Shift 16: Bitcoin and the Blockchain
The tipping point: 10% of global gross domestic product (GDP) stored on blockchain technology
Expected date: 2027
By 2025: 58% of respondents expected this tipping point to have occurred
Bitcoin and digital currencies are based on the idea of a distributed trust mechanism called the “blockchain”, a way of
keeping track of trusted transactions in a distributed fashion. Currently, the total worth of bitcoin in the blockchain is around
$20 billion, or about 0.025% of global GDP of around $80 trillion.
Positive impacts
–Increased financial inclusion in emerging markets, as financial services on the blockchain gain critical mass
–Disintermediation of financial institutions, as new services and value exchanges are created directly on the blockchain
–An explosion in tradable assets, as all kinds of value exchange can be hosted on the blockchain
–Better property records in emerging markets, and the ability to make everything a tradable asset
–Contacts and legal services increasingly tied to code linked to the blockchain, to be used as unbreakable escrow or
programmatically designed smart contracts
–Increased transparency, as the blockchain is essentially a global ledger storing all transactions
The shift in action
Smartcontracts.com provides programmable contracts that do payouts between two parties once certain criteria have
been met, without involving a middleman. These contracts are secured in the blockchain as “self-executing contractual
states”, which eliminate the risk of relying on others to follow through on their commitments.I believe this is the first time Armstrong is involved into a prediction that contains Bitcoin. If he got this right, we're talking about major shift in global economy.
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In Europe, it's not just Greece anymore. Bad rumblings are coming out of all of Europe, especially and including Mighty Germany, the linchpin of Europe. Americans have seen how Volkswagen has gotten hit because of the pollution emissions scandal, and VW's shares have been hard hit over the past couple of days. Other analysts have been noting that Deutsche Bank has big problems (especially a big derivatives problem). Armstrong just today writes that Deutsche Bank, and Germany itself, are at risk. Then comes Europe... [...] http://www.marketwatch.com/investing/index/DAX?countrycode=DXThe DAX is down some 25% over the past few months..... From my point of view, it was never Greece. It was never something they "couldn't handle" in a split of a second if they decided to. Think about it. The GDP of Greece vs the EU GDP is what? 0.3%? What are we talking about here? I was talking about Greece playing the "decoy" victim for others to go slowly into the transition of a narrower EU economy. Austerity in order EU lasts longer. Until now. What I find particularly annoying, is the DEVILISH fact that this damn Germany crisis happened just in time with the end of September. Just in time for 2015.75! It wasn't visible until now! Could this fire up the economic crash? Definitely a yes. Could anyone have predicted it a week ago? I'd say with confidence a bold NO. And here it is. Armstrong has great potential to get the prediction of the century right. Well. Bummer.   |
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...But I can understand the pleasure in provoking such a pitifully stupid human being, one whom sings praise towards karl marx..
It's like throwing stones at a wasp nest.
Throwing insults instead of engaging with the arguments is a sign either of cowardice, ideological bankruptcy or intellectual limitations. It could be all three. try not to take it personally CoB. This is a largely an-cap/libertarian forum and thread. While I'm sure we disagree on much I look forward to further discussion. If we'd all agree to each other then there wouldn't be a place for conversation. The most qualitative ones that I had was with people who thought differently than I did. It's acceptable and -frankly- I seek to it! On the provocative attitude, you must try to understand that this is the internet. On this specific forum you will have to accept that some of the most intelligent persons around the globe are probably regulars, but not all of them are patient with each other. I rarely am pissed at somebody's comments on the net. Doesn't worth it and the best attitude is to embrace them with the confidence, that it's not your fault, but usually theirs. |
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It seems that VW is not the only one to worry about EPA's fines. Right behind, follows the almighty BMW: X3 records more than eleven times higher nitric oxide levelsHot on the heels of Volkswagen’s huge diesel scandal, BMW could also get into trouble as it seems they were also cheating on emissions tests.
AutoBild reports the X3 xDrive 20d has failed during a street test performed by the International Council on Clean Transportation, showing more than eleven times higher emissions of nitric oxide than permitted by the European Union.
The information is still not confirmed by the Bavarian manufacturer, but the shares of the company have already fallen with more than 8% since Thursday morning.
