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1441  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 15, 2016, 10:35:57 PM
where's trolfi these days?

he's hanging out on reddit surprisingly he's defending our beloved Bitcoin to the bitter end.

https://www.reddit.com/r/btc/comments/45rqb3/heres_adam_back_stalling_master_hei_gavin_lets/czzykx4?context=3

No he's insulting Bitcoin and advocating GavinCoin
GavinCoin WTF is that, Gavin is the longest standing developer he's taking heat for personal attacks, the only questionable thing hes done is visit the CIA and the CFR, and that was to tell them how bitcoin worked.

You just need to look at what he's produced to know he's pro bitcoin.  

GavinCoin means squat, try looking for facts!

He's trying to make Bitcoin inflationary. He's a socialist. He's an enemy of Bitcoin.

GavinCoin is a fork of Bitcoin that increases the block size or the coin supply.

I must admit admiring the relative success of Generalissimo Trollfi's latest machinations.

It was obvious honey badger would never give a shit about Buttcoin.

But it was not obvious how best to adopt camouflage and infiltrate the Bitcoin community, until Frap.doc and the Gavinistas provided the perfect opportunity.

The tiny band of hard forking malcontents needed their numbers increased by Buttcoiner muscle, and the Buttcoiners needed entry into the legitimate ecosystem.

It was a match made in heaven; Frap.doc and Trollfi have been BFFs ever since.  Quite the adorable Maximalist/Denialist odd couple, they are.   Smiley

Crassic jalopy is a broad church ... full of muppets, people, all sorts.
1442  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 15, 2016, 10:00:37 PM
I see all the trolls and paid shills are back working hard on Monday ... wonder how long until their Crassic contracts run out?
1443  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 15, 2016, 09:45:50 PM
if you know how much power the network is consuming (about a gigawatt or 1 million kilowatts)
and you know how much power costs ($0.10/kWh)
and you now how many transactions are being processed (~4TPS)
We can figure out how much each transaction really costs unsubsidized by speculators.

@ $0.10/kWh X (1,000,000 kilowatts)= $100,000/hr

4 transactions/sec X (3600seconds/hr) = 14,400 transactions/hr

$100,000/14400 transactions = $6.94 PER TRANSACTION

Feel free to check my math, but that's about how efficient the bitcoin network is currently at maximum capacity. If there are fewer transactions, it is even less efficient.  Security and decentralization are very important factors, but this is not competitive with ACH and SWIFT, or even credit cards.  The way to increase efficiency is by massively increasing the number of transactions while keeping the total power costs almost the same.

THAT is why we want to lift the blocksize limit.  We have a very very expensive, inefficient network. Security is great, but too much armor on your armored truck will limit it's cargo capacity. 



BJA tend to be a dick, but sometimes bring us quality posts as that one. Nice analisys

except that it is wrong .. so he is a dick and he is incorrect.

Bitcoin secures other chains through merged-mining already so the number of transactions "that bitcoin is securing" he uses is wrong ... also he hasn't accounted for the fact that the mining reward should be partially amortised over the total transactional life of each bitcoin, the cost of "digging the bitcoin up" is a one time deal but it contributes to the security for the many hundreds or thousands of transactions for the total monetary lifetime of a coin.
1444  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 15, 2016, 09:26:49 PM
Meh dont mind this adrianx cypherdoc fanboy, he is clueless.

what you doing here mr x? papa peter r got a lollipop for you in that cicrlejerking forum of yours.

I'm just here to see who pipes up to cry fowl when I dump. ;-) you don't seem too concerned about bitcoin anymore now that Monero's doing well.

you're here because Crassic has failed and the level of self-delusion in bitco.in has gotten too thick to see anything clearly ... I'm afraid it's not much better here the level of troll and shit-posting Crassic has created is a great credit to Gavin ... the bitcoin haters must be having a field day on the back of his "stepping back from development" community dividing efforts ... at least he could have done the admirable thing and flounced off in a drama queen ragequit like his mate Hearn and left us in peace.
1445  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 14, 2016, 11:40:22 PM
What's going on guize?
This thread could use some train and moon pics

you guise beat it out of them during the bear market ... gonna be a while before moon train days come back, now we just get disaffected sold-out bulls (BJA) and sundry haters and trolls.
1446  Bitcoin / Bitcoin Discussion / Re: "Bitcoin Will Not Survive", says Jamie Dimon on: February 14, 2016, 09:54:40 PM
There are a lot of believers of bitcoins who want to bitcoin for their rest of life. They are trying to spread it to each corner of the world so that to make it the global digital currency. As long as people love bitcoins, it will survive. No one can stop it from staying with us.

I am one of those believers. I want to talk to my friends and relatives about bitcoin. Most of the time, it is not well received.
Same here. I've been trying to convince my friends who invest in the stock market about bitcoins but they say that stock market shares have a real value and are legal but bitcoins aren't yet legal and they might fall in trouble if they invest. They also say that banks would close their account. I've no reason to give them to invest now and hence to some extent these articles and statements seem true.

This is because the Western public is largely docile and too trusting of government and authorities, though that is changing slowly now, see Greece for example.
In China and India (now Argentina and Venezuela lesser so) they have long histories of being sceptical and distrustful of communist authoritarian rulers messing around with their money and financial freedom so they grok bitcoin much more readily.  Also they maybe more techncial savvy when it means saving themselves financially.

