Bitcoin Forum
December 08, 2016, 10:21:40 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Poll
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

Pages: « 1 ... 850 851 852 853 854 855 856 857 858 859 860 861 862 863 864 865 866 867 868 869 870 871 872 873 874 875 876 877 878 879 880 881 882 883 884 885 886 887 888 889 890 891 892 893 894 895 896 897 898 899 [900] 901 902 903 904 905 906 907 908 909 910 911 912 913 914 915 916 917 918 919 920 921 922 923 924 925 926 927 928 929 930 931 932 933 934 935 936 937 938 939 940 941 942 943 944 945 946 947 948 949 950 ... 1560 »
  Print  
Author Topic: Gold collapsing. Bitcoin UP.  (Read 1806496 times)
sidhujag
Legendary
*
Offline Offline

Activity: 1302


View Profile
November 23, 2014, 06:23:32 AM
 #17981

I predict btc prices rising so high that transactions suffer and noone wants to spend only hodl... Thus breaking rules of currency. At that point a proper eystem will begin to take hold and take over the next few years. my first concern over bitcoin is there is no inflationary concept and it will be its last.

I alao did predict that the only coins standing will be mm based coins and seems that ppl finally see the light.
1481235700
Hero Member
*
Offline Offline

Posts: 1481235700

View Profile Personal Message (Offline)

Ignore
1481235700
Reply with quote  #2

1481235700
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481235700
Hero Member
*
Offline Offline

Posts: 1481235700

View Profile Personal Message (Offline)

Ignore
1481235700
Reply with quote  #2

1481235700
Report to moderator
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
November 23, 2014, 06:24:07 AM
 #17982


The cynic in me would consider whether all the trolling you are doing here is for the benefit of the Blockstream investment pool to get some low-cost Due Diligence work out of us.  The sort of analysis you are getting from some of the folks here is pure gold. Wink

And my advice to Blockstream investors is to shut the company down now while you still have a chance and buy $21M worth of bitcoin right now while we're at a long term bottom.

The reason? There's no way in hell any bitcoin company will ever be able to outperform the BTC currency. 
cbeast
Donator
Legendary
*
Offline Offline

Activity: 1722

Let's talk governance, lipstick, and pigs.


View Profile
November 23, 2014, 01:28:18 PM
 #17983


The cynic in me would consider whether all the trolling you are doing here is for the benefit of the Blockstream investment pool to get some low-cost Due Diligence work out of us.  The sort of analysis you are getting from some of the folks here is pure gold. Wink

And my advice to Blockstream investors is to shut the company down now while you still have a chance and buy $21M worth of bitcoin right now while we're at a long term bottom.

The reason? There's no way in hell any bitcoin company will ever be able to outperform the BTC currency. 
If I ever get out of here,
Thought of giving it all away
To a registered charity.
(Quote from: NewLiberty on June 28, 1974, 05:04:08 PM. Interesting quote date)

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
NewLiberty
Legendary
*
Offline Offline

Activity: 1064


Gresham's Lawyer


View Profile WWW
November 23, 2014, 02:43:11 PM
 #17984


The cynic in me would consider whether all the trolling you are doing here is for the benefit of the Blockstream investment pool to get some low-cost Due Diligence work out of us.  The sort of analysis you are getting from some of the folks here is pure gold. Wink

And my advice to Blockstream investors is to shut the company down now while you still have a chance and buy $21M worth of bitcoin right now while we're at a long term bottom.

The reason? There's no way in hell any bitcoin company will ever be able to outperform the BTC currency. 
If I ever get out of here,
Thought of giving it all away
To a registered charity.
(Quote from: NewLiberty on June 28, 1974, 05:04:08 PM. Interesting quote date)
Either time travel is my other hobby or a digit dropped off the date parameter on the BB tag, or both.

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
NewLiberty
Legendary
*
Offline Offline

Activity: 1064


Gresham's Lawyer


View Profile WWW
November 23, 2014, 02:51:43 PM
 #17985

I predict btc prices rising so high that transactions suffer and noone wants to spend only hodl... Thus breaking rules of currency. At that point a proper eystem will begin to take hold and take over the next few years. my first concern over bitcoin is there is no inflationary concept and it will be its last.

I alao did predict that the only coins standing will be mm based coins and seems that ppl finally see the light.

Inflation punishes savers over spenders and enriches the issuing authority unjustly.  Some people think it is better for growth.  History shows stable money and low tax is the best formula for growth.  

