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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 1804290 times)
NewLiberty
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August 16, 2014, 06:41:06 AM
 #10661

In the end those who argued against FDR and Wilson will be proven right. My fear is no one alive will notice or care. Bitcoin is our escape from this.


Andrew Dickson White was one of the most informed and reasoned,
http://president.cornell.edu/history_bio_white.cfm
http://en.wikipedia.org/wiki/Andrew_Dickson_White

If you haven't read through "Fiat Money Inflation in France" which was presented 1892, and then again in 1912 it rings as true now as it did then.

It doesn't stop there.
Quote from: Alan Greenspan, 1966
"Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard."
Could be Bitcoin?

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cypherdoc
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August 16, 2014, 10:26:20 PM
 #10662

Keep buying dips.
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August 17, 2014, 04:13:23 AM
 #10663


there are many who believe that markets "really" peaked on 3/24/00, the day the Nasdaq hit it's all time high and that every stimulation done since then has only served to postpone the inevitable long term decline.  you can see we haven't made it back there yet.



Here it is adjusted for inflation: http://www.macrotrends.net/1320/nasdaq-historical-chart-adjusted-for-inflation
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August 17, 2014, 12:59:23 PM
 #10664

Meanwhile, holdings in Belgium climbed $1.7 billion last month to $364.1 billion, the report showed.

Code words:  US. gubmint

http://mobile.bloomberg.com/news/2014-08-15/u-s-investment-outflow-reaches-record-as-china-sells-treasuries.html
wachtwoord
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August 17, 2014, 01:00:24 PM
 #10665

Meanwhile, holdings in Belgium climbed $1.7 billion last month to $364.1 billion, the report showed.

Code words:  US. gubmint

http://mobile.bloomberg.com/news/2014-08-15/u-s-investment-outflow-reaches-record-as-china-sells-treasuries.html

How long until Belgium owns the US? The they can start auctioning off cities. New York people. Any takers? Wink

zeetubes
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August 17, 2014, 02:17:09 PM
 #10666

Meanwhile, holdings in Belgium climbed $1.7 billion last month to $364.1 billion, the report showed.

Code words:  US. gubmint

http://mobile.bloomberg.com/news/2014-08-15/u-s-investment-outflow-reaches-record-as-china-sells-treasuries.html

How long until Belgium owns the US? The they can start auctioning off cities. New York people. Any takers? Wink

Hopefully they'll auction off Ben Lawsky first.
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August 17, 2014, 02:19:02 PM
 #10667

Meanwhile, holdings in Belgium climbed $1.7 billion last month to $364.1 billion, the report showed.

Code words:  US. gubmint

http://mobile.bloomberg.com/news/2014-08-15/u-s-investment-outflow-reaches-record-as-china-sells-treasuries.html

How long until Belgium owns the US? The they can start auctioning off cities. New York people. Any takers? Wink

Hopefully they'll auction off Ben Lawsky first.

Are you interested in acquiring him?

_mr_e
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August 17, 2014, 02:40:26 PM
 #10668


Nxt did not fork and bter has gotten most of the nxt back. I am now more bullish then ever! With the release of the instantdex around the corner (near instant trading on the asset exchange and decentralized crypto to crypto, nxt is preparing to be a force to be reckoned with.
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August 17, 2014, 02:41:19 PM
 #10669

Meanwhile, holdings in Belgium climbed $1.7 billion last month to $364.1 billion, the report showed.

Code words:  US. gubmint

http://mobile.bloomberg.com/news/2014-08-15/u-s-investment-outflow-reaches-record-as-china-sells-treasuries.html

How long until Belgium owns the US? The they can start auctioning off cities. New York people. Any takers? Wink

Hopefully they'll auction off Ben Lawsky first.

Are you interested in acquiring him?

He's already been acquired; by the banks.
HeliKopterBen
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August 17, 2014, 03:18:05 PM
 #10670


Nxt did not fork and bter has gotten most of the nxt back. I am now more bullish then ever! With the release of the instantdex around the corner (near instant trading on the asset exchange and decentralized crypto to crypto, nxt is preparing to be a force to be reckoned with.

