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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 1807138 times)
tvbcof
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January 18, 2015, 10:07:34 PM
 #20341

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.


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tvbcof
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January 18, 2015, 10:46:52 PM
 #20342


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
 #20343

https://twitter.com/TheStalwart/status/556910642863820801
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January 18, 2015, 11:20:28 PM
 #20344

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
explorer
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January 18, 2015, 11:27:22 PM
 #20345

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.
tvbcof
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January 18, 2015, 11:47:56 PM
 #20346

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
 #20347

We already have the killer app:

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


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January 19, 2015, 12:23:40 AM
 #20348

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
 #20349


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.
iCEBREAKER
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Crypto is the separation of Power and State.


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January 19, 2015, 06:46:09 AM
 #20350

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

But, but, but...direct exposure isn't anywhere near sufficient to satisfy my greed, so great is my avarice and desire to Get Rich Quick.

I demand LEVERAGE on extreme risk.  Morphine is boring; give me Fentanyl or GTFO.

Now where did those TBT and ZSL options go...?

*OH SHIT*

 Cry

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
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Wallets - Podcats - Roadmap - Dice - Blackjack - Github - Android }


Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016
Blocks must necessarily be full for the Bitcoin network to be able to pay for its own security.  davout 2015
Blocksize is an intentionally limited resource, like the 21e6 BTC limit.  Changing it degrades the surrounding economics, creating negative incentives.  Jeff Garzik 2013


"I believed @Dashpay instamine was a bug & not a feature but then read: https://bitcointalk.org/index.php?topic=421615.msg13017231#msg13017231
I'm not against people making money, but can't support questionable origins."
https://twitter.com/Tone_LLT/status/717822927908024320


The raison d'être of bitcoin is trustlessness. - Eric Lombrozo 2015
It is an Engineering Requirement that Bitcoin be “Above the Law”  Paul Sztorc 2015
Resiliency, not efficiency, is the paramount goal of decentralized, non-state sanctioned currency -Jon Matonis 2015

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016

Technology tends to move in the direction of making surveillance easier, and the ability of computers to track us doubles every eighteen months. - Phil Zimmerman 2013

The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004

"Hard forks cannot be co
iCEBREAKER
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January 19, 2015, 06:48:39 AM
 #20351


Changetip is so December 2014.

Tippero supports Monero+Gambling

/DiSRUPT

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
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Wallets - Podcats - Roadmap - Dice - Blackjack - Github - Android }


Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016
Blocks must necessarily be full for the Bitcoin network to be able to pay for its own security.  davout 2015
Blocksize is an intentionally limited resource, like the 21e6 BTC limit.  Changing it degrades the surrounding economics, creating negative incentives.  Jeff Garzik 2013


"I believed @Dashpay instamine was a bug & not a feature but then read: https://bitcointalk.org/index.php?topic=421615.msg13017231#msg13017231
I'm not against people making money, but can't support questionable origins."
https://twitter.com/Tone_LLT/status/717822927908024320


The raison d'être of bitcoin is trustlessness. - Eric Lombrozo 2015
It is an Engineering Requirement that Bitcoin be “Above the Law”  Paul Sztorc 2015
Resiliency, not efficiency, is the paramount goal of decentralized, non-state sanctioned currency -Jon Matonis 2015

Bitcoin is intentionally designed to be ungovernable and governance-free.  luke-jr 2016

Technology tends to move in the direction of making surveillance easier, and the ability of computers to track us doubles every eighteen months. - Phil Zimmerman 2013

The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004

"Hard forks cannot be co
sickpig
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January 19, 2015, 11:35:05 AM
 #20352

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?



from Adam's twitter stream:

https://twitter.com/adam3us/status/556462951507714049

Quote from: @adam3us
Apologies to @btcusa & TNABC attendees: late cancel due to hospital visit of family member. All ok, but couldn't travel under circumstances.

p.s. you do have a big screen @cypher, don't you? Smiley


Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
Ayle56
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January 19, 2015, 04:37:52 PM
 #20353

