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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 2022643 times)
Cortex7
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October 20, 2014, 06:52:45 PM
 #14081

Out of interest: Say you were given the task of designing a portfolio to survive 1000 years, what would it be comprised of?
I don't believe this is a valid question.

We don't have the slightest idea what will be valuable 1000 years from now.

I agree there will be no correct answer until those 1000 years have elapsed, but it's a perfectly valid question, giving insight into how the person answering thinks about wealth stores as long term contenders.

Myself I would stack a portfolio to last 1000 years something like this as a starting point:

50% Precious metals.
30% Bitcoin.
20% items that may be considered valuable antiques by then ( I would have to think more on that one ).

For a portfolio, with a 10 ... 50 year outlook, I would forget the antiques and have 50% Bitcoin, 50% PM.
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October 20, 2014, 07:13:09 PM
 #14082

Out of interest: Say you were given the task of designing a portfolio to survive 1000 years, what would it be comprised of?
I don't believe this is a valid question.

We don't have the slightest idea what will be valuable 1000 years from now.

I agree there will be no correct answer until those 1000 years have elapsed, but it's a perfectly valid question, giving insight into how the person answering thinks about wealth stores as long term contenders.

Myself I would stack a portfolio to last 1000 years something like this as a starting point:

50% Precious metals.
30% Bitcoin.
20% items that may be considered valuable antiques by then ( I would have to think more on that one ).

For a portfolio, with a 10 ... 50 year outlook, I would forget the antiques and have 50% Bitcoin, 50% PM.

Land

Bagatell
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October 20, 2014, 07:24:27 PM
 #14083

Land

Land Taxes. Who holds the keys here?
cypherdoc
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October 20, 2014, 07:39:03 PM
 #14084

Btw, we have a Dow Theory bearish primary trend change in the books as both violated their Aug 7 lows.  any bounce from here is to be considered counter trend until proven otherwise.  the only question is whether we also got a Dow Theory non-confirmation:

Cortex7
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October 20, 2014, 08:00:03 PM
 #14085

Land

Maybe a small amount in land deeds, but political borders ( and thus the security of the land deed ) are quite fluid when viewed over 1k years.
molecular
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October 20, 2014, 08:03:27 PM
 #14086

Out of interest: Say you were given the task of designing a portfolio to survive 1000 years, what would it be comprised of?
I don't believe this is a valid question.

We don't have the slightest idea what will be valuable 1000 years from now.

I agree there will be no correct answer until those 1000 years have elapsed, but it's a perfectly valid question, giving insight into how the person answering thinks about wealth stores as long term contenders.

Myself I would stack a portfolio to last 1000 years something like this as a starting point:

50% Precious metals.
30% Bitcoin.
20% items that may be considered valuable antiques by then ( I would have to think more on that one ).

1000 years?

If the value is for me: my body will be gone by then. So most valuable will be some "hardware" for "me" to run on. Some processes by which "I" can exist. Maybe something like the ethereum blockchain and a religion around it to keep it alive and for providing sensing and actuation (humans and other means).

If the storage of value is for my family or clan, cult, sect or whatever: I'd say education and sensible goals and principles for the group would be a good investment. Also means of production and probably more importantly intelligence and modelling, planning capabilities and mechanisms for acquisition and preservance of knowledge and skills.

What the hell, quite a tangent...

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
cypherdoc
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October 20, 2014, 08:06:13 PM
 #14087

back to the Bitshares thing.  i now realize that it has its own blockchain and is just a variation of the same POS scheme.  sorry, i don't study these alts.

the fact that Daniel Larimer keeps changing the protocol is concerning, not to mention his public nature and those required of the delegate nodes.  the merger with Ethereum indicates to me that both are struggling to come up with a viable solution perhaps never to be found.
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October 20, 2014, 08:24:27 PM
 #14088

back to the Bitshares thing.  i now realize that it has its own blockchain and is just a variation of the same POS scheme.  sorry, i don't study these alts.

the fact that Daniel Larimer keeps changing the protocol is concerning, not to mention his public nature and those required of the delegate nodes.  the merger with Ethereum indicates to me that both are struggling to come up with a viable solution perhaps never to be found.