I was quite impressed with nxt.  The developers released a version of the client that would reverse the stolen transaction only but the forgers did not accept the change.  This demonstrates the power of distributed consensus and hopefully the world takes notice.  Obvious threat to central banks is obvious.  Maybe POS has merit after all. 

Counterfeit:  made in imitation of something else with intent to deceive:  merriam-webster
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August 17, 2014, 05:16:06 PM
 #10671


Nxt did not fork and bter has gotten most of the nxt back. I am now more bullish then ever! With the release of the instantdex around the corner (near instant trading on the asset exchange and decentralized crypto to crypto, nxt is preparing to be a force to be reckoned with.

I was quite impressed with nxt.  The developers released a version of the client that would reverse the stolen transaction only but the forgers did not accept the change.  This demonstrates the power of distributed consensus and hopefully the world takes notice.  Obvious threat to central banks is obvious.  Maybe POS has merit after all. 

Looks like Vitalik and Ethereum agree with you: https://bitsharestalk.org/index.php?topic=6990
Peter R
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August 17, 2014, 06:08:41 PM
 #10672


Nxt did not fork and bter has gotten most of the nxt back. I am now more bullish then ever! With the release of the instantdex around the corner (near instant trading on the asset exchange and decentralized crypto to crypto, nxt is preparing to be a force to be reckoned with.

I was quite impressed with nxt.  The developers released a version of the client that would reverse the stolen transaction only but the forgers did not accept the change.  This demonstrates the power of distributed consensus and hopefully the world takes notice.  Obvious threat to central banks is obvious.  Maybe POS has merit after all. 

The rollback discussion did the opposite to me.  It proved the PoS achieves consensus by popular opinion rather than by objective truth.  With PoW, you must expend resources to "vote" on your chain, so you pick the single best chain based on a mathematically-defined selection criteria (mining two competing chains would be a waste).  Each new block added to the chain decreases the chance of a re-org exponentially, and all the participants realize this, so deep re-orgs are out of the question. 

With PoS, there is no tether to the physical world.  Since there are no resources spent to "vote," stakers can vote on many different chains for very little cost.  Even today, it would be possible to roll back the 50M NXT theft as it costs nothing to change their blockchain.  PoS gives the economic majority the power to rewrite history.  Truth is defined by opinion.

There's a reason the first sentence of 1984 was used as the passphrase for the Nxt Genesis Account. 


Run Bitcoin Unlimited (www.bitcoinunlimited.info)
justusranvier
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August 17, 2014, 06:12:19 PM
 #10673

The rollback discussion did the opposite to me.  It proved the PoS achieves consensus by popular opinion rather than by objective truth.  With PoW, you must expend resources to "vote" on your chain, so you pick the single best chain based on a mathematically-defined selection criteria (mining two competing chains would be a waste).  Each new block added to the chain decreases the chance of a re-org exponentially, and all the participants realize this, so deep re-orgs are out of the question. 

With PoS, there is no tether to the physical world.  Since there are no resources spent to "vote," stakers can vote on many different chains for very little cost.  Even today, it would be possible to roll back the 50M NXT theft as it costs nothing to change their blockchain.  PoS gives the economic majority the power to rewrite history.  Truth is defined by opinion.

There's a reason the first sentence of 1984 was used as the passphrase for the Nxt Genesis Account.
https://download.wpsoftware.net/bitcoin/pos.pdf
kodtycoon
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August 17, 2014, 06:25:50 PM
 #10674

The rollback discussion did the opposite to me.  It proved the PoS achieves consensus by popular opinion rather than by objective truth.  With PoW, you must expend resources to "vote" on your chain, so you pick the single best chain based on a mathematically-defined selection criteria (mining two competing chains would be a waste).  Each new block added to the chain decreases the chance of a re-org exponentially, and all the participants realize this, so deep re-orgs are out of the question.  

