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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 2013920 times)
cbeast
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Let's talk governance, lipstick, and pigs.


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January 15, 2015, 08:40:56 AM
 #20141

Geezuz, they still can't get it right. No wonder there is so much confusion. Just like the Blockstream folks. Alot of people are going to keep losing alot of money;

http://www.brookings.edu/blogs/techtank/posts/2015/01/13-blockchain-innovation-kaushal
Let's just stop calling it Bitcoin and really cause some cognitive dissonance.

If you liked Bitcoin you'll love Blockcoin.  New & Improved with 100% more cryptolicious SideChainsTM!!!
No seriously. It's a brand thing. Corporations change names all the time. We can just say we are using different "apps" on the Satoshi Blockchain, but they are compatible with the 'old' Bitcoin that people used to use. You can do this overtly and then yes, you can say your client has more features, like counterparty, colored cloins, etc. Side Chains sold separately.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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solex
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100 satoshis -> ISO code


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January 15, 2015, 09:33:32 AM
 #20142

Sarutobi is ramping the volumes....    

30,000 transactions in one day!

https://blockchain.info/address/3MXxfNZoifLYdS8wJTpvfeDNPt9ZWuMAaN

Not exactly what is needed.

Edit:  the 30k is over 5 days.


BldSwtTrs
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January 15, 2015, 09:44:04 AM
 #20143

Sarutobi is ramping the volumes....    

30,000 transactions in one day!

https://blockchain.info/address/3MXxfNZoifLYdS8wJTpvfeDNPt9ZWuMAaN

Not exactly what is needed.


So this is where the increase in number of tx/day comes from? Not very good indeed.
Melbustus
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January 15, 2015, 09:51:25 AM
 #20144

Sarutobi is ramping the volumes....    

30,000 transactions in one day!


Looks to me like the transactions start 5 days ago:
https://blockchain.info/address/3MXxfNZoifLYdS8wJTpvfeDNPt9ZWuMAaN?sort=1




Not exactly what is needed.


But what's the problem with introducing people to bitcoin via gaming microtransactions anyway?

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
Cryptoasset rankings and metrics for investors: http://onchainfx.com
sickpig
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January 15, 2015, 09:52:31 AM
 #20145

Sarutobi is ramping the volumes....    

30,000 transactions in one day!

https://blockchain.info/address/3MXxfNZoifLYdS8wJTpvfeDNPt9ZWuMAaN

Not exactly what is needed.



as peter todd already said:

Quote
"Daily BTC tx volume will hit all time next monday, if someone gives me a few hundred dollars to pay fees."

i.e. tx volume metric alone means nothing


Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
BldSwtTrs
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January 15, 2015, 10:07:58 AM
 #20146

But what's the problem with introducing people to bitcoin via gaming microtransactions anyway?
It would be better if the increase in transactions comes from remittances or merchant payments. But it's better than nothing I guess.
solex
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100 satoshis -> ISO code


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January 15, 2015, 10:12:27 AM
 #20147

But what's the problem with introducing people to bitcoin via gaming microtransactions anyway?
It would be better if the increase in transactions comes from remittances or merchant payments. But it's better than nothing I guess.

I'm more concerned about hitting the 1MB limit before there is a solution to it being rolled out.
A game app would not have to be anywhere near as popular as angry birds to flood the blocks.


cypherdoc
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January 15, 2015, 10:55:05 AM
 #20148

Bears insist on coughing up bitcoins.  And tvbcof cheers. You're idiots.

The last thing I'm doing now at these prices is coughing up BTC.  I might have finished off my early 2014 sales plan at that last $600 spikelett, but I didn't want to have my bank account shut down again.  I'm not buying, but that's mainly because I still have as many in my stash(es) as I need.  I'd consider buying again if not, but only after seeing some strong evidence that sidechains are on the way and that the Bitcoin Foundation bloatchain fork fails to materialize.  I thought the fork was looking like it might happen a year ago and it was a big factor in my deciding to sell in the quantity that I did since it is likely to permanently damage Bitcoin.



