Bitcoin Forum
December 04, 2016, 02:30:30 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Poll
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

Pages: « 1 ... 974 975 976 977 978 979 980 981 982 983 984 985 986 987 988 989 990 991 992 993 994 995 996 997 998 999 1000 1001 1002 1003 1004 1005 1006 1007 1008 1009 1010 1011 1012 1013 1014 1015 1016 1017 1018 1019 1020 1021 1022 1023 [1024] 1025 1026 1027 1028 1029 1030 1031 1032 1033 1034 1035 1036 1037 1038 1039 1040 1041 1042 1043 1044 1045 1046 1047 1048 1049 1050 1051 1052 1053 1054 1055 1056 1057 1058 1059 1060 1061 1062 1063 1064 1065 1066 1067 1068 1069 1070 1071 1072 1073 1074 ... 1560 »
  Print  
Author Topic: Gold collapsing. Bitcoin UP.  (Read 1804214 times)
lebing
Legendary
*
Offline Offline

Activity: 1274


Bitcoin: The honey badger of currencies


View Profile
January 20, 2015, 04:37:08 PM
 #20461

What exactly does "transparency to pricing" mean?

It means in the future Wall St will be the speculative market setting the price like Gold and GLD ETF with BTC ETFs

Well, yes then I believe this is a big fucking deal.

Bro, do you even blockchain?
-E Voorhees
1480861830
Hero Member
*
Offline Offline

Posts: 1480861830

View Profile Personal Message (Offline)

Ignore
1480861830
Reply with quote  #2

1480861830
Report to moderator
1480861830
Hero Member
*
Offline Offline

Posts: 1480861830

View Profile Personal Message (Offline)

Ignore
1480861830
Reply with quote  #2

1480861830
Report to moderator
1480861830
Hero Member
*
Offline Offline

Posts: 1480861830

View Profile Personal Message (Offline)

Ignore
1480861830
Reply with quote  #2

1480861830
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480861830
Hero Member
*
Offline Offline

Posts: 1480861830

View Profile Personal Message (Offline)

Ignore
1480861830
Reply with quote  #2

1480861830
Report to moderator
1480861830
Hero Member
*
Offline Offline

Posts: 1480861830

View Profile Personal Message (Offline)

Ignore
1480861830
Reply with quote  #2

1480861830
Report to moderator
1480861830
Hero Member
*
Offline Offline

Posts: 1480861830

View Profile Personal Message (Offline)

Ignore
1480861830
Reply with quote  #2

1480861830
Report to moderator
arloseb
Hero Member
*****
Offline Offline

Activity: 868


View Profile
January 20, 2015, 04:38:00 PM
 #20462

We will see.....
Torque
Legendary
*
Offline Offline

Activity: 910



View Profile
January 20, 2015, 04:41:13 PM
 #20463

What exactly does "transparency to pricing" mean?

It means in the future Wall St will be the speculative market setting the price like Gold and GLD ETF with BTC ETFs

Well, yes then I believe this is a big fucking deal.

Let's have a bitcoin IPO!  Lol
justusranvier
Legendary
*
Offline Offline

Activity: 1400



View Profile WWW
January 20, 2015, 04:41:29 PM
 #20464

What exactly does "transparency to pricing" mean?
All Your Bitcoin Are Belong To Banksters
hdbuck
Legendary
*
Offline Offline

Activity: 1134



View Profile
January 20, 2015, 04:48:18 PM
 #20465

What exactly does "transparency to pricing" mean?
All Your Bitcoin Are Belong To Banksters

good luck for them putting their hands on my private keys.
Bagatell
Hero Member
*****
Offline Offline

Activity: 719



View Profile
January 20, 2015, 05:12:47 PM
 #20466

What exactly does "transparency to pricing" mean?
All Your Bitcoin Are Belong To Banksters

Central or other?

"Endgame for central bankers"

Steen Jakobsen Steen Jakobsen
Chief Economist & CIO / Saxo Bank

https://www.tradingfloor.com/posts/macro-digest-endgame-for-central-bankers-3294071
lebing
Legendary
*
Offline Offline

Activity: 1274


Bitcoin: The honey badger of currencies


View Profile
January 20, 2015, 05:20:06 PM
 #20467

What exactly does "transparency to pricing" mean?
All Your Bitcoin Are Belong To Banksters

good luck for them putting their hands on my private keys.