Bitcoin is inflationary in terms of monetary base, not deflationary as new Bitcoin are issued with each block.  People consider it deflationary because its relative value tends to rise (especially when it isn't falling) and because of the asymptotic cap of 21M but Bitcoin that haven't been issued can't really be considered until they are spendable.  Bitcoin is above 4% inflation for the next few years yet as shown:


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
Keyara
Full Member
***
Offline Offline

Activity: 167


View Profile
November 23, 2014, 03:33:26 PM
 #17986

Good time to buy gold and short bitcoin.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
November 23, 2014, 03:48:43 PM
 #17987

Good time to buy gold and short bitcoin.

Quite the opposite actually. 
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
November 23, 2014, 04:33:42 PM
 #17988

Gold collapsing. Bitcoin UP!
BlindMayorBitcorn
Hero Member
*****
Offline Offline

Activity: 728


Blockchain Theorist


View Profile
November 23, 2014, 04:35:21 PM
 #17989

Gold collapsing. Bitcoin UP!

That's not what this guy is saying: https://bitcointalk.org/index.php?topic=869664.msg9631525;topicseen#msg9631525

Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
November 23, 2014, 04:38:24 PM
 #17990


You forgot the period after UP.
BlindMayorBitcorn
Hero Member
*****
Offline Offline

Activity: 728


Blockchain Theorist


View Profile
November 23, 2014, 04:39:56 PM
 #17991


Fixed:P

Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
brg444
Hero Member
*****
Offline Offline

Activity: 630

Bitcoin replaces central, not commercial, banks


View Profile
November 23, 2014, 06:26:29 PM
 #17992


The cynic in me would consider whether all the trolling you are doing here is for the benefit of the Blockstream investment pool to get some low-cost Due Diligence work out of us.  The sort of analysis you are getting from some of the folks here is pure gold. Wink

And my advice to Blockstream investors is to shut the company down now while you still have a chance and buy $21M worth of bitcoin right now while we're at a long term bottom.

The reason? There's no way in hell any bitcoin company will ever be able to outperform the BTC currency. 

 Cheesy

You don't really believe these things you write do you?

You should know some people have motives beyond financial gains.


"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
iCEBREAKER
Legendary
*
Offline Offline

Activity: 1512


Crypto is the separation of Power and State.


View Profile WWW
November 23, 2014, 06:32:29 PM
 #17993

Why is it assumed we need to implement fully decentralized smart platforms in the Bitcoin system?

Because Bitcoin is the one & only trusted ledger. If it isn't built within Bitcoin then you sacrifice trust.

Blockstream said it best : Can't be evil

Bitcoin & friends don't operate on trust, they use proof of work.  Have you even read the whitepaper?

And Bitcoin is far from being "the one & only trusted ledger."  Litecoin, Peercoin, and Primecoin have been doing very well for a couple of years, TYVM.  Why would you only trust only one form of proof of work?  If a SHA256 or ECDSA exploit is found, BTC goes to zero.

Platforms are value neutral.  TCP/IP is being used for evil as MS/Google/Apple/Facebook aid and abet the creation of databases that would make Stalin and Honecker blush with embarrassment and shame.

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
Wilhelm
Hero Member
*****
Offline Offline

Activity: 574


View Profile
November 23, 2014, 06:35:32 PM
 #17994

Why is it assumed we need to implement fully decentralized smart platforms in the Bitcoin system?

Because Bitcoin is the one & only trusted ledger. If it isn't built within Bitcoin then you sacrifice trust.

Blockstream said it best : Can't be evil

Bitcoin & friends don't operate on trust, they use proof of work.  Have you even read the whitepaper?

And Bitcoin is far from being "the one & only trusted ledger."  Litecoin, Peercoin, and Primecoin have been doing very well for a couple of years, TYVM.  Why would you only trust only one form of proof of work?  If a SHA256 or ECDSA exploit is found, BTC goes to zero.

Platforms are value neutral.  TCP/IP is being used for evil as MS/Google/Apple/Facebook aid and abet the creation of databases that would make Stalin and Honecker blush with embarrassment and shame.

1. If both SHA256 and ECDSA are cracked then you still can't crack cold wallets with no outbound transactions.
2. If one would crack Bitcoin they would be stupid to drive the price to zero. You don't kill the goose that lays golden eggs.
3. Who says Bitcoin can't change it's proof of work algorithm?

Bitcoin is like a box of chocolates. You never know what you're gonna get !!
iCEBREAKER
Legendary
*
Offline Offline

Activity: 1512


Crypto is the separation of Power and State.


