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Any tapeout news from Black Arrow would be highly appreciated. Thanks.
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The Groupthink runs strong in you!
No, you're the group think from mainstream central banking and sheep country. |
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Are there any updates re: merger/takeover?
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Most economist worship the centralized model and bitcoin is not that. That's their problem.
No, that's your problem. Central Banks serve a very real and absolute purpose to the economies of all modern industrialized nations. They are essential, as time and history has clearly proven. Yes, they are a problem. They create inflation which farks everything up. Bitcoin as a decentralised system will prove that central banks are surplus to requirements. |
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ok who pays after the last satoshi is mined for the blockchain manteinance? transaction fees. But why should this be big enough? why do not let the transactions free and remine the coins?
Big enough for what? Free transactions means blockchain spam. What does remine mean? the cost of transactions is equally divided in all existing bitcoins, as a deposit and manteinace cost. I do not think there will be spam, but if you please we can keep a very low transaction fee. If you're still alive in 2140, you can worry about this problem. By that stage I think 1 Btc should be worth more than $1 Million in today's dollars. Therefore, transaction fees will be plenty enough for low energy ASIC systems. if there will be an alt coin with 0 transaction fees, there will be no bitcoin in 2140. In that case GTFO and go build your 0 transaction fee alt coin. What are you waiting for? |
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yeah they said mining to start mid November, heard nothing there communication is terrible, they never reply to emails .. just wondered if anyone else brought batch 1 and had heard anything
Communication is terrible. I believe they are waiting for hashslow to deliver equipment which isn't happening anytime soon. |
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ok who pays after the last satoshi is mined for the blockchain manteinance? transaction fees. But why should this be big enough? why do not let the transactions free and remine the coins?
Big enough for what? Free transactions means blockchain spam. What does remine mean? the cost of transactions is equally divided in all existing bitcoins, as a deposit and manteinace cost. I do not think there will be spam, but if you please we can keep a very low transaction fee. If you're still alive in 2140, you can worry about this problem. By that stage I think 1 Btc should be worth more than $1 Million in today's dollars. Therefore, transaction fees will be plenty enough for low energy ASIC systems. |
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Then it immediately crashed.
Then it creeped back up to almost what I paid for it...
Then it immediately crashed.
Then it creeped back up to almost what I paid for it...
Then it immediately crashed.
Then it creeped back up to almost what I paid for it...
Now it appears to be crashing again.
Ay yi yi. I am beginning to think this is all just a grand conspiracy to screw with me.
See this site: www.bitcoinpulse.comWallet growth rate is 29.91% per MONTH. You have nothing to worry about. When Btc user base increases from 1 million to 10 million, we would only be scratching the surface. To get to 1% of the population requires a user base of 70 million. That's why so many people recommend a buy and forget strategy for 6 to 12 months. |
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These will be unsalable, unusable, completely tainted marked coins.
They will not be allowed to enter the Bitcoin community.
They will be completely rejected by the networks.
The FBI can't even MASK the coins acting like 100s of people etc.
It is all traced back to them.
Gotcha scammers.
I don't know man. I've seen some Feds hanging around my localbitcoin trying to flog off btcs. Lol. |
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I have been bearish since the last crash rationalising my coldness on Bitcoin with this China thing still needing to be played out but events have proven that my attitude has forced me to miss out on almost 100% profits to date (I did actually have heavy buy-ins triggered at ~$540). I have traded the rise here and there, turning a small slice of profit as things have went, give or take the odd stint if idiotic profit raping panic selling. The thing that is knawing at me, is do I buy in now all the same in the hope that the whole China thing will somehow be gleaned over, and that Bitcoin can look forward to its otherwise admittedly bright looking future, or do I do the thing that common sense seems to be yelling at me and stay the fuck out until China is done and dusted.
