+1

I can't understand why is it so hard to just arrest those villains and throw them to prison for life. We know the names, we know where they live. Just catch them and throw them to jail.

These are the early signs. Just because it somehow hurts your ego does not make such events go away. We will start seeing more and more stuff like I described in OP. Gold and silver have only a small intrinsic value in comparison to their current speculative value. They will lose a great portion of their value just because so many people are so god damn sure of their value and don't expect it to fall. For example, look at yourself, you are so delusional that you refuse to think of the possibility that precious metals might lose their centuries old high value. The consequences of bitcoin are much bigger than you can think of.

If it embarrasses you but not me then it's your problem not mine you butthurt troll.

If EUR was to become equal to USD panic will start because that would be huge news. People remember that EUR is typically worth a bit more than 1 USD. When they hear it's equal they will start converting their euros into dollars and bitcoins which will further accelerate the fall of EUR. EUR is in dead cat bounce, see this topic:
https://bitcointalk.org/index.php?topic=1112770.0

Today I bought 2 jars of this:



... from my friend on the street who bench pressed a 170kg personal record today. He wanted 25 euros but I only had 20 and 50. I asked if he would be OK if paid him 20 and sent him 5 EUR worth of bitcoins later as payment. Guess what. He asked that he would like to have the whole payment in bitcoins only, if I was cool with it. I was cool with it. This means that people already have more trust in bitcoin than they have in fiat, especially euros.

He also told me that he is planning to take a loan to buy bitcoins with it. Guess what happens when people start taking loans to buy bitcoins? The banks will be milked as the value of their fiat crumbles into dust. The banks will then start to think that why on Earth should they give a loan to people who are going to buy bitcoins, so instead the banks themselves start to buy bitcoins. After that, fiat money will become worthless. Gold and silver will become almost worthless too because everyone realizes that cryptocurrencies are much better than precious metals. This will be the black swan event for precious metals. Bitcoin does not have to be afraid of a black swan event because BITCOIN IS THE BLACK SWAN EVENT.

The current pace is very good. It is exactly as I predicted. Slow but sure rise for the 5th week in a row. Next week we should start seeing the first signs of a parabolic rise on the weekly log chart.

Who said the predictions are backed just by the chart? That would be stupid. Price won't obviously jump without any reason but right now the reason is that the time is ripe for such a big move. In my life I have seen many bitcoin bubbles and I recognize the vibe of what's going to happen soon.

I don't know, but the parabolic rise should become visible after 3 weeks and then we should be at 300+ prices. After that, price may dramatically change over night.

Upload your wallet and give us the password, let the experts investigate what happened

No.

I don't understand what you mean. I don't miss anything. I would like to dump 20$ litecoins though.

http://cointelegraph.com/news/114787/greek-island-to-trial-gold-backed-digital-currency-alternative-to-the-euro


Greek Island to Trial Gold-Backed Digital Currency Alternative to the Euro


It's happening, the Greeks are turning to cryptos for real now. It's only a matter of time until they adopt Bitcoin.

It's good I bought some LTC few years ago when they cost just 0.5$ per LTC. I still have some left and I will be dumping hard soon because I don't believe in LTC in the long term.

Word. If only we could convince them that Bitcoin is actually on their side we could get a massive boost in adoption.

edit:

Cool video I like it, I guess that Lord Moncton is actually somewhat on our side but doesn't fully understand what bitcoin is and can do to the traditional financial system.

Then let's raise the maximum block size already. Those Chinise miners can go fuck themselves with their whining. I have had enough of this moronic argument about the block size. Miners have no right to even open their mouth in this argument because one change to the protocol and their ASICs turn useless. The only real owners of the bitcoin network are the bitcoin holders who can vote with their private keys what to do next with the protocol. If you are a parasite miner who sells all their mined coins then you are not a stakeholder and have no right to participate in this discussion.

It's sorcery.

https://youtu.be/u4gWkd8UfCs?t=836


Starting at 13:50 the old fart is proposing that to defeat the formation of the world government we must create our own electronic currency. I was already thinking that they are going to embrace bitcoin but instead that old fucker starts attacking bitcoin as if it was done wrong. Now that just tears it, there is no longer fiat vs bitcoin situation but instead fiat vs fuckers vs bitcoin situation. I thought Alex Jones was intelligent enough to understand that Bitcoin is our key to freedom but apparently he doesn't fully get it or has another agenda. (edit: Alex Jones says he's not attacking bitcoin so I guess he's alright)

But I guess that even bad marketing is marketing.

Did Mark Karpeles commit suicide? Who does he refer to?

Considering the political momentum in my country, many people wish to exit EU because EU tries to force immigrants into our country against the will of the nation. If nations start to quit from the union then it would definitely be bad for the EUR. Things are bad in EU, and they will get worse in 3 months. That's why I think this is a dead cat bounce.

That is actually a very good idea and could be reasonably feasible. Hopefully keeping the root TXs in the internal DB won't consume too much memory and checking their existence won't consume too much CPU.


But this soft fork is backwards compatible. It would only make a difference when the network is flooded by TXs and it encourages people to update their clients because updated nodes would reject their TXs otherwise. Don't worry about the algorithm, it can safely use something such as SHA256 but have some bits swapped in the end or in between so that a plain SHA256 ASIC would be useless.

BitMessage uses SHA256 very similarly to bitcoin but the same ASICs can not be used that are used for bitcoin mining. BitMessage has a fixed difficulty on the protocol level. Not very good but it's way better than having no difficulty at all because it makes attacking many times more expensive. If Bitcoin was to implement TX mining, then its difficulty should be adjusted according to the number of unconfirmed TXs.


It's good to know that such a patch exists but it would be better if it was included in bitcoin-core.

The mempool should drop "less important" TXs because who cares if some of them could be legit if the node is running out of RAM. Dropping less important TXs is the lesser evil in comparison to an out of memory exception . All it can do is to politely tell the other node that their TX could not be accepted at this time and that they should try sending it again later.


I disagree but I might have used a wrong term. Instead of rejection I would rather call it postponing. The honest nodes whose TXs are postponed by neighbouring nodes must attempt to resend the TX in gradually increasing intervals. If a node resends the TX too often they would be banned by their neighbours.


You are absolutely right. I have previously proposed that every 144th block should have the technically maximal possible size or some other giant size such as 64 MiB just to clear the backlog of unconfirmed TXs once per day. Other blocks should have a size of 8 MiB which I believe is more reasonable than 1 MiB. That limit should not be raised in the future but instead if needed then the maximal size of the 144th block could be increased.

False, simply false. But I guess you're the kind of guy who would look at a pie chart of bitcoin price and also say that it doesn't show any less information than a log chart. They teach this stuff in the university, I believe in the data mining course, perhaps you should attend one and pay special attention to the part where they teach the pitfalls of data representation.