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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 1979506 times)
Odalv
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October 22, 2014, 09:51:09 PM
 #14181

sidechain for local economy (town, country)
This is actually a great idea.

Local currencies should be given their chance to shine so that their inherent brokenness can be made obvious to everyone.

Kind of like what Freicoin did for the concept of demurrage.

buy coffe and newspaper in local sidechain and  keep savings in bitcoin blockchain (or even Quantum computer resistant sidechain :-) )
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October 22, 2014, 09:53:14 PM
 #14182

buy coffe and newspaper in local sidechain and  keep savings in bitcoin blockchain (or even Quantum computer resistant sidechain :-) )
Good luck with that.
cypherdoc
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October 22, 2014, 09:57:45 PM
 #14183

http://www.blockstream.com/

would be interested in hearing what Gavin thinks of sidechains specifically:

https://twitter.com/gavinandresen/status/524975947356061697

I like sidechians. It can solve a lot of problems.


Gavin should be very pro-sidechains.  It solves his need for scalability. 

Many plug-ins can be installed on top of bitcoin.
e.g.  sidechain for local economy (town, country) .. "main" blockchain can remain small

how do you secure it?
Odalv
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October 22, 2014, 10:05:06 PM
 #14184

http://www.blockstream.com/

would be interested in hearing what Gavin thinks of sidechains specifically:

https://twitter.com/gavinandresen/status/524975947356061697

I like sidechians. It can solve a lot of problems.


Gavin should be very pro-sidechains.  It solves his need for scalability.  

Many plug-ins can be installed on top of bitcoin.
e.g.  sidechain for local economy (town, country) .. "main" blockchain can remain small

how do you secure it?

This bitcoins/sidechain will be only for daily expenses. (you are not forced to use it, there will be fast confirmation time. And you can easy fund(and withdraw) to main chain. No other party is needed. You own the private keys. It is protocol feature)

Edit:
Local merchant will do PoW to prevent double spent. They will not mine new bitcoins.
guy_wonderful
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October 22, 2014, 10:09:25 PM
 #14185

We (I) are shorting gold from 2008
Target 200-400 for now.

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October 22, 2014, 10:11:00 PM
 #14186

We (I) are shorting gold from 2008
Target 200-400 for now.

Ohh and I forgot to add importantly, that "and it's seems nothing special".

dEBRUYNE
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October 22, 2014, 10:25:22 PM
 #14187

We (I) are shorting gold from 2008
Target 200-400 for now.

So you're underwater for around 6 years?

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
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October 22, 2014, 10:28:38 PM
 #14188

We (I) are shorting gold from 2008
Target 200-400 for now.

So you're underwater for around 6 years?

He´s a professional shorter, trust him!


Back at short!
That was soon, that's sometimes hapends.

Short at 351
Stop at 385

Target 200.



short 327
stop 352
target same



Fuck it , i think  your newest prediction will finally gone work out!
Finaly in short. Great time to go to short right now - to sell.
Very short position, with great stops.


Position Short at 376
STOP 388
Target 200

When aproach target will post next target.


Second position.
"Mid therm" (if so can be called at btc markets)
Short at 376
Stop 418
Target 200

"To know death, Otto, you have to fuck life in the gallbladder"
www.hsbc.com  - The world´s local bank
"These FUDsters are insane egomaniacs that just want cheap BTC" - oblivi
Odalv
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October 22, 2014, 10:40:16 PM
 #14189

http://www.blockstream.com/

would be interested in hearing what Gavin thinks of sidechains specifically:

https://twitter.com/gavinandresen/status/524975947356061697

I like sidechians. It can solve a lot of problems.


Gavin should be very pro-sidechains.  It solves his need for scalability.  

Many plug-ins can be installed on top of bitcoin.
e.g.  sidechain for local economy (town, country) .. "main" blockchain can remain small

how do you secure it?

Answer #2
5 companies or individuals create their own sidechain  (they know each others, and they sign some agreement.)

- all transactions in their sidechain must be signed with all 5 parties (POS) -> in order to add in block
- working hours 10 am - 6 pm

Edit:
a)
 - "5 companies sidechain" do not have to be public (no one knows this sidechan exists). They only lock some bitcoins into "sidechain" ... only 5 signatures can unlock bitcoins in main chain
 - they can offer to their friends/customers service what moves bitcoins  in 1 sec to any other of their customer  (only 5 signatures are needed to confirm transaction in sidechain)
cypherdoc
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October 22, 2014, 10:41:52 PM
 #14190

We (I) are shorting gold from 2008
Target 200-400 for now.

Ohh and I forgot to add importantly, that "and it's seems nothing special".

you were 3 yrs too soon.
solex
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October 22, 2014, 11:06:41 PM
 #14191

http://www.blockstream.com/

would be interested in hearing what Gavin thinks of sidechains specifically:

https://twitter.com/gavinandresen/status/524975947356061697

I like sidechians. It can solve a lot of problems.


Gavin should be very pro-sidechains.  It solves his need for scalability.  

Many plug-ins can be installed on top of bitcoin.
e.g.  sidechain for local economy (town, country) .. "main" blockchain can remain small

how do you secure it?

Answer #2
5 companies or individuals create their own sidechain  (they know each others, and they sign some agreement.)

- all transactions in their sidechain must be signed with all 5 parties (POS) -> in order to add in block
- working hours 10 am - 6 pm


IBLT kicks most of the scalability argument for sidechains into touch and out of bounds.

guy_wonderful
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October 22, 2014, 11:26:44 PM
 #14192

We (I) are shorting gold from 2008
Target 200-400 for now.

