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1061  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: December 22, 2015, 08:34:12 AM
@brg444

https://bitcoin.org/en/bitcoin-core/capacity-increases

I think that this topic is officially over.

Now may be a good time to close this thread, but what a fun ride it has been!

This could spawn further epic officially #rekt threads, Peter_R officially rekt and cypherdoc officially #rekt ... #rektage piling up all around.
1062  Bitcoin / Development & Technical Discussion / Re: Segregated witness - The solution to Scalability (short term)? on: December 22, 2015, 08:28:08 AM
I'm still evaluating the security consequence of the new architecture on full nodes ...

I'm still evaluating what type of user will want to run a medium-weight client - which seems to have none of the security of a full node, while still requiring about half the storage and bandwidth thereof. Is there really space in the market in between a full node and an SPV client? Maybe if the demands were 10%. But at half, I kinda doubt it. Who is that user?

With SW the fraud proofs required to bring SPV security up to 'almost as good as' fullnodes will finally be available. Look for 'Alerts' in the Nakamoto white paper.
1063  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 22, 2015, 03:19:36 AM
http://www.space.com/31420-spacex-rocket-landing-success.html

Elon just got himself an immediate $16 million pay day (reusable first stage) and long term big prospects for much cheaper space transport.
1064  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: December 22, 2015, 02:59:13 AM
I would put money on the fact that Peter R is probably being paid by someone who wants to kill Bitcoin's decentralization.

He seems very aggressive in his efforts to disrupt, smear and gather personal information on important contributors. Who knows what his true motivations are.
1065  Bitcoin / Press / Re: [2015-12-21] IBM Led Open Ledger Project May Change the Financial World for Good on: December 22, 2015, 12:55:17 AM
If it is open source project where can I find the posted code, github?

Or discussions surrounding design architecture, documentation, etc?
1066  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 22, 2015, 12:48:26 AM
http://www.coindesk.com/big-banks-blockchains-wrong-2015/

this a good cynical look at all the hype around the year that was in the BankChain space ... have always maintained they need their own sub in Altcoin section.
1067  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 22, 2015, 12:26:30 AM
You smallblock cripplecoiners don't get it. I can't lose. If the price goes down, it's a market rejection of your vision. If it goes up, I can sell. I don't have to buy another single bitcoin now. 

Whenever something sells on Bitquick, I can rebuy with my trading account cash on BFX. When that runs out, I'll start selling from cold storage. I can sell for a looooong time before I run out. I got your asses. 


Why not just hurry the fuck up and stop making excuses to troll us with your bullshit broken record. 

Sell your BTC and get the fuck out of here.  What good are you doing anyone whining and complaining with your feigned bitterness and ongoing assertions of self-righteousness.

It's getting a bit old.... but I suppose that is the point of the more subtle trolls to annoy about quasi-irrelevant topics.

I earned the right to be here, Pal. Not everyone who tells you things you don't want to hear is your enemy.

I'm not sure that the big-blocks-yesterday camp has any bullets left except to hang around as a vindictive, toxic remnant to a settled debate. In fact, if they are not going to go forward with the technical consensus then they probably should be seen as external actors actively looking to destablise and hinder bitcoin's progress.

When the herd is heading towards you either get out of the way or start running in their direction.

Get on board or get out of the way.
1068  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 22, 2015, 12:04:48 AM
Quote
So far in this discussion there's already a lot of housekeeping data required.  It will be much easier if you can freely use all the space you need without worrying about paying fees for expensive space in Bitcoin's chain.
- SN

Space on the Bitcoin blockchain IS intended to be expensive. Anything else is an intention to undermine the security model.
1069  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 21, 2015, 11:55:59 PM
...snip ... blah-de-blah bear rant ... snip

So Internet money, not the Internet of money.  This is a mutiny. Imagine what would happen if the Federal Reserve Board of Directors staged a mutiny like that against Janet Yellen. How would the markets react?


so still short then?
1070  Economy / Economics / Re: Bitcoin is Becoming a Global Currency on: December 21, 2015, 11:39:18 PM
Bitcoin regulation has been, and will continue to be, a hot topic as it continues to gain momentum and interest in personal and corporate finance

But how do you regulate a pseudo-anonymous, distributed protocol? It's near impossible

This is why bitcoin has been adopted on a global scale, and we will continue to see this rate of adoption increase

Correct. Effective regulation (whatever that means) is just a bureaucratic pipedream. The technology is moving too rapidly now and the rate of adoption is running far ahead of anything they could hope to implement in a timely manner. The rails are almost in place, soon we will be transmitting like Lightning.
1071  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 21, 2015, 05:53:21 AM
You shouldn't print a QR code for your cold storage wallet either.

