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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 1807036 times)
iCEBREAKER
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Crypto is the separation of Power and State.


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October 16, 2014, 02:34:13 AM
 #13961

mother f*ckin A.  this is exactly what Aaron Swartz killed himself over.  yet MIT stood by and did nothing during his torment by the FBI:

The memo from Harvard's faculty advisory council said major publishers had created an "untenable situation" at the university by making scholarly interaction "fiscally unsustainable" and "academically restrictive", while drawing profits of 35% or more. Prices for online access to articles from two major publishers have increased 145% over the past six years, with some journals costing as much as $40,000, the memo said.

More than 10,000 academics have already joined a boycott of Elsevier, the huge Dutch publisher, in protest at its journal pricing and access policies. Many university libraries pay more than half of their journal budgets to the publishers Elsevier, Springer and Wiley.

Robert Darnton, director of Harvard Library told the Guardian: "I hope that other universities will take similar action. We all face the same paradox. We faculty do the research, write the papers, referee papers by other researchers, serve on editorial boards, all of it for free … and then we buy back the results of our labour at outrageous prices.

"The system is absurd, and it is inflicting terrible damage on libraries. One year's subscription to The Journal of Comparative Neurology costs the same as 300 monographs. We simply cannot go on paying the increase in subscription prices. In the long run, the answer will be open-access journal publishing, but we need concerted effort to reach that goal."


http://www.theguardian.com/science/2012/apr/24/harvard-university-journal-publishers-prices

if you haven't watched this video, you need to.  such a sad story:

The Internet's Own Boy: The Story of Aaron Swartz

https://www.youtube.com/watch?v=vXr-2hwTk58

note the 14 yo kid at the end of the video who discovered a cure for pancreatic cancer due to the release of the medical literature by Aaron.

Yes, that is all intolerable and asinine beyond belief.  How dare Swartz even consider creating a p2p replacement for FriendFace?  Death was too good for him!

Along with housing, education and health care costs have been spiraling out of control for decades, ever since the gov't got involved in hiding/externalizing/subsidizing/distorting pricing mechanisms those markets.

Look at at the textbook industry to see a closely interrelated scam.

Fuck Elsevier and the corrupt system that enables/protects it.  The law says when you abuse your copyright you lose it.  Pirate ALL the things!   Cool

Interestingly enough, the first and only known Bytecoin (BCN) application was a deepweb service which retrieved scholastic articles....

The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy.  David Chaum 1996
Fungibility provides privacy as a side effect.  Adam Back 2014
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Wallets - Podcats - Roadmap - Dice - Blackjack - Github - Android }


Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016
Blocks must necessarily be full for the Bitcoin network to be able to pay for its own security.  davout 2015
Blocksize is an intentionally limited resource, like the 21e6 BTC limit.  Changing it degrades the surrounding economics, creating negative incentives.  Jeff Garzik 2013


"I believed @Dashpay instamine was a bug & not a feature but then read: https://bitcointalk.org/index.php?topic=421615.msg13017231#msg13017231
I'm not against people making money, but can't support questionable origins."
https://twitter.com/Tone_LLT/status/717822927908024320


The raison d'être of bitcoin is trustlessness. - Eric Lombrozo 2015
It is an Engineering Requirement that Bitcoin be “Above the Law”  Paul Sztorc 2015
Resiliency, not efficiency, is the paramount goal of decentralized, non-state sanctioned currency -Jon Matonis 2015

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016

Technology tends to move in the direction of making surveillance easier, and the ability of computers to track us doubles every eighteen months. - Phil Zimmerman 2013

The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004

"Hard forks cannot be co
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tabnloz
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October 16, 2014, 06:07:55 AM
 #13962

Stocks are up and down like yoyo, ending on a predictable enough rebound.

Gold is up a few dollars

Bitcoin is relatively flat, also a few dollars down.

This is just an uncomfortable pause while everyone waits to see if the not- so- invisible- hand can continue to control the confidence of the market.
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October 16, 2014, 07:43:02 AM
 #13963

mother f*ckin A.  this is exactly what Aaron Swartz killed himself over.  yet MIT stood by and did nothing during his torment by the FBI:

The memo from Harvard's faculty advisory council said major publishers had created an "untenable situation" at the university by making scholarly interaction "fiscally unsustainable" and "academically restrictive", while drawing profits of 35% or more. Prices for online access to articles from two major publishers have increased 145% over the past six years, with some journals costing as much as $40,000, the memo said.

More than 10,000 academics have already joined a boycott of Elsevier, the huge Dutch publisher, in protest at its journal pricing and access policies. Many university libraries pay more than half of their journal budgets to the publishers Elsevier, Springer and Wiley.

Robert Darnton, director of Harvard Library told the Guardian: "I hope that other universities will take similar action. We all face the same paradox. We faculty do the research, write the papers, referee papers by other researchers, serve on editorial boards, all of it for free … and then we buy back the results of our labour at outrageous prices.

"The system is absurd, and it is inflicting terrible damage on libraries. One year's subscription to The Journal of Comparative Neurology costs the same as 300 monographs. We simply cannot go on paying the increase in subscription prices. In the long run, the answer will be open-access journal publishing, but we need concerted effort to reach that goal."


http://www.theguardian.com/science/2012/apr/24/harvard-university-journal-publishers-prices

if you haven't watched this video, you need to.  such a sad story:

The Internet's Own Boy: The Story of Aaron Swartz

https://www.youtube.com/watch?v=vXr-2hwTk58

note the 14 yo kid at the end of the video who discovered a cure for pancreatic cancer due to the release of the medical literature by Aaron.



there is a theory about the fact that the lack of disruptive scientifical/technical innovation in the 21th century compared to the incredible innovative 19th century is due to the relativly weak or even not existant patent and intellectual property laws back then.
cbeast
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Let's talk governance, lipstick, and pigs.


