ya gotta believe the ENTIRE gold community is reading this thread:  |
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oh noe! shit!  |
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drumroll...the little green line is starting to rise:  |
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Gold has an up and coming date with Bitcoin. Satoshi won't be kind this time by putting his fist through the face of gold.
Although we can't be sure Satoshi isn't a woman who doesn't believe in violence. Even so, when it happens, you gotta believe there will be some sort of fireworks.
considering we are talking about two arbitrary units (1 bitcoin, and 1 oz) compared to a third party (usd), you must see how ridiculous this is. but i agree, it is exciting for some reason... go humans  The fact of the matter is gold's value is always expressed in terms of the USD unit of account despite hypocrite Jim Rickards always leveling that criticism against Bitcoin. Therefore it's quite reasonable to reference gold versus Bitcoin in this manner. The only time gold is expressed in its own terms is when we talk about buying a men's suit. |
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Gold has an up and coming date with Bitcoin. Satoshi won't be kind this time by putting his fist through the face of gold.
Although we can't be sure Satoshi isn't a woman who doesn't believe in violence. Even so, when it happens, you gotta believe there will be some sort of fireworks.
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Dear Shorts, it's only going to get worse when that little green line turns UP. Sincerely, cypherdoc  calculated at current price, that "little green line" is still 5 times higher than the red one. I wonder if that is the market pricing in the relative "danger" of borrowing bitcoin? |
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Gold collapsing. Bitcoin up.
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traderCJ & Teebone, i warned you about this. and guess what? Bitcoin unaffected!:  |
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up close and dirty. tonite's futures:  |
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Paging traderCJ & Teebone! oh noes! gold commencing the plunge!:  |
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CH,
are you Jonathan Levin by any chance?
Never heard of him. I think you sound like someone I know of though, do you by chance keep getting banned from a poker forum?  Anyways, let's agree to disagree on the last remaining difference... the ability of the government to 51% attack Bitcoin. To make it clear, I also think it is unlikely to happen, but I do feel like they have the ability if they chose to do so. nvr play poker. yeah, i think like most arguments in Bitcoin, it comes down to one's outlook on life. i've learned to be an optimist, altho hopefully not blind-fully so. perhaps i've been listening to too much Andreesen.  btw, have you noticed? it's Rally Time. |
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shorts in full flight and the green little line still hasn't even turned up yet:  |
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CH, are you Jonathan Levin by any chance? unfortunately i used the wrong term to describe a 51% attack, ie, hack. we have been talking about the same thing despite my carelessness in terms. you can infer that from the context of my post. i still disagree with the likelihood of a 51% attack. the game theory doesn't match up with it, imo. there are too many varied interests within gvt (is that better?). it won't act like a monolith. politicians are now accepting BTC. Wall St interests have gotten involved. we have billionaires Branson & Ka Shing. the political blowback would be tremendous. i think the benefits of working with Bitcoin will be seen. just b/c something is possible doesn't mean it will or is likely to happen. the earth can spin off it's axis and plunge into the sun, you know. it would be interesting to see if it's still possible at this point to route enough electrical power and water flow into a single geographic region to run a big enough secret datacenter dedicated to malicious mining. as to gvt competence, does this sound like the great NSA you've ascribed such legendary powers to?: http://www.govtech.com/federal/New-NSA-Data-Center-Too-Big-Not-to-Explode.html |
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holy crap. that is amazing! I'm not sure I understand it. Don't people buy PMs primarily because they want to trade away a currency they perceive as being a poor store of value for the commodity with a proven record? If they believe bitcoin also has these properties, are they not just cutting themselves out of the equation, or are they planning on capitalizing on the fees they will inevitably charge to convert dollars to bitcoins before a user can make a purchase? I'm all for the "Dollars not accepted here" movement, but not really from the people selling bitcoins and PMs.... That's where we want to dump our dollars. Amagi doesn't want your USD's, they want your BTC. also, from the sounds of it, they like BTC better than gold. |
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further up the thread, you were the one who said something to the effect that if someone gave you enough money you could easily destroy Bitcoin in about a few seconds, or something braggadocio like that. that's more than just a little hubris here. i never said something like that about POS. you are the one who keeps insisting it's a "fact" that POW can be destroyed. i never said something so definitive like that either.
It is a fact that it is possible any PoW coin can be destroyed, just as it is a fact and PoS coin can be destroyed. If someone has enough time, money, reason, and gives enough effort it can be done much easier than you would like to admit. Give me a billion dollars and I will show you. i find it also interesting about the circumstances of your scammer debacle. you borrowed Bitcoin. and in 2013 before the huge run up. someone who truly understands Bitcoin would never do such a foolish thing. those of us who do understand it know that it's a deflationary currency that's likely to ramp in value. part of that understanding is that it's a secure technology. no wonder you got trapped in a debt you couldn't pay back. now stop and think for a moment; a rational person would try to learn from a major error like that. like what went wrong.
it doesn't sound like you have.
