The problem with metals, besides that I can't buy a jug of milk with it, is that tyrannical states can and will just take it. Metals are for the rebuilding phase, not the purge phase. And bitcoin is for getting a safe distance while it all blows over.
Get off the drugs. It's far easier for the state to make Bitcoin unusable than metals. And confiscating metals is even less feasible than confiscating guns. Even Shlomo Nakamoto says Bitcoin is useless vs state actors. Then you don't understand the tech, or politics, or both. Bitcoin is global. Somewhere is going to be fine with it, even if your local corner of the world ain't. And if you are not willing to leave a soviet-level state, then that's entirely on you. Because it's so useful if the G7 or G20 banned Bitcoin but someone in North Korea has a 486 with the magical ledger of imaginary, valueless tokens on it! The state can easily destroy and prevent the use of Bitcoin because running a police state in the digital world is cheap and cost effective (see Facebook, Twitter, the nation of China) while running a police state in the physical world requires orders of magnitude more resources. Pretending it's harder to stop Bitcoin than metals is a flat out lie. They require the govt's own infrastructure to even work at all. Martin Armstrong has been talking for years about people getting harassed for transporting precious metals across international borders, or having the PMs confiscated. PMs are almost completely useless, aside from international settlements and reserve holdings. Edit: Open your eyes - we're not heading toward a more open world. Governments around the world are starving for money, and putting tighter restrictions on moving money internationally. |
|
|
|
Afaik transaction malleability breaks LN. So Segwit is necessary for LN as it fixes transaction malleability. Also BIP 114 for MAST requires Segwit.
I think that the malleability bug is separate from the segwit. I think segwit required the fix in order to work. So segwit in on itself is not required for LN. This is an important difference if true. Can anyone confirm/deny? Segwit was one of multiple potential transaction malleability fixes, but it was often billed as the fix. Take a look at Bcash. They fixed transaction malleability without segwit. It's basically the same thing with LN. Segwit made bitcoin capable of handling LN, but there were other ways to implement lightning without segwit. you don't want those coffee purchases clogging up the main chain. Yes I do. I specifically want coffee purchases clogging up the main chain, in fact. And anything else people care to use it on. That is the entire point of bitcoin. Anyone can send any amount to anywhere at any time without needing the permission of middlemen such as yourself. Bitcoin was not meant to be a transactional currency. It was meant to be a store of value. Read: https://twitter.com/danheld/status/1084848063947071488Any other use case, such as buying coffee, is outside the scope of Bitcoin's core use case. That's basically why we'll need 2nd layer solutions (or altcoins) for buying coffee. |
|
|
|
If this little soiree is going to cost 400 fucking grand ...
Each? A few seem to have settled on 10 grand a piece and 40 people. No idea why and it Weren't me. No, sir. There was no settling and really the idea of charging a entrance fee is ludicrous. This is just low brow flights of fancy. I think what we should really do is look into a pay per view type extravaganza with obstacle courses and medical teams on standby. I am sure the whole cost could be defrayed and the rest sent to a good charity. Or more germane, we'll all talk some about investing in Bitcoin. Which will make the trip tax-deductible. Lotta savvy biz knowledge to be shared amongst the tycoons of industry known as the WO regulars. You raise a good point. Presumably, by the time we reach $100K or thereabouts, many more people here will be financially independent. A WO meetup would be a great place to talk with like minded people about potential startups, etc. |
|
|
|
Hiring an appropriately sized venue entirely (hotel / country house... fuck it - a castle, even) might make security a little less of an issue
Unfortunately, Risto's place burned down. Of course, he turned a little cray-cray before said event, so there's that... Still crazy. Refers to himself as the dragon, and speaks in the third person. https://www.facebook.com/people/Risto-Pietil%C3%A4/100017679760266 |
|
|
|
|
$350K entrance fee, and everyone gets a lambo, a pile of blow, and a high class hoe.
|
|
|
|
I have trouble getting out of the US, might make it into Canada, the Caribbean would actually be the easiest to pull off for me.
Canada supposedly bans anyone from the US with a DUI from entering, but millions of brown people from 3rd world countries who they have no idea the history of is okay. What are your preferences for the 100K party, r0ach? |
|
|
|
If we can't put a decent party together for a couple of thousand bucks a head (assuming 75+ people), we would be doing it wrong.
If you want Don Perignon on tap it's an optional extra, but a decent party with accomodation and decent food sorted in the price, some entertainment etc is easily done. Extras can be 'according to taste and desires' surely...
I used to work in the music business, I have a fair idea what a party for an upscale entourage costs. With or without extras.
Frankly, I think $1,000/person is pretty extravagant. Live band, buffet and hor'douvres or however the fuck it's spelled, open bar, and security. And by invitation only IMO - posting any details publicly results in de-invitation. |
|
|
|
Definitely not the States or Middle/South America or Africa or Asia or Russia or the Stans.
So Europe. Suggest mainland rather than an island for those who, for whatever reason, prefer not to fly and like the ability to leave at any time without anyone else's permission.
Portugal hasn't been mentioned, though it has stunning beaches, legal Jah Weed, and is used to visitors.
I'm okay with any first world location. Somewhere near beaches or other tourist attractions (i.e. Paris) preferred. I think you "anywhere but the US" guys are a little optimistic about the situation in most EU countries. Whatever you're afraid of the US government about, the EU is just as bad - a little better in some aspects, and a little worse in others. |
|
|
|
|
Well, this is putting the 100K party Vegas location in jeopardy.
|
|
|
|
|
What can make a person so miserable? Maybe we can hook her up with Dr. Stolfi
|
|
|
|
She looks like a handful.
Looks like 2 good handfuls to me |
|
|
|
|
^Agreed. r0ach, I am disappoint.
|
|
|
|
This chart has held up pretty well, and is one of the better logarithmic regression charts I've seen:  Even though it was created in March, 2018 the lower boundary was prescient in providing support at the ~$3,150 bottom. There's an interesting pattern here, or I could be reading too much into it. It appears there may be a fractal pattern in the bubbles. We got 3 bubbles in 2010-11 of magnitudes 1,1,3. Then 2 bubbles in 2013 of magnitudes 2,3. Then 1 bubble of magnitude 2 in 2017. What comes next? Triple bubbles again? An alternative answer might be that it's just decreasing volatility. If you think so, the recent price action would like a word with you. |
|
|
|
Poll results indicate that we have 41 communist nocoiners.   ...and we have a new poll as suggested by a threadgoer. |
|
|
|
My 9000th time reading about Alice and Bob trying to scam people. The saga of cryptocurrency can be summed up as a whole truckload of autistic bugmen jacking off about their latest Rube Goldberg machine creation that's completely useless and inferior compared to physical metals - repeat to infinity. I chortled. That must be the reason we keep you around. |
|
|
|
 You are married man @infofront  I figure that with enough bitcoins at a high enough value, things like that won't matter  |
|
|
|
Infofront...? Sorry to disturb... I just took care of most of it. That retard is on thin ice with the janitor now. |
|
|
|
After 2022, that will be what every hodler wakes up to every morning. |
|
|
|
|
Show Posts
