The poll is worded carefully. It asks "When do you plan to START...?"

The keyword is START. Even if someone has a higher target in mind, locating the top is not easy - actually nearly impossible, it could be argued. So a careful BCA* strategy could be an effective way to extract a preset amount of fiat, hedging against a premature end of the bull cycle. Not that I deem it likely as it is now, or that I need that much fiat in this predicament. Personally, I'm not starting anytime soon, but we all have different circumstances, so it will be interesting to see the poll's results.



*Bitcoin Cost Average

Fires in fireplaces are banned in London. Her Majesty can't be seen breaking the rules.

That's quality shitposting, though. Don't worry is my advice 

I'm so glad I never went through with my idea of taking out the initial investement and "keeping the game on house money only". YMMV... but it might not, too, perhaps?  

Oh, and congrats to ivomm for well deserved legendary status! Welcome to the club in the club. The cream of the cream, so to say.



b1tc01n3rz r 1337
wall 0bz3rv3rz r m0ar 1337
hatt3rz 3v3n m0ar




#ha1ku

(note date of this quote)


Nice "recursive" editing, Richy 

How can you slip in a transaction of your choice if it isn't you who "wins" the block? Please explain this a little better if you can.

I'm not even implying it is necessary to use blockchains in tracking deliveries. I'm just pointing out a field of application where it might be useful to use some kind of blockchain', even if some data could be fake (while for monetary applications, this is obviously unacceptable).

In a previous post, I also pointed out how most academic departments sporting "blockchain" in their names very seldom deal with problems connected to deliveries. Rather, they often indulge in studying PoW etc related issues - which don't necessarily have anything to do with blockchains in general.

My posts try to show how phony the "blockchain not bitcoin" stance is: people who say they're into "blockchain studies" are usually only interested in THE application of THE Blockchain.

In other words, I haven't made any statements about THE Blockchain - in particular, I've never said "blockchain, not bitcoin": I think it's plain BS. I'm baffled by the number (and high quality) of replies effectively contradicting a statement I never made.

Of course, a certain fraction of bogus data makes a database worthless if you can't locate it and fix or erase it.
I'm trying to make a different point: legitimate uses of blockchains - unlike THE blockchain: maybe not permissionless, not PoW based etc - for specific application. An example: tracking deliveries.

Admitting you can fake one data point - parcel was here at this time, weight was such-and-such or whatever - you either have to extend the lie OR the world notices something's fishy at the next milestone. All that is required in this case is a posteriori immutability, not absolute accuracy.

I meant assassination markets do need decentralized oracles.
And an anonymous or anonymizable cryptocurrency.

Not necessarily worthless. You can add a fake piece of information, but it's timestamped. What matters more, it forces you to fake later info related to the first fake piece. You can't go back and fix the logs after the fact. This can be valuable even if the info itself could be fake.

Assassination markets surely do.

I discovered an article while researching bitcoin, some time before buying my first. When I first read it, bitcoin was very young (I think the article itself predates Satoshi's public work) and believed to be practically anonymous. The fact that it isn't anonymous is not actually relevant as long as other private coins exist, or privacy can be enhanced with add-ons.

There was no Wikipedia article on assassination markets then, but the revolutionary implications of this idea struck a chord. I had a flash of Bitcoin's potential to change the world, finance apart.

Here's the article, still in its original form: Assassination Politics.

Indeed. I was just pointing out that the most relevant bit isn't "blockchain" in itself, but all the other cool properties we know, Byzantine generals etc.

MSM and WS need buzzwords to spread hype or FUD. Academia too. "Bitcoin" used to be unspeakable in certain circles, so they focused on this "blockchain" thing, but in most cases they're just as clueless today as they were when "blockchain" was the "real thing".

Then you see whole university departments with 'blockchain' in the name, and all they actually deal with is... permissionless, public, untrusted, PoW-based blockchain(s). They might as well call that 'Bitcoin studies' (capital B Bitcoin).

To be fair, I think a few use cases for blockchain technology exist - like cryptographically reliable timestamping of certain transactions. The shipment industry could be an example, or the stock market and the clearinghouses behind the curtains, where strict timing and prioritization of trades could be made transparent. The only important property is that you can't touch a past block without invalidating later ones.

However, such an unwieldy, inefficient, slow thing as a non-permissioned, fully distributed blockchain, with PoW, ...well, then of course there would be no need. Except for bitcoin  

I propose a simpler explanation. Apparently, both India and Nigeria news were found to lie anywhere between semi-fake and full-fake. So my theory is "just plain old FUD, be it WS or some other entity".

The strong point of my explanation is that it's better from Occam's point of view. 

I think it does, somewhat, if you can redeem it for the underlying.

Specifically, that's the level where each member of the One Million Club is a millionaire.

OK, let the new ATH be on record (yawn). It was just a squeeze IMO. It came back faster than it had climbed up, which is a telltale sign of inorganic peaks.

I doubt it. Apparently Congress showed more interest in hearing the guy called DeepF_Value (the reddit poster who started it all) rather than shedding light on the shit that went on between RobinHood and one or more clearing houses.

Let her take some breath ffs!