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News: Due to BIP91, it would starting now be prudent to require 5 times more confirmations than usual before trusting transactions.
 
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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?
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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1935598 times)
cypherdoc
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December 07, 2014, 03:00:07 AM
 #18541

really good discussion on SOV, swaps, wealth transfer, and creative destruction:

https://epicenterbitcoin.com/podcast/055/
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December 07, 2014, 03:06:59 AM
 #18542




This is gonna be fun... When you buy one of his books on his site, you can get a "custom inscription" which it sounds like Jim personally hand-writes on the book. So I'll be buying one with a personal inscription regarding bitcoin that'll be utterly painful for Jim to write.

I'm taking suggestions. It can be up to 150 words.

Rickards has a fairly rational position on Bitcoin.
If you have read much of his works, he thinks Bitcoin is a good thing, understands its merits, and the basics of what it is, but he is not (yet) one of us crazy optimists that expect that it will both catch on someday... and that it can also save the world.  Many here take it for granted that it will do both and don't see the very long and embattled road ahead leading toward that goal.  Others are engaged in the sometimes very hard work of moving closer toward that goal.

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NewLiberty
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December 07, 2014, 03:12:13 AM
 #18543


Gornick keeps having to remind me to stop  accidentally protecting my tweets. Try now.

Gornick is a good guy. Smiley  While he is at it, maybe he can fix Rickards too... and get him to stop using the #bictoin hashtag and use #bitcoin instead.  Wink

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
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December 07, 2014, 03:24:14 AM
 #18544

This would have never happened a year ago:

https://twitter.com/JustusRanvier/status/541431742578434048
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December 07, 2014, 03:29:00 AM
 #18545

I know buterin and larimer met up in vegas this yr and larimer convinced buterik about dpos maybe now is when they switch.. another notch under the belt for
bitshares

I see that as a  negative.

Bitshares had had to change itself several times for flawed assumptions. DPOS probably won't be any better than POS. And the fact that Vitalik was meeting with and changing its own model just this summer goes to show just how incoherent their whole concept is a well.
Flawed assumptions? I guess nature is based on flawed assumptions for allowing evolution to happen.

Or it just never works at all.
Define works

★☆★Syscoin - Decentralized Marketplace and Multisig Platform
Pay with Bitcoin, ZCash and many more
For more visit Syscoin.org  ★☆★
cypherdoc
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December 07, 2014, 03:32:44 AM
 #18546

MACD cross on weekly:

thezerg
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December 07, 2014, 03:35:36 AM
 #18547

I know buterin and larimer met up in vegas this yr and larimer convinced buterik about dpos maybe now is when they switch.. another notch under the belt for
bitshares

I see that as a  negative.

Bitshares had had to change itself several times for flawed assumptions. DPOS probably won't be any better than POS. And the fact that Vitalik was meeting with and changing its own model just this summer goes to show just how incoherent their whole concept is a well.
Flawed assumptions? I guess nature is based on flawed assumptions for allowing evolution to happen.

Or it just never works at all.
Define works

Worse than that.  I found that he lacks the fundamental mental techniques needed to objectively assess an idea.  Just read the bitshares white paper.  It is (or at least was) a lot of wishes and hand waving.  I cant believe he got money... just goes to show that its more abt who u know.
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December 07, 2014, 03:37:17 AM
 #18548

I know buterin and larimer met up in vegas this yr and larimer convinced buterik about dpos maybe now is when they switch.. another notch under the belt for
bitshares

I see that as a  negative.

Bitshares had had to change itself several times for flawed assumptions. DPOS probably won't be any better than POS. And the fact that Vitalik was meeting with and changing its own model just this summer goes to show just how incoherent their whole concept is a well.
Flawed assumptions? I guess nature is based on flawed assumptions for allowing evolution to happen.

