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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 2022643 times)
sgbett
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January 15, 2015, 11:49:30 AM
 #20161

im not sure what it means, and I don't have a nice chart, but I think this belongs in here!

http://www.bbc.com/news/business-30829917

edit: I made a handy infographic, for simple folks like me.


http://haschinabannedbitcoin.com
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
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cypherdoc
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January 15, 2015, 12:07:24 PM
 #20162

im not sure what it means, and I don't have a nice chart, but I think this belongs in here!

http://www.bbc.com/news/business-30829917

That is interesting. What I think might start happening is a fall in the USD as a  result  which could send Bitcoin soaring.  
tabnloz
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January 15, 2015, 12:13:12 PM
 #20163

im not sure what it means, and I don't have a nice chart, but I think this belongs in here!

http://www.bbc.com/news/business-30829917

That is interesting. What I think might start happening is a fall in the USD as a  result  which could send Bitcoin soaring.  

That's pre-empting QE EU.


Did anyone see it coming?
cypherdoc
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January 15, 2015, 12:41:14 PM
 #20164

im not sure what it means, and I don't have a nice chart, but I think this belongs in here!

http://www.bbc.com/news/business-30829917

That is interesting. What I think might start happening is a fall in the USD as a  result  which could send Bitcoin soaring.  

That's pre-empting QE EU.


Did anyone see it coming?

Nah, no one ever sees these things coming.
cbeast
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Let's talk governance, lipstick, and pigs.


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January 15, 2015, 12:44:58 PM
 #20165

Nah, no one ever sees these things coming.
In a way we did.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
sgbett
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January 15, 2015, 12:56:30 PM
 #20166

Nah, no one ever sees these things coming.
In a way we did.

The problem is what the hell do you do!?

http://haschinabannedbitcoin.com
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
cbeast
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Let's talk governance, lipstick, and pigs.


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January 15, 2015, 12:59:08 PM
 #20167

to the SC proponents who insist that the 2wp will equalize fiat exchange prices across SC's thru arbitrage.

just look at the $16ish spread btwn Bitfinex and the Chinese exchanges.  and this is with open, relatively equally liquid exchanges that DON'T have a 2 day lock up.  just imagine how volatile and disparate an illiquid, insecure SC can get with manipulation.
This.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
cbeast
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Let's talk governance, lipstick, and pigs.


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January 15, 2015, 01:00:24 PM
 #20168

Nah, no one ever sees these things coming.
In a way we did.

The problem is what the hell do you do!?
Don't make your currency a side chain to another currency.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
NewLiberty
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Gresham's Lawyer


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January 15, 2015, 01:15:33 PM
 #20169

im not sure what it means, and I don't have a nice chart, but I think this belongs in here!

http://www.bbc.com/news/business-30829917

That is interesting. What I think might start happening is a fall in the USD as a  result  which could send Bitcoin soaring.  

That's pre-empting QE EU.


Did anyone see it coming?

Nah, no one ever sees these things coming.
Everyone knew it would come, but only the inner circle knew when.
Pegs always fail. 
Why the Blockstream folks like to use the word for the SC "currency that is a wallet for bitcoin" still baffles me.

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9.9.2012: I predict that single digits... <- FAIL


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January 15, 2015, 01:21:53 PM
 #20170

to the SC proponents who insist that the 2wp will equalize fiat exchange prices across SC's thru arbitrage.

just look at the $16ish spread btwn Bitfinex and the Chinese exchanges.  and this is with open, relatively equally liquid exchanges that DON'T have a 2 day lock up.  just imagine how volatile and disparate an illiquid, insecure SC can get with manipulation.
This.

How do you transfer fiat between Bitfinex and the Chinese exchanges in less than two days?
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January 15, 2015, 01:57:28 PM
 #20171

Pegs always fail.  

but unlike CHF/EUR, the SC 2wp would be irremovable (barring *another* protocol change). is it fair to compare?
cypherdoc
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January 15, 2015, 02:14:05 PM
 #20172

Pegs always fail.  

but unlike CHF/EUR, the SC 2wp would be irremovable (barring *another* protocol change). is it fair to compare?


