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1261  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 24, 2015, 06:47:43 AM
begin on start side of the river with wolf, goat , and cabbage - go across the river with the goat , leaving the cabbage and wolf behind (wolf won't eat the cabbage) , leave the goat on the target side , go back to the beginning side of the river (leaving the goat on the target side) , bring the wolf back with you and leave it on the target side , bring the goat back with you to the beginning side (leaving the wolf on the target side) , then , leave the goat behind on the beginning side of the river and bring the cabbage with you to the target side of the river , come back with empty boat , leaving cabbage and wolf on the target side of the river , return to the beginning side of the river to retrieve the goat , and then return to the target side of the river with goat, cabbage , and wolf , all intact ... easy Smiley

Correct, but there's a shorter solution. Click here: http://brainden.com/crossing-river.htm there is a lot more where the riddle came from. Beautiful puzzles and - BTW: you're hired! Tongue

Smiley


yeah just sortof banged that out without thinking (6 beers in) - i'm sure there's a step or two in the middle where you could double-up and increase efficiency - *i'm an expert level chess player (semi-professional) with a genius mind geared towards pattern recognition / math - puzzles = simple , though occasionally i take the long way around Tongue

I'm impressed! I'm nowhere near your level... Smiley BTW: It doesn't matter if you take the long road; since the destination is reached. It was a nice call from you (especially after 6 beers). I couldn't even read after a 6-pack!! Tongue
1262  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 24, 2015, 06:36:47 AM
begin on start side of the river with wolf, goat , and cabbage - go across the river with the goat , leaving the cabbage and wolf behind (wolf won't eat the cabbage) , leave the goat on the target side , go back to the beginning side of the river (leaving the goat on the target side) , bring the wolf back with you and leave it on the target side , bring the goat back with you to the beginning side (leaving the wolf on the target side) , then , leave the goat behind on the beginning side of the river and bring the cabbage with you to the target side of the river , come back with empty boat , leaving cabbage and wolf on the target side of the river , return to the beginning side of the river to retrieve the goat , and then return to the target side of the river with goat, cabbage , and wolf , all intact ... easy Smiley

Correct, but there's a shorter solution. Click here: http://brainden.com/crossing-river.htm there is a lot more where the riddle came from. Beautiful puzzles and - BTW: you're hired! Tongue

Smiley
1263  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 24, 2015, 06:03:08 AM
Quote
Nice gravure you got there btw. You have a nice hand. You drew it on 11.2013? I *think* I'm getting the point, (I may not, you don't think that I'm actually smart do you?) and I assume you tried to figure it out no? Smiley
Thanks. But that cartoon was not related to bitcoin, it was for lecture notes of a course on math for CS.  Posted it here just because of the "Greeks and logic" topic.

I figured out it wasn't bitcoin related, that's why I posted the (2) answers... Wink
Seriously; messing around with random data and trying to find the logic in between was something that always excited me. The rarest "human" ability nowadays (and the centuries before) is/was the combinational knowledge (ie: how do you make sense from -phenomenally- random data). I believe this should be a mandatory test in every HR department of EVERY ''high tech'' company (computer/medical/pharmaceutical etc).

You see, it's not enough to possess the information (ie: studies), you must also be able to solve the puzzle! Now I'm typing this, I remembered that the "social myth" says, there is a test that every employee should pass in order to get hired in certain companies in Japan.

Here it goes:  Smiley
Code:
A farmer returns from the market, where he bought a she-goat, a cabbage and a wolf (what a crazy market :-). 
On the way home he must cross a river. His boat is small and won't fit more than one of his purchases.
He cannot leave the she-goat alone with the cabbage (because the she-goat would eat it), nor he can
leave the she-goat alone with the wolf (because the she-goat would be eaten).
How can the farmer get everything on the other side in this river crossing puzzle?
1264  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 23, 2015, 11:31:13 PM
As for my (our) ancestors (you and many others here could be Hellenes too AFAIK) I'm sure they were smarter than their grandchildren who went bankrupt while they had THE solution right in front their eyes since 2009... They built Democracy, temples that stand tall after 25 centuries in a seismic country, music, physics, math...
Well, the Italians blotched it too, several times ...

You may (or may not) enjoy this

[ click on the image for a bigger non-truncated version ]
But of course the architecture is not accurate, and the symbols are totally anachronic...


