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1841  Other / Off-topic / Re: Do you still believe in bitcoin on: January 15, 2016, 04:46:03 PM
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Yes   - 49 (87.5%)
No   - 6 (10.7%)
Frito Pie   - 1 (1.8%)
Total Voters: 56
There was only one "No" (I assume it was OP?), or something around 3% yesterday and now look at this: the apocalypse happened! Mike Hearn is leaving us! Fire in the hole! Everyone fall back!
 Grin
1842  Bitcoin / Bitcoin Discussion / Re: Mike Hearns Bitcoin statements amount to price manipulation, on: January 15, 2016, 04:29:55 PM
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surely someone for this event has earned / will earn 'a lot of money. the big boys are  playing their game
Anyone who adopted a bearish attitude the moment they saw the newspapers taking over Mike Hearn's blog post has profited, provided they're buying back now. I was about to do so when bitcoin was still around $415. Only reason I did not is because I'm too new to trading and I couldn't tell. So, just in case the fall was already over, I chose to HODL  Grin.
Now I'm sure the fall is pretty much over. And I don't have much fiat to hand at the moment. That's the sad thing.
1843  Bitcoin / Bitcoin Discussion / Re: "Bitcoin is Dead" - Mike Hearn on: January 15, 2016, 03:22:13 PM
Oh bitcoin is dead again?  Roll Eyes

This time it's true because that one guy said it.

I heard the CEO of Bitcoin resigned.

Is it true?
I heard he committed suicide?
Yah he did seppuku. But wasn't it news from 2 years ago? I'm not sure anymore. Or is it that the new CEO also suicided? Man that's a harsh job.
1844  Bitcoin / Bitcoin Discussion / Re: "Bitcoin is Dead" - Mike Hearn on: January 15, 2016, 02:30:11 PM
Whenever I read some one is saying that Bitcoin is "dead", then it just shows that these people have no idea what they are talking about. Let the dude leave and work on shitty altcoin projects. The more people say Bitcoin is going to fail, the more I keep believing in its future. Something that grows to unseen levels has a lot enemies, and it shows....

The original bitcoin has failed, whatever bitcoin is becoming is not what it was envisioned by its creator, the original project Mike worked on is no longer.

Satoshi left and other people took over the project. It's not a surprise that it's not going in the exact direction that Satoshi had in mind. You have to deal with different people and all these people may disagree with each other on several important subjects, take the blocksize drama as example. I am happy to see where Bitcoin is standing right now, all these shills will attempt to disrupt things with their fud, but they will always lose.

Then these people should make their own altcoin, not hijack bitcoin's development and turn bitcoin into their own altcoin.

It's reasonable that all of us who bought into bitcoin because of its original vision to feel betrayed when seeing what it is being turned into, much more for someone like Mike who gave 5 years of his life to this project.
Wasn't Mike Hearn the one accused of wanting to turn bitcoin into his own altcoin in the first place?
Well I mean, anyway, it's not as easy as telling them to fuck off and go create their own altcoin: everyone knows that only bitcoin is really viable. Who'd want to create an altcoin that nobody's ever going to trust no matter how good it is in the first place if you're aware of that.
Mike's capitulation will be the decisive wake up call that the community needed to save the Bitcoin project.
It was needed to finally fork the totalitarian tyrants and their followers out of the project. Mike will make history of being the savior of Bitcoin.
And thus he spake.
(Sorry for that  Cheesy . I know I can't be the first one to make that joke but I couldn't refrain  Grin).
1845  Bitcoin / Bitcoin Discussion / Re: "Bitcoin is Dead" - Mike Hearn on: January 15, 2016, 06:34:34 AM
By the looks of it, Mike Hearn is a complete retard. If Bitcoin is dead, then why is the price still so high. Huh Huh Huh Huh
He wants people to buy into his BS so that they'll switch to his alt(?)coin, which will return him to the power he had back when he was part of the Bitcoin foundation and actually slightly meant something in the Bitcoin economy. (I do not know if he was on the foundation board but I would assume he was).

The price is high because of confidence, and this is one of the most easily exploitable emotions in trading, and especially in the Bitcoin economy.

Just ignore him and let him spew whatever he wants, no-one cares about him anymore. He's washed up and trying to feel important again. Don't give him that luxury.
I share the same opinion on this matter. Though I wouldn't say that Mike Hearn is a retard because he obviously is not. But he sure looks very disappointed, and the kind of disappointed that, as someone said earlier, seems to make him want to destroy what he can't own.

