would you prefer that Bitcoin particpate in the coming Currency Wars or get bogged down in trading SC speculative assets directly within the protocol? remember, you want all this fiat to have to "buy in" to BTC, the currency unit:
Stocks denominated in and tradeable in BTC. Everybody wins. You speak as if it can't accomodate both aspects. Stubbornly dishonest you are, cypher. no, the SC stocks would have their own market exchange prices in USD which would detract from that fiat going straight into the BTC currency unit itself. they're dilutional to the BTC price.  How exactly then do you propose that stocks be issued or bought in your schizo-utopia? how the hell do i know? Blockstream can't or won't issue a business plan. it's up to them to figure out how to provide the 10x return to their $21M investor money by selling SC's to all manner of buyers including gvts. remember? I was referring to your plan, genius. When BTC wins and kills fiat currency. How do you trade stocks? Do they stop existing because they "dilute" BTC price? if Bitcoin ascends to the throne of global reserve currency, stock sales may be denominated in BTC. |
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would you prefer that Bitcoin particpate in the coming Currency Wars or get bogged down in trading SC speculative assets directly within the protocol? remember, you want all this fiat to have to "buy in" to BTC, the currency unit:
Stocks denominated in and tradeable in BTC. Everybody wins. You speak as if it can't accomodate both aspects. Stubbornly dishonest you are, cypher. no, the SC stocks would have their own market exchange prices in USD which would detract from that fiat going straight into the BTC currency unit itself. they're dilutional to the BTC price. How exactly then do you propose that stocks be issued or bought in your schizo-utopia? how the hell do i know? Blockstream can't or won't issue a business plan. it's up to them to figure out how to provide the 10x return to their $21M investor money by selling SC's to all manner of buyers including gvts. remember? |
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would you prefer that Bitcoin particpate in the coming Currency Wars or get bogged down in trading SC speculative assets directly within the protocol? remember, you want all this fiat to have to "buy in" to BTC, the currency unit:
Stocks denominated in and tradeable in BTC. Everybody wins. You speak as if it can't accomodate both aspects. Stubbornly dishonest you are, cypher. no, the SC stocks would have their own market exchange prices in USD which would detract from that fiat going straight into the BTC currency unit itself. they're dilutional to the BTC price. |
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if $350 holds, bears need to look the hell out:  |
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would you prefer that Bitcoin particpate in the coming Currency Wars or get bogged down in trading SC speculative assets directly within the protocol? remember, you want all this fiat to have to "buy in" to BTC, the currency unit. Bring On the Currency Wars http://blogs.wsj.com/moneybeat/2014/11/21/bring-on-the-currency-wars/Finding it hard to stimulate domestic demand through cheap credit in a world of rock bottom interest rates, the next best solution central bankers have settled on is to generate growth by boosting net exports. And the way to do that is to devalue their currencies.Those Currency Wars are already underway. It's frightening to think of Bitcoin being "weaponised" as a tool in this regard. Imagine a govt acknowledged actively purchasing btc.... what's so frightening? this is how we go to The Moon: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2248419Preserve Bitcoins Sound Money Function!!! |
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would you prefer that Bitcoin particpate in the coming Currency Wars or get bogged down in trading SC speculative assets directly within the protocol? remember, you want all this fiat to have to "buy in" to BTC, the currency unit: Bring On the Currency Wars http://blogs.wsj.com/moneybeat/2014/11/21/bring-on-the-currency-wars/Finding it hard to stimulate domestic demand through cheap credit in a world of rock bottom interest rates, the next best solution central bankers have settled on is to generate growth by boosting net exports. And the way to do that is to devalue their currencies. |
