this is what everyone will look like when Core decieds to up the limit a bit  don't disappoint Everyone core devs UP THE LIMIT TO 2FUCKING MEGABYTES YOU SONS OF BITCHES  Why don't you just do it and release the source compile it on your end and run it? |
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Anyone who claims to know what the price of bitcoins or for the matter any other coin is totally lying
Then I've been doing a damn good job of lying, since I am always predicting the future. And you will remain poor because you do not try to learn how and why I am able to do that. I have explained it in my archive of some 2000+ posts over the past few months (and another 50,000+ posts in my prior user names such as AnonyMint and on other forums). Experience is earned. And now you will learn the hard way. Then you are the same guy who believed BitcoinEXpress had a legitimate exploit for monero. Which turned out to be bullshit. |
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what exactly are they following you for?
Why would they follow you?
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using today's values based on OP's formula the bit coin price should be:
10^(-2.869800 + 0.003012 * ((number of days since 2009 Jan 03)/days)) =
$26,439
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i must have missed it..why are there no pix?
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Gold may rally up to $1188, so there is still a chance BTC can make one more moonshot to $300s before the inevitable decline...http://www.armstrongeconomics.com/archives/36230 http://www.armstrongeconomics.com/archives/36150COMMENT: Marty, I want to thank you for showing me how real analysis actually works. I think so many people have been use to the typical buy and hold and its going to the moon forecasts that they do not understand how you even function. I am writing because I think many may misinterpret how you analyze markets. Like your gold forecast of Socrates. I can see that time and price are separate and your turning points can be a high or low. The forecast is a turning point and the interpretation is the trend and price leading into that turning point.
I showed a friend what Socrates wrote on gold and he didn’t get it. He was so use to the typical nonsense that he thought you will always be right because you address both sides. I explained to him it was clear. To continue to move higher gold had to exceed the previous week’s high and a failure means that target inverts and can present a low. Many just do not understand price and time are separate. I can see the difference in how you forecast but some who are use to the gold promoters may not.
REPLY: Yes, you are probably correct. It is hard to keep that in mind when I am used to professionals rather than the general public. A REAL analyst must ALWAYS define where he is right and where he is wrong. The market is infallible, never the analyst. We are along for the ride. This is indeed about trying to listen to what the market is telling you for it is never wrong.
Secondly, it may be exactly opposite of what people believe, but it is far easier to forecast years out than tomorrow. The reason is rather simple. If gold rallies to 1150, 1185, or 1225 and then peaks on the turning point, it is irrelevant. A high is a high regardless of how high unless it starts to exceed Reversals on the monthly level where trend changes. This is what I refer to as NOISE. If we get a high or low in the short-term it does not change the long-term. So people get all flustered with a rally but to me its no big deal until it proves to be something on the monthly level. Everything else is just noise.
In trading as in analysis, just NEVER enter a forecast or a trade without defining where you are right and where you are wrong. where is your crystal ball? |
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I am not sure that tax is the appropriate word to use, however I certainly agree with the OP's point.
As Bitcoin grows in popularity and user adoption increases, if the max block size does not increase then tx fees will inevitability rise. Eventually tx fees will rise enough so that Bitcoin will be prohibitively expensive to use. This is where things like blockstream's Lighting network and Blockstream's side chains come into play, as people will use them as an alternative, which will allow Blockstream to profit, and will cause Bitcoin to be to expensive to use except when used for very large financial transactions (aka only the big players can afford to use Bitcoin).
The above scenario will happen unless the maximum block size is increased in the near future. The best course of action is for the core devs to all support a larger block size that increases over time (to allow for bitcoin adoption to grow over time, and for technology to become more advanced to support larger block sizes). All of the core devs supporting larger block sizes over time will make it so the decision to support this kind of hard fork would be more obvious to the major economic players in the bitcoin economy.
While there is speculation that Bitcoin will become more centralized with a higher block size limit, it is all but certain that Bitcoin will become substantially more centralized with the block size limit remaining unchanged, probably more centralized then what would happen if such speculation would be true.
