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3341  Economy / Speculation / Re: Coiling for a big move.. on: December 06, 2014, 05:22:14 PM
the REALLY big deal for Bitcoin in the past several months has been the tx volume increase.  prior to that, there was a real question regarding widespread adoption.  this increase bodes well for Bitcoins future.  it cannot be interpreted in any other way.

and before the bears scream about intra-wallet tx's as being fake volume, i must remind you that those still have to pay miner fees thus boosting the overall mining economy and revenue.  this is actually why it's important to keep all tx's on the main blockchain as opposed to offramping them to SC's.
3342  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 06, 2014, 05:08:09 PM
https://twitter.com/cypherdoc2/status/541277736267186176
3343  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 06, 2014, 05:03:17 PM
https://twitter.com/cypherdoc2/status/541276604631375872/photo/1
3344  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 06, 2014, 04:59:33 PM
3345  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 06, 2014, 04:28:35 PM
there was no Ripple pre-mine.  simple XRP creation out of thin air, distribution to themselves and others arbitrarily, and further creation just last/this year arbitrarily.

Jed left and started the non profit Stellar which was supposed to be better and non conflicted.  then Jesse left the board.  both cuz of disputes with Larson.  Larson desperately got both of them not to dump their XRP for fear of dropping the price.  Larson gets forced to donate his share of XRP to charity after Jesse called him out on it.  now Stellar forks.

the whole debt based IOU model secured by centralized gateway signing a supposed decentralized hashchain doesn't sound like it can possibly work.  why would any banks convert to this after what has happened?  the ultimate in centralization of the entire protocol down to one server?  sounds like the death knell to me.

most ppl are going to lose money in the cryptocurrency space.
3346  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 06, 2014, 02:31:43 PM
I know buterin and larimer met up in vegas this yr and larimer convinced buterik about dpos maybe now is when they switch.. another notch under the belt for
bitshares

I see that as a  negative.

Bitshares had had to change itself several times for flawed assumptions. DPOS probably won't be any better than POS. And the fact that Vitalik was meeting with and changing its own model just this summer goes to show just how incoherent their whole concept is a well.
3347  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 06, 2014, 08:04:19 AM
Looks like lights out for Ripple.

Nah they will probably just continue to market the service as a centralized system. They have all these deals with banks and such now. Do those people actually care about decentralized?

It is lights out for being meaningful competition to bitcoin, but I'm not sure it ever was.



Didn't they run off a hashchain model?

I read this once: https://wiki.ripple.com/Consensus

If I recall correctly there was some sort of trusted root list. I gather from this new post that they will have a single trusted root now (until the new snake oil "distributed" algorithm can be developed). But I may well have some details wrong. It's been some time since I took Ripple seriously at all.



I'm not sure they have that many banks.  From what I remember there is Fidor and 2 small east  coast banks.  This kind of fault should be enough to kill them off imo. I think it is a hashchain model which I never understood how it could even work.
3348  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 06, 2014, 07:53:05 AM
Looks like lights out for Ripple.

Nah they will probably just continue to market the service as a centralized system. They have all these deals with banks and such now. Do those people actually care about decentralized?

It is lights out for being meaningful competition to bitcoin, but I'm not sure it ever was.



Didn't they run off a hashchain model?
3349  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 06, 2014, 07:20:32 AM
Steller (and by extension, Ripple) consensus now empirically broken: https://www.stellar.org/blog/safety_liveness_and_fault_tolerance_consensus_choice/

Temporary fix is to degrade the network to a single (!) validating node.

Sounds like the long-term fix is to introduce some sort of a network-wide "pause" ability.....several months from now.

I'm guessing that they'll eventually explicitly abandon meaningful decentralization.

Wow, that's a big deal.

Looks like lights out for Ripple.
3350  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 06, 2014, 03:34:28 AM
It's coming:

Russian BTC buying continues to accelerate - localbitcoins volume sets 7th consecutive weekly record.

http://bitcoincharts.com/charts/localbtcRUB#igWeeklyztgSzm1g10zm2g25zvzcv
3351  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 06, 2014, 03:01:49 AM
Back into the bullish flag. Just a matter of time. 
3352  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 06, 2014, 12:56:37 AM
It's very good that the DOJ has coughed up 80000 coins. Let's hope they keep selling.
3353  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 06, 2014, 12:29:05 AM
https://twitter.com/petertoddbtc/status/541021169198305281
3354  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 06, 2014, 12:21:47 AM
this is good.  Sergio Lerner:

http://www.coindesk.com/bitcoin-foundation-sergio-lerner-security-role/
3355  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 05, 2014, 04:46:44 PM
3356  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 05, 2014, 03:45:53 PM
3357  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 05, 2014, 09:52:04 AM
http://mobile.nytimes.com/2014/12/04/opinion/julian-assange-on-living-in-a-surveillance-society.html?_r=1&referrer=
3358  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 05, 2014, 02:44:13 AM
that was a pain in the ass.  but well worth the time:



Yep.  You'll always remember the first time you did raw multisig. 

was it my imagination or was pybtctools alot easier?
3359  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 04, 2014, 11:41:55 PM
its good news when the sharks start turning on themselves.  "someones" gotta pay:

The ruling is one of the first court decisions to clarify the legal confusion between retailers and banks in data breaches. In the past, banks were often left with the financial burden of a hacking and were responsible for replacing stolen cards. The cost of replacing stolen cards from Target’s breach alone is roughly $400 million — and the Secret Service has estimated that some 1,000 American merchants may have suffered from similar attacks.

The Target ruling makes clear that banks have a right to go after merchants if they can provide evidence that the merchant may have been negligent in securing its systems.

Mr. Newman said that Tuesday’s ruling was the beginning of a new “legal road map in determining who’s responsible for paying the significant costs associated with a hacking incident.”


http://bits.blogs.nytimes.com/2014/12/04/banks-lawsuits-against-target-for-losses-related-to-hacking-can-continue/?smid=tw-nytimestech&seid=auto&_r=1
3360  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: December 04, 2014, 11:23:22 PM
ppl are getting closer to "The blockchain may only ever be applicable to Bitcoin as Money"-cypherdoc.

There is only one blockchain and it’s called Bitcoin

http://blog.oleganza.com/post/104274846653/there-is-only-one-blockchain-and-its-called
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