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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2009253 times)
tvbcof
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January 18, 2015, 06:49:58 PM
 #20301

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Adrian has already outlined the mining risks and changes in incentive that will occur so i won't bother to go into that.

Link?  It's a subject which interests me lately and I didn't see a detailed exploration of it by him.

In fact, I see most people who start to glimpse the horrible truth trying their best to look the other way.  The truth is that stand-alone native Bitcoin support is fundamentally economically broken.  The only hope is to trash some aspects of the standard sales pitch marketing points.  It's just a matter of choosing which ones.

Some vultures around here probably do see the disease that the animal has and are looking forward to picking it's eyes out when it finally falls.  Already they are jockeying for position.

I think that Blockstream is no different with respect to seeing the disease, but the participants are more close to veterinarians who wish to give the beast a shot of antibiotics and back on it's feet again.  This is why Blockstream is composed of people who have undeniably put huge amounts of effort into Bitcoin already and obviously care deeply about it.  We don't see this in the vulture groups at all.

Most people probably conceive of merged mining as a means for other efforts to make use of the strong hand that Bitcoin has.  Merged mining at the two-way-peg nexus with sidechains is the other way around I believe.  That is, to support Bitcoin in it's present sha256 POW form even at a 'loss'.


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tvbcof
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January 18, 2015, 07:29:13 PM
 #20302

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I seem to recall you kept calling usd tops while I said its just getting started yet now you claimed that youve been calling for this since last summer?

Classic cypherdoc.  Used to be he'd counter if called out on such things with 'well, my readers know...'.  I'm dunno if he even has a 'newsletter' any more, but that probably was the primary usefulness of the thing.  Some months ago he tried to pull some shit saying that his secrets were buried in his newsletter but some former subscriber came out of the woodwork and totally called bullshit.  It was very funny.

Cypherdoc knows that he can now appropriate your USD call and within a few months most people will dimly remember him as being totally right and brilliant where the opposite is closer to the truth.  That's not so much a reflection on his sliminess...lots of people do such things...but more a reflection on the mental capacity of much of the community here.


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January 18, 2015, 07:47:54 PM
 #20303

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I seem to recall you kept calling usd tops while I said its just getting started yet now you claimed that youve been calling for this since last summer?

Classic cypherdoc.  Used to be he'd counter if called out on such things with 'well, my readers know...'.  I'm dunno if he even has a 'newsletter' any more, but that probably was the primary usefulness of the thing.  Some months ago he tried to pull some shit saying that his secrets were buried in his newsletter but some former subscriber came out of the woodwork and totally called bullshit.  It was very funny.

Cypherdoc knows that he can now appropriate your USD call and within a few months most people will dimly remember him as being totally right and brilliant where the opposite is closer to the truth.  That's not so much a reflection on his sliminess...lots of people do such things...but more a reflection on the mental capacity of much of the community here.



Your willingness to latch onto an incorrect statement by sidhuajag shows your intellectual dishonesty by not doing your own verification. He's got it wrong; I clearly have been calling for the dollar rally done back in the summer when I linked toa  podcast by Ambrose Evans Pritchard as support. I'll try to find the link. What's he's referring to is my stock market top misses which I freely admit to.

You should really stop commenting as you clearly don't read this thread with any ability to follow what's said. Examples of your misunderstanding and being constantly behind:  thinking SC's are tokens, I cancelled my newsletter here a year ago, your not remembering  how Adrian has continuously hammered home the mining problems that SC's will introduce. He's probably got over 50 posts on the subject alone yet you don't have a clue. Lol.
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January 18, 2015, 08:10:14 PM
 #20304

Interesting insight to the SNB. maybe we all have a chance after all especially with Bitcoin :

http://marginalrevolution.com/marginalrevolution/2015/01/gavyn-davies-on-the-swiss-central-bank.html
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January 18, 2015, 08:14:31 PM
 #20305

More hope for Bitcoin and mankind :

