Write with imageusb V3 image file12HWFAsv1ojTuw5FzoP9T3SnyjZew5hFDL this bin file didn't work for me. don't re upload as i just copied the image from another working card of mine. Dave still needs to get v3 up for everyone else though that might need it. |
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well now, that's interesting. still so much confusion in the comments. |
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the gold bugs believe in the end of the world and the internet. i don't. that Armageddon play itself is doomed. Bitcoin doesn't mean Armageddon, it is financial innovation. i think the US will somehow weave it's way through the mess we find ourselves in and incorporate Bitcoin in some very useful way. yes, it will take time. that is indeed optimistic isn't it? but Bitcoin is going to prove to be a powerful tool that will benefit all of mankind and i think the US realizes it can't afford to shun it.
I'm both more optimistic and more pessimistic or wary than I think you are. I'm more optimistic about what Bitcoin will achieve for the world, but more wary about what the central bankers will do when they realize the extent of the threat. I'm not saying I necessarily expect these government people to be up in arms, but I expect someone in the power elite to be. Probably many people. I'm not necessarily pessimistic, just wary of what kind of attacks will come. I don't think the banking dynasties will give up without an epic fight, if they aren't too blindsided to wage one. And what if they see the writing on the wall? And they decide "if you can't beat 'em, join 'em"? Being in a position of power, if you could see that bitcoin could really become the world reserve currency, how about buying a f*ckload with your own money? Yeah that's the fun part, but I don't think it's realistic for any more than a few people to be wise to this yet. Bitcoin is difficult to understand. yeah, as much as i've been hammering about how they understand it, man, it was painful watching Shassky take a dive on the "cryptology" and private key part.  |
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They get it! I wouldn't expect them to drop terms like sha-256 and ecdsa but they get the basic concept! And with the Senator knowing that a stolen private key can be used to modify the public ledger! How far we have come
edit: YES! they even get that you can use Bitcoin to hedge against unstable inflation!
the best part was that Shassky understands that Bitcoin can be used as a legitimate store of value. |
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Hello fellow Bitcoiners, AKWAnalytics here! Boy, have we ever been busy trying to provide the best guidance for our subscribers during these incredibly volatile times. Don't get caught off guard and DON"T PANIC. These are normal price discovery growing pains given the newness of what we are involved in. Learn more by taking advantage of lowered BTC prices. Just 0.03btc for a one month trial subscription. And don't forget, we take USD as well, $19.95 for the trial  Don't miss the next move! Start your own thread dude. Not cool. why? S3052 has had no problem with advertising in my thread. he also had the audacity to advertise in waveaddicts thread. what goes around, comes around. |
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the gold bugs believe in the end of the world and the internet. i don't. that Armageddon play itself is doomed. Bitcoin doesn't mean Armageddon, it is financial innovation. i think the US will somehow weave it's way through the mess we find ourselves in and incorporate Bitcoin in some very useful way. yes, it will take time. that is indeed optimistic isn't it? but Bitcoin is going to prove to be a powerful tool that will benefit all of mankind and i think the US realizes it can't afford to shun it.
I'm both more optimistic and more pessimistic or wary than I think you are. I'm more optimistic about what Bitcoin will achieve for the world, but more wary about what the central bankers will do when they realize the extent of the threat. I'm not saying I necessarily expect these government people to be up in arms, but I expect someone in the power elite to be. Probably many people. I'm not necessarily pessimistic, just wary of what kind of attacks will come. I don't think the banking dynasties will give up without an epic fight, if they aren't too blindsided to wage one. And what if they see the writing on the wall? And they decide "if you can't beat 'em, join 'em"? Being in a position of power, if you could see that bitcoin could really become the world reserve currency, how about buying a f*ckload with your own money? yep. and don't forget they already own the top address. that's a good start despite the way they obtained it was kinda scummy. nonetheless, at the very least, i think they have gone neutral. a hands off approach is just as good as an embrace right now. that could come later. |
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the gold bugs believe in the end of the world and the internet. i don't. that Armageddon play itself is doomed. Bitcoin doesn't mean Armageddon, it is financial innovation. i think the US will somehow weave it's way through the mess we find ourselves in and incorporate Bitcoin in some very useful way. yes, it will take time. that is indeed optimistic isn't it? but Bitcoin is going to prove to be a powerful tool that will benefit all of mankind and i think the US realizes it can't afford to shun it.
I'm both more optimistic and more pessimistic or wary than I gather you are. I'm more optimistic about what Bitcoin will achieve for the world, but more wary about what the central bankers will do when they realize the extent of the threat. I'm not saying I necessarily expect these government people to be up in arms, but I expect someone in the power elite to be. Probably many people. I'm not necessarily pessimistic, just wary of what kind of attacks will come. I don't think the banking dynasties will give up without an epic fight, if they aren't too blindsided to wage one. Right now my best read is that most of these regulators don't comprehend the full extent of what is happening. I'd like it to stay that way. Most of them will be out of a job if Bitcoin succeeds. Big government is very hard to do without money printing, whether they realize that or not. they already realize the threat. the papers over the last 2 yrs from the ECB, Nicholas Plassaras/IMF, the Chicago Fed, the FBI, etc. all point to that fact. this was also mentioned yesterday by Shassky. they have been concentrating on Bitcoin for 2 yrs now and i'm sure they have a full understanding of it. they aren't stupid. it would be a mistake to assume so. but that doesn't necessarily mean they will go nuclear and try to kill Bitcoin. based on what they said yesterday, the opposite could happen. the price itself is telling us this will be so. Bitcoin could be used to save the US from it's financial problems if they let it rise to it's natural level and even use it to replace the Gold Standard from 1971. this is what i have argued could/should be Bitcoin's final destiny: back the USD with Bitcoin. |
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given the market price ramps we've seen and after yesterday's Senate hearings, Team BTC-USA has already formed.
