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6881  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: June 16, 2013, 02:40:20 PM
I am real, though my life seems to be more interesting than an average one. Let's verify some of the things:

- I am located in a closed mental institution run by the City of Helsinki, with 1-2 weeks to get out hopefully. They took my communication things away for about 16 days when they found out that I was so public here. Now I am recovering and could take part in trolling if there was any price action.

- I have more than 2,400,000mBTC, after selling some today because I feel medium-term (1-2 months) bearish

- I have a wife and a kid 11mo, they are soon coming to see me

- The picture is taken from our Silvervault teaser video, and the guy is me about 3 years ago

- I still own, manage or run about 4 companies that deal with gold, silver, bitcoins and currencies. They are incorporated in Finland and Estonia.

- The BDNA and Supernode links are to be taken seriously (although one of the is a Live-Action game).

- Soon I will expand Silvervault to fully accept incoming Bitcoin transfers, which would make bitcoin<->"physical investment silver"<->"physical gold" transactions easier than ever before.

- Now my wife is coming, ttyl! Smiley
6882  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: June 16, 2013, 11:37:33 AM
All the same, there is some tone of desperation in this. Just how heavily invested are you??

I started selling my bitcoins today, so I likely confirm as a contrarian indicator and you should buy. I still have 97% of the amount left, but now also some dollarz that I can use for paying the bills.
6883  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: June 16, 2013, 08:49:37 AM
The flakishness of this thread is a long-term bullish sign. In the short term, except all reason to disappear from here, and then a stealth rise to commence.

Everybody will be in denial until we cross $0.500/mBTC. I think we may spend 1-2 more months in $0.1 and then the rise would last for about 2 months. In October we will hit $5 and Christmas we'll see maximum $50, but may as well consolidate in $2.

So no $300 before Christmas, folks. Sell all your bitcoins (to me)! 2013 will be remembered as a good year (we are already up +700% and the year is only half over) but not everything will happen this year, as I predicted previously.

The key is to increase the actual usage. It is currently increasing but not virally. The viral application will see very fast exchange rate growth also. Currently (as you can see) everybody in the thread has just gone to work, and that is more sensible to do now, compared to watching USDBTC.
6884  Economy / Currency exchange / Re: Bitcoin Dealer Network Association (BDNA) on: June 15, 2013, 06:58:40 PM
You will soon see how Silvervault liberates trading between:
- physical investment gold
- physical investment silver
- bitcoins
- euros.

Click the link and see that you can directly trade between gold and bitcoins, or with bitcoins and silver. If your trading volume of 6 months exceeds 100,000 EUR, you pay only 0.3% fees one way (0.6% two-way if your currency pair does not contain fiat at all).

All the stuff is safely in a vault in Tallinn, Estonia. Established 2010.

EDIT: You can vote for the new products here. The service is in development and new products will be launched in the first half of 2014.
6885  Economy / Currency exchange / Re: Bitcoin Dealer Network Association (BDNA) on: June 15, 2013, 06:51:39 PM
Do you plan to integrate your bitcoin dealing business in to Localbitcoin when you've reactivated it?

Localbitcoin is only a fiat<->bitcoin thingie.

I have gold, silver also, and established businesses (Hopea.fi & Silvervault). So likely I will register to Localbitcoins.com also, but that will not consist 100% of my dealings.
6886  Bitcoin / Meetups / Re: Bitcoin Supernode System on: June 15, 2013, 06:46:45 PM
Also, I was wondering if you were expecting nodes to conform to some sort of predefined moral standard? Like a code of conduct. Or is everyone free to act as they wish according to their own personal standards?

I don't currently believe that anyone would seriously have a different general morality. Maybe I am blind, but my experience on human behavior points me to this way. Don't kill, don't steal, do not harm ladies. I have organized meetings where it's been very easy for all to conform to these.

