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481  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 10, 2015, 08:51:04 AM
Bitcoin is part of the grand plan for Global Technocracy and total top-down digital control.

How do you reckon this can't be prevented just by switching up the protocol or switching to an altcoin? They can spend trillions taking over all the infrastructure if they want, but a little change to a different mining algorithm for example undoes all those ASICs, for starters. I'm not seeing it.

That's kinda how I've always seen it as well. The genie is out of the bottle. You can just take the current state of the Blockchain (or whatever state it was in before the "takeover") and port to a new chain based on some other algorithm.

Bitcoin is simply the template for a free, honest system of settling transactions. It can't solve the political problems, but at least it offers an alternative system. A fighting chance.
482  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 10, 2015, 08:38:28 AM
China looks to be leading this little pump. Wonder what triggered it.

It was the kiss gif, obviously.

Duh!


Silly me. Of course. Post more!

ACK! To late! I fear there will be brokeback gif incoming and red dildos to follow!  Angry

(Note to self: must refrain from posting while drunk)
483  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 10, 2015, 08:29:46 AM
China looks to be leading this little pump. Wonder what triggered it.

It was the kiss gif, obviously.

Duh!
484  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 10, 2015, 08:17:28 AM
Uh oh, that kiss gif has resulted in a small green boner forming on the charts...

I wonder what might cause that green erection to grow  Embarrassed


 Grin
485  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 10, 2015, 07:28:29 AM
Wow, this thread just went full retard (Simple Jack).

I apologize for going off-topic. Maybe something to bring us back to the block size topic?

How much more off-topic can it be to have a blocksize discussion OP in a thread with a title "Gold collapsing.  Bitcoin UP." and in the Speculation thread.  Huh Roll Eyes

And yet the monkey who wrote the OP is offended.  Cool

Yeah, well, I'm not big on drama, but I kinda wish I woulda said "pics or it didn't happen" cuz that was a hell of a lot of pics.  Grin

Good luck, I hope you get better, or at least get worse really really slowly.

Oh, and publish your bitcoin fix before you go.  Tongue   Wink
486  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 10, 2015, 05:12:07 AM
Wow, this thread just went full retard (Simple Jack).

I apologize for going off-topic. Maybe something to bring us back to the block size topic?


*btw, I'm still curious what your full node consumes in bandwidth?



Thanks very much. Do you think 20 MB blocks means 20X bandwidth?

note: In Canada we don't have unlimited plans. (At least none that I'm aware of) so already we are hitting the limits of running a full node with only the 1MB block.

For example: if we look at those 3 consecutive days of March 4,5,6 at 20 gig per day that gives 600 gigs per month. A 750 gig per month plan runs $120 per month. And that's the max plan for residential.



If it costs almost 1500 per year to run a node, we need to have some way to subsidize this cost, if we actually want to keep this thing massively decentralized.
487  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 10, 2015, 04:21:14 AM
He's just jealous

There are much more enjoyable vocations I would rather be doing than this shit, like hanging out at the beach at my advanced age with a beautiful lady or raising a family (I am 50 but said I look 30s face and body despite the Multiple Sclerosis). Instead I slog away because I don't want to live in a totalitarian world with no options coming Orwellian global economics collapse starting in earnest 2017 or 18 (with initial effects in at least Europe starting October, 2015).

I'm sorry to hear about the MS. A colleague of mine had a spouse with MS and I saw the effects in her last few years. I'm having trouble making logic of the comment you make in the thread you just linked, however.

Fighting is barbaric. Professional fighting is a ruse. If I am entering a fight it is to the death and I will shoot first and the end.

If you want your fighting to be less controlled there is always MMA.

One of the best technical fights I have seen.
https://www.youtube.com/watch?v=c44HiW-VEtw

The consistent champions of MMA are grapplers. Boxing has almost no application in real world fighting and rather is a sport that happens to be apparently well tailored to my natural strengths.

I have no skills for wrestling and I am claustrophobic. My only hope in MMA would be to use my very strong legs to kick to prevent it from going to the ground, but unlikely I would succeed. In the real world, I would run away if feasible, because I am fast (4.5seconds on 40 yard dash but not that fast now, but still probably below 5seconds). If not feasible, there are more effective ways to kill someone with your hands, such as a blow to the sternum to incapacite them, then ramming their nose up into their brain.

There is a rumor or tale that some native Americans could purportedly reach under your rib cage and extract your heart with their hands and show it to you before you died.

I'm having trouble with those 2 bolded statements in particular. I'm trying to imagine being 50 years old, having MS, and running a sub-5 second 40 yards... and I just can't.