I am not so sure. I feel that in China the gloomy outlook has been built in the current price and those who would quit has done so. As I do scrapping, I always keep half of my hand in coins and half in cash, thus if it really go down I would still leverage the opportunity. You are a very smart man but I mostly admire your patience in waiting for a dip. I tried to wait but I can't stop buying. |
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but no one noticed that litecoin provides millions extracoins to the economy? how can you really belive that cryptocurrencies as a whole colud turn out to be actually deflationary? you'd better start thinking about it: what if litecoin succeds?
Most cryptocurrencies that I know reward early miners disproportionaly, that is one problem independent of deflation or, and promote aristocracy which can cause serious political problems, which is why I propose a "Rolling" Blockchain Deflation, or Inflation can be induced this way now by stretching or shrinking the Valid Blockchain Window. Maybe Invalidation threshold can be decided by a de'facto concessus between the Independent Private Invalidation Threshold that miners choose. No. This is not correct. Btc rewards early miners who spend their btcs when btcs reach a level that makes them feel wealthy. Over time, Btc distribution will become fairer. Anyway, Btc market is only $10 B for goodness sakes! Credit money increases the gap between rich and poor because fiat is being devalued via asset price inflation. This is the real problem causing inequality and the loss of social cohesion. As mentioned before, take the rolling blockchain idea and build your own coin and see how many people use your inflationary coin. Not many will I suspect. Don't try to fix what ain't broke. Please don't mix the issues here: The rolling blockchain achieves 2 things 1: Justice (and don't naysay me period) 2: Discourages hoarding, will increase utility hence survivability 3: Act as recycling mechanism or a rolling reboot of the economy A further improvement by decoupling invalidation and creation rates can provide 1: Control over inflating/deflating the economy the beauty here is that every miner can at this point play the role of a central banker by a tiny bit Oh puhleassse, spare us. Go build your own effing coin and prove to us it's better. What justice? According to you? Every single person who owns bitcoins CHOSE to use bitcoins. It's the ultimate democratic currency. As a Greek, you should have some idea about that instead of trying to ram your ideas down our throats. |
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Bitcoin as a decentralised automated monetary system also obviates the need for economists and central banksters.
and workforce Economists and banksters can go get real jobs. |
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Bitcoin as a decentralised automated monetary system also obviates the need for economists and central banksters.
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but no one noticed that litecoin provides millions extracoins to the economy? how can you really belive that cryptocurrencies as a whole colud turn out to be actually deflationary? you'd better start thinking about it: what if litecoin succeds?
Most cryptocurrencies that I know reward early miners disproportionaly, that is one problem independent of deflation or, and promote aristocracy which can cause serious political problems, which is why I propose a "Rolling" Blockchain Deflation, or Inflation can be induced this way now by stretching or shrinking the Valid Blockchain Window. Maybe Invalidation threshold can be decided by a de'facto concessus between the Independent Private Invalidation Threshold that miners choose. No. This is not correct. Btc rewards early miners who spend their btcs when btcs reach a level that makes them feel wealthy. Over time, Btc distribution will become fairer. Anyway, Btc market is only $10 B for goodness sakes! Credit money increases the gap between rich and poor because fiat is being devalued via asset price inflation. This is the real problem causing inequality and the loss of social cohesion. As mentioned before, take the rolling blockchain idea and build your own coin and see how many people use your inflationary coin. Not many will I suspect. Don't try to fix what ain't broke. |
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Economists are allergic to deflation and bitcoin is a deflationary currency. Yes i agree that deep down they fear that their bulldust inflationary theories are false.
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Well English is not my native language so please. When I mean Euro in Greece is appreciating, I mean Euro's value is appreciating against Greece's average household (given that most people own their house). What does euro "appreciating for me" means?
The probs in greece is not due to current euro deflation, it's due to greece borrowing too much in the past and greece can't pay it back because the econ is unproductive. If you find Btc deflation objectionable use an alt coin with built in inflation. Btc doesn't have the built in problems of the euro yet because there in min debt in Btc. Btc works because it is the coin that most people prefer right now. The part about greece is oversimplification but Im not going to argue about it. As long as I have the option of not beeing forced to trade my assets for bitcoins in the future I will be happy, but can you make that guarantie? Simple, no one forces anyone to use Btc unlike the Euro and other Fiat currencies. You don't like it, you move it to something else - end of story. |
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Well English is not my native language so please. When I mean Euro in Greece is appreciating, I mean Euro's value is appreciating against Greece's average household (given that most people own their house). What does euro "appreciating for me" means?