Full details about the research are expected tomorrow with the next issue of the AutoBild magazine.http://www.worldcarfans.com/115092499384/bmw-caught-cheating-with-nitric-oxide-levels-shares |
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I believe this is natural, not only because believers are getting fewer and fewer, but because of: 1.BTC/USD price is declining 2.MAX/BTC price had only one surge (a couple of months ago) while surges up to 3x or even 4x the current price were common 3.Lack of development and communication. I've posted this a fair amount of times in this thread. People NEED to lean on a coin that's not forgotten by its own developer(s)! The OSX client is still broken, a wallet for android is MIA, it's easy to lose faith...  |
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What I fail to grasp is why so much drama if EVERYTHING falls? Short the hell out of everything and the speed you will make dollars will compensate for the value it may lose in real life terms...
Pffff, these old school traders (MA, Thomas Dorsey) who hate to be on the short side of the market.
Also, there is a thing called hedging....
EDIT: The trader's nightmare is a stable market, not a turbulent one.
As always, fair points. In case everything falls apart, I don't think that having BTC or USD/EUR in your bank account will matter anymore. BTC will definitely need the internet to exist even if that consists of my two USB miners and two laptops on the intranet of my neighborhood in order to make a transaction. In case of emergency, I guess some cash will come handy but only for a few days up to a month. After that knowledge of planting / hunting will become crucial for your existence. A remote place is also a nice place to be. Ο καλός ο καπετάνιος στη φουρτούνα φαίνεται.
Well, in this case, I prefer to be LOADED!  |
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What the lines represent, is actually the curve fitting of a specific series of (at first glance random) numbers over a diagram that represents the price of an asset (in this case BTC). Imagine it like you have a car that follows a specific route while driving in a desert where there's no road at all. The function is a y=f(x) where there are several ways to determine if the car is accelerating or decelerating (usually taking the 1st derivative). Unfortunately, the case is not as simple as it seems, for most of the assets and/or stocks. Chances are you're reverse engineered the curve right (or a sophisticated program like Matlab did it for you) nevertheless, it seems that most of the time the predictions about the price going north or south is respective to outside of this world factors. The most intriguing story I've ever read for the last couple of months (maybe more) was the one of Martin Armstrong who has been successful in predicting several crashes in the past couple of decades while claiming he has found the way to calculate the "circles" history makes. This may sound bogus to people like me and I've even tried to defy it presenting scientific facts based on Deterministic Chaos theory of Edward Lorenz, but despite my efforts, and contrary to science, his model seems to be working.  If this is happening, and this guy is for real; I really want to meet him for he managed to solve the greatest mystery of the Universe and he deserves a Nobel Prize. This simply works for -literally- EVERYTHING! For what its worth; I'm still watching his space for 2015.75; eventhough he tries to rephrase / clarify his prediction. Tick Tock...  I also read it. IMO it works as long as most/many others can not see the pattern he describes. Once people start to see/become "enlightened", his model will fall apart. I guess he even knows this. There is enough room left for an exciting up- and downswing in the next quarter. So little doom after a mild rally and consecutive retest of the defense line or huge doom as soon as the defense line is breached. So totally in line with MA. EXACTLY! I'm happy that -at least- another one gets it. It's like tampering with the initial conditions of a chaotic model. After one (or many) start playing with the "pendulum" then the pendulum will follow another (unpredictable) trajectory. Like I said, I may be wrong, but I think it's worth waiting to see what's gonna happen  |
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What the lines represent, is actually the curve fitting of a specific series of (at first glance random) numbers over a diagram that represents the price of an asset (in this case BTC). Imagine it like you have a car that follows a specific route while driving in a desert where there's no road at all. The function is a y=f(x) where there are several ways to determine if the car is accelerating or decelerating (usually taking the 1st & 2nd derivatives). Unfortunately, the case is not as simple as it seems, for most of the assets and/or stocks. Chances are you're reverse engineered the curve right (or a sophisticated program like Matlab did it for you) nevertheless, it seems that most of the time the predictions about the price going north or south is respective to outside of this world factors. The most intriguing story I've ever read for the last couple of months (maybe more) was the one of Martin Armstrong who has been successful in predicting several crashes in the past couple of decades while claiming he has found the way to calculate the "circles" history makes. This may sound bogus to people like me and I've even tried to defy it presenting scientific facts based on Deterministic Chaos theory of Edward Lorenz, but despite my efforts, and contrary to science, his model seems to be working. If this is happening, and this guy is for real; I really want to meet him for he managed to solve the greatest mystery of the Universe and he deserves a Nobel Prize. This simply works for -literally- EVERYTHING! For what its worth; I'm still watching his space for 2015.75; even though, just today, he tries to rephrase / clarify his prediction. Tick Tock... |
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...
