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81  Economy / Speculation / Re: Analysis on: July 09, 2016, 06:28:08 PM
I (don't) want to believe.
82  Economy / Speculation / Re: The Death of Bitcoin as Confirmed by Data on: July 09, 2016, 03:36:14 AM
Thank you as ever for your sage analysis proudhon.

https://youtu.be/A7TuFy0fcuw

Bitcoin's a fad and it's on fire...
Higher than a fantasy
Like a singularity

Reminds me of the good old days. Smiley

Hello from Chile.
83  Other / Politics & Society / Re: The less you own, the more you have on: July 01, 2016, 09:30:42 AM
Wow, this is insane to read Elwar because I live the exact same way. I have totally downsized everything to one 25 liter bag which weighs at most 10kg. I read that nomads during historical times had about 10kg of items and it is possible to carry that much on your back all day. I've gradually optimized my possessions (wool is key and I have a small pharmacy with me at all times, plus a 20L bag inside my 25L bag which collapses down into nothing for daybag use) and now have just under 100 items using a conservative counting system. I actually have a cool Google Spreadsheet which has everything I own on it besides a few childhood things like you mentioned which I just have to photograph and destroy, old family VHS tapes/photos which really aren't "mine" but I will take responsibility for digitizing some of them, etc. Being able to list every single object I own off the top of my head is something I am proud of, and it feels like a huge burden lifted.

I just spent 8 months in South America and got back to the US in early June. Prior to that I lived in Asia for 9+ months, England for a few months, and a few other places. Later this year I will be renouncing my US citizenship to close that out. I just sold my small car here which I bought used (2 years old seems to be the ideal point, never had a problem with it for the six year I owned it). I've been staying with my family here in the US and the US lifestyle seems to be destroying them as well as many of the people that I know. Hoarding, excessive debts, cultural disease. Trading the hours of one's life for money is just a horrible slow suicide and anyone with a decent income should be able to retire early if they really want to. But spending near one's limits makes this impossible. The manufacture of desire. Hedonic treadmill and all that.

I could never go back to my old way of life, although I have always been a minimalist during my adult years. It's funny because I feel people would often dismiss me as eccentric, which I certainly am, but now people seem to admire me and often say they are envious for my life which I know they could easily have but they won't. I actually transitioned to this system just during the earlier days of bitcoin so to many it seems as though bitcoin savings are necessary to be free, and it certainly helps, but the core idea has to do with not having much stuff. In fact the more money you have perhaps the closer you should guard it because it seems to easily slip through people's hands.

It sounds like you aren't a Yankee given your use of m^2 so perhaps your society is not as bad as this one but I have no intention of returning here. The entire world is mad and of course it takes a long time to see the differing insanity of each society, and common strains run through all of them. But the key is we can take the benefits of the societies and escape from the rest. For instance, American grocery stores are fucking amazing. Nobody here seems to realize this. But then again not many people are just eating fresh produce all of the time. I just can't believe how many good fruits and vegetables are available in the aisles of this country. But this comes with downsides as well. Anyway, not to be hard on the US, ignorance is found everywhere, I just understand this culture best and despite the fact that I soon won't be a US citizen I will still always be an American culturally.

Only problem is it is hard to find similar people. Everywhere you go you just have people living their lives and the world is focused on this economic machine. Gotta feel for people in less prosperous societies for which the above is all nonsense. But for people reading this and in rich countries, there are certainly alternative ways of life. Anyway, not my intention to criticize, just writing up some thoughts as those reading this thread are hopefully interested!
84  Economy / Speculation / Re: Analysis on: June 22, 2016, 09:43:19 PM
Welcome back masterluc. We have missed you. Smiley How high can we go?
85  Economy / Service Announcements / Re: [ANN] btcforkmonitor.info - A website to monitor all bitcoin blockchain forks on: June 19, 2016, 10:15:29 AM
Down?
86  Economy / Economics / Re: Estimating the energy/power consumption of the Bitcoin Network on: June 17, 2016, 11:19:45 AM
Just been thinking about this thread some more and it is possible that policies to increase the cost of electricity would come into effect if bitcoin started to use too much of the world's energy resources. These could be targeted at miners specifically. That would have a dampening effect on the above numbers.
87  Economy / Speculation / Re: Bitcoin price cycles on: June 17, 2016, 11:17:46 AM
I think we are entering another super-cycle but there is still going to be a ceiling on stable price, which can be temporarily overshot, due to the cost of mining taking up too much of the world's energy consumption.

