I am betting my $400 - $600 lost profit when I sell my remaining 4 BTC at $450 to $500.

The juicer part:


But Gmax is missing one insight. That being that verification doesn't need to replicated at every node in order for it to be decentralized. That is my little secret for now 

Please read the past few pages of the Martin Armstrong thread in the Economics forum. Also the Economic Totalitarianism thread there. I also contributed a lot to the Economic Devastation thread.

Sorry I don't have an more organized resource of my commentary to offer.

Tried that already (Philippines) and you can see how well it worked out for me.  


I am talking about how the society will segregate into those who can't agree with each other. I am pointing out to not conflate social liberalism with fiscal liberalism.


Hahaha. Yeah but there was time when the Jazz and culture was really raw and real, but it is mostly just a shithole now with the redeeming qualities (the remaining creole culture) not at the commercialized junctures that you would see if just passing through.


That is precisely my point. Bernie is the social liberal version of Trump. They are both attacking the bankers and both are making unrealistic fiscal promises.

The Millennials have always been immature for their age. They've got the part down now about the bankers fucking us over, but they haven't yet learned the reality of not balancing the budget. When they lose their social security entirely and the economy goes belly up in 2018, they will start to grow up real fast and then we will see. I don't think they will support piling on more socialism to try to solve the problem. If they are that incapable of learning, then maybe the entire USA will get sucked down.

But there is this little problem. There are a lot of conservative Americans with guns. And they are not going to let the government rape them. When the shit hits the fan, they will take control. Stoic guns versus giggling faggots and I think you know who will be the boss.

I don't know yet for sure where the conservatives are going to congregate to make their stand. Maybe you are correct they will all migrate to Montana, but I doubt it. And I have no doubt whatsoever that they are not going to lay over and let the socialism run all over them.

The government can't kill millions of armed Americans. The elite will be forced into a stalemate same as at Bundy Ranch. The armed Americans will simply refuse to recognize the authority of the government. Bundy Ranch is a small example of what is coming on a much larger scale.

The conversatives have been waiting for this for a long time. They are hoping the confrontation comes soon as possible (because we ain't gettin' any youngeryonder).

https://www.google.com/search?q=Millennials+are+selfish

https://www.google.com/search?q=millennials+fiscally+conservative

There is another possibility which is that States like Texas become more prosperous and don't need any additional socialism. The Federal government may try to force prosperous States to pay for failing States such as Illinois. So we might have the Millennials saying "hell yeah, I don't want to pay for those in Illinois". So it could be the Millennials are more self-centered than their boomer parents and less idealistic about sharing. The boomers went through Vietnam and they believed in the power of government to reshape society, e.g. feminism to uplift women and anti-discrimination to liberate minorities. Me thinks the Millenials only care about themselves because they were spoiled like fuck by their rich boomer parents who suddenly had second batch of children at an older age and tried to correct their mistakes for abandoning us X gen which they gave birth too when they were young and being hippies. We X gen were the flower children (you know sexual liberation). The Y gens were the "we've matured now, let's try again" children.

I read Dent extensively around 2005 - 2007 and he ended up being wrong on everything. Then he totally flipflopped and reinvented himself.

Armstrong has been consistently correct since the 1980s.

No comparison. Stop reading that fool Dent.

And stop reading ZeroHedge, except for entertainment value. It is mostly useless noise.

Yeah I made a post recently about how the subprime lending is back in the suburbs around Austin, as there are lower-income, no-down loans for new suburbs springing up like wild flowers with good schools.

But these people apparently have jobs. Thus they are the working class, not the food stamps class.

When the interest rates head up, they lose their house and their jobs in the global economic contagion, many of them are not going to vote to raise their own State taxes. Texas has no income tax.

Latinos are hard working and many of them are not into the food stamp class.

I think we will find that Texas will roll up its sleeves and get to work, and not agree to tax themselves to death. I think Texas will choose to offer incentives for hi-tech firms to relocate there and lower taxes, instead of raising them. I think they will perhaps declare Obamacare null and void within Texas, so companies will relocate there.

It is going to be interesting to observe what happens.

