Bitcoin Forum
March 19, 2024, 08:38:42 AM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
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 ... 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] 926 927 928 929 930 931 932 933 934 935 936 937 938 939 940 941 942 943 944 945 946 947 948 949 950 951 952 953 954 955 956 957 958 959 960 961 962 963 964 965 966 967 968 969 970 971 972 973 974 975 ... 1557 »
  Print  
Author Topic: Gold collapsing. Bitcoin UP.  (Read 2032123 times)
fewcoins
Full Member
***
Offline Offline

Activity: 126
Merit: 100


View Profile WWW
December 06, 2014, 12:43:24 AM
 #18481

Glad to see you post cypherdoc... There is no denying Segio is one smart dude!
1710837522
Hero Member
*
Offline Offline

Posts: 1710837522

View Profile Personal Message (Offline)

Ignore
1710837522
Reply with quote  #2

1710837522
Report to moderator
"The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1710837522
Hero Member
*
Offline Offline

Posts: 1710837522

View Profile Personal Message (Offline)

Ignore
1710837522
Reply with quote  #2

1710837522
Report to moderator
1710837522
Hero Member
*
Offline Offline

Posts: 1710837522

View Profile Personal Message (Offline)

Ignore
1710837522
Reply with quote  #2

1710837522
Report to moderator
1710837522
Hero Member
*
Offline Offline

Posts: 1710837522

View Profile Personal Message (Offline)

Ignore
1710837522
Reply with quote  #2

1710837522
Report to moderator
cypherdoc (OP)
Legendary
*
Offline Offline

Activity: 1764
Merit: 1002



View Profile
December 06, 2014, 12:56:37 AM
 #18482

It's very good that the DOJ has coughed up 80000 coins. Let's hope they keep selling.
av123
Member
**
Offline Offline

Activity: 98
Merit: 10


View Profile
December 06, 2014, 01:40:38 AM
 #18483

It's very good that the DOJ has coughed up 80000 coins. Let's hope they keep selling.

Agreed but there will likely be similar type seizures in the future (although maybe not on the scale of the Silk Road).
sidhujag
Legendary
*
Offline Offline

Activity: 2044
Merit: 1005


View Profile
December 06, 2014, 01:52:37 AM
 #18484

dow is a buy but noobs are stRting to buy stocks again so careful... hedge by buying gold silver because noobs starting to short gold
cypherdoc (OP)
Legendary
*
Offline Offline

Activity: 1764
Merit: 1002



View Profile
December 06, 2014, 03:01:49 AM
 #18485

Back into the bullish flag. Just a matter of time. 
cypherdoc (OP)
Legendary
*
Offline Offline

Activity: 1764
Merit: 1002



View Profile
December 06, 2014, 03:34:28 AM
Last edit: December 06, 2014, 03:57:44 AM by cypherdoc
 #18486

It's coming:

Russian BTC buying continues to accelerate - localbitcoins volume sets 7th consecutive weekly record.

http://bitcoincharts.com/charts/localbtcRUB#igWeeklyztgSzm1g10zm2g25zvzcv
lunarboy
Hero Member
*****
Offline Offline

Activity: 544
Merit: 500



View Profile
December 06, 2014, 03:53:52 AM
 #18487

It's coming:

Russian BTC buying continues to accelerate - localbitcoins volume sets 7th consecutive weekly record.




