bitcoin is dying yada, yada, yada ... go on just come out and say it once, you know you want to. |
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bitcoin $5 Bill
Paypal $50 Bill
Alibaba IPO $200 Bill
Microsoft $390 Bill
Apple $640 Bill
Morgan Stanley Managed Private Wealth Funds $1.5 Trill
Gold $7 Trill
Offshore Deposits $15 Trill
Global M2 money supply $60 Trill
Gross World Product $80 Trill
Global Notional Derivatives $800 Trill
.... we are at the bottom of HUGE mountain range looking upwards.
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hmmm, missing the train feelings starting to boil to the surface ...
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Hypothetically if somebody offered you guys 5000 USD per BTC that you own (and you had to sign an agreement saying you wouldn't buy any more, that's it, your participation in BTC is over) would you take it right now?
make it 500k and we might think about it |
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people are adopting bitcoin all the time ... i've adopted it at least 4 or 5 times already.
First you start off by adopting a few percent of your net worth into bitcoin, then you adopt a little more maybe up to 10-15% then before you know it you adopt at the 30-50% and when you realise how absolutely corrupt and broken the fiat socialists ponzi scheme tax-prison farm really is then you go wtf and go all-in 100% adopt bitcoin.
ergo "adoption" is a meaningless non-quantifiable term useless for any sensible analysis.
Right now there is a group of people (ranging between 2-40 million in number) who are willing to hold ~$5 billion worth of value in bitcoin is as much as you can say with confidence. If those same people decided to double their btc hodlings would the be same effect if the numbers of people 'adopting' bitcoin doubled.
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Congrats to BitPay for bringing Microsoft into the fold.
Actually from their press release it sounds like Microsoft did it all by themselves. No 'education' by bitpay necessary. It also seems they have further plans and an urge to pull through in a timely manner. EDIT: sorry, it wasn't a press release but this coindesk article already mentioned above. This. I would not be surprised if Microsoft had larger designs on BitPay than just using them as a service provider ... |
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2) connected the Trezor device, SElinux alerts go off immediately the plug-in tries to run ... checking into details for the SEAlert gives a few options for allowing mozilla plugins correct access to root locations ... ok, w/e SELinux is preventing /usr/lib64/firefox/plugin-container from write access on the chr_file . just playing at this stage so not going to allow that for real until I think through what it is trying to do but play along since I'm not putting any coins anywhere near this until I understand it This should be okay. SELinux rules obviously don't expect that browser should talk to USB... 3) device connects and immediately get a firmware is out-of-date message
This is also fine. We've released new firmware since we stocked this batch of devices. that flashes up only long enough for me to read first two lines then disappears ... so need to keep disconnecting and reconnecting device until I can read the whole message ...
Well, this is definitely a bug. Could you please report this to support@bitcointrezor.com together with the output from the Javascript console? There's "show log" in right bottom corner of site which should do the job. Log will help us a lot. 4) connect device while holding down both buttons and page asks do I want to update firmware ... sure what else am I going to do, rewrite it myself? ...
Haha. The security question is there for obvious reason, so user cannot be guided by malicious software to bootloader mode without knowing that the firmware can be replaced without any further confirmation. error message flashes up Update Failed
b._session is null and browser becomes very sluggish, cpu fan kicks in signifying usually a runaway process (most likely the mytrezor plugin I expect) Hm, this may be related to previous issue with flickering dialog. As a temporary workaround, reloading the site and re-connecting the Trezor directly to bootloader mode (without letting the dialog about outdated firmware appear) might help. I know, it's definitely bug and we'll hunt it, but this may actually help instantly. Thanks Slush. Ok, I tried what you suggested but similar behaviour with the plug-in essentially making the browser sluggish and unsusable. I was unable to retrieve a log due to the unresponsiveness. There is however a bright side. I then tried to do the recommended procedure on a fedora 32-bit using the appropriate .rpm plug-in and it all went as per the manual. So the firmware is now updated and Trezor is initialised with a seed, etc. Now taking the Trezor back to the 64-bit machine it appears to be doing the correct things with the standard wallet behaviour (no firmware issues now) but is still really slow and sluggish to keyboard and mouse inputs. So I think it might be just that the 64-bit .rpm plug-in is buggy. Another point on the plug-ins are they open source? Can I see the source and how the binaries are built, i.e. I would like to test build the .rpm packages myself and check if it is specific to my fedora platform or if it is RH-derivative wide issue. Also I'm interested to see what the plumbing of securing the plug-in binaries looks like. |
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It is only a small step for Microsoft to allow portion of accounts to be held in bitcoin ... and then to allow withdrawls or spends of bitcoin to non-MS addresses ... suddenly your microsoft account starts to look a lot like your coinbase account ... but with a massively larger installed userbase and trusted brand identity behind it ... and Microsoft is head-to-head in a digital payments war with old foe Apple's Applepay
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I think oil will be a good investment. I would wait for a bottom of $45 USD and then buy buy buy. The games that the west is playing with Russia is the root cause of this supposed 'glut'. Fact is there is no more of a glut now then when the price was at its high. Some serious money to be made off of crude.
