Wekkel
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yes
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January 12, 2019, 02:45:53 PM |
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Macleod with a short history of the euro. Probably well known already among readers here but nonetheless a good summary: https://www.goldmoney.com/research/goldmoney-insights/the-tragedy-of-the-euroHint: continued failure of fiat currencies = bullish for crypto. Can only banks start a Lightning Network Node? Can only banks validate LN transactions?
Can YOU create a fucking branch bank right now? NO. No need to swear. You need massive capital, lawyers, govt connections, and everything else. All of the same rules will apply to Lightning nodes, just NOT DAY ONE. Stop playing dumb. Those regulations and red tape (AML/KYC) will lock out any wildcat nodes and the only ones will be run by people like Bank of America and Goldman Sachs.
Anything that has an easily identifiable physical or digital surface attack vector will be enveloped by the current system. Claiming you're going to run a wildcat Lightning node is like claiming you're going to be some type freelance illegal porn distributor and the FBI is not going to kick in your door. If you're capable of putting 1+1 together, shilling for Lightning is like shilling directly for Goldman Sachs.
You seem to imply that government can (and will) shutdown LN nodes unless they have been vetted and are licensed. Wouldnt the same be true for Bitcoin nodes? In other words: are you arguing that the government can feasibly block Bitcoin and LN networks ?
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xhomerx10
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Activity: 3990
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January 12, 2019, 02:49:40 PM |
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Had my 24 word seed tattooed along my penis, the burglar will have to impress me somehow before they can steal it.
The average word length for BIP39 seeds is 6.4 characters according to my extensive -1 sample. (10 lines) Some definitions and assumptions:- The standard character size for text is 12 DTP-Point (abbreviated pt.)
- ONE pt. = 1/72 of an inch
- Twenty-four seed @ average word length of 6.4
Calculation:24 (words) X 6.4 (chars/word) X 12 pt X 72 -1 in./pt. = 25.6 inches Conclusion: Seed word tattoo is split into two lines
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Globb0
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Free spirit
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That way I could only show each tattooist 5" for opsec
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kurious
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January 12, 2019, 02:51:18 PM |
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So, while things are not in the bull zone yet, do you not think it 'possible' (as my hopium-addled brain thinks) that this is finally the beginning of the end?
Yes it is definitely the beginning of the end. The problem is, "the end" is quite a large mind space. It will likely take up most or all of the 2019 calendar year. Personally, I am thinking a dull sideways, but slowly upward grind (sure, with fits and starts) from here to the end of this year. Not a bull run yet - but past the definitive end of the bear market.
Too optimistic for me. We have no foundations on which to build a bull run yet. And we need to break the bearline. Those foundations could form tomorrow, but they are missing for now. I think too many people would rather buy at 3XXX and risk it dipping than be forced to buy at 4K or 5K if Bitcoin has a French Weekend when they aren't watching. Yes, it is critically important to be hedged against the upside. If there is to be a new ATH, according to pattern - with the order of increase we saw between the last two, then (to extrapolate) what is the difference buying at 3K or 2K if it might hit 50K inside 2 years?
I have said before, we could hit $280k by December 2021. I still think this is possible. Thanks for the reply Hairy, I don't disagree with you. Other than 'the beginning of the end' I wasn't being so optimistic, I don't think anything like a real bull run can happen this year. But even 2015, which memories think dull, saw a near trebling of the price from the Jan low by EOY. The 200MA wasn't broken, but it was perfectly touched a few weeks back. One more try? Possibly - but even then I reckon it will probably hold, if so... the end of the beginning is confirmed.
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criptix
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Activity: 2464
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January 12, 2019, 02:55:06 PM |
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Had my 24 word seed tattooed along my penis, the burglar will have to impress me somehow before they can steal it.
The average word length for BIP39 seeds is 6.4 characters according to my extensive -1 sample. (10 lines) Some definitions and assumptions:- The standard character size for text is 12 DTP-Point (abbreviated pt.)
- ONE pt. = 1/72 of an inch
- Twenty-four seed @ average word length of 6.4
Calculation:24 (words) X 6.4 (chars/word) X 12 pt X 72 -1 in./pt. = 25.6 inches Conclusion: Seed word tattoo is split into two lines Or globb is a pornstar with the biggest dick ever
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El duderino_
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BTC + Crossfit, living life.
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January 12, 2019, 02:56:33 PM |
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That way I could only show each tattooist 5" for opsec
hahaha perfect COUNTER but nice calculation by XhomerX
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d_eddie
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January 12, 2019, 03:21:57 PM |
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Without going through the whole shebang, it's not even easy to tell if it's supposed to be settled in kind or not.
