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6721  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 16, 2015, 07:17:00 PM
I've never blocked anyone in my life before. Unfortunately my record ends today. This thread is being utterly destroyed.

So make a private thread then and bring all the people who don't violate your cultural expectations.

Then you can convince yourself that the world is really some mirage that you expect it to be.

And you can pretend that the short snippets of what you may think is "on topic logic" isn't myopic redundant, aliasing error.

And then you can block out all that which you don't understand or don't want to understand or don't think is relevant. And go along your blissful, merry way to the repeating dismal outcome of collective groupthink social action.
6722  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 16, 2015, 07:11:13 PM
fortunately TPTB are not 1 person, they are a decentralized group of infallible humans incapable of loving each other with eternal affection and equal intensity they may not even know they are TPTB, and then there is the second tears in the hierarchy.  If Bitcoin is a tool for TPTB, the worst case is some of us are implicitly involved and indirectly subverting power from within the existing PTB hierarchy or from a tear above, it is most likely we aren't agents but lucky individuals who have front row seats to battle between the extremely powerful and the very powerful.

Occam's razor, suggests that's probably not the case.  
Reminds me of another conversation:

Remember that "government" is just a word - there is no monolithic entity with that name. Instead, there are a large number of individuals who all have their own individual goals and motivations. The extent to which they cooperate to enforce certain policies on the rest of the population is a function of how well their individual goals and motivations align with the goals of the organization itself.

Regulators can't stop Bitcoin any more than the RIAA could stop P2P file sharing, so there's no need for Bitcoin users to self-censor out of a misplaced hope that doing so will protect them.

Every time regulators attempt to stifle Bitcoin and are unsuccessful, Bitcoin will gain more credibility and more users - and very importantly many of those users will be "defectors" from the government side. As governments are finding themselves unable to stop Bitcoin, their organizations will slowly start to fill up with Bitcoin users. Identifying the positive feedback loop in this scenario is left as an exercise for the reader.

Do you really take solace in fooling yourself?

Yes of course they are distributed in space, but the results over and over indicated that the Logic of Collective Action rules and the result is they are centralized in effect. I already posted the following. Did you not read it?

http://armstrongeconomics.com/archives/33417

And I posted ad nauseum up thread explaining the Logic of Collective Action which rules our earth since time eternal.

And somehow you think sprinking the Bitcoin network with more fools who don't have hashrate and who don't have full nodes is somehow going to change that repeating outcome of entropy (aka a power vacuum)?

I mean I get frustrated because you don't even refute me. You just carry on repeating your same myopia over and over.

I am tired of that shit. Tired of that shit. Tired of that shit.
6723  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 16, 2015, 06:59:31 PM
Beware I writing this while listening to "Born on the Bayou" by CCR.

(a) you constantly make references to "TPTB" and attribute many events to conspiracy theories, without sufficient evidence.

Don't expect an identifiable Jesus. It is a phenomenon that has been going on for a long time. Just open your eyes. Have you actually done any research for example on 9/11. It is absolutely impossible the government's official story. You should know that as an engineer even you are not a civil engineer just a little bit of research will convince you. But it goes on over and over in history much further back than that.

One of the reasons I write with such frustration is because I can not comprehend how any engineer can be ignorant of the fact that 9/11 was planned by a very powerful entity.

Ignorance of the scientific research (and I am not referring to the "UFO" disinformation sites) is not innocence. It is derelict of your duty as a citizen of this earth, one of humanity, and your natural instinct and social responsibility as an engineer and scientist to make sure you test all the facts of such a major event that has been used to foist totalitarianism all over the planet.

Any engineer that says "conspiracy theory" to me immediately goes on my "ignoramus sheep" irresponsible list.

I am a sheepdog. I am protecting society. Are you? If you are not, then you are in cohoots with the other side via at least via laziness.

Doctors take a Hippocratic oath to serve. As an engineer I always felt I took an implicit oath to serve and protect, especially when the issue is momentous.

Caution: the MP3 list has transitioned to "Time" by Pink Floyd... (my demeanor may change accordingly)


(d) by challenging people to fist fights, you're just being downright weird.