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?



from Adam's twitter stream:

https://twitter.com/adam3us/status/556462951507714049

Quote from: @adam3us
Apologies to @btcusa & TNABC attendees: late cancel due to hospital visit of family member. All ok, but couldn't travel under circumstances.

p.s. you do have a big screen @cypher, don't you? Smiley



That's too convenient, it sounds like a weak excuse to me.
cypherdoc
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January 19, 2015, 04:44:44 PM
 #20354

Over the summer, I called for this latest dollar rally as the price of oil was  dropping. I've strongly made the case for deflation a long time as well as hinted by rising UST's.  After the SNB did its thing the other day I mentioned to watch the dollar. This guy agrees. This is based on the fact that theUS  was lucky to geta  rally in both during the last crisis. I doubt it happens the same way this time around :

http://www.zerohedge.com/news/2015-01-16/about-strong-dollar
Its ez to call a dollar rally after its already confirmed ive been saying it since 2011 2012.. and the currency wars dont help.. all snb did was reassure us that central banks need to change to consensus

last summer was clearly the optimal time to go long the dollar:



The writing on the wall was clear years ago.. just looks good in hindsight like it would have for me if it happened last year. There was nothing special about last summer that changed fundamentals other than nudge the dollar up at a faster pace.. best time to accumulate is when noone is looking

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?

yep.  here's the original quote of AEP which was around the time i began calling for the USD rally last summer.  since that time, i have been consistent about showing, via multiple $DXY charts here in this thread, how the dollar has been progressively breaking thru resistance levels during the rise, the result of which was deflation, which i think many now acknowledge is the predominant macroeconomic theme occurring worldwide.  additional evidence i've presented has been the drop in oil and other commodities, as well as the drop in foreign stock mkts worldwide.  the deflation call in itself is an itself is a big deal as many mistakenly believe, esp goldbugs, that inflation is the predominant theme, which is why they invest in gold to begin with.  i think that is a mistake.  further evidence of this dynamic, which i've consistently charted, is the persistent rise of TLT, the gvt black hole shit chart.  it is sucking all productive capital into itself, much like Japan has done for decades in their deflationary spiral, all based on the belief that the gvt can tax the hell out of its citizens to pay back debts.  this is deflationary.

Bitcoin holds the potential to actually improve the financial system via efficiency and sound money globally and perhaps pull us out of this deflationary spiral.  this is why i am so bullish on its prospects.

here's the quote:

http://mcalvanyweeklycommentary.com/

Ambrose Pritchard Evans @ 44min:

"major, major dollar rally".
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January 19, 2015, 04:45:05 PM
 #20355

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?

from Adam's twitter stream:

https://twitter.com/adam3us/status/556462951507714049

Quote from: @adam3us
Apologies to @btcusa & TNABC attendees: late cancel due to hospital visit of family member. All ok, but couldn't travel under circumstances.

p.s. you do have a big screen @cypher, don't you? Smiley



That's too convenient, it sounds like a weak excuse to me.

Could be anything, of course. As general rule I tend to apply Occam's razor, though.

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
cypherdoc
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January 19, 2015, 04:47:59 PM
 #20356

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?



from Adam's twitter stream:

https://twitter.com/adam3us/status/556462951507714049

Quote from: @adam3us
Apologies to @btcusa & TNABC attendees: late cancel due to hospital visit of family member. All ok, but couldn't travel under circumstances.

p.s. you do have a big screen @cypher, don't you? Smiley



no, i use a laptop.

it's all about being detail oriented and an insatiable thirst for obtaining as much knowledge as possible to get a good sense of the Big Picture.  unlike tvbcof, and others, who come here to vomit on this thread once in a while after returning from the fields from humping little dogs (he is a little dog afterall).
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January 19, 2015, 04:50:59 PM
 #20357

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?



from Adam's twitter stream:

https://twitter.com/adam3us/status/556462951507714049

Quote from: @adam3us
Apologies to @btcusa & TNABC attendees: late cancel due to hospital visit of family member. All ok, but couldn't travel under circumstances.