There's a thread up top asking about who sold at160.  You probably did, didn't you? Why? Because your rhetoric,  negativity, and personal attacks have palpably picked up in intensity as the price  dropped. I won't let anyone forget just how negative you've been over the last couple of weeks towards Bitcoin I'll tell you right now.  All the things wrong about it. You'll never live it down.
cypherdoc
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January 15, 2015, 11:00:53 AM
 #20149

But what's the problem with introducing people to bitcoin via gaming microtransactions anyway?
It would be better if the increase in transactions comes from remittances or merchant payments. But it's better than nothing I guess.

I'm more concerned about hitting the 1MB limit before there is a solution to it being rolled out.
A game app would not have be anywhere near as popular as angry birds to flood the blocks.



There's no doubt though that there is panic selling too as well. But even Sarotoubi serves a  purpose to pay miners,  get  the word out, and probably most importantly pay miner fees.  They need those to stay solvent and we want them to stay solvent to secure the network. And if it pushes the devs to increasing block size sooner, great.
BldSwtTrs
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January 15, 2015, 11:05:27 AM
 #20150

But what's the problem with introducing people to bitcoin via gaming microtransactions anyway?
It would be better if the increase in transactions comes from remittances or merchant payments. But it's better than nothing I guess.

I'm more concerned about hitting the 1MB limit before there is a solution to it being rolled out.
A game app would not have be anywhere near as popular as angry birds to flood the blocks.



There's no doubt though that there is panic selling too as well. But even Sarotoubi serves a  purpose to pay miners,  get  the word out, and probably most importantly pay miner fees.  They need those to stay solvent and we want them to stay solvent to secure the network. And if it pushes the devs to increasing block size sooner, great.
By the way what do you think about the political controversy around that block size increase? Mircea Popescu will do anything to screw the hard fork. This could end up being really messy.
inca
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January 15, 2015, 11:07:23 AM
 #20151

But what's the problem with introducing people to bitcoin via gaming microtransactions anyway?
It would be better if the increase in transactions comes from remittances or merchant payments. But it's better than nothing I guess.

I'm more concerned about hitting the 1MB limit before there is a solution to it being rolled out.
A game app would not have be anywhere near as popular as angry birds to flood the blocks.



There's no doubt though that there is panic selling too as well. But even Sarotoubi serves a  purpose to pay miners,  get  the word out, and probably most importantly pay miner fees.  They need those to stay solvent and we want them to stay solvent to secure the network. And if it pushes the devs to increasing block size sooner, great.
By the way what do you think about the political controversy around that block size increase? Mircea Popescu will do anything to screw the hard fork. This could end up being really messy.

Storm in a teacup.
iCEBREAKER
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January 15, 2015, 11:08:00 AM
 #20152

So the petrodollar died in Nov, and nobody noticed, as "for the first time in almost two decades, energy-exporting countries would pull their "petrodollars" out of world markets in 2015."  (http://www.zerohedge.com/news/2015-01-14/russia-just-pulled-itself-out-petrodollar)

How long until this impacts the USD index?

Is gold going vertical this morning the first cloud of an oncoming storm, or will it take years for King Dollar's momentum to dissipate?


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Monero
"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
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
cypherdoc
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January 15, 2015, 11:09:29 AM
 #20153

But what's the problem with introducing people to bitcoin via gaming microtransactions anyway?
It would be better if the increase in transactions comes from remittances or merchant payments. But it's better than nothing I guess.

I'm more concerned about hitting the 1MB limit before there is a solution to it being rolled out.
A game app would not have be anywhere near as popular as angry birds to flood the blocks.



There's no doubt though that there is panic selling too as well. But even Sarotoubi serves a  purpose to pay miners,  get  the word out, and probably most importantly pay miner fees.  They need those to stay solvent and we want them to stay solvent to secure the network. And if it pushes the devs to increasing block size sooner, great.
By the way what do you think about the political controversy around that block size increase? Mircea Popescu will do anything to screw the hard fork. This could end up being really messy.

Storm in a teacup.

Yep
BldSwtTrs
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January 15, 2015, 11:11:31 AM
 #20154

But what's the problem with introducing people to bitcoin via gaming microtransactions anyway?
It would be better if the increase in transactions comes from remittances or merchant payments. But it's better than nothing I guess.

