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341  Economy / Speculation / Re: BTC has been overpriced all along? Will stabilize around 200-400? on: February 17, 2014, 08:41:02 PM
Will stabilize around 30-40 usd
I presume per millibit, of course.
342  Bitcoin / Project Development / Re: new approach to altcoin design, create it bitcoin dependent( doc only ) on: February 17, 2014, 09:05:49 AM
Will any part of this not be open source?
343  Bitcoin / Project Development / Re: new approach to altcoin design, create it bitcoin dependent( doc only ) on: February 17, 2014, 06:40:29 AM
How is this different from Colored Coin, Mastercoin, or Etherium?
344  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 17, 2014, 06:19:23 AM
Quote
single black swan event could wipe BTC out
Tell that to all gov, hacker, bank trying to wipe btc out since 2 years



Interesting then that the most damage has been done by an insider, isn't it?

Look, I'm not making predictions, just saying making predictions is in itself unwise.  

My old science teacher told me the only certainty he could tell us was the sun rose in the East, travelled across the South sky and set in the West.  I moved to Australia and discovered even that was partly untrue.

Don't close your mind to possibilities.

It's actually 5 years. The Black Swan would need to solve a problem that Bitcoin doesn't. First you need to find that problem, then the Open Source community will work on it. So far all the best solutions include Bitcoin.
345  Other / Meta / Re: Get Donator status by donating 10 BTC on: February 17, 2014, 05:41:56 AM
There is now a forum section accessible only to donators/VIPs.

Link?
Didn't you get an invitation?  Grin
346  Economy / Economics / Re: Trend reversal on: February 17, 2014, 05:31:05 AM
Why do I bother? Your FUD is unpaid propaganda. Thank you for your voluntary service. The volatility you folks produce gives me free bitcoins. Keep up the hard work. Honey badger.
347  Economy / Economics / Re: Trend reversal on: February 17, 2014, 04:59:19 AM
Price is making lower highs and lower lows.  Just because one is constantly thinking bullish in Bitcoin doesn't mean the first higher low is even that; much less a reversal.

You're in a downtrend.  There is nothing except your own bias telling you to buy now.
Maybe you didn't hear about Mt Gox? We're not in a trend reversal, we're in a full blown market crash. This was not a slow reversal. Crashes end and the market will correct.
348  Bitcoin / Bitcoin Discussion / Re: Bitcoin Conference is coming to Dubai! on: February 17, 2014, 04:48:39 AM
I just saw that a pizzeria in Dubai is taking BTC.  Maybe they would be interested in participating with the conference somehow? 

https://bitcointalk.org/index.php?topic=469676.0
Do buy some pizza.  Grin
349  Economy / Economics / Re: Bitcoin and The Crashing Game on: February 17, 2014, 04:46:14 AM
Sounds like someone panic sold. HODL next time.
350  Economy / Speculation / Re: BTC has been overpriced all along? Will stabilize around 200-400? on: February 17, 2014, 12:58:05 AM
The waters are muddied not just because of alt coins, but because there are derivative coins dividing the market. If they are what they claim to be, then they will allow Bitcoin to once again surge upward. If they turn out to be pre-mined centralized coins and not decentralized open sourced coins, then they may set faith in Bitcoin back a step. If we see some real innovation that is useful for large business to adapt, then expect another bubble. Innovation is the key to adoption. Right now the price is where it needs to be.
351  Bitcoin / Project Development / Re: ChromaWallet (colored coins): issue and trade private currencies/stocks/bonds/.. on: February 16, 2014, 07:29:32 PM
I hope to see this soon. The waters are getting muddied by centralized scamcoins that claim to be Bitcoin protocol overlays yet require closed source api servers that reserve the right to restrict access. I'm not trying to rush you, just do it right and show these scammers that there are no shortcuts. Counterparty (that name was my idea for an escrow betting coin in 2012) is pretending to be decentralized. Mastercoin may work, but seems too fragile and will probably sacrifice decentraliztion to avoid double spending. Ethereum is nothing but a hodgepodge of ideas, vaporware, and hype.

 Colored Coins at least has your pledge to release open source chroma servers. Bitcoin deserves nothing less.
352  Economy / Economics / Re: A Resource Based Economy on: February 16, 2014, 01:28:56 AM
It's not a matter of belief, it's the limitation of their optics. They operate under presumptions set forth by authorities without question.

Out of curiosity, how are you linking "profit" and "authority?"
Until there is a multidisciplinary correlation supporting the hypothesis that profit is a measure of goodness, it appears to be a fallacy. Fallacies are the bread of authorities. It is far too easy to falsify and support the opposite view that profit leads to pain, pain leads to suffering, and someone loses a hand.

That's such a wishy washy statement, anything can lead to pain, are you saying that the act of profit making actually inflicts pain? Can you give an example?
Howabout the obvious one. Slavery.

