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What Kim likes most is publicity. He is a rather volatile character.
If he goes for bitcoin that will be a nice marketing gig but I do not expect that he does it out of solid belief in bitcoin. He is always looking for the next big thing.
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If Bitcoin becomes 10K then you probably won't need to "cash out", you could just purchase what you want online with Bitcoin unless you want funds for a start up or something...
Same reasoning applies to the startup operating cash. Exactly. Apart from that USD or any other fiat currency is not a reliable reference value as such currencies can be inflated without limit. It's more wise to use commodities as reference value. |
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First you start with all these good intentions and then you will gradually abolish them when you have to confront reality... I guess that's what history teaches us.  You promise a lot of things but offer no explanation how you could keep your promises. If you want me to join your nation, you have to give more thoughtful guidance. History teaches us nothing. History teaches us everything History teaches us what the winners wants us to think has happened in the past. The Truth About History: The truth lies somewhere in between all the other lies.  The truth is that there is no truth and even this sentence might not be true.  |
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Oversupply of money is the necessary precondition (which is also the definition of the term "inflation" which I prefer)
Why? How can we make sure that money is not over-supplied? Possible solutions: 1) The amount of money in circulation is decreased, never increased or only increased at a very low rate (valid under the assumption that the economy does not shrink). 2) The amount of money increases and decreases exactly in sync with the value of all newly produced or devalued economic goods and services. (1) is the case of Bitcoin, (2) is the hypothetical ideal of the current central bank model (which is not implemented and may be impossible to implement in reality). |
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Bitcoin is not a true currency until the masses can buy food, shelter, transportation, and entertainment directly with bitcoins.
Definitely. Out of the five, for me especially food and transportation (big supermarkets and public transportation services) would be real breakthroughs. But I think we are still years away from that... |
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It's well possible that with the reactivation of the Cold War due to Crimea we will also see a reactivation of the space race. This time however I think Russians and Chinese will lie ahead. It will be interesting to see if Europeans will intensify space partnership with Russia. What about Russia + China? No. That would be a bad idea. The Chinese are notorious for stealing technology from others. If Russia co-operates with them, then the Chinese will first steal the Russian technology, and then dump the Russians. I think that's too much of a stereotype. The Chinese are beginning to innovate themselves. They are eager to learn. And with so many people, rest assured that they have enough qualified staff. |
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Die kannte ich noch gar nicht. Danke für den Tipp! |
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If I started my own nation, would you join?
Would you be willing to by military means defend against the country from which we stole our territory from?
We would be a nation with the principles of "Be nice" (yes, marijuana would be legal).
We would be a nation where you only work a few hours a week with communal stuff like farming, fishing or building, and in exchange you'd get a house to live in and organic food (and most of the time you could whatever you want, like: lie on the beach and getting high).
Weapons would be banned unless we were invaded (there would be no reason to have them otherwise).
Hard drugs would be illegal (like heroin or cocain).
We would live in harmony with nature, and our electricity would be 100% renewable.
We would have a direct-democracy, so everyone could get their voice through.
Yeah, basically start an utopia?
Which of you would join?
First you start with all these good intentions and then you will gradually abolish them when you have to confront reality... I guess that's what history teaches us. You promise a lot of things but offer no explanation how you could keep your promises. If you want me to join your nation, you have to give more thoughtful guidance. |
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The central problem is that merchants still use USD as reference currency. The problem will disappear once Bitcoin is the reference currency. To accomplish the entire economic supply chain (from primary raw materials to products and services) has to use Bitcoin. Any initiative to accomplish that, even it is just within one economic sector (for example food sector) would be a huge leap forward.
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Hyperinflation is concept completely different from inflation.
Inflation is about the increase of the supply of money.
Hyperinflation is a political phenomenon.
It happen when people holding the money stop believing inflation is a transitory phenomenon and start believing it is a continuous policy of the government.
From that moment, it do not really matter how much the supply of money increase, people will try to get rid of money ASAP buying anything.
Under normal circumstances (low/no inflation) people see the price of a good and say "I buy it now, maybe it could be useful in the future"
When inflation raise the prices, people will say "I will wait and I will buy when it will be needed/useful"
Later, when inflation increase they will say "Bettet to buy it now, before price rise again"
In hyperinflation they will say "It is not useful but I will buy it anyway because the money I hold will lose purchasing power tomorrow"
This. Instead of "political phenomenon", I would more generally say "psychological phenomenon". Oversupply of money is the necessary precondition (which is also the definition of the term "inflation" which I prefer), but it's the psychological expectation that money will loose value in future that accelerates it's loss in purchasing power. This effect is self-reinforcing: The expectation of deprecation in purchasing power stimulates spending behavior, increased spending yields price increases for goods and services, which validate the expectation and reinforce the expectation of further currency deprecation, encouraging spending behavior even further... |
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@OP, are we there yet?  Because I feel just greed, but this greed is painful, because I temporarily ran out of fiat to buy moar, so yeah I feel pain, but not the kind of pain you're referring to Definitely not. We're there if you have given up and would have serious doubts about buying more even if you had the funds. More pain to come. |
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We are not at the bottom yet. There's still too much hope and positive expectation within the community. There will be another rise, but optimists have to give up first. It's good for stability to get rid of the short term speculators.
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Satoshi?
Gavin Hoffe nicht, dass es da im Nachhinein noch zu einer mittleren Katastrophe kommt.
