happens the same way this time around : http://www.zerohedge.com/news/2015-01-16/about-strong-dollarIts ez to call a dollar rally after its already confirmed ive been saying it since 2011 2012.. and the currency wars dont help.. all snb did was reassure us that central banks need to change to consensus last summer was clearly the optimal time to go long the dollar:
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Lol. "God is with us," one Hungarian market source said, referring to the timing of the conversion." http://mobile.reuters.com/article/idUSL6N0UU39I20150115?irpc=932Which brings me to the USD rise of the last 6 mo. I've been saying that USD denominated loans have been suffering from the same dynamic which is a probable factor relating to plunging commodity prices and foreign stock markets that we've seen. The safe haven status of the US has saved our Stock and bond markets but for how long? Probably for not much longer given the interconnectivity of markets worldwide. My other observation is that I think everything has been lead down by gold and silver starting in 2011. Which then pulled down other commodities and subsequently foreign stocks and now probably the US Stock market. We'll see. Rather than this recent rise in gold being an indicator of a major turn around for everything and stocks off to 32000 as sidhuajag thinks, I think it is a dead cat bounce soon to reverse.
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Saw the film "Imitation Game" a couple of days ago. Definitely worth seeing. Impressive that each triplet of letter drums mimics an enigma machine. Doubly impressive when you realize there were no real electronics at the time. Just wires, lights and mechanical rotors. Crazy to think how far we've come in what really is a short period of time.
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well, certainly, this is the perfect time to step in.
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Over the summer, I called for this latest dollar rally as the price of oil was dropping. I've strongly made the case for deflation a long time as well as hinted by rising UST's. After the SNB did its thing the other day I mentioned to watch the dollar. This guy agrees. This is based on the fact that theUS was lucky to geta rally in both during the last crisis. I doubt it happens the same way this time around : http://www.zerohedge.com/news/2015-01-16/about-strong-dollar
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Not sure if Adam is still following here but wondering why he backed out of the debate with Peter Todd over sidechains at TNABC?
Tell us about it and what is TNABC?
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