There's really only two outcomes without a higher or removed max block size: stagnation or network congestion failure.
Like you don't need a gun to kill an ant, you don't need bitcoin to buy your damned coffee. Bitcoin is for gentlemen's transactions. Capisc? |
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So the correlation can very well be explained by assuming that bitcoin is rising the most at exact those times when gold needs to be supressed the most for persaving more widespread panic.
I'm fully aware that this conclusion requires two strong assumptions and I could very well be wrong, but don't let yourself be fooled into believing that two graphs that show a similar pattern are proving a direct relation of the underlying effects.
Yes of course, and in previous years I had a definite impression of a strong positive correlation instead. I found that chart interesting just for trading / asset allocation ideas (not certainties). Imho at this right moment gold seems to me a safer bet than btc (for who is interested to keep something on the safe side). Interesting idea yours. But then the panic-fueled btc rocket now should be flying high (?) |
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The Brazilian ButtReal lost 63% of it purchasing power against the USD in 2015, Just saying  |
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imho we hardly go much lower than this (but the next 24 hours...)  |
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I was looking for next exchanges to interface with C.A.T.
Any suggestions?
I would avoid any exchange who does not publish who runs it with name, address, and everything. People has been already Goxed and Crypts-ied enough. Maybe fixing the api-thing with Vaultoro could be a better priority. |
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I'm going to gradually unload some btc for gold and silver, just for diversification.
Imho silver has more potential gain if they start rising, given the gold/silver price ratio overextended at about 80X, current price below mining cost, almost no stock, etc.
But even with gold, I would not discard the chance of a doubling in price within 1-2 years.
Now both look like they've just bottomed, so risks of further major drops should be contained.
Whatever you do, at this time I would move gradually, and not forget to keep about 20-30% in cash at all times.
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This is the start of a new architecture that will help me to improve performances and maintenance routine. I think that this project will be completed with C.A.T. 4.0
Does it mean that updates will stop at v. 4.0?
So, who wants to partecipate to 3.6 BETA?
Count me in. A question: what does it mean when a Ping has "Status: Death" in Ping orders and trades? |
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it reminds me of this:  |
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rjclarke2000 Alts are the new dotcoms. A few of them will do very nicely. BTC, XMR, FCT,  And LTC because it is immune to all that spam Tx and block bloating nonsense. |
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economic retardation
That's the pathology of (supposedly honest) blockchain bloaters. Refusing to see that increasing the blocksize without providing incentives to dissuade destructive behaviors (from spam attacks to gratuitous crap) is both pointless and suicidal. Nonsense. 1. Are you going to define and provide cut off points for what constitutes "gratuitous crap"? Someone who is legitimately sending 1000 tx today at the average per kb fee, does this become spam if they fail to meet your new fee targets? 2. Please use the more accurate term "charge higher fees" instead of "dissuade". Because that is all you are doing. 3. Miners are currently incentivized to produce the smallest blocks possible with respect to the transaction volume. 4. Letting the Political Bureau of the Central Committee of the Core Devs of Blockstream decide the issue, rather than the market itself seems a strange thing to do in what is supposed to a decentralized anti-fragile ecosystem such as Bitcoin. 1. No, until he keeps paying fees high enough to let his tx included, given the traffic of the moment. Which means: at the rising of demand (blocks getting full), tx fees have to go up, because TANSTAAFL. 2. of course. For the very retarded I might use that. 3. and making them bigger they are incentivized to mine empty blocks. 4 on the market value has a price. and free shit is still shit. I don't care at all about Blockstream and whatever, until the hard core remains hard. |
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Bitcoin as a vehicle of freedom is likely lost.
I agree that the fungibility-thing is one of the greatest threats to BTC (still potentially only afaik). But since they already inverted the burden of proof in tax matters in many countries from a long time, and given other regulations like civil asset seizures based on nothing (and already exceeding burglaries in value in the US: http://www.zerohedge.com/news/2015-11-17/police-civil-asset-forfeitures-exceed-value-all-burglaries-2014 ), they could as well start incriminating people for the mere use or possession of an anonymous/untrackable cryptocoin. The only ways out for what I can see is either move/do business where this organized insanity is lacking, or go "system D" in the underground economy with all the risks involved. In any case there would be not much difference between BTC and say XMR in terms of user safety against TPTB. |
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economic retardation
That's the pathology of (supposedly honest) blockchain bloaters. Refusing to see that increasing the blocksize without providing incentives to dissuade destructive behaviors (from spam attacks to gratuitous crap) is both pointless and suicidal. |
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I mean this is already happening with 1MB empty blocks.
Do you realize that you have actually provided an argument for raising blocksize? No, he provided only arguments to let the fee market work. And possibly to ban the saboteurs once for all to save our time. |
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Leftist extremism is not the future. We've already reached peak leftism, peak government, peak collectivism, peak feminism, etc. You can only go down from here in your SJW ideology. If anything, we will return back to the culture of the 1800's and early 1900's after all this garbage collapses.
You're very optimistic. But the free shit party will never die. It is the very essence of politics. You just find pendulum-like slow cycles of ebb and flow in any given place.  |
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that's some hard evidence to expect an imminent price rise of comparable scale. |
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