At my first reading of it, I thought it might be an SEC honeypot.  That the SEC wanted to get in on the great deal the FBI got by seizing crypto.  After more time looking at it, it seems more to be true believers, but I still haven't figured out how it can survive being crushed by cascading failures from economic attacks.  George Soros would have a field day with it, if there ever gets to be any real money involved.

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
Erdogan
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October 20, 2014, 08:38:16 PM
 #14089

Out of interest: Say you were given the task of designing a portfolio to survive 1000 years, what would it be comprised of?
I don't believe this is a valid question.

We don't have the slightest idea what will be valuable 1000 years from now.

I agree there will be no correct answer until those 1000 years have elapsed, but it's a perfectly valid question, giving insight into how the person answering thinks about wealth stores as long term contenders.

Myself I would stack a portfolio to last 1000 years something like this as a starting point:

50% Precious metals.
30% Bitcoin.
20% items that may be considered valuable antiques by then ( I would have to think more on that one ).

1000 years?

If the value is for me: my body will be gone by then. So most valuable will be some "hardware" for "me" to run on. Some processes by which "I" can exist. Maybe something like the ethereum blockchain and a religion around it to keep it alive and for providing sensing and actuation (humans and other means).

If the storage of value is for my family or clan, cult, sect or whatever: I'd say education and sensible goals and principles for the group would be a good investment. Also means of production and probably more importantly intelligence and modelling, planning capabilities and mechanisms for acquisition and preservance of knowledge and skills.

What the hell, quite a tangent...


Do something weird and get your name into history.

cypherdoc
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October 20, 2014, 08:44:57 PM
 #14090

back to the Bitshares thing.  i now realize that it has its own blockchain and is just a variation of the same POS scheme.  sorry, i don't study these alts.

the fact that Daniel Larimer keeps changing the protocol is concerning, not to mention his public nature and those required of the delegate nodes.  the merger with Ethereum indicates to me that both are struggling to come up with a viable solution perhaps never to be found.

At my first reading of it, I thought it might be an SEC honeypot.  That the SEC wanted to get in on the great deal the FBI got by seizing crypto.  After more time looking at it, it seems more to be true believers, but I still haven't figured out how it can survive being crushed by cascading failures from economic attacks.  George Soros would have a field day with it, if there ever gets to be any real money involved.

More like regulatory attacks. Don't forget that rumor that came out on reddit about the SEC/FINCEN coming out with a surprise announcement soon. There's no way, imo, they are going to let share issuance go unchallenged, especially when they have public figures to attack.
Cortex7
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October 20, 2014, 08:53:54 PM
 #14091

1000 years?

If the value is for me: my body will be gone by then. So most valuable will be some "hardware" for "me" to run on. Some processes by which "I" can exist. Maybe something like the ethereum blockchain and a religion around it to keep it alive and for providing sensing and actuation (humans and other means).

If the storage of value is for my family or clan, cult, sect or whatever: I'd say education and sensible goals and principles for the group would be a good investment. Also means of production and probably more importantly intelligence and modelling, planning capabilities and mechanisms for acquisition and preservance of knowledge and skills.

What the hell, quite a tangent...

Alcor accepts bitcoin Cheesy

http://www.reddit.com/r/Bitcoin/comments/27yjsu/you_can_now_pay_for_your_own_cryonic_suspension/
molecular
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October 20, 2014, 09:11:11 PM
 #14092

Out of interest: Say you were given the task of designing a portfolio to survive 1000 years, what would it be comprised of?
I don't believe this is a valid question.

We don't have the slightest idea what will be valuable 1000 years from now.

I agree there will be no correct answer until those 1000 years have elapsed, but it's a perfectly valid question, giving insight into how the person answering thinks about wealth stores as long term contenders.

Myself I would stack a portfolio to last 1000 years something like this as a starting point:

50% Precious metals.
30% Bitcoin.
20% items that may be considered valuable antiques by then ( I would have to think more on that one ).

1000 years?

If the value is for me: my body will be gone by then. So most valuable will be some "hardware" for "me" to run on. Some processes by which "I" can exist. Maybe something like the ethereum blockchain and a religion around it to keep it alive and for providing sensing and actuation (humans and other means).