The probs in greece is not due to current euro deflation, it's due to greece borrowing too much in the past and greece can't pay it back because the econ is unproductive. If you find Btc deflation objectionable use an alt coin with built in inflation. Btc doesn't have the built in problems of the euro yet because there in min debt in Btc. Btc works because it is the coin that most people prefer right now. |
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Thats interesting indeed
Thats interesting...
You did get your post count up (to 2) with these two jewels... BTC China's pre-paid card deposit option would eventually be banned by the chinese gov.
It seems inevitable that BTC China is doomed.
Is that you mayax? Can someone please post a set of links helping people understand this china issue. Friends and myself all thought China would be dropping BTC and that volumes traded would decrease... and this would drop the prices but today they are still booming.
I have done some trading between Alt coins on BTCE but i mainly just put my wages into BTC in hope to help me pay off my mortgage that lil bit faster. I would hate to have all those months of savings lost due to my lack of knowledge regarding china.
I have no idea where the price is heading in the short term and anyone who is honest will tell you the same. I believe in Bitcoin so I expect that over time the general trend will be up (with or without China and India) with lots of ups and downs along the way. There is only one thing we know for sure: mayax is full of shit. +99 |
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no one is talking about never ending growth. the fact that you attribute a price of 10 dollars reasonable but 10 thousand unreasonable just shows how ridiculous your logic is and what a troll you are. stop talking bitcoin value terms,i know thats what gets everyone hard here but it is irrelevant. is the cryptographic asset class worth 10 billion? I think 1 trillion is a low ball estimate, especially due to the incoming haircuts and aggressive tax prosecution. gold is worth 5 trillion and it does nothing but sit in a vault. stfu and stop spreading fud
+1 |
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I think that it is a nice suggestion that I should build my own coin. But sadly I don't have the time or resources to even compete with bitcoin, not to mention the probable upcoming coins that bitcoin won't be able to compete with. That's the beauty of it all, if you don't like it then don't use it. Go use something else you think is better. Go to another forum and promote your own coin. No point being all superior and saying Bitcoin is bad and will crash etc...
Well, this is not exactly the first time when I was told to leave if I refuse to sing the same song of Bitcoin's Never-ending Success. But no, I wont leave, because I still consider the topic interesting and there are also people in the community who have interesting thoughts and who are not cheer-leading with religious fanaticism. When the majority of the community tries to drive those away who think different or who criticize the mainstream knowledge, then the community can't be considered very progressive. AFAIK, you have one week left before your crash predictions are proven totally imaginary.
It may come as a shock but predictions are imaginary. Predictions, or in this case speculations, can't be perceived with empirical proof and are theoretical in nature. Also, one of my main points was that the Bitcoin market is highly manipulated and the wealth is highly concentrated, what makes the market highly unpredictable. I don't know how deep are he pockets of those in control or if their reach goes far enough to present false market data at the exchanges. Factors like that are important when speculating the future price at the bitcoin market. My speculations were done for entertainment, by considering the history of previous manipulation methods used, not for serious financial analysis. The unpredictable nature has led me to believe that I probably won't invest back before a similar situation emerges then we saw at the end of October where bigger plans of pumps are set in motion. And it wouldn't irritate me if the price will rise during this period, because to me it is the same as to get upset from observing the roulette table and cursing at yourself "Only if I would have put my money on red, I could have won...". Gambling is still gambling, even if you would have won.. The irony is lost on you! You criticise Btc yet you are willing to gamble on it. You say it is flawed yet you don't offer a better alternative. Did satoshi whinge about fiat currencies? No, he did something about it. You make false predictions and say you are happy with it. My friend, when are you going to offer solutions?!? If you don't have any, take a hint: gtfo. |
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