View Profile WWW
November 23, 2014, 06:47:34 PM
 #17995

If one would crack Bitcoin they would be stupid to drive the price to zero. You don't kill the goose that lays golden eggs.
Who says Bitcoin can't change it's proof of work algorithm?

BTC is destroying the traditional central/statist banking model and poised to begin the same process of disintermediation for stock exchanges.  Central banking and financial markets are two geese which lay very large golden eggs for some very powerful status quo powers that be.  They have an overwhelming interest in killing BTC before it kills their ability to collect rent.

If you are long Litecoin or otherwise short BTC, driving the price to zero would make you a fortune.

If BTC changes its PoW algorithm, it's not longer BTC because the ASIC-based infrastructure currently securing its blockchain would be useless.

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
brg444
Hero Member
*****
Offline Offline

Activity: 630

Bitcoin replaces central, not commercial, banks


View Profile
November 23, 2014, 06:55:54 PM
 #17996


And Bitcoin is far from being "the one & only trusted ledger."  Litecoin, Peercoin, and Primecoin have been doing very well for a couple of years, TYVM.  Why would you only trust only one form of proof of work?  If a SHA256 or ECDSA exploit is found, BTC goes to zero.


 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
tvbcof
Legendary
*
Online Online

Activity: 1988


View Profile
November 23, 2014, 07:00:02 PM
 #17997

...
If BTC changes its PoW algorithm, it's not longer BTC because the ASIC-based infrastructure currently securing its blockchain would be useless.

WTF???  Bitcoin is only Bitcoin because is makes ASIC gear non-useless?  Um...OK.  Whatever you say chief.


brg444
Hero Member
*****
Offline Offline

Activity: 630

Bitcoin replaces central, not commercial, banks


View Profile
November 23, 2014, 07:03:34 PM
 #17998

BTC=Gold  LTC=Silver  XMR=Platinum  BBR=Palladium  XPM=Nickel  XCN=Copper  VIA=Zinc  XDN=Aluminium



 Cheesy Cheesy Cheesy Cheesy

I sure hope you don't truly believe this.


"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
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
November 23, 2014, 07:04:06 PM
 #17999


The cynic in me would consider whether all the trolling you are doing here is for the benefit of the Blockstream investment pool to get some low-cost Due Diligence work out of us.  The sort of analysis you are getting from some of the folks here is pure gold. Wink

And my advice to Blockstream investors is to shut the company down now while you still have a chance and buy $21M worth of bitcoin right now while we're at a long term bottom.

The reason? There's no way in hell any bitcoin company will ever be able to outperform the BTC currency. 

 Cheesy

You don't really believe these things you write do you?

You should know some people have motives beyond financial gains.



I absolutely believe this.

Because if you're depending on gmax luke jr to understand the economics and game theory behind Bitcoin, you're going to have a bad time. 
brg444
Hero Member
*****
Offline Offline

Activity: 630

Bitcoin replaces central, not commercial, banks


View Profile
November 23, 2014, 07:07:53 PM
 #18000


The cynic in me would consider whether all the trolling you are doing here is for the benefit of the Blockstream investment pool to get some low-cost Due Diligence work out of us.  The sort of analysis you are getting from some of the folks here is pure gold. Wink

And my advice to Blockstream investors is to shut the company down now while you still have a chance and buy $21M worth of bitcoin right now while we're at a long term bottom.

The reason? There's no way in hell any bitcoin company will ever be able to outperform the BTC currency. 

 Cheesy

You don't really believe these things you write do you?

You should know some people have motives beyond financial gains.



I absolutely believe this.

Because if you're depending on gmax luke jr to understand the economics and game theory behind Bitcoin, you're going to have a bad time. 

You can bet these guys are buying tons of BTC off market. But they're venture capitalists, their job is to fund companies, not invest in speculative assets.


"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
Pages: « 1 ... 850 851 852 853 854 855 856 857 858 859 860 861 862 863 864 865 866 867 868 869 870 871 872 873 874 875 876 877 878 879 880 881 882 883 884 885 886 887 888 889 890 891 892 893 894 895 896 897 898 899 [900] 901 902 903 904 905 906 907 908 909 910 911 912 913 914 915 916 917 918 919 920 921 922 923 924 925 926 927 928 929 930 931 932 933 934 935 936 937 938 939 940 941 942 943 944 945 946 947 948 949 950 ... 1560 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!