Or it just never works at all.
Define works

i've said before that it's possible that the blockchain may only be applicable to Bitcoin as money.  perhaps if the Bitcoin price gets so high that it becomes impractical or expensive to embed Bitshare stock certificates into an OP_RETURN.  or simply that the core devs continue to restrict competition from Bitcoin 2.0 platforms like they did to Satoshi Dice and CP.  i'm not saying this is necessarily how it will play out but simply a scenario that needs to be considered.
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December 07, 2014, 03:46:31 AM
 #18549

perhaps if the Bitcoin price gets so high that it becomes impractical or expensive to embed Bitshare stock certificates into an OP_RETURN. 
Easily fixable.

Make 1 satoshi equal to more than one share of stock.
sidhujag
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December 07, 2014, 03:49:55 AM
 #18550

I know buterin and larimer met up in vegas this yr and larimer convinced buterik about dpos maybe now is when they switch.. another notch under the belt for
bitshares

I see that as a  negative.

Bitshares had had to change itself several times for flawed assumptions. DPOS probably won't be any better than POS. And the fact that Vitalik was meeting with and changing its own model just this summer goes to show just how incoherent their whole concept is a well.
Flawed assumptions? I guess nature is based on flawed assumptions for allowing evolution to happen.

Or it just never works at all.
Define works

i've said before that it's possible that the blockchain may only be applicable to Bitcoin as money.  perhaps if the Bitcoin price gets so high that it becomes impractical or expensive to embed Bitshare stock certificates into an OP_RETURN.  or simply that the core devs continue to restrict competition from Bitcoin 2.0 platforms like they did to Satoshi Dice and CP.  i'm not saying this is necessarily how it will play out but simply a scenario that needs to be considered.
Well satoshi did say this however maybe he meant for these techs not to use btc chain as it would convolute its purpose but i strongly disagree that blockchain technology should only be used for money. Bitcoin? Yes... Another chain? No

The value of the currency of bitcoin causes no impracticallity for this particular technology which simply use bitcoin as an on or off ramp to its ecosystem

Maybe this has implications for counterparty?

★☆★Syscoin - Decentralized Marketplace and Multisig Platform
Pay with Bitcoin, ZCash and many more
For more visit Syscoin.org  ★☆★
cypherdoc
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December 07, 2014, 04:04:22 AM
 #18551

I know buterin and larimer met up in vegas this yr and larimer convinced buterik about dpos maybe now is when they switch.. another notch under the belt for
bitshares

I see that as a  negative.

Bitshares had had to change itself several times for flawed assumptions. DPOS probably won't be any better than POS. And the fact that Vitalik was meeting with and changing its own model just this summer goes to show just how incoherent their whole concept is a well.
Flawed assumptions? I guess nature is based on flawed assumptions for allowing evolution to happen.

Or it just never works at all.
Define works

i've said before that it's possible that the blockchain may only be applicable to Bitcoin as money.  perhaps if the Bitcoin price gets so high that it becomes impractical or expensive to embed Bitshare stock certificates into an OP_RETURN.  or simply that the core devs continue to restrict competition from Bitcoin 2.0 platforms like they did to Satoshi Dice and CP.  i'm not saying this is necessarily how it will play out but simply a scenario that needs to be considered.
Well satoshi did say this however maybe he meant for these techs not to use btc chain as it would convolute its purpose but i strongly disagree that blockchain technology should only be used for money. Bitcoin? Yes... Another chain? No

The value of the currency of bitcoin causes no impracticallity for this particular technology which simply use bitcoin as an on or off ramp to its ecosystem

Maybe this has implications for counterparty?

maybe.

i guess my major concern is with Larimer himself.  you said "evolution" in an earlier post.  when i think of evolution, i at least think of a "working" product that gets improved upon or "evolved".  first it was what?  Protoshares or something?  then Bitshares?  and now Bitshares +/- Ethereum?  nothing substantive or workable has been released, afaik.  when does one quit?  when he runs out of investor funding?
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December 07, 2014, 04:18:44 AM
 #18552

what a great story.  Vavilov devved the BitFury in his garage in the Ukraine.  i remember reading the evolution of this chip from its beginning: https://bitcointalk.org/index.php?topic=83332.0
i guess i should feel lucky having mined with his first generation chips which are now obsolete. 