If by "blotch" you mean "copied" then we have an agreement. The knowledge just migrated there after the fall. I'm sure you knew that their scholars and teachers were all Greek in Rome; no? Nice gravure you got there btw. You have a nice hand. You drew it on 11.2013? I *think* I'm getting the point, (I may not, you don't think that I'm actually smart do you?) and I assume you tried to figure it out no? Smiley

Here's the (triptychon) answer:


An alternative road is (of course) available too:


[ click on the image for a bigger non-truncated version of the girls ] Grin


PS:
Good night from Greece.
1265  Alternate cryptocurrencies / Altcoin Discussion / Re: List of Alt Coins Backed By A Business on: March 23, 2015, 09:54:49 PM
1. You better get out of bitcoin then Wink Source should be here for all to see: https://github.com/startcoin-project/startcoin

8. Yes, Max Keiser is involved. But there is a slight difference between Maxcoin and Startcoin. Maxcoin was created with Max Keisers blessing and he helped promote it, but it was never his brain child. Startcoin was/is his (and his cooperators) creation from the beginning, and the developers did it on contract.


1. Again valid point. But BTC was the first and will always have the biggest cap IMHO. Others will simply follow, besides there's no other way to enter an altcoin but bitcoin as intermediate. Besides, not knowing Satoshi didn't make him run away with our money... But then, maybe he did; who knows? Let aside the 99% of the altcoin devs out there. What's their incentive? GET MORE BTCs! Think about it. Wink

8. Well. This is something worth seeing. I'm involved on a couple of alts right now, but only with ''play money'' (ie: donations, ad campaigns and small mining). I got nothing to lose, and I bet there's more to win (ie: on XMR I doubled what I've initially invested atm). I got burned with DOGE (bought high, never sold - small loss though) and Maxcoin too (only though mining via the declining price).

 I'll look into Startcoin. Maybe there's something I didn't see yet. But then again, maybe MAXCOIN should teach me what not to do, before I get my filthy hands on it Wink
1266  Alternate cryptocurrencies / Altcoin Discussion / Re: List of Alt Coins Backed By A Business on: March 23, 2015, 09:22:27 PM
Startcoin point by point:

1. Startcoin was developed as a part of the startjoin ecosystem, and thus is not made for short term profit, but rather as a tool for a purpose. Who the developer is/was is not even important.

2. Startjoin is certainly a legit company that you can buy stock in.

3. StartCoin is circulated and used more than most coins, and not hoarded to the same degree since its used to fund projects on startjoin. One example, https://www.startjoin.com/ggbradford2015 - a British politician was founded close to 20K$ mostly with startcoin.

4. There are no forks to my knowledge.

5. This may be the only point where you might think its not ideal. I think its better than ideal. Startcoin is 50% premined. The premine is used to pay interest on coins deposited at startjoin, and also to award pledges you do on startjoin. The karma score decides how many coins you get each week.

6. Startcoin is not very scarce, so it can still be had for a good price. Recirculating of coins through the pledge system means that there will always be coins to buy, and no artificially high price to pay.

7. Im not sure what you mean here, but the current market cap of about 500K $ can not be considered high given that close to 1/20 of the market cap can be involved in one single project.

8. Startcoin certainly has the best publicity potential of any coin besides bitcoin. It's used to fund politicians, it has two well known TV stars from RT leading the publicity campaign (you know who), it even has its own TV-shows https://www.youtube.com/watch?v=cANXmKwMWMc + https://www.youtube.com/watch?v=yczG8ksP0GQ

1. I beg to differ. I like to know who's behind it for it makes me feel more "secure" and he has less possibilities of "run away with my money/btc".
8. Is there a connection with Max Keizer (from Max-Coin?). I heard he got involved on another coin and dumped the previous one.

Valid points on the rest.
1267  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 23, 2015, 09:16:43 PM
Are those real buys, or more leveraged longs? This is getting interesting!

Looks like the real deal to me. The news is significant enough and could lift the price easily. Anyone has an ETA on Fidelity's launch? Adam? Roll Eyes How Soon is "soon"? Wink
1268  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 23, 2015, 09:09:12 PM
At last, some significant volume after all these days! FYI: I voted for >300 and didn't know about the Fidelity news nor WSJ post. May I revise my estimation to "DA MOON?"  Grin
1269  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 23, 2015, 06:43:15 PM
Looks like we're heading down unfortunately... Sad

1000 coins market sell = $5 price drop (Finex). I wouldn't call this terrifying. Market is only sliding... Zero volume. Meh. Undecided
1270  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 23, 2015, 06:21:25 PM
> 270 within the hour.

