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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 1803713 times)
cypherdoc
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October 16, 2014, 05:13:21 PM
 #13981


haha, your question actually has merit.  who's the real devil?  the lender, the shorter, or the exchange enabler?
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cypherdoc
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October 16, 2014, 05:31:34 PM
 #13982

plus, anyone leaving coins on an exchange deserves to lose them.

I don't know if I would go so far as to say, "deserves".

The scantily clad woman walking down the "wrong side of the tracks" in the middle of the night doesn't deserve to get raped. Yet... at the same time, she had better adjust her behavior before something bad happens to her, because she is playing with fire.

There are shit people on the planet, that's a fact. Innocent people don't deserve the bad shit that happens to them, but they certainly play a key role in it by refusing to protect themselves. When we (those who do protect ourselves) point out their failure, we are labelled as "blaming the victim".

In today's global economy, those who protect themselves can still end up as victims thanks to the actions (or inactions) of those who don't. This is when it starts to get complicated.

Are people shorting this market with bitcoins which "belong" to others? Probably.

Should people be free to make stupid decisions? Yes!

How do we protect ourselves from the stupid decisions of others in a global economy? That's the tricky part and probably why many of us are involved with Bitcoin in the first place. I wish I had all the answers.



yeah, that was written out of emotion.
justusranvier
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October 16, 2014, 05:33:37 PM
 #13983

When who does what? Ah I see, my phone app doesn't show full convo.
For clarity:

https://twitter.com/JustusRanvier/status/522779303088377857
https://twitter.com/JustusRanvier/status/522779720794914816

iCEBREAKER
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Crypto is the separation of Power and State.


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October 16, 2014, 06:50:42 PM
 #13984

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.

I didn't listen when said to only buy physical and avoid PM stocks.  WHOOPS!

His gloom and doom are nothing if not entertaining, like the thinking man's Alex Jones.  Especially when he gets all worked up and rants like Max Kaiser!   Cheesy

The newsletter is pretty good too, although mostly a recap of the last 30 days of ZeroHedge.

Fringe conspiranoia aside, The Golden Jackass is easily worth 10 Martin Armstrongs. 

I offered a free sample, but he has zero interest in BTC.   Sad

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

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Adrian-x
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October 16, 2014, 06:54:45 PM
 #13985


It's like Pirate40 has gone from the collective memory of Bitcoin, I'm visceraly sure this is happening and we're going to have another teachable moment.

But I also feel they will invest there ill gotten fiat back into Bitcoin, as its safer.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
conspirosphere.tk
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Revolution will be decentralized


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October 16, 2014, 07:24:17 PM
 #13986

plus, anyone leaving coins on an exchange deserves to lose them.

problem is that if you don't keep coins on an exchange, then you can't trade. So if everyone followed your advice no BTC market could exist.

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October 16, 2014, 07:36:00 PM
 #13987

plus, anyone leaving coins on an exchange deserves to lose them.

problem is that if you don't keep coins on an exchange, then you can't trade. So if everyone followed your advice no BTC market could exist.
If our Rothschild OverLord of yesteryear was to think about that problem here's what he would say:
"Treat the stock Bitcoin exchange like a cold shower (quick in, quick out)."

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
sidhujag
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October 16, 2014, 09:23:20 PM
 #13988

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.

Well it is true that China is the main gold buyer along with Russia and India... and it is true that htey hold majority of the bonds during the crash... so they should have some say in the manipulation that is going on.. up till now they were happy to scoop it all up as cheap as possible.. and US has been happy to simply borrow gold away while depleting its resources so either US knows something China doesn't or US doesn't care about gold as it has another card to play (bitcoin?) or something... here have your gold, i've moved onto my bitcoin.

So the idea is that now that China has all of the gold it can set the true price and let it float without manipulation and watch it rise... and if US wants to do arb's sure.. but you need actual metal to do that to bring to the exchange in China to trade... so effectively eliminating arb'ing. Now China can set the price to double and people will buy knowing US inventory is done and real price is/was much higher in the first place... however if US has another card they might just say but wait a sec.. you dont need gold anymore look at what I got!

