Schiff is part of the old guard that took autogyros to Siam for investor conferences while a servant shined his spats.

Gold is currently trading at 1,240 per oz - Bitcoin is trading at 1,255 per Bitcoin.

I say let the market decide which is more valuable. And I bet in a few years, the gold bugs will have to capitulate -- if they're still alive, that is.

I'm avidly following your progress Thanks for all you've done to continue Armory, its one of the best out there.

If muslims don't like it, they are welcome to fork the code and make their religion-based coin.

Imposing some kind of progressive religious "test" on Bitcoin is a big fucking mistake. Its open source, which means each party can adapt it to their needs - not dictate what should be done at the expense of others.

So, in short -- fork it, or bugger off.

Just an update - was going to roll back to 0.93 when I decided on a whim to start up 0.95 again.

And... it worked!

I had wiped the database directory entirely, started and synced bitcoind prior to launching Armory. My guess is one of my prior actions had fixed something, but I didn't bother to reboot the linux box since that is not usually needed. I guess I had to power-cycle it, because that did the trick.

Anyway, its much faster, so thanks very much for that!

How amusing.

You mean Mike Hearn's rage-quit and subsequent Bitcoin "is a failed experiment" tantrum isn't producing productive fruit? WHO COULD'VE GUESSED....

That man is "death's kiss" to any project, it seems.

I'm a technical trader, so when I see an article on Bitcoin with some analysis, I pay attention.

I agree with the longer-term view, but not so much with the shorter-term reasons.

Technical indicators are interesting, but a large array of them are useless. How can you tell?

1. ) If it uses any kind of moving average (backward sampling/smoothing) it isn't forward-looking, its backward-looking.

2.) If the indicator plot looks like you took price action, got a simple average and then normalized it within a range of 0 - 100 (or something similar) its garbage. Trading off of an indicator that is simply price rescaled isn't going to do you any favors.

3.) If an indicator gets "pegged" at one extreme or another on its scale, its fundamental premise is flawed. "Overbought/Oversold" just means they aren't accounting for how prices change. It means that the basic assumptions behind that indicator are insufficient. (I can't tell you how many times I've seen RSI/Stochastic get pegged at "Overbought" during a strong rally that would be suicide to short into.)

This throws out a bunch of indicators people like looking at, so I understand if you're mad about that right now. But its the truth. RSI/Stochastic/EMA/SMA are all crap.

Have I made my own that don't subscribe to any of the above three rules?  -- Yes.

Is it worth the effort? -- Yes.

Should you? -- Absolutely. Stop using "canned" indicators that someone else threw together in the 1970's and start looking at price action in a new way.

No need to include all the tracking crap -- http://www.zerohedge.com/news/2017-02-24/bitcoin-surges-record-high-china-prepares-its-own-digital-currency <-- This works just fine

Thought experiment time.

Lets say the People's Bank of China does release a cryptocurrency. This gets people used to using it, in addition to the steps needed to sync to the national blockchain. As this occurs, existing Chinese Bitcoin users start educating the people that are using ChinaCoin about Bitcoin.

An interesting economic shunt starts taking place. Value from the bad centralized system starts flowing into the global good system. The Chinese government isn't pleased, and after some attempts to regulate, shut down their coin.

Then you end up with a bunch of Bitcoin users that wouldn't have existed in the first place, all paid for by efforts of the PBOC.

I say, go ahead, it should be highly amusing.

Where were you yesterday? He had a gif up when we were about to break all-time highs.

Naturally this blocksize panic ignores that there's someone "chaining" a transaction with its own inputs and spending 300 USD an hour on fees to choke the mempool.

This shit isn't "natural", and it isn't "organic" growth flooding blocks. Its malicious bullshit behavior, and I bet someone whose last name starts with "V" knows exactly why its happening.

In other words, same old agenda, same old actors, same fucking bullshit.

Reference - https://www.reddit.com/r/Bitcoin/comments/5vn8r8/someone_is_currently_chaining_12k_btc_over_and/

Listen up, jackhole.

Nobody is claiming that storing bitcoins on an exchange is a good idea. I'm just correcting your FALSE statement about Bitfinex being based in China.

Do you read what you write, or is everything out of your head a streaming-conciousness-flow-of-unchecked-idiocy?

Bitfinex is based somewhere in Europe, not China.

And they are the volume leaders, even after their hack and shafting their users. I guess some people are too fucking stupid to see a Gox 2.0 in the making.

I'm sure it will all end in tears, just like the first Gox.

Who writes this trash?


I fail to see how a global, decentralized payment system is "responsible" for pirate sites, which have existed long before Bitcoin even came into the picture. Its this kind of intellectually lazy authorship that makes it easy for the critics of Bitcoin to pick up on half-baked criticisms as if they're a real "thing".

Bitcoin has nothing to do with the origins of piracy or the push for free information over the internet. Its patently ridiculous to point at Bitcoin as the source for anything other than financial freedom.

I'd love to see these jokers try a fork -- and fail. (again)

That's a lot of lost mining income every time they do. These tossers don't realize how much resting inertia the Bitcoin network has.

Needs proper date formatting to be in the News Section.

Thanks...

That won't be easy given how I have this system set up. I'll just roll back to the working prior version and wait until there's a fix that handles the problem. I was surprised that the database 0.93 is manipulating is 72GB in size -- and that's just for Armory, not the blockchain storage size, obviously.

I'll just use the slow-poke version for a while I guess.

Thanks.

Running the newest release on Ubuntu/Trusty (don't mock, 0.93 worked fine).

Got "dbdir error - fortunately I backed up my old installation to another directory.

Wiped everything from the old install .armory directory - installed using software manager for amd64 deb linux package.

I see a new .armory hidden directory created.

Start Armory, loads quickly. I didn't have it set to start anything (bitcoind) on its own, so I closed it.

Re-started Armory with bitcoind running, and my watching-wallet in the .armory directory -- it sees it, does a wallet consistency check, says its all fine.

Then the dreaded DB error pops up and wants me to close Armory.

Bitcoin-qt 0.13.1 and Bitcoind work just fine, sync with no issues and I have the latest blockheight.

Is there somewhere else its looking for the Armory database? The only hidden folder I was aware of is in my user directory under .armory/databases -- and even when I wipe that out completely it still chokes with a DB error.

Just bummed because I was using a prior version with no problems.

Why are these idiots coming in here? I thought the news section was too boring for these people.... which is why its the only section I check anymore.

DooMAD, BurtW.... just 'eff off into the main forums, KTHX.

Where the hell did this Burt dude come from?

Maybe I've been avoiding the LaBrae Tarpits of the common forums here too much - I have no idea who this guy is, but first impressions aren't favorable.

Lets just run this through a thought experiment, shall we?

There seems to be no advantage to hacking Finney's account, unless there were some personal messages that contain some private information.

No one is going to take a post from the now-passed Finney as legitimate or credible.

Bitcointalk's security has been penetrated many times, so it may just be simple curiosity on the hackers behalf.

In any case, it doesn't seem like there's much to be gained by controlling a dead man's account - unless Hal used it (highly doubtful) as part of a two-factor scheme for something more valuable.

I'm sure their 9.91 BTC will be eaten up in a flash.

This is a non-event, from a market standpoint. Most piles of bids or asks are beyond the 1,000 BTC range. (At least those that have any effect on how price behaves.)