grrrrrr
this never ending argument is truly never ending.
Oh, it will have an end all right. If Lauda gets his way it will be an end of Bitcoin as currency and hello bitcoin as SWIFT MKII. |
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Trouble maker  Where have you been all this time? Give it a few months to see how the price reacts to limited supply of coins on the exchanges before you start laughing too much  Ha ha! always the same... Just closed the deal on my new house yesterday, a deal that was brought forward about 6 months due to my Bitcoin windfall ( and a brexit bonus as well when buying Euros the morning of the brexit count ) Just been busy with IRL stuff. But I am now out of the bitcoin speculation game. Just stashed a few to keep my hand in the game. |
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"batshit crazy" doesn't do this thread justice
Possibly. But it fits like a glove here |
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bargainbutch (aka lamecrotch) should just be ejected from this thread. Or, is there a walk of shame option? Make dumb posts ante up money for cancer victims?
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There is a communication problem but it's not that you don't explain yourself well enough. The problem is you don't fucking listen.
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"This brings me to Bitcoin. I think that Bitcoin could be the world's next great safe asset. At least, it certainly seems to have all the properties that are desired in a safe asset. "
"This "Bitcoin as a large-value transfer system" does not destroy my thesis: Bitcoin can remain a desirable safe asset. "
"Once market penetration is complete, its return behavior is likely to mimic the return behavior of any other safe asset."
"Investors can expect to earn unusually high returns in a crisis event."
"In short, it's a great investment" ~David Andolfatto, Vice-President Fed Bank of St-Louis
http://andolfatto.blogspot.fr/2016/03/is-bitcoin-safe-asset.htmlhdbuck if quoting fedsters. We are all doomed. |
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pms is where the buy is cuz they are artificially manipulated lower, while bitcoins is artificially manipulated higher .. there is reasons for the manipulation and is is doubtful good for us .
1. The PM indexes barely move with the amount of money involved in crypto. They are in the multi-trillion marketcap category. Crypto isn't getting any serious money from PMs. Bitcoin's marketcap is like one thousand of what Gold's marketcap is. 2. PMs do not really overlap the online transactions sector. They are just store of value. You can't pay someone over the internet if you have gold in your pocket. You can pay him with bitcoins though. That means that PMs and crypto are complimentary in this sense. Things might have been different with a decentralized e-gold equivalent, but physical ownership and physical transfer is not something that an algorithm can rule. 3. In terms of manipulation, owning Bitcoins is actually a hedge against the ongoing PM manipulation as the mechanisms existing in the gold manipulation 'industry' are not found in bitcoin. 4. Bitcoins are far more scarce than gold and silver. There are ~6 billion ounces of above ground gold and only 15.4 million bitcoins. That's one bitcoin for every 390 ounces. That's now. The future is actually in favor of bitcoin:gold ratio. 5. Gold and silver production is increasing continuously as the methods to extract it are improved and become increasingly mechanized. 100 years ago you had people shoveling ground and now you have excavators and D10's moving ground and ...ripping permafrost. Or people dredging ...the ocean's bottom (soon with robots). Even the places that have been previously "mined" are full of gold. And even the places that are mined today are still left with tons of fine gold that they can't really catch due to most mining operations going for more volume at the expense of recovery rates. The 180ktons of above ground gold will probably double or triple in the next 30-40 years. And when AI comes online to track underground deposits, vein flows, etc etc, or even assume the running of mechanical recovery tasks, you're looking at full blown gold inflation. And I haven't mentioned that most "non-gold bearing grounds" are ....gold bearing with invisible gold. You might pan nothing, but the gold is attached to lower-specific gravity rocks, which, when crushed, will release the gold (typically by resorting to chemicals). When people say "there is no gold here", what they really mean is "I don't see any", or "I'll probably spend more to get it" - both of which are circumstances that change continuously. 6. Even if above ground gold doubles or triples in the mid-term future, it will still preserve its value due to fiat inflating at a much faster pace. However bitcoin will be inflating at a much lower pace than both, hence being an adequate store of value, which also has good upside potential (gold's marketcap can't go 10x to 70+ trillion range with ease, unlike bitcoin which can hit 4k usd and do a 10x). 7. What PMs have in their favor is that they are much safer than crypto (excluding scam PM purchases). Nobody will fork, hack or 51% one's gold. And they are good for countries with high devaluation rates where the average man can convert local currency to PMs to prevent erosion to his savings. All this shit from a guy who honestly thinks bitcoin will be trading at $12,000 next week. I cannot even laugh at this anymore. |
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Its gone through a ton of testing and will be secure when it rolls out in April.