Now about the news itself I would have sold if I had known about it earlier, and maybe I should still now, but only to buy back when the price has gotten lower. Confidence is here. Bitcoin is still there, in a form that doesn't satisfy everyone but enough people to keep the value above certain prices.
Now I don't know the future. That piece of news could still have more impact on bitcoin than it has had until now (a $430 to $415 drop is nothing) but it will not kill bitcoin. Let's stop and be realistic a minute. In fact, if the price drops back to $400 because of this piece of news I might just buy like crazy.

There's just one thing that bugs me inside Mike Hearn's blog post:
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Think about it. If you had never heard about Bitcoin before, would you care about a payments network that:
Allowed buyers to take back payments they’d made after walking out of shops, by simply pressing a button (if you aren’t aware of this “feature” that’s because Bitcoin was only just changed to allow it)
I can't think of any reason why he would lie, so I'll just go with the assumption that he's telling the truth. Also, I can't think of a reason why developers would take such a decision lightly. In fact, if such decision was taken, it has to have some good sides to it. So now, why did they take such a decision? No matter how I look at it it looks extremely stupid. I can't think of any good reason. Does anyone know more than I do?
1846  Bitcoin / Bitcoin Discussion / Re: Warren Buffet buying bitcoin? on: January 14, 2016, 04:56:02 PM

No, I don't he is buying.  He won't even touch gold, why would he buy bitcoins?
Man now that I have this information a lot of stuff becomes more understandable all at once. The guy doesn't understand gold either. Well then yeah, you'll never get him to buy bitcoins then. It's no use  Cheesy
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“Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”
Warren Buffet
My dog also makes this "I'd be scratching my head if only I had fingers" face when he sees me doing human stuff that he doesn't understand, such as cutting the branches of a tree standing in my path or other stuff like that. For sure dogs don't bother doing such stuff... yup that's for sure... :-/
1847  Bitcoin / Bitcoin Discussion / Re: Warren Buffet buying bitcoin? on: January 14, 2016, 03:06:26 PM
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Don't worry for him. He'll still be remembered as an unmatched master. And besides, bitcoin hasn't succeeded... yet  Smiley. The guy is still not wrong as of now. We still have a long way to go. And that is precisely the reason why there's profit to be made by buying and HODLING now in case of future success.

But he is already wrong in his arguments against Bitcoin. He is comparing it to a check... that sounds like a joke. I doubt he even understand what decentralization means and let alone smart contracts and all the other possibilities.
Indeed. He most definitely fails at understanding bitcoin whatsoever. He's human after all: he can be wrong sometimes  Smiley. Good for him that he doesn't invest in what he doesn't understand. He'll miss opportunities like that. We all do all the time. But on the whole you'd lose more investing in any stuff that you don't understand then staying at home and counting flowers on the wall. And I mean, he probably was made by journalists into telling his mind about bitcoin, back then. I doubt he'd open it to go on about stuff that he doesn't understand if nobody asked him to.
1848  Bitcoin / Bitcoin Discussion / Re: Warren Buffet buying bitcoin? on: January 14, 2016, 02:54:23 PM
I feel bad for the guy, he could have been remembered for getting this one right too, but he is too old to comprehend.
Don't worry for him. He'll still be remembered as an unmatched master. And besides, bitcoin hasn't succeeded... yet  Smiley. The guy is still not wrong as of now. We still have a long way to go. And that is precisely the reason why there's profit to be made by buying and HODLING now in case of future success.
1849  Other / Off-topic / Re: Do you still believe in bitcoin on: January 14, 2016, 08:11:05 AM
"belief" is not something we should have..
belief is trusting something outside our reach and then waiting for that thing to do something..

i KNOW bitcoin, and I do something about it.

bitcoin has no arms to open doors. no legs to walk floors, no mouth to express laws..
.. its humans that read the laws and then use and interpret them.
.. its humans that have to open doors and do the real world expansion
.. its humans that need to stop sitting on their hands and waiting for "bitcoin" to do something for them.. and instead they should do something for bitcoin
I'd like to agree with your statement here but the future being what it is, unpredictable, no matter how much you know or do, there will be a random factor. This random factor, that you don't have control over, is what the others refer to as faith. Normally, the more you know about bitcoin the less faith you need, but you'll never reach a point where you don't need faith anymore.