I'm just not sure how these Senate hearings usually go. Is this just them being polite? Are they gonna figure out that Bitcoin is un-regulate-able and blow a collective gasket? Or is this really the US embracing cryptocurrencies? It just seems too good to be true. Perhaps their way of thinking, the fact that they believe in centralized control, is exactly what keeps them from seeing the fundamental potential of Bitcoin to rearrange the world. that is the pessimistic view. i was meaning to comment on this given i think that miscreanity is also guilty of this. which is precisely why he missed the speed of how fast this is all happening. in his case, i know where he came from so i give him a pass. you, otoh, sound like you were born and raised here in the good 'ol US of A. one of the major problems around these parts, especially amongst the geeks, is that they are highly suspicious and subject to paranoia. i saw this regularly during the depression of 2011. high intelligence seems to make one esp. subject to FUD. i'm not saying they don't have a right to be but in this case when it comes to what was said in yesterdays hearings, it will pay to be optimistic. those weren't dumb people testifying yesterday. especially Shassky. you can see the intelligence/fire in her eyes. maybe i might be biased b/c she's a woman and a former athlete, but i think i'm reading her right. both of those are pluses in my book. she understands what's going down. they all do. they don't have any choice. remember that their goal is to keep the US financial system in the top spot. does everyone here really think that they are too dumb to see the problem with money printing? i don't. they just said that they see Bitcoin as financial innovation and are going to let it ride. they are going to focus on the money transmitters, not Bitcoin itself. that is a great sign. sometimes one has to temper their pessimism and just listen to what they say. how anyone can think they were just putting on a show is beyond me. we may have just made it through the window i have spoken about. the gold bugs believe in the end of the world and the internet. i don't. that Armageddon play itself is doomed. Bitcoin doesn't mean Armageddon, it is financial innovation. i think the US will somehow weave it's way through the mess we find ourselves in and incorporate Bitcoin in some very useful way. yes, it will take time. that is indeed optimistic isn't it? but Bitcoin is going to prove to be a powerful tool that will benefit all of mankind and i think the US realizes it can't afford to shun it. |
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Well anarchy is matter of timescale. It's true that if things happen too fast it can be bad, but I think there are natural limitations that act as brakes. Think Bitcoin infrastructure.
A characteristic of natural orders - whether they be rainforests, customary legal systems, or markets - is that they start out very precarious but become very powerful and balanced as time goes on, as structural relationships are developed and negotiated, as trial and error runs its course, as evolution and natural selection happen. But in the digital age this can happen extremely quickly.
I'm not worried about traditional banking and monetary authority losing its grip too fast, because that will take several years at least and I just don't think they actually provide real stability anyway - if anything they cause chaos with their market interventions. I trust Bitcoin's antifragility more than rigid central planning.
What I think about whitelisting is I'd like to see it tried and fail for distraction purposes just because right now, this coming year or so, feels like a crucial time for Bitcoin adoption. I could see it either being banned or regulated into obscurity in the US, only to roar back again massively in a few years after gestating overseas, or not being banned or overly regulated and taking a more direct, faster path into the mainstream. I prefer the faster path.
Basically anything for the "by the time they know what hit 'em it'll be too late" dynamic to happen.
Optimistically speaking, it may already be too late. Bitcoin may be so compelling on an individual level for both the virtuous and the rats in government and financial circles that they know they have to get in. Then they're on Team BTC.
given the market price ramps we've seen and after yesterday's Senate hearings, Team BTC-USA has already formed. |
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Impossible for them to take it over. It's like trying to wrestle with water. Bitcoin is a community of decentralized nodes. It can outmaneuver whatever any centralized force tries to throw at it. But I like the whitelisting idea because it makes the establishment let their guard down as the inevitable happens under their noses. It will place a temporary roadblock in Bitcoin's path while allowing it to seep through and assimilate the entire road.
interesting thought ZB. not sure i agree but then i see the deviousness. after yesterdays hearings, i think i almost sympathize with the gov'ts predicament. they know they can't stop it. i also thought the 3 reps were reasonable people. especially Shassky and i think she's the key player. note that she's on today's agenda as well. this whole thing is about big vs small in the larger picture or minority vs. majority. power is shifting to the small individual, small business (ie majority), now that we have our own currency. if the large corporate players like the Amazons, Walmarts, etc feel they have a need for whitelisting maybe that's not such a bad idea to allow them to get thru the window of the transitional phase w/o the whole economy imploding. no one, esp. me wants anarchy or an implosion of the economy. i do want the banking and financial system to be forced to make the difficult transition to a currency like Bitcoin but we can't expect them to make it overnight. small players can choose to ignore the whitelists if they want. what would really help is if the gov't made that legal. perhaps below some sort of threshold. |
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The Senator's closing remarks were very encouraging.
"We're here to minimize the bad while emphasizing the good" (in regards to Bitcoin).
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Wow, Brito just killed it!
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even i am having to pinch myself to reassure that i am not in a Dream.
that Senate hearing went way better than expected.
$740; woot!
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Dave, we need the link the v3 sd card image.
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Dave, we need the link the v3 sd card image.
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what the hell is this? it comes and goes?  if i click to see ALL the replies it disappears.  |
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I hate this thread.  Every time I see it I'm reminded of the time I bought $1k worth of silver back in September of 2011 at a price of $42 an ounce. Yes, just weeks before it crashed to $26. Unfortunately, I didn't learn about bitcoin until February of this year, but (fortunately) started buying at $29. your problem is that you've not yet learned how to think like Chaang Noi. the further the price drops, the richer you become. When i made a million usd in a week i thought that was cool. Now its two hours. Im not even sure how i think anymore. Welcome To Bitcoin! |
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