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Question: Will you support Gavin's new block size limit hard fork of 8MB by January 1, 2016 then doubling every 2 years?
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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1806966 times)
Wekkel
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August 09, 2014, 06:39:24 PM
 #10401

Perhaps the hype in alts is still to come...

Like this post? you can tip me (BTC) 1LGi2DMhectdFSkBid5srrnHk8WHgD3V1d or very WoW (Doge) D9p6FZQb1sKkq9hApy4tnjSduYfdnc74bb
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Satoshi is no god. He did not come down from the mountain with 10 golden rules engraved in stone for no one to question.
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cypherdoc
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August 09, 2014, 06:45:09 PM
 #10402

A quick look at the charts show a steady decline of almost all of them.
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August 09, 2014, 06:58:39 PM
 #10403

A quick look at the charts show a steady decline of almost all of them.


Maybe I'll put together a site that charts only crypto-coins which have been around for 1yr+. Two columns: One for charts of coins that are trading for more BTC than 1yr ago, and the other for coins that are trading for less BTC than a year ago. Guess which column would be *overwhelmingly* longer... Maybe that'd make the point more obvious to some of the weaker minds out there.

Wait... Are there *ANY* coins more than a year old which are trading higher relative to BTC now vs 1yr ago?

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
Best info on Casascius coins: http://spotcoins.com/casascius
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August 09, 2014, 07:21:47 PM
 #10404

Like I said,  the majority of investors even in a promising investment space will lose money..... 

This is so real it makes me laugh every time I read it, it's crazy.

Still coins are distributing and that's growth, alts represent a Bitcoin distribution mechanism to the late innovators and a lesson in decentralized free markets for the people buying them.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
confirmation120
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August 09, 2014, 07:32:09 PM
 #10405

From the OP up to now, in terms of BTC/gold the price of gold has collapsed.

Good job guys.
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August 09, 2014, 07:35:07 PM
 #10406

A quick look at the charts show a steady decline of almost all of them.

I would have thought the same with LTC when miners started bailing out of Bitcoin after the halving. But what is happening in reality is a different segment in the global Bitcoin phenomenon, put to the extreme alts are a waste product of Bitcoin innovation  in a very dynamic environment the useful fuel for the The Rag and Bone-Men of the 21 century.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
cypherdoc
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August 09, 2014, 09:31:13 PM
 #10407

just look at the return on the different timeframes going back to 7d.  then look at the 365d charts:

molecular
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August 09, 2014, 10:36:29 PM
 #10408

Some things I don't quite get, though:

  • why does this require deterministic ordering of txs in mempool?
  • does this require that all txs a miner includes in a block are properly broadcast beforehand?
  • would this require a hardfork or can it be used off-chain (so to say) by a subgroup of willing miners?

1) This is needed to construct the merkle tree. Txs are grouped pairwise to build the nodes of the next level in the tree. The pairs are concatenated for the hashing, so the order is relevant. Currently the order is defined by the list of txs in the published block.

2) Yes, although I think the receiving miner could request missing tx(s).

3) To my understanding this does not need a hardfork, because the blocks are still built by the same rules.


Now I ask myself what happens in case of the remaining 1%? Maybe the failure rate can be reduced by publishing multiple lookup tables of the same set?

maybe the publishing miner can include the 1% explicitly (he can determine which ones are affected himself and include the remainder). This would destroy the "constant size" property, but it would lessen the propagation cost of block size by ~99%, right?


Ah, of course, this makes sense!

O(1) Block Propagation (gavin) clears up most questions I had.

The idea seems quite excellent to me now and I'm amazed by IBLT data structure. You can just subtract / add (or rather: union / complement) those in constant time. Amazing.

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cypherdoc
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August 09, 2014, 10:43:22 PM
 #10409

Grinding higher. Trying to slip out the door... 
STT
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August 10, 2014, 02:30:00 AM
 #10410

Quote
This is so real it makes me laugh every time I read it, it's crazy.

Thats a normal dynamic also, inventors of a product especially a new category dont tend to be the ones making the most money.  Its the developers and those who can apply the technology to society and sell it basically, otherwise all this clever stuff is just a diamond in the dirt passed over.
Now does seem the right time for innovation to be of use even these alt coins, as we have extreme radical elements in play for global currency.   Seems one of those periods in history for change, may you live in interesting times like the Chinese say (alledgely) :p

User705
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August 10, 2014, 06:23:04 AM
 #10411

Quote
This is so real it makes me laugh every time I read it, it's crazy.

Thats a normal dynamic also, inventors of a product especially a new category dont tend to be the ones making the most money.  Its the developers and those who can apply the technology to society and sell it basically, otherwise all this clever stuff is just a diamond in the dirt passed over.
Now does seem the right time for innovation to be of use even these alt coins, as we have extreme radical elements in play for global currency.   Seems one of those periods in history for change, may you live in interesting times like the Chinese say (alledgely) :p
thats allegedly a curse...
cypherdoc
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August 10, 2014, 09:01:49 AM
 #10412

https://twitter.com/cypherdoc2/status/498392594012196864
tabnloz
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August 10, 2014, 12:52:47 PM
 #10413

Interesting to note the gold bugs are converting.

Jeffrey Tucker puts it down to experiencing bitcoin; he related the story of being ridiculed by P Schiff for 18 months over his bitcoin stance until one day Schiff approached him, marvelling at how quick bitcoin transactions were completed and how it saved his company plenty on fee payments. Schiff had decided to accept bitcoin purely opportunistically to cash it out, but is now converted.

