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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2022643 times)
devphp
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October 30, 2014, 07:55:53 AM
 #14941

I love coming back here every time I see the BTC price slip more and more but
the people here still are convinced gold is doomed.  LOL.

They are convinced anything but Bitcoin is doomed. Even Doge is bad now, and it's as pure PoW as could be, wtf, I understand PoS worries as PoS requires a paradigm shift in thinking but Doge?

Blind bias hasn't ever got anyone very far, I guess they're soon to find that out from personal experience, and learn that diversification is the name of the game.
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cbeast
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October 30, 2014, 08:46:20 AM
 #14942

Doge's Law: If cryptocurrency is open source and it is successful then it will be memed.

I think SCs will be cloned to death. There will be no incentive for a whale to corner an SC that he cannot build and market himself.

Except that DOGE hasn't been successfully cloned (and many have tried). Memes are marketing. Good marketing is hard and not obviously replicable.


Doge isn't successful. It is the meme inspired by Bitcoin. Doge shows that marketing gives the perception of success. Success is measured by the fear it produces. Only Bitcoin is feared by presidents and kings. The presidents and kings will try to clone SCs where they failed to clone Bitcoin successfully. They will use "Doge style" marketing to pump their SC clones.

You are missing the point. Once it is successfully memed then it can't be cloned to death. There will be many tries, but at some point one will dominate and then future meme clones will just fail. That's what happened after DOGE took off. There were cat coins, rapper coins, and all sorts of dumb attempts to clone it. They went nowhere. A year later DOGE is now #3 out of 1000+.











You obviously don't understand memes. I'm not hating doggie, it's funny and the press can't hate bitcoin and love doggies. It serves the purpose of being Bitcoin's fool. Every doge has its day. It's a great gimmick. They can't copy a caricature because then it just shows you have no imagination.











Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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October 30, 2014, 09:10:06 AM
 #14943

I love coming back here every time I see the BTC price slip more and more but
the people here still are convinced gold is doomed.  LOL.

They are convinced anything but Bitcoin is doomed. Even Doge is bad now, and it's as pure PoW as could be, wtf, I understand PoS worries as PoS requires a paradigm shift in thinking but Doge?

Blind bias hasn't ever got anyone very far, I guess they're soon to find that out from personal experience, and learn that diversification is the name of the game.
PoS is something you end up with when the thinking is left to the Horses because they have bigger heads. If you pay thousand and thousands of percent over making cost you get ripped off no if or buts. If a pencil manufacturer making only one million of a particular pencil and then sell it at 10000% of cost would anyone buy it? Why not after all its "rare" and limited.  If demand at first is sluggish marketing to the right people in bitcointalk altcoin section will drive demand skyhigh, this would be considered bargain of the year and enthusiastically snapped up with only 10000% mark-up.
To generate a bitcoin is somewhat akin to generating electric and takes work (effort).
In the crypto world there are a lot of charlatans, XRP is a prime example, banks are given millions for free and you can buy them.
When will established business get wind of this new way of making tons of money?

Infinite ice plan with thermal holes (Earth is one of them) and parallel firmament.   
Get used to it.
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October 30, 2014, 09:15:15 AM
 #14944

[
When will established business get wind of this new way of making tons of money?

Dear Gov't,
Businesses need money. Give us some.
Thanks bye.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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October 30, 2014, 11:52:31 AM
 #14945

Speaking of gvts, no one has bothered to address my non economic malicious  attack by a gvt i outlined days ago.

Right now the most the gvt could do with their 143000 BTC address is sell it to another BTC buyer. Now, with SC's, you're handing them an opportunity to boot strap a new currency on their own terms, while at the same time offering them a risk free put. And don't expect them to tell you ahead of time. They'll be smart enough to slowly infuse the SC to create a  perception of market demand. Ask yourself how would you feel seeing at least 143000 BTC show up on a SC in staccato fashion over a period of a year accompanied by other speculative follow on scBTC?

But maybe that is the plan all along;  make a killing along side a gvt.
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October 30, 2014, 12:29:30 PM
 #14946

Ok, now I'm on a roll. Here's your solution to arb bots.

Gvt says  to their lover Wall Street, "how would you like to destroy Bitcoin? I'm gonna slowly infuse 143000 btc into SC inflatacoin. You keep buying the new scBTC on the other side of the peg on the exchange. This is your chance to be the early adopters without having to pay off all those geeks or put them in control. But get some for us too while you're at it cuz we wanna get rich too. Just keep buying. And if you need to just keep printing whatever it takes to drive the price. Eventually we'll get a run."
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October 30, 2014, 01:17:20 PM
 #14947

Actually, in the above gvt attack scenario,  arb bots help funnel BTC to scBTC faster thus increasing the speed at which the SC gains dominance.
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October 30, 2014, 01:37:29 PM
 #14948

Ok, now I'm on a roll. Here's your solution to arb bots.