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wachtwoord
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January 12, 2019, 04:06:41 PM |
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If you pay the fee your transaction will be included in the Blockchain. If that fee is the equivalent of $0.10, $1, $10, $100, $1000 or more that simply reflects the value of being able to place a transaction on the Bitcoin blockchain.
What is the purpose of bitcoin if transaction fees went to $1000? It's mostly a fucking interbank settlement tool and that's it. The banks would also get rid of it and use their own proprietary settlement tool or token as well. You have to keep in mind that unlike a bank to peon citizen transaction, in interbank settlement they are NOT attempting to rip each other off (usually), so each party would demand an actual real payment and they would use physical metals for settlement like they always do. The other side wouldn't want or accept an imaginary, valueless, digital token as collateral for anything. The most secure store of wealth with the lowest third party dependency and highest censorship resistance in history. Frankly I see transaction fees in the 5-figures of 2019 USD equivalent a few decades in the future.
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Torque
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January 12, 2019, 04:17:03 PM |
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Physical metals, on the other hand, DO NOT have built-in middlemen like bitcoin and the current banking system do.
Fuck yes they do If I attempt to spend a bitcoin, I am involuntarily making someone else rich in the process - the designed to centralize, built-in middlemen mining monopoly or lightning node monopoly. If I attempt to spend a gold, silver, or copper coin, NOBODY else is profiting off my transaction and sucking up all wealth in the universe in the process.
What is the purpose of bitcoin if transaction fees went to $1000?
Try "transacting" in gold or silver across the world for a good or service. Tally up all the usury 'middle men' fees for courier services, vault storage fees, customs fees, armored car services, boat, plane, armed guards, whatever. WELL over $1000+ for a single transaction, even way higher depending on the amount of PM $$$ involved. MANY people are profiting off of your transaction and getting rich. And many points along the path to destination where your PMs can go "missing". Do you even listen to your own deluded bullshit you spew, r0ach?
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El duderino_
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BTC + Crossfit, living life.
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January 12, 2019, 04:41:10 PM |
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^ I always have my crew an cutting machinery to prepare my GOLD and SILVER @ anytime so I have them in all kind of pieces and I have to transact all over the world WTF is the problem? didn't you read I make them in all sizes I want and just mail them all over the globe so what the F*** is your problem man if you have anything better I'm open for all but I doubt sincerely
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realr0ach
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#TheGoyimKnow
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January 12, 2019, 04:52:20 PM |
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Physical metals, on the other hand, DO NOT have built-in middlemen like bitcoin
Fuck yes they do No, they do not, and you just make yourself look like a lying scammer every time you post nonsense like this. If I have a gold or silver coin in my hand and want to buy my neighbor's lawnmower, the transaction is completed and done involving only two parties. If I want to buy my neighbor's lawnmower using bitcoin, I have to ask permission to a centralized miner if he will allow my transaction to take place at all or if he will blacklist my non-fungible token, then pay him an extortion fee to do the transaction. There are more than two parties involved in the bitcoin transaction because bitcoin has built-in middlemen. It doesn't matter how fucking stupid you are, or how much bitcoin propaganda and cultist koolaid you have drank from people like Andreas Antonoplous, you cannot even fool a 10 year old with your lies and claim there are only two parties involved in that bitcoin transaction. There's technically not just three people, but even more than three in the bitcoin transaction because it requires nodes behaving in a manner conducive to your wants and such as well. So the lower bound of people involved in a bitcoin transaction is three, but the upper bound is much higher, aka bitcoin has a metric fuck ton of counterparty risk and middlemen while metals don't.
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bitserve
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Self made HODLER ✓
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January 12, 2019, 05:02:15 PM |
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And what about the spread of PM's.... you buy some gold/silver today and you sell it tomorrow to someone else losing like 20%. And that is in ideal circumstances. WTF?!
I like PM's, they did fill some niche in the recent past, but I don't see them in the future at all or maybe just as a way smaller niche.
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realr0ach
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January 12, 2019, 05:08:37 PM |
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^Whatever spread you convert fiat dollars to metals with has absolutely zero to do with what I just typed. Why would you have fiat dollars in the first place? You're trying to pretend it's somehow a requirement that everyone on earth must willingly subjugate themselves to the debt based, Jewish fiat Ponzi scam. If you did not, there would be no conversion fee in the first place...because you would already be using metals. If you did fall for the Jewish fiat scam, then yes, you will probably need to convert over with a one time fee.
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VB1001
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<<CypherPunkCat>>
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January 12, 2019, 05:09:56 PM |
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Do not insist more, do not understand that BTCitcoin is not a currency, BTCitcoin is an asset.
