Fatman3001
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Make Bitcoin glow with ENIAC
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December 05, 2015, 07:48:41 PM |
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The wealthy are mostly concerned with shielding their capital from dirty regulators hands and oversight. Bitcoin offers unparalleled value in that regard.
hmmmm... -.-- --- ..- / .- .-. . / .- -. / .. -.. .. --- -The wealthy tend to prefer tax avoidance rather than tax evasion.
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r0ach
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December 05, 2015, 07:50:45 PM |
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hmmmm...
-.-- --- ..- / .- .-. . / .- -. / .. -.. .. --- -
The wealthy tend to prefer tax avoidance rather than tax evasion.
Yea, so now they'll use a London trust denominated in Bitcoin for both at the same time. (Rockefellers, Rothschilds, etc)
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brg444
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December 05, 2015, 07:52:52 PM |
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Restricted space => creates fee competition => dust will become non-economically viable to move around.
Restricted space => fee competition More adoption+fee competition => expensive fees Expensive fees => stalled adoption Stalled adoption => declining interest Declining interest => what are we even trying to do here? This, however, is not a description of how bitcoin will fail but how bigger blocks are inevitable. I suggest you go back and reread what Jorge wrote also. He describes well how the block size limit encourages attacks on Bitcoin Also, it is not on developers to be setting up fee markets. It should be the realm of, well, the market. Not all Bitcoin users are created equal. Not all individuals have the same financial pain threshold. Expensive fees might deter direct adoption of Bitcoin by less financially priviledged persons but has absolutely no impact for the faction of individuals controlling the largest portion of monetary wealth worldwide. Contrary to popular belief Bitcoin's immediate target market is NOT mainstream consumers. no it impacts the financially privileged as well, they can no longer speculate bitcoin will be currency. Nonsense. Bitcoin is not limited to its blockchain and the obvious end game for transactional uses are open payment networks like Lightning. The wealthy are mostly concerned with shielding their capital from dirty regulators hands and oversight. Bitcoin offers unparalleled value in that regard. Such a strange fantasy world you erect around yourself... Titans of industry, meeting in back alleys or smoke filled basements to buy thousands of bitcoin... (surely they wouldn't send fiat wires to regulated exchanges that will have their identity and amounts on file, along with the addresses those coins were removed to.) Good one. Of course everyone knows BitFinex is where whales meet to exchange large lots of coins edit: speaking of Popescu.... I don't think it's either practical nor feasible nor even desirable to use Bitcoin in the day to day dabble of pizzas, phone credits, hairspray and sneakers. People try to, because of the misguided belief that Bitcoin value is somehow related to or deriving from its crossection in the retail market. This happens to be completely untrue : you can't buy any pizza with SDRs, and yet that doesn't somehow make SDRs worthless. The belief itself may be a case of "everything appears a nail to the man holding a hammer", in the sense that people who have never interracted with any other aspect of economy besides the supermarket counter may genuinely imagine that's what economy is. Still, that makes no difference.
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ChartBuddy
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December 05, 2015, 08:01:19 PM |
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ChartBuddy
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December 05, 2015, 09:01:15 PM |
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Cconvert2G36
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December 05, 2015, 09:13:14 PM |
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edit: speaking of Popescu.... I don't think it's either practical nor feasible nor even desirable to use Bitcoin in the day to day dabble of pizzas, phone credits, hairspray and sneakers. People try to, because of the misguided belief that Bitcoin value is somehow related to or deriving from its crossection in the retail market. This happens to be completely untrue : you can't buy any pizza with SDRs, and yet that doesn't somehow make SDRs worthless. The belief itself may be a case of "everything appears a nail to the man holding a hammer", in the sense that people who have never interracted with any other aspect of economy besides the supermarket counter may genuinely imagine that's what economy is. Still, that makes no difference. "Interraction" with the economy... like exchanging shares of blogs and gambling sites with other titans? Peer to Peer Electronic Cash System vs Peer to Peer Electronic Wealth Storage System
I think we've distilled it down. I also think it can be both, but the former facilitates the latter.