And yes, I believe that bitcoin can grow very big. And I also think that it can, based on what I know.
One shouldn't be in too much of a hurry though. The enthusiasm of the start is pretty much tamed now. Bitcoin has entered a more mature phase. Although a lot of stuff can still happen, seeing it's value multiplied by a hundred in just some months is not likely to happen anymore. And that's a good thing: it means that the risk of seeing it ending up exploding mid-flight has also gotten lower. Bitcoin is here to stay but it's gonna need time to conquer the remaining markets.
Rome wasn't built in a day, but the Mongol empire was, and we all know how the latter ended  Wink
Question is now: do we want a Roman Empire that is here to stay, or a Mongol Empire that will disappear as soon as the next major event happens?  Smiley
1850  Bitcoin / Bitcoin Discussion / Re: The most creative ways to hide your seed on: January 13, 2016, 04:58:55 PM
Why wouldn't you hide it behind dry wall... No one is going to remove all the dry wall in your house to look for stuff,  NO ONE.
Not now, for sure, but if you die without telling anyone where to find your seed, people will buy the house and start repairs. Construction workers have been known to find gold in old houses every now and then. Who knows that in the next century they won't find bitcoin seeds instead Cheesy
1851  Bitcoin / Bitcoin Discussion / Re: The most creative ways to hide your seed on: January 13, 2016, 03:56:53 PM
I'd hide my seed on a paper and then put the paper under the bed, much safer because thief won't be looking under your bed when you're sleeping at night Tongue
Under the bed is even worse than inside the computer case. Yeah it's safe when you're sleeping at night but what about the rest of the time?
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If the thieves have all parts of the seed it doesn't matter if they need to solve a pattern to crack it. It will at most slow them from getting the key, but any non random substitution is easily cracked nowadays.
Indeed. That's true for substitutions  Smiley
1852  Bitcoin / Bitcoin Discussion / Re: The most creative ways to hide your seed on: January 13, 2016, 02:43:59 PM
I hide my seed inside my PC
http://learn.caconnects.org/file.php/11/open-computer-cases.png

Where you hide ?
Excellent idea. If I was a thief that's precisely the first place I'd search. Don't tell me your password is 123456789, now?

Paper is still your best bet. Or a metal, like pooya87 suggested. I'd write down my seed on a sheet of paper using an encoding pattern that only I understand, if I were you. And then maybe I'd frame said sheet of paper and hang in the middle of my hallway like you did, because it wouldn't matter anymore.
1853  Bitcoin / Bitcoin Discussion / Re: Some good concerns against bitcoin on: January 13, 2016, 02:23:12 PM
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7. A competing protocol could overtake it.
I must admit that I don't really understand Ethereum but it gives me the impression that it's extremely ambitious and doesn't pose a threat only to bitcoin but to a whole part of the internet. Now what does it actually do that bitcoin doesn't? What would be the pros and cons of using ether against bitcoin? Because now, as was said before, bitcoin has a huge advantage, which is that it was by far first on the market, so ether will have to be really good, if it is to take bitcoin down. Is it that good, now?
1854  Local / Économie et spéculation / Re: des raisons valables pour ce bear trap ? on: January 13, 2016, 12:39:18 PM
Remarque que même pendant la politique de l'enfant unique, il me semble qu'il a toujours été possible aux gens des classes supérieures d'avoir plus d'un enfant s'ils acceptaient de payer. Pareil pour les pauvres de campagnes. Les flics descendaient pas jusque là pour vérifier. Mais bon, les pauvres des campagnes n'ont pas de BTC normalement  Grin
1855  Bitcoin / Bitcoin Discussion / Re: Satoshi Nakamoto found and is homeless? on: January 12, 2016, 12:37:19 PM
they claim they have the genesis block signed, well were is the sign? they wil not show to us right? as usual
Well, you're a little unfair because they actually did show it to us, back on November 30, 2017. Now the problem is that because of several interferences in the space-time continuum we can't see it anymore, but there it was, I can assure you.
1856  Bitcoin / Bitcoin Discussion / Re: Satoshi Nakamoto found and is homeless? on: January 12, 2016, 12:00:23 PM
Quote from: Said article
Andy Greenberg and Gwern Branwen, Wired, November 30, 2017.
This is a troll. And not even a funny nor a smart one. Probably written in order to make bitcoiners feel guilty about homeless people but I'm not even sure, because... what connection is there between bitcoin users and the homeless people issue? None, I believe. It's just bizarre.
1857  Bitcoin / Bitcoin Discussion / Re: Where are we having the Bitcoin millionaires party? on: January 12, 2016, 09:12:54 AM
Vegas sounds good. Dubai too. But I don't know if I would live in so much of a different way than I'm doing now, if bitcoin became that pricey. I've never had a thing for fast cars nor jet-set stuff. Still, I'd probably buy a big house with a swimming pool somewhere in the mountains in Switzerland, but I wouldn't go for these noisy parties in big cities too often.
I vote for tokyo (or kyoto).
Despite the fact that they sound similar, these are very different cities, mate Cheesy
(Plus if they sound so similar it's only by chance: Kyoto is 京都, and Tokyo is 東京, only the "kyo", which means "city", is really in common between them).
There's not much to do in Kyoto, apart from visiting temples and shrines. Kyoto is an very historical city, which goes back centuries in the past and whose culture is extremely well preserved. It's almost a town. You can bike from one end to the other in no time. That's actually how most tourists travel in Kyoto: by bike. It's a really different and interesting experience (Kyoto, and even more so Nara, are some of the most beautiful places I've ever been to), but you wouldn't want to have a big party there.
Tokyo, on the other hand is a modern capital city, much like any other big city that you could find in any developed country. Of course it's still in Japan, with Japanese stuff there. But it's far from being the same experience that you'd have in Kyoto. Tokyo is much more appropriate for a millionaire's party.
It's a bit like comparing Ljubljana or Venice to London. Whole different stuff.