I presume any recovery will be tempered, at least until the rest of those 93000 coins have been sold off by the fed.
bitgold
Sr. Member
****
Offline Offline

Activity: 353
Merit: 250


View Profile
December 06, 2014, 04:32:37 AM
 #18488

It's coming:

Russian BTC buying continues to accelerate - localbitcoins volume sets 7th consecutive weekly record.

http://bitcoincharts.com/charts/localbtcRUB#igWeeklyztgSzm1g10zm2g25zvzcv

Nice to know, so far Russian has been below expectation.
_mr_e
Legendary
*
Offline Offline

Activity: 817
Merit: 1000



View Profile
December 06, 2014, 05:49:48 AM
Last edit: December 06, 2014, 04:13:05 PM by _mr_e
 #18489

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

The fact that you are still sticking to this quote has caused me to switch from seriously respecting you to someone who can no longer take you seriously. It has already been proven time and time again that the blockchain is a brand new science that has yet to be fully explored and it's ramifications yet undiscovered. There are so many examples of how the blockchain can be used for so so much more then bitcoin as money, that your closed mindedness has me in such a serious state of shock and wonder. How is it that your mind can be so open open to Bitcoin while being so closed to it's innovations, yet be so shut down to the possibilities that the next 100 years will not expand on this innovation in more ways then humans can even begin to imagine?

Why don't you take a look at this, and tell me the blockchain is only applicable to money?

https://nxtforum.org/nxt-projects/helix-dapps-test-cp-repos/

http://finhive.com/roadmap.html
Melbustus
Legendary
*
Offline Offline

Activity: 1722
Merit: 1003



View Profile
December 06, 2014, 06:24:59 AM
 #18490

Steller (and by extension, Ripple) consensus now empirically broken: https://www.stellar.org/blog/safety_liveness_and_fault_tolerance_consensus_choice/

Temporary fix is to degrade the network to a single (!) validating node.

Sounds like the long-term fix is to introduce some sort of a network-wide "pause" ability.....several months from now.

I'm guessing that they'll eventually explicitly abandon meaningful decentralization.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
cypherdoc (OP)
Legendary
*
Offline Offline

Activity: 1764
Merit: 1002



View Profile
December 06, 2014, 07:20:32 AM
 #18491

Steller (and by extension, Ripple) consensus now empirically broken: https://www.stellar.org/blog/safety_liveness_and_fault_tolerance_consensus_choice/

Temporary fix is to degrade the network to a single (!) validating node.

Sounds like the long-term fix is to introduce some sort of a network-wide "pause" ability.....several months from now.

I'm guessing that they'll eventually explicitly abandon meaningful decentralization.

Wow, that's a big deal.

Looks like lights out for Ripple.
smooth
Legendary
*
Offline Offline

Activity: 2968
Merit: 1197



View Profile
December 06, 2014, 07:49:02 AM
 #18492

Looks like lights out for Ripple.

Nah they will probably just continue to market the service as a centralized system. They have all these deals with banks and such now. Do those people actually care about decentralized?

It is lights out for being meaningful competition to bitcoin, but I'm not sure it ever was.

cypherdoc (OP)
Legendary
*
Offline Offline

Activity: 1764
Merit: 1002



View Profile
December 06, 2014, 07:53:05 AM
 #18493

Looks like lights out for Ripple.

Nah they will probably just continue to market the service as a centralized system. They have all these deals with banks and such now. Do those people actually care about decentralized?

It is lights out for being meaningful competition to bitcoin, but I'm not sure it ever was.



Didn't they run off a hashchain model?
smooth
Legendary
*
Offline Offline

Activity: 2968
Merit: 1197



View Profile
December 06, 2014, 07:55:41 AM
 #18494

Looks like lights out for Ripple.

Nah they will probably just continue to market the service as a centralized system. They have all these deals with banks and such now. Do those people actually care about decentralized?

It is lights out for being meaningful competition to bitcoin, but I'm not sure it ever was.



Didn't they run off a hashchain model?

I read this once: https://wiki.ripple.com/Consensus

If I recall correctly there was some sort of trusted root list. I gather from this new post that they will have a single trusted root now (until the new snake oil "distributed" algorithm can be developed). But I may well have some details wrong. It's been some time since I took Ripple seriously at all.

cypherdoc (OP)
Legendary
*
Offline Offline

Activity: 1764
Merit: 1002



View Profile
December 06, 2014, 08:04:19 AM
 #18495

Looks like lights out for Ripple.

