One Love! 

If wishes were horses, beggars would ride

Also I have noticed that want does not always equal get

Plus there is no small group of people that use illegal drugs, there are very very many people, and the drug trade is not just the Ganja, it is a multi billlion dollar black market, run by people with huge budgets, the idea that it is held up by people that  "grow in secret in a basement" is frankly absurd... try fields and fields and acres and acres , warehouses of all sorts of crops, guarded by armed men at military checkpoints, and helicopters, boats, and the friends of the cartels (their good firends in various governments and banks) are well aware of this, and the produce is processed by factories and shipped globally via a huge network.. the guberment has not ever, ever,ever  done jack to even come close, to having an effect on the drug trade, not even by 5% they are powerless in this respect, and also have proved quite inadequate at "policing" the internet.
 
Also I think you fail to see the direction that the internet/p2p and encryption is going in and will continue to develop..  in respects to stopping Cryptos their solution is not going to be a single technician sat in an office somewhere...  if anything their only way will be at the fiat gateways... and frankly they had better get a jiggle on  in that respect, if that is what you belive they will want  (which I have my doubts about)

 At the moment they/we/Bitcoin are headed in the opposite direction... governments gap to stop this in its tracks is closing rapidly... it seems like they have no wish or the will to do so, actually it is looking more and more like the opposite in many countries, certainly here in the UK , the FSA has made very clear and explicit statements that they are looking to regulate, but let Bitcoin/cryptocurrency/blockchain tech flourish, ditto for parts of US NY/Cali, Isle of Man, Switzerland are making noises in that direction.. etc etc..

If Bitcoin gets to the point where the government suddenly think oh we had better try to squash this because it is too big, if it gets that big... and people, industry and banks all use and like BTC, then it will be too late and people will be like WTF?.  If Bitcoin gets to that level, and it is seen as good for society, and is considered money, and money is considered freedom of expression, and people support it, then they will have a real vote loser/potential revolution on their hands...  like I have said before the world is going to change so much in the next 20 years... I see that the governments of the world will work out (if they have not already) which side of this to be on, and will most likely leverage it themselves rather than squash it.

Not that that matters,  I remember similar ideas about the internet 20 odd years ago, and how x and y will never be allowed, and will never catch on, and here we are 25 years later and there are plans available for a 3d printed firearm available online,  and that is out there now, and the genie is not going back in the bottle ever... do you think that genie has been put back in the bottle? because it has not, and will never be regardless of how many techinicans sat in offices or politicians will it to...  nor will the cryptocurrency genie be put back in the bottle...... it is already too late...  by hook or by crook cryptos are here to stay, the question is, will it be a sensible gradual adoption, or will it be a prohibition style pointless and unwinnable long drawn out battle that they end up losing?

 
 


 

Says an awful lot about the things you say, and why people have a hard time taking you seriously sometimes

Also - there is a lot of difference- unless we are supposed to take what you say and then assume the opposite.... you infer that Draper wanted to
sell/dupe/create bagholders of BTC with the 30,000 coins he has, to make a profit directly from selling the BTC to poor unsuspecting Brazilian folk...
when actually he is doing something totally different with the coins, as already explained.

I know what Jorge is and or is not, at least what he displays of himself on here.. I have been reading his posts for quite some time..
My observation of Jorges "mis-hearing" was tongue in cheek. 

 

Thought as much... I am sure that much was pretty explicit, funny how Jorge "misheard" that, he normally seems to have an eye/ear for details.
   


 

She can be whatever she wants to be in my book... holy mammas.

Did he say he plans to "sell them" to Brazillian buyers ?

I thought Draper said he was proposing to use the 30,000 BTC to mainly provide liquidity through arbitrage and keep his overall balance of BTC approx the same... and also to spend some to "encourage" further development of the ecosystem/further adoption in countries like Brazil?

Pretty sure he explicitly said that as opposed to - I want to sell these to Brazilians.

Fair play- thank you for your thoughts.

Edit- so at this point do you think that NXT is already free floating, or do you think that NXT is currently essentially priced in BTC ? and how do you see "the peg" playing out (or not) as the gradual BTC increase your foresee happens.

Good man, I am a member there too... just being lazy : )  

thanks

Hi- well that is a valid point and I am not disputing that at all, I am kind of expecting a move soon , though not necessarily  a parabolic one, but a significant one. I understand that past performance is not a good inidcator of future performance. The reason I kind of expect a move (not necessarily  a parabolic one)  is because there is lots and lots of news and attention and seed money  and regulatory clarification that is filtering its way through now... I do not think that this is all priced in already... I think the value to price ratio is low at the moment, I feel that Bitcoin is undervalued (Nxt too) also because of the technicals.... at somepoint I think that there could be another surge... it is by no means certain, and it may not happen tat way at all, I 100% get that, but it would not suprise me either.

 That is almost another topic...

 I am more interested in how people view the supposed NXT/BTC "peg"   especially in the event a parabolic , or significant BTC rally does occur..

But I do take your point : )

Some speculation...

What are peoples thoughts on how Nxt will react/not react in the event of a parabolic move from Bitcoin ? I have read the ongoing debate about
if nxt acts as if it is "pegged" to btc.  

Do you think that if Bitcoin goes x 10 , that Nxt will follow suit?  and if so do you think will happen in sync with BTC or lag behind?

i.e
If BTC goes to $5000 (for a arbitrary and pretty figure) do you think NXT will go to $0.47  and do you think it will do it same day, or weeks later?