you can see that Bitfury has become a behemoth in the mining industry alongside companies out of China.  this is good for the decentralization of mining and fits well within the game theory of Nash.  he says in this article that he has no clue what's going on with these foreign companies so you can see there is very little chance that they'd collude for a 51% attack.  this is what happens when you have a form of money that is non-corruptible, sound and apolitical.  the incentive structure becomes that of pure competition with an understanding that performing honestly within the proper and immutable ruleset will get one further along than cheating.

http://www.coindesk.com/bitfury-ceo-bitcoin-mining-company/
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December 07, 2014, 04:23:49 AM
 #18553

I know buterin and larimer met up in vegas this yr and larimer convinced buterik about dpos maybe now is when they switch.. another notch under the belt for
bitshares

I see that as a  negative.

Bitshares had had to change itself several times for flawed assumptions. DPOS probably won't be any better than POS. And the fact that Vitalik was meeting with and changing its own model just this summer goes to show just how incoherent their whole concept is a well.
Flawed assumptions? I guess nature is based on flawed assumptions for allowing evolution to happen.

Or it just never works at all.
Define works

i've said before that it's possible that the blockchain may only be applicable to Bitcoin as money.  perhaps if the Bitcoin price gets so high that it becomes impractical or expensive to embed Bitshare stock certificates into an OP_RETURN.  or simply that the core devs continue to restrict competition from Bitcoin 2.0 platforms like they did to Satoshi Dice and CP.  i'm not saying this is necessarily how it will play out but simply a scenario that needs to be considered.
Well satoshi did say this however maybe he meant for these techs not to use btc chain as it would convolute its purpose but i strongly disagree that blockchain technology should only be used for money. Bitcoin? Yes... Another chain? No

The value of the currency of bitcoin causes no impracticallity for this particular technology which simply use bitcoin as an on or off ramp to its ecosystem

Maybe this has implications for counterparty?

maybe.

i guess my major concern is with Larimer himself.  you said "evolution" in an earlier post.  when i think of evolution, i at least think of a "working" product that gets improved upon or "evolved".  first it was what?  Protoshares or something?  then Bitshares?  and now Bitshares +/- Ethereum?  nothing substantive or workable has been released, afaik.  when does one quit?  when he runs out of investor funding?
Its running and working as intended. Protoshares was the legal loophole attempt to Crowdfound for bitshares.

It evolved to get merged into bitsharesx and now its called bitshares as there were problems with protoshares since its consensus algo was pow based and it was better to use dpos thus just merged into bitshares.

Ethereum is am independent project and these guys were just passing ideas off of each other.. And i guess he convinced buterik the merits of dpos..

Larimer claims the consensus it uses is orders of magnitude more secure than bitcoins.. Without wack incentives of mining.

I was a skeptic before too but for a developer I would argue it is the most unique setup of all coins. You have to understand what my philosophy is for "the coin" to get why I say that... But along the same lines I decided to use The system and become a delegate to sign blocks.. Developing whatever apps they need making me about $3k usd a month in todays prices. Yes usd i can hold in bitusd which is pegged to usd.

Anyone can becomd a delegate aslong as they provide benefit.. Bumping top 101 people doimg the best job based on whats needed

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Pay with Bitcoin, ZCash and many more
For more visit Syscoin.org  ★☆★
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December 07, 2014, 04:39:41 AM
 #18554

I know buterin and larimer met up in vegas this yr and larimer convinced buterik about dpos maybe now is when they switch.. another notch under the belt for
bitshares

I see that as a  negative.