The court etiquette is something that does not happen in the outside world (or if does, then we are not part of those circles). We are quite open to define it according to the way we want. For me it's been really easy to behave in a very courteous way, but I have to admit it has sometimes lead to funny confrontations when e.g. I ate such a good salad during lunchtime that I want to tip the waitress more than she charged for the salad. I told, I give according to the value I received, not according to their pricing. That one went well, but in Haikko they did not cash out the tips during the allotted time, and also did not offer me a realistic way to pay the bill.
6887  Bitcoin / Meetups / Re: Bitcoin Supernode System on: June 15, 2013, 06:32:48 PM
DELEGATION TO A SUPERNODE MEETING - esp. "how to find ladies"

The Supernode diplomatic invitation tells whether it is only for supernodes or with ladies. If with ladies, then it is a good conduct to bring a delegation which has equal number of both genders (like I did in Haikko and San José). It may be difficult to find ladies, but they need not be part of your supernode's backbone staff. The delegation may consist of:
- SN or his ambassador
- Attachés, who are directed by the SN
- Any family members of the above
- A Lady-in-waiting (I had 2 of these, assigned to serve my family, during the time we lived in Haikko)
- Other ladies who are invited but do not belong to SN staff (In Haikko my voice instructor was part of the Romanov gala dinner and also performed a gig with piano+voice later on the night)
- Other ladies who travel single or in groups and "happen to be there"
6888  Bitcoin / Meetups / Re: Bitcoin Supernode System on: June 15, 2013, 06:16:04 PM
DIPLOMATS AND THEIR RANKINGS

10 Duke - Ambassador
15 Prince - Ambassador
20 Marquis - Ambassador
25 Earl - Special Envoy
30 Viscount - Envoy
35 Baron - Attaché 1 class
40 Baronet - Attaché 2 class
45 Knight - Attaché 3 class

There are many meetings as specified by above post. Sometimes a supernode cannot attend himself despite of invitation. It is good that we know from previously that a Duke is only a real Duke if he has 5-10 people in his command structure. If he is invited to Ducal Summit, he may decide to send an Ambassador Plenipotentiary instead. For example I have rontus, whom I can send wherever I want, and bestow on him as many bitcoins as may be necessary.

Ambassadors can be of different classes, highest is Extraordinary&Plenipotentiary, but such can be sent by Sovereign only, and in my understanding Dukes are not sovereigns (they may be if they are Duke D.G. but that is a concept still open). Ambassador-at-Large can be sent by anyone who himself is Marquis or higher, if the invitation was for Marquis-level.

So when fulfilling the meeting invitation standards, we need to evaluate, how high person was invited, and then whether he has somebody at his disposal who can be sent as high enough person. The meeting may also be such a low standard that the Duke himself is not qualified to enter (his presence would lead to e.g. security concerns, or problems with etiquette). Then he must send a delegate/-ion that contains only the right level people. For example the San Jose, I did not go, but sent Roni as Ambassador and Annina as Secretary. Their later conduct (both are still in the States, separately on their own) is also very fitting for my supernode, which is currently dissolved.

So only the Supernode himself possesses the Ducal/Princely/etc title. All his staff do not possess a title, (or if they do, they are vassal supernodes). A hypernode should have at least some people in his organization and an ultranode needs several people to work for him, so that his ultranode has a decent working. For this reason also, 3kBTC may very well be enough for a Duke, if he has actual business in multiple countries and makes money, 30kBTC may not entitle you to a Duke, if your only operation is the 100 graphics cards that you used for mining your stash, and now make litecoins.  
6889  Economy / Currency exchange / Re: Bitcoin Dealer Network Association (BDNA) on: June 15, 2013, 05:50:24 PM
Had a phone conversation with Jeremias Kangas, the operator of Localbitcoin. His system actually already reminds this quite much and he is currently in the process of introducing Loaning (which is akin to loaning of the bail capital in my proposal).

He fortunately is fulfilling the Loaning side in his localbitcoins network, so I don't need to do it.