Anyway. Keep this thought away from me. Holding hopes higher than is rational is not for me. 1 BTC = 1 m USD is a sweet dream that has higher chances to not happen then it has to happen, even if bitcoin is destined to succeed.
1858  Economy / Economics / Re: hmmm is gold done for? on: January 12, 2016, 06:40:06 AM
suda123

1)  That gold is too deep under the seafloor to be mined for the foreseeable future.  VERY expensive to mine it.

2)  470 tonnes, were that to be true (and we'll have to wait and see) is not that much compared to the 180,000 tonnes or so in stock worldwide.  Remember, with gold, what is important is the stock:flow ratio, which is higher for gold than any other commodity.  470 tonnes means zip.

3)  Most of the gold to be discovered going forward is likely to be other high-cost-of-production gold.

4)  Yes, I would guess there is price suppression, but that is NOT proven, and many knowledgeable gold observers & analysts doubt that suppression is a big deal.  What is a big deal is the HUGE amount of "paper gold" (futures, options, "allocated gold" (hah!), the GLD, etc.) vs. the amount of physical gold actually available.  Some estimates are that some 280 oz of "paper gold" exist for each oz of physical.  A lot of people may be disappointed when they cannot get the gold they thought they "owned" via paper gold. *


* If you can't stand in front of your gold, and defend it with an AR-15, they you don't own it.
-- Ann Barnhardt
I'm quoting this for truth.

The price of gold is decided by the market and the mining difficulty. Also, it's true that the price of gold is supposed to plummet as available quantities increase, but since miners get paid less, they might just end up spending more digging than actually earning when selling. They'll quit digging if they don't earn enough. If gold's price rises again at satisfactory levels then the mines will reopen and the price will fall back again and the mines will close again, etc. You can't alter the price just by discovering new mines. The mining difficulty and the market are there to regulate the price.
What I'd be afraid of, in the future, is that mining from asteroids becomes cheap enough so that available gold loses it's rarity. But such thing is not for tomorrow. Space exploration has just restarted, after all.

Also, I agree with OROBTC regarding 4): the inflationary policy behind paper gold is of much higher concern than new gold mines way below the seafloor.  

DimensionZ you might want to create your own thread in order to promote your company's stocks.
1859  Local / Actualité et News / Re: Revue de presse bitcoin en français on: January 11, 2016, 11:49:46 PM
Félicitation. Comme quoi ça vaut la peine de dépenser de l'énergie pour combattre le bullshit  Wink. Un copié-collé du produit de cette consommation d'énergie ne coûte plus grande chose comme énergie, et suffisamment de copié-collé peuvent venir à bout du bullshit Cheesy .
1860  Local / Économie et spéculation / Re: L'halving ... une course à la valeur avant et après aussi. on: January 11, 2016, 04:07:29 PM
1er halving : 12 USD ------------------> 100 USD
2ème halving : 600 USD ----------------> .... ?
A) 100 USD
B) 5000 USD
C) 600 USD
D) La réponse D
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