Wonder if this kind of story, multiplied across the market, will see an increased flow from gold to btc?
cypherdoc
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August 10, 2014, 04:13:42 PM
 #10414

Interesting to note the gold bugs are converting.

Jeffrey Tucker puts it down to experiencing bitcoin; he related the story of being ridiculed by P Schiff for 18 months over his bitcoin stance until one day Schiff approached him, marvelling at how quick bitcoin transactions were completed and how it saved his company plenty on fee payments. Schiff had decided to accept bitcoin purely opportunistically to cash it out, but is now converted.

Wonder if this kind of story, multiplied across the market, will see an increased flow from gold to btc?

Of course it would but, link please.
tabnloz
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August 10, 2014, 04:39:35 PM
 #10415

Interesting to note the gold bugs are converting.

Jeffrey Tucker puts it down to experiencing bitcoin; he related the story of being ridiculed by P Schiff for 18 months over his bitcoin stance until one day Schiff approached him, marvelling at how quick bitcoin transactions were completed and how it saved his company plenty on fee payments. Schiff had decided to accept bitcoin purely opportunistically to cash it out, but is now converted.

Wonder if this kind of story, multiplied across the market, will see an increased flow from gold to btc?

Of course it would but, link please.

OK, im not sure how far in it is but the whole segment is a good listen.

http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-134-disruptive-leaps
molecular
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August 10, 2014, 05:19:58 PM
 #10416

Interesting to note the gold bugs are converting.

Jeffrey Tucker puts it down to experiencing bitcoin; he related the story of being ridiculed by P Schiff for 18 months over his bitcoin stance until one day Schiff approached him, marvelling at how quick bitcoin transactions were completed and how it saved his company plenty on fee payments. Schiff had decided to accept bitcoin purely opportunistically to cash it out, but is now converted.

Wonder if this kind of story, multiplied across the market, will see an increased flow from gold to btc?

Of course it would but, link please.

OK, im not sure how far in it is but the whole segment is a good listen.

http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-134-disruptive-leaps

Tucker first mentions Schiff around 10:00, tells that story around 11:40

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
cypherdoc
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August 10, 2014, 05:32:09 PM
 #10417

Interesting to note the gold bugs are converting.

Jeffrey Tucker puts it down to experiencing bitcoin; he related the story of being ridiculed by P Schiff for 18 months over his bitcoin stance until one day Schiff approached him, marvelling at how quick bitcoin transactions were completed and how it saved his company plenty on fee payments. Schiff had decided to accept bitcoin purely opportunistically to cash it out, but is now converted.

Wonder if this kind of story, multiplied across the market, will see an increased flow from gold to btc?

Of course it would but, link please.

OK, im not sure how far in it is but the whole segment is a good listen.

http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-134-disruptive-leaps

now THAT is really good news. 

altho quite predictable.  Jim Rogers too.
cypherdoc
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August 10, 2014, 05:37:42 PM
 #10418

Interesting to note the gold bugs are converting.

Jeffrey Tucker puts it down to experiencing bitcoin; he related the story of being ridiculed by P Schiff for 18 months over his bitcoin stance until one day Schiff approached him, marvelling at how quick bitcoin transactions were completed and how it saved his company plenty on fee payments. Schiff had decided to accept bitcoin purely opportunistically to cash it out, but is now converted.

Wonder if this kind of story, multiplied across the market, will see an increased flow from gold to btc?

Of course it would but, link please.

OK, im not sure how far in it is but the whole segment is a good listen.

http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-134-disruptive-leaps

Tucker first mentions Schiff around 10:00, tells that story around 11:40

lol:

Tucker:  What?

Schiff:  See, i told you we could process online tx's immediately and for virtually 0 tx cost!
molecular
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August 10, 2014, 05:38:09 PM
 #10419

Interesting to note the gold bugs are converting.

Jeffrey Tucker puts it down to experiencing bitcoin; he related the story of being ridiculed by P Schiff for 18 months over his bitcoin stance until one day Schiff approached him, marvelling at how quick bitcoin transactions were completed and how it saved his company plenty on fee payments. Schiff had decided to accept bitcoin purely opportunistically to cash it out, but is now converted.

Wonder if this kind of story, multiplied across the market, will see an increased flow from gold to btc?

Of course it would but, link please.

OK, im not sure how far in it is but the whole segment is a good listen.

http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-134-disruptive-leaps

now THAT is really good news. 

altho quite predictable.  Jim Rogers too.

link?

I feel a weird satisfaction seeing these guys come around.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
cypherdoc
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August 10, 2014, 05:40:16 PM
 #10420

Interesting to note the gold bugs are converting.

Jeffrey Tucker puts it down to experiencing bitcoin; he related the story of being ridiculed by P Schiff for 18 months over his bitcoin stance until one day Schiff approached him, marvelling at how quick bitcoin transactions were completed and how it saved his company plenty on fee payments. Schiff had decided to accept bitcoin purely opportunistically to cash it out, but is now converted.

Wonder if this kind of story, multiplied across the market, will see an increased flow from gold to btc?

Of course it would but, link please.

OK, im not sure how far in it is but the whole segment is a good listen.

http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-134-disruptive-leaps

now THAT is really good news. 

altho quite predictable.  Jim Rogers too.

link?

I feel a weird satisfaction seeing these guys come around.


same link.  Tucker mentions Rogers too.
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