That was pretty lame. But I do come from an era and the Deep South where gentlemen settled their differences this way when it had devolved into ad hominem BS and then it was done (go drink a beer together bloodied).

It is weird for you perhaps because maybe you didn't grow up in my culture. You just don't go talking this way to each other (the way Cypherdoc does) where I come from without getting your ass kicked.

In southern gentleman's manner, you act like a gentleman and you are treated as one. Act like a savage and you are dealt with as one.

In summary, I think you are intelligent and have things to offer to the conversation, but I do wish you'd try to improve the delivery of your message.

There is so much noise here in this thread that I had to take some kind of medicine just to deal with enduring it. It is boring (redundant noise) as hell and just trying to liven it up so I don't fall asleep. And waiting for those morsels that make it all worth while.

Such as for example the posts from tvbcof and Mixles. Those paid for my ticket of admission here several times over.

Other factors in addition to the frustration mentioned above, include the fact that my entire life I had to release testosterone twice daily, else I was a tiger. But now with this M.S., I am often wallowing and struggling with fatigue and I can't keep my testosterone level. The mere unrelenting struggle of it is enough to wear down the patience of a human after 3 years of this daily shit. I had two good productive months in April and May where I went mostly silent and programmed a new social network, but then I came back and tried to do much and worked myself into an unbalanced physical health state. Well I just did 120 pushups, ran 2 kms in 8 mins, ran 4 x 150m sprints, and released that excess and again exonerated myself that I am making progress on my physical performance.

Other factors include my cultural influences such as how my mother related to me recently that living in Washington State has the disadvantage that she can't be standing on the street in New Orleans waiting for a Trolley car and the city bus stop, the door fly open, and the female bus driver yelling, "Hey darling, why are you standing there, you need to get in this bus".

We southerners are different from you northerners. We have an ethos about respect but also we LOVE TO TALK AND TALK AND TALK.

There are other factors such as I played American Football (with a helmet) competitively in both high school and college. Meaning I broke the legs and ribs of men much bigger than I am. Thus I don't like pussies who hide behind the internet. I am accustomed to go up against real men and may the strongest win. If Cypherdoc attempted that shit in our lockeroom, he would find himself tied butt naked to the bleachers. Lol, actually I can picture that.  Cheesy

Last  but probably not least my stepfather was 6'2" and 220 lbs when I was 12 years old and perhaps 5'2" and 110 lbs. I used to let him throw me down the stairs and bully me around. I was the nerd who relished letting others think they were tough. And then I took out my frustrations on the football field where very few could catch me because of my speed and agile body and when they did catch me, I would punish them with a forearm to the chest or a helmet into ribs.

I learned early on, hit or be hit. And I learned you never fail until you fail to get up.

And last I will say I was so fierce that the coach put tiny me on the offensive line! I was blocking guys twice my size and effectively. It was really weird. I think I am perhaps the only guy that small they ever put on the offensive line.

So yes I am proud of both my intellectual and my physical accomplishments. I fought for every thing in life.


And I am not about to stop now.
6724  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 16, 2015, 05:46:12 PM
once this happens, Gavin and Mike will be happy to recruit a whole new core dev team to minimize the chances of such a huge disagreement happening once again.  everyone is for diversity but this hostage situation is way over the top and can't be tolerated.  

Didn't you just write we could easily fork away from Gavinmike  Huh

Your posts don't have logical continuity.
6725  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 16, 2015, 05:40:45 PM
I didn't recognize how unusual this is until later in life.

And that is why they don't understand when I post comments on both sides of an issue. I am weighing the probabilities.

And yes I am also not sure who invented Bitcoin.

But just step back for a moment and ask yourself who in the hell had the power to do 9/11?

And then you see the world differently than if you didn't think that power existed.

Then look at what is actually happening with Bitcoin.
6726  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 16, 2015, 05:33:27 PM
(a) you constantly make references to "TPTB" and attribute many events to conspiracy theories, without sufficient evidence.