All I do is generate a random number, write it down, and hash it with a couple mental passwords to make a private key.

Do you really have coins that you haven't touched since 2011?

Yeah, but I check them on blockchain.info every once in a while to make sure they're still there.

Be careful with generating random numbers because some of the RND computer functions have been show to not be truly random. Dice or coins is safer, but it's kind of a pain.
I think if you have to do that, then you're not using Bitcoin to its fullest potential.  So what is your plan if they're not there? lol

I know they haven't moved. And I have more than one copy of the wallet.dat file, in case one gets corrupted, so it's only a matter of getting the software to work.

you could just send me the wallet.dat file and I'll sort it all out for you, PM me where you want them sent to ....   Cheesy
1072  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 21, 2015, 05:08:31 AM
People struggling to access coins from 2011... bullish Huh  Cheesy

he's running an XT node, may as well just send them straight to Uncle Sam now and be done with all the other formalities and hassle ... lol.

Why bother with the truth... amirite?

... the truth is Uncle Sam wants YOU running an XT node ... and why would that I be you wonder? because he wants to own your coinz, oh yes, you can use them and pretend like they are yours, but just like the Federal Reserve Debt Notes, in the end he wants to have the ultimate control over your money so that it can be called in at any time. Without OWNING your own money (as in the fullest legal sense, possession, control and knowledge) you are not a sovereign economic individual, just another subject to the corporations and other entities controlling the money of the Kings and would-be Kings.
1073  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: December 21, 2015, 04:56:37 AM
Anybody silly enough to run an XT node should just send all their coins directly to Uncle Sam now and bypass all the formalities, stress and hassle that lies along that route.
1074  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 21, 2015, 04:55:16 AM
People struggling to access coins from 2011... bullish Huh  Cheesy

he's running an XT node, may as well just send them straight to Uncle Sam now and be done with all the other formalities and hassle ... lol.
1075  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 21, 2015, 04:52:27 AM
I don't know what will happen afterward but I just really want to see someone buy that 1000 wall. It has been too close too long.

Why didn't you buy it?

Quote
The walls never hold when price is moving up against them. That's why I bought the one at 430


Ahh. So I take it you went short when the 4 HR moving average went negative?
No this is my first trade of 2015.

Wow.  The way you've been talking, I thought you bought in the crash to $403 and sold at ~$458.

Thanks for helping to keep the price high until I can get my old coins out of cold storage. The wallet.dat file is incompatible with the new version so I am having a difficult time accessing them. Any ideas?


here's an idea, don't touch them.
1076  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 20, 2015, 10:13:27 AM

Chilling words from the merchant of evil: Tim Cook

https://www.youtube.com/watch?v=rQebmygKq7A

we're America we should have both privacy AND national security.

.... can't the government just do their damn jobs and stop blaming their messed up shit on the people wanting privacy and freedom?
1077  Bitcoin / Bitcoin Discussion / Re: Bitcoin Halving Party 2016 on: December 20, 2015, 03:49:37 AM
The Halvening
https://www.youtube.com/watch?v=axn8wRG8Fg0

might not be the party you imagine. But the change is inevitable, like a full moon rising.
1078  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 20, 2015, 02:28:46 AM
Estimates for total market cap potential of bitcoin are as interesting as they are wide-ranging.

At the low end we have today's range $6-10 billion if bitcoin just does what it does today and nothing else.

At the highest end we have replacement of large swathes of the global monetary systems, financial assets and undiscovered uses from bitcoin's extensible nature ... $80-100 trillion range.
1079  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 20, 2015, 01:26:09 AM
https://blockchain.info/charts/market-cap?timespan=1year&showDataPoints=false&daysAverageString=7&show_header=true&scale=0&address=
1080  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 20, 2015, 12:37:22 AM

I know some speculators reverted to fiat at the end of the year because of accounting/taxation uncertainties in previous years. If these uncertainties have been cleared up it might be less selling pressure towards the end of the month than I originally feared.
 
Or I could be talking out of my ass. Who knows?

I'm actually specifically waiting till 2016 before I do any fiat/btc exchanges, for tax purposes. I'd prefer not to do any trading at all, but if there's a move I might trade on margin.

... by 2040 the vast majority of bitcoins will have been 'mined' into existence.

The next 24 years are critical.
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