He unfortunately does not currently understand the requirement that the end customer locks-in the price now, and the member of the dealer network has a number of days (8 in my proposal) to fulfil the receipt of bitcoins. This would tremendously ease the inner function of the dealer network and remove the amount of "trust" that his system still must account. My system would both nearly abolish any need for trust, plus almost get rid of all operating capital (even 30-50kBTC total, would be enough to accommodate all bitcoin trade worldwide, no matter how large).

Unfortunately his system is good enough that I cease working on my concept, until situation changes. Perhaps it is too late for the BDNA.
6890  Bitcoin / Meetups / Re: Bitcoin Supernode System on: June 15, 2013, 05:37:22 PM
BITCOIN SUPERNODE ACTIVITIES

Most of the things supernodes do (as supernodes) would be centered on meeting (each other), eating, drinking, smoking and dancing.

The Network (as its Communicating nodes) would use the following means of communicating with outside world:
Twitter, Facebook, BCT-Forum, Own forum (outsiders can read but not write all but the gamemaster side)

Internal communication would be held by phone + by Letters. A Letter is an important concept, it can be a forum post or email, but also physical mail. Letters have certain form that is almost forgotten. My Orders of the Day can be classified Letters.

Diplomatic happenings can be classified as following:
Audience - one supernode meets another physically
Reception - several supernodes are invited by one
Dinner - Ahh... these are the important parts of all diplomacy
Summit - Quite few are invited but they spend some serious high quality time together

Public events are important as marketing the supernode movement to fellow bitcoiners + bitcoin to outsiders
Meeting - anything classifies
Meetup - prearranged; more people come and there will be more impact
Retreat - rather few (5-20) people, lax program
Conference - big, like the one in San Jose
Congress - big and the program there is more strict the in conference

Large Supernode happenings consume most of the monetary resources, but also require strict planning
Ceremony - A prince is not promoted Duke without the associating pomp, no way Smiley
Feast - a common gathering of all great and small who belong to the system (freemen also invited), akin to conference but only for the SN network
Grand Feast - Now I must use a Bible reference: Esther 1: 3-8.

Training serves as an opportunity to know the things so that the social code doesn't hit so hard Smiley Also if there is anything else that requires training in the bitcoin services, how to do efficient marketing etc.
6891  Bitcoin / Meetups / Re: Bitcoin Supernode System on: June 15, 2013, 05:18:34 PM
I have publicly claimed to have between 2,4M and 35M mBTC since 2012. I still do. Maybe I don't feel I want the pressure of Duke even though I have the coins, or maybe I don't have the coins or want to show off. You never know.
When I decide to qualify myself for Knight/Baronet/Baron status(assuming someone is willing to bestow the title upon me of course), is part of the procedure going to be signing a message with a bitcoin address that holds the required number of coins? Or do you have something else in mind?

No. My thinking goes more like "if you need to pay 0.5% of your claimed bitcoins as a registration fee + be willing to spend 0.5% per month in the supernode meetings, marketing and the like, you should be able to decide whether to claim the actual rank or +/- 1".
6892  Bitcoin / Meetups / Re: Bitcoin Supernode System on: June 15, 2013, 04:19:55 PM
(I think my level should be between Prince and Duke.)

Didn't you have more than 10M mBTC?

I have publicly claimed to have between 2,4M and 35M mBTC since 2012. I still do. Maybe I don't feel I want the pressure of Duke even though I have the coins, or maybe I don't have the coins or want to show off. You never know.
6893  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: June 15, 2013, 03:43:01 PM
To me, it looks like it is going down now.. Many of the bulls think speculatively that by selling now, it is easy to buy back later. While this thinking is wishful (not all of them can buy the coins back - sub-100 or even at all(!!)), it is enough to take the price down in a long slide to around $50.

Only the growing usage will save bitcoin now. It may take months before it catches up. We are 2 months to the bear market now, I would not be surprised for 2 more months. 4 more would be a surprise.

Don't sell your coins. In 2011 only the ones lost who sold. I bought about BTC5000 then from somebody who could have held onto his treasure but chose to throw it away for a pittance. Read my threads (links in the sig). Don't sell.