They don't want yours. They already got their hands on hundreds of thousands of cheap coins during the last month. We know what comes next.

Bro, do you even blockchain?
-E Voorhees
tvbcof
Legendary
*
Offline Offline

Activity: 1974


View Profile
January 20, 2015, 06:13:16 PM
 #20468


I agree with you, but that is the future, not today's reality. Mining will one day be done almost entirely by datacenters. You may not know exactly where they are, but they will be well protected by very large guns. Bitcoin doesn't need jurisdictions because you know you can't trust anyone, you can only trust the protocol and how it is engineered to balance mathematical security and networking limitations. If a major mining firm is going to overtly attack the network, it will destroy their investment. If they attack an individual, then it is best that you remain as anonymous as possible.

And if they attack you because you are anonymous?  That doesn't actually seem like it should be a hugely challenging technical problem if there was sufficient pressure to do it (such as the forfeiture ones mining gear for example.)

If you are anonymous, they wouldn't know about your mining gear now, would they? Cancelling an anonymous payment might be a hospital bill for a child with cancer. That would not bode well for the miner that signed that block.

Anonymity for users (against miners) and anonymity for miners (against regulators) are two different things.  Both are interesting but they are far from interchangeable.

In both cases, knowing with some precision what is happening on the network is quite straightforward.  The protocol makes no efforts to be discrete.  Yes, it would be fairly trivial to encapsulate it but endoints don't grow on trees and would add notably to the complexity and expense of system design.  And only solves certain parts of the theoretically possible problems.

If "forget about anonymity" then can you tell me what it is about Bitcoin that makes it particularly worth supporting or using.

Who are you quoting? I presume it is Mr. Strawman. Bitcoin is pseudonymous. Anonymity is a social construct. It's not part of the protocol, but how it is used.

Clearly this is no strawman for those who know what a strawman actually is.  It's an effort to save a go-around for efficiency reasons.  See the "If"?  Wanna answer the question?

My answer would be 'counter-party risk protection' but to say the truth there would be so little else that I would pretty much be forced to move on to more promising pastures (which also provided counter-party risk protection as a minimum.)

Your strawman attempt at leaving wiggle room is in vain. You cannot have counter-party without trust in an authority. You Sir, are a Statist.

Asserting a strawman where it doens't exists then excusing yourself from a losing argument (or one which has exceeded your capabilities) is as old as the hills.  It pre-dates the http protocol at least and I know this for a fact.


tvbcof
Legendary
*
Offline Offline

Activity: 1974


View Profile
January 20, 2015, 06:28:11 PM
 #20469

more promising pastures (which also provided counter-party risk protection as a minimum.)

Which ones are those?

I don't know of any.


I don't either.  I've been remiss in studying alts because there are just so fucking many of them.

My strong sense is that NONE of them are really biting off the problems that are important to me.  Everyone seems to be happy to nestle in the gentle bosom of big brother to offer protection of freedom on the global internet.  The concept that restrictions on paths, protocols, etc might be possible seems to be rejected out of hand as a wild conspiracy and not worth designing around...even as Obama and Camaroon agree that their boys should not be locked out of one's cell phone.  It boggles the mind...then I remember how tedious and difficult it is to design systems around fewer resources than currently exist.  No fun at all (though I always enjoyed it but I'm an odd-ball) and not the best way to suck in VC money or impress adolescent marks in the ecosystem.

I'm sure that interests would shift rapidly upon attack...though maybe not rapidly enough if the attack is done correctly (that is, in a boiling frog approach.)


Trolfi
Member
**
Offline Offline

Activity: 72

Learning from Jorge


View Profile
January 20, 2015, 07:33:50 PM
 #20470

But you are right, trying to argue a technical discussion here is a terrible waste of time.

*Thumps chest vigorously*  

rocks
Legendary
*
Offline Offline

Activity: 1153


View Profile
January 20, 2015, 08:24:45 PM
 #20471

Related to the Greed discussion earlier.

Former CEO of Citibank personally invested in Coinbase's latest $75M raise.
http://dcmