Bitcoin Forum
December 09, 2016, 08:01:07 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Poll
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

Pages: « 1 ... 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 [602] 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 ... 1560 »
  Print  
Author Topic: Gold collapsing. Bitcoin UP.  (Read 1806963 times)
Erdogan
Hero Member
*****
Offline Offline

Activity: 714



View Profile
September 15, 2014, 08:36:15 AM
 #12021


The old style keynesian theory of using central banks to smooth out the market fluctuations, with accumulating reserves in upturns to ease the downturns, is intrinsically the same problems as the daytraders (and the more time-stretched traders) face. Basically, you have to know something about the future to trade successfully. This is just one proof that keynesianism don't work. (And if you remove the accumulation in upturns, can it possibly succeed? It is like a daytrader only buying, never selling...)
1481270467
Hero Member
*
Offline Offline

Posts: 1481270467

View Profile Personal Message (Offline)

Ignore
1481270467
Reply with quote  #2

1481270467
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481270467
Hero Member
*
Offline Offline

Posts: 1481270467

View Profile Personal Message (Offline)

Ignore
1481270467
Reply with quote  #2

1481270467
Report to moderator
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 15, 2014, 04:06:19 PM
 #12022

i always felt this was going to happen but didn't expect verification so fast:

News that each individual unit would cost around $500 to purchase, not to mention install and maintain, quickly disenfranchised many retailers that could not afford the high buy in price for the new technology.

http://www.dumb-out.net/apple-pay-takes-major-hit-wal-mart-best-buy-will-use-system/6515
wachtwoord
Legendary
*
Offline Offline

Activity: 1498



View Profile WWW
September 15, 2014, 04:06:45 PM
 #12023


Wow a short while ago it was considered a coin flip (slightly in favor of yes). I'm rooting for the Scots to pull through.

hdbuck
Legendary
*
Offline Offline

Activity: 1134



View Profile
September 15, 2014, 04:21:49 PM
 #12024


Wow a short while ago it was considered a coin flip (slightly in favor of yes). I'm rooting for the Scots to pull through.

I am very amused with those Scottish trolling the system hard, I do think the "yes" (to independence) will be massively voted upon, but i nonetheless am sort of confused regarding a last minute fraud, ultimately preventing their independence.
I feel the process of voting is not as democratic as i seems, dices can be rigged, in fact, they probably have been in the past. Voting is just an illusion to keep the people under control. If the "No" wins with some magical 51/49% or 52/48% i will certainly doubt the legitimacy of it and call it freaking BS. In the end, if they cheat in Scotland, dont bother voting for anything else Roll Eyes


edit: Banks and financials services "threatening" to relocate in London if they secede... http://www.zerohedge.com/news/2014-09-12/panic-streets-london-can-scotland-ever-be-same-again
That just says it all imho. ^^
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 15, 2014, 04:49:05 PM
 #12025

from the Boston Fed:  

The Bitcoin network as originally designed, and especially its associated digital currency, will probably not survive in the long run. Some serious design flaws of the current Bitcoin system have been identified, and some of them may eventually prove fatal.

First, realistic growth projections of the scale of the blockchain indicate that it will likely become infeasible for individual users to store the data on their personal computers, and this may happen as soon as within a year or two. Currently, it already requires nearly 10 gigabytes of hard drive space to store the entire blockchain.

Second, the resource cost of mining is becoming increasingly unaffordable, not to mention the inefficiency associated with this aspect of the system design. Again, it is possible that within a few years it will become infeasible to rely on this distributed model, however consolidated, to verify transactions.


clearly, i don't agree with this.  their concerns have been addressed many times here in the forums.  plus, i think the Fed seriously underestimates the drive of the ppl to regain control of their money (wealth and capital).  

in fact i'll go as far as to repeat what i've said before:  The blockchain may only ever be applicable to Bitcoin as Money-cypherdoc

this is why we're all here in the first place.

http://www.bostonfed.org/economic/current-policy-perspectives/2014/cpp1404.pdf
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 15, 2014, 04:52:03 PM
 #12026



edit: Banks and financials services "threatening" to relocate in London if they secede... http://www.zerohedge.com/news/2014-09-12/panic-streets-london-can-scotland-ever-be-same-again
That just says it all imho. ^^

yep, what caught my eye:

Crucially, since the RBS and Lloyds were both bailed out by the UK government during the financial crisis, the UK government is now a significant shareholder in both institutions, owning a whopping 80% of the RBS and 25% of Lloyds.
hdbuck
Legendary
*
Offline Offline

Activity: 1134



View Profile
September 15, 2014, 04:58:21 PM
 #12027

from the Boston Fed:  

The Bitcoin network as originally designed, and especially its associated digital currency, will probably not survive in the long run. Some serious design flaws of the current Bitcoin system have been identified, and some of them may eventually prove fatal.

First, realistic growth projections of the scale of the blockchain indicate that it will likely become infeasible for individual users to store the data on their personal computers, and this may happen as soon as within a year or two. Currently, it already requires nearly 10 gigabytes of hard drive space to store the entire blockchain.

