300 dollar bitcoins where's that picture of you chasing the train?
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all these sub 500 dips are being bought; by me.
you must feel like atlas. GL with that. you have no idea
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hmmm, what's that little hook over there on the right?
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this goes to show how sickly our New Home Sales recovery has been:
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Sub $500 is a buy. Buy buy buy...
yes, yes, yes
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all these sub 500 dips are being bought; by me.
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the idea continues to catch on: Transport and Velocity: Could Bitcoin be a Replacement for Gold?"People can hold stores of it, as well as spend it – a property that gold cannot compete with.
“It’s important to note that gold isn’t used as currency anywhere today,” said Ash."http://www.coindesk.com/transport-velocity-bitcoin-replacement-gold/
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What a great meme.
I be howling and hodling.
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What do you think of this http://www.tfmetalsreport.com/blog/6065/swiss-gold-initiative? "Interest is beginning to build, awareness is growing and the date of the national referendum has been set. Later this year, on November 30, the good people of Switzerland will finally get an opportunity to make their voices heard. The Swiss Gold Initiative can be roughly stated in three parts: 1 The halting of all Swiss gold sales 2 The repatriation of all Swiss gold that is held in foreign vaults 3 Resume backing the Swiss Franc with gold, at a minimum level of 20%" Not much, obviously
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perhaps you should consider rephrasing "Bitcoin isn't any good to anyone in its current state" to "Bitcoin's ancillary services aren't any good to anyone in its current state"?
meh. Don't want anyone to get complacent. Respectable goal
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Furthermore, what they are doing adds helpful pressure to implement better mixing/anonymity by default, as evident by your concerns. The gambling sites, users, and wallet devs are all reacting to the pressure in positive ways. If "due diligence" for tracking coins from gambling sites is "1 hop" then the coins can be sent using 2 hops, etc. It's just a game to pacify the regulators--Coinbase pretends to care and so implements a coin-tracking policy, and we route around it (becoming stronger in the process). I agree that the pressure is good for Bitcoin in the long run. We don't actually disagree. See what I originally wrote: But first we better get to work on better privacy techniques.
Bitcoin isn't any good to anyone in its current state.
The gambling sites, users, and wallet devs are all reacting to the pressure precisely because the status quo is in adequate. perhaps you should consider rephrasing "Bitcoin isn't any good to anyone in its current state" to "Bitcoin's ancillary services aren't any good to anyone in its current state"?
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do you think you could de-anonymize most, if not all, addresses on the blockchain today with enough resources at your disposal? cuz you make it sound like you can. If proper countermeasures were not taken by the community it would be possible, given that "with enough resources" can mean almost anything. i'm talking about NSA level of resources. so you admit that one can obtain anonymity as long as they are not Coinbase users, ppl who leave their addresses on the forum here, or who perform traffic analysis type tx errors routinely, etc?
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But first we better get to work on better privacy techniques.
Bitcoin isn't any good to anyone in its current state.
you keep saying this about Bitcoin's anonymity properties. if true, why haven't you identified the mtgox crooks yet and sold off the info? you'd make alot doing so... edit: not to mention identities of the numerous other thefts in Bitcoin-land. For one thing, we don't know that any bitcoin were actually stolen from Mt Gox. They might have bene running a ponzi/fractional reserve. The other thing is that even if the surveillance infrastructure isn't very effective today the one thing we know it's only going to get better over time. Information being leaked today is a problem, even if no adversaries are going to be able to exploit it until tomorrow, because the blockchain will still be here tomorrow. let me ask it another way. do you think you could de-anonymize most, if not all, addresses on the blockchain today with enough resources at your disposal? cuz you make it sound like you can. edit: i'm not talking about Coinbase users, ppl who leave their addresses on the forum here, or who perform traffic analysis type tx errors routinely.
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But first we better get to work on better privacy techniques.
Bitcoin isn't any good to anyone in its current state.
you keep saying this about Bitcoin's anonymity properties. if true, why haven't you identified the mtgox crooks yet and sold off the info? you'd make alot doing so... edit: not to mention identities of the numerous other thefts in Bitcoin-land.
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A Bitcoin-native company requires no bank account. It doesn't even really require a physical nexus at all.
All it takes is one legal jurisdiction, somewhere in the world, that's friendly toward Bitcoin-native corporations and then then giant sucking sound you'll hear will be all the foreign subsidiaries moving there.
i wish this were really true. it seems many/most need banking accts yet are being obstructed by the banks. i wonder how Blockchain.info does it? you're right though; once a Bitcoin safe haven opens up, you should hear that sucking sound. but at what cost to that jurisdiction's banks?
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I'm sure the leaders of the good ole US of A wish they could declare a jubilee for themselves we've done it twice before, 1933 and 1971, and we'll most likely do it again. under threat of gun point, of course.
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molecular, is this the same book you recommended a coupla months ago? this explains why financial crises only occur when debt defaults start to domino, like we had in 2008 with the subprime crisis spreading throughout the system and the elites doing whatever it took, and still takes, to try and mitigate around the edges. those edges being, not surprisingly, the bailouts to the financial industry elites primarily and for the most part not to homeowners. what always sticks in my mind is the move from mark to market to mark to model which still is in effect for the most part. for the elites it's perfectly fine to mark to market "on the way up" but never on the way down. when the going gets tough, just change the rules. we keep coming close to a catalyst for another domino effect with the likes of Greece, Spain, and Argentina but we haven't quite gotten there. the next crisis will come from sovereign defaults as all the risk and toxic debt has been dumped onto gvts and their CB's. yes, they will print to save themselves, no doubt, which is why Bitcoin will ultimately succeed. or as stated above, we'll do a debt jubilee. wheeeee!!!! no wonder why we hear the criticism that Bitcoin "goes too far" as an often vague complaint from skeptics. the mathematical enforcement of debt obligations cannot be allowed to be enforced, let alone explored, for everyone. most of us just "aren't essential enough". edit: this is why the UST market is the key. when interest rates start going up, massive change will be afoot.
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oh noes, turning down again:
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Does not an unforgeable global ledger and a method writing information to that ledger via digital signatures have value independent of its use as a medium of exchange? Does this "save" the regression theory? Or is it better to sweep it away in favour of the "money is memory" point of view?
not in Bitcoin's case. the only reason the ledger is unforgeable is b/c of the embedded monetary units that incentive mining via the POW leading to the blockchain. they're inextricably linked. edit: maybe i'm not reading your intentions with that quite right. but i still think the blockchain may only ever be applicable to Bitcoin as money.
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