And then there is this succinct explanation, from Jean Marie Mognetti, a partner at Global Advisor, which is launching a hedge fund regulated by Jersey authorities that will open for subscriptions on 1st August.
For market watchers who want to test Magnotti’s theory, he’s planning to start trading at the start of September, so mark your calendars.
Open for subscription = Collecting money and buy btc? Start trading = Buying and selling btc based on client's instruction? We know nothing!! *buys more* can you link the full text plz? |
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There seems to be a pretty strong upwards trend at the moment. But the depth up to about $600 is pretty deep. We need a pretty strong train to get through that!
the support we've been seeing is damn good, it'll hold, bids will pile up, and the tsunami effect will take place. ( fingers crossed )  |
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WOW.... The Dow Jones industrial average is down almost 2% today....
You can compare that with a 20% drop in bitcoin. Quite big. Bitcoin and the DJ Industrial average are two different animals - in part b/c BTC is much more volatile and much more vulnerable to manipulation. Additionally, BTC has a much much much much greater for potential for an upside... The DJIA seems to be quite a mature set of assets, and overall should NOT be subject to very much volatility... and should generally progress upwards over time. I would suggest, and a lot of us following BTC should agree, that BTC's exponential price potential is inversely related to the performance of the DJIA (NOT completely, but in part). just wait till the DOW performance is measured in BTC  |
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the majority overrule hashing power.
you know what i mean? i'm wondering if you guys agree with this or not? Whatever you seem to mean is not true. The hardcoded checkpoints decided by devs overrule overything. say everyone wants to kick off a huge malicious miner off the network, ( it makes no sense for a miner to act maliciously but lets say it happening ), someone with like 30% hashing power start attacking, everyone wants to kick him off, the core is patched to block this miner, everyone upgrades because they wish it, and there you go, majority overruled hashing power. point is hashing is just a way of achieving consensus in an automated way, and can be side swiped given "manual" consensus. There is literally no way this would work. You could block IPs submitting blocks, or find another workaround. BUT if this guy is really malicious, than he is watching everything very carefully and will be proactively changing his IP and setting to something different. Also, there are "Red Alert" scenarios, that would fix malicious attacks in the shortterm, even 51% attacks, but there is nothing longterm! exactly. all i'm trying to say is that, its our network, and we choose how it works in every detail, just because someone has alot of hashing power doesn't give him any real, long term, power over the system, the will of the majority supersede all. Bitcoin could as a last resort become a pure POS coin for a while too. it doesn't need to hashing power will ALWAYS service US, the moment it doesn't we ignore it |
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the majority overrule hashing power.
you know what i mean? i'm wondering if you guys agree with this or not? Whatever you seem to mean is not true. The hardcoded checkpoints decided by devs overrule overything. say everyone wants to kick off a huge malicious miner off the network, ( it makes no sense for a miner to act maliciously but lets say it happening ), someone with like 30% hashing power start attacking, everyone wants to kick him off, the core is patched to block this miner, everyone upgrades because they wish it, and there you go, majority overruled hashing power. point is hashing is just a way of achieving consensus in an automated way, and can be side swiped given "manual" consensus. There is literally no way this would work. You could block IPs submitting blocks, or find another workaround. BUT if this guy is really malicious, than he is watching everything very carefully and will be proactively changing his IP and setting to something different. Also, there are "Red Alert" scenarios, that would fix malicious attacks in the shortterm, even 51% attacks, but there is nothing longterm! exactly. all i'm trying to say is that, its our network, and we choose how it works in every detail, just because someone has alot of hashing power doesn't give him any real, long term, power over the system, the will of the majority supersede all. hashing power will ALWAYS service US, the moment it doesn't we ignore it |
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the majority overrule hashing power.
you know what i mean? i'm wondering if you guys agree with this or not? Whatever you seem to mean is not true. The hardcoded checkpoints decided by devs overrule overything. say everyone wants to kick off a huge malicious miner off the network, ( it makes no sense for a miner to act maliciously but lets say it happening ), someone with like 30% hashing power start attacking, everyone wants to kick him off, the core is patched to block this miner, everyone upgrades because they wish it, and there you go, majority overruled hashing power. point is hashing is just a way of achieving consensus in an automated way, and can be side swiped given "manual" consensus. |
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There seems to be a pretty strong upwards trend at the moment. But the depth up to about $600 is pretty deep. We need a pretty strong train to get through that!
the support we've been seeing is damn good, it'll hold, bids will pile up, and the tsunami effect will take place. ( fingers crossed ) |
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totally NSFW, i guess there is no mods around or they have completely given up on this thread.  |
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WOW.... The Dow Jones industrial average is down almost 2% today....
so the news with the DOW is that poeple fear the government will stop pumping money into it? rest assure poeple, the government is lying, buy the DOW its perfectly safe!  |
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587.7 someone is going to dump again aren't they....
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the majority overrule hashing power.
you know what i mean? i'm wondering if you guys agree with this or not? |
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Dumping in July is the equivalent of:  Haaa LOOOL! That's what I always wanted to do. Pull the window down in my Limo and then throw some bills at the people in front of my favourite club! funny, I always wanted it to rain money. we should get together Maybe you should come to my Club sometime! You seem like a nice guy having this great Wall Observer Thread here We can also invite some people from the thread. But only Bulls! I may qualify for such an invitation.... Speaking on invitations, I am still working on my Circle invitation... I contacted them, and they said don't call us, we'll call you.... Additionally, they said that they are still only sending out limited invitations... so have patience... Circle is working very hard to make sure its not handing out 10$ to poeple holding much profits. i wanted to sign up so i could send beers around without paying the 5cent TX free, sadly i too was refused service. |
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lift off proposed, I blame the bear that dumped just b4.
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you should have been there
poeple were still making TX as the chine was forking and every single TX got through onto the right chain
I was impressed.
And assuming i (or $whoever) had a/several blockchains dozens of blocks longer than the "valid" blockchain? What then? Yes, the longer chain is technically recognized as the "correct" chain by the network, but this has been rolled back with a fork before, and as Adam said, an upgrade to the client would be necessary by the majority (>50%) of the network. add to that, that the majority overrule hashing power. if marjory says "block that mega miner with 30% mining power because we don't like him" hes blocked. of course its very hard to get >51% to all agree on something. but in this most ridiculous sanrio it would fly. |
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its no use, the blockchain necessarily is what the majority want it to be.
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Was the blockchain rolled back a few years ago to fix some problem? If there were any big problems in the future the dev's would probably roll back the blockchain and do a hard fork to fix it. A design flaw would create loss of confidence and a price drop, but I doubt it would kill bitcoin unless it was unfixable.
you should have been there poeple were still making TX as the chine was forking and every single TX got through onto the right chain I was impressed. |
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everyone ignores attacking blockchain.
Why would a client ignore a longer block chain? Basicly the valid block chain would be the "attacking" block chain, wouldnt it? everyone ignores attacking blockchain, by upgrading their client. |
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Game over!
if this happens i'm buying.... |
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What would be the consequences? orphaned block, not a shit was given. And if the block was several blocks longer than the "valid" block chain? <edit>I mean, if the "attacking" blockchain was longer?<edit> everyone ignores attacking blockchain. |
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5:40 AM Friday, August 1, 2014 (CST)
today is the day all the kids in china jump up and stomp on the ground, all at once
20mins left.
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