Bitcoin Forum
October 20, 2017, 11:13:50 PM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   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 ... 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] 924 925 926 927 928 929 930 931 932 933 934 935 936 937 938 939 940 941 942 943 944 945 946 947 948 949 950 951 952 953 954 955 956 957 958 959 960 961 962 963 964 965 966 967 968 969 970 971 972 973 ... 1558 »
  Print  
Author Topic: Gold collapsing. Bitcoin UP.  (Read 1996449 times)
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
December 04, 2014, 07:55:21 PM
 #18441

it's not just ridiculous, it's dangerous.

yeah.  it just goes to show you how far down the totalitarian rabbit hole these guys have gone.  really scary shit.
1508541230
Hero Member
*
Offline Offline

Posts: 1508541230

View Profile Personal Message (Offline)

Ignore
1508541230
Reply with quote  #2

1508541230
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508541230
Hero Member
*
Offline Offline

Posts: 1508541230

View Profile Personal Message (Offline)

Ignore
1508541230
Reply with quote  #2

1508541230
Report to moderator
1508541230
Hero Member
*
Offline Offline

Posts: 1508541230

View Profile Personal Message (Offline)

Ignore
1508541230
Reply with quote  #2

1508541230
Report to moderator
Ivanhoe
Hero Member
*****
Offline Offline

Activity: 841



View Profile
December 04, 2014, 08:02:51 PM
 #18442

Our task to fight them, we are doing well.
thezerg
Legendary
*
Offline Offline

Activity: 1246


View Profile
December 04, 2014, 08:03:21 PM
 #18443

i wonder if the two Voorhees are related?

    "Whatever happens, the logic now is for the issues raised in the von NotHaus case to be pursued in the political arena. We are coming up on the 50th anniversary of the Coinage Act of 1965, which stripped silver from our common coinage. President Lyndon Johnson, who signed the bill into law, called it ‘the first fundamental change in our coinage in 173 years.’ He noted that during that nearly two-century span our coinage of dimes, quarters, half dollars, and dollars have contained 90 percent silver.’

    “‘The new dimes and the new quarters will contain no silver,’ the president confessed. ‘They will be composites, with faces of the same alloy used in our 5-cent piece that is bonded to a core of pure copper.’ That is how the debasement began, though LBJ did issue a warning. ‘If anybody has any idea of hoarding our silver coins, let me say this. Treasury has a lot of silver on hand, and it can be, and it will be used to keep the price of silver in line with its value in our present silver coin.’

    “It was a vain boast. At the time, the value of the dollar was more than two-thirds of an ounce of silver, as it was in 1792. By January 1980, the value of a dollar plunged to less than a 49th of an ounce of silver and even today has regained nowhere near its historic value. It is a shocking abdication by the United States Congress, a point that von NotHaus has thrown into sharper relief than any monetary gadfly has managed to do in years. That is no small achievement.”


http://schiffgold.com/key-gold-news/nothaus-liberty-dollar-sentencing-013/

Then spake the judge, sentencing von NotHaus to but six months of home detention, to run concurrently with three years of probation.

AND he got all $7M of silver back.  Cheesy

The judge has to slap his wrist because the coin unfortunately DOES look quite official.  But its hard to find criminal intent when the "counterfeit" coin's melt value was greater than its denominated face value (assuming you make the mistake of thinking the "dollars" on the coin refer to USD).  

The prosecution was asking for 14+ years and 16000 lbs of silver, which exemplifies one of the key problems with the US justice system.  The govt prosecutors are incapable of saying "ok we made our point.  We've brought clarity to exactly what counterfeiting is, but clearly this situation is nothing like printing $100 bills on spare paper."  Instead they go after this guy with everything they've got like he's public enemy #1.
molecular
Donator
Legendary
*
Offline Offline

Activity: 2366



View Profile
December 04, 2014, 08:20:12 PM
 #18444

Our task to fight them, we are doing well.

I propose not to fight (just makes them stronger), but to transcend them.


PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
December 04, 2014, 08:21:22 PM
 #18445

no wonder they're scared.  i'd be too:



brg444
Hero Member
*****
Offline Offline

Activity: 644

Bitcoin replaces central, not commercial, banks


View Profile
December 04, 2014, 08:23:36 PM
 #18446

no wonder they're scared.  i'd be too:

Quite amazing that the price remains so stagnant.

This thing will blow up the moment we get any momentum

"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
December 04, 2014, 08:26:24 PM
 #18447

definitely some charts to watch:

RUT failing to make a new high:



$DJT failing?:


rocks
Legendary
*
Offline Offline

Activity: 1153


View Profile
December 04, 2014, 08:26:57 PM
 #18448

I feel we're coming to a crossroads. We go down one path and there's freedom and prosperity for most, we go down the other one and there's oppression and suffering for almost everyone (well, maybe not, maybe it'll be kind of enjoyable because we're going to be so damn brainwashed that we don't even realize what's being done to us and how our lives could be different)


I feel the same way.

My worry though is what if the crossroads already happened for the US as a society 100 years ago, and we are merely witnessing the eventual fallout of a path already chosen? When the original progressive era (both progressive Democrats and progressive republicans) started to choose security over freedom and privacy on many levels.

Not to get too OT, but the US today bombs multiple counties regularly in order to maintain the petrodollar, and most do not care because it is out of sight and maintains everyone's standard of living. (seriously have you been tracking the target vs "collateral damage" numbers of these strikes?)  I don't believe a society that was truly interested in freedom would turn such a blind eye to the number of innocent people Obama has droned around the world.
molecular
Donator
Legendary
*
Offline Offline

Activity: 2366



View Profile
December 04, 2014, 08:29:40 PM
 #18449

ohoh



PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
December 04, 2014, 08:32:04 PM
 #18450

i think we should all marvel at the beauty of the growing decentralization of mining over the last year.  look at that graph...Nash is alive!

cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
December 04, 2014, 08:33:47 PM
 #18451

no wonder they're scared.  i'd be too:

Quite amazing that the price remains so stagnant.

This thing will blow up the moment we get any momentum

you just wait.

there's a massive green candle out there somewhere...
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
December 04, 2014, 08:35:29 PM
 #18452

ohoh




even i have to admit there was a point late last year or early this year when i was worried about the lack of tx growth.  that clearly is no longer a concern and i am as bullish as ever.
Martijnvdc
Sr. Member
****
Offline Offline

Activity: 322


View Profile
December 04, 2014, 09:01:11 PM
 #18453

i think we should all marvel at the beauty of the growing decentralization of mining over the last year.  look at that graph...Nash is alive!


I recently read GHash.IO was reaching a dangerous size where it could possibly launch a 51% attack. Your chart shows it's rather small... I looked it up and found it was indeed a recent chart:
https://blockchain.info/pools
Either my article was old or there are tricks to pull off a 51% attack which i don't know about... Wouldn't discus fish be an even bigger threat then??
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
December 04, 2014, 09:13:16 PM
 #18454

i think we should all marvel at the beauty of the growing decentralization of mining over the last year.  look at that graph...Nash is alive!


I recently read GHash.IO was reaching a dangerous size where it could possibly launch a 51% attack. Your chart shows it's rather small... I looked it up and found it was indeed a recent chart:
https://blockchain.info/pools
Either my article was old or there are tricks to pull off a 51% attack which i don't know about... Wouldn't discus fish be an even bigger threat then??

earlier this year ghash did get over 50% and some "rogue" employee pulled off a small double spend but was immediately caught and fired.  at least, that's the story.

but immediately the community responded by individual miners dispersing to other pools and even ghash voluntarily began restricting new miners to actively bring down their %.