You can't be sure the guy who sold you 5000 Bitcoin didn't buy double that back at the bottom.



Maybe he did, but not in a lump sum so there isn't a rally? It makes sense for him to keep the downtrend going until he is almost out of fiat.

Yeah, somebody did buy thousands of coins at the final capitulation.

If there is one in the coming weeks, be sure to have your $$ ready. You're given one chance (if any).  Even though I feel bearish, I still know the only sure way to get fiat out Mt.Gox is to buy bitcoins with it. So all the money is still there, and (real) asks are disappearing.

My bearishness is also partly because of my living condition.
6894  Bitcoin / Meetups / Re: Bitcoin Supernode System on: June 15, 2013, 03:36:47 PM
One possibility is that there is nobody (in the beginning) above Duke. So if you buy yourself a Duke, you are also a gamemaster by the virtue. You get to spend the money you yourselves have invested. (I think my level should be between Prince and Duke.) Later as the number of dukes grows to perhaps 4, there will be reason to denominate a primus inter pares, Elector.
 
Anyone can buy the titles between Prince...Knight. There will be opportunity to be a vassal of a higher title. Freeman is an objection - because he is free, he cannot be a vassal of anyone. So in this sense Knight is the lowest title, because he is always a vassal of someone and never is anyone vassal of a knight.

Also if you are newly created Marquis, for eaxmple, and there are nobody around you, you can make diplomatic missions and exchange of letters to nearby power centers and end up forming Alliance or Friendly relations.

I think it is funny how these systems always tend to repeat the number 3 between the number of people in classes etc...Smiley
6895  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: June 15, 2013, 02:44:20 PM
To me, it looks like it is going down now.. Many of the bulls think speculatively that by selling now, it is easy to buy back later. While this thinking is wishful (not all of them can buy the coins back - sub-100 or even at all(!!)), it is enough to take the price down in a long slide to around $50.

Only the growing usage will save bitcoin now. It may take months before it catches up. We are 2 months to the bear market now, I would not be surprised for 2 more months. 4 more would be a surprise.

Don't sell your coins. In 2011 only the ones lost who sold. I bought about BTC5000 then from somebody who could have held onto his treasure but chose to throw it away for a pittance. Read my threads (links in the sig). Don't sell.
6896  Other / Off-topic / Re: rpietila public diary on: June 15, 2013, 11:34:14 AM
BITCOIN DEALER NETWORK ASSOCIATION (BDNA) WORKING PAPER

This was moved to its proper location in another thread. Please move the comments also there. This thread will be diarylike. Readership has fallen due to time that many highly technical and economical issues have been discussed, and I have not been willing to write light stuff in the middle of heavy ones. Soon you'll hear about my conditions in the psych ward etc., I am sure that'll bring the readers back Smiley

I'm getting a febrile sense of emerging techno-feudalism.  Posting this observation here b/c it may reflect more on your mental state then be a substantive comment on the supernode concept itself.  

During your enforced detachment, you may find http://en.wikipedia.org/wiki/The_Diamond_Age insightful.

Be a martial artist... have a pervasive and internal calm punctuated by, but ultimately surrounding and directing, amazing activity, speed and power.

Thank you. I am more and more sure that I don't need to do so much. My greatest contribution to bitcoin economy was the calculation that 1 Bitcoin is worth $300,000 U.S. Dollars. Anything else I do is secondary. Especially now as I cannot think or do much due to my hospitalization. I just wait while the others' actions realize the $300k. I think Jeremias' Localbitcoins.com is currently the toughest thing going on in Bitcoin.
6897  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: June 15, 2013, 08:17:24 AM
Technically, we could as well:
- stay around $0.1 for any time up till months
- retest 0.078
- go to any lower number if a downtrend commences.


