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News: Due to BIP91, it would starting now be prudent to require 5 times more confirmations than usual before trusting transactions.
 
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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 1935791 times)
adaseb
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September 12, 2014, 03:36:51 PM
 #11941

Is it just me or isnt the reason why GOLD is going down lately because the dollar is going up.

Very little correlation to bitcoin

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Wekkel
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September 12, 2014, 03:38:33 PM
 #11942

the key question is whether Bitcoin can withstand the deflation.

personally, my bet is that it can.

Love to hear your arguments.

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Adrian-x
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September 12, 2014, 04:10:08 PM
 #11943

Is it the hashrate from the start to now?
I see a big drop and a sudden recover in the last period, maybe it's time to hold some coins.
No.

The start to now is way more impressive

http://bitcoin.sipa.be/

And I think it's a good time to hold.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
cypherdoc
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September 12, 2014, 05:05:48 PM
 #11944

more black hole sh*t --> deflation:

http://www.zerohedge.com/news/2014-09-12/harsh-austerity-sends-italian-spanish-debt-record-highs

cypherdoc
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September 12, 2014, 05:13:50 PM
 #11945

pretty huge:

The decision by the CFTC, which regulates swaps and futures, constitutes the first recognition by a U.S. federal regulator of a bitcoin financial product, even if the product does not itself involve the exchange of actual bitcoins.

http://www.reuters.com/article/2014/09/12/us-usa-bitcoin-cftc-idUSKBN0H71FU20140912?feedType=RSS&feedName=technologyNews
inca
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September 12, 2014, 05:23:41 PM
 #11946

pretty huge:

The decision by the CFTC, which regulates swaps and futures, constitutes the first recognition by a U.S. federal regulator of a bitcoin financial product, even if the product does not itself involve the exchange of actual bitcoins.

http://www.reuters.com/article/2014/09/12/us-usa-bitcoin-cftc-idUSKBN0H71FU20140912?feedType=RSS&feedName=technologyNews

And is a nod to the big boys to start pushing bitcoin around.
cypherdoc
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September 12, 2014, 05:27:13 PM
 #11947

pretty huge:

The decision by the CFTC, which regulates swaps and futures, constitutes the first recognition by a U.S. federal regulator of a bitcoin financial product, even if the product does not itself involve the exchange of actual bitcoins.

http://www.reuters.com/article/2014/09/12/us-usa-bitcoin-cftc-idUSKBN0H71FU20140912?feedType=RSS&feedName=technologyNews

And is a nod to the big boys to start pushing bitcoin around.

note in the article that a prerequisite to the approval was the construction of a non-manipulable index which ended up being a composite of 6 exchanges, presumably spread round the world, which is exactly what i have been arguing needs to be done to prevent the pushing around you indicate.  this is key and should represent an opportunity for more quality well run exchanges to hopefully open up to spread the risk.
cypherdoc
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September 12, 2014, 05:47:36 PM
 #11948

unloading so many stacks is going to be just brutal.  lotsa sore backs like i found out in 2011.  not to mention the lack of liquidity and haircuts involved. 
cypherdoc
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September 12, 2014, 06:10:37 PM
 #11949

this is absolutely unbelievable.  i guess we don't have to worry about blockchain storage:

rocks
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September 12, 2014, 06:22:49 PM
 #11950

this is absolutely unbelievable.  i guess we don't have to worry about blockchain storage:

Information storage and retrieval is becoming free.
cypherdoc
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September 12, 2014, 06:22:58 PM
 #11951

risk rising once again:

cypherdoc
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September 12, 2014, 06:25:12 PM
 #11952

this is absolutely unbelievable.  i guess we don't have to worry about blockchain storage:

Information storage and retrieval is becoming free.

that's bad for incumbents.
cypherdoc
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September 12, 2014, 06:33:06 PM
 #11953

please don't get caught catching a falling knife:

molecular
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September 12, 2014, 06:37:32 PM
 #11954

Bitcoin annualised inflation rates just recently went into single figures ... now at 9.91%.

I feel like a celebration is in order for the bitcoin algorithm taming inflation to below 10%!!

https://bitcointalk.org/index.php?topic=130619.msg1397456#msg1397456

Looks like we just surpassed the cross on the second chart of time.
I don't see what you see. The cross under 10% is supposed to happen in mid-2015. It may have been brought earlier by the constant increase in hashrate, but at the same time this causes a shorter block time and higher coin emission (around +10% these days), so I think it can be confidently stated that we are still months away from going under 10% annual inflation.

At block 320,351 (right about now) annualized inflation is roughly:

Code:
(1 + (25*6*24) / ( 210000 * 50 + (320351 - 210000) * 25 ) ) ^ 365 - 1 = 10.4%

EDIT: corrected a 24 to a 25 which I previously thought I had corrected but instead f-ed up.

So yeah, if this is correct, we're not at 10% yet (about 140 more days to go)

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cypherdoc
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September 12, 2014, 06:38:14 PM
 #11955

commodity producer Australia breaking support:

molecular
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September 12, 2014, 06:39:00 PM
 #11956

this is absolutely unbelievable.  i guess we don't have to worry about blockchain storage:



fucking hell!

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cypherdoc
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September 12, 2014, 06:40:28 PM
 #11957

Energy SPDR:

cypherdoc
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September 12, 2014, 06:43:08 PM
 #11958

Dow in a clear short term sell signal:

Adrian-x
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September 12, 2014, 06:52:42 PM
 #11959

this is absolutely unbelievable.  i guess we don't have to worry about blockchain storage:



I just got a 256GB card and was trying to run it on my pi for that exact function. no luck just yet, i plan to try format it from a Linux machine and try again  Sad

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cypherdoc
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September 12, 2014, 08:20:35 PM
 #11960

this is absolutely unbelievable.  i guess we don't have to worry about blockchain storage:



I just got a 256GB card and was trying to run it on my pi for that exact function. no luck just yet, i plan to try format it from a Linux machine and try again  Sad

My concern would be the time required to write the blockchain to that
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