Don't expect an identifiable Jesus. It is a phenomenon that has been going on for a long time. Just open your eyes. Have you actually done any research for example on 9/11. It is absolutely impossible the government's official story. You should know that as an engineer even you are not a civil engineer just a little bit of research will convince you. But it goes on over and over in history much further back than that.

(b) by posting voluminously on this thread in a way that distracts from the natural flow of conversation, I think you're being disrespectful.

I have a lot to say. If everyone else posted more too, then it would balance out. I guess I just think too fast?

I agree the stereotypical engineer's creed and culture is whitepapers, equations, and results over talk. You in fact do limit your posts usually to analysis backed by data and/or equations. Kudos. But discussion is IMO another form of engineering. It is way I brainstorm ideas and bounce them off others.

I gave up a long time ago worrying about some civil level of discourse in public forums. If I tried to achieve that I would fail as has everyone else here.

Also I know repetition is important because ideas are lost in the thicket of people's preoccupations and attention spans.

All in all though, much better for my antagonists if I am here talking and not coding. So I should be taking your advice soon (but when I decide to and not when Cypherdoc thinks he has kicked me out)

(c) by constantly boasting about your intelligence and by making sexist and otherwise derogatory comments, you come across to me as both insecure and rude.

When I say someone else is making technological mistakes, that is not boasting about my intellect. That is pointing out they are making mistakes and over estimating their understanding of the issues.

I am sure I am not the smartest person in this thread. I had already stated Gmaxell is smarter than me in crypto-math. You can add Mixles to that list too, tvbcof is very smart, etc..

(d) by challenging people to fist fights, you're just being downright weird.

That was pretty lame. But I do come from an era and the Deep South where gentlemen settled their differences this way when it had devolved into ad hominem BS and then it was done (go drink a beer together bloodied).

It is weird for you perhaps because maybe you didn't grow up in my culture. You just don't go talking this way to each other (the way Cypherdoc does) where I come from without getting your ass kicked.

In southern gentleman's manner, you act like a gentleman and you are treated as one. Act like a savage and you are dealt with as one.

In summary, I think you are intelligent and have things to offer to the conversation, but I do wish you'd try to improve the delivery of your message.

There is so much noise here in this thread that I had to take some kind of medicine just to deal with enduring it. It is boring (redundant noise) as hell and just trying to liven it up so I don't fall asleep. And waiting for those morsels that make it all worth while.

Such as for example the posts from tvbcof and Mixles. Those paid for my ticket of admission here several times over.
6727  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 16, 2015, 05:10:25 PM
I don't think the full node count would scale as far as 12m in the growth example above, but payment channels for node services would at least reverse the decline even when it becomes necessary to support that loading.

I agree.  

I've been thinking a lot about full node count lately, and I could also imagine a future where node count continues to decline but network decentralization actually improves.  

Let's imagine a distant future where:

  - Every major research university operates 1 full node on average (there's 108 in the US, 15 in Canada, and let's assume 150 elsewhere). That makes about 280 nodes.  

  - Every major bitcoin company in this "bitcoin future" and every mining pool operates a full node.  Assume another 280 nodes.  

  - Various branches of governments in most countries run a few nodes.  Assume 190 countries x 2 nodes = 380 nodes.

  - And a bunch of wealthy bitcoiners operate their own nodes.  Assume another 300 or so.
 
This gives a total of only ~1,240 nodes, but I think such a configuration would be more decentralized than the current state of the network.  
I'm not suggesting that this will actually happen, just pointing out that the network doesn't necessarily need hundreds of thousands of nodes.  

Fully agree, I was saying something along these lines in the earlier UTXO commit discussion where we might end up with only a small number of "archival" nodes that maintain a full history, while most nodes function as some form of pruned node. The reason this or your situation above works is you only need one honest node on the network to highlight and flag issues.

If some majority of full nodes (which is possible with a small node count) decide to collude and cheat, because of the way the blockchain is structured any single honest node has the ability to present irrefutable proof of such collusion to the public.

