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1  Economy / Speculation / Re: rpietila Wall Observer - the Quality TA Thread ;) on: March 03, 2017, 03:48:30 PM
Hey Risto - I have be following you and your journey at a distance for many years now. You have brought enormous value to me personally and have helped me to change my understanding of wealth and money for the better. My life has completely changed financially over these past 5 years. Of course not all your doing, but you have certainly helped. Since you asked, I would love to see an ebook from you on your current understanding of money, wealth and economics.  Just my 2 satoshis.

Watching your struggles over the last couple of years has been difficult. I am very pleased that you seem to have come out the other side stronger and clearer as to your purpose and function. You apparently have now come to deeply understand that we are constantly creating our own realities and that the only real solution to our individual and collective difficulties is to raise our consciousness and become more intentional creators. I wish you all the best going forward. Keep up the good work.

And again, thank you for your courage in putting it all out there. All the best!
2  Economy / Speculation / Re: When does altcoins price pump begins? on: November 05, 2015, 11:27:35 AM
Hyped BTC will be naturally cashed out in alts. When people begin to realize that BTC is already overvalued, they will begin buying alts to maximize their profits.

yes. Historically this is what has happened. But I think we are a long way from serious volume profit selloff of BTC. I think we will have to be well beyond current ATH. And the funds will flow to the strongest alts. Probably just a few.
3  Economy / Economics / Re: Martin Armstrong Discussion on: November 04, 2015, 07:57:39 PM
Armstrong is a macro guy. he's tracking capital movement of billions and trillions. Something like bitcoin can completely go nuts based on a a few individuals buying or selling 100 million dollars worth of bitcoin. We shouldn't be surprised by anything bitcoin does. It can decouple from the macro movements because it is still too small and volatile. The USD might appreciate 20% against bitcoin because of macro factors that Armstrong is correct on, but we're in the situation where a relatively small amount of capital can move bitcoin up or down 100%. I'm far more likely to pay attention to this macro capital movement stuff when trading big currencies like the British pound or stock indexes like the S&P. Bitcoin can go off the reservation at any time.

This. I have a strong trust in Armstrong's overall read of the cycles & big capital flows. But BTC is still very small and its volatility is probably separate (and mostly uncorrelated) from broader macro moves. At least for the next year or so.
4  Economy / Economics / Re: Martin Armstrong Discussion on: October 08, 2015, 12:59:22 PM
Fractal cycles  Smiley

put it on loop, and enjoy.
5  Economy / Economics / Re: World Trade, Commodities Prices and Stocks DOWN Hard; Recession Coming Soon? on: July 26, 2015, 06:14:12 PM
I read Armstrong every day for couple of years now (thanks to you TPTB Wink. Question: does he expect the private assets to bottom by October, or will it take much longer before the flow flips and starts moving into gold, btc, etc? I know he sees flow continuing into $ and US for couple more years as safe haven.
6  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: October 27, 2014, 04:45:50 PM
I think the average user wouldn't care how it works, as long as it works. Only a handful of people understand the thing we nowadays call money either. Crypto must solve a real world problem to gain substantial use in everyday life. From my perspective, this premise is met.  It only takes some time (and perhaps a financial crisis or two) for the larger public to become interested.

This is how I see it. As an investor and monetary activist  Wink I obviously need to "understand Bitcoin". But for mass adoption this is not necessary. Bitcoin/ledger either works and serves as better money/memory, or it does not. If it does, it becomes the future and will be used by everyone (and everything I see suggests this is exactly what is happening). Most everyone will never understand anything more about bitcoin than they do about http - they will only care that it works, is safe, freeing and reliable. "Education" will happen on its own.
7  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: October 14, 2014, 04:27:11 PM
Hey Cypher - looks to me like the gold/btc correlation is pretty strongly positive. Even over months + time frame. Look different to you? Is this just due to dollar moves or more fundamental?
8  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: October 09, 2014, 03:13:54 AM

Yes, an amazing performance. He rocked it! Very bull.  Grin
9  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BitcoinDark (BTCD)--Sha-256/PoW-PoS hybrid/Bounty Opportunities on: August 24, 2014, 07:53:04 PM
James and team -- Very impressive. And thank you for all your hard work & community spirit. Read black paper and all threads. Bought a nice starting stack of BTCD just as we were lifting off a few days ago. I'm a long-term holder. Can you point me to the most challenging (=negative) analysis - written by credible devs/investors - to your approach and tech? What are the big concerns/limitations etc?
People have been trying to solve the wrong problem and since Teleport solves the right problem, the big criticism is that I am not solving the wrong problem of making a new crypto algo that is anon. The right problem is how to create a way to use crypto that maintains privacy. This is what I solved, I didnt bother to make any new cryptographic maths as there already existed all that was needed.