Fundamentally, going to "any lower number" is impossible (people use bitcoins, and usage is up, so price cannot go down for long).
In the links of my sig, I have developed 2 interesting concepts, feel free to look!
6898  Bitcoin / Meetups / Re: Bitcoin Supernode System on: June 14, 2013, 08:02:35 PM

Note carefully. You need to post a Bitcoin Supernode Network game fee, which goes up with the rank (0.5% of the noted wealth):

Duke: 50,000mBTC
Prince: 15,000mBTC
Marquis: 5,000mBTC
Earl: 1,500mBTC
Viscount: 600mBTC
Freeman: 300mBTC.

The price includes entrance to Internet resources, plastic name tag/(ID card) and printed promotion materials incl posters, T-shirt, millibitcoin notes.The plastic materials are actually quite nice. In a separate thread I will start asking for admissions. (Until now, this is all in planning stage.)


Do you think that the Supernodes who pay their game fee to join the network should also have a limited number of invitations(amount based on rank) so that they can expand the network to people they deem worthy of joining? Like, say for example a level 21 Earl has someone that works for them and they want to have them join the network, they can burn one of their invites and have the fee waived and the person included in the network(the fees can possibly be included in the Supernodes' fee to offset the cost. I would view this more of a promotional concept and also one where the Supernodes have the ability to single out individuals who they think would bring value to the network and include them.

Right now, I believe we want to start this as a worldwide real-life based game. The final mission is that the whole world uses bitcoin as money, so we have hundreds of millions of members. We start from 1. Everything we do is to try to make more members in our Supernode System, becuase that is real fun, it is the most fun GAME in the world. That bitcoin also becomes very valuable is a sidenote.

What if we just summoned 3 people as the gamemaster team and wrote the 1st rulebook. Then send the first invitation out. Divide the world to our most capable people. Then make fun that the Viscount of Ukraine (based in some town) needs his title downgraded when a Duke rises up in Kiev. These ceremonies make up a great part of fun, because they are eating, drinking and smoking events, small and cosy, and directly intertwined with bitcoin. How can you NOT make your money back with these connections.

Wow, trying to sleep..
6899  Bitcoin / Meetups / Re: Bitcoin Supernode System on: June 14, 2013, 07:11:26 PM
My house sigil has been created.

Started as a freeman with a single miner.  Now commanding a mining operation, long and short term trading positions, and 1st level face to face arbitrage network, with the goal of increasing BTC holdings to hypernode level within a year.  Seeking vassals, bannermen, and other supernodes for diplomatic relations.
 

+1.
6900  Economy / Speculation / Re: Wall of Fame: Quotes of Bold Predictions on: June 14, 2013, 08:58:26 AM
Well I live a very frugal lifestyle so lets say I could theoretically, hypothetically pull together around 60k USD without touching my retirement plan and that I had already diversified to Silver but not gold? How much of my assets would you pool into Bitcoins assuming you were my consultant  Wink

All of it. Upside is 1,000,000% and downside 100% (and even that is theoretical), and you are frugal and can easily make back the money.

Do every day the following: invest 20% of the remaining to bitcoin. When you start to feel queasy, don't invest (but continue asking yourself every day Wink After 7 days of not investing, don't invest the rest.

I'll try ignore the voice in my head screaming 'Ponzi scheme!', 'He will only benefit from this! Increases his net worth!' but duly noted. Maybe I'll buy 100 BTC, store them in a paper wallet and see what happens in a year. Thanks for your time, welcome back to the forum and I hope the meds help you keep your cool!

I think you have picked around the right amount depending on your near and long-term goals. However you need to space the dollar cost averaging out a lot more than every day. I wouldn't want to put more than 10-20% of my investment in during a single month right now. We could be basing for a rally or we could still be winding down from the last ramp. Realistically it might be 2017 or 2021 before we see a significant upswing again. Pick a strategy that enables you to feel confident enough to hang on through market chaos. I'd recommend avoiding ever being 100% in or out at any time. And just as you never want to spend the last of your cash, don't ever sell your last bitcoin either. These are just general guidelines, feel free to adapt them to your psychology and goals.

No. Mobile phone. Localbitcoins. It happens now, or latest 2013-2014.
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