Sure it is.

If Blockstream can change it once,  surely they can change it twice. Or more. That is, if we let them.
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WARNING FOR NOOBS: Dash is an Instamined scam coin


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January 15, 2015, 02:49:10 PM
 #20173

im not sure what it means, and I don't have a nice chart, but I think this belongs in here!

http://www.bbc.com/news/business-30829917

edit: I made a handy infographic, for simple folks like me.



The Swiss Franc is a proxy for gold.  Unpegging it from the Euro unleashes chaos.  Not quite a black swan, but still a perturbation in the currency wars.


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Monero
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whether we have a dictatorship or a real democracy." 
David Chaum 1996
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justusranvier
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January 15, 2015, 02:52:35 PM
 #20174

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.
The bottom line is that MP and his followers are not an economic majority in Bitcoin, and he doesn't have any good arguments to bring people over to his side - his influence is limited to his ability to extend his cult of personality.

It would be nice to see him using what influence he has for good, but oh well.
sgbett
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January 15, 2015, 03:55:15 PM
 #20175

im not sure what it means, and I don't have a nice chart, but I think this belongs in here!

http://www.bbc.com/news/business-30829917

edit: I made a handy infographic, for simple folks like me.



The Swiss Franc is a proxy for gold.  Unpegging it from the Euro unleashes chaos.  Not quite a black swan, but still a perturbation in the currency wars.

Does that make me a stacker by proxy? I have the mighty sum of 35.30CHF! Who knows what it will be worth tomorrow Wink

http://haschinabannedbitcoin.com
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
sidhujag
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January 15, 2015, 05:23:48 PM
 #20176

Wow I knew it was coming... the average joe's are not allowed to win and this proves the theory of rigged markets again and again. After seeing USDJPY take off because BOJ said 80 was the floor... SNB said 1.2 was the floor so every little joe with a forex account had long positions... ofcourse hedged against market manipulators which are interested in squeezing these longs and making money. Add them all up and there was alot of profit to make if the floor broke... and the longer it took the more profit there was. I bet alot of oversized bets and people averaging in as it went lower trying to break even but 1.2 -> 0.75 thats what 5000 pips? I dont think retail forex accounts even off low enough leverage to not have that margin your account even with the smallest lot trade. Ofcourse it was going to break... the market was against SNB... they needed to devalue like BOJ did and now JPY is on its way to becoming worthless instead of too strong.

This is another nail in the coffin for currencies from central banks. Might trigger a massive influx of capital to crypto..

Doc this is why my views of the market turn out right most of the time.. its simply doing the opposite, i've seen this movie too many times... in other words.. if you're long so are others and that means im short.

Plus another thing about this is that most of these moves have hidden agenda's...the guy in control of the policy "knows" about the huge payoff if he put in a massive short position right before calling out the peg has failed... in fact when he set the peg the guys wife had a huge long position and made hundreds of millions of $ in profit from naked shorts who lost their shirts! I'm sure him and his family/friends made money as well as any other big whale who was playing contrarian. Policies which change the value of a currency shouldn't be allowed to happen like this, should be based on a vote and consensus so EVERYONE KNOWS ITS COMING, and not just the select few ofcourse which won't even be investigated.

Just the fact that pegs are put in place and not part of a consensus is what brought me here... and makes me think that long term centrally backed and controlled currencies are prehistoric and a thing that our grandkids will read about in history books about how stupid people were back in the day.

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cypherdoc
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January 15, 2015, 05:31:45 PM
 #20177

DRR double short Euro:

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January 15, 2015, 05:33:21 PM
 #20178

ouch!

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January 15, 2015, 05:36:17 PM
 #20179

my favorite, EUR/CHF:

HeliKopterBen
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January 15, 2015, 06:18:56 PM
 #20180

So the world's safe haven currency (CHF) just had a 30% move in minutes.  The volatility argument against bitcoin just flew out the window.

Counterfeit:  made in imitation of something else with intent to deceive:  merriam-webster
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