 The Western public mainstream is largely slow and trusting though there are pockets that are sharp and cynical of authority and do not listen to corrupt criminals like Dimon and his henchmen, or cower in fear when some pencil-neck official warns against exercising your right to monetary freedom.
1447  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 13, 2016, 05:40:34 AM
It's a 150 coin short now. Tomorrow it mat be substantially bigger.
I'm not sure who you think you're talking to, but that's not impressive in the least.
1448  Bitcoin / Bitcoin Discussion / Re: ToominCoin aka "Bitcoin_Classic" #R3KT on: February 13, 2016, 04:38:45 AM
Hmm, Classic has almost hit XT's all-time high for nodes according to coin dance. Almost. Maybe one day it'll even mine a block.

just remember the bitcoin-core nodes category is filled with all nodes 0.8-0.12 .. so if you actually count just the 0.11.2 and 0.12 as voting for 1mb.. and leave the rest as undecided.. you would get a fairer grasp of the reality

0.12 hasn't been released yet.

When it does come out it is faaast and smooth, anybody still running crassic would be masochistic to persevere.
1449  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH price soaring. Are you going to move some BTC into ETH? on: February 13, 2016, 04:33:43 AM
, there's genuine interest in ETH and the potential is real, everybody wants to get it cheap

THIS

srry ... time to rotate into btc
1450  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 13, 2016, 03:55:52 AM
A nice warm flood of tripe doesn't even sound that bad, really.

Anybody got a copy of the playbook?

what you lost yours already? ... even the goons don't care about their jobs anymore.
1451  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH price soaring. Are you going to move some BTC into ETH? on: February 13, 2016, 01:10:36 AM
ether is for huffing and farting ... who in their right mind is going to 'invest' in something called "ether" virtual currency??
1452  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 13, 2016, 01:07:08 AM
Still moon.
buy.



interesting to wandererfromthenorth turn so bullish, pleasant but interesting ... could this be "THE" one?
1453  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 12, 2016, 10:54:57 PM
UPDATE: I now have a 80 coin short in. Want to make it 160? 320? keep pumping, cripplecoiners.

will someone censor this idiot soon please? he's endangering others.
1454  Economy / Speculation / Re: Fiat Collapsing. Gold/Silver/Bitcoin UP. on: February 12, 2016, 09:26:27 AM
A Central Banker speaking blasphemy ...
Quote
Monetary policy globally has been asked to do something it can't really do," Mr Stevens said.
....
"They were all structural things to help make economies work better, help productivity, assist innovation etcetera. That's where prosperity comes from. It doesn't come from manipulating the price of money," he said.

https://nz.finance.yahoo.com/news/rate-cut-wont-deliver-growth-055904781.html

I think the gig is well and truly up.
1455  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 12, 2016, 06:50:42 AM
Monkey reports in: Monkey thinks the next week could be uppish, but is generally skeptical out until mid-March, then bullish on the multi-month scale.

This time, I think I agree, but whatevs.


year of the monkey hasn't officially started yet has it?
"pic"

LOL the pic look like something else

some monkey business going on there
1456  Economy / Speculation / Re: Fiat Collapsing. Gold/Silver/Bitcoin UP. on: February 12, 2016, 04:39:16 AM
I think the gold-oil link that has lasted for over a century is being severed.

New energy technologies are coming on line that will eventually cause the obsolescence of fossil fuels and the gold-oil link is necessarily reflecting that.

There will be a lot of disruption surrounding that delinking given the number of existing geopolitical power structures, petro-dollar debt-based fiat, bonds-for-oil, gold-for-oil, similar inter-national agreements and the mountain of derivative deals that are based on these fundamental long-term linkages of energy and money being broken.

tl;dr oil is being demonetised
1457  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 12, 2016, 04:33:32 AM
this is monkey
1458  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 12, 2016, 01:24:03 AM
Monkey reports in: Monkey thinks the next week could be uppish, but is generally skeptical out until mid-March, then bullish on the multi-month scale.

This time, I think I agree, but whatevs.


year of the monkey hasn't officially started yet has it?
1459  Economy / Economics / Re: Martin Armstrong Discussion on: February 12, 2016, 12:04:41 AM

As JPM guy explains, interesting to note people are not fleeing to the safety of paper or bank deposits, but gold.

The anchor in the video also mentions that every defensive trade is so crowded right now, the reply is that people are just treading water. To me this is another small sign of the crowding into sovereign bonds.

http://www.zerohedge.com/news/2016-02-11/jpm-ficc-head-people-have-more-confidence-gold-bank-deposits-or-paper-money

speaking of crowded defensive trades, physical fiat cash is clearly being delineated as a different form of money to digital fiat bank accounts, being subject to bail-in, confiscation, freezes, bank-holidays, etc. I'm expecting at some point to see physical fiat cash trade at a premium to digital fiat cash, as much as bearer bonds have and bearer stocks have versus their counter-party impaired representations in the past.

Also I think this is a large part of the drive behind outlawing physical fiat cash is because it represents a bearer instrument and they have gradually side-lined or outlawed other forms of bearer instruments over the years. Bitcoin, gold and physical cash, stock certificates (if you can get them) should all be held closely.

Bitcoin is a bearer instrument par excellence in the digital realm.
1460  Bitcoin / Bitcoin Discussion / Re: ToominCoin aka "Bitcoin_Classic" #R3KT on: February 11, 2016, 11:47:08 PM
any of you boys ever heard the fraze

'it's all over bar the shouting'   ?

it doesn't matter because they are getting paid to do the shouting, win lose or draw ... wonder when the shills contracts run out? then we'll finally get some peace, hopefully this weekend when the puppet masters realise they are throwing good btc away on a fool's errand.
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