I guess assumption on facts are:

1) Is US inventory depleted? (can you buy contracts and have them physically delivered? I heard no)
2) Will china reprice (Why wouldn't they?)
3) Does US have a backup plan once gold shoots up and ppl run around like chickens with their heads cut off? (TIme will tell)
boumalo
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October 16, 2014, 09:41:37 PM
 #13989

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.

Well it is true that China is the main gold buyer along with Russia and India... and it is true that htey hold majority of the bonds during the crash... so they should have some say in the manipulation that is going on.. up till now they were happy to scoop it all up as cheap as possible.. and US has been happy to simply borrow gold away while depleting its resources so either US knows something China doesn't or US doesn't care about gold as it has another card to play (bitcoin?) or something... here have your gold, i've moved onto my bitcoin.

So the idea is that now that China has all of the gold it can set the true price and let it float without manipulation and watch it rise... and if US wants to do arb's sure.. but you need actual metal to do that to bring to the exchange in China to trade... so effectively eliminating arb'ing. Now China can set the price to double and people will buy knowing US inventory is done and real price is/was much higher in the first place... however if US has another card they might just say but wait a sec.. you dont need gold anymore look at what I got!

I guess assumption on facts are:

1) Is US inventory depleted? (can you buy contracts and have them physically delivered? I heard no)
2) Will china reprice (Why wouldn't they?)
3) Does US have a backup plan once gold shoots up and ppl run around like chickens with their heads cut off? (TIme will tell)

The problem of the US will not be Gold shooting up but the USD going down as Yellen increase QE

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October 16, 2014, 09:59:06 PM
 #13990

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.

Well it is true that China is the main gold buyer along with Russia and India... and it is true that htey hold majority of the bonds during the crash... so they should have some say in the manipulation that is going on.. up till now they were happy to scoop it all up as cheap as possible.. and US has been happy to simply borrow gold away while depleting its resources so either US knows something China doesn't or US doesn't care about gold as it has another card to play (bitcoin?) or something... here have your gold, i've moved onto my bitcoin.

So the idea is that now that China has all of the gold it can set the true price and let it float without manipulation and watch it rise... and if US wants to do arb's sure.. but you need actual metal to do that to bring to the exchange in China to trade... so effectively eliminating arb'ing. Now China can set the price to double and people will buy knowing US inventory is done and real price is/was much higher in the first place... however if US has another card they might just say but wait a sec.. you dont need gold anymore look at what I got!

I guess assumption on facts are:

1) Is US inventory depleted? (can you buy contracts and have them physically delivered? I heard no)
2) Will china reprice (Why wouldn't they?)
3) Does US have a backup plan once gold shoots up and ppl run around like chickens with their heads cut off? (TIme will tell)

The problem of the US will not be Gold shooting up but the USD going down as Yellen increase QE

thought they were tapering it actually?! (as the gold price..)
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October 16, 2014, 10:48:12 PM
 #13991

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.

Well it is true that China is the main gold buyer along with Russia and India... and it is true that htey hold majority of the bonds during the crash... so they should have some say in the manipulation that is going on.. up till now they were happy to scoop it all up as cheap as possible.. and US has been happy to simply borrow gold away while depleting its resources so either US knows something China doesn't or US doesn't care about gold as it has another card to play (bitcoin?) or something... here have your gold, i've moved onto my bitcoin.

So the idea is that now that China has all of the gold it can set the true price and let it float without manipulation and watch it rise... and if US wants to do arb's sure.. but you need actual metal to do that to bring to the exchange in China to trade... so effectively eliminating arb'ing. Now China can set the price to double and people will buy knowing US inventory is done and real price is/was much higher in the first place... however if US has another card they might just say but wait a sec.. you dont need gold anymore look at what I got!

I guess assumption on facts are:

1) Is US inventory depleted? (can you buy contracts and have them physically delivered? I heard no)
2) Will china reprice (Why wouldn't they?)
3) Does US have a backup plan once gold shoots up and ppl run around like chickens with their heads cut off? (TIme will tell)

The problem of the US will not be Gold shooting up but the USD going down as Yellen increase QE

Not talking about USD but gold against a basket.

One of the southern FED masters have come out and said they are for increasing QE should economy show signs of faltering.. but he is just one of many that need to vote as a consensus is formed... so its still tapering until its not.
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October 17, 2014, 12:27:11 AM
 #13992


CNBC ratings at record lows, Cramer with ZERO credibility, and yet they still find a way to plumb the depths of the Well of Stupidity even further.

Cramer: Why Ebola is behind the selloff

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October 17, 2014, 01:14:15 AM
 #13993

Cramer himself would admit he is an entertainer.  CNBC has a problem with low viewer counts and the market in general is suffering low participation despite greater then ever subsidy by government.    If he really isnt that dumb already then he is doing it for the headline and the general interest, thats his job pretty much to put on the clown suit and draw in the crowd.  
  I think he is half decent in his instincts at least, like the flash crash for example. How much of that gets twisted before we hear it Im not sure

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October 17, 2014, 02:18:19 AM
 #13994

We seem to have our own version of rewriting history here in the US now. I  can't seem to find the infamous Cramer video anymore where he talks about manipulating S&P futures pre hours when he ran his hedge fund. 
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October 17, 2014, 02:27:07 AM
 #13995

plus, anyone leaving coins on an exchange deserves to lose them.

problem is that if you don't keep coins on an exchange, then you can't trade. So if everyone followed your advice no BTC market could exist.
If our Rothschild OverLord of yesteryear was to think about that problem here's what he would say:
"Treat the stock Bitcoin exchange like a cold shower (quick in, quick out)."

Yes and don't go whining to the holders or to the mass media if your money is lost.  As you were sitting around raking in trading profits on Gox -- fake profits BTW that only existed because they weren't backed by real USD or BTC -- the truth is that the only reason you were able to do so is because the majority of the market players -- the true players -- were missing.  They were missing because they correctly estimated the counterparty risk and found proposal nonviable.

molecular
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October 17, 2014, 04:50:27 AM
 #13996


haha, your question actually has merit.  who's the real devil?  the lender, the shorter, or the exchange enabler?

As long as it's not "naked" shorting, I don't see a problem.

Yes, the lender is an idiot for assuming a risk without awareness and the shorter is an asshole... bit it's legitimate in my mind.

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October 17, 2014, 04:52:22 AM
 #13997


It's like Pirate40 has gone from the collective memory of Bitcoin, I'm visceraly sure this is happening and we're going to have another teachable moment.

I agree. We have so much to learn (and unlearn) still.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
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Gresham's Lawyer


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October 17, 2014, 04:53:50 AM
 #13998

The last two are related.
Naked shorts would only be possible by leaving coins on exchange.

FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
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molecular
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October 17, 2014, 04:57:53 AM
 #13999


CNBC ratings at record lows, Cramer with ZERO credibility, and yet they still find a way to plumb the depths of the Well of Stupidity even further.

Cramer: Why Ebola is behind the selloff

They'll always need something or someone to blame. Next it's ISIS, Putin, Iran, China, WWIII, Aliens, whatever. I hate people who don't assume responsibility for the shit they do. If you're enslaving the world using a fiat money ponzi scheme and colluding with corrupt politicians to take everyones freedom away, at least be proud of it and admit it.

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Bitcoin replaces central, not commercial, banks


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October 17, 2014, 05:05:06 AM
 #14000

https://www.youtube.com/watch?v=w3OWzZSr8Nc

fred & brian from coinbase putting to rest some obvious myth in this AMA

merchant processing volume is marginal and sell pressure on the price from these operations quasi-inexistent

they actually mention they RARELY, if ever, have to dump coins on exchange from merchant processing and most often the coins are bought by coinbase users (bullish)

"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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