Again, this goes back to the fact that Bitcoin's decentralization is driven by the mining security process, not the node count (which can be influenced by Sybil attacks, mining cannot be influenced by Sybil attacks because it requires work). Even with 1 billion tps the mining situation looks similar to today. A large number of independent miners operating over stratum (<1kbps) connected to a small number of pools. If any pools collude, it only takes one honest node to highlight that and those pools would see their miners switch to honest pools. As long as the independent miner remains decentralized, Bitcoin is OK.

This is also why your O(nm) equation works. It is OK for the number of nodes m to decrease as needed bringing us back to O(n). The devs' arguments that you can't scale O(n^2) networks is correct, but this is showing they don't understand the network and Bitcoin's economics as well as they think.

This is actually a very astute point in bold and I am surprised given the other dumb technical errors you made upthread.

However what you fail to grasp is that Bitcoin's protocol can be forked by 51% of the hashrate.

Those who don't follow, lose their BTC value in that chain. They could spend in another fork, but the Coinbase, Circle, and Paypal masses will stay on the coin managed by the elite. And they can 50% attack your minority fork too claiming it is rogue.

Now with pegged side chains, you could move your BTC value out of the main and into your minority fork. But it still doesn't protect your minority fork against 50% attack.

And you don't have a concentration of smaller miners. The mining is becoming more and more concentrated in larger ASIC farms (who won't want to risk destroying their hardware investment on some fight against TPTB to support a minority chain). And even the P2P network is becoming concentrated around larger hubs that thus have influence over the propagation delays.
6728  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 16, 2015, 04:59:15 PM
imagine the worst case; he is lead core dev dictator and makes a pig headed wrong move with the code. 

just refuse to update or just fork him off.

You know damn well it isn't that simple.

The disingenuous way you present arguments is so obvious for someone with a brain stem.
6729  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 16, 2015, 04:54:01 PM
Sell at $320. Remember I told you all in May that rally was coming in June.
you say a lot of things.  A LOT of things.  You reply to yourself 20 times.  Your signal to noise ratio is frankly abysmally low.
it's zeroo.

His posts can be summarized with two bits of information:

00 = "The powers that be will enslave you all!"
01 = He makes a pessimistic comment that distracts from any progress currently being made in the thread
10 = He challenges someone to a boxing match
11 = "I am brilliant and will now leave this thread forever"


I now see full-node count as a red herring; the number of full nodes is dropping because we don't need that many full nodes…
You are forgetting propagation delay and the need for IBLT to deal with it...

Hey!  It looks like with my encoding scheme above we can implement an IBLT for your comments!!

Peter R upthread where we were discussing the 21 Inc economics it seemed you were open minded and rational.

Now you are acting like a shrill. Why?

I always respected you as being a engineer of some sorts (obvious sometimes from your use of math, etc). You of course must realize you've completely mischaracterized my posts. You don't like that I pointed out to you some potential game theory on IBLT and headroom in the block size. Okay. Why? You don't want to consider all the possibilities? You are premarried to a preferred conclusion. That is the antithesis of rationality.

Step back from the ledge...
6730  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 16, 2015, 04:27:22 PM
Readers who do not work for TPTB as shrills, please observe carefully what is going on now.

Hopefully you are smart enough to see.

Sell at $320. Remember I told you all in May that rally was coming in June.

you say a lot of things.  A LOT of things.  You reply to yourself 20 times.  Your signal to noise ratio is frankly abysmally low.

I have consistently stated one prediction for the BTC price in this thread, which was a bounce in summer and a renewed decline to the final low after that < $150.

Btw, I see 3 more No votes since you started this lame ad hominem attack.
6731  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 16, 2015, 04:00:06 PM
Sell at $320. Remember I told you all in May that rally was coming in June.
6732  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 16, 2015, 03:34:19 PM
i have him trapped in a corner

Lol. Yes he does. That corner in his mind.
6733  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 16, 2015, 02:44:30 PM
no surprise, i was very vocal against his suggestion to redlist addresses while him being on the foundation board.  but then yesterday i read a little deeper and his "suggestion" to do that was in reaction to the Cryptolocker Bitcoin correlation that was prevalent at the time.  at least his heart was in the right place... 