 Cheesy

stop it. I'm saying it in the most friendly way, what you are doing is not healthy, you are simply trying too hard.

you can carry on. but you might as well create a thread. your infatuation for SC doomsday scenario is taking too much place in this thread, as others have mentioned (I recognize I am also guilty of entertaining this back n forth)

i appreciate and enjoy your market analysis pertaining to this thread's original topic so lets go back to that. if you create a different thread where you can sum up your scenarios for SC attacks and update your theory (which changes daily) I may discuss it there but from now on let's try and keep it on topic

"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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October 30, 2014, 01:39:18 PM
 #14949

Actually, in the above gvt attack scenario,  arb bots help funnel BTC to scBTC faster thus increasing the speed at which the SC gains dominance.
Speaking of government attack scenarios, BitPay just hired Emperor Palpatine:

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October 30, 2014, 01:42:43 PM
 #14950

Actually, in the above gvt attack scenario,  arb bots help funnel BTC to scBTC faster thus increasing the speed at which the SC gains dominance.
Speaking of government attack scenarios, BitPay just hired Emperor Palpatine:



this guy is a trojan horse and doesn't even know it  Cool

"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
cbeast
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October 30, 2014, 01:57:25 PM
 #14951

Actually, in the above gvt attack scenario,  arb bots help funnel BTC to scBTC faster thus increasing the speed at which the SC gains dominance.
Speaking of government attack scenarios, BitPay just hired Emperor Palpatine:



this guy is a trojan horse and doesn't even know it  Cool
I doubt we hear anything from him. That's what scare me.   Wink

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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October 30, 2014, 02:13:19 PM
 #14952

fwiw Matt Corallo's "A look at a few Questions and Misconceptions regarding Pegged Sidechains"

http://www.blockstream.com/2014/10/30/a-look-at-a-few-questions-and-misconceptions-for-pegged-sidechains/

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
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October 30, 2014, 02:15:55 PM
 #14953

Actually, in the above gvt attack scenario,  arb bots help funnel BTC to scBTC faster thus increasing the speed at which the SC gains dominance.
Speaking of government attack scenarios, BitPay just hired Emperor Palpatine:



this guy is a trojan horse and doesn't even know it  Cool
I doubt we hear anything from him. That's what scare me.   Wink
Always two there are, a master and an apprentice.
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October 30, 2014, 02:20:06 PM
 #14954

Always two there are, a master and an apprentice.
Found him:

https://twitter.com/ArthurLevitt/status/527580418242269184
cbeast
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October 30, 2014, 02:22:04 PM
 #14955

Yikes! Is Tony Obi-Wan or Anakin?

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
justusranvier
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October 30, 2014, 02:23:09 PM
 #14956

Yikes! Is Tony Obi-Wan or Anakin?
Qui-Gon Jinn Sad
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October 30, 2014, 02:27:54 PM
 #14957

Speaking of gvts, no one has bothered to address my non economic malicious  attack by a gvt i outlined days ago.

Right now the most the gvt could do with their 143000 BTC address is sell it to another BTC buyer. Now, with SC's, you're handing them an opportunity to boot strap a new currency on their own terms, while at the same time offering them a risk free put. And don't expect them to tell you ahead of time. They'll be smart enough to slowly infuse the SC to create a  perception of market demand. Ask yourself how would you feel seeing at least 143000 BTC show up on a SC in staccato fashion over a period of a year accompanied by other speculative follow on scBTC?

But maybe that is the plan all along;  make a killing along side a gvt.
It isn't far fetched.
It is the chartered purpose of the Federal Reserve, and other central banks, to manipulate currency for the safety and benefit of banking institutions (oh yeah, and the nation).
It is their job to do this.  If they don't, they may be negligent in their charter.
The Fed also under the Telecommunications Service Priority (TSP), Government Emergency Telecommunications Service (GETS), and the Wireless Priority Services (WPS) programs claims authority for monetary communication networks for payment systems.

It would be done indirectly, of course, through member banks.

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
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October 30, 2014, 02:29:43 PM
 #14958

fwiw Matt Corallo's "A look at a few Questions and Misconceptions regarding Pegged Sidechains"

http://www.blockstream.com/2014/10/30/a-look-at-a-few-questions-and-misconceptions-for-pegged-sidechains/

With all due respect, that was worth squat.

I thought there was going to be some in depth answering to some of the really deep questions  that have been brought up here. But no, it was simply a marketing piece that said "trust us, we've thought about that already ".
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October 30, 2014, 02:33:13 PM
 #14959

Ok, now I'm on a roll. Here's your solution to arb bots.

 Cheesy

stop it. I'm saying it in the most friendly way, what you are doing is not healthy, you are simply trying too hard.

you can carry on. but you might as well create a thread. your infatuation for SC doomsday scenario is taking too much place in this thread, as others have mentioned (I recognize I am also guilty of entertaining this back n forth)

i appreciate and enjoy your market analysis pertaining to this thread's original topic so lets go back to that. if you create a different thread where you can sum up your scenarios for SC attacks and update your theory (which changes daily) I may discuss it there but from now on let's try and keep it on topic

I've never said this before to anyone but I will now. It's my thread and I'll talk about whatever I like.

If you don't like it, go away. No one is forcing you to read what I write.
brg444
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October 30, 2014, 02:45:19 PM
 #14960


I've never said this before but I will now. It's my thread and I'll talk about whatever I like.

If you don't like it, go away. No one is forcing you to read what I write.

 Roll Eyes

whatever

just realize I'm not the only one tired of arguments that lead nowhere, it's kinda hard keeping up with your delusions.

funny others have brought up this point but you didn't address it and told them to "go away" like you did with me.

i really must've gotten your panties in a bunch  Cheesy

"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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