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most of you are familiar with Jim Rickards' book, Currency Wars:  i submit that Bitcoin wants to position itself squarely in the middle of that War. if it is allowed to continue with its Sound Money function, Bitcoin will win that War and send us to the Moon. |
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I've been looking everywhere for this and someone finally found it for me. Thanks! That was a brutal demonstration of heavy handedness displayed by those guys, gmax and lukejr. Fortunately, they were proven wrong in the end. The bitcoin.org press center they were promoting got shot down, Ver got added to Andreas' new site, and Matonis went on to serve 2y as TBF head. Justice got served. https://github.com/bitcoin/bitcoin.org/pull/162#issuecomment-17151432lol, they were not only you have been proven wrong endless times Edit: - greedy clown - stupid idiot getting mad - dick What's with you guys? What the hell proof have any of us presented? It's all opinion as even I can admit based on vaporware. Do you not have enough academic rigor or integrity to admit that? What will settle this in the end is the validity of the arguments presented on balance. Not trolling, as is your latest strategy. You're digging yourself a hole. |
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I've been looking everywhere for this and someone finally found it for me. Thanks! That was a brutal demonstration of heavy handedness displayed by those guys, gmax and lukejr. Fortunately, they were proven wrong in the end. The bitcoin.org press center they were promoting got shot down, Ver got added to Andreas' new site, and Matonis went on to serve 2y as TBF head. Justice got served. https://github.com/bitcoin/bitcoin.org/pull/162#issuecomment-17151432lol, they were not only you have been proven wrong endless times Edit: - greedy clown - stupid idiot getting mad - dick Odalv, you been drinking again? I like to troll you. You are my favorite clown :-) Actually, I'd start drinking too if I realized the SC scam I was pushing so hard for was going up in smoke: http://www.reddit.com/r/Bitcoin/comments/2mxa9s/gavin_andresen_bitcoin_foundation_pivot_wont/cm98ofn |
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I've been looking everywhere for this and someone finally found it for me. Thanks! That was a brutal demonstration of heavy handedness displayed by those guys, gmax and lukejr. Fortunately, they were proven wrong in the end. The bitcoin.org press center they were promoting got shot down, Ver got added to Andreas' new site, and Matonis went on to serve 2y as TBF head. Justice got served. https://github.com/bitcoin/bitcoin.org/pull/162#issuecomment-17151432lol, they were not only you have been proven wrong endless times Edit: - greedy clown - stupid idiot getting mad - dick Odalv, you been drinking again? |
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The side chain concept is meritorious in that it generates the innovation of a sort of reversible Proof-of-Burn for new coin emission.
Counterparty used Proof of Burn in their launch, and it seemed the right thing to do at the time, and I still like it, and it worked out.
The notion of "pegging" I think is damaging to the Side Chain effort. Currency pegs always fail. (Argentina, Greece, China, etc) They are using a discredited term for something novel that just might not ever fail in some implementations. It is better than a peg and calling it a peg (or even a 2wp) is too faint of a descriptor. I'd rather they use a newer more distinguishable term (even "crypto-pegging" would be better).
There are all sorts of problems that this can cause, and all sorts of problems that it can solve. This thread has been one of the best places to sort through those. The occasional wacky assertions are also useful. It helps us realize that we are out here on the edge between what people know and what people don't yet know.
I am not at all certain of what the future of these will be, but this thread does provide some vistas of the possibilities.