Spoken in the true Hegelian dialectic paradigm of good car salesman and bad car salesman, i.e. build a crisis to offer a less worst option. I have a neurobiologist researcher analyzing everyone's posts in this thread and giving me analysis of their behavior. Creepy? No just rational.

Here is the equation I use to model the effect on the Hegelian dialectic paradigm.

...

The independent minded people you see in Colorado will jump to comply with NWO directives for as long as they can keep their lifestyles 90% intact.

Let me show you my equation for the slow burn:

0.90 ^ n

Where n = the duration of the slow burn and ^ is the exponentiation operator.

Humans comply to keep 90%. Rinse and repeat.
6734  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 16, 2015, 02:33:36 PM
I now see full-node count as a red herring; the number of full nodes is dropping because we don't need that many full nodes (see my arguments above).  There's a huge gap between running bitcoin on a raspberry pie and "only the Googles of the world will be able to run bitcoin."  According to all my analysis, we are so far away from bitcoin being runnable by "a few mega corporations," that the "don't-increase-the-blocksize-because-centralization-arguments" come across as hyperbole to me.  

You are forgetting propagation delay and the need for IBLT to deal with it, which is a paradigm which will eventually hand a winner-take-all to the entities that can handle Visa volume on the block chain.

I believe before the big boys throw their transactions at Bitcoin, they want to make sure the paradigm is in place for them to capture it. Coinbase, Circle, Paypal, etc its all primed and ready to go after IBLT is implemented or large enough block size to handle the scale they want to throw at Bitcoin and force IBLT.

Mike Hearn and the Foundation appears to be captured by those big boys (TPTB).

Blockstream is attempting a rear guard and trying to not give them so much headroom all at once.

Or you might have two factions of the TPTB competing (since the end result if the same for as long as PoW is not fixed).

In any case, I don't really care. It is a morass and needs to be replaced by something that remains truly decentralized long-term.

you do realize the Foundation has been defunct for months now?

Or so you were lead to believe.

And the Rothschilds and Rockefellers also divested all their wealth too.

P.S. I am fairly certain Cypherdoc is a mouthpiece for TPTB. I posit he was purposely compromised by the HashFast offer to maintain his allegiance. This is their usual modus operandi. This is evident by his public role and other factors such as his denial of the fact that Bitcoin core is heading towards a centralized end game.
6735  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 16, 2015, 02:17:10 PM
I now see full-node count as a red herring; the number of full nodes is dropping because we don't need that many full nodes (see my arguments above).  There's a huge gap between running bitcoin on a raspberry pie and "only the Googles of the world will be able to run bitcoin."  According to all my analysis, we are so far away from bitcoin being runnable by "a few mega corporations," that the "don't-increase-the-blocksize-because-centralization-arguments" come across as hyperbole to me.  

You are forgetting propagation delay and the need for IBLT to deal with it, which is a paradigm which will eventually hand a winner-take-all to the entities that can handle Visa volume on the block chain.

I believe before the big boys throw their transactions at Bitcoin, they want to make sure the paradigm is in place for them to capture it. Coinbase, Circle, Paypal, etc its all primed and ready to go after IBLT is implemented or large enough block size to handle the scale they want to throw at Bitcoin and force IBLT.

Mike Hearn and the Foundation appears to be captured by those big boys (TPTB).

Blockstream is attempting a rear guard and trying to not give them so much headroom all at once.

Or you might have two factions of the TPTB competing (since the end result if the same for as long as PoW is not fixed).

In any case, I don't really care. It is a morass and needs to be replaced by something that remains truly decentralized long-term.
6736  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 16, 2015, 02:03:43 PM
No. A clever writer with charisma (cypherdoc) and hence some more clever thinkers in this thread. A few stalkers are realising it but can't lure them into their own threads. That is the reason why they are here and not elsewhere.

I know how to play that game but I don't waste my time on small potatoes. I am here to change the world, not just for my own personal enrichment (and this will become very clear).

If you only had any clue as to the major coup I have achieved (in the back channels) due to my brief participation in this thread.

I made it very clear I came to thread to propose my solution to this problem and find investors and collaborators (in short an anonymous group). And wow did I!

