PnF TA

[Wexlike]

Klee, I assume you are currently in USD?

[1714020272]

1714020272

[1714020272]

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[1714020272]

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[klee]

Klee, I assume you are currently in USD?

Yeah, I canceled my bid at 248 because I wanted to sleep and was afraid to be away with open orders. I was almost certain that this stupid whale will get rekt so I decided not to risk it.

Now maybe I will make a small buy if it goes again around 185 +-10

[stereotype]

Klee, I assume you are currently in USD?

Yeah, I canceled my bid at 248 because I wanted to sleep and was afraid to be away with open orders. I was almost certain that this stupid whale will get rekt so I decided not to risk it.

Now maybe I will make a small buy if it goes again around 185 +-10

Thing is, my bedtime order was @167.5...........on Stamp! 

[klee]

[klee]

http://www.wired.com/2015/08/bitcoin-schism-shows-genius-open-source/

[hdbuck]

[klee]

Skin in the game! 

[brg444]

http://www.wired.com/2015/08/bitcoin-schism-shows-genius-open-source/

this is such a retarded article

[macsga]

Blood on the streets Gentlemen... Yet another dump. Let's see if they have the power to drive it below $200 (that would've been awesome!)
https://cryptowat.ch/

[klee]

Put some ridiculously low bids... 

[macsga]

Put some ridiculously low bids... 

I'm playing with pennies here... about 2000eur. Capital controls 

[klee]

Put some ridiculously low bids... 

I'm playing with pennies here... about 2000eur. Capital controls 

About 5000btc for you sir! 

[klee]

http://spectrum.ieee.org/tech-talk/computing/networks/the-bitcoin-for-is-a-coup

[nakaone]

since this thread is becoming quality thread here in bitcointalk

regarding "consensus" in blocksize debate

http://personal.lse.ac.uk/list/PDF-files/LogicalSpace.pdf

Abstract:
Can we design a perfect democratic decision procedure? Condorcet famously observed that majority rule, our paradigmatic democratic procedure, has some desirable properties, but sometimes produces inconsistent outcomes. Revisiting Condorcet’s insights in light of recent work on the aggregation of judgments, I show that there is a conflict between three initially plausible requirements of democracy: “robustness to pluralism,” “basic majoritarianism,” and “collective rationality.” For all but the simplest collective decision problems, no decision procedure meets these three requirements at once; at most two can be met together. This “democratic trilemma” raises the question of which requirement to give up. Since different answers correspond to different views about what matters most in a democracy, the trilemma suggests a map of the “logical space” in which different conceptions of democracy are located. It also sharpens our thinking about other impossibility problems of social choice and how to avoid them, by capturing a core structure many of these problems have in common. More broadly, it raises the idea of “cartography of logical space” in relation to contested political concepts. (List, 2011).

[klee]

https://www.reddit.com/r/Bitcoin/comments/3hp190/charlie_lee_nuclear_option_of_forking_the/cu9e4tj

[macsga]

https://www.reddit.com/r/Bitcoin/comments/3hp190/charlie_lee_nuclear_option_of_forking_the/cu9e4tj

It's cool to read texts like this. There are voices of reason like Charlie Lee's. He gets perfectly what's at stake here; most people of the community don't, though. Consensus protocol is something that -like the friend nakaone posted above- based on general agreement (aka: Democracy). Nobody gets to do what he has in mind without getting the general agreement. People get anxious! They feel abandoned and berated! They think there is a secret agenda here and it's pretty obvious.

WAIT! I don't disagree with it! Government is the killer app of Bitcoin as my friend NewLiberty posted elsewhere. Do they want in? By all means YES! Under one condition: They must follow consensus! What's happening here is the general disagreement towards a single-man addressing of a known problem. It's OK! SOLVE IT! But be kind and let others know, get other's opinion. GET CONSENSUS!

One thing's for sure, I wrote it before but I must post it again. "Every man has his price". We're talking about next gen monetary system here and -at least now- this must be obvious to everybody. FWIW: Even if there's no consensus, even if there are two bitcoin forks, there will STILL remain enough to run the system. TPTB knows this. They just want their control over it. Simple as that.

[TPTB_need_war]

macsga, always democracy is a power vacuum. And thus yes the elite will take control of Bitcoin. No doubt in my mind.

The only way I can see to avoid that is to use technological innovation to remove the need for consensus in crypto currency. Such as eliminating the 51% attack vector and enabling users to burn their coins and transfer them to another chain, so that value becomes orthogonal to chain protocol. Soon we will have this technology.

[TPTB_need_war]

Volatility is skyrocketing (see the dire MA blog posts linked below). Gold making its perhaps last lower high, because the crash below $1000. Consider this bounce for BTC as a last chance to head for the exits before all hell breaks loose. Sure maybe we make a nosebleed run for $300 again, but who wants to risk being long now?

As more people realize it is safer to be short than long that is what drives the extreme low coming.

http://www.armstrongeconomics.com/archives/36215

http://www.armstrongeconomics.com/archives/36205

Nearly everyone who has argued with me has ended up eating their words later.

You confuse ego with leadership. I am very cordial with people, but leaders don't lead into mud just so they can placate the stragglers and losers.

I give you the readers a "heads up" that your bullishness is the sign that the bottom has not been reached yet. The bottom comes when you the bullish fools finally in desperation go short. Then the smart money covers their short position, you fools are bankrupted, and the next bull market starts.

You are the one who is throwing your ignorance around and hurting readers.

[bassclef]

As more people realize it is safer to be short than long that is what drives the extreme low coming.

Where do you trade? I'm interested in hearing the details of your short position.

[macsga]

macsga, always democracy is a power vacuum. And thus yes the elite will take control of Bitcoin. No doubt in my mind.

The only way I can see to avoid that is to use technological innovation to remove the need for consensus in crypto currency. Such as eliminating the 51% attack vector and enabling users to burn their coins and transfer them to another chain, so that value becomes orthogonal to chain protocol. Soon we will have this technology.

Flaws will always be present when introducing innovative technologies. First we had to remove human greed out of the monetary system. We used complex random matrix equations and distributed computing to do it. Now we face consensus; we will find a way to eliminate this as well. There's no doubt that technology is our friend but also a foe in many cases. We -as a species- must learn to overcome the obstacles. We've managed to do it throughout the last couple of thousands of years, why not now?

I'm thinking of a new type of Democracy. But first we must fix the currency. "Money makes the world go around".