MF Doom wrote:
"How on earth will they assimilate into European/Western cultures?"
And he got that right. The young Muslim males will NOT assimilate into European culture. Why should they? The earlier immigrants did not, and their percentage of the population is growing.
And when our (America's) turn arrives, the young Muslim males will not assimilate here either. Would bringing in their women and children help that? No, current evidence is that it would not. See Muslim women who dress in their hijabs.
I've wrote before, that there's only one way in order to achieve normality. It's called "obey the same law system". The main flaw with the current cultural dogma is that they don't promote the basics of what our society has achieved to those people. Only schools can do that. The stationarity is also not acceptable. For the sake of paradigm, I will try to pass an image from Rhodes island a couple of weeks ago: Two British female tourists were walking hand by hand while going to the beach, wearing super bikinis. On the other side of the road two women with burghas dressed ALL in black within the heat of August saw the scene... You should see their faces! Both cultures will have to get along with each other. Non-passant Muslim territories must be eliminated (there are quite many ways if the authorities decide to do it). In a free country, everyone must be free to move around, to eat anywhere they want and go everywhere they want, wearing whatever they want; even those who, for their whole life learned to live like slaves for the sake of their beliefs, or because they forced them to it with this excuse. This way, or the highway. |
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Why have you decided to switch to Ubuntu (just asking; I'm supportive of such as change)? Looks like September is really quiet in comparison to August where there were a lot of members.
I'm a tech savvy and like to have a glance at everything technology has to offer. This time though, is different. I've got a Ram upgrade for my Macbook Pro (Mid-2010). It had 8Gb and I went for the 16Gb upgrade. When I installed it the computer booted up normally, even saw the 16gb ram installed on OSX hardware tab. After a couple of minutes it popped! When rebooted I saw the warning screen. A long story short, the 16gb of ram for my model is usable in full only by Ubuntu and/or Windows 10. I left the second option out without a second thought. Windows belong to the past for me and only have to work with a windows pc at work because there's no other option. So, Ubuntu it is. This thing is ultra stable, utilizes both screens via thunderbolt (have the laptop monitor plus a 32" LG one for my presentations & calcs) and I think we have a winner. Bye bye OSX. |
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I've been away for a couple of days, because of my transition from OSX to Ubuntu. So, expect a bit of absence until I figure things out. It was something I really wanted to do and I had some time left so there it is... Two more additions for today. Thanks for the heads up newIndia. Please update your lists: Latest additions to The List as of 2015-09-22:C42Wqz
Mg4tc7
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I am concerned that there is an allegation that Australian banks are deliberately choking small businesses, while setting themselves up to offer the same services, banksters! F'ing banksters... What's new? Everyone knows that they want a (huge) slice of the pie ASAP. Economic devastation already started worldwide, China, Brazil and now France?? They must prepare the ground for the transition. I don't expect them to let small fish get their lunch. That was the right thing to do (for them...)  |
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Good guys should give away their automatic weapons and leave only the government to have them? ....kay Revolutionary war heroes - you did not die for nothing, but there is nothing left of what you died for. It's interesting how obviously TPTB fight the gun possession in the US right now. I don't claim that it's good or bad, I just have to wonder if anything behind campaigns like this is "noble" or it's based on a specific directive of abolishing the 2nd amendment. Maybe they want no one to be able to stand against an enforced "new order" which is promoted for a while now... who knows? |
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If I say I expected no less from someone like him would it be harsh? Those rituals are -in essence- nothing but devotion and humiliation acts so that TPTB know that when they ask somebody to do something, he will deliver. Forget religion stuff, it's all about following a protocol here. The true question lies in this: Why on earth those people keep monitor us? It's insane! In the movie Citizen 4 they say that 1.2bn people are *constantly* been monitored via any means possible. Except there's a secret agenda that we're not aware of. For your consideration: https://www.youtube.com/watch?v=KnQHgpja7OU |
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But of course! We need to be safe from terrorists and perverts! Monitor all them down! Install keyloggers into the EFIs! Send telemetry data! Steal every password out there!... There's nothing ANYONE can do anymore. Our only hope is that the economic establishment kicks the bucket sooner than later. Ah, and something else. No matter how hard you will try to monitor a person and know their incentives and plans; there's nothing you can do if this specific individual decides that his life matters no more for him. You can't fight such a person; let alone a whole army... |
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As proposed by LaudaM, I've added the following user into the List. Please update Latest additions to The List as of 2015-09-20:ow28D3
PS: Thanks for the heads up! |
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Well the Greeks are known for being extremely hard-headed [...]
