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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1804945 times)
devphp
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September 04, 2014, 04:39:02 PM
 #11641


This is like an old man's club of guys who hide behind their medallions and spend way too much time on BTT complaining that Bitcoin is too low in price. 


Pay respect to senior citizens, young man!  Grin
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NewLiberty
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September 04, 2014, 04:42:29 PM
 #11642

What happened to the shorts vs usd swaps chart?

looks like an opportunity to me:



This post was worth more to anyone that heeded it than anything else that happened this week.
I think we all owe our OP OG host some serious props for sharing the wealth of information.

Thank you Dr. Cypherdoc, this was a prescription that just had to be filled for a healthy balance sheet.  Thanks for looking out for us.
Did I mention, thank you?
Oh yeah, thanks.

FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
Bulk premiums as low as .0012 BTC "BETTER, MORE COLLECTIBLE, AND CHEAPER THAN SILVER EAGLES" 1Free of Government
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September 04, 2014, 04:48:29 PM
 #11643

Kodtycoon and Mr. E: That paper is completely fluff.  It reminds me of Nxt's "transparent forging" claim that is supposed to make Nxt robust to "91% attacks" (a statement I think is most likely nonsensical).  Don't you find it strange that the real innovations and technical details in bitcoin can be explained at any level of depth that you're interested in, yet many of these "alt-coin innovations" remain hidden and vague in perpetuity?   Don't you find it odd that very few of the many bright people here are even interested?  

For example, how is James going to implement cross-chain trading (what he calls InstantDEX)?  I've heard Nxt advocates talk about trustless cross-chain trading, yet it's generally accepted that it's impossible to transact with external systems/blockchains in a trustless manner.  If it's not trustless, but rather "low trust," then a solution using m-of-n oracles is already known.  There's never a need for things to be "powered by Nxt."  It seems like a ridiculous statement to me.  
  
The alt-coiners don't appreciate the importance of Satoshi's contribution.  If bitcoin adoption continues, it will be written about in textbooks for centuries to come.  Some of the developers here such as Greg and Gavin will likely be famous historical figures too.  The alt-coin sideshow is largely a distraction.  I don't want to say that all the alt-coin work is crap, because I think there's a small amount of genuine innovation [for example, I think Cryptonote's ring-signature approach made a contribution, and I think the concept of sophisticated contracts popularized by Ethereum made a contribution too (although I think it's much better executed using m-of-n Oracles as per Gavin's suggestion)].  If the alt-coin community does make a real innovation, we are going to take notice.  But to date, the vast majority is either a folly or a scam.    


The reason why you don't understand Nxt TF or InstaDex is that you haven't actually done any research on them to fully understand how it's possible. InstaDex is the realtime trading of Nxt Assets, BTC and other Alt Assets exist on Nxt AE via MGW.  Have you reviewed the TF algorithm?  You can if you want and if your tiny brain can understand it, you will see it works.  It's easy to sit here and say "this doesn't make sense to me, it's a scam, etc.."  Bitcoin is easy to explain because it's simple, like you.  If you ever had conversations with Satoshi on p2p, you would know that he left BTC as soon as it's direction followed corporate structure.  He doesn't hold the first generated Bitcoins like everyone thinks, those are lost, destroyed. His goal wasn't to make BTC the end all, it was to start a financial revolution.

Are you saying we must continue to follow Bitcoin for the purpose of making it historically significant?  That is fucking stupid.

This is like an old man's club of guys who hide behind their medallions and spend way too much time on BTT complaining that Bitcoin is too low in price. 


If you're accusing Peter of having a tiny brain I'm pretty sure you are the one who is uninformed.

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September 04, 2014, 04:54:50 PM
 #11644

What happened to the shorts vs usd swaps chart?

looks like an opportunity to me:



This post was worth more to anyone that heeded it than anything else that happened this week.
I think we all owe our OP OG host some serious props for sharing the wealth of information.

Thank you Dr. Cypherdoc, this was a prescription that just had to be filled for a healthy balance sheet.  Thanks for looking out for us.
Did I mention, thank you?
Oh yeah, thanks.

thanks, but no need to ever thank.  we're all in this together and i'm just trying to help.

this was another major reason i dc'd the newsletter; i wanted to be able to open up once again and share to all.  what's going on is too important to bottle up to a select few.

Go Bitcoin!
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September 04, 2014, 05:00:22 PM
 #11645

careful, gold starting to crumble
NewLiberty
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September 04, 2014, 05:02:38 PM
 #11646

What happened to the shorts vs usd swaps chart?

looks like an opportunity to me:



This post was worth more to anyone that heeded it than anything else that happened this week.
I think we all owe our OP OG host some serious props for sharing the wealth of information.

Thank you Dr. Cypherdoc, this was a prescription that just had to be filled for a healthy balance sheet.  Thanks for looking out for us.
Did I mention, thank you?
Oh yeah, thanks.

thanks, but no need to ever thank.  we're all in this together and i'm just trying to help.

this was another major reason i dc'd the newsletter; i wanted to be able to open up once again and share to all.  what's going on is too important to bottle up to a select few.

Go Bitcoin!
Just in case folks missed it, and for posterity, lets put this image in a post along with it.


Ignore the Dr's orders at your own peril.

FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
Bulk premiums as low as .0012 BTC "BETTER, MORE COLLECTIBLE, AND CHEAPER THAN SILVER EAGLES" 1Free of Government
cypherdoc
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September 04, 2014, 05:36:13 PM
 #11647

oh crap!

as you can see, silver and SLW were leading:



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September 04, 2014, 05:57:23 PM
 #11648

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September 04, 2014, 06:36:09 PM
 #11649

oh noes!:

cypherdoc
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September 04, 2014, 06:41:34 PM
 #11650

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September 04, 2014, 08:18:01 PM
 #11651

https://twitter.com/cypherdoc2/status/507623468620210176
cypherdoc
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September 04, 2014, 09:53:01 PM
 #11652

hah!

cypherdoc
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September 04, 2014, 09:56:46 PM
 #11653

hah!



shorts getting nervous.

divergence in price on Bitfinex.  they may lead us UP.
cypherdoc
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September 04, 2014, 10:00:08 PM
 #11654

hah!



shorts getting nervous.

divergence in price on Bitfinex.  they may lead us UP.

plenty left to squeeze!

adamstgBit
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September 04, 2014, 10:10:48 PM
 #11655

hah!



shorts getting nervous.

divergence in price on Bitfinex.  they may lead us UP.

plenty left to squeeze!



wall gone, dude trying to cover without causing a panic buy because of wall Observers?


cypherdoc
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September 04, 2014, 10:17:49 PM
 #11656

hah!



shorts getting nervous.

divergence in price on Bitfinex.  they may lead us UP.

plenty left to squeeze!



wall gone, dude trying to cover without causing a panic buy because of wall Observers?



he's resorting to baby walls now.  price divergence indicates short covering pressure.
cypherdoc
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September 04, 2014, 10:19:31 PM
 #11657

oh Bitfinex shorts.  why u diverge price?

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September 04, 2014, 10:28:01 PM
 #11658

Bitfinex shorts; you can run, but you can't hide.
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September 04, 2014, 10:32:11 PM
 #11659

Bitstamp will follow Bitfinex UP
adamstgBit
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September 04, 2014, 10:34:29 PM
 #11660

Bitstamp will follow Bitfinex UP

i want stamps to over take Bitfinex, if only for a second.

can you imagine the panic!

 Cheesy

unlikely... but one can dream

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