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July 06, 2015, 10:09:44 PM *
News: ♦♦♦ If you are using any wallet other than Bitcoin Core 0.10.x or 0.9.5, then you should not trust incoming transactions until they have ~30 confirmations. More info.
 
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341  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: January 28, 2015, 04:27:42 AM
Has this been posted here before?

'Bitcoin and the dangerous fantasy of Ďapoliticalí money' (2013). By Yanis Varoufakis, Greece's new Finance Minister.

http://yanisvaroufakis.eu/2013/04/22/bitcoin-and-the-dangerous-fantasy-of-apolitical-money/

Yeah, what a piece of shit, I hope he chokes on a Gyro and I hope Greece goes down in flames.
Greece doesn't have the balls that Iceland or Switzerland have. They will sell out their people and lands.
342  Economy / Speculation / Re: I AM HODLING on: January 28, 2015, 02:55:56 AM
After major delisting announcement: hodling one single Feathercoin.
Which is not worth the electricity to run the client, let alone a miner.
343  Bitcoin / Bitcoin Discussion / Re: Fork off on: January 27, 2015, 05:31:08 PM
Until miners stop merge mining IXC and other shitcoins, I reserve suspicion of ulterior motives.
344  Bitcoin / Bitcoin Discussion / Re: Fork off on: January 27, 2015, 05:27:37 PM
No

So shut the fuck up.
Thank you very much :-)
The lemming approach working out for ya?
345  Bitcoin / Bitcoin Discussion / Re: Fork off on: January 27, 2015, 05:17:28 PM
By the same logic we should reduce the block limit down to 125KB right?

Nope. By this logic we don't fix what isn't broken.

Your right so we should restore the original unbroken 33,554,432 byte limit on messages (to include blocks) from the original client.

Is Bitcoin currently broken?
No, but the 'check engine light' is on, or are you the type that ignores it until it's too late?
346  Bitcoin / Bitcoin Discussion / Re: Fork off on: January 27, 2015, 05:08:14 PM
There are only people: people I trust, and people that I don't trust. And I don't trust Gavin.
Open source. We don't need your trust. Thanks anyway.
347  Bitcoin / Bitcoin Discussion / Re: Fork off on: January 27, 2015, 04:56:37 PM
By the same logic we should reduce the block limit down to 125KB right?

Nope. By this logic we don't fix what isn't broken.
But... full blocks!
348  Bitcoin / Bitcoin Discussion / Re: Fork off on: January 27, 2015, 04:16:04 PM
Look at these answers and notice they are all about costs, and yet he thinks people are going to teleport bricks of gold. Gold transactions are rare. Only one Satoshi is needed to send gold since it requires counterparty risk. There's no sense in having any fee at all. Only metadata is needed. Since he thinks the block reward is so large, perhaps we should do away with bitcoins and only use one metadata transaction per block.

You seem to only have been given a meta-brain.

That's actually a compliment in meta. What do you care? YOU HAVE GOOOOOOOOLLLLLD!!!!!!!!!!!!!
349  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 27, 2015, 03:31:59 PM
eleventyleventyone!!!11111!!!!oneone
350  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: January 27, 2015, 03:10:55 PM
Centralized Bitcoin exchanges need to divorce themselves from the libertarian paradigm.
Solve this:

1) We dont have centralized, "serious" exchanges like the Gemini or Coinbase one, which leads to old big money not comming in.

2) We have centralized exchanges which means we get to deal with wall street bastards and risk the price being rigged, also risk on the exchanges being a failure again killing bitcoin due lack of trust.

How to solve this?? afaik, decentralized exchanges dont allow for proper trading.
I posted on Reddit:
Quote
I want to see a bitcoin exchange that doesn't give a fuck. Keep bankers hours. Ring a bell at opening and closing. Develop a good OTC trading board. Buy and/or hire Trezor. Offer Trezor support for security, multisig deposits and withdrawals, and after hours OTC trading only.
The libertarian paradigm must be divorced from centralized exchanges. They can only work on decentralized exchanges. DEXs will flourish when they find their niche as arbitrage markets between regulated traditional markets.
Take a good look at Tether and develop your own Winkelvoss dollar backed colored coin. Maybe you can leverage it against your ETF profits.

Tether is a colored coin (Mastercoin-style) that pegs USD or any other fiat to bitcoin metadata. These can be used for crypto pairings on DEXs.
351  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: January 27, 2015, 02:39:04 PM
Centralized Bitcoin exchanges need to divorce themselves from the libertarian paradigm.
352  Bitcoin / Bitcoin Discussion / Re: Fork off on: January 27, 2015, 02:36:18 PM
Evidence of what exactly? The fees today hardly equal a tiny fraction of the block reward, yet you're advocating increasing available space?


Since it's obviously costlier to mine a bigger block, in lots of ways, the expected profit can only be lower if the revenue is the same, and hence the chain is *less* secure.


Ask anyone with a bit of money in the bank, that's fucking cheap to teleport gold.

Look at these answers and notice they are all about costs, and yet he thinks people are going to teleport bricks of gold. Gold transactions are rare. Only one Satoshi is needed to send gold since it requires counterparty risk. There's no sense in having any fee at all. Only metadata is needed. Since he thinks the block reward is so large, perhaps we should do away with bitcoins and only use one metadata transaction per block.
353  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 27, 2015, 02:16:06 PM
Tea cup handle pattern on the 6H chart?

http://www.investopedia.com/terms/c/cupandhandle.asp

Bullish  Cool
Looks more like a B-cup, but bullish either way.  Wink
354  Bitcoin / Bitcoin Discussion / Re: Winklevii will become one of great capitalist barons of this century! on: January 27, 2015, 11:24:01 AM
Barons would be an ironic title in a decentralized ecosystem. They don't seem to have much interest in promoting Bitcoin unless I missed something.

You missed something.
Robber Barons were allowed to create monopolies. I guess OP meant something else here because Bitcoin is highly resistant to monopolization.
355  Bitcoin / Bitcoin Discussion / Re: Winklevii will become one of great capitalist barons of this century! on: January 27, 2015, 08:57:53 AM
Barons would be an ironic title in a decentralized ecosystem. They don't seem to have much interest in promoting Bitcoin unless I missed something.
356  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 27, 2015, 05:44:28 AM
it's over guys



yes it's just a matter of time before we go there, still money to be made on the way down, thanks to the clueless bulls who'll keep buyin because they saw a moon in they cereal bowl
Yeah, I'm waiting for it to go to negative numbers so you pay me to buy them. Either way, Bitcoin can't die.
357  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 27, 2015, 02:22:32 AM
There is no evidence of superstitious trading. Trade only bitcoins you can't afford to buy back at 350.
358  Bitcoin / Bitcoin Discussion / Re: Fork off on: January 27, 2015, 01:18:18 AM
Small blocks do not make Bitcoin scarce, small blocks make Bitcoin impotent. Size matters. Low transaction count means Bitcoin can't spread itself around. You know what I mean, ladies.
359  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 26, 2015, 02:40:53 PM
You know the old saying: "Buy on rumor, bear trap on news."
360  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 26, 2015, 02:19:53 PM
And there we go to 270$
People already dumping  Undecided

But what made them start dumping and killing BTC again??? What's in the news that's taking down BTC?

Coinbase posted site with countdown which ended 8 minutes ago. It said to the moon and that's it. Now they annouced exchange and people sell

"Buy on the rumor, sell on the [opening] news."  

Classic trading strategy.
Everybody knows this. That's why it works so well. Always choose paper. It always wins. Everyone knows this.
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