This is nothing but an urban myth. I refute your theory presenting facts:  PS: On the above picture it's me at the age of 20. |
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By your logic, there is no science because nothing can be determined. Planck's constant, the speed-of-light, the Heisenberg principle, and the Shannon-Nyquist sampling theorem all tells us that objective reality would only exist at infinite samples, but I have explained ad nauseum that if the speed-of-light was infinite (and thus Planck's constant infinitesimal) then the past would collapse into the present and nothing could possibly exist because there would be no relative perspective. You must have Ying to have Yang.
I am not going to go further into this with you now. Our universe is relativistic. This means reality is in the eye of beholder. Relativistic determinism exists at differing perspectives.
Again by your oversimplification, the sun wouldn't certainly rise tomorrow and no science could ever be tested and trusted.
Note from the perspective our humans, we all share the perspective of the reliability of the sun, but from the perspective of the Milky Way galaxy, I am confident the sun is quite a chaotic blip.
There's a whole bibliography of Physics behind this conversation and I can accept that you have a lot under your arms now to address certain scientific theories that will make you understand my point of view (clearly it's a bit confusing, even for someone like you). Other than that, I pretty enjoy such conversations with people who can understand what they're talking about. So pause it is. |
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No it doesn't make sense to me, once you've entirely understood how I rebutted mascga upthread (with links off to prior discussion in his thread on chaos). I will not repeat myself again. One day I may have the free time to make it more formal.
A quick example of why you two think nonsense, is because I want you to tell everyone the probability the sun doesn't rise tomorrow.
Truly makes me wonder why a person of such enormous intelligence like you, has such a determined view for something that is PROVEN to be undeterminable in quantum scale? I believe you're somewhat into a Stockholm syndromic loop that enforces your mental conceptions towards what M.Armstrong predictions, without taking even for one moment the chance to test them thoroughly prior accepting them. I will say it again; a chaotic system includes nondeterminism. You cannot determine what's undeterminable no matter how hard you try. To put in on another scale, it's dualism represents a QM state of an electron that at the same time can be conceived as a wave, but also as matter. It's like trying to determine what it truly is! It's both, and nothing of them at the same time! Have you considered that we QM represent a dualism in our views that are both right and wrong? Not everything is 1 and 0s. |
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I think Armstrong is wrong in all of his formulas.
I don’t know how to get you to understand that tomorrow impedes the today from ever happing with thought having to first remember the future past thing you were thinking about when talking about the thing to were supposed to say when you never said it. This has the disparency of never acting the way we said we were going to do we did, except we’ve already done it and now we are re-enacting in a way that should never have been.
Does that make sense?
Ah! The voice of reason! Congratulations sir, you're spot on! Either you understand the above quote or you blindly fall for Armstrong predictions. Let me clarify ONCE MORE that I don't berate the guy, nor I say that EVERYTHING he predicts is bogus. His model may be very well designed but IMHO falls into the initial conditions of deterministic chaos tampering error, which is broadly discussed here. There's a GREAT possibility that (IF I'm right) somebody has been following his prediction model so that he alters accordingly the initial conditions of the deterministic chaos that M. Armstrong predicted. I don't expect anyone to follow my thinking regarding this, and CERTAINLY, don't claim the infallible. But, please keep in mind that (IF I'm right) we're talking about a dynamic deterministic chaos system here. And we want to predict what will happen! Yeah, good luck with that if you have somebody tampering with it all the time because he reads what you calculated... |
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