Does "Fee" work? |
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Well, tvbcof has just told us that they are following a common model for companies doing open source development: charging for technical consulting. I would love to believe that is true, and I wish they would clarify their position. I still do not understand why they wouldn't agree to a modest increase like Jeff Garzik proposed. A hard fork is a difficult thing in the best of circumstances. Scaling through simplistic and very modest capacity increases is a dead-end, so what's the point? Scaling through simplistic and sufficient capacity increases promises to mutate Bitcoin into a system which is worse than nothing. To me at any rate, and I strongly suspect to many of the folks who are now working under the Blockstream banner. I have no reason to believe anything other than that is nearly the sole reason the organization came together. If I wanted a job (I don't) I would likely try to hire on at Blockstream because I could be doing something which I believe can make a positive difference. I imagine that most of the people working under that Banner feel the same way and this is one of the reasons I have more confidence in them than most.Another reason is that the Blockstream dudes collectively are hugely responsible for getting Bitcoin itself to where it is today and as much as I might bash Bitcoin I find it a remarkable achievement. In my mind one of the biggest questions which remains unanswered is: Even if sidechains are nearly completely dependent on their backing store (Bitcoin) as a source of value, what induces them to support the Bitcoin infrastructure? Can they not just hitch a free ride and hope someone else picks up the slack? The best answer I can come up with is that they compete with other users of the blockchain not only in fees, but also in supporting mining operations which will get them and their transactions a slot within a reasonable amount of time. Competition for transaction capacity would have to be a factor. I doubt I am alone in waiting for scarcity here to finally come into play. After half a decade at Satoshi's 1MB setting we still are not pushing into this aspect of the system and are still relying almost entirely on currency base inflation. I'm in no hurry to see a hard fork before transaction fees start carrying a little bit of the support reward load. Working under a banner or idea (impression) is only as good as the leader's actual intentions allows. Look at the U.S's armed forces fighting al qaeda ("THE WAR ON TERRORISM" banner). People are dying and fighting a war stupidly and ignorantly at the cause of "FIGHTING FOR OUR COUNTRY" or "SERVING OUR COUNTRY" and at the root of the entire war is greed, not positive difference. Just because there is a so called "banner" of why a people/company/business/institution/country are doing something does not make it a POSITIVE or good agenda for the common good of all who are involved. |
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You are free to make choices now, you weren't able to few weeks ago.
No one is forcing the network to choose BIP101.
Everyone that is against the freedom of choice is blinded, or in bad faith.
we are against nonsense. Is not a free choice when someone want to jump from 4 floor "nonsense" differs from person to person. |
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I think they should try to be as transparent as possible, but there may be indeed a conflict of interest. Time will tell.
The is a conflict of interest. What time will tell is the extent to which they were acting upon it. There is nothing in general wrong with a conflict of interest, but it should be openly disclosed. On a related note, I'd love to hear Jonald's and Carton's view of the ongoing censorship at /r/bitcoin and to a lesser extent at this forum. For example, Bitcoin[redacted] was defined as an alt-coin by the moderators at /r/bitcoin and all talk related to it has been deemed off-topic. Several people were banned for linking to sub-reddits that emerged as a result of the censorship. Here at our own forum, Cypherdoc's "Gold Collapsing. Bitcoin UP" thread was locked by the Admin, despite it having over 1.4 million views and over 30,000 comments. The rational given by BadBear is that threads that are broad in scope ("mega-threads") are no longer permitted on this forum. What are your views on these recent events?  More on this here: https://bitcointalk.org/index.php?topic=1157185.msg12198527#msg12198527There is a ton of inconsistency on the moderators/admins parts on what you wrote above. Clearly there is another agenda when consistency goes out the window while censorship is allowed into the window. |
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Anyone believe this? It's a great deal more plausible that XT, with it's friend of the state-paradigm in lead dev Mike Hearn, will be the chain that imposes taxes on it's users. Not system "taxes" (aka fees, lol), but actual taxes. Good attempt jonald, but try picking a topic that doesn't blow the spit back into your own face.  Carlton, you've always been one of the brighter minds around here, but with all due respect, what's your point? How about instead of the banter, try to answer the question: how will blockstream make money? don't you think that's a fair question? The answer is that I don't know. If Blockstream were to attempt to impose a fee structure whereby they, and they alone, received the fees, and if the company was simply passively extracting them without it being a part of some network mechanism or other (i.e. the same reasons miners get paid blocks+fees), then I would be just as opposed to them as I am to XT. However jonald, remember how you started this thread. I am happy to reciprocate your compliments; you're also one of the brighter and more thoughtful members of this forum. But I don't believe for a single second that you actually think your title represents the truth, and yet you composed your title and your post with the most exaggerated language that you thought you could get away with (you didn't get away with it). My point is also a good one, unlike yours. Mike is a friend of the state-paradigm. He will happily cooperate with anything any state asks him to, he has said as much in the past. Have fun using his coin. It is worth asking the questions about Blockstream's revenue generation plan. If their main source of income is charging fees (ie.e taxing bitcoin users) by opening side chains or payment channels then they are not for the original vision satoshi created when he created bit coin. Very simple. |
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Well, tvbcof has just told us that they are following a common model for companies doing open source development: charging for technical consulting. I would love to believe that is true, and I wish they would clarify their position. I still do not understand why they wouldn't agree to a modest increase like Jeff Garzik proposed. it is simple. their side chains crap is only useful while bitcoin block size is capped. raise the 1 MB limit and blockstream now becomes OBSOLETE and IRRELEVANT. |
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Even more important, how will miners make money?