With PoS, there is no tether to the physical world.  Since there are no resources spent to "vote," stakers can vote on many different chains for very little cost.  Even today, it would be possible to roll back the 50M NXT theft as it costs nothing to change their blockchain.  PoS gives the economic majority the power to rewrite history.  Truth is defined by opinion.

There's a reason the first sentence of 1984 was used as the passphrase for the Nxt Genesis Account.
https://download.wpsoftware.net/bitcoin/pos.pdf

all the while nxt and proof of stake is alive and well, growing fast and stealing ethereums customers(1) while they cant decide what consensus mechanism to use Roll Eyes

(1): last block of text under "nxt gold"


"Pioneering a revolutionary novel consensus mechanism called proof of importance."
justusranvier
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August 17, 2014, 06:34:19 PM
 #10675

nxt and proof of stake is alive and well, growing fast
So is the Federal Reserve's balance sheet.

WTF does that have to do with whether or not PoS is capable of achieving distributed consensus?
STT
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August 17, 2014, 06:34:21 PM
 #10676

To rollback the chain they are first going to have to own alot of coins and be big investors in their total numbers and consensus.     Large amounts of capital invested in a product is just a traditional source of power in a normal capitalist system.   Right now in fiat we have democracy and corruption of capital by politics but a plain old currency system should revolve around respect for those with most to lose from its demise.   Is POS flawed by allowing that Im not sure, the people who use and hold nxt decided it would be a negative, last I read

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How long until Belgium owns the US? The they can start auctioning off cities. New York people. Any takers?
As soon as the bonds give any rights they can do that.   All they got is a promise.    They can shut down the government deficit maybe, force raise interest rates and cause alot of fuss but who wants to spend billions making enemies with no profit.  
I'd buy some gold with those bonds asap, likely its a proxy for elements of the EU

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August 17, 2014, 06:41:44 PM
 #10677

To rollback the chain they are first going to have to own alot of coins and be big investors in their total numbers and consensus.     Large amounts of capital invested in a product is just a traditional source of power in a normal capitalist system.   Right now in fiat we have democracy and corruption of capital by politics but a plain old currency system should revolve around respect for those with most to lose from its demise.   Is POS flawed by allowing that Im not sure, the people who use and hold nxt decided it would be a negative, last I read

Quote
How long until Belgium owns the US? The they can start auctioning off cities. New York people. Any takers?
As soon as the bonds give any rights they can do that.   All they got is a promise.    They can shut down the government deficit maybe, force raise interest rates and cause alot of fuss but who wants to spend billions making enemies with no profit.  
I'd buy some gold with those bonds asap, likely its a proxy for elements of the EU

A USTbond <=> BTC exchange could open the floodgates ... i.e. repo  market settled in bitcoin.

kodtycoon
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August 17, 2014, 06:45:31 PM
 #10678

nxt and proof of stake is alive and well, growing fast
So is the Federal Reserve's balance sheet.

WTF does that have to do with whether or not PoS is capable of achieving distributed consensus?

it has to do with the fact that regardless of your opinion on whether it can achieve consensus, it is still going full steam ahead, building new technology that PoW systems could only dream of.

show me a paper with mathematical proof that what you claim is the truth. with all the smart arses going around claiming such untrusths that one of the smarter arses would have written up a mathmatical paper to prove this hypothesis.. but no...

"Pioneering a revolutionary novel consensus mechanism called proof of importance."
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August 17, 2014, 06:55:06 PM
 #10679

it has to do with the fact that regardless of your opinion on whether it can achieve consensus
I issued no opinion whatsoever about whether or not PoS can achieve consensus.
kodtycoon
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August 17, 2014, 06:56:10 PM
 #10680

it has to do with the fact that regardless of your opinion on whether it can achieve consensus
I issued no opinion whatsoever about whether or not PoS can achieve consensus.

sorry.. thought you were the other guy that posted.. my bad..

https://bitcointalk.org/index.php?topic=68655.msg8402251#msg8402251

"Pioneering a revolutionary novel consensus mechanism called proof of importance."
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