some ppl think i have an agenda here. that's simply not true. for evidence, look at the title of this thread and its lifetime. the title distills in 4 words my view of Bitcoin and my vision of how it should relate to the World. i've poured everything i have into it so it should be no surprise where i stand. Every ppl here can see what is your agenda. => Your agenda is to throw dirt on Blockstream b/c they are against your profit. My profit is the bitcoin that I own. In that sense I speak to protect the profits of all Bitcoiners. |
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I've been looking everywhere for this and someone finally found it for me. Thanks! That was a brutal demonstration of heavy handedness displayed by those guys, gmax and lukejr. Fortunately, they were proven wrong in the end. The bitcoin.org press center they were promoting got shot down, Ver got added to Andreas' new site, and Matonis went on to serve 2y as TBF head. Justice got served. https://github.com/bitcoin/bitcoin.org/pull/162#issuecomment-17151432The really sad thing to note here is that those devs never relented to the majority opinion expressed in that GitHub thread. Sirius, the owner of bitcoin.org actually had to be contacted after 2 or so years of being in seclusion to resolve the dispute. Martti Malmi, aka Sirius. He needs no introduction, but he is somewhat reclusive these days so it's not clear that he'd necessarily appreciate the nomination. Incidentally, he is the owner of the bitcoin.org domain.-Andreas Sirius was shocked as to how these devs were ruling over his domain and immediately shut down their press center and demurred to Andreas' new site. And the other shocker? To this day, gmax sincerely believes he "won" that battle. |
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I've been looking everywhere for this and someone finally found it for me. Thanks! That was a brutal demonstration of heavy handedness displayed by those guys, gmax and lukejr. Fortunately, they were proven wrong in the end. The bitcoin.org press center they were promoting got shot down, Ver got added to Andreas' new site, and Matonis went on to serve 2y as TBF head. Justice got served. https://github.com/bitcoin/bitcoin.org/pull/162#issuecomment-17151432 |
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Blockstream does indeed seem to have some pretty cultish notions.
geezuz krist. have you ever seen gmax and lukejr behave in certain situations? they're ridiculous. techo-commies as JR says. |
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The side chain concept is meritorious in that it generates the innovation of a sort of reversible Proof-of-Burn for new coin emission.
Counterparty used Proof of Burn in their launch, and it seemed the right thing to do at the time, and I still like it, and it worked out.
The notion of "pegging" I think is damaging to the Side Chain effort. Currency pegs always fail. (Argentina, Greece, China, etc) They are using a discredited term for something novel that just might not ever fail in some implementations. It is better than a peg and calling it a peg (or even a 2wp) is too faint of a descriptor. I'd rather they use a newer more distinguishable term (even "crypto-pegging" would be better).
There are all sorts of problems that this can cause, and all sorts of problems that it can solve. This thread has been one of the best places to sort through those. The occasional wacky assertions are also useful. It helps us realize that we are out here on the edge between what people know and what people don't yet know.
I am not at all certain of what the future of these will be, but this thread does provide some vistas of the possibilities.
some ppl think i have an agenda here. that's simply not true. for evidence, look at the title of this thread and its lifetime. the title distills in 4 words my view of Bitcoin and my vision of how it should relate to the World. i've poured everything i have into it so it should be no surprise where i stand. |
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Adrian may a great point the other day.
Why haven't all those all star investors in Blockstream invested in BTC, the currency unit, as opposed to a for profit company that stands to make $Billions turning Bitcoin as Money into a WoW trading platform game?
You might argue that they have but i seriously doubt it given the price action and the vocalized uneasiness with Bitcoin as Money that we've already heard from a number of CEO types over time. Plus, we know Bitcoin as Money would seriously disrupt alot of these guys empires if it gains a foothold in the currency wars.
If you don't think they are doing both you are crazy but they are doing so in small increments 1-5% of their net wealth just in the coin is more than enough, the other investments is about making USD off the transactions and builds up the value of the nest egg bitcoins. This was a great thread to follow everyday but honestly you have just went of the deep end on SC and everything in the last few weeks, this was one of the last threads I was following here and now have clicked unwatch. I'm not worried. I'm sure you'll be back just like all the others who say they're leaving. |
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Adrian may a great point the other day.
Why haven't all those all star investors in Blockstream invested in BTC, the currency unit, as opposed to a for profit company that stands to make $Billions turning Bitcoin as Money into a WoW trading platform game?
You might argue that they have but i seriously doubt it given the price action and the vocalized uneasiness with Bitcoin as Money that we've already heard from a number of CEO types over time. Plus, we know Bitcoin as Money would seriously disrupt alot of these guys empires if it gains a foothold in the currency wars.
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OR they could reorganize as a non profit.
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