If they will be getting the transaction fees what's the incentive to mine?
simple...price of bitcoin must rise in order to account for decreased reward supply. |
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cup & handle still?  so we will se pump after dump  Im still hold my bitcoin and watch more speculation Thread, before i sell or buy bitcoin looks like a cup and anchor |
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-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 August 21st, 2015: Auction for FORTY 2013 LEALANA 0.1 BTC Brass Coins   *****Carefully read this auction post in its entirety before bidding*****Auction ends August 25th, 2015 at 3:00 PM Hawaiian Standard TimeMinimum bid will start at 0.7BTC. Bidding will be done in 0.01BTC increments. Shipping will be $30 for US and $50 for International bidders. This will be added to the winning bid after the auction.(ID will be required upon delivery for pickup) for both domestic U.S. and international customers. Bitcoin is the only accepted form of payment for this auction. Coins for this auction will ship out by September 5th, 2015.You are bidding for the following unfunded/buyer funded coins:
FORTY 2013 LEALANA 0.1 BTC Brass Coins (Green Addresses)By bidding on this auction you are agreeing to the terms listed at: http://lealana.com/tac.phpThe winner can choose how many coins they want to pre fund. All coins not pre funded before it ships will be marked "BUYER FUNDED" with a laser mark to each coin's hologram.
THESE COINS ARE BUYER FUNDED. The winner by bidding on this auction will accept the risks involved with shipping funded coins through USPS registered mail. The coins will be valued at the price paid plus the bitcoin that is loaded on to them. Winner agrees to hold LEALANA, LLC. and myself innocent of any losses while in transit (in the small event the coin goes missing/stolen while in transit).
Any customs/VAT taxes or fees that are placed on the package while going through customs for international customers are the responsibility of the buyer/winner to pay.Please bid in the following format (no extra precision decimals): CORRECT FORMAT
"I bid 1.07 BTC" INCORRECT FORMAT
"I bid 1.074839282"Should bids come in at the last minute I will allow for the auction to extended by 15 minute increments between bids. Once the 15 minutes is up and no bidding is done after the deadline specified ABOVE, the auction will end. To be clear on the precision of the auction times in 15 minute increments we are talking about the actual MINUTE and not the seconds that are posted on the forum timestamp. Payment address: 1F1e2XW2joygP5PtErX8gYFwMjV2ZyMS58Please do not send payment to any winner address until the winner has been declared which I will post once the auction ends. If you would like a non-public payment address PM me and I will create a PGP signed address for you to send payment to. Payment is due within 72 hours from the time the auction ends. Should the winner not honor their bid and not provide payment in that 72 period the next highest bidder will be required to honor their bid. By bidding in this auction thread you agree to this stipulation. In other words, please make sure you are able to honor your bid(s) in a timely manner before you bid.I RESERVE THE RIGHT TO INVALIDATE A BID FROM NEWBIE USERS. USUALLY THIS WILL BE THE CASE IF I HAVE NEVER DONE BUSINESS WITH YOU BEFORE.AUCTION WINNER INFORMATION SUBMISSION:
*If you win, please send me (IN ONE PRIVATE MESSAGE) immediately ALL of the following information as it is needed to ship you your coins correctly/promptly:
1. The # of coins you want to prefund. Which types and how many.
2. FULL Shipping information:
FIRST AND LAST NAME
STREET ADDRESS & BUILDING/SUITE #
CITY
STATE
COUNTRY
POSTAL CODE
PHONE NUMBER
EMAIL ADDRESS
3. If you are outside of the US and want to insure prefunded coins please send me PM for details.-----BEGIN PGP SIGNATURE----- Version: GnuPG v2.0.17 (MingW32) iQEcBAEBAgAGBQJV18miAAoJEJqyV7+nZNgzEJ4H/R1IRilqhdFpgmtGKs3lEjma AF1FOiMhExfMnpwRe/Wd3CCibFre1yTeUAL/nBxGnffkCs7zirlT2qTT/avphb3W zO9+tMqXKORrS//X4tKO8+l6N93578WJnfgssSSQYBa2yZwPq+K++Bhh/MpiyFeK ZYAAg3tWL4V3cc2hnYo/TXjLVYpgV5HGn4h1T8vk0gLIENl43SFFf+V5khFPQxqO Mu1O1HMrztcHXXa3VMIQChzhk2/EbbGpqn+A3s67RlC9Optcbu3/isJDnYfxjyzL X4F+svSw8FVsIaYwlKI8t1I2F7+l1czMGkBejmYryCuJUsDjqr8FKts2GOduqmI= =3iU0 -----END PGP SIGNATURE----- |
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I bid 0.85 BTC
This is the winning bid ^ Please pm me your full shipping information And I will respond with a total to pay. this auction is now closed. |
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Okay OP, im going to sue Satoshi Nakamoto for not emailing me about the creation of Bitcoin in 2009 so I could buy 1 million Bitcoins for peanuts and then I will sue Karpeles for not telling me he was pumping the price into the moon.
This ^ lol |
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