Global economy is collapsing. After Oct. 2015, this will accelerate. There is an excess of supply in everything. Massive deflation on the way.Yes. However governments will print enormous amounts of fiat to counteract that deflation, whatever it takes. Because they cannot allow their own sovereign debt to increase in real terms or they will soon find 100% of tax revenue is needed for interest on their debt. They have shown time and again that they will print, stealth-taxing their fiat holding public, to service their own debt first. That is the only choice of default that governments take. Collapse in fiat means Bitcoin, and gold, UP. ... the question with all this printing is where is the inflation? It is in the cash assets of the top 1%. They held a lot of debt products that became worthless or went bad and then they got bailed out, in fact still are getting bailed out and then some. All those bad debts were monetised, i.e. swapped for fiat cash, net result being a huge misallocation of capital into incompetent hands, hyper-financialisation of the economy and an accelerating wealth disparity. Nothing at all to help economic performance, free market incentives, savings or productive enterprises. When a little more than 10% of the top 1% lose confidence in their now huge fiat cash holdings it will be the end of the CONfidence game, the 'bank' run will be on. |
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trolls and usual suspects seem to be out in force for the dump attempt below 350 ... someone's getting desperate to get in cheaper.
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can we have a special moment of silence for MTGOX and my bitcoins that are lost forever take your lumps and move on ... you trusted a third party and lost, boo-hoo. Did you read the bitcoin white-paper, first line in the abstract spells it out, bitcoin is a technology to eliminate third-party trust ... and yet here you are crying on the bitcoin forum about being betrayed by a third party who you trusted with your bitcoins ... do people who get killed in a car for driving badly blame the car or the driver (or the road in your case)? Misusing a technology and blaming the technology is on the level of logic of monkeys and savages |
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within days and weeks of Western forces arriving in Kiev to "help" Ukraine, the Ukranian central bank's gold was gone ... the cold gold war has been underway since at least the early 1990's, it is the fulcrum for the leveraged gold loans, i.e. paper gold, (100-1 leverage), for the seemingly miraculous levitation of the fiat ponzi scheme for the last 25-30 years
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Please find a flaw in this: I can send $1B with a fee of 40 cents or less.
That is not a use case for the broad population. For the broad population there is no use case, other than as a get rich speculation. SWIFT has no broad use case either by that idiotic logic. |
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so a friend gave me a trezor to play around with (first edition), here's what I got so far .. openend the box, read the manual, smelled the newness etc ... 1) went to mytrezor.com, clicked on download plug-in (.rpm for fedora) prompted for to save as a file Yumex can handle (assume that all the signing of the plug-in package is secure and taken care of correctly in the back-end but who really knows ... plug-in seems to install without error 2) connected the Trezor device, SElinux alerts go off immediately the plug-in tries to run ... checking into details for the SEAlert gives a few options for allowing mozilla plugins correct access to root locations ... ok, w/e SELinux is preventing /usr/lib64/firefox/plugin-container from write access on the chr_file . just playing at this stage so not going to allow that for real until I think through what it is trying to do but play along since I'm not putting any coins anywhere near this until I understand it 3) device connects and immediately get a firmware is out-of-date message that flashes up only long enough for me to read first two lines then disappears ... so need to keep disconnecting and reconnecting device until I can read the whole message ... I need to connect device while holding both buttons down simultaneously which needs both hands on the short cable 4) connect device while holding down both buttons and page asks do I want to update firmware ... sure what else am I going to do, rewrite it myself? ... the "Yes update" button seems to be non-responsive and then error message flashes up Update Failed
b._session is null and browser becomes very sluggish, cpu fan kicks in signifying usually a runaway process (most likely the mytrezor plugin I expect) ... I think that is far as I will be taking testing with the Trezor for today. |
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So please stop comparing bitcoins to "filthy fiat" and bitcoiners to bankers and politicians. There is a long way to go before they they can stand the comparison.
in your socialist, monopolist addled academic mind maybe ... the guy on the street has more wisdom than you ivory tower pontificators and they know good money when they see it ... but hey, keep pumping your rotten statist pyramid schemes onto the masses and let your conscience follow you to the grave. |
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get rich schemas like the hyperinflationary Brazilian govt. issued reals you mean?
how many lives have they destroyed comparatively to all the little cons? the big fiat socialist con is the one you studiously (academically) avoid ...
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Our task to fight them, we are doing well.
Actually we don't even need to fight, just build an alternative system that is completely outside of their facist control. Enough with the BS compromise and 'working with regulators' memes, these are all essentially sops to the facists when examined closely. |
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so they already had bitcoin 250k years ago? ^^ Yes. 'bitcoin' precipitated the apocalypse last time around as well. Revelations is a historical account, not a prediction of the future. Cycles repeat. |
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