Or do you think that if BTC goes on a run, Nxt will drop/stay the same/

OR do you think that if BTC goes on a major rally say up to $5000 which is approx 7.6 times higher than it is today, that the attention and hype, money may then pile into NXT in an even bigger way and we could shoot up towards 1 NXT = 1 $

I get the feeling that NXT is undervalued and therefore has the potential to catch up to its value, and then to run along with BTC for now..
but at the moment I am wondering if the more likely event is that BTC goes on a run first, and then NXT tags/lags along with it to a degree... and then for more investment to push up the NXT market cap after it has held onto BTC's coat tails.

If BTC reaches 65 Billion dollar market cap, is it unrealistic to expect NXT to reach a 5 billion marketcap? and do you think NXT would be undervalued or overvalued at that point?  or do you think that at this stage in the networks life there is not the value in the network at this stage to support a marketcap that high?

Also what are peoples thoughts on the NXT "price stability" that stays stable when Bitcoin goes down? do you think that there is some manipulation at play to keep the price stable?

Finally what are peoples thoughts on the NXT BTC "peg"  do you see us moving away from this peg (if you belive there is one) as more fiat gateways
are added? and how do you think this will happen/over what timescale?

If you are in the I think NXT will lag behind BTC with a time delay, and are expecting a rally in btc,  are you tempted to sell your NXT and buy back in later once BTC has rallied?  if not why not..

OR are you not expecting a rally in BTC anytime soon? but expecting on in NXT

Just chewing the cud really....  I am interested in how other people think about it, please share your thoughts/comment on the above.

thanks : )

There are several different sectors involved in the business that we are exploring, two or three of the main sectors I do not wish to disclose at this stage, however I can tell you that the main sectors that I can reveal would be finance, insurance and law. (Yes some of the big players, I refer to are some of the big players in those sectors, and the relationships already in place are longstanding, both professional and personal)

The rest of it... well that would be telling.

Hi there, thank you for your time in replying.  I 100% hear what you are saying and I totally agree with what you are saying. I know I am a part time wannabe geek only, alas I am not a full on cypherpunk, and generally I do try to fit my communication style to who I am communicating with in a professional capacity. I was not aware using the word "crypto(s)" to describe/abbreviate the word/term crypto-currency, was so out of the ordinary, I do appreciate that the term comes from the word crypto, and cryptography/cryptology of course......... it is just I thought people on this forum would understand what I meant. Maybe it was my time in Australia that gives me the urge to shorten and slap a s on the end of words.

Anyways, I have more than enough sources of information to send him now, as I say he is almost there already, the guy is certainly no fool, and I more wanted to give him a one stop shop for viewing data sources, educating and exploring and furthering his knowledge in his own time, and opening up the doors of the implications and possibilities, and also the depth and breadth of the work already done (call it proof of work if you will   ) and where this technology could lead us in the future,  more with a view that he has a way of understanding the jargon that he will need to, when he needs to and also to allow him to see and explore the implications for himself, before we meet again.  The more understanding he has, the easier my job will be ongoing, and the more comfortable he will be in investing, and attempting to disrupt the industry that he is involved in. Basically once he is happy with his understanding and trust in the technology and how I propose we use it, then the guy is in to the point that if I can then show him this business model can work, which I can, then we are a go... well ..... barring the finished business plan and costings, negotiations, oh and setting up of international partners, oh and a possible merging of forces with another UK entity which could save us a lot of time money and effort, and also pending advice from the FSA and the HMRC among others, so basically we are almost there ; ) walk in the park. Seriously this resource list is hardly worth talking about, it was perhaps an innocent question to catch anything decent I may have missed to make my job easier. Lazy of me perhaps, but my mind is buzzing right now, and I should be asleep, I have already spent too much time jabbering about this.

Simple is always best though, I hear you, I may tweek the introduction to the resources e-mail before sending it on tomorrow, though I have already chewed the guys ear off for several hours, and the guy did not glaze over too much

Thank you all (almost) for your replies- I appreciate your time.






  

I have a lot of time for Marc Andreessen, and I have a few bit of his work to pass on,

Nice quote - this article will make it onto the list- thanks.

 

Good one    

ps - This is not a mining operation, and it is not an exchange, it is something different, as I said not public facing, so it is business to business, and is providing a service that the gentleman already provides, and has done past 20 years with his own firm, and working with some very big players, so this is merely doing almost exactly what he already does and has done the past 20 years, but using cryptocurrency and the blockchain,  it is fiendishly simple, the business is 100% there and the contacts already there, and at no point will the business be in the general publics eye.
 I am sure by the time I am done with him the guy is going to end up holding Bitcoin, probably, but that will have nothing to do with what are going to do. This is more about disrupting a industry that is already in place (and thriving) and adding massive value, and increasing the profit margin massively.  If/when this all works out, then I will come back and spill the beans one day, once we are properly up and running.  

Hi yeah I know my bad - I have dealt with a fair share of mindless trolls in my life, and I can see that this chap is not a very smart or a useful troll even, so he is now on ignore, where he shall stay.
 

My my you are full of yourself - and you jump to a lot of conclusions, false ones at that - good luck to whomever you live with.

Hi - thanks : )

The Bitcoin whitepaper of course is the first thing I read back in end of 2010, and the first item in my list : )

I have an pretty good understanding of basic cryptography, hashing, elliptic curve etc

As I said this is not for me (though it is always good to learn new things of course) and the gentleman I am in talks with will only ever most likely
want a rudimentary understanding of the deeper workings of the protocol - hence why I am looking for good primers to get the guys up to speed...
 I have enough info already , just scanning for any good polished sources that I may not have seen.


 

lol  right