If the storage of value is for my family or clan, cult, sect or whatever: I'd say education and sensible goals and principles for the group would be a good investment. Also means of production and probably more importantly intelligence and modelling, planning capabilities and mechanisms for acquisition and preservance of knowledge and skills.

What the hell, quite a tangent...


Do something weird and get your name into history.


Or maybe just have children?

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
Melbustus
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October 20, 2014, 09:26:46 PM
 #14093

...There's no way, imo, they are going to let share issuance go unchallenged, especially when they have public figures to attack.


Agreed:

... I think the main issue there is regulatory, though, not technological. But hey - maybe Patrick Byrne's lawyers can talk some sense into the SEC....

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
Cryptoasset rankings and metrics for investors: http://onchainfx.com
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October 20, 2014, 09:27:12 PM
 #14094

Out of interest: Say you were given the task of designing a portfolio to survive 1000 years, what would it be comprised of?
I don't believe this is a valid question.

We don't have the slightest idea what will be valuable 1000 years from now.

I agree there will be no correct answer until those 1000 years have elapsed, but it's a perfectly valid question, giving insight into how the person answering thinks about wealth stores as long term contenders.

Myself I would stack a portfolio to last 1000 years something like this as a starting point:

50% Precious metals.
30% Bitcoin.
20% items that may be considered valuable antiques by then ( I would have to think more on that one ).

1000 years?

If the value is for me: my body will be gone by then. So most valuable will be some "hardware" for "me" to run on. Some processes by which "I" can exist. Maybe something like the ethereum blockchain and a religion around it to keep it alive and for providing sensing and actuation (humans and other means).

If the storage of value is for my family or clan, cult, sect or whatever: I'd say education and sensible goals and principles for the group would be a good investment. Also means of production and probably more importantly intelligence and modelling, planning capabilities and mechanisms for acquisition and preservance of knowledge and skills.

What the hell, quite a tangent...


Do something weird and get your name into history.


Or maybe just have children?

You're better off starting a religion then tax your followers to fund a Crusades, and if leaders ever start pursuing power or the the truth, issued an edict and confiscate their wealth.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
marcus_of_augustus
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October 20, 2014, 10:13:44 PM
 #14095

back to the Bitshares thing.  i now realize that it has its own blockchain and is just a variation of the same POS scheme.  sorry, i don't study these alts.

the fact that Daniel Larimer keeps changing the protocol is concerning, not to mention his public nature and those required of the delegate nodes.  the merger with Ethereum indicates to me that both are struggling to come up with a viable solution perhaps never to be found.

... also note Charles Hoskinson has been involved with both BitShares and Ethereum at different stages.

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October 20, 2014, 10:36:05 PM
 #14096

... also note Charles Hoskinson has been involved with both BitShares and Ethereum at different stages.
He's got quite the track record.
cypherdoc
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October 20, 2014, 11:06:39 PM
 #14097

... also note Charles Hoskinson has been involved with both BitShares and Ethereum at different stages.
He's got quite the track record.

Yeah, his past public appearances have always been suspicious to my eyes ands ears.  Now we don't even see him anymore.

Most people are going to lose money investing in cryptocurrencies.
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October 20, 2014, 11:07:45 PM
 #14098

... also note Charles Hoskinson has been involved with both BitShares and Ethereum at different stages.
He's got quite the track record.

Which is?

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
Cryptoasset rankings and metrics for investors: http://onchainfx.com
sidhujag
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October 20, 2014, 11:11:09 PM
 #14099

back to the Bitshares thing.  i now realize that it has its own blockchain and is just a variation of the same POS scheme.  sorry, i don't study these alts.

the fact that Daniel Larimer keeps changing the protocol is concerning, not to mention his public nature and those required of the delegate nodes.  the merger with Ethereum indicates to me that both are struggling to come up with a viable solution perhaps never to be found.

At my first reading of it, I thought it might be an SEC honeypot.  That the SEC wanted to get in on the great deal the FBI got by seizing crypto.  After more time looking at it, it seems more to be true believers, but I still haven't figured out how it can survive being crushed by cascading failures from economic attacks.  George Soros would have a field day with it, if there ever gets to be any real money involved.