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brg444
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December 05, 2015, 09:22:14 PM |
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edit: speaking of Popescu.... I don't think it's either practical nor feasible nor even desirable to use Bitcoin in the day to day dabble of pizzas, phone credits, hairspray and sneakers. People try to, because of the misguided belief that Bitcoin value is somehow related to or deriving from its crossection in the retail market. This happens to be completely untrue : you can't buy any pizza with SDRs, and yet that doesn't somehow make SDRs worthless. The belief itself may be a case of "everything appears a nail to the man holding a hammer", in the sense that people who have never interracted with any other aspect of economy besides the supermarket counter may genuinely imagine that's what economy is. Still, that makes no difference. "Interraction" with the economy... like exchanging shares of blogs and gambling sites with other titans? Peer to Peer Electronic Cash System vs Peer to Peer Electronic Wealth Storage System
I think we've distilled it down. I also think it can be both, but the former facilitates the latter.
I'm not even sure if you're trolling or actually stupid... maybe just shortsighted. There's a time for everything. While Bitcoin is doing the thing called price discovery any attempt to compare it to cash in terms of velocity and ease of exchange is positively retarded and shows an absolute lack of economic aptitude. "buttt bbbbbuttt buttt Satoshi told me I could send it all over the world NOW" Oh well.. if spending bitcoins makes you "warm and fuzzy" inside go right ahead...
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hdbuck
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December 05, 2015, 09:29:58 PM |
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edit: speaking of Popescu.... I don't think it's either practical nor feasible nor even desirable to use Bitcoin in the day to day dabble of pizzas, phone credits, hairspray and sneakers. People try to, because of the misguided belief that Bitcoin value is somehow related to or deriving from its crossection in the retail market. This happens to be completely untrue : you can't buy any pizza with SDRs, and yet that doesn't somehow make SDRs worthless. The belief itself may be a case of "everything appears a nail to the man holding a hammer", in the sense that people who have never interracted with any other aspect of economy besides the supermarket counter may genuinely imagine that's what economy is. Still, that makes no difference. "Interraction" with the economy... like exchanging shares of blogs and gambling sites with other titans? Peer to Peer Electronic Cash System vs Peer to Peer Electronic Wealth Storage System
I think we've distilled it down. I also think it can be both, but the former facilitates the latter.
I'm not even sure if you're trolling or actually stupid... maybe just shortsighted. There's a time for everything. While Bitcoin is doing the thing called price discovery any attempt to compare it to cash in terms of velocity and ease of exchange is positively retarded and shows an absolute lack of economic aptitude. "buttt bbbbbuttt buttt Satoshi told me I could send it all over the world NOW" Oh well.. if spending bitcoins makes you "warm and fuzzy" inside go right ahead... They still cant figure bigger blocks leads to no peers to peer.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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December 05, 2015, 09:33:48 PM |
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how are we going to use BTC Market's information in order to determine whether to buy more, sell more or hodl?
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BTC_Markets
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December 05, 2015, 09:45:53 PM |
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how are we going to use BTC Market's information in order to determine whether to buy more, sell more or hodl?
BitcoinMarkets Flair Δ is comprised of reddit users, generally emotional but react quickly to change in macro and news. The sentiment actually tracks *changes* in sentiment, meaning how many people switched from bullish to bearish (and vice-versa) in the past 24 hours. A high long percentage for example would indicate that people think we've reached a bottom, that we've broken out, that we've been dumping for too long, or some kind of macro-catalyst just came out. OKCoin Elite Traders are the top 100 trader positions on OKCoin spot. This doesn't indicate how big each position is, but just whether the trader is long or short. OKCoin Futures Position Ratio indicates position sizes for longs and shorts. A 30% vs 40% sentiment means there is 33% more short capital than long capital. This can be useful to predict potential short and long squeezes. Bitfinex (24h) gives a quantitative measure of rolling longs/shorts on Bitfinex over the past 24 hours. Whaleclub.co Top Traders indicates how many traders are long vs short on Whaleclub.co and filters to include only the top 100 traders over the past quarter. It does not take into account position sizes, similarly to the OKCoin Elite Traders sentiment indicator. So this should give you a bird's eye view of where market participants stand and combined with price and trend data can be very useful in building accurate trade setups.
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brg444
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December 05, 2015, 09:47:44 PM |
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... There's a time for everything. While Bitcoin is doing the thing called price discovery any attempt to compare it to cash in terms of velocity and ease of exchange is positively retarded and shows an absolute lack of economic aptitude.
"buttt bbbbbuttt buttt Satoshi told me I could send it all over the world NOW"
Oh well.. if spending bitcoins makes you "warm and fuzzy" inside go right ahead...