Good old Adam. Welcome back brother! Smiley

@Jorge:
I like our conversations. You're trying hard to reason the unreasoned, which is twice as hard from my effort to prove the logic of the logical. As for my (our) ancestors (you and many others here could be Hellenes too AFAIK) I'm sure they were smarter than their grandchildren who went bankrupt while they had THE solution right in front their eyes since 2009... They built Democracy, temples that stand tall after 25 centuries in a seismic country, music, physics, math... well Bitcoin would have been the natural way to replace Mna (their Ionian money) if they had computers back then...   Cool

You know that the catalyst would have been a country (ANY country) to implement as a primary coin BTC! It would have been the endgame for everything we know as "money". The circulation would go boom, the velocity of money too and then Gresham's law would take over.

Buy-Buy Bitcoin, Bye-Bye Euro/USD/BRL/etc...
1271  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 23, 2015, 03:49:26 PM
So, bitcoiners may quibble at whether it fits exactly the definition of a ponzi, or whether it is another knind of pyramid scheme, or belongs to a new category of its own -- but the essence of Bitcoin, as an investment, is the same as a standard ponzi: some people will get rich by taking money from new investors, which are lured by the promises of fabulous profits.

The red and blue marks certify two arguments for an "αντίφασις" [Greek word for contradiction] and basic "tool" of logic via the "non-contradictional aspect of argument" on a logical sentence or thesis. Long story short; my dear Jorge, your argument makes no logical sense (according to Ancient Greek term for "Logic").

Smiley
1272  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 23, 2015, 03:25:23 PM
-snip-

Add this one too on my ignore list. Kthxbye. Grin
1273  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 23, 2015, 03:21:37 PM
Too many socks & low activity troll accounts popping up.
Pathetic really.

And members giving them what they want (attention) every time they post.

Not me, not anymore. I even educated myself to ignore a sock puppet account on the fly! My ignore list follows:

Code:
Hfertig
Wandererfromthenorth
mmitech
ShroomsKit
fonzie
luckygenough56
JohnPercent
sporket
FatherBob
Cassandra_PR
Silverspoon
NotLambchop
BlindMayorBitcorn
mrkavasaki
YourMother
Dump3er
William Henry Gates
Son0fLamb
Jammalan the Prophet
Warren Buffert
NotHatinJustTrollin
Wandererfromabroad
bitards
ChildPr0nzUsers
JihadCoinz
fuckoffstolfi
Hellomoon
Errydayrally
MightAsWellIgnore
AnotherAccount?
NewbieJailIsBadMmkay?
trelelel
EVOLUTION_A*D*M*I*N
SilenceOfTheLamb
BullTardLogic
Boooooooooring
btcponzieeg
1274  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 23, 2015, 03:14:45 PM
Sigh, it's frustrating that some people in here don't even know what the term "ponzi" means. Let me unfold it for you then:

Quote
Bitcoin is not a ponzi scheme

Wikipedia defines a ponzi scheme in the following way:

"A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the high returns requires an ever-increasing flow of money from new investors to sustain the scheme."

Now let's see if that fits bitcoin:
-Does bitcoin have central authority? No.
-Does bitcoin pay returns to its investors? No.
-Does bitcoin require an ever increasing flow of money to sustain it? No.

Bitcoin is not a Ponzi scheme. It's a true innovation in computer science and solves a well known problem called the Byzantine Generals problem.

It's a new type of monetary system based on mathematics and rare numbers. That's why it's a game changer. That's why we see 5-10 million investments to bitcoin startups every week. It has nothing to do with a Ponzi scheme.

http://www.ted.com/conversations/23415/bitcoin_is_not_a_ponzi_scheme.html
That doesn't mean its not very similar  Roll Eyes. A pyramid scheme may be a better definition.
Seriously, I don't really believe its either, but when you come back with retort like this...

Look, I'm not in for the short answer, "If you don't get it, get yourself out". I believe the BTC idea is unique, exquisite and brilliant. It's the vehicle towards a better world if you prefer, with the utter goal of a non-monetary society. It's ok that most people don't "get it" - most people I know don't get the basics of the current banking system, does this renders it unusable for them? Of course not!

This is not the place - nor the time to start unfolding social schemes and theoretical models, in order to persuade any of you here, that the old system is dead and buried for quite sometime now, but the short story is, if we get going like this, within 5 years DJ will be in the area of 100,000; QE will be something that you and I will be using EVERY DAY; even to buy our groceries (you can name it a coupon if you like) and less and less people will store big amounts of fiat while others (the many) will continue to starve.

THIS MUST CHANGE. I don't care if it's called Bitcoin; Monero, Doge or whatever. We are in NEED of a better system to do business. Period.
You don't like Pyramidic systems? Me neither. So let's come up with a better idea. I'm in for the better. Are you? I will be your follower. Smiley
1275  Alternate cryptocurrencies / Altcoin Discussion / Re: List of Alt Coins Backed By A Business on: March 23, 2015, 03:03:09 PM
whether any altcoin supported by a business coin prices will go up? How do I know what a coin price will go up?