I'm more concerned about hitting the 1MB limit before there is a solution to it being rolled out.
A game app would not have be anywhere near as popular as angry birds to flood the blocks.



There's no doubt though that there is panic selling too as well. But even Sarotoubi serves a  purpose to pay miners,  get  the word out, and probably most importantly pay miner fees.  They need those to stay solvent and we want them to stay solvent to secure the network. And if it pushes the devs to increasing block size sooner, great.
By the way what do you think about the political controversy around that block size increase? Mircea Popescu will do anything to screw the hard fork. This could end up being really messy.

Storm in a teacup.

Yep
I wish too, but maybe MP will get some support in the community, he already has a decent numbers of loyal followers. I don't think this issue should be underestimate.
cypherdoc
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January 15, 2015, 11:17:20 AM
 #20155

But what's the problem with introducing people to bitcoin via gaming microtransactions anyway?
It would be better if the increase in transactions comes from remittances or merchant payments. But it's better than nothing I guess.

I'm more concerned about hitting the 1MB limit before there is a solution to it being rolled out.
A game app would not have be anywhere near as popular as angry birds to flood the blocks.



There's no doubt though that there is panic selling too as well. But even Sarotoubi serves a  purpose to pay miners,  get  the word out, and probably most importantly pay miner fees.  They need those to stay solvent and we want them to stay solvent to secure the network. And if it pushes the devs to increasing block size sooner, great.
By the way what do you think about the political controversy around that block size increase? Mircea Popescu will do anything to screw the hard fork. This could end up being really messy.

Storm in a teacup.

Yep
I wish too, but maybe MP will get some support in the community, he already has a decent numbers of loyal followers. I don't think this issue should be underestimate.

True, but don't underestimate Gavin either despite punks like tvbcof criticizing him all the time. He has tremendous political power and many people including myself feel he's been the perfect guy to lead us to where we are now. No one's perfect but he's been great.

Plus, I'll take Sarotoubi anyday if that is what it takes to get us to the next level which it clearly might be: micro tx's.
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January 15, 2015, 11:26:54 AM
 #20156

So the petrodollar died in Nov, and nobody noticed, as "for the first time in almost two decades, energy-exporting countries would pull their "petrodollars" out of world markets in 2015."  (http://www.zerohedge.com/news/2015-01-14/russia-just-pulled-itself-out-petrodollar)

How long until this impacts the USD index?

Is gold going vertical this morning the first cloud of an oncoming storm, or will it take years for King Dollar's momentum to dissipate?

Approaching my little yellow "x" (cypher sharpens DZZ stick).
Cipa
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January 15, 2015, 11:33:41 AM
 #20157

warning for Bitcoin Bears. 

Gold looks to be weakening and is threatening to roll over:



silver has really gone nowhere and can't even get up to resistance:



if they do roll here Bears, look the hell out.
Can you explain how gold and silver prices influence BTC? It's not a troll post, I don't know anything about Economics, but I'm interested.

iCEBREAKER
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January 15, 2015, 11:37:56 AM
 #20158

Approaching my little yellow "x" (cypher sharpens DZZ stick).

Being double-short gold means being double-long fiat.

I'd never take such a risk, but good luck with that.   Undecided


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█████████████████████████
██████████████████████
█████████████████
██████████

Monero
"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
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
cypherdoc
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January 15, 2015, 11:41:30 AM
 #20159

Approaching my little yellow "x" (cypher sharpens DZZ stick).

Being double-short gold means being double-long fiat.

I'd never take such a risk, but good luck with that.   Undecided

Actually it means being long Bitcoin. Welcome to the Digital Age!  Wink
cypherdoc
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January 15, 2015, 11:45:04 AM
 #20160

warning for Bitcoin Bears. 

Gold looks to be weakening and is threatening to roll over:



silver has really gone nowhere and can't even get up to resistance:



if they do roll here Bears, look the hell out.
Can you explain how gold and silver prices influence BTC? It's not a troll post, I don't know anything about Economics, but I'm interested.

Hard fixed liquid supply bitcoin > mushy fixed illiquid supply of gold. One has been money for 5k years, other will  be money for 5k years.
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