You know Maynard sings a few lines on the first RATM album right?
Keynes? |
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Argentina may have various confrontational issues with the west (the USA and the IMF); however, I doubt that the solution would be for it to just give in without considering its own identity and role in the world and input from its populous regarding its identity.
Its populous are being robbed. Hence the debt the country is not able to pay. |
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watching infomercials ... err certain professionals are stating 5k/oz gold in the next stock market crash..
Professionals who are selling gold or who have large gold holdings? (Not that it might not be true though.) |
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Argentina defaults.
Ultimately that kind of news should be bullish for bitcoin; however, the way the bitcoin markets respond to news does NOT always seem to make logical sense... To be fair, Argentina is a basket case anyway, has been for decades and will continue to be so until and unless they dump the Marxist BS. |
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Small subset? Any type of financial or reputational contract can be governed by it. Any type of decentralised version of any web application that now exists can be run on it without a middleman enforcing the contract. The set of contracts is endless!
Maybe you need to study set theory. Integers are also endless but do not cover all use cases for numbers. How do you cover a contract for product delivery in the future for a payment up-front? How do you cover an employment contract where payments are ongoing? It seems that the contracts that can be covered with Etherium are time-order sensitive. Which is fine but like I say, hype. And you guys failure to qualify your statements and/or hedge only adds to that perception. And your example is poor more for its category (gambling) which is probably not what anyone seriously needing to be concerned about contracts will be concerned about. Talk to me of building roads or inventory fulfillment, not the 3:30 at Epsom. |
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Yay manipulators, sell it down on all exchanges to < $200! Go for it! Completely destroy the bitcoin market entirely so no one comes back to crypto for years and years! Great job!  It;s musical chairs. Shrooms becomes Fonzie, Torque becomes Shrooms... Who next? |
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I don't think you fully understand how this will work! I'll make it very simple!
i'll write a contract with you, a bet lets say, that the seahawks will win the superbowl again!
If you participate in this contract, then you will send .5 BTC or 1000 Ethers or 200000000000 derp coins to the blockchain and so will I. The program/code will figure out who won by communicating to the internet, and BAM! the winner will will receive those coins to their address! simple as that! see how that works? no guns, no men, no bukkake!
keep calling it a "alt-coin"
lol
Terrible example, even for what you are trying to illustrate. I'm not going to crap all over Etherium as I think it sound like it could have some quite interesting applications. I just think some of its shortcomings are being quietly ignored. |
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So now that I know what you were referring to, I say you are wrong. Every contract on the Ethereum blockchain (or bitcoin blockchain) can be enforced by the blockchain itself. If you have read that page, I struggle to see how you can't grasp that. Men with guns aren't required. There is no ambiguity in blockchain contracts.
No, I grasp the concept. What is covered with these "contracts" however, is a small subset of useful contract types. It's a good concept as far as it goes but I smell hype. |
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I wonder whether one could make money with arbitrage between two such ATMs, say two guys communicating byphone? Or between an ATM and the exchanges?
Probably. But this would not be a bad thing. These people would be doing a service that otherwise you would be having to pay someone to do. |
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I think it would be helpful to adoption to abstract buying/selling further (provided the wallets didn't overcharge for these abstracted services).
Here's a thought experiment: Imagine that everybody has visibility of all of their money on a smartphone app. For simplicity, consider that only dollars and bitcoins exist. The app has two features:
1. It displays the market value of each user's money, expressed in whatever currency is currently "dominant," along with the exchange rate between the two currencies.
2. There is a slider bar that allows each user to dynamically adjust their personal exposure to anywhere between 0% bitcoins and 100% bitcoins:
0% BTC / 100% USD <-----|||SLIDERBAR|||-----------------------------------> 100% BTC / 0% USD
Assume there is no fee for trading and no slippage. If it was this easy for everyone, what would people do?
Bitcoin adoption is all about slowly coaxing the world to move that imaginary slider bar a little further to the right!
Interesting. One could make the price of the app the initial investment (minus fee). Problem is, someone has to back those purchases. Could be done but involves risk. |
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I was of the belief that Chartbuddy's historical posts would be preserved b/c they could provide one objective and quick means to verify what BTC prices were within the stream of posts.
No. But I have not deleted one single bit of data I have retrieved from MtGox or Stamp. Everything could be reconstructed. Numerical data like that compresses much better than images. |
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Adam how about a beer giveaway again? I send you the bits and you post funny pictures with QR codes in them. I'm too drunk/retarded to do that  Hmm. I wonder if I could extend Chartbuddy a little... Beerbuddy? |
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I think Ecuador’s central bank might be coming out with an altcoin soon, they legislated the monopolization of "electronic currency" EcuadorCoin, A good pump and dump to watch for  read all about it!Short it into the ground and then short it some more. |
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This explains the lack of bubble, no doubt. |
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Stolfi could do some real damage to this thread by deleting posts; however, I am afraid that he cares too much about the preservation of his record. Stolfi may have some less than positive attributes; however, post deletion does NOT seem to be one of them. All of Chartbuddy's old posts are useless (and his current ones, many may argue) since I started purging the gifs to save on storage costs. I wonder how many pages those would account for... Too bad I'm in Vacation in the hills of TN right now... |
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I have to say, I think the Blockchain is great and all and it's no doubt fantastic for recording Bticoin transaction and potentially for indelibly recording other things as well but I think some of the claims and aspirations seem to be overblown and heading into hyperbole. "Unbreakable contracts"? "enforced by the blockchain"? Sorry, no. Once you step out into the real world, any contract can be broken simply by walking away and enforcement is done by men with guns. Possibly this is just not communicating the message properly but I suspect there's not a small amount of disingenuity in there also.
You misinterpreted me. The blockchain ensures transparency and public auditability during a crypto IPO. It is the courts that enforces the contract between the Ethereum foundation and its investors. This has nothing to do with the blockchain. I never claimed otherwise. |
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then for sure it is only because I am going to invest in a real-estate.
What could possibly go wrong? |
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why hhwy why would you do this?  Because they are running the presses till they glow red and the price of everything in $$$ is heading up as it floods in to the stock market. Just have to make sure to exit before the bubble bursts. Or hold your Bitcoin and wait. |
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I have to say, I think the Blockchain is great and all and it's no doubt fantastic for recording Bticoin transaction and potentially for indelibly recording other things as well but I think some of the claims and aspirations seem to be overblown and heading into hyperbole. "Unbreakable contracts"? "enforced by the blockchain"? Sorry, no. Once you step out into the real world, any contract can be broken simply by walking away and enforcement is done by men with guns. Possibly this is just not communicating the message properly but I suspect there's not a small amount of disingenuity in there also.
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Why charts explanation say same thing, no difference at all, then what is the benefit of explanation just post graph. You need to be a little more accurate with your mouse. |
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