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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?
1.  yes
2.  no

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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1901922 times)
jaredboice
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December 13, 2014, 05:42:44 PM
 #18721

"The internet is broken at a protocol level"  Cheesy
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jaredboice
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December 13, 2014, 05:43:35 PM
 #18722

"The internet protocol is what's important. The internet itself is a bad idea"  Roll Eyes
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December 13, 2014, 05:47:55 PM
 #18723

Or at least dial back on the tautologies: "You heard it here first, now is a good time to X"
and
"Broken at a protocol level"

Exactly which layer of the protocol is not a protocol level?
To say otherwise would be to say that Bitcoin is perfect, and development is complete, and development should then stop.

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December 13, 2014, 06:10:40 PM
 #18724


I don't know who the guy is, but selling in Nov 2013 was not a bad call, especially if a guy had use for money in 2014.  I'll hope the same does not end up applying to 2015 as well.

I also would neither agree nor dis-agree with his contention about protocol level deficiencies.  The contention rests very heavily on how Bitcoin is used in native form.  If as backing for sidechains, for instance, I would tentatively disagree.  If as a native exchange currency for the human inhabitants of planet earth to conduct even a small fraction of their general economic transactions in the 21st century, I could not agree more.

edit: slight

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December 13, 2014, 06:15:38 PM
 #18725

Yet another use for the blockchain outside of money: http://www.reddit.com/r/Bitcoin/comments/2p56dp/controlling_a_computer_virus_with_the_blockchain/
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December 13, 2014, 10:10:07 PM
 #18726


Bittorrent was "born regulated" too. Who cares?

The question of whether the law applies to bitcoin or not, is totally fucking irrelevant. Bitcoin is designed to be censorship resistant. The question is whether it will withstand the attack it was designed to withstand.

Everybody knows those attacks are coming, it doesn't matter whether new laws or old laws are used to justify those attacks.  Is anything in this article not obvious to everyone?
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December 14, 2014, 12:56:29 PM
 #18727


quite scary!

The next 24 hours are critical!
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December 14, 2014, 01:33:14 PM
 #18728

hum: https://www.reddit.com/r/Bitcoin/comments/2p92s2/chinese_government_official_private_digital_money/  Shocked
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December 14, 2014, 02:20:34 PM
 #18729


Imagine what is possible with ethereum.
Ideas like this need to wait until blockchain tech is mainstream before emerging!!
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December 14, 2014, 02:35:04 PM
 #18730

selling in Nov 2013 was not a bad call, especially if a guy had use for money in 2014.
Selling on November 3rd was a good call?
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December 14, 2014, 02:39:12 PM
 #18731


I don't know who the guy is, but selling in Nov 2013 was not a bad call, especially if a guy had use for money in 2014.  I'll hope the same does not end up applying to 2015 as well.

I also would neither agree nor dis-agree with his contention about protocol level deficiencies.  The contention rests very heavily on how Bitcoin is used in native form.  If as backing for sidechains, for instance, I would tentatively disagree.  If as a native exchange currency for the human inhabitants of planet earth to conduct even a small fraction of their general economic transactions in the 21st century, I could not agree more.

edit: slight

selling btc on nov. 4th 2013 was actually really bad timing.
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December 14, 2014, 05:07:07 PM
 #18732

http://www.cobdencentre.org/2014/12/red-alert-financial-markets-facing-possible-derivatives-crisis-again/
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December 14, 2014, 05:10:17 PM
 #18733

Market top?

http://fortune.com/2014/11/13/park-avenue-high-rise-condo-new-york/?utm_content=buffer11ade&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
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December 14, 2014, 05:19:40 PM
 #18734

Matonis on point again:

http://www.forbes.com/sites/jonmatonis/2013/02/24/the-cashless-utopia-mirage/
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December 14, 2014, 06:33:34 PM
 #18735


He's right. Here is an example of the statist, surveilance state, tyranny utopia, cashless money system 247 Remit Plus in the Phillipines, that will of course go nowhere:

http://www.interaksyon.com/business/101146/247-remitplus-app-to-enhance-fight-vs-money-laundering-terror-financing-gets-copyright-approval

Yes, it's all there: The system keeps lists of people that are exempt from payments, five year old payments can be rolled back. 
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December 14, 2014, 09:10:33 PM
 #18736

selling in Nov 2013 was not a bad call, especially if a guy had use for money in 2014.
Selling on November 3rd was a good call?

Well just generally late 2013 early 2014 was a good call for cash to be used in 2014.  For tax reason (which ended up not panning out) I deferred most of my sales to just after Jan 1, but I did take some profits in late 2013 just to be safe.  If the guy anticipated a top around the 2013->2014 transition, saying so in early Nov wasn't bad.  I mean anyone who knows what they are doing is not going to be leaving multiple hundreds large laying around with easy access so it will take a lot of people some lead time for staging in order to make a block of sales.


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December 14, 2014, 10:17:47 PM
 #18737

so oil is getting it hard: http://www.zerohedge.com/news/2014-12-14/exposing-oil-price-shock-contagion-transmission-pathway  Shocked

Quote
As we noted previously, counterparty risk concerns (and thus financial system fragility) are starting to rear their ugly heads.



what is happening? this cannot end well
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December 14, 2014, 10:21:52 PM
 #18738

Daniel continues to echo my sentiment:

http://bitcoinist.net/the-two-ideologies-in-bitcoin/
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December 14, 2014, 10:26:41 PM
 #18739

Daniel again. 

notice how he says that as long as we are in a transition to a new currency (Bitcoin), which we are, he would not engage in Bitcoin lending (loans).  iow, he would not recommend Bitcoin "speculation", specifically imo, that which SC's looks to promote.  the SC's ppl are his "entrepreneur" class:

https://epicenterbitcoin.com/podcast/056/
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December 14, 2014, 10:42:57 PM
 #18740

I have stumbled upon this chart on the internet, regarding the Gartner's hype cycle:

As of July 2014, cryptos just came out of the peak of inflated expectations to enter the trough of disillusionment. It is safe to say that the trough of disillusionment don't last only 6 months but typically can last 2 to 3 years. So maybe Bitcoin will be as revolutionary as we think but the bear market will last another 1 or 2 years. What do you think about that?
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