I agree. For now, Bitcoin is useless as money. As are Beanie Babies. OTOH, both could be used as "stores of value." When pitching BTC to the neighbor you've trapped in the elevator, make sure not to bring up the fact that Bitcoins have lost 2/3rds of the value they were storing over the last 2 years, while Beanies did not. Original Bitcoin collectors are enjoying tremendous returns Didn't you get humiliated enough by oda.krell last time you recycled this trolling point? Or did you miss the part where I mention "price discovery"? So, realistically, you had about 1 year of time to buy at a "loss" compared to current prices, between Nov. 2013 and Nov. 2014. Buying at any other time means you're not in the red, and, in fact, made a profit (on paper, assuming you're long)
Jesus Lambie, you've really become a weak, washed-up version of yourself "Looking like Larry Holmes, flabby and sick"
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peonminer
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December 05, 2015, 09:51:49 PM |
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Looks like Tamri and MattTheCat are still trading. 4.9% shorters. Good luck.
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Cconvert2G36
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December 05, 2015, 09:55:00 PM |
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Original Bitcoin collectors are enjoying tremendous returns Worthy of emulation, right? So, realistically, you had about 1 year of time to buy at a "loss" compared to current prices, between Nov. 2013 and Nov. 2014. Buying at any other time means you're not in the red, and, in fact, made a profit (on paper, assuming you're long)
Date Registered: February 16, 2014, 06:46:12 PM
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brg444
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December 05, 2015, 10:00:36 PM |
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Original Bitcoin collectors are enjoying tremendous returns Worthy of emulation, right? So, realistically, you had about 1 year of time to buy at a "loss" compared to current prices, between Nov. 2013 and Nov. 2014. Buying at any other time means you're not in the red, and, in fact, made a profit (on paper, assuming you're long)
Date Registered: February 16, 2014, 06:46:12 PM I know, it's a shame you've been here 2 years longer than me yet can't seem to grasp the most simple concepts
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ChartBuddy
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December 05, 2015, 10:00:57 PM |
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Hyperjacked
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It's all mathematics...!
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December 05, 2015, 10:05:02 PM |
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Cool! Thanks for posting. I hope you keep posting on a regular basis! It's valuable info...
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Fatman3001
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Make Bitcoin glow with ENIAC
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December 05, 2015, 10:16:21 PM |
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Original Bitcoin collectors are enjoying tremendous returns Worthy of emulation, right? So, realistically, you had about 1 year of time to buy at a "loss" compared to current prices, between Nov. 2013 and Nov. 2014. Buying at any other time means you're not in the red, and, in fact, made a profit (on paper, assuming you're long)
Date Registered: February 16, 2014, 06:46:12 PM I know, it's a shame you've been here 2 years longer than me yet can't seem to grasp the most simple concepts ech... who cares? Bitcoin XT is winning now that Gavin Andresen is at the helm. I'm actually curious to see if you and hdbuck will keep bitching on about this stupidity when it's all over.
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nioc
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December 05, 2015, 10:20:51 PM |
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edit: speaking of Popescu.... I don't think it's either practical nor feasible nor even desirable to use Bitcoin in the day to day dabble of pizzas, phone credits, hairspray and sneakers. People try to, because of the misguided belief that Bitcoin value is somehow related to or deriving from its crossection in the retail market. This happens to be completely untrue : you can't buy any pizza with SDRs, and yet that doesn't somehow make SDRs worthless. The belief itself may be a case of "everything appears a nail to the man holding a hammer", in the sense that people who have never interracted with any other aspect of economy besides the supermarket counter may genuinely imagine that's what economy is. Still, that makes no difference. "Interraction" with the economy... like exchanging shares of blogs and gambling sites with other titans? Peer to Peer Electronic Cash System vs Peer to Peer Electronic Wealth Storage System
I think we've distilled it down. I also think it can be both, but the former facilitates the latter.
I'm not even sure if you're trolling or actually stupid... maybe just shortsighted. There's a time for everything. While Bitcoin is doing the thing called price discovery any attempt to compare it to cash in terms of velocity and ease of exchange is positively retarded and shows an absolute lack of economic aptitude. "buttt bbbbbuttt buttt Satoshi told me I could send it all over the world NOW" Oh well.. if spending bitcoins makes you "warm and fuzzy" inside go right ahead... FWIW the reason I found btc almost 3 years ago was not only because of it's usefulness as a currency that I could send anywhere NOW but especially that I could receive it NOW. It's not an either or proposition.
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Hyperjacked
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It's all mathematics...!
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December 05, 2015, 10:24:46 PM |
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Well the 4hr inverse head an shoulders did not breakout...
Back to the tight range game!
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