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6961  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 25, 2014, 10:06:26 AM
4 of 10 Smiley

How do you change your name and avatar so quickly? I thought theymos locked down the avatars?
6962  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 25, 2014, 05:53:23 AM
You guys want to take bets whether he will return to this forum again? Cheesy

A day ago he said to me he was leaving.

Hmmm....what side of the bet are you on? lol
I think I'd bet against it. He'll probably try defend himself with excuses.
Shame I didn't find anyone to bet with. Cheesy Cheesy Cheesy

That didn't take very long. Meanwhile,

Gold collapsing, Bitcoin UP.
6963  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 25, 2014, 04:34:29 AM
Everyone understand now why I've been so skeptical?
6964  Bitcoin / Bitcoin Discussion / Re: PSA: Add a Full Node for just $19/year! on: May 24, 2014, 07:58:08 PM
Say I want to update the info on the webgui page (like it shows now, dif IP name etc)

I tried to do this:
I
sudo vim /usr/local/bin/btc-update.py

and I pasted the NEW info (name, wallpaper etc)

THen tapped esc :wq

but it still shows the old stuff. I'm not a linux guy so I'm sure I'm doing something wrong. Could you help me out? Thanks

The cron job only runs once every 5 minutes. If you want to manually update it when you make changes to btc-update.py, you can run this (assuming this is where you put btc-update.py, otherwise change the directory):

Code:
python /usr/local/bin/btc-update.py

Should this be the only thing in that file:

*/5 * * * * python /usr/local/bin/btc-update.py
*/5 * * * * /usr/bin/vnstat -u >/dev/null 2>&1

Yeah those are the 2 jobs you need. The first one runs the btc-update.py script, the 2nd runs vnstat to update your bandwidth usage. You can add this one in there too to start bitcoind if it stops for some reason

Code:
@reboot bitcoind -daemon

Great, thank you so much! I was able to get everything fixed and updated.

http://49Mine.com/

Morblias's implementation is the best to date imo.

The vnstat and bitcoinrpc.py are great "feel good" feedback and monitoring tools.
6965  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 24, 2014, 04:29:57 PM
Everybody knows how fond I am of Tim Geithner. Bummed that Stewart let him off easy:

http://thedailyshow.cc.com/full-episodes/4s2il1/may-21--2014---timothy-geithner
U

Crap, that's the wrong link in the sense that it's not the entire interview. Watch this one for sure and you'll see why Geithner is a weasel and just how screwed we really are:

http://www.zerohedge.com/contributed/2014-05-23/jon-stewart-disembowels-sectreas-geithner

The 2 major points that Stewart failed to counter Geithner were:

1. The only reason the bubble got so big was that the banks have been conditioned by guys like Geithner for decades that they will be bailed when push comes to shove aka they threaten to blow up the country if they don't get what they want.
2. No, the taxpayer didn't make a profit on all the bailout money we turned over; that's been twisted by fancy accounting gimmicks and more importantly funded by the Roman Candle money supply expansion graph I keep throwing up. We also more than doubled the national debt just for good measure.

You can see that Bernanke was just a tool for all those years when it came to dealing with guys like Geithner and Paulson.
6966  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 24, 2014, 04:27:30 PM
Everybody knows how fond I am of Tim Geithner. Bummed that Stewart let him off easy:

http://thedailyshow.cc.com/full-episodes/4s2il1/may-21--2014---timothy-geithner


Crap, that's the wrong link in the sense that it's not the entire interview. Watch this one for sure and you'll see why Geithner is a weasel and just how screwed we really are:

http://www.zerohedge.com/contributed/2014-05-23/jon-stewart-disembowels-sectreas-geithner

The 2 major points that Stewart failed to counter Geithner were:

1. The only reason the bubble got so big was that the banks have been conditioned by guys like Geithner for decades that they will be bailed when push comes to shove aka they threaten to blow up the country if they don't get what they want.
2. No, the taxpayer didn't make a profit on all the bailout money we turned over; that's been twisted by fancy accounting gimmicks and more importantly funded by the Roman Candle money supply expansion graph I keep throwing up. We also more than doubled the national debt just for good measure.
6967  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 24, 2014, 04:09:00 PM
Everybody knows how fond I am of Tim Geithner. Bummed that Stewart let him off easy:

http://thedailyshow.cc.com/full-episodes/4s2il1/may-21--2014---timothy-geithner


Crap, that's the wrong link in the sense that it's not the entire interview. Watch this one for sure and you'll see why Geithner is a weasel and just how screwed we really are:

http://www.zerohedge.com/contributed/2014-05-23/jon-stewart-disembowels-sectreas-geithner
6968  Alternate cryptocurrencies / Altcoin Discussion / Re: Jed McCaleb's Exit from Ripple Labs: The Plot Thickens on: May 24, 2014, 02:07:45 PM
In ripple's case, how does Ripple Labs and its investors make money? XRPs seem to be the only logical way.
Certification, integration testing + assistance, consulting, getting paid to develop/prioritize certain features, ready-to-run software/hardware...