No one knows exactly when its coming out as there is still more testing to be done but a
2 posts within half an hour of each other. And you wonder why people dont take you seriously. Not too many want core 0.12 anyway. Its second to Classic's version of 0.12 right now. You still here? Morbid curiosity. The BCT equivalent to rubber necking on the highway. |
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Its gone through a ton of testing and will be secure when it rolls out in April.
No one knows exactly when its coming out as there is still more testing to be done but a
2 posts within half an hour of each other. And you wonder why people dont take you seriously. Not too many want core 0.12 anyway. Its second to Classic's version of 0.12 right now. |
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The thread is luckily not dead.
Based on my observation over the past 5 years, each time the thread got boring , we were close to a MAJOR price move...
So it will be this time, too...
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you're being disingenuous... avg block size phhhh, your an asshole or an idiot, take your pick.. I don't see what's wrong with avg blocksize. Should I take specific blocks to illustrate the point? And if so, what would these blocks be? The 0 bytes ones, or the 1000kb ones? Yes. An Asshole AND an idiot. |
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Appears that the evidence supported our suspicions . This was indeed a spam/ddos attack upon bitcoin and the perpetrators ran out of cash. The unconfirmed backlog is clearing up https://blockchain.info/unconfirmed-transactionsBitcoin is certainly resilient. Ran out of Cash = Bitcoin is Resilient!!! Lets get down on our hands and knees and Praise The Lord!! edit: 18,000tx's @ 0.01USD = $180 Dont take much, does it? |
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[blockstream], they aren't the Illuminati or lizard people plotting to destroy bitcoin.
But you are suggesting that very thing to explain Microsofts interest in Ethereum? Do you think that maybe there is a possibility this isnt their intention? |
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Etherum taking over? What the fuck is this shillcoin even doing at a marketcap of $600mill  Exactly , I am being generous to even entertain hypothetical practical future usage cases of ethereum and have yet to hear someone mention one example. Seems like many speculators are gambling with their btc for a chance that MSFT or IBM starts buying ethereum... little do they know if these corporations ever do start seriously using ethereum it will be on their own fork. Embrace , Extend, Extinguish. How soon they forget. MSFT buying into a sell wall of greedy 16 year olds or selling their own fork which has a much higher level of trust and brand recognition than Vitaliks org? And yet you see Blockstreams influence over Bitcoin as entirely benign? I cannot fathom how you maintain such a balanced one-dimensional view. |
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Looks like we likely found one of the "spammers" attacking the network -
Thats just one of the sources. I thought Core was immune to dDos? edit: Ah, I see you are updating your post. |
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Yo hdbuck, You finally get some success in building The Realest Bitcoin (client)? They totally weren't making fun of you after you left neither...  |
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...
current gen run 4.73TH at 1293 Watts. And no professional miner pays 12c/kWh. More like 1.5-4 cents.
Guys, where's your DIY spirit? Here's some absolutely Atlas-Shruggy Randiana we could paradigm-shift to sub-penny power with a few hydro-disruptors, like that orgone collector powering up BitUsher's solar solo home mine? Who's with me?  http://gizmodo.com/a-rare-glimpse-inside-a-magnificent-abandoned-shrine-t-1000133696Just think of the toast he is gonna make..... |
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Hmm, couldn't all the pools just go with 2MB and tell the devs who think they control everything to stop trying to make themselves feel important?
Bitcoin is by design controlled by the consensus of the miners, not by centralised control.
It would seem that there are all sorts of parties trying to control bitcoin and I guess they all simply fail to understand the design.
Doesn't really matter how important devs think they are, if they want to be a relevant part of the blockchain decisions then they need to be miners.
...
BlockStream/Sidechains/SegWit all sounds a lot like trying pointlessly to control altcoins and make something like a partial SPV ... to me.
Moments of Lucidity are Lucid. |
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you are just plain wrong, likely mis-informed by the company you keep. The necessary LN bitcoin TXs that open and close channels will be immediately identifiable by the bitcoin miners who can demand as high fees as they feel necessary to provide their precious adjudication services for the LN. ... Interesting point. I wonder why they choose not to up their fees now? You should let them in on this cool thing you've just discovered, they might cut you in on teh profitz I could have copyrighted the use of "satoshi" for the smallest unit when I standardised/named it, https://bitcointalk.org/index.php?topic=3574.msg50647#msg50647that might have been profitable ... but Satoshi deserves all the kudos. Serious? Kiba mentioned it first. |
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