Gyrsur
Legendary
 Offline
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
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September 05, 2018, 01:39:03 PM |
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A specter is haunting the modern world, the specter of crypto anarchy.
Computer technology is on the verge of providing the ability for individuals and groups to communicate and interact with each other in a totally anonymous manner. Two persons may exchange messages, conduct business, and negotiate electronic contracts without ever knowing the True Name, or legal identity, of the other. Interactions over networks will be untraceable, via extensive re- routing of encrypted packets and tamper-proof boxes which implement cryptographic protocols with nearly perfect assurance against any tampering. Reputations will be of central importance, far more important in dealings than even the credit ratings of today. These developments will alter completely the nature of government regulation, the ability to tax and control economic interactions, the ability to keep information secret, and will even alter the nature of trust and reputation.
The technology for this revolution--and it surely will be both a social and economic revolution--has existed in theory for the past decade. The methods are based upon public-key encryption, zero-knowledge interactive proof systems, and various software protocols for interaction, authentication, and verification. The focus has until now been on academic conferences in Europe and the U.S., conferences monitored closely by the National Security Agency. But only recently have computer networks and personal computers attained sufficient speed to make the ideas practically realizable. And the next ten years will bring enough additional speed to make the ideas economically feasible and essentially unstoppable. High-speed networks, ISDN, tamper-proof boxes, smart cards, satellites, Ku-band transmitters, multi-MIPS personal computers, and encryption chips now under development will be some of the enabling technologies.
The State will of course try to slow or halt the spread of this technology, citing national security concerns, use of the technology by drug dealers and tax evaders, and fears of societal disintegration. Many of these concerns will be valid; crypto anarchy will allow national secrets to be trade freely and will allow illicit and stolen materials to be traded. An anonymous computerized market will even make possible abhorrent markets for assassinations and extortion. Various criminal and foreign elements will be active users of CryptoNet. But this will not halt the spread of crypto anarchy.
Just as the technology of printing altered and reduced the power of medieval guilds and the social power structure, so too will cryptologic methods fundamentally alter the nature of corporations and of government interference in economic transactions. Combined with emerging information markets, crypto anarchy will create a liquid market for any and all material which can be put into words and pictures. And just as a seemingly minor invention like barbed wire made possible the fencing-off of vast ranches and farms, thus altering forever the concepts of land and property rights in the frontier West, so too will the seemingly minor discovery out of an arcane branch of mathematics come to be the wire clippers which dismantle the barbed wire around intellectual property.
Arise, you have nothing to lose but your barbed wire fences!
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El duderino_
Legendary
Offline
Activity: 2632
Merit: 12888
BTC + Crossfit, living life.
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September 05, 2018, 01:40:56 PM |
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 we will take and hodl the BTC's |
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El duderino_
Legendary
Offline
Activity: 2632
Merit: 12888
BTC + Crossfit, living life.
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September 05, 2018, 01:43:39 PM |
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My friend was talking about 4-4.3K ..... the real fear for Some hodlers that think they are real hodlers must be tested .... i was feeling to punch Him square in the face  I do not mind Going there but its my private BTC guru and from Him i only wanna hear BULLISH over BULLISH things Its good his long term vision (big picture thing is extremely BULLISH) but the man got a very good price feeling or whatsoever “he didn’t believe we are taking of yet - let Him be wrong  ” I'm with your guru on this one. We need a little real capitulation. I'm afraid this is only foreplay. +1 and all the hedge funds who unloaded during the bubble and made a killing trading shitcoins haven't rebought yet, they are the one who pushed the masses to buy the top, and their coins are in the hands of retails investors now, bitcoin need a purge so strong hands get their coins back a hodler is a real hodler only when he's a hodler among real hodlers and right now real hodlers aren't hodling yeah thats how he sees it many think they are real hodlers but didn't feel the real pain yet ..... for me its more like its boring to be waiting again if it drops deep however i am patient in this kind of things .... luckely  |
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d_eddie
Legendary
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Activity: 2618
Merit: 3423
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September 05, 2018, 01:52:05 PM |
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however i am patient in this kind of things .... luckely Patience is the key virtue for us. As for the short term, if I were to go wild with SOMA predictions, I'd say I'm expecting a Bart upramp landing halfway down today's cliff. 71xx area. |
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El duderino_
Legendary
Offline
Activity: 2632
Merit: 12888
BTC + Crossfit, living life.
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September 05, 2018, 01:53:43 PM |
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El duderino_
Legendary
Offline
Activity: 2632
Merit: 12888
BTC + Crossfit, living life.