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October 16, 2014, 08:21:10 AM
 #13964


This is just an uncomfortable pause while everyone waits to see if the not- so- invisible- hand can continue to control the confidence of the market.

That hand will get bit by honeybadger if it keeps teasing and pulling away like this.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
dEBRUYNE
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October 16, 2014, 10:19:02 AM
 #13965

Stocks are up and down like yoyo, ending on a predictable enough rebound.

Gold is up a few dollars

Bitcoin is relatively flat, also a few dollars down.

This is just an uncomfortable pause while everyone waits to see if the not- so- invisible- hand can continue to control the confidence of the market.


AEX (dutch) is down again today. Around 3%. It has lost over 13% already since the top last month.

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
Erdogan
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October 16, 2014, 10:25:17 AM
 #13966

Bitcoin compares to fiat base money; notes and cons.
...


It's more like M2: base money (which is notes and coins, plus bank reserves) plus most types of bank/money-market account balances.

In a bitcoin economy, you can't really create new on-blockchain bitcoin through fractional reserve, so the purchasing power of all bitcoin would have to more or less match the purchasing power held directly as the economy's unit-of-account in liquid or short-term form (ie, bank accounts), all else being equal. This is muddied by a number of factors, including the fact that *some* fractional reserve would still be possible (just not as much, cuz people would demand to see on-blockchain coin before leverage got too crazy), but I think this is roughly the right way to think about the equivalence.

Yes, but you could just as well say that we don't need on demand deposit accounts.
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October 16, 2014, 10:28:23 AM
 #13967

Dow -415, Bitcoin holding beautifully.


When does the QE effect inflect? The Fed can't come out with QE4 without signaling an extreme lack of confidence in markets. At some point, that signaling will overwhelm any technical boost in asset prices that the liquidity would otherwise bring (ie, banks will just sit on the funds instead of bidding up the stock market).


First they need to show that end of the current QE wreaks havoc, then a new QE can be introduced.
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October 16, 2014, 10:32:05 AM
 #13968

every Bitcoiner who's had to endure the "volatility" argument surrounding Bitcoin over the last few years needs to take this opportunity to shove that same argument regarding the stock mkt back into the face of whoever said that to you.

Lol, the DOW moves < 3% in one day ==> OMG VOLATILITY!!!
Bitcoin moves > 5% on the same day ==> sideways trading...

Keep trying Cheesy

Bitcoin is only 5.5 yo.

the Dow is over 100 yo.  what's your excuse?

Excuse?!  The level of insanity in this thread...
I don't pimp DOW, i don't feel any need to make up excuses for it as you do for Bitcoin.
But hey, if Bitcoin's not mature enough, point taken.  I'll consider it an investment once it matures Smiley

What is your excuse to regard bitcoin volatility as relevant for anything?

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October 16, 2014, 10:43:27 AM
 #13969

bloody

http://www.zerohedge.com/news/2014-10-16/everything-breaks-again-futures-tumble-peripheral-yields-soar-greek-bonds-crater
FNG
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October 16, 2014, 11:21:16 AM
 #13970

Dow futures -200

 Grin
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October 16, 2014, 11:45:12 AM
 #13971

this is an incredibly weak bounce for silver and bodes poorly for gold and the stock mkt.  looking to reload the shorts somewhere around here.  i only pause b/c we have a weekly/intermed term buy signal on gold that will occur only at the end of this week which should be good for somemore upside from here.  dicey:



yep, Dow futures ain't lookin so good. my short term setup indicates even more downside to come in the next days.  but as always, look out for the invisible hand!:

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October 16, 2014, 11:56:38 AM
 #13972

hit sub 80 oil.  amazing charade ya got going there, Fed!

NotLambchop
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October 16, 2014, 12:00:04 PM
 #13973

justusranvier
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October 16, 2014, 04:05:41 PM
 #13974

https://twitter.com/JustusRanvier/status/522779720794914816
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Bitcoin replaces central, not commercial, banks


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October 16, 2014, 04:30:52 PM
 #13975

Dow -415, Bitcoin holding beautifully.


When does the QE effect inflect? The Fed can't come out with QE4 without signaling an extreme lack of confidence in markets. At some point, that signaling will overwhelm any technical boost in asset prices that the liquidity would otherwise bring (ie, banks will just sit on the funds instead of bidding up the stock market).


First they need to show that end of the current QE wreaks havoc, then a new QE can be introduced.


http://www.bloomberg.com/news/2014-10-16/bullard-says-fed-should-consider-delay-in-ending-qe.html

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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Bitcoin: The honey badger of currencies


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October 16, 2014, 04:43:26 PM
 #13976


that is pure evil  Angry

Bro, do you even blockchain?
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October 16, 2014, 04:50:16 PM
 #13977

worth watching for gold bugs:
https://www.youtube.com/watch?v=Ro6JUChxtF4

gentlemen, gold revaluation is coming.

"between 'lives' we all have a great laugh about the parts we have performed in the 'play', and look forward to and have great fun preparing the next chapters to act out."
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October 16, 2014, 04:55:44 PM
 #13978


When who does what? Ah I see, my phone app doesn't show full convo.
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October 16, 2014, 05:08:23 PM
 #13979


but i agree with him.

plus, anyone leaving coins on an exchange deserves to lose them.
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October 16, 2014, 05:12:10 PM
 #13980

worth watching for gold bugs:
https://www.youtube.com/watch?v=Ro6JUChxtF4

gentlemen, gold revaluation is coming.

i used to listen to Willie religiously.  unfortunately, he's too gloom and doom with lots of unsubstantiated sources ala his London guy.
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