It is like there is this giant effort of people who all go off to far and distant places in search of the answer and I just go to the train station where they all left from and find the answer right there! Maybe this makes some peoples angry at me, but I dont care I just want to have nice way of making crypto private and I am lazy to make difficult stuff. I just use what I find, here, there, put them together.

I am still waiting for any actual criticism of Teleport that I am not aware of. The creation/extraction is definitely a concern and we must take great precautions there. We are actively searching to hire a credible dev to do a thorough code review. Of course, if anybody has found any flaws in the DarkPaper, I am hoping they will post so we can address it. If there are no flaws in the overall design and the code implements to that design, then it seems Teleport is nice and solid.

I am iterative coding style, so over time the code improves by using new algorithms if necessary. I dont believe any wholesale changes are needed to the basic design, but I am always making mistakes, so if it is needed, then I just write more code to fix it. Whatever issues are found by code reviewer, I will fix them of course.

So, if anybody knows a credible coder who can do a meaningful review of Teleport, PLEASE contact them. We need this as without it people will just have to trust me, and there is no need for this trustpoint as the source is open, we just need to get a peer review. We will pay reasonable fee for the time spent.


Thank you. Fair response. I hope indeed you have had the simple breakthrough idea that we have been waiting for. The tech/code is beyond me to assess, but I am always drawn by the elegant solution to difficult problems. Let's find those peers and get some reviews going - and see what the world says.

Edit: James, just saw your post asking for help in Risto's altcoin thread. Great! I hope someone picks up the challenge.
10  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] BitcoinDark (BTCD)--Sha-256/PoW-PoS hybrid/Bounty Opportunities on: August 24, 2014, 06:13:23 PM
James and team -- Very impressive. And thank you for all your hard work & community spirit. Read black paper and all threads. Bought a nice starting stack of BTCD just as we were lifting off a few days ago. I'm a long-term holder. Can you point me to the most challenging (=negative) analysis - written by credible devs/investors - to your approach and tech? What are the big concerns/limitations etc?
11  Economy / Economics / Re: Stephen Reed's Million Dollar Logistic Model on: August 18, 2014, 03:59:00 AM
Is that taken literally? As in 70,000 squared (4.9 billion) should be bitcoins market cap?

"proportional to the square"
12  Economy / Speculation / Re: And after this profitable sell-off, this is probably the bottom on: August 16, 2014, 10:20:09 PM
Some buying going on, a stronger bounce than the ones we had so far since the drop. Another possible indication that the bottom we saw is the definite bottom.

The bounce is not very strong - although much better than the previous one. And still more than 20 millions USd in longs on 'Finex Sad. I think we have at least one more leg down

Yup. I'd say at least one more...I'm enjoying watching the show. It is a lot easier to explain what is happening than most will admit. The big money is going to run this market up and down as long as they can, to shake all the loose coin from greedy pockets - before they let this rocket take off. Could be quite a while longer until all the casual money is out of the game, and only the fanatics remain. (kinda rhymes)....Then there will be no choice but to buy.  Wink
13  Economy / Speculation / Re: rpietila Calling the Bottom on: August 16, 2014, 08:22:30 PM
I'm starting to be pessimistic about it all, and I even think we may not witness next Bitcoin bubble in near future... Here's why:

Community is not focused and I doubt we can heal the economy and win the war this way.

While I understand and respect the issues you raise, it seems like a very strange time for someone who understands bitcoin to be "pessimistic about it all". 