Second, the resource cost of mining is becoming increasingly unaffordable, not to mention the inefficiency associated with this aspect of the system design. Again, it is possible that within a few years it will become infeasible to rely on this distributed model, however consolidated, to verify transactions.


clearly, i don't agree with this.  their concerns have been addressed many times here in the forums.  plus, i think the Fed seriously underestimates the drive of the ppl to regain control of their money (wealth and capital).  

in fact i'll go as far as to repeat what i've said before:  The blockchain may only ever be applicable to Bitcoin as Money-cypherdoc

this is why we're all here in the first place.

http://www.bostonfed.org/economic/current-policy-perspectives/2014/cpp1404.pdf


So childish those non-arguments!

That really does not sound like the initial results the fed got from their analysts..

http://www.reddit.com/r/Bitcoin/comments/2cpew8/game_changer_bitcoin_research_at_the_federal/

Probably buried the real deal. ^^

ps: reddit source, not sure if true, although the guy wrote in a very good english and puts relative efforts into proving his point and identity.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 15, 2014, 05:08:14 PM
 #12028

from the Boston Fed:  

The Bitcoin network as originally designed, and especially its associated digital currency, will probably not survive in the long run. Some serious design flaws of the current Bitcoin system have been identified, and some of them may eventually prove fatal.

First, realistic growth projections of the scale of the blockchain indicate that it will likely become infeasible for individual users to store the data on their personal computers, and this may happen as soon as within a year or two. Currently, it already requires nearly 10 gigabytes of hard drive space to store the entire blockchain.

Second, the resource cost of mining is becoming increasingly unaffordable, not to mention the inefficiency associated with this aspect of the system design. Again, it is possible that within a few years it will become infeasible to rely on this distributed model, however consolidated, to verify transactions.


clearly, i don't agree with this.  their concerns have been addressed many times here in the forums.  plus, i think the Fed seriously underestimates the drive of the ppl to regain control of their money (wealth and capital).  

in fact i'll go as far as to repeat what i've said before:  The blockchain may only ever be applicable to Bitcoin as Money-cypherdoc

this is why we're all here in the first place.

http://www.bostonfed.org/economic/current-policy-perspectives/2014/cpp1404.pdf


So childish those non-arguments!

That really does not sound like the initial results the fed got from their analysts..

http://www.reddit.com/r/Bitcoin/comments/2cpew8/game_changer_bitcoin_research_at_the_federal/

Probably buried the real deal. ^^

ps: reddit source, not sure if true, although the guy wrote in a very good english and puts relative efforts into proving his point and identity.

thanks for reminding me of that.

i find it interesting that all the negative pronouncements we are getting from different countries come from their CB's.  the other gvt agencies seem to be sufficiently confused enough to go along.  the most striking example was out of China last year.  several gvt agencies actually had issued somewhat positive reports on Bitcoin.  only several months later when the PBOC weighed in did the negative propaganda start coming out of their mouths.  what do you expect?

the binary proposition with Bitcoin is so huge and the potential for so much disruption for positive good remains so high that if there is ANY chance that it can work makes it worthwhile to get involved.

and the fact of the matter is that Bitcoin looks like it is NOT going anywhere.
NewLiberty
Legendary
*
Offline Offline

Activity: 1064


Gresham's Lawyer


View Profile WWW
September 15, 2014, 05:22:54 PM
 #12029

Oh Noes!  The block chain takes so many gigabytes now that it costs almost US$10 to store it on a thumb drive smaller than most the keys on your keychain.

Unfeasible!

They are living in the 20th century, or earlier methinks.

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
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 15, 2014, 05:26:26 PM
 #12030

Oh Noes! 

i love your humor Cheesy

or maybe you're just a cocky ass troll, like me, according to notme. Grin
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 15, 2014, 05:27:56 PM
 #12031



cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 15, 2014, 05:30:06 PM
 #12032

ok NXT, when are you going to get it together?

https://twitter.com/jgarzik/status/511566276255154177
devphp
Sr. Member
****
Offline Offline

Activity: 336


View Profile
September 15, 2014, 05:48:44 PM
 #12033

ok NXT, when are you going to get it together?

https://twitter.com/jgarzik/status/511566276255154177

I've just compiled nxt binary from sources. It took exactly 2 seconds, compile.sh script is bundled with the package. You need JDK, not JRE.
Try it yourself, source code is included:
https://bitbucket.org/JeanLucPicard/nxt/downloads/nxt-client-1.2.8.zip

Garzik has no idea what he's twitting about or has an intention to spread FUD.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 15, 2014, 05:56:31 PM
 #12034

from the Boston Fed:  

Second, the resource cost of mining is becoming increasingly unaffordable, not to mention the inefficiency associated with this aspect of the system design. Again, it is possible that within a few years it will become infeasible to rely on this distributed model, however consolidated, to verify transactions.


if it's so unaffordable, then why does it keep doing this?:

kodtycoon
Hero Member
*****
Offline Offline

Activity: 770


View Profile
September 15, 2014, 06:13:00 PM
 #12035

ok NXT, when are you going to get it together?

https://twitter.com/jgarzik/status/511566276255154177

I've just compiled nxt binary from sources. It took exactly 2 seconds, compile.sh script is bundled with the package. You need JDK, not JRE.
Try it yourself, source code is included:
https://bitbucket.org/JeanLucPicard/nxt/downloads/nxt-client-1.2.8.zip

Garzik has no idea what he's twitting about or has an intention to spread FUD.

