Bitcoin Forum
December 05, 2016, 02:39:17 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: Nagle's Favorite Chart  (Read 2918 times)
BTCurious
Hero Member
*****
Offline Offline

Activity: 714


^SEM img of Si wafer edge, scanned 2012-3-12.


View Profile
December 07, 2011, 10:03:10 AM
 #21

It is not clear how it will play out, but as I have been saying new lows will be set, and each week's highs will again fail to meet the last week's.
This hasn't been true for over a month now.

1480905557
Hero Member
*
Offline Offline

Posts: 1480905557

View Profile Personal Message (Offline)

Ignore
1480905557
Reply with quote  #2

1480905557
Report to moderator
1480905557
Hero Member
*
Offline Offline

Posts: 1480905557

View Profile Personal Message (Offline)

Ignore
1480905557
Reply with quote  #2

1480905557
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480905557
Hero Member
*
Offline Offline

Posts: 1480905557

View Profile Personal Message (Offline)

Ignore
1480905557
Reply with quote  #2

1480905557
Report to moderator
cbeast
Donator
Legendary
*
Offline Offline

Activity: 1722

Let's talk governance, lipstick, and pigs.


View Profile
December 07, 2011, 11:08:42 AM
 #22

People do realize that the term bubble is just a hypothesis, right? I mean, we're not talking about terms in physics. It's a hypothesis based on observation of human behavior. Bubbles and waves form due to (mostly) predictable factors. I think it's safe to say that technology developments will lead to usefulness and growth in value of bitcoin. That really can't be said about gold and silver. So why the speculation on Bitcoin, when it is a sure thing? Isn't it better to spend time, money, and effort developing the technology? The bubbles and waves are simply not going to be the same in Bitcoin as in other speculative investments that only have scarcity going for them.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
ElectricMucus
Legendary
*
Offline Offline

Activity: 1540


Drama Junkie


View Profile
December 07, 2011, 11:21:59 AM
 #23

Bitcoin is a brand of a particular technology.
Do the 'Math'...

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
cbeast
Donator
Legendary
*
Offline Offline

Activity: 1722

Let's talk governance, lipstick, and pigs.


View Profile
December 07, 2011, 12:21:16 PM
 #24

Bitcoin is a brand of a particular technology.
Do the 'Math'...

Correct. What's your point?

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
ElectricMucus
Legendary
*
Offline Offline

Activity: 1540


Drama Junkie


View Profile
December 07, 2011, 12:29:34 PM
 #25

Bitcoin is a brand of a particular technology.
Do the 'Math'...

Correct. What's your point?

Bitcoin will have sentimental value down the road, but it will not reach critical mass. Just like Sinclair, Commodore, Amiga, MSX... etc

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
cbeast
Donator
Legendary
*
Offline Offline

Activity: 1722

Let's talk governance, lipstick, and pigs.


View Profile
December 07, 2011, 12:39:04 PM
 #26

Bitcoin is a brand of a particular technology.
Do the 'Math'...

Correct. What's your point?

Bitcoin will have sentimental value down the road, but it will not reach critical mass. Just like Sinclair, Commodore, Amiga, MSX... etc

Those examples were not insignificant, but I still don't follow. Do you not see the practical and unique value in Bitcoin? Or are you saying that entropy will someday make everything just a waste of time?

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
BadBear
v2.0
Administrator
Legendary
*
Offline Offline

Activity: 1652



View Profile WWW
December 07, 2011, 12:52:29 PM
 #27

From his examples I'm guessing he means it's cool and useful, but likely won't see widespread adoption.  I know most here would like to see countries using it and the banks burn, but it's probably not gonna happen.  Most people are fine with the status quo, and hate change/things they don't understand. 
  

1Kz25jm6pjNTaz8bFezEYUeBYfEtpjuKRG | PGP: B5797C4F

Tired of annoying signature ads? Ad block for signatures
markm
Legendary
*
Offline Offline

Activity: 1778



View Profile WWW
December 07, 2011, 12:55:12 PM
 #28

I get the impression we are intended to deduce that even if iCoin, gCoin, PepsiCoin and so on are created identical to Bitcoin in all things other than who signed their genesis block and when, they will take off better than Bitcoin if only because they are more-famous brands than the bitcoin brand.

-MarkM-

Browser-launched Crossfire client now online (select CrossCiv server for Galactic  Milieu)
Free website hosting with PHP, MySQL etc: http://hosting.knotwork.com/
BadBear
v2.0
Administrator
Legendary
*
Offline Offline

Activity: 1652



View Profile WWW
December 07, 2011, 12:57:05 PM
 #29

Yes any major player who is going to adopt it is likely to make their own.  With "minor" changes of course. 

1Kz25jm6pjNTaz8bFezEYUeBYfEtpjuKRG | PGP: B5797C4F

Tired of annoying signature ads? Ad block for signatures
cbeast
Donator
Legendary
*
Offline Offline

Activity: 1722

Let's talk governance, lipstick, and pigs.