I did learn a lesson. Never get a loan denominated in Bitcoins, as the value fluctuates wildly and it can lead to never being able to pay back the loan. Don't act like you know what is going on inside my head in regards to that, and talk out of your ass when you say "I didn't learn a lesson." Are you psychic? I believed Bitcoin would rise in value. Ask anyone that knows me irl. I just didn't think it would rise in value as fast as it did. It went from $150 to $1200 in 4 months. I think just about everyone did not expect such a huge run up in price that quickly. That would have pretty much been best case scenario predictions in August. If it were so easy to tell that it would do that, then a lot more people would have bet huge... only a handful of people did that. Hindsight is 20/20. Anyways.. enough about me. I mentioned your involvement with Hash Fast because it was applicable to the debate... poW opens people up to get scammed by ASIC manufacturers. It seems you want to talk about our personal issues, so how much did you get paid out of customer funds to shill for Hash Fast? How many free mining rigs did they give you which were paid for out of customer funds? i can't and won't talk about that b/c there are legal issues involved. no, you bring that personal shit up b/c you still don't understand Bitcoin and you're using all sorts of BS arguments to defend your position as flawed as it may be. everyone knows it's possible POW might be hacked. but it's like talking about the possibility of a key collision. it's highly unlikely at this point. you continue to ignore the fact that $6-7 billion and at times more has just been sitting their on the blockchain begging to be stolen. why hasn't it happened? you say "they don't want to". that's ridiculous. sure they do. look at all the stumbling over themselves the gubmint has done to try and block Bitcoin. look at the Bitlicense proposals. no, gubmints like to do the easy things, like regulate or print money. they don't like to work. hmmm, funny, just like POS ppl. and just which gubmint will do the attack? the US? what about China or Russia? maybe they're building secret mines themselves so as to overthrow the USD and protect Bitcoin. you don't know. gubmints won't collude to destroy Bitcoin; there's too much opportunity for them to use it themselves for financial gain. |
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thanks. wow, a year and 9mo of Bitcoin acceptance experience. they do understand Bitcoin then. and it seems quite well. it also must be treating them extremely well to make such a drastic switch away from USD and indirectly away from gold. if that's not a statement, i don't know what is. edit: btw, i love that logo |
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the difference being it wouldn't even be worth my time. for you, however, it would be.
in other words, POW has nothing to prove, POS does.
No, it would not be worth my time. I don't own any crypto currencies at the moment, and am an unbiased observer giving his honest opinion. I'm not sure you are quite so impartial, whether it is intentional or not. It definitely would not be worth the time, money, and effort just to prove you wrong. I am here discussing and debating crypto currencies because they fascinate me, I think they are generally a great idea, and I would like to see control of the money supply taken away from the government as they have proven themselves incompetent by printing money left and right. "PoW has nothing to prove, PoS does" More ignorance.. you do not know what will happen in the future, you can only speculate, and Bitcoin/PoW is still a relatively new technology. Windows XP has been out since 2001 and people are still discovering vulnerabilities. Even if more vulnerabilities aren't discovered, which is highly unlikely due to history and statistics, you are speculating on how ASIC mining will play out. My prediction is not so hunky dory as yours. Both PoW and PoS technologies are unproven at this point. further up the thread, you were the one who said something to the effect that if someone gave you enough money you could easily destroy Bitcoin in about a few seconds, or something braggadocio like that. that's more than just a little hubris here. i never said something like that about POS. you are the one who keeps insisting it's a "fact" that POW can be destroyed. i never said something so definitive like that either. i find it also interesting about the circumstances of your scammer debacle. you borrowed Bitcoin. and in 2013 before the huge run up. someone who truly understands Bitcoin would never do such a foolish thing. those of us who do understand it know that it's a deflationary currency that's likely to ramp in value. part of that understanding is that it's a secure technology. no wonder you got trapped in a debt you couldn't pay back. now stop and think for a moment; a rational person would try to learn from a major error like that. like what went wrong. it doesn't sound like you have. |
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i actually do believe POW is better than POS. i guess that makes me ignorant. otoh, i am articulating the reasons why i think so. i suggest you consider them. It seems like you do believe that, I can tell, and you are certainly entitled to your own opinion. That isn't what I was talking about when referring to feigning ignorance. It is that you try to push your opinion on everyone else as if it is fact and ignore the fact that PoW has vulnerabilities also. You act as if it's impossible to attack a PoW coin, which is quite a stretch of the truth. Sure, it is unlikely, but it is far from impossible. The same applies with PoS, it is unlikely someone would be able to attack it, but it is far from impossible. There are two sides to the debate, each side has valid arguments, but it is your reluctance to admit that your side of the debate has some holes in it that makes you ignorant (or feigning ignorance.) I can admit PoS has flaws, you seem to be having a hard time admitting that PoW has flaws as well. By the way.. your offer of me to go root ghash.io or discus fish and 51% attack Bitcoin... I extend the same offer to you. Go attack a PoS coin using one of the known vulnerabilities and report back to me...... the difference being it wouldn't even be worth my time. for you, however, it would be. in other words, POW has nothing to prove, POS does. |
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@falllling ill bet 5 BTC, the price will be higher than 300$/BTC after 3 days. Get an escow and make the bet or else stop trolling and go get a fucking job!
this is his job. they pay him $2/hr. |
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