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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?
1.  yes
2.  no

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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1806442 times)
justusranvier
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September 12, 2014, 08:32:45 PM
 #11981

nonsense, poeple are many many irrational fears about bitcoin this is one of them.
Pretty sure he's excluding the people you are talking with the word "serious."
"There should not be any signed int. If you've found a signed int somewhere, please tell me (within the next 25 years please) and I'll change it to unsigned int." -- Satoshi
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adamstgBit
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September 12, 2014, 08:33:43 PM
 #11982

nonsense, poeple are many many irrational fears about bitcoin this is one of them.
Pretty sure he's excluding the people you are talking with the word "serious."

i disagree

cypherdoc
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September 12, 2014, 08:35:44 PM
 #11983

nonsense, poeple are many many irrational fears about bitcoin this is one of them.
Pretty sure he's excluding the people you are talking with the word "serious."

Pretty sure he's excluding the people you are talking with the word "irrational."
Odalv
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September 12, 2014, 08:54:08 PM
 #11984

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

Do you mean:

 95Mb => 10 MB/s => 1 GB/ 100 s
 => 26 GB / 44 mins

Edit:
or 8 x faster  if B is "B" not "b"
Adrian-x
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September 12, 2014, 10:03:06 PM
 #11985

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
You have 10 min and a write speed of 90meg a second with an average block size under 1 meg.
I think the pi will top out at about 10meg a second so it should work as a node.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
cypherdoc
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September 13, 2014, 12:16:16 AM
 #11986

we'll see a rush if that 475 wall at Bitfinex comes down
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September 13, 2014, 12:20:35 AM
 #11987

we'll see a rush if that 475 wall at Bitfinex comes down

don't think so ... those walls have been there for the last 2 months, they'll just retreat a bit ... maybe.

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September 13, 2014, 12:32:07 AM
 #11988

we'll see a rush if that 475 wall at Bitfinex comes down

don't think so ... those walls have been there for the last 2 months, they'll just retreat a bit ... maybe.

it's pretty clear we don't have to worry about any of these large ask walls flash dumping and wiping out the bid side.  they're just blocking walls.  if we can just get those coins to change hands we could break thru.
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September 13, 2014, 01:52:20 AM
 #11989

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)
And if you substitute the 6 for a 6.3 (and I'm being conservative) to reflect the increased rate of block findings per hour due to constantly increasing hashrate between difficulty adjustments, you get 11.0%. You see what I mean? Wink

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September 13, 2014, 08:45:16 AM
 #11990

we are a country born out of war (WWII).  our prosperity was born out of war.  we have continually lived war.  we are a warring nation.

You Live In A Murder Based Society

A 'Murder Based Society' is a tautology. The society (collectivism/state and church/patriarchy) is per se murder based; from the very beginning. That's the differcence to the community (anarchy).

"Staat nenne ich's, wo alle Gifttrinker sind, Gute und Schlimme: Staat, wo alle sich selber verlieren, Gute und Schlimme:
Staat, wo der langsame Selbstmord aller – »das Leben« heisst."
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September 13, 2014, 12:38:15 PM
 #11991

we'll see a rush if that 475 wall at Bitfinex comes down

don't think so ... those walls have been there for the last 2 months, they'll just retreat a bit ... maybe.

it's pretty clear we don't have to worry about any of these large ask walls flash dumping and wiping out the bid side.  they're just blocking walls.  if we can just get those coins to change hands we could break thru.

Getting through that bfx wall is a big deal. Like I said, there's enough bullish action where the little sellers ought to be getting behind the big ask walls instead of jumping in front so as to catch an extra few dollars  of pop when the wall breaks .
cypherdoc
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September 13, 2014, 12:51:26 PM
 #11992

Conversely, if you're a little bull, you should have no fear gobbling up all the little asks orders right up to the large ask wall so as to assist the large bulls in taking down the large wall in one fell swoop.
cypherdoc
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September 13, 2014, 01:03:31 PM
 #11993

There's also an excellent chance that if the little bulls can take out the little asks up to the edge of the large wall, the blocker may just pull the wall out of fear. Remember, these are blocking walls, not true sellers,imo.
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September 13, 2014, 03:39:11 PM
 #11994

still just a series of higher lows.  plus, we know how to deal with the blocking walls:

blaaaaacksuit
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September 13, 2014, 04:56:38 PM
 #11995

Did that wall get eaten in one buy?
NewLiberty
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September 13, 2014, 05:05:54 PM
 #11996

Did that wall get eaten in one buy?
Look to the volume...

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 13, 2014, 06:22:13 PM
 #11997

Here's another great hint as to what has been happening.

In this podcast,  Lazlo Birinyi  describes his Money Flow Model where he measures the degree to which the ask side is hit in Time & Sales. I find this podcast timely as I have been noticing just this strategy being executed in tandem with these big blocking walls.

If you watch carefully, just about all the big trades involving 25-100 BTC or so are green; meaning they're being hit on the ask side of the spread. This means there is  more interested significant  buying going on than selling.  Someone is using these walls to keep price suppressed, get small panic sellers to jump in front, all the while they're buying in big chunks.

http://www.bloomberg.com/podcasts/masters-in-business/
blaaaaacksuit
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September 13, 2014, 07:22:39 PM
 #11998

Here's another great hint as to what has been happening.

In this podcast,  Lazlo Birinyi  describes his Money Flow Model where he measures the degree to which the ask side is hit in Time & Sales. I find this podcast timely as I have been noticing just this strategy being executed in tandem with these big blocking walls.

If you watch carefully, just about all the big trades involving 25-100 BTC or so are green; meaning they're being hit on the ask side of the spread. This means there is  more interested significant  buying going on than selling.  Someone is using these walls to keep price suppressed, get small panic sellers to jump in front, all the while they're buying in big chunks.

http://www.bloomberg.com/podcasts/masters-in-business/

Did he get enough before losing over 3000 btc in a single buy?  Seems like he's going to have to accumulate all over again  Cheesy
cypherdoc
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September 13, 2014, 09:29:02 PM
 #11999

Here's another great hint as to what has been happening.

In this podcast,  Lazlo Birinyi  describes his Money Flow Model where he measures the degree to which the ask side is hit in Time & Sales. I find this podcast timely as I have been noticing just this strategy being executed in tandem with these big blocking walls.

If you watch carefully, just about all the big trades involving 25-100 BTC or so are green; meaning they're being hit on the ask side of the spread. This means there is  more interested significant  buying going on than selling.  Someone is using these walls to keep price suppressed, get small panic sellers to jump in front, all the while they're buying in big chunks.

http://www.bloomberg.com/podcasts/masters-in-business/

Did he get enough before losing over 3000 btc in a single buy?  Seems like he's going to have to accumulate all over again  Cheesy

The other interesting point Birinyi made was that he doesn't think the stock market prices in anything beyond 3-6 months. With all this crap coming from the bears about the reward halving already being priced in 2 years in advance, as opposed to my own observations about what happened in 2012, I thought this was interesting.
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September 13, 2014, 09:36:49 PM
 #12000

bitcoin currently is likely as always a binary proposition.  It's either a 5 year plan or a 5 minute plan.  Halving isn't being priced in because the landscape will be very different by that time.
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