p.s. you do have a big screen @cypher, don't you? Smiley



That's too convenient, it sounds like a weak excuse to me.

also doesn't explain the Peter Todd debate reference from someone.
lunarboy
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January 19, 2015, 04:52:48 PM
 #20358

Germans bringing more of their gold Home

http://www.zerohedge.com/news/2015-01-19/bundesbank-resumes-gold-repatriation-transfers-120-tonnes-physical-gold-paris-and-ny

as it's looking increasingly likely the dannish might be next to drop the Euro peg rate drop today down to -0.2%

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January 19, 2015, 05:08:17 PM
 #20359

Germans bringing more of their gold Home

http://www.zerohedge.com/news/2015-01-19/bundesbank-resumes-gold-repatriation-transfers-120-tonnes-physical-gold-paris-and-ny

as it's looking increasingly likely the dannish might be next to drop the Euro peg rate drop today down to -0.2%



"Finally, once they arrived in Frankfurt am Main, all the transferred gold bars were thoroughly and exhaustively inspected and verified by the Bundesbank. When all the inspections had been concluded, no irregularities came to light with regard to the authenticity, fineness and weight of the bars."

The official explanation was as follows: "The Bundesbank explained [the low amount of US gold] by saying that the transports from Paris are simpler and therefore were able to start quickly." Additionally, the Bundesbank had the "support" of the BIS "which has organized more gold shifts already for other central banks and has appropriate experience - only after months of preparation and safety could transports start with truck and plane." That would be the same BIS that in 2011 lent out a record 632 tons of gold..."


with Bitcoin, you merely have to check the signature, which takes a millisecond.
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January 19, 2015, 05:11:26 PM
 #20360

Over the summer, I called for this latest dollar rally as the price of oil was  dropping. I've strongly made the case for deflation a long time as well as hinted by rising UST's.  After the SNB did its thing the other day I mentioned to watch the dollar. This guy agrees. This is based on the fact that theUS  was lucky to geta  rally in both during the last crisis. I doubt it happens the same way this time around :

http://www.zerohedge.com/news/2015-01-16/about-strong-dollar
Its ez to call a dollar rally after its already confirmed ive been saying it since 2011 2012.. and the currency wars dont help.. all snb did was reassure us that central banks need to change to consensus

last summer was clearly the optimal time to go long the dollar:



The writing on the wall was clear years ago.. just looks good in hindsight like it would have for me if it happened last year. There was nothing special about last summer that changed fundamentals other than nudge the dollar up at a faster pace.. best time to accumulate is when noone is lookingu

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?

yep.  here's the original quote of AEP which was around the time i began calling for the USD rally last summer.  since that time, i have been consistent about showing, via multiple $DXY charts here in this thread, how the dollar has been progressively breaking thru resistance levels during the rise, the result of which was deflation, which i think many now acknowledge is the predominant macroeconomic theme occurring worldwide.  additional evidence i've presented has been the drop in oil and other commodities, as well as the drop in foreign stock mkts worldwide.  the deflation call in itself is an itself is a big deal as many mistakenly believe, esp goldbugs, that inflation is the predominant theme, which is why they invest in gold to begin with.  i think that is a mistake.  further evidence of this dynamic, which i've consistently charted, is the persistent rise of TLT, the gvt black hole shit chart.  it is sucking all productive capital into itself, much like Japan has done for decades in their deflationary spiral, all based on the belief that the gvt can tax the hell out of its citizens to pay back debts.  this is deflationary.

Bitcoin holds the potential to actually improve the financial system via efficiency and sound money globally and perhaps pull us out of this deflationary spiral.  this is why i am so bullish on its prospects.

here's the quote:

http://mcalvanyweeklycommentary.com/

Ambrose Pritchard Evans @ 44min:

"major, major dollar rally".
Thanks.. It was probably the time you were saying that the dollar would cause a selloff in equities but I said they would rise together and since equities were rising I inferred that you would have been bearish usd.
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