Nah they will probably just continue to market the service as a centralized system. They have all these deals with banks and such now. Do those people actually care about decentralized?

It is lights out for being meaningful competition to bitcoin, but I'm not sure it ever was.



Didn't they run off a hashchain model?

I read this once: https://wiki.ripple.com/Consensus

If I recall correctly there was some sort of trusted root list. I gather from this new post that they will have a single trusted root now (until the new snake oil "distributed" algorithm can be developed). But I may well have some details wrong. It's been some time since I took Ripple seriously at all.



I'm not sure they have that many banks.  From what I remember there is Fidor and 2 small east  coast banks.  This kind of fault should be enough to kill them off imo. I think it is a hashchain model which I never understood how it could even work.
smooth
Legendary
*
Offline Offline

Activity: 2968
Merit: 1197



View Profile
December 06, 2014, 08:12:31 AM
 #18496

Looks like lights out for Ripple.

Nah they will probably just continue to market the service as a centralized system. They have all these deals with banks and such now. Do those people actually care about decentralized?

It is lights out for being meaningful competition to bitcoin, but I'm not sure it ever was.



Didn't they run off a hashchain model?

I read this once: https://wiki.ripple.com/Consensus

If I recall correctly there was some sort of trusted root list. I gather from this new post that they will have a single trusted root now (until the new snake oil "distributed" algorithm can be developed). But I may well have some details wrong. It's been some time since I took Ripple seriously at all.



I'm not sure they have that many banks.  From what I remember there is Fidor and 2 small east  coast banks.  This kind of fault should be enough to kill them off imo. I think it is a hashchain model which I never understood how it could even work.

I thought they had more deals but I guess those were just rumors. I don't see anything else announced.

What about Stellar? They're fairly new and got 3 million USD startup funds from Stripe, which in turn just raised another 50 million giving it a 3.5 billion valuation. Do you think they keep going with this?

Melbustus
Legendary
*
Offline Offline

Activity: 1722
Merit: 1003



View Profile
December 06, 2014, 08:22:00 AM
 #18497

Looks like lights out for Ripple.

Nah they will probably just continue to market the service as a centralized system. They have all these deals with banks and such now. Do those people actually care about decentralized?

It is lights out for being meaningful competition to bitcoin, but I'm not sure it ever was.



Didn't they run off a hashchain model?

I read this once: https://wiki.ripple.com/Consensus

If I recall correctly there was some sort of trusted root list. I gather from this new post that they will have a single trusted root now (until the new snake oil "distributed" algorithm can be developed). But I may well have some details wrong. It's been some time since I took Ripple seriously at all.



I'm not sure they have that many banks.  From what I remember there is Fidor and 2 small east  coast banks.  This kind of fault should be enough to kill them off imo. I think it is a hashchain model which I never understood how it could even work.


I don't know what other partnerships Ripple has, but they're pushing this new Earthport deal: http://banking-insurance.cioreview.com/news/earthport-and-ripple-labs-collaborate-to-offer-easy-crossborder-payment-solution-nid-4223-cid-23.html

In any event, I was pretty surprised about this consensus failure. I had always thought that the model was broken due to ease of Sybil attack. Didn't realize that what seems like a fairly likely-to-occur fork would wreak hours worth of irreversible havoc on the network. Yikes.

That said, I think Smooth's assertion that they'll live on with their bank partnerships and so forth is probably correct. I, for one, am seeing more excitement from the banking and fintech community about Ripple, and my guess is that they're on a path to basically being a banking system plugin that's essentially operated by the banks. This consensus failure and it's centralization-enhancing solution will accelerate that process a bit.

All in all, it just makes Ripple/Steller that much less interesting in my mind (not that it was ever all that interesting), and that much less relevant to bitcoin. Afterall, it's been clear for a while that centralized systems with bitcoin-like crypto properties would emerge. I figured some gov-coin would be the first, but maybe it's Ripple/Steller.


Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
hdbuck
Legendary
*
Offline Offline

Activity: 1260
Merit: 1002



View Profile
December 06, 2014, 10:41:47 AM
 #18498

Looks like lights out for Ripple.

Nah they will probably just continue to market the service as a centralized system. They have all these deals with banks and such now. Do those people actually care about decentralized?

It is lights out for being meaningful competition to bitcoin, but I'm not sure it ever was.



Didn't they run off a hashchain model?

I read this once: https://wiki.ripple.com/Consensus

If I recall correctly there was some sort of trusted root list. I gather from this new post that they will have a single trusted root now (until the new snake oil "distributed" algorithm can be developed). But I may well have some details wrong. It's been some time since I took Ripple seriously at all.



I'm not sure they have that many banks.  From what I remember there is Fidor and 2 small east  coast banks.  This kind of fault should be enough to kill them off imo. I think it is a hashchain model which I never understood how it could even work.


I don't know what other partnerships Ripple has, but they're pushing this new Earthport deal: http://banking-insurance.cioreview.com/news/earthport-and-ripple-labs-collaborate-to-offer-easy-crossborder-payment-solution-nid-4223-cid-23.html

In any event, I was pretty surprised about this consensus failure. I had always thought that the model was broken due to ease of Sybil attack. Didn't realize that what seems like a fairly likely-to-occur fork would wreak hours worth of irreversible havoc on the network. Yikes.

That said, I think Smooth's assertion that they'll live on with their bank partnerships and so forth is probably correct. I, for one, am seeing more excitement from the banking and fintech community about Ripple, and my guess is that they're on a path to basically being a banking system plugin that's essentially operated by the banks. This consensus failure and it's centralization-enhancing solution will accelerate that process a bit.

All in all, it just makes Ripple/Steller that much less interesting in my mind (not that it was ever all that interesting), and that much less relevant to bitcoin. Afterall, it's been clear for a while that centralized systems with bitcoin-like crypto properties would emerge. I figured some gov-coin would be the first, but maybe it's Ripple/Steller.



i'd say that's exactly the kind of initiative enabled by those same person pushing the "underlying technology" propaganda.
molecular
Donator
Legendary
*
Offline Offline

Activity: 2772
Merit: 1019



View Profile
December 06, 2014, 11:19:32 AM
 #18499

Looks like lights out for Ripple.

Nah they will probably just continue to market the service as a centralized system. They have all these deals with banks and such now. Do those people actually care about decentralized?

It is lights out for being meaningful competition to bitcoin, but I'm not sure it ever was.


I don't think it ever was: it's a debt-tracker, not money. IOUs can be created at will by participants. If you're thinking 'XRP', well yes, that's a coin, but it's heavily premined, so also no competition to Bitcoin.

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

Activity: 2968
Merit: 1197



View Profile
December 06, 2014, 11:26:04 AM
 #18500

Looks like lights out for Ripple.

Nah they will probably just continue to market the service as a centralized system. They have all these deals with banks and such now. Do those people actually care about decentralized?

It is lights out for being meaningful competition to bitcoin, but I'm not sure it ever was.


I don't think it ever was: it's a debt-tracker, not money. IOUs can be created at will by participants. If you're thinking 'XRP', well yes, that's a coin, but it's heavily premined, so also no competition to Bitcoin.

In theory, it served as a decentralized payment system. That could have served some (but clearly not all) of the same purposes as bitcoin if it actually worked, while being faster and more energy efficient. But it seems the approach is just nonsense.

Pages: « 1 ... 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] 926 927 928 929 930 931 932 933 934 935 936 937 938 939 940 941 942 943 944 945 946 947 948 949 950 951 952 953 954 955 956 957 958 959 960 961 962 963 964 965 966 967 968 969 970 971 972 973 974 975 ... 1557 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!