We're talking about free markets and voluntary exchanges, slavery is not a voluntary exchange.

In slavery, the ones in pain are actually the product.
There is a voluntary exchange between the buyer and the seller.


edit:
And it's a fine example of how the efficiency of the market has nothing to do with the 'goodness' of the situation.
This is why science isn't about morality. It would be interesting to see some of these "free marketers" become products themselves. They might provide interesting data.
353  Economy / Economics / Re: A Resource Based Economy on: February 15, 2014, 12:09:45 PM
It's not a matter of belief, it's the limitation of their optics. They operate under presumptions set forth by authorities without question.

Out of curiosity, how are you linking "profit" and "authority?"
Until there is a multidisciplinary correlation supporting the hypothesis that profit is a measure of goodness, it appears to be a fallacy. Fallacies are the bread of authorities. It is far too easy to falsify and support the opposite view that profit leads to pain, pain leads to suffering, and someone loses a hand.

That's such a wishy washy statement, anything can lead to pain, are you saying that the act of profit making actually inflicts pain? Can you give an example?
Howabout the obvious one. Slavery.

We're talking about free markets and voluntary exchanges, slavery is not a voluntary exchange.

How convenient to define the conversation to your arbitrary parameters. I am sure everyone in the world agrees with your worldview.
354  Economy / Economics / Re: A Resource Based Economy on: February 15, 2014, 11:42:02 AM
It's not a matter of belief, it's the limitation of their optics. They operate under presumptions set forth by authorities without question.

Out of curiosity, how are you linking "profit" and "authority?"
Until there is a multidisciplinary correlation supporting the hypothesis that profit is a measure of goodness, it appears to be a fallacy. Fallacies are the bread of authorities. It is far too easy to falsify and support the opposite view that profit leads to pain, pain leads to suffering, and someone loses a hand.

That's such a wishy washy statement, anything can lead to pain, are you saying that the act of profit making actually inflicts pain? Can you give an example?
Howabout the obvious one. Slavery.
355  Economy / Economics / Re: A Resource Based Economy on: February 15, 2014, 10:56:17 AM
It's not a matter of belief, it's the limitation of their optics. They operate under presumptions set forth by authorities without question.

Out of curiosity, how are you linking "profit" and "authority?"
Until there is a multidisciplinary correlation supporting the hypothesis that profit is a measure of goodness, it appears to be a fallacy. Fallacies are the bread of authorities. It is far too easy to falsify and support the opposite view that profit leads to pain, pain leads to suffering, and someone loses a hand.
356  Bitcoin / Press / Re: [2014-02-14] Video - Let's Get Real: Will You Ever Use Bitcoin at Walmart? on: February 15, 2014, 09:16:12 AM
For awhile I had to go into Wal-Mart to use moneygram for Bitinstant. Now I need not darken their door.
357  Economy / Economics / Re: A Resource Based Economy on: February 14, 2014, 08:37:46 AM
It's not a matter of belief, it's the limitation of their optics. They operate under presumptions set forth by authorities without question. Limiting ones measure to only profits demonstrates that only tools that measure profits are used and any other data is discarded. This is called observational bias.

Do you have an example of an objective measurement of goodness that I (and everyone other human being from the beginning of time until today) missed?

I have no doubt that you can come up with any number of subjective measurements that just by sheer coincidence happen to support your views.  Any fool can do that, and plenty have.
When you use words like "goodness" and you define them as subjective, you have already dismissed any objectivity. Measuring phenomena is multidisciplinary. There is no need to rely solely on "subjective measurements." It is easy enough to measure objective qualities of goodness. Qualities such as pleasure, nutrition and health, productivity (in general terms), social connectedness, etc. could partially define goodness. I would not interpret goodness in any moral sense, but in the overall wellness of people that tend to be generalized as good. This way we can independently measure factors that discern perceived goodness from acceptable norms. I'm not talking about a "school of thought," but demonstrable quantities subject to falsification and used for making useful predictions. This is an oversimplified explanation, but that's what science is. A truth can be told easily, but it's explanation is almost never easy when it comes to epistemological terms.
358  Economy / Speculation / Re: We have cheap coins now... so stop complaining!!! on: February 14, 2014, 07:59:46 AM
But they will get even cheaper. yay...  Undecided
This is the Saint Valentine's Day Bitcoin Massacre.
359  Economy / Speculation / Re: The Saddest Day on: February 14, 2014, 07:37:52 AM
Even if whales wanted to buy in, there are not enough exchanges to handle any volume.
360  Economy / Speculation / Re: silk road 2 hacked on: February 14, 2014, 06:49:35 AM
Let's hope the SR 2 folks turn themselves in to the authorities before their customers find them.
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