It depends on a lot of aspects. In no particular order:

1. The coin dev(s) are not in for the short profit
2. The company/ies that back up the altcoin is/are legitimate
3. There's enough circulation (ie: how many people hold it & use it)
4. There are no parallel forks
5. The pre-mining factor (the less, the better)
6. The coin's scarcity
7. The BTC/coin equity
8. The coin's popularity within the mass media.

Not many altcoins have them all. If you find one that does though, please let me know. I want in! Cheesy
1276  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 23, 2015, 02:55:22 PM
Sigh, it's frustrating that some people in here don't even know what the term "ponzi" means. Let me unfold it for you then:

Quote
Bitcoin is not a ponzi scheme

Wikipedia defines a ponzi scheme in the following way:

"A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the high returns requires an ever-increasing flow of money from new investors to sustain the scheme."

Now let's see if that fits bitcoin:
-Does bitcoin have central authority? No.
-Does bitcoin pay returns to its investors? No.
-Does bitcoin require an ever increasing flow of money to sustain it? No.

Bitcoin is not a Ponzi scheme. It's a true innovation in computer science and solves a well known problem called the Byzantine Generals problem.

It's a new type of monetary system based on mathematics and rare numbers. That's why it's a game changer. That's why we see 5-10 million investments to bitcoin startups every week. It has nothing to do with a Ponzi scheme.

http://www.ted.com/conversations/23415/bitcoin_is_not_a_ponzi_scheme.html
1277  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 23, 2015, 10:59:43 AM
Out of curiosity, and somewhat out of interest, I have been watching some TA. Especially on whaleclub.co. And all I see are some fools running amok with confirmation bias and constantly adjusting accordingly no matter what happens. Is there a useful aspect to TA that isn't so vulnerable to confirmation bias?

Personally, I don't think there is. But then again, I don't believe there's a legitimate TA either. It's like a self-fulfilling prophecy that (if you get it right) you simply say "I told you so". In Physics, it's a low entropy, chaotic model. Practically no chance to get a 100% CERTAIN result. All these is mumbo-jumbo stuff, but frankly I like to stare... Tongue

Edit:
Just in case you want to dive into, I indulge you to read this paper:
http://www.asa.cs.uni-frankfurt.de/software/MI2/papers/Grassberger83.pdf


But wouldn't the immaturity of the bitcoin market, which leads it to be forcefully led by whales in different directions, also regularly lead the price outside the model in the paper, or are such variances possible to calculate as well to give an accurate scope?

IMHO it's not about the immaturity. It also applies to other markets such as stocks, oil, silver etc. Since there's always the chance somebody who owns a significant part of the market (or an enormous amount of cash) to just make a ripple big enough to vanish every TA out there, there's not a definitive accurate prediction possible. Not now, nor ever. Same rules apply for other assets as well.
1278  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 23, 2015, 10:27:05 AM
Out of curiosity, and somewhat out of interest, I have been watching some TA. Especially on whaleclub.co. And all I see are some fools running amok with confirmation bias and constantly adjusting accordingly no matter what happens. Is there a useful aspect to TA that isn't so vulnerable to confirmation bias?

Personally, I don't think there is. But then again, I don't believe there's a legitimate TA either. It's like a self-fulfilling prophecy that (if you get it right) you simply say "I told you so". In Physics, it's a low entropy, chaotic model. Practically no chance to get a 100% CERTAIN result. All these is mumbo-jumbo stuff, but frankly I like to stare... Tongue

Edit:
Just in case you want to dive into, I indulge you to read this paper:
http://www.asa.cs.uni-frankfurt.de/software/MI2/papers/Grassberger83.pdf
1279  Alternate cryptocurrencies / Mining (Altcoins) / Re: miner for CryptoNight on: March 23, 2015, 09:13:58 AM
I have 3 miners. 2 of them are on CPU (i5s) (no suitable video cards) and 1 is a GTS450. On the GTS450 I'm using both CPU and GPU miner (i7).
1280  Alternate cryptocurrencies / Altcoin Discussion / Re: List of Alt Coins Backed By A Business on: March 23, 2015, 08:32:18 AM

I concur and confirm the legitimacy of the coin. Greg's a nice and helpful guy and I've recently purchased from their affiliate shop: www.worldofelectronics.ie a 3TB Seagate hard drive for 125M GCN. It's easy to get some via their android games or web app on the links provided on their site. Give it a try. It's the best there is for crypto->outside world.
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