Everything is intimately related, with varying degrees. That statement has no bearing on whether or not the motions of the stars can help predict the price of the digitcal currency called bitcoin. Here's a thought to ponder: If a duck quacks in Canada, will I hit all the green lights on the way to work?
Astrology is considered a pseudoscience for a reason, my friends. I don't mean to offend, just to enlighten.
Astrology is considered a science for a reason, my friends. I don't mean to offend, just to enlighten. Your beliefs aren't the only ones that matter. Oh, and I'll just repeat this one more time: “Millionaires don't use Astrology, billionaires do.” ― J.P. Morgan It's not about belief. It's about testable hypotheses, and the outcome of such tests. Thanks for your help, now please go away. And as for provable statements, please learn Gödel's incompleteness theorem before you claim unprovable = false. |
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 What happened after the $1 barrier was crossed? Bitcoin went up 3300%. That bubble was likely to be caused by BTCS&T, but I don't think the rally up to $5 was a bubble. if history is an indicator, we'd see continued rises to $75, another strong psychological barrier at $100, and assuming we break through that we'd see rapid price rises (~$300-$500). After so many barriers were broken down, the coins from the weak hands would have moved to stronger hands and we'd see much less resistance. There's no doubt that many people will be cashing out their profits, but bitcoin will get far more media attention and the demand will far outstrip the supply. So, really the sky is the limit, if we break $100. When that bubble bursts, expect $80 bitcoins, not single digits. The first post regarding the starting up of BTCS&T was on November 3rd 2011[1]. It couldn't possibly have had anything to do with the bubble and subsequent collapse that happened completely before that date. Try again. 1. https://bitcointalk.org/index.php?topic=50822.0 |
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The correction that we will get.. is upwards. Quit the FUD please.
It's not FUD, if it rises too fast into the 60's there will be a bit of a correction. We've seen this many times before. Really? When was the last time we were over $50? How many times has this happened? How could I have missed it? |
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Everything is intimately related, with varying degrees. That statement has no bearing on whether or not the motions of the stars can help predict the price of the digitcal currency called bitcoin. Here's a thought to ponder: If a duck quacks in Canada, will I hit all the green lights on the way to work?
Astrology is considered a pseudoscience for a reason, my friends. I don't mean to offend, just to enlighten.
Astrology is considered a science for a reason, my friends. I don't mean to offend, just to enlighten. Your beliefs aren't the only ones that matter. Oh, and I'll just repeat this one more time: “Millionaires don't use Astrology, billionaires do.” ― J.P. Morgan |
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Very brave to make your decision public, OP. I will save this thread and bump it when we hit $50. LOLOL.
Making good on my promise. *bump*  |
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On the way to $48 I've been selling enough to maintain 50% value in USD and BTC. Similar now, when we are in a slow slide, I just buy enough to have equal amounts in BTC and USD.
Has this 50% strategy got a name? Are there any downfalls or gotchas? Rebalancing too often will eat through your stash with fees. Not often enough and you miss the opportunity. If you can do it on bitfloor or another exchange that pays you when your standing order is taken, it's a little easier since you don't have to deal with the fees. |
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Loaded just showed up again last night. A good sign?  Unless hes about to take a dump all over us. No worries, I've been busy selling off the mass of coins I woke up to on Wednesday. The speed at which the fork was repaired has mostly improved confidence among clients. more fun coming next week? Not until you announce the secret rocket |
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We knew there was a limit. What nobody knew is that the limit was low enough to be hit with blocks smaller than 1 megabyte. Remember that 1mb blocks had been tried before and worked. The BDB manual doesn't give a formula for selecting the number of locks, presumably because not even the BDB developers know how to do it correctly, or perhaps because it seems to vary across versions/platforms. It just says "pick a number that seems to work and then double it". That kind of nonsense is fortunately not present in LevelDB. But good to see that you have finally gotten to grips with BDB lock limits ... AFTER implementing the new levelDB that ignored these two lines of code in all pre-0.8 bitcoin reference code ... which recall by your own words ... to paraphrase "if you want a protocol read the source code"
Seems I was right about that, wasn't I? Hence the warnings against re-implementations. Understanding and documenting all these edge case behaviours is very difficult even for people who work on the existing code. So if you rewrite everything from a wiki page it's going to be even harder to match things precisely. 0.8 maybe a superior solution but it has been rushed out. The fact you haven't fully understood the previous code and implemented the upgrade correctly may be more your deficiency than pre-0.7 code.
In what sense was 0.8 rushed out? The lock limits issue has been in the code for a very long time and went away entirely with 0.8, so spending more time testing it would not have helped reveal the problem. You'd have to have been testing old releases to find this issue, and moreover, testing it in non-obvious ways. I'm tired of these sorts of threads and will not be posting on the issue further. The code that Satoshi left behind is certainly not ideal in many ways, and the only way to fix it is incremental upgrades. That means real work. If you are going to make yourself useful instead of just insulting people anonymously, then get to it and start finding bugs. Can you explain how locking is handled better by leveldb for the particular type of database transaction that can require unbounded locks on bdb? |
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It is a lot easier, cheaper, and faster to demand delivery of bitcoin than gold. |
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This is the speculation forum, not the make-believe fantasy forum.
what's the difference?  This is my personal opinion, but I personally consider this forum is as the "BTC trading/investing analysis" forum. Maybe others don't share the same view. There are a few interesting discussions, but most of what you read here should be considered cheer leading. |
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Mark thread: Extremist Bears Only.