So you're underwater for around 6 years?
Who cares. This position is planned more than for decade (with stops in around 7k (LOL)). if for some reason gold will climb to 3000 tomorow not even one of my eyebrows will flinch.
Typical long term trade.

Odalv
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October 22, 2014, 11:29:45 PM
 #14193

http://www.blockstream.com/

would be interested in hearing what Gavin thinks of sidechains specifically:

https://twitter.com/gavinandresen/status/524975947356061697

I like sidechians. It can solve a lot of problems.


Gavin should be very pro-sidechains.  It solves his need for scalability.  

Many plug-ins can be installed on top of bitcoin.
e.g.  sidechain for local economy (town, country) .. "main" blockchain can remain small

how do you secure it?

Answer #2
5 companies or individuals create their own sidechain  (they know each others, and they sign some agreement.)

- all transactions in their sidechain must be signed with all 5 parties (POS) -> in order to add in block
- working hours 10 am - 6 pm


IBLT kicks most of the scalability argument for sidechains into touch and out of bounds.

Sidechain offers much more than scalability.

- Assurance contracts
- Time-shifted fees
- Demurrage
- Subsidy
- Co-signed SPV proofs
- SNARKs
- ...

and all possible combination  :-) (endless opportunities)

Edit:
While main protocol intact. No one have to bother with sidechain. Only use if you like feature of sidechain.
guy_wonderful
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October 22, 2014, 11:31:13 PM
 #14194

I can give you guys another great prediction.

USDRUB 65
ANd as always , nothing special.

Im longing right from 31, from last year.

guy_wonderful
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October 22, 2014, 11:32:42 PM
 #14195

Another one?
Brent for 60 bucks?
Why not.
Althougt I'm not shorting this one... Dont realy care. 60$, $120 or $30.

Just short daytrading, periodically. So I will lose nothing if it climbs up fast.
Trend is clearly bearish +++

Adrian-x
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October 23, 2014, 12:02:06 AM
 #14196


Sidechain offers much more than scalability.

- Assurance contracts
- Time-shifted fees
- Demurrage
- Subsidy
- Co-signed SPV proofs
- SNARKs
- ...

and all possible combination  :-) (endless opportunities)

Edit:
While main protocol intact. No one have to bother with sidechain. Only use if you like feature of sidechain.

I just dont see it in sidechain, any sidechain features are limited by the reliance on Bitcoins POW Merge Mining, true innovation will be multifaceted, something a spin-off could seed.
As for all the other endless opportunities, I see Open Transaction doing a better job in a trust less environment on top of (with) Bitcoin.   

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
cypherdoc
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October 23, 2014, 12:06:44 AM
 #14197


Sidechain offers much more than scalability.

- Assurance contracts
- Time-shifted fees
- Demurrage
- Subsidy
- Co-signed SPV proofs
- SNARKs
- ...

and all possible combination  :-) (endless opportunities)

Edit:
While main protocol intact. No one have to bother with sidechain. Only use if you like feature of sidechain.

I just dont see it in sidechain, any sidechain features are limited by the reliance on Bitcoins POW Merge Mining, true innovation will be multifaceted, something a spin-off could seed.
As for all the other endless opportunities, I see Open Transaction doing a better job in a trust less environment on top of (with) Bitcoin.  

i agree.  merge mining seems to be the only chance SC's have to be secure.  however, that comes at the expense of centralization and 51% attacks.

furthermore, the upside potential of BTC is so enormous, i doubt any of these would get any traction.
cypherdoc
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October 23, 2014, 12:10:02 AM
 #14198

get ready to ask your Q's!

Mr. Back and Mr. Maxwell will hold an AMA (“ask me anything”) session on the popular social network site Reddit Thursday.
Odalv
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October 23, 2014, 12:31:57 AM
 #14199


Sidechain offers much more than scalability.

- Assurance contracts
- Time-shifted fees
- Demurrage
- Subsidy
- Co-signed SPV proofs
- SNARKs
- ...

and all possible combination  :-) (endless opportunities)

Edit:
While main protocol intact. No one have to bother with sidechain. Only use if you like feature of sidechain.

I just dont see it in sidechain, any sidechain features are limited by the reliance on Bitcoins POW Merge Mining, true innovation will be multifaceted, something a spin-off could seed.
As for all the other endless opportunities, I see Open Transaction doing a better job in a trust less environment on top of (with) Bitcoin.  

SideChain can work with Bitcoin (as currency ...  1:1 exchange  SDCoin <-> Bitcoin at protocol level) there is no need to create an Alt(Shit)Coin. but it is not restricted (some SideChain can use different exchange rate, but you will know this before enter SC).

a) You can make Bitcoin transaction  (lock my bitcoins .. I cannot use(spend) them any more in bitcoin network)
b) SideChain will see ... your bicoins are locked -> we will credit your SC address with N  SDCoins
c)  now you are able to create new transaction in SideChain  (go short, go long, transfer in 1s, ... get interest, lose by inflation ... )
d) and finally .. You can make SideChain transaction  (destroy my SideChainCoins ) and release locked bitcoins (inverse step a ... only you know how to unlock portion of locked bitcoins ... you traded "a secret" and now you know how to unlock some of them )
cypherdoc
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October 23, 2014, 01:45:54 AM
 #14200

updated list

http://www.reddit.com/r/Bitcoin/comments/2k1ayi/adam_back_greg_maxwell_and_pieter_wuille_will_be/
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