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realr0ach
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January 12, 2019, 05:17:41 PM |
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Do not insist more, do not understand that BTCitcoin is not a currency, BTCitcoin is an asset. It doesn't have the attributes to qualify as money. It's a currency. Asset typically refers to things like resources, property/land, a cow, a car, etc. Bitcoin is not a resource, and it's not a house or land or anything similar. It does not exist in the real world so it does not fit the classification of asset. It's just a currency and nothing more. Why are you trying to confuse people with bullshit?
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El duderino_
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BTC + Crossfit, living life.
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January 12, 2019, 05:18:11 PM |
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Physical metals, on the other hand, DO NOT have built-in middlemen like bitcoin
Fuck yes they do No, they do not, and you just make yourself look like a lying scammer every time you post nonsense like this. If I have a gold or silver coin in my hand and want to buy my neighbor's lawnmower, the transaction is completed and done involving only two parties. If I want to buy my neighbor's lawnmower using bitcoin, I have to ask permission to a centralized miner if he will allow my transaction to take place at all or if he will blacklist my non-fungible token, then pay him an extortion fee to do the transaction. There are more than two parties involved in the bitcoin transaction because bitcoin has built-in middlemen. It doesn't matter how fucking stupid you are, or how much bitcoin propaganda and cultist koolaid you have drank from people like Andreas Antonoplous, you cannot even fool a 10 year old with your lies and claim there are only two parties involved in that bitcoin transaction. There's technically not just three people, but even more than three in the bitcoin transaction because it requires nodes behaving in a manner conducive to your wants and such as well. So the lower bound of people involved in a bitcoin transaction is three, but the upper bound is much higher, aka bitcoin has a metric fuck ton of counterparty risk and middlemen while metals don't. if I have a printed code.... with the exact amount of BTC on it then I could transact just as easy as you with your coin in your hand .....
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realr0ach
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#TheGoyimKnow
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January 12, 2019, 05:21:20 PM |
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Physical metals, on the other hand, DO NOT have built-in middlemen like bitcoin
Fuck yes they do No, they do not, and you just make yourself look like a lying scammer every time you post nonsense like this. If I have a gold or silver coin in my hand and want to buy my neighbor's lawnmower, the transaction is completed and done involving only two parties. If I want to buy my neighbor's lawnmower using bitcoin, I have to ask permission to a centralized miner if he will allow my transaction to take place at all or if he will blacklist my non-fungible token, then pay him an extortion fee to do the transaction. There are more than two parties involved in the bitcoin transaction because bitcoin has built-in middlemen. It doesn't matter how fucking stupid you are, or how much bitcoin propaganda and cultist koolaid you have drank from people like Andreas Antonoplous, you cannot even fool a 10 year old with your lies and claim there are only two parties involved in that bitcoin transaction. There's technically not just three people, but even more than three in the bitcoin transaction because it requires nodes behaving in a manner conducive to your wants and such as well. So the lower bound of people involved in a bitcoin transaction is three, but the upper bound is much higher, aka bitcoin has a metric fuck ton of counterparty risk and middlemen while metals don't. if I have a printed code.... with the exact amount of BTC on it then I could transact just as easy as you with your coin in your hand ..... Well, it was a nice try, higher than normal 80 IQ Micgoosen's posts, but sadly an off-chain transaction does not count because the other party has no way to verify that only he has the private key and will not be double spent, so no real settlement has actually taken place.
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El duderino_
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BTC + Crossfit, living life.
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January 12, 2019, 05:25:12 PM |
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^ its higher as 80, less then 167 and with my FIAT euro's, dollars I can also pay and receive immediately (BUT WHAT ARE THEY WORTH )
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Torque
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January 12, 2019, 05:25:45 PM |
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Physical metals, on the other hand, DO NOT have built-in middlemen like bitcoin
Fuck yes they do No, they do not, and you just make yourself look like a lying scammer every time you post nonsense like this. If I have a gold or silver coin in my hand and want to buy my neighbor's lawnmower, the transaction is completed and done involving only two parties. If I want to buy my neighbor's lawnmower using bitcoin, I have to ask permission to a centralized miner if he will allow my transaction to take place at all or if he will blacklist my non-fungible token, then pay him an extortion fee to do the transaction. There are more than two parties involved in the bitcoin transaction because bitcoin has built-in middlemen. I hope your next door neighbor: 1) Likes you enough to even want to transact with you 2) Wants your gold or silver 3) Has proper change for you when you buy 2 eggs from him for a gold coin, or you're fucked 4) Has a warehouse full of Amazon goods (that you need) in his backyard, because the "next door neighbor transaction" scenario is the only fucking example that you hang the hat of your entire argument upon. Your argument falls apart completely when talking about transactions outside of your own "neighborhood", like the next city or state over, or across the world.
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