Soon you will know...
6737  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 16, 2015, 02:00:54 PM
check out of the gold collapse

I told you all upthread there would likely be a bounce this June in both gold and BTC but the final lows are still coming.

I continue (via Armstrong) to predict every price move. Yet I (and he) get no acknowledgement.

What a shame! The feet of the prophets are to be kissed!

He is still pissed off because I don't buy into his "we are going back to cavemen" theory of economics.


Careful. Notice those rises are getting smaller, so expect to break $250, yet still expect to break down again to lower lows < $155.

Why? Because it is not yet time for the bottom. Remember private assets won't be ready for prime time until after Oct 2015 according to Armstrong's model.

There will be a massive surge into safe haven assets as Greece defaults or exits. Initially this will drive up gold (and thus Bitcoin), but as the liquidity contagion ignites as of October, then people have to sell their most liquid assets, e.g. gold. This is what happened in 2007-2008, where silver made a high at $21 in early 2008, then dumped into the shitter < $9. It is slightly different now because silver peaked in 2011 and has already declined significantly. So we are just looking for the final capitulation.


Draw a line from along the bottom of the start of the rally back in Oct 2013 (starting on the bottom of the candlestick below the X in EXANTE and through the bottom of the tiny pink or the green candlestick at the end of Sept last before the big rise) with the recent bounce to $300ish hugging the bottom of the line, i.e. we had broken down below that long-term trend line and thus it has become resistance. We could rise back up to that long-term trend line which is approximately $320ish right now and rising.

If we break significantly above that (e.g. $400), then the bottom is behind us and the long-term trend line becomes support.

Edit: we are now in the negative emotions paradigm below the trend line; whereas since Oct 2013, we had been in the positive emotions paradigm until we broke down through the long-term trend line at the end of 2014 (when oil collapsed). Emotions won't shift that quickly, there will need to be capitulation and some fundamental change in the markets. So the rally now is a trap for those who hope against their purchases > $400.


6738  Economy / Speculation / Re: PnF TA on: June 16, 2015, 12:32:08 PM


Draw a line from along the bottom of the start of the rally back in Oct 2013 (starting on the bottom of the candlestick below the X in EXANTE and through the bottom of the tiny pink or the green candlestick at the end of Sept last before the big rise) with the recent bounce to $300ish hugging the bottom of the line, i.e. we had broken down below that long-term trend line and thus it has become resistance. We could rise back up to that long-term trend line which is approximately $320ish right now and rising.

If we break significantly above that (e.g. $400), then the bottom is behind us and the long-term trend line becomes support.

Edit: we are now in the negative emotions paradigm below the trend line; whereas since Oct 2013, we had been in the positive emotions paradigm until we broke down through the long-term trend line at the end of 2014 (when oil collapsed). Emotions won't shift that quickly, there will need to be capitulation and some fundamental change in the markets. So the rally now is a trap for those who hope against their purchases > $400.
6739  Economy / Speculation / Re: PnF TA on: June 16, 2015, 12:25:43 PM
@TPTB_need_war : how big of a bounce are we talking about ? If there really is a massive surge into safe haven assets as Greece defaults or exits we could go at least to 300, dont you think ?
He did get the collapse to 150+ right!...

Klee, I've been following anonymint for a while, I'm already sold. But I am mostly in fiat right now, so I'm wondering if its worth it for me to ride this wave. If its only a move to 250 then we go down, its not worth the stress. From what he said, it would look more like a mini rally than a bulltrap.

I'd much prefer you bought at $223, so you'd have less downside if I am wrong. Make your decision and take responsibility for it. Nobody is infallible.
6740  Economy / Speculation / Re: PnF TA on: June 16, 2015, 12:17:15 PM
@TPTB_need_war : how big of a bounce are we talking about ? If there really is a massive surge into safe haven assets as Greece defaults or exits we could go at least to 300, dont you think ?
He did get the collapse to 150+ right!...

And did you forget the first collapse from $600ish to $300 (it was in rpietila's thread) and then again the drop from the second rise up to that (you should remember kLee).
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