View Profile
December 07, 2011, 01:01:35 PM
 #30

I get the impression we are intended to deduce that even if iCoin, gCoin, PepsiCoin and so on are created identical to Bitcoin in all things other than who signed their genesis block and when, they will take off better than Bitcoin if only because they are more-famous brands than the bitcoin brand.

-MarkM-


Yet people still drink Coke even if it fails the taste test.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
ElectricMucus
Legendary
*
Offline Offline

Activity: 1540


Drama Junkie


View Profile
December 07, 2011, 01:32:54 PM
 #31

I don't think there will be a bunch of different blockchain based currencies in the long road, mid term, yes there could be successful derivatives but that's not something I think will be something sustainable.

I see bitcoin a pioneer project, and after enough derivatives offer significant improvements a standardization will merge the impovements back together creating something which can eventually become the new system.
Most of these issues are yet to become apparent but some of them have already been formulated.

Going into them would derail the discussion.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
Technomage
Legendary
*
Offline Offline

Activity: 1610


Affordable Physical Bitcoins - Denarium.com


View Profile WWW
December 07, 2011, 01:49:24 PM
 #32

I see a number of possibilities for the future, but the most likely scenario is that Bitcoin is here to stay. It makes no sense for any big player to make their own decentralized currency and then market it over Bitcoin, because there is nothing to gain. And if there is something to gain, then there is something wrong, and it won't work. What we will see is competing cryptocurrencies, this is already happening. But the thing is, Bitcoin is 100 times bigger than the next biggest fork and I see this gap getting bigger next year, not smaller.

Unless the alternatives can come up with something that really makes Bitcoin useless, I can see no way that they can overtake Bitcoin from a marketing perspective. I don't believe any claims that Bitcoin has fundamental flaws, it doesn't. From a security perspective, the network will get ever more secure the bigger Bitcoin gets and it's already very secure.

As far as scaling the system for widespread use, no problem there either. Problems related to large blockchain and bandwidth/cpu requirements are a non-issue. That's already been solved with clients that have a server protocol for handling the transactions. The private key is stored with the client to have the same security features as a regular client but it has none of the bandwidth/cpu requirements of a regular client. On top of this, the developers of the official client have stated that this issue is one of their priorities.

I am a bit concerned that so many are still happy to mine in super massive pools such as Deepbit, the ddos attacks should have taught us something. This is a security concern for the network as long as the mining is as centralized as it is. Everyone should think about this and consider changing to one of the smaller pools so we have less centralization.

Denarium - Leading Physical Bitcoin Manufacturer - Special Xmas deals now live!
ineededausername
Hero Member
*****
Offline Offline

Activity: 784


bitcoin hundred-aire


View Profile
December 07, 2011, 02:07:05 PM
 #33

REAL REVERSAL GUYS BUY BUY BUY

IF YOU BUY THIS SHIT YOU WILL BECOME A MILLIONAIRE AND EVERYTHING WILL BE NICE AND RAINBOWS WILL POP UP AND YOU WILL BUY A MANSION AND A JET WITH THE PROFITS SO BUY BUY BUY BUY BUY

(BFL)^2 < 0
dree12
Legendary
*
Offline Offline

Activity: 1232



View Profile
December 08, 2011, 01:44:24 AM
 #34

I wake up and see nobody has detected an inch of sarcasm :/. I hate to frame people, but this is what I meant...


Mt. Gox, last 4 months. Again a gradual slow slide.
As usual, we have a gradual slow slide, characteristic of a classic bubble. We are now in the endgame. It is not clear how it will play out, but as I have been saying new lows will be set, and each week's highs will again fail to meet the last week's.

As I've been saying, if you aren't out yet, get out now. These exchanges will soon turn out scams as the value continues to drop. Bitcoin is too subordinate to ever meet its original purpose.
ineededausername
Hero Member
*****
Offline Offline

Activity: 784


bitcoin hundred-aire


View Profile
December 16, 2011, 08:43:07 PM
 #35



Price is going to go DOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOWN soon.
or it's a real reversal?

edit: REAL REVERSAL GUYS BUY BUY BUY

IF YOU BUY THIS SHIT YOU WILL BECOME A MILLIONAIRE AND EVERYTHING WILL BE NICE AND RAINBOWS WILL POP UP AND YOU WILL BUY A MANSION AND A JET WITH THE PROFITS

Wonder what Nagle's thinking, now that his nice bearish brown line is going up  Roll Eyes

(BFL)^2 < 0
PatrickHarnett
Hero Member
*****
Offline Offline

Activity: 518



View Profile
December 16, 2011, 08:46:29 PM
 #36

What he's thinking is "I am right, it will eventually crash again, and I can post a /I told you so/ later".
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!