FUD would be my guess.. have you seen him WRONGLY attack any other coins as of late? nope.. didnt think so.. wouldnt be so bad if it was actually true.

"Pioneering a revolutionary novel consensus mechanism called proof of importance."
tvbcof
Legendary
*
Online Online

Activity: 1988


View Profile
September 15, 2014, 06:16:19 PM
 #12036

Oh Noes!  The block chain takes so many gigabytes now that it costs almost US$10 to store it on a thumb drive smaller than most the keys on your keychain.

Unfeasible!

They are living in the 20th century, or earlier methinks.

Not that actual bulk storage of the blockchain has ever been terribly concerning, but...

What gets me is the people who worship at the alter of Moore's law.  In my own experience, I got my first computer about 30 years ago.  I was lucky to get a floppy drive with it.  144k if I remember correctly.  I got my first PC about 20 years ago.  210M.  About 1500x.  I bought a high capacity HDD for my place of work upon starting a new job about 10 years ago.  400G.  About 1900x.  Now I think I could reasonably get a 6T drive.  About 15x.

Bitcoin is still at it's gestational stage and is a tiny baby-step toward where a reasonably large percentage of 'enthusiasts' think it ought to end up.  Many of the consumer available technologies are approaching a point where they need progress little farther in order to meet consumer demand.  These curves plotted on top of one another reveal the problem.  Furthermore it seems likely to me that allowing free communication between individuals is to dangerous to allow and will likely be quashed should an event which facilitates it occur.  The solution to that particular problems would be to step back and let the connected industrial players take over the infrastructure aspect of the network, but when that happens Bitcoin is closer to the USD than it is to the original implementation in my view.  Yes, it will always have some advantages (hopefully) but it is simply not a compelling solution at that point.  To me.


_mr_e
Legendary
*
Offline Offline

Activity: 815



View Profile
September 15, 2014, 06:20:10 PM
 #12037

I'm just glad to see you are keeping an eye on Nxt's affairs:P You'll be hearing much more about it over the next few months, I can promise you that.

I look forward to the day when we can look back and laugh at how dismissive you all were, just like the early days of bitcoin.
Tobo
Hero Member
*****
Offline Offline

Activity: 698


View Profile
September 15, 2014, 06:20:13 PM
 #12038

ok NXT, when are you going to get it together?
https://twitter.com/jgarzik/status/511566276255154177
I've just compiled nxt binary from sources. It took exactly 2 seconds, compile.sh script is bundled with the package. You need JDK, not JRE.
Try it yourself, source code is included:
https://bitbucket.org/JeanLucPicard/nxt/downloads/nxt-client-1.2.8.zip
Garzik has no idea what he's twitting about or has an intention to spread FUD.

Obviously he was spreading FUD. Why are some people so afraid of Nxt and willing to lie?
devphp
Sr. Member
****
Offline Offline

Activity: 336


View Profile
September 15, 2014, 06:21:51 PM
 #12039

I'm just glad to see you are keeping an eye on Nxt's affairs:P You'll be hearing much more about it over the next few months, I can promise you that.

I look forward to the day when we can look back and laugh at how dismissive you all were, just like the early days of bitcoin.

I've never used twitter, can twits be deleted by the owner? If not, it would be funny to bring those up from time to time in the future Smiley
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
September 15, 2014, 06:22:36 PM
 #12040

Many of the consumer available technologies are approaching a point where they need progress little farther in order to meet consumer demand.  These curves plotted on top of one another reveal the problem.  Furthermore it seems likely to me that allowing free communication between individuals is to dangerous to allow and will likely be quashed should an event which facilitates it occur.  The solution to that particular problems would be to step back and let the connected industrial players take over the infrastructure aspect of the network, but when that happens Bitcoin is closer to the USD than it is to the original implementation in my view.  Yes, it will always have some advantages (hopefully) but it is simply not a compelling solution at that point.  To me.


i don't know man.  seems the capacity for ppl to take pics and videos of themselves is unlimited.  i was shocked to hear those actresses would even allow themselves to be photo'd nude, let alone have the pics uploaded.  narcissism at it's best, i'd guess.

as for unlimited communication, i agree gvt is a clear threat.  but i don't know how you stuff it back in the bag.  we're all too used to it.  i for one, will fight to retain those freedoms.
Pages: « 1 ... 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 [602] 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 ... 1560 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!