I think the people who left California understand California is broken. These people are proactive enough and don't just sit in California and leech the system. Who would leave the wonderful climate of California for that inferno of Texas if not because they realize California is horribly broken.

The boomer hippies moved from California to Oregon and Washington State. These are the diehard socialists, but they also have a work ethic which may be their saving grace if they loose their bleeding heart for supporting the food stamp class nationwide.

The X gens (and Millennials) are moving to Texas. This is my generation. We are much more pragmatic.

My X generation is going to make its mark finally by saying "enough!" to the boomers being in control. We've always had to be independent because the boomers abandoned us.

Mexico is one of the strongest economies going forward. I think we can see Texas and Mexico in economic synergies. Texas is well set up to be the most economically buoyant area of the United States. i think they will realize as the shit hits the fan, they don't want the rest of the USA parasiting on Texas.

I think when Hellary steals the election, that will be the wake up call.

Edit:



Don't mistake the social issues liberalism of Millennials with their fiscal conservatism. They chose Texas instead of the NorthWet because they want to do it differently than their boomer parents who have taken control over the NorthWet (Oregon and WA State).

Singapore is too hot year round because it is too far south. I am looking for a cool climate (at least during winter) so I can work not in air conditioning. The past 2 days it has been cloudy and rainy in Davao and so much more pleasant for working (with the ceiling fan on).

I think also Australia, New Zealand, Chili (and maybe others) have special visa programs for those doing hi-tech startups. But I am looking for a short-term fix later this year. For the more permanent move out 2017ish, I'd like to consider getting out of overcrowded Asia.

I am not that worried about China impinging on me at this early juncture. Down the line it could be potentially be more risky since ostensibly China views open software as a threat to its control over propaganda.

Right. It is the minority that suffers from delayed block announcements, i.e. this is selfish mining.

Unless Chinese miners have a high latency between themselves within China?

Also I read the GFW was bandwidth limited. It is also latency limited and by how much? The Bitcoin block period is quite large so 100ms increase is probably fairly insignificant in the Poisson distribution.

Your verb tense is wrong. The halving has not occurred yet.

Please don't troll. Disingenuous posts are just useless noise.

---

Btw, I think r0ach might ending up being both correct first and then wrong later. In other words, Bitcoin can blast up to $500 now, altcoins can take dump, and then Bitcoin can dump also in a crash as I think may be coming.

As I said the other day, smooth and have similar logic, but he is more eloquent.

Well summarized!

I would add that by giving away your money to the Dash insiders, you contribute the destruction of the crypto-currency ecosystem and reputation as a scam haven.

Thanks for the support, but the GFW is a great lie. The ASICS only need a hash of the transactions, not all the transactions. The mining pool server can be located outside of China.

That will show you that the ASIC miners in China are greatlousy liars.

And those with an IQ double the temperature, are not buying either one. 

(I wonder if he realizes that is a statement about the upper bound of his IQ)

Probably nobody here wants to read this viewpoint:

The 850,000 Bitcoins stolen (200,000 recovered) from Mt. Gox were roughly 8% of the coin supply. What was likely happening is this supply was employed to manipulate the float on Mt. Gox (buying from yourselves, etc) in order to drive a massive bubble..since 70% of all Bitcoin traded through Mt.Gox.

Given ASICs had come online, miners didn't need to sell as many coins to pay electricity.

The mass media was pumping Bitcoin up every day.

We probably don't have the level of upward price manipulation now. Sorry.

Edit: altcoins became the way to have the float tied up in one or two exchanges (e.g. Ethereum) so the insiders could manipulate the price. Crypto-currency is all about the scams.


This is true. Most people don't want to trade their BTC for a non-CC asset, because this their gambling money. They can't buy mining equipment with BTC to increase their holdings of crypto-currency. This is why ICOs have become more popular than mined distribution, with the ASIC resistant Monero as an exception.

ASICs killed the mining ecosystem. This has been r0ach's point, that if the coins don't circulate, then the ecosystem dies. Bitcoin is dying. Only the altcoin circulation kept Bitcoin alive.

Sorry I see Bitcoin as very vulnerable. No new money is coming in. A global contagion can force some large whales to liquidate to cover their ass in other illiquid loans and investments.

Prepare for the crash.