Three years ago, when I bought my first bitcoin - if you had told me that in 2014 we would see BTC listed on bloomberg and CNBC, front page articles in the WSJ (serious articles at that), 100's of millions of VC money pouring into start-ups, famous gold bugs endorsing bitcoin, every student at MIT about to receive $100 of bitcoin, 8000 bitcoin locations to buy BTC in Argentina, ATMs    locations rapidly growing, 1/2 dozen serious btc exchange sites getting geared up, hedge funds and ETF's on the horizon, not to mention serious, large retailers accepting bitcoin around the world, and a BTC price between $500 and $1200, I would been very skeptical, and would have thought "bitcoin has far exceeded my expectations, and is moving toward success - and quickly". All the boxes I would have wanted to see checked, are being checked.

"And now I come to camp to hear the waters called muddy and the current quickened, though I see no change in the creek.  And the Hooples, certain sure that flood crest fast approaches, have begun to think keenly, Iíll get ahead of the event.  Maybe Iíll sell my claim at discount. Anything to unharness so they can head for the higher ground.  Myself, Maam, Iíd be bettin that the levyíll hold."   Wink

Deadwood 2X4
14  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 13, 2014, 03:07:48 AM
here's one i was going to pass over.  another old dude that gets it.  he actually taught me something:

"Capitalism is deflationary".

Don't make me go there.

Too late...
"Time is deflationary." - NL


Definitely worth the time for me...thanks for the link...
15  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 13, 2014, 02:29:50 AM
I've never had much interest in LTC. Bought some to speculate with but got bored and sold back to BTC long ago. I think it is likely we will see 1-3 alts survive/thrive in addition to BTC, but I believe they will have to embody unique features (anonymity, etc) that clearly differentiate from BTC. LTC is basically just a clone, and significantly less secure. Why would I use it again Huh
16  Economy / Economics / Re: Peter Schiff on Bitcoin on: August 10, 2014, 07:09:17 PM
According to Jeffrey Tucker (speaking on LTB podcast), Schiff has had a complete change of heart re: bitcoin.

Tucker puts it down to experiencing bitcoin; he related the story of being ridiculed by Schiff for 18 months over his bitcoin stance until one day Schiff approached him, marvelling at how quick bitcoin transactions were completed and how it saved his company plenty on fee payments.

Slowly but surely, the gold bugs are turning.

Could not help a big, big  Grin Grin come over me, when I heard that story.
17  Economy / Economics / Kuhn, Bitcoin, IP, philosophy and big picture NOW perspective on: August 10, 2014, 07:02:16 PM
Andreas and Jeffrey Tucker rock it. Great listen and amazing to realize where we are today...Thanks guys!

"Between Andreas M. Antonopoulos, Jeffrey Tucker, and Adam B. Levine, you could not have a better cryptocurrency discussion that is clear, insightful, and inspiring."  Grin

get some coffee, and kick back for a treat.

18  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 03, 2014, 06:15:44 PM
While the concept of a "necessary backing" is a fallacy in my book
"Backing" is a kind of awkward hack that attempts to limit the production of currency.

Exactly. "an awkward hack" because we had no alternative.

19  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 01, 2014, 05:31:37 PM
Arghh... The LA Times is quoting Mark Williams in an article on the Coinabul mess:

How they can present that guy as a valid opinion for anything bitcoin related is beyond me. Don't know why it annoys me so much, but it does.

The author is Riley Snyder. I think people should point out to him what a terrible source Williams is. His twitter handle is: @RileySynder . CCing @latimes probably wouldn't hurt either. And he can be emailed here:

Why blame bitcoin?  Is gold not just as much at fault if this is a bitcoin to gold service.  Users can prove payment in bitcoin.  They can't do that with gold.  It seems to me that gold would be more at fault... that is of course if you want to blame the tool and not the site operator.

Good point.
20  Economy / Speculation / Re: You guys need a reality check on: August 01, 2014, 05:14:48 PM
Really fascinating. As a study in human "reality making". If you go back and read this guy's posts over the last couple of years, it is amazing how he had already made up his mind (years ago) about what "is true" about bitcoin. And no matter what data shows up over the years that actually conflict with his "truth" he can not accept it, and just keeps believing the same old story. We humans (I include myself in this) obviously mostly only let in data that matches what we already believe (when we are "certain") and only data which supports our current version of reality. It is hard to stay honest to facts, and be truly scientific - and impossible if you have already made up your mind and are "sure"  Wink 
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