"I find it a bit surprising that he did not contact me, but, you know, we'll check on that. By the way, the IMF used to be the referee of any currency variation. That has changed over time," she said. 

http://uk.businessinsider.com/christine-lagarde-swiss-national-bank-decision-2015-1?r=US
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January 18, 2015, 08:26:55 PM
 #20306

Its finally starting to dawn on people. Buy the fricking coin!:

http://signal-hub.com/2014/12/30/the-paradox-of-investing-in-bitcoin-startups/

This works because we have a real world example of how:  gold
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January 18, 2015, 08:46:34 PM
 #20307

http://www.coindesk.com/federal-reserve-bank-vp-protocol-just-like-bitcoin/

"In a conversation with CoinDesk, Andolfatto went so far as to suggest that the bitcoin network isn’t that much different from the Federal Reserve"

Uh yeeeaahh
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January 18, 2015, 08:55:30 PM
 #20308

Cry baby Jamie

http://www.marketwatch.com/story/why-jp-morgans-dimon-is-wrong-about-whats-bedeviling-banks-2015-01-17?mod=mw_share_twitter
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January 18, 2015, 09:02:49 PM
 #20309

http://www.coindesk.com/federal-reserve-bank-vp-protocol-just-like-bitcoin/

"In a conversation with CoinDesk, Andolfatto went so far as to suggest that the bitcoin network isn’t that much different from the Federal Reserve"

Uh yeeeaahh

If a group of insiders can joystick the protocol to their whim, he will not be wrong.

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
tvbcof
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January 18, 2015, 09:03:43 PM
 #20310

so what the hell is this all about and how does this correlate with what somewhat else said the other day about Adam backing out of the SC debate with Peter Todd?

  http://i.imgur.com/l6rQvTO.png

I looked up the schedule on-line a few days ago and didn't notice anything scheduled from Blockstream at all.  The web site which contained a lot of logos was terribly slow to load so I canceled it, but I didn't notice Blockstream popping up by the time I did.

Frankly, after the 2013 conference in San Jose, I sort of feel that these trade show things are mainly a venue for bad ideas to be sprouted and grow so Blockstream being a no-show (if they actually are) is kind of a positive to my way of thinking.  Bad ideas like how do we get coin tainting going, and since almost everyone on some supposedly important panel seems to think its a no-brainier it must be a good idea.


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January 18, 2015, 09:57:22 PM
 #20311

so what the hell is this all about and how does this correlate with what somewhat else said the other day about Adam backing out of the SC debate with Peter Todd?

  http://i.imgur.com/l6rQvTO.png

I looked up the schedule on-line a few days ago and didn't notice anything scheduled from Blockstream at all.  The web site which contained a lot of logos was terribly slow to load so I canceled it, but I didn't notice Blockstream popping up by the time I did.

Frankly, after the 2013 conference in San Jose, I sort of feel that these trade show things are mainly a venue for bad ideas to be sprouted and grow so Blockstream being a no-show (if they actually are) is kind of a positive to my way of thinking.  Bad ideas like how do we get coin tainting going, and since almost everyone on some supposedly important panel seems to think its a no-brainier it must be a good idea.



The blockstream notion was pretty much spawned at the San Jose 2013 conference, as I recall.

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
tvbcof
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January 18, 2015, 10:07:34 PM
 #20312

so what the hell is this all about and how does this correlate with what somewhat else said the other day about Adam backing out of the SC debate with Peter Todd?

  http://i.imgur.com/l6rQvTO.png

I looked up the schedule on-line a few days ago and didn't notice anything scheduled from Blockstream at all.  The web site which contained a lot of logos was terribly slow to load so I canceled it, but I didn't notice Blockstream popping up by the time I did.

