That's why it's important to have credible proposals that meet-in-the-middle with acceptable compromises for everyone.
This is a trend toward mediocrity, diluting what's good about the system. It's as bad as gold derivatives. So long as none of this enters the protocol itself, it may be very difficult to gain widespread usage of such blacklists - or hard to act upon. May it remain disused and ignored for as long as possible. |
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Had I not won the debate, perhaps more of us would have invested in bitcoins back then, and we would be a formidable force in shaping the new economic landscape, instead of a sorry collection of old farts that tries to buy its share now...
Don't feel too bad - considering the difficulties had trying to convince the anti-goldbug pseudo-goldbugs of Bitcoin's merits, those in this thread still have some time left to acquire quite a nice amount. And what happened to silverbox? The last post was last year. Hopefully the holdings haven't been sold, as they're very close to becoming rather valuable. |
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Sinclair has very nicely explained how money that has already been created cannot be destroyed or recycled in the current environment. Physical gold will not collapse; it's simply rising at a slower rate than Bitcoin. As for the Bit, FinCEN's guidelines have opened the door for absolute mayhem. Big banks with existing licenses can now capitalize on Bitcoin while boxing out US-based upstart competition. The Bitcoin economy in general will adapt to deny regulatory impact. Demand to acquire before full regulation may push bitcoins into Giffen good status, propelling valuation to extreme levels that will not come back down. Finally, cryptocurrencies in general have now been granted official approval. An entire ecosystem explosion is now imminent. |
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Avalon is larger and uses significantly more power than a BFL Single SC.
Concur. Longevity will be determined by power consumption as margins dwindle. |
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I played around and got some quite beautiful tile plots and contour plots, but they didn't really help show bet size of volume trends. Then I realised that all I had to do was use the proportional violin plots and use colour as a guide to the volume. I hope this works for you. Please don't tell me you're colour blind - I didn't use the colour blind palette.
If the 2-3 month cycles are valid and hold, May-June ought to be the start of a very active period. |
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They didnt shut off betting, just payouts afaik.
I think my graph only shows payouts though. It ignores bets until they have been paid out. It seems to be as expected since the analysis is done by block - a chart of betting would've levelled off for ~6 hours or so, but payouts would follow the consistent climb. Transactions still had to be processed into the blockchain block by block. |
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lol...
Litecoin has now caught up to bitcoin's run-up. Remember when btc tripled, but ltc hadn't budged? It just made the whole move in a week.
I don't know how I feel about litcoin... By design it's max value is 0.25btc. But I'd discount that AT LEAST 10-fold since there can't really be two valuable crypto-currencies unless they have very different properties, which ltc and btc obviously don't. So that's 0.025btc/ltc. It's at 0.0093btc now. And 10x may be generous. 50x might be more accurate.
The nice thing about Litecoin gaining some traction is that it's like a lifeboat. It functions almost exactly the same as Bitcoin, only on a smaller scale, so there's no need to take the arguably greater risk of converting to fiat for arbitrage. Oddly enough, Litecoin should gain some credibility when GPU miners shift over to it precisely because it's so similar. In doing so, it should also act as a stabilizing asset pool to Bitcoin volatility. Bitcoin's silver, indeed. Edit: And if Ripple does what it proposes, the major Bitcoin exchanges may have much smaller roles to play; they'll be more of a gateway between fiat and cryptocurrencies, with the latter being easily traded around the Ripple network without ever needing to leave. |
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actually, the real question should be; where's all the gold and silver bugs?
I don't know about the bugs, but the realists never left  What is the best place to buy gold? I checked out Coinabul but the prices seem a little steep. Also, I would prefer a seller in EU.
I figured this is the place to ask, and it could be helpful for newbies who are following this thread.
Hong Kong & Singapore with cash in hand. Barring that, I'd work with Gold Bullion International to avoid pitfalls in what is becoming a treacherous market. Especially of interest is the physical dividend program. As for prices now, it's only thanks to monumental dealer efforts that the premiums haven't blown out yet. |
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Of course, I understand that this was a long shot but it couldn't hurt to ask. You never know.
If Bitcoin cannot survive a benign use such as SD, it will not endure a malicious attack. Lobbying for a change based on perception instead of technical function is the road to ruin. |
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Redirecting DDoS traffic to a government site is poetry.
They hit it too, for maybe half a minute. It was just about to turn into a lot more than poetry, but someone somehow had the idea of checking (probably looking to see if it domain answers - and it did). To quote, Mar 07 00:35:37 <Bugpowder> is that going to redirect the ddos to wh? Mar 07 00:35:41 <Bugpowder> no right? Mar 07 00:35:52 <mircea_popescu> i imagine yes. Mar 07 00:36:01 <jurov> mpex.co -> http://www.whitehouse.gov LMAO Mar 07 00:36:22 <mircea_popescu> i figure i got a 1% shot of making us national news. Mar 07 00:36:26 <Bugpowder> heh Mar 07 00:36:36 <Bugpowder> its a very clever idea Mar 07 00:36:43 <mod6> lol, that actually worked. Mar 07 00:37:03 <mod6> WE GET SIGNAL Please tell me this full-of-win practice is going to be standard operating procedure from now on. |
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Bitcoin giveth, and Bitcoin taketh away.
Gold is seeming pretty safe about now. I don't see the block size as being a catastrophic limit, but it certainly helped add to the wild ride today.
The only way to go from here is more improvement.
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Take this as a sort of security drill: MPEx is untouchable.
uh huh... whatever you say, kid. Redirecting DDoS traffic to a government site is poetry. |
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My suspicion is that MPEX is down so people don't pull money to cash out on the price hike.
My suspicion is that ianbakewell may be part of the DDoS. And MPEx is now redirecting to whitehouse.gov |
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It sometimes feels this way  Yup, going 100km/h can make 10km/h seem like going backward even though both are making progress. Perspective is a bitch, especially when illusions are involved... |
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Gold collapsing, Bitcoin UP ^ in case you guys didn't notice  Gold still hasn't collapsed. Just because one asset outperforms another doesn't mean the sky is falling. Would you say a parent is collapsing just because his child is growing up? Gold certainly hasn't broken out of historical range trends against oil or food, and its function as a method of savings is not failing. That dubious honor remains the realm of fiat. |
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Just wait for tomorrow morning  The price discovery is going to get really fun. so what's happening in the morning? Does it matter as long add you've got a BTC stash? Not much but air up here, though it'd still be nice to see the really take a breather. |
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i just got done explaining to a client why i don't think we're going to see this.
I felt bad for the client, but I'm sure you pointed him toward Bitcoin, so I'm happy for the client |
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miscreanity, you said it was time!?  Yup good luck. made a few bucks myself on TBT several months ago. this really is the canary in the coal mine.
Too bad it didn't seem like it was going to stick; I'd have ridden it all the way down to the basement. We still might get that opportunity soon... |
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