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September 05, 2018, 02:08:45 PM |
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Easy choices for me ( don’t know Many of them probably need to explore a bit more ) But looking more foreward too break the 7.5k common BTC think of the good persons in here like BOBs man wanting to retire early and a few other's and JoJo thats going on a short break and was hoping to come back in GREEN numbers...... |
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elrippos friend
Full Member
Offline
Activity: 1179
Merit: 210
only hodl what you understand and love!
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September 05, 2018, 02:11:54 PM |
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Bitcoin Diamond #REKT  Nobody cares about that shitcoin. If you want gold for BTC go to vaultoro |
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elrippos friend
Full Member
Offline
Activity: 1179
Merit: 210
only hodl what you understand and love!
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September 05, 2018, 02:13:27 PM |
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Haaaahaaaa |
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El duderino_
Legendary
Offline
Activity: 2632
Merit: 12888
BTC + Crossfit, living life.
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September 05, 2018, 02:24:25 PM |
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 thought this one was funny get REKT ETH  |
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Wekkel
Legendary
Offline
Activity: 3108
Merit: 1531
yes
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September 05, 2018, 02:26:50 PM |
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Now comes the hard question: still bullish as f* with a worldwide non-scalable 7tps global payment system or doubts who/what will be the future default decentralised payment network.
The latter would add to the scenario of a bull trap with a glide path towards sub $5,800.
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Totscha
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September 05, 2018, 02:28:20 PM |
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Once again HairyMaclairy's prediction was spot on... Who cares about Goldman Sachs? I don't... I copped some slight heat for calling a local bottom yesterday. But I think the thesis still stands with a local target of $7200 - $7300. Then pucker.  Update - still calling for a local target of $7200, to be followed by a burning sensation.  Don't ask me, I just work here. Target $7200.  Target still $7200 then revisit $5700.  |
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Totscha
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September 05, 2018, 02:35:34 PM |
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Now comes the hard question: still bullish as f* with a worldwide non-scalable 7tps global payment system or doubts who/what will be the future default decentralised payment network.
The latter would add to the scenario of a bull trap with a glide path towards sub $5,800.
I suggest you watch this little gem from Andreas https://www.youtube.com/watch?v=bFOFqNKKns0. TLDR: The internet has been failing to scale for the past 30 years, but it still works... |
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Rosewater Foundation
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September 05, 2018, 02:46:04 PM |
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Once again HairyMaclairy's prediction was spot on...
Yeah. That shit is really starting to piss me off. |
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infofront (OP)
Legendary
Offline
Activity: 2646
Merit: 2793
Shitcoin Minimalist
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September 05, 2018, 02:53:12 PM |
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Once again HairyMaclairy's prediction was spot on...
Yeah. That shit is really starting to piss me off. Maybe you can bribe him to make more bullish predictions. |
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Rosewater Foundation
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September 05, 2018, 02:55:36 PM |
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Once again HairyMaclairy's prediction was spot on...
Yeah. That shit is really starting to piss me off. Maybe you can bribe him to make more bullish predictions. Maybe you can shackle his ankles together and flog him. I'll be on the plank. |
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elrippos friend
Full Member
Offline
Activity: 1179
Merit: 210
only hodl what you understand and love!
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September 05, 2018, 02:58:25 PM |
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Once again HairyMaclairy's prediction was spot on...
Yeah. That shit is really starting to piss me off. Maybe you can bribe him to make more bullish predictions. Maybe you can shackle his ankles together and flog him. I'll be on the plank. Guys, why are you so hostile |
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crypmike
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September 05, 2018, 02:59:01 PM |
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Network fundamentals have slowly started to turn the corner since April, as the need for network scalability has ebbed since December. Increasing transaction Batching, SegWit adoption, and Lightning Network use all represent improved network efficiency compared to one year ago. The continued rise in hash rate also suggests the network is more secure than ever from attempts at reversing transactions or double-spending coins. Bitcoin has also been increasingly in the public eye, with ongoing adoption in Asia, and emerging markets Turkey and Venezuela, out of necessity.
Technicals show a strong chance of a continued march towards US$11,000 in the coming weeks as suggested by the Wyckoff roadmap. In the near term, a pause or pullback to ~US$7,000 is likely due to weakening bullish momentum on lower timeframes. Ongoing substantial short open interest will provide fuel to create explosive moves higher.https://bravenewcoin.com/news/bitcoin-price-analysis-turning-the-corner/ |
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