https://bitcointalk.org/index.php?topic=694401.msg9186092#msg9186092
https://bitcointalk.org/index.php?topic=694401.msg7841448#msg7841448

Would be helpful to run these numbers again.
88  Alternate cryptocurrencies / Altcoin Discussion / Re: The bottom will drop out of the alt market soon on: June 13, 2016, 01:07:46 PM


Rub it in r0ach Smiley Awesome weekend!

ETH and THE DAO are doing fine though, even if it seems nothing will ever happen in THE DAO.
Pretty bizarre they are still doing OK. The main thing ETH had going for it were illusions of replacing bitcoin.
89  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Who will be the next victim for Vitalik to dump his Ethereum IPO scamtokens on? on: June 13, 2016, 01:02:36 PM
I was taking a train into NYC and after some chatting one of the guys sitting next to me said he was buying Ethereum. I mentioned proof-of-stake vs proof-of-work but he had never heard of either.
90  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 13, 2016, 12:56:45 PM


Nice nod to China with the pic. Smiley
91  Economy / Speculation / Re: Parity watch -> Who's next? on: May 30, 2016, 03:31:11 AM
Great! But Venezuela is #13 on that list!  So I don't think M1 is a great metric although it is fun to look at.

http://www.tradingeconomics.com/country-list/money-supply-m1
92  Economy / Speculation / Re: The Bitcoin Rally Song! on: May 29, 2016, 06:06:52 PM
Bump! Has nobody respect for tradition around here anymore?!  Huh
93  Economy / Speculation / Bitcoin's a fad and it's on fire... higher than a fantasy, like a singularity... on: May 29, 2016, 05:55:35 PM
The proudhon song (bitcoin is a bubble)
https://www.youtube.com/watch?v=A7TuFy0fcuw

I love listening to this during rallies. Smiley
94  Economy / Speculation / Re: 4 figures seem more and more realistic this year by the second on: May 28, 2016, 09:26:50 PM
https://www.youtube.com/watch?v=NG1qooBzE2w

I've said it before and I'll say it again. You can't keep a good coin down.
95  Economy / Speculation / The dragon has arrived on: May 28, 2016, 08:49:01 PM
All hail the dragon.

Now past the high of the week of Aug 24 2014.
96  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 28, 2016, 08:36:15 PM
HIGHEST PRICE SINCE SEPTEMBER 2014!
August 2014 Smiley
97  Economy / Speculation / Now we know Satoshi is not going to be forced out of hiding on: May 05, 2016, 07:50:59 PM
If this CW scam, blocksize debate, etc. and the ensuing media attention won't make Satoshi sign something saying he is not CW, then nothing can do so. He will make a move if and when he decides (if he is still alive). So although this is just a stupid sideshow it does provide us with additional information which can be useful to pricing our favorite asset. Satoshi is not going to raise his head until he is good and ready, and that is likely some time (in terms of price) from now.
98  Economy / Speculation / Re: Gavin believes Craig Wright is Satoshi - Effect on BTC price on: May 03, 2016, 01:14:38 AM
Well, all of us here know that CW isn't Satoshi. But CW could be an elaborate ploy to get the real Satoshi to make a post with an actual signature. Not that the real Satoshi would fall for that.
99  Economy / Speculation / Re: creator of bitcoins on: May 03, 2016, 01:02:32 AM
Oh no, an NDA! What might the penalty be? He'll seize his bitcoins?
100  Economy / Speculation / Re: Ultimate Hodlers only thread - do you have a dollar price in mind? on: April 27, 2016, 02:02:18 AM
Diversification is worsification. Wink
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