488  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 09, 2015, 10:33:43 PM
Are we going up now?  Wink

Drifting higher on low volume always makes me nervous...
489  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 09, 2015, 08:10:35 PM
aye fools ~ imo this is why BTC is running ====> https://www.bittrex.com/Market/Index?MarketName=BTC-EKN
Wink
~ trust me !!! 1337 ~ Lol

The volume so far is impressive, but what is the nominal asset value (NAV)? Each BTC-EKN share = 0.0001 BTC? So it is trading at 60% under the NAV, is that it?

Quoted: this is how low he went once^

lol. Just like crave or that dude yesterday pushing sling...

Who needs a whitepaper when you've got fancy infographics?

Reminds me of that movie where they were watering the crops with Gatorade...
490  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 08, 2015, 04:41:47 PM
Is it possible to tell who has been pulling these two rallies?

Could it be people buying bitcoins somewhere else to move them to ITBit?

Or a reaction to the GBTC recovery?  (BTW, what happened to that 50'000 share bid?)

Is it possible that a computer science professor that purports to have only an academic interest in a disruptive new technology would spend most of his time obsessing over market moves?

Could it be that he might be better served learning about how this fascinating new technology actually works?

Or is he just trolling for attention? (BTW, why the fuck do you give a shit about price if you've got no skin in the game?)
491  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 08, 2015, 04:17:36 PM
Huobi broken?

Or just Wisdom?

(nm, the chart is starting to fill in, it's almost like having instant replay)
492  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 08, 2015, 04:03:33 PM

where is tarmifart and the other fuckers?

Leaving any potential monetary incentive aside, I relish these moments for the brief respite from the incessant droning of the trolls.

Enjoy it while it lasts everyone. Cheers!

 Smiley
493  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 07, 2015, 05:03:55 PM

This one is better:

http://bitcoinism.liberty.me/2015/01/21/economic-fallacies-and-the-block-size-limit-part-1-scarcity/
494  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 06, 2015, 11:44:41 PM

So you are telling me that since bitcoin went from a few millions marketcap to a few billions marketcap, it means hundread of billions of even trillions is next?

Any penny stock pump and dump looks like that. Some bubble up again, some don't.



Saying that "bitcoin history will repeat itself" is BIAS. Bias gets people killed.


Not saying it won't happen, just saying that blindly buying and hoping is not a good strategy. Exactly as when it was at $2 or $10, the best strategy was to form an opinion on the market and buy/sell accordingly.

I'm not Saying that "bitcoin history will repeat itself" ..  history doesn't always repeat, but it does seem to rhyme.

I'm just saying that there is a chance (a good chance, in my opinion) that it could be several months before we see a significant move upwards, if ever...

when we were at 2 dollars I was not sure the price would ever recover, I sold plenty coins at the 5 to 10 dollar range to protect myself against the chance that it might never go up again.

I also held on to a "small" amount of coins, "just in case"...

If you are going to hedge, you should hedge against both outcomes.

That's all I'm trying to say
495  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 06, 2015, 11:21:59 PM
Just to clarify for anyone who is still unsure of where we are in the grand cycle...



Enjoy the next 6-10 months of sideways everyone  Cool
496  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 06, 2015, 11:04:21 PM



This has all happened before...

And it will happen again...
497  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 06, 2015, 10:36:30 PM
Problems with Bitfinex with the margin trading platform.  Some guy in Whale Club said he was automatically made to go short, then got margin called.  His account now reads -$17,000 so apparently he owes money.

Anything related to FIX you think?
https://ihb.io/2015-03-12/news/fix-protocol-and-bitcoin-16493

Or finex and alpha-point glitch?
http://www.businesswire.com/news/home/20141103005813/en/World’s-Largest-USD-Digital-Currency-Exchange-Bitfinex#.VUqWXhkamBY

Huh
498  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 06, 2015, 10:19:41 PM
Looks like almost 30k bitcoin was moved in the last hour with less than 5 dollars slippage.

That's some decent liquidity.
499  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 06, 2015, 09:52:51 PM
WTF are trying to do Finex?

Looks like someone turned up the volume...
500  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 04, 2015, 05:01:34 PM
Someone bought 159 shares at $42

Wait a minute,

Are you telling me that if I held this financial instrument for at least one year, I would be able to sell the derivative for almost twice the price of the underlying asset?

This makes no sense

If you were an accredited investor and happen to have been one of the 600-700 shares worth that were traded thus far, yes. Granted, if you bought a year ago, you would still be under in terms of your entry, but you could sell your shares and purchase again at nav if you were content on holding another year. Else, cash out and send the money to one of the exchanges to buy BTC directly.

So.... effectively almost $200 premium for a derivative version of bitcoin?

Interesting
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