Discus will unlikely be a problem as hardware costs are decreasing allowing more wide distribution and the mining sector, in general, is likely to contract for a short while until the price starts going back up.
Martijnvdc
Sr. Member
****
Offline Offline

Activity: 322


View Profile
December 04, 2014, 09:26:23 PM
 #18455

earlier this year ghash did get over 50% and some "rogue" employee pulled off a small double spend but was immediately caught and fired.  at least, that's the story.

but immediately the community responded by individual miners dispersing to other pools and even ghash voluntarily began restricting new miners to actively bring down their %.

Discus will unlikely be a problem as hardware costs are decreasing allowing more wide distribution and the mining sector, in general, is likely to contract for a short while until the price starts going back up.
From over 50% to 14% within the same year?!
I wonder if this could ever happen again. What if a single big investor comes along and builds a very large mining facility? Or would that be irrelevant since the worldwide hashrates increase too fast for it to really matter?
I'm surprised the BTC market didn't panic... Since it threatened the decentralised foundation on which bitcoin relies.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
December 04, 2014, 09:46:30 PM
 #18456

earlier this year ghash did get over 50% and some "rogue" employee pulled off a small double spend but was immediately caught and fired.  at least, that's the story.

but immediately the community responded by individual miners dispersing to other pools and even ghash voluntarily began restricting new miners to actively bring down their %.

Discus will unlikely be a problem as hardware costs are decreasing allowing more wide distribution and the mining sector, in general, is likely to contract for a short while until the price starts going back up.
From over 50% to 14% within the same year?!
I wonder if this could ever happen again. What if a single big investor comes along and builds a very large mining facility? Or would that be irrelevant since the worldwide hashrates increase too fast for it to really matter?
I'm surprised the BTC market didn't panic... Since it threatened the decentralised foundation on which bitcoin relies.

yep.

i personally doubt it altho you'll get plenty of disagreement on that. 
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
December 04, 2014, 11:23:22 PM
 #18457

ppl are getting closer to "The blockchain may only ever be applicable to Bitcoin as Money"-cypherdoc.

There is only one blockchain and it’s called Bitcoin

http://blog.oleganza.com/post/104274846653/there-is-only-one-blockchain-and-its-called
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
December 04, 2014, 11:41:55 PM
 #18458

its good news when the sharks start turning on themselves.  "someones" gotta pay:

The ruling is one of the first court decisions to clarify the legal confusion between retailers and banks in data breaches. In the past, banks were often left with the financial burden of a hacking and were responsible for replacing stolen cards. The cost of replacing stolen cards from Target’s breach alone is roughly $400 million — and the Secret Service has estimated that some 1,000 American merchants may have suffered from similar attacks.

The Target ruling makes clear that banks have a right to go after merchants if they can provide evidence that the merchant may have been negligent in securing its systems.

Mr. Newman said that Tuesday’s ruling was the beginning of a new “legal road map in determining who’s responsible for paying the significant costs associated with a hacking incident.”


http://bits.blogs.nytimes.com/2014/12/04/banks-lawsuits-against-target-for-losses-related-to-hacking-can-continue/?smid=tw-nytimestech&seid=auto&_r=1
ssmc2
Legendary
*
Offline Offline

Activity: 1064


View Profile
December 04, 2014, 11:56:50 PM
 #18459

Wonder how much they would have had to pay if Bitcoin addresses were stolen? Oh, that's right, nothing.  Cheesy
brg444
Hero Member
*****
Offline Offline

Activity: 644

Bitcoin replaces central, not commercial, banks


View Profile
December 05, 2014, 12:51:40 AM
 #18460

Quote
Dan Morehead ‏@dan_pantera
Bidding closed for US Marshals #Bitcoin auction.  Pantera placed bids below the market.  Results out tomorrow by 2pm PST.  Probably earlier.

 Undecided

markets are not gonna like 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
Pages: « 1 ... 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] 924 925 926 927 928 929 930 931 932 933 934 935 936 937 938 939 940 941 942 943 944 945 946 947 948 949 950 951 952 953 954 955 956 957 958 959 960 961 962 963 964 965 966 967 968 969 970 971 972 973 ... 1558 »
  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!