Frankly, after the 2013 conference in San Jose, I sort of feel that these trade show things are mainly a venue for bad ideas to be sprouted and grow so Blockstream being a no-show (if they actually are) is kind of a positive to my way of thinking.  Bad ideas like how do we get coin tainting going, and since almost everyone on some supposedly important panel seems to think its a no-brainier it must be a good idea.

The blockstream notion was pretty much spawned at the San Jose 2013 conference, as I recall.

That would explain why/if they stay the hell away from this one.  Same bad tastes in their mouths.

OK, OK, I don't totally believe this and am being more negative than I probably should be just for shits-n-giggles.  I actually did pick up some useful and interesting things as SJ but I stuck mostly to the tech stuff.

If you have more details about the 'spawning' there at SJ, it would be interesting and entertaining to know of them, but not critical.


tvbcof
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January 18, 2015, 10:46:52 PM
 #20313


Someone here wanted to know about the dangers of 'centralization' a bit ago.  To me 'centralization' means mostly an investment that one cannot easily walk away from.  Here's why:

  http://insidebitcoins.com/news/btcmiami-regulation-panel-predicts-new-state-law-imminent-and-look-out-for-the-lawsuits/28961

I'll make a bold prediction that if/when these laws go into effect and the brown-shirts knock on Adrian-X's door telling him that they believe he should be mining based on a cleaned up UTXO set (say, from their partners and CoinValidation) his reply will be 'Yes sir.  Right away sir.'  Else he'll power down...if he has not already done so by that time for the more organic fundamental economic reasons I alluded to earlier.

It's undeniably a difficult problem to solve.  One cannot count on being able to just move to Russia, China, etc, since a viable alternate store and transmission of value threatens these guys as much as anyone (as reflected in their laws.)  Smaller sovereign powers can be pressured to enforce things that they otherwise don't care that much about.  The best solution in my opinion is to try to have the support infrastructure for the basic core be such that it can be operated with minimal investment and hope there are jurisdictions where getting caught results in simple confiscation and a minor slap on the wrist.

Alternate solution: embrace whatever the fuck the man tells us to and try to make ourselves believe that it's for our own good.


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January 18, 2015, 11:00:46 PM
 #20314

https://twitter.com/TheStalwart/status/556910642863820801
Chef Ramsay
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January 18, 2015, 11:20:28 PM
 #20315

Has this thread become a face-off between the last two posters? Seems like some animosity building up and I'm not even sure why as I haven't been following too closely over the weeks and months, only recently and this is what I noticed. Huh
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January 18, 2015, 11:27:22 PM
 #20316

Has this thread become a face-off between the last two posters? Seems like some animosity building up and I'm not even sure why as I haven't been following too closely over the weeks and months, only recently and this is what I noticed. Huh

This is where cypherdoc fights his battles.  Others come here to challenge  Tongue 
Topics vary,  but generally more interesting that the Wall Observer, due to higher overall intelligence of posters.
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January 18, 2015, 11:47:56 PM
 #20317

Has this thread become a face-off between the last two posters? Seems like some animosity building up and I'm not even sure why as I haven't been following too closely over the weeks and months, only recently and this is what I noticed. Huh

This is where cypherdoc fights his battles.  Others come here to challenge  Tongue 
Topics vary,  but generally more interesting that the Wall Observer, due to higher overall intelligence of posters.


Cypherdoc is a glutton for punishment.  In fairness I should have left him alone and deferred on the last one until he made a another feeble stab at antagonizing me again, but I couldn't help myself.  As has been the case for the last however many years it's all good fun to me.  Hopefully for cypherdoc as well.


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January 19, 2015, 12:13:34 AM
 #20318

We already have the killer app:

https://twitter.com/cypherdoc2/status/556967234669907969
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Let's talk governance, lipstick, and pigs.


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January 19, 2015, 12:23:40 AM
 #20319

The new Axis: Iceland and Switzerland should join forces and adopt Colored Coin ahem Tether as their settlement method.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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January 19, 2015, 12:38:54 AM
 #20320


Changetip has more zing Tongue

Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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