Who's Boring? They are so far off the pace these people look like time traveller's from the past who just landed trying to advocate and enforce buggy-whip/horse-dung removal laws from the 1900's ... if they are not submitting on github they may as well be be talking to the wall for all the relevancy they effectively muster ... they're smoking something to be looking so dopey. http://nakamotoinstitute.org/mempool/speculative-attack/The kids on the other hand are getting it ... if you over 30 and wedded to the existing structures you'll be roadkill the tech. is advancing that fast now. |
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Off chain activity is increasing whereby only settlement and clearing functions are done in the blockchain ... think Coinbase, how many actual TX do they do on the chain and how many internally? |
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Safer, read the OP and the web site to find out why.
As a non-tech user it sounds safer but I wanted to hear from people who know more than I do. wait until it is field tested. |
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... the tide went waaaaaay out, it's on its way.
Don't run down to the beach to look at the stranded fish kids.
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Have you even looked into the ethereum technology? You sound kind of bitter on a new tech. because ... there is money involved (?), it makes no sense, especially seen through the eyes of bitcoin early adopter ...
The only real response I can muster to this kind of tone is "trollololololol". except a) you demonstrably can't do math b) you probably have no clue about ethereum given your evasive response and c) slinging troll accusations around is much easier than explaining your positions ... (path of least resistance is usually taken by innumerate idiots) |
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The banks are regulating themselves out of business, literally. It is a broken model and ultimately not sustainable. They are dying businesses.
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Wow I was mistaken in order of magnitude in the quick mental math because of the figures they proposed for the news leading up to the delayed February IPO.
This seems super duper sketchy that they can raise VC-level money on a crowd sale for something that is not even guaranteed to ever exist. And that they shopped around for a jurisdiction that would allow them to do this without immediately getting investigated for securities fraud.
they won at the jurisdictional arbitrage game ... so what? Have you even looked into the ethereum technology? You sound kind of bitter on a new tech. because ... there is money involved (?), it makes no sense, especially seen through the eyes of bitcoin early adopter ... (Disclaimer: I own zero ETH) |
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It's doubtful that market movement has anything to do with ether ipo dumping, the scale of the ipo so far is only around $40,000 worth of bitcoin. Ethereum does have a "FUD" element about it though as far as market sentiment, because the speculative motivation for purchasing is the greatest altcoin pump-and-dump script in history, whereby they intend to solve every single problem or limitation inherent to Bitcoin with a fresh general-purpose system that doesn't exist yet or may not even ever be technologically possible.
hmmm, back to math class? 12 mill ether @ 2000 eth/btc ... you do the math, again? |
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Could the dumps be related to the ethereum ipo launch?
The IPO was payed in BTC. The recipient could be dumping them all on an exchange. Seems unlikely though. Ah yeah, that could make sense. I was thinking: If they acquire a lot of BTC, the supply actually would go down so there'd be no reason for the price to drop. But you've got a valid point there - although you're right that it's not that probable! they aren't dumping them. they have all the received btc in a multi-sig wallet address. They will dump them. The market is anticipating that. Wrong ... it is net zero, since people that want to buy ETH who do not currently hold BTC are now buying BTC in order to buy ETH so creating additional BTC demand. On quite good authority ethereum are not selling BTC in large quantities but only as/when needed ... the effect is much larger psychological effect whereby the market is now cognizant of a new competitor on the block, simple as that. |
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New Zealander here. Surprised to see that there hasn't been any mention of this in the news. Couldn't find any mention of it in the front pages of any of the major news websites here either. It would be nice if there was more interest in Bitcoin in New Zealand but I guess us kiwis don't find cryptocurrencies to be newsworthy.  Recall quite often that the anglo-axis PTB will test-run new policy, laws, tech., etc, in NZ because it is small contained microcosm of the wider sphere, usually as a experiment or trial balloon ... Maybe it's all happening in stealth mode  would be fitting for the next cryptobanking capital of the world. |
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If I could place a bet somewhere it would be that the Google of crypto is being seed funded the second half of this year or the first half of next ...