Wieso sollte es? Library up- oder downgraden auf die Hintertürchenfreie Version, und mal die Beträge aus der alten Wallet in eine neue Wallet schieben. Die alten Adressen kann man ja immer noch zum Empfang verwenden, oder lässt die halt erstmal leer liegen. Dann halt neue Wallet Adressen ins Impressum etc. pp. Denn bisher ist noch immer mehr Schaden durch ungerechtfertigtes Vertrauen in Handelspartner entstanden, als durch solche kurzzeitigen technischen Lücken. Du sprachst vom "lautlosen Abschnorcheln" (übrigens Gratulation für diese wirklich gelungene Wortschöpfung ). Klar, es ist unwahrscheinlich, aber besser einmal zuviel paranoid als Coins weg. (Die Frage ist ja, ob alle User die 0.9.0 installiert hatten auch ihre Coins verschieben.) |
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Selective sampling and selective selection? Wtf have you been smoking bro? Give me some of that sht!
What is "selective" on the graphs? There's an X and a Y axis, time and market value. That's it, nothing taken away and nothing added.
Justification to chose a logarithmic scale? Well you answered that yourself didnt you: You can Draw a trendline, see the trend of the curve and make a prediction.
It ain't proper science? Ofcourse not. The sentence following that is fkn stupid though. "Manipulative selection of Methods until a wanted result is given." Erm... No?
You are free to make a graph on Your own proving me it's possible to stick to facts, as theese graphs do, and get a different result.
Definately not this.
Log scale is used not to trick the eye but to make it possible for the eye to even see it. BTC have gone up too much so if you're gonna make a graph showing all the rises in detail you have to make the Picture as big and high as a 3-story building. To use 1-10 instead of 1-2 is just this - a means of showing what's happening without printing the Picture on a 10x10m wall.
But Yeah, ofcourse, it will be wrong sometime in the future. Nobody is arguing that.
Obviously you do not fully understand the argument: If you can apply arbitrarily chosen methods to arbitrarily chosen subsets of data on an arbitrary scale, you can manipulate your "analysis" to yield any result you want to have. Therefore such an analysis is also arbitrary and has no predictive value. Please reduce your use of insulting language. |
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Please, don't tell me that Satoshi is a parrot.  No, Gavin is in fact Trendon Shavers and Satoshi owns the zoo. |
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The thing is: The graph is based on reality, not fiction.
The thing is: The graph is based on the past, not the future. Extrapolating is always dangerous. It works till it doesn't. I also expect that we're probably shooting up by a factor of 5-10 in a few months... But it isn't a given. This. Technical analysis uses a lot of selective sampling and selective selection of analysis strategy. For example: What exactly is the justification to choose a logarithmic scale? Just because this is the only scale where you can draw a trendline? That's not proper science, it's manipulative selection of methods (and timeframe) until you get the results you want to get. |
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I expect that AfD (eurosceptic), NPD (far-right), Piratenpartei (pirate party, in Germany now much more left-wing than libertarian) will get seats for the first time.
AfD and PP might get seats. But the NPD got only 0.9% of the vote in 2004. They didn't participated in 2009. Die Republikaner might get one seat, as they got 1.3% of the votes last time. Republikaner are in a constant decline since several elections and will most likely loose votes to AfD, so I think it is less likely they will get votes above 1% than the NPD, which is much more radical and therefore more likely to keep its core voters. But I wouldn't rule it out. It will be interesting to see if the smallest parties as a whole improve their results because the threshold no longer exists and voters will be more likely to vote for their real preference than just strategically out of fear the vote might not count in the end (party does not get past the threshold). |
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In Germany there was a recent judgement of the constitutional court which eliminated the former treshhold for seats for European elections (first 5% then 3%). So in Germany any party which reaches approx. 1% of votes will get a seat. This will strengthen all small parties.
I expect that AfD (eurosceptic), NPD (far-right), Piratenpartei (pirate party, in Germany now much more left-wing than libertarian) will get seats for the first time.
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If I'm right that's basically one of the old alternative symbols.
It doesn't matter much what this industry group aims at. The Bitcoin symbol that people use will win in the end - and will eventually be included in Unicode.
The current symbol is much more common at the moment, so let's see how this turns out.
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Zu der Lücke in OpenSSL an sich lässt sich im Internet hingegen schon einiges finden.
Die ist wohl frisch eingebaut worden, Versionen vor der aktuellen 1.0.1 wie das auf älteren Systemen noch verbreitete OpenSSL 0.9.8 sind offenbar nicht betroffen. und dann wäre da noch der Hinweis http://www.heise.de/security/news/foren/S-TLS-Entwickler-ist-Co-Autor-der-NSA-Hintertuer-des-Zufallszahlengenerator-von-RSA/forum-277761/msg-25049951/read/Zusammenfassend kann man sagen, das Computer halt nix sicher sind. Aber solange man dem Computer kein Geld anvertraut, dürfte nichts passieren können, ausser das jemand deine eMails da mitspitzelt. Willkommen im Überwachungstaat! edit: wenn da was abgeschnorchelt wurde, dann war's lautlos (ohne Sauggeräusche) aber wenn dann plötzlich die Coins alle weg sind, dann weis man wenigstens Bescheid. Hoffe nicht, dass es da im Nachhinein noch zu einer mittleren Katastrophe kommt. Generell kann man den Entwicklern auch im OpenSource-Bereich nicht einfach so vertrauen. Denn nur wenige haben bei komplexer Software die Kompetenz, Hintertüren zu erkennen. Deshalb gibt es mir auch ein ungutes Gefühl, dass unser ehemalige Hauptentwickler zu Gast bei einer Drei-Buchstaben-Organisation war. |
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