Bitshares had had to change itself several times for flawed assumptions. DPOS probably won't be any better than POS. And the fact that Vitalik was meeting with and changing its own model just this summer goes to show just how incoherent their whole concept is a well.
I'm curious as to an anarchist such as Amir's take on PoS. I don't see much crossover between the anarchists and libertarians with PoS. While Bitcoin seems to serve both camps.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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December 07, 2014, 05:26:17 AM
 #18555




This is gonna be fun... When you buy one of his books on his site, you can get a "custom inscription" which it sounds like Jim personally hand-writes on the book. So I'll be buying one with a personal inscription regarding bitcoin that'll be utterly painful for Jim to write.

I'm taking suggestions. It can be up to 150 words.

Rickards has a fairly rational position on Bitcoin.
...


I disagree:

https://www.youtube.com/watch?v=fpYlc5oftM0

https://twitter.com/JamesGRickards/status/533057485264134144

^ He's overly negative and seems to be deliberately on the attack.

In fact, I wouldn't be all that surprised if his acceptance of bitcoin in his store was in the hopes that he would NOT see very many bitcoin sales just so that he could rant about measly volume after the holidays.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
Best info on Casascius coins: http://spotcoins.com/casascius
cypherdoc
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December 07, 2014, 06:20:56 AM
 #18556


The Internet is on Fire | Mikko Hypponen | TEDxBrussels

https://www.youtube.com/watch?v=QKe-aO44R7k&app=desktop
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December 07, 2014, 06:51:14 AM
 #18557

TedxBermuda
https://m.youtube.com/watch?v=97ufCT6lQcY

Was good one from charles

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NewLiberty
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December 07, 2014, 03:33:38 PM
 #18558




This is gonna be fun... When you buy one of his books on his site, you can get a "custom inscription" which it sounds like Jim personally hand-writes on the book. So I'll be buying one with a personal inscription regarding bitcoin that'll be utterly painful for Jim to write.

I'm taking suggestions. It can be up to 150 words.

Rickards has a fairly rational position on Bitcoin.
...


I disagree:

https://www.youtube.com/watch?v=fpYlc5oftM0

https://twitter.com/JamesGRickards/status/533057485264134144

^ He's overly negative and seems to be deliberately on the attack.

In fact, I wouldn't be all that surprised if his acceptance of bitcoin in his store was in the hopes that he would NOT see very many bitcoin sales just so that he could rant about measly volume after the holidays.
I think you just proved my point.  (absenting your inferring the invidious motives, for which you have no evidence yet)
I'd maintain that this is a fairly rational position.

His criticisms in this piece are essentially:
1) We haven't seen it during an economic downturn.
2) Government's are causing problems for it.
Both are irrefutably true.

We don't see these as insurmountable barriers, however most people do.
The market has bitcoin currently priced at about a 1% chance of success or less at its current valuations.
We are betting on the long-shot to win, and while I think we are in the right, it is rational to bet against us.

More importantly, if we do not recognize the valid criticisms against our position, we are both (a) insane and (b) unable to adequately overcome them.

As for Rickards, if we make it through the coming down cycles and can navigate the government's attacks, he will have no criticisms remaining and we should expect he would adopt.  Of course that could put him well outside the "early adopter" realm.  Anyone who owns bitcoin now (or within the next year) would be an early adopter.  

In common technology parlance, the early adopters are the first 2.5% of the users.  We are at less than 1% of potential users today, there is a long way to go.

Check out this:
https://coinreport.net/james-rickards-takes-bitcoin/

His position is highly nuanced.

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
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December 07, 2014, 03:48:19 PM
 #18559

"In common technology parlance, the early adopters are the first 2.5% of the users.  We are at less than 1% of potential users today, there is a long way to go."

How can you say that, with 13 from 21 million coins (roughly) already mined?

The next 24 hours are critical!
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December 07, 2014, 04:10:23 PM
 #18560

"In common technology parlance, the early adopters are the first 2.5% of the users.  We are at less than 1% of potential users today, there is a long way to go."

How can you say that, with 13 from 21 million coins (roughly) already mined?

Coins are not users.

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
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