The comparison to Red Hat making money from Linux is a bit far fetched, but not a completely unreasonable one.

I don't think Chris realizes how disingenuous he's been about this XRP issue.

All along he's been saying XRP is not the way the company plans to make money. "they're just trading units" he's insisted. Well, what Jesse said...
6969  Alternate cryptocurrencies / Altcoin Discussion / Re: Jed McCaleb's Exit from Ripple Labs: The Plot Thickens on: May 24, 2014, 01:18:04 PM
To all the Ripple pumpers of the last few years, this price crash is EXACTLY what many of us warned of when the founders got around to dumping their XRP. This is precisely the fallacy of a premine.
Ripple != XRP

If you were speculating on my XRP, you were screwed right from the beginning. Seems like some people still did that and they are now ironically getting screwed BIG time by their hero "Jed" who actually was the one who wanted Ripple to be more community credit based than the current direction of becoming SWIFT 2.0... Wink

All this stuff is not why Ripple is cool, it just shows (again) why XRP are a shitty investment.

I think what we're seeing is that it's not enough to create a protocol that is cool or efficient. Being technically possible is not enough. The protocol has to make economic sense as well within the current paradigm of virtual currencies.

In ripple's case, how does Ripple Labs and its investors make money? XRPs seem to be the only logical way. But the way they issued them stands in such stark contrast to what we've learned with Bitcoin such that people don't trust them or think they're being unfair. Unfortunately or not, Bitcoin has set a new standard that is almost impossible to live up to unless you're a pure philanthropist like Satoshi.

That's a serious problem that I for one never saw a good way to reconcile in Ripple's case.
6970  Bitcoin / Project Development / Re: Ripple: A Distributed Exchange for Bitcoin on: May 24, 2014, 12:54:05 PM
So you call Ripple a scam but you NEVER tell reason why. If there are some problems inside the Ripple Labs company, it doesn't make Ripple protocol a scam. If someone dumps 9% of all XRPs, it's still not a scam. Could someone explain me why Ripple is a scam?

Bitcoin taught us a few things:

1. don't do a premine or IPO
2. Open source the code from day 1
3. Anything based on debt is going to have a hard time at this point of evolution in the virtual currency space.
4. the importance of being first to market
6971  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 24, 2014, 12:13:47 PM
Just a point of info.....cypher chickened out of the bet and we canceled it. He knew not to fuck with dat yellow metal.

You really are an idiot.

You refuse to escrow the bet.
6972  Alternate cryptocurrencies / Altcoin Discussion / Re: Jed McCaleb's Exit from Ripple Labs: The Plot Thickens on: May 24, 2014, 04:54:58 AM
To all the Ripple pumpers of the last few years, this price crash is EXACTLY what many of us warned of when the founders got around to dumping their XRP. This is precisely the fallacy of a premine.
6973  Alternate cryptocurrencies / Altcoin Discussion / Re: Jed McCaleb's Exit from Ripple Labs: The Plot Thickens on: May 24, 2014, 02:25:55 AM
don't forget Jed's laptop was the one that got hacked revealing the admin pwd leading to the mtgox plunge to $0.001 over a period of about 15 min back in June 2011.

i tried to scrape up the video of that plunge but no success.  i remember being right there when it happened.  one of the most dramatic things i've ever seen realtime.

The video is on YouTube channel "TheBitcoinChannel".

hero worship aside...the guy is acting like a dick...he destroyed the ripple price by about 60% with his announcement of selling 118% of ripple coins in existence...

He could've sold them first without telling you.
6974  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 24, 2014, 02:16:50 AM
Ooh, the kiss of death. There ARE problems:

http://www.reddit.com/r/Ripple/comments/26ccz3/ripple_board_member_resigns/
6975  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 23, 2014, 10:19:11 PM
Everybody knows how fond I am of Tim Geithner. Bummed that Stewart let him off easy:

http://thedailyshow.cc.com/full-episodes/4s2il1/may-21--2014---timothy-geithner
6976  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 23, 2014, 09:24:31 PM
There should be a word for when Bitcoin surpasses Gold and Platinum in price.

The Slingshot Effect.

Darn, where's that post?
6977  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 23, 2014, 05:28:54 PM
@cypher, mind backing me up on my claim as you were sitting right next to me when I called ripple a BS coin.

yes, we were both scoffing.

i went up to ask Chris Larson questions at the end and he could not satisfactorily answer any of the concerns around centralization and the premining.
6978  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 23, 2014, 03:36:53 PM
Silver Wheaton forecasting dark times:

6979  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 23, 2014, 02:01:31 PM
Ripple...

...I smell blood.
6980  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 23, 2014, 03:05:57 AM
wow. Ripple down -43.51%.

this could be the end of them.  all b/c Jed said he's selling XRP.  having been around as long as they've been, this is really bad news.
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