Don't get me wrong. I strongly believe in bitcoin success. In twenty or may be ten years it can reach $50 again. But with current level of volatility it cost nothing. I will buy as many BTC for $3 as you can possibly sell me. Send me a pm. This should be a great deal since it that is twice the maximum they could possibly be worth. |
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I think we're headed to $60+ in the near future myself.
Sounds good. Where do you speculate the $2.5+ million to do this will come from? The same people hopping on the bandwagon again or a new influx of users? Etoro |
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...the community fell back to 0.7 chain immediately, this showed they can act professionally in a crisis and maybe that is why the price is stablizing now
Correct. I'm obviously one who see's this as positive news, not negative. Something bad may have happened, but bad things happen all the time and there is nothing we can do about it. No realistic amount of testing would have caught this weakness. It's how the community handled this situation that proves how strong it is. Barely any press on it, and the exchange rate continues right where it left off. However, we do seriously need to focus on the max block size issue now and ensure we create a flexible, scaleable, and balanced system. If we can get past this issue, then we're over the hump. If not, then yeah. The rally is over. A test case with a maximum size blocks made up of minimum size transactions would have caught this. We certainly need a test case like that going forward, especially if we are going to raise the block size limit. |
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may do it myself.
i'm checking out bitfloor. last i remember about them was all the drama (not even sure if they've paid back yet?) off to read
need to see how easy getting usd out of it is as well
It takes a few days for him to set you up the first time, then 1-3 days for the withdrawal. He just does standard ACH payments, so it's US only. |
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Right now, I not planning on re-arranging my life to take an unpaid position as a bitcoin developer. You don't need to be unpaid. If your abilities are as good as you claim you should be able to find plenty of people willing to donate. For example, just look at how quickly the OSX packaging for Armory bounty was raised. That's a nice thought, but I checked out the donations to the Armory address and it came to about 200 bitcoins. That would last me about 2 weeks. You require $216,000/year to subside?  When you know the difference between a Hamiltonian cycle and a Mercier cycle you get paid the big bucks. WTF is a Mercier cycle? I know Hamiltonian cycles, but I've never heard of a Mercier cycle, and google (regular and scholar) doesn't have a clue either. Also, just because you make that much now doesn't mean you need that much. What you're trying to say is you are greedy and aren't willing to give up your cushy paycheck to push forward the state of the art of public technology. You'd rather suck the teat of the corporate monstrosity and empower the already powerful. I hope you have some survival skills for when the shit hits the fan. You may be okay if you are with a defense contractor, but your conscience won't be. |
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He is telling us what we should, in his opinion, do.
We don't have to do it.
-MarkM-
It was the suggestion that SD spend their money how he wants or he will block them that made it sound like extortion to me. Looking at the dictionary definition, it probably doesn't exactly fit, but his tone is certainly coming across to me as hostile. For example, he ends with "This is the real choice", as if his two options are the only options. Maybe I'm just too sleepy  . |
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Easy fix for sellers who don't want to sell under those walls....bitfloor.  wait...why is this not arbitraged to death? about 65 btc bid on at 47 or over even with .6% mtgox fee and i think its .4 at bitfloor this is profitable I'd do it, but I don't want to be out of bitcoin that long and I don't have the fiat to cover it now. |
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So you are including DNA computing technology in your investment analysis of bitcoin? This has not even been invented yet. It's just a concept. It is ridiculous to speculate on DNA storage - it's like talking about nuclear fusion. Its clear that for the foreseeable future, storage is not unlimited, and also bandwidth is not unlimited. The unlimited size of the blockchain; the fact that anybody can add transactions for no cost, eg. SDice. The overhead with distributing an unlimited sized file to every node. IMO, that's the bitcoin end game - ignoring any government influence. We're already seeing the beginnings of this problem with the patch from psi that's now available, that skips SDice transactions for miners. O RLY? Next-Generation Digital Information Storage in DNAGeorge M. Church, Yuan Gao, Sriram Kosuri, Published Online August 16 2012 Science 28 September 2012: Vol. 337 no. 6102 p. 1628 DOI: 10.1126/science.1226355 Digital information is accumulating at an astounding rate, straining our ability to store and archive it. DNA is among the most dense and stable information media known. The development of new technologies in both DNA synthesis and sequencing make DNA an increasingly feasible digital storage medium. We developed a strategy to encode arbitrary digital information in DNA, wrote a 5.27-megabit book using DNA microchips, and read the book by using next-generation DNA sequencing. EDIT: To be clear, I agree that block size should have a limit, although it will probably need raised to more than 1 MB at some point. |
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Some of this profit can be fairly spent RIGHT NOW on improvements to internalize transaction flow, or it should be blocked until it does. This is the real choice.
Sounds like extortion, doesn't it? Yes. Huh? Him exercising his freedom to spam and me exercising my freedom not to include his spam in blocks I create, or even not to pass them along to me neighbors, is extortion?
-MarkM-
That's different from solex dictating that they "should be" blocked. You are free to do what you want, but not to tell me what to do. |
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Well, I just wanted to drop that link so people can discuss the issue intelligently.
Bitcoin is less anonymous than cash and more anonymous than banks. Do you want to explore the space between careful bitcoin usage and banks or between the reference client and banks? The link provides most of the delta between the two spaces, so we can probably just focus on the latter part here.
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