More like regulatory attacks. Don't forget that rumor that came out on reddit about the SEC/FINCEN coming out with a surprise announcement soon. There's no way, imo, they are going to let share issuance go unchallenged, especially when they have public figures to attack.

There is no fiat involved... unless you can pay taxes with btsx its not liable to SEC/FINCEN rules currently.. if they change it.. it would invalidate bitcoin aswell. Share issuance only needs to be registered legally at the gateway level between bitUSD etc and USD. Those are external entities outside of bitshares.

Merger with ethereum? They simply past ideas off of each other.. and now bitshares to be turing complete and ethereum to possible go to a more DPOS solution. I think its good for everyone.. but a merger im not sure about that.

The public image (posting his real name) is great for the crypto community and it would be bad if fiat was involved so legal system can go after him to try to shut it down but the way it was designed.. it was designed in every way to comply with legal system if it ever came down to that... even to a point where the company responsible for the wallet development & downloads is based in Hong Kong on purpose and replacing the word "Dividend" and "Interest" to "Burn Rate"... these little things mean they have and are thinking ahead.. and it is in the decisions they make where we place our money as investors because it precludes any technology that they come up with, which is already proving to compete with all of the competitors if not the best solution out there for what it does.

BTW if you take a look at the code, it is not an alt coin per definition.. the code is totally rewritten. It uses OP codes similar to counter party to determine bid/asks/shorts/votes and im nto sure about asset issueing.. but I only looked at the code for 5 mins.. im sure since you are pretty interested you can read up a bit more.

★☆★Syscoin - Decentralized Marketplace and Multisig Platform
Pay with Bitcoin, ZCash and many more
For more visit Syscoin.org  ★☆★
Melbustus
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October 20, 2014, 11:25:26 PM
 #14100

back to the Bitshares thing.  i now realize that it has its own blockchain and is just a variation of the same POS scheme.  sorry, i don't study these alts.

the fact that Daniel Larimer keeps changing the protocol is concerning, not to mention his public nature and those required of the delegate nodes.  the merger with Ethereum indicates to me that both are struggling to come up with a viable solution perhaps never to be found.

At my first reading of it, I thought it might be an SEC honeypot.  That the SEC wanted to get in on the great deal the FBI got by seizing crypto.  After more time looking at it, it seems more to be true believers, but I still haven't figured out how it can survive being crushed by cascading failures from economic attacks.  George Soros would have a field day with it, if there ever gets to be any real money involved.

More like regulatory attacks. Don't forget that rumor that came out on reddit about the SEC/FINCEN coming out with a surprise announcement soon. There's no way, imo, they are going to let share issuance go unchallenged, especially when they have public figures to attack.

There is no fiat involved... unless you can pay taxes with btsx its not liable to SEC/FINCEN rules currently.. if they change it.. it would invalidate bitcoin aswell. Share issuance only needs to be registered legally at the gateway level between bitUSD etc and USD. Those are external entities outside of bitshares.

Merger with ethereum? They simply past ideas off of each other.. and now bitshares to be turing complete and ethereum to possible go to a more DPOS solution. I think its good for everyone.. but a merger im not sure about that.

The public image (posting his real name) is great for the crypto community and it would be bad if fiat was involved so legal system can go after him to try to shut it down but the way it was designed.. it was designed in every way to comply with legal system if it ever came down to that... even to a point where the company responsible for the wallet development & downloads is based in Hong Kong on purpose and replacing the word "Dividend" and "Interest" to "Burn Rate"... these little things mean they have and are thinking ahead.. and it is in the decisions they make where we place our money as investors because it precludes any technology that they come up with, which is already proving to compete with all of the competitors if not the best solution out there for what it does.

BTW if you take a look at the code, it is not an alt coin per definition.. the code is totally rewritten. It uses OP codes similar to counter party to determine bid/asks/shorts/votes and im nto sure about asset issueing.. but I only looked at the code for 5 mins.. im sure since you are pretty interested you can read up a bit more.


Whoa....that's really naive. See SEC vs Trendon Shavers and US vs Faeilla. Both tried to use the "but i didn't use dollars" defense. Both had their arguments easily and completely shot down.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
Cryptoasset rankings and metrics for investors: http://onchainfx.com
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