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Almost certainly the gift economy of small familial based tribes preceded barter and still is in widespread existence today, e.g. your father gives you some tomatoes he grew himself and you want to repay that by helping him with a ride to the airport, but is that really a debt as there is no expectation of repayment? ... whether money originated as a mechanism to track "debts" is a big stretch from familial gift economy.
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Well done DELL ... dammit I just went with HP, every DELL I have ever had has performed flawlessly to EOL, with whatever hack linux OS I have thrown at it. I'm gonna go and buy a DELL now just because I can.
NY regulation pontifications just show how irrelevant regulations are to bitcoin ... anyone stop transacting?, anything really change? afaik the network didn't miss a beat, it is all just hot air by impotent guys in suits. All the beating of drums about "engage with the regulators" is more hot air and BS, theatre of the absurd.
Money doesn't need regulations, it just IS ... like ideas
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I don't think everyone understands that this guy is talking about an algorithm (something that would be a part of the code) and not an actual central bank. I think it would be great to have an algorithm that could dynamically adjust coin generation based on the global supply and demand of the coin, which would damper price flucuations. But the issue to do it in a way that was clear and transparant, and couldn't be manipulated by miners, whales, exchanges, etc. It might not be possible because there's no obvious way to sample the supply and demand of bitcoin since that happens outside of the code, in exchanges or private transactions.
On that same note, bitcoin would be just as useful even if it didn't have a 21M cap or halving every 4 years. The key isn't the total fixed supply, it's the predictability of the generation. It's factored into the determination of price, which is why the first bitcoin halving didn't have a significant effect on the price (Other than assuring the market that the network wouldn't break, lol). Bitcoin could have kept generating 50 coins/10 minutes forever, and bitcoin wouldn't lose any real capability. And prices would have still risen because the demand has far outpaced coin generation.
... all these models suffer from a disconnect with reality. How do you measure and monitor the economy sufficiently accurately enough in a manner that is not prone to centralised failures? You cannot feed inputs into a system that bases its utility on a distributed network, via a centralised measuring/monitoring signal and expect it to retain the robustness that makes it superior. |
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Here's some ideas: Bitcoin Foundation Electronic Frontier Foundation Let's Talk Bitcoin webcast (Adam Levine, et al) XKCD Web Comic (not exactly a charity, but who doesn't love his work? http://xkcd.com/538/) Cryptocat Freenet LibreOffice Linux Mint (this is my primary OS, so I'm a bit biased towards them!) The Tor project Open Transactions. http://opentransactions.org/wiki/index.php?title=Main_Page |
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Truly an inspiring story:
We need to make the most out of every day, since we never know when our health might no longer be good.
Amen to that. |
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This is one of the catalysts I am looking for to spark a Bitcoin rally like no other:
The next time the world has a financial crisis, Bitcoin will soar to the heavens as central banks around the world print to oblivion.
Central banks are all tapped out, they cant do any more printing on that kind of scale. The only 'bank' with a clean balance sheet is the IMF. Next time reality bends the financial class over and kicks it in the nuts, the IMF is the only institution that can step in by printing SDR's. When this happens you're going to see a revaluation of gold, as gold will be included in the new basket of currencies And to be in an asset that sits outside the regular financial system at that time, decentralised and immune (to an extent), is the place to be and why everyone is so confident in btc. In that case I'd say it will be Gold UP, Bitcoin WAY UP. I agree with some what you posted. I still believe the central banks will inflate to oblivion whether it be on paper or digitally. Revaluation can happen also after a hyperinflation weimar-style as well. SDR's are no different than any other fiat so it really doesn't matter if it is them or the fed. I don't think they will inflate ... it has been quite well telegraphed already that they will play the bail-in card, i.e. steal directly from 'wealthy' bank accounts. This evil idea has also been promoted widely and loudly by the IMF mandarins. Of course, widespread bail-ins happening in the current broken fiat bank system are insanely bullish for hard to seize assets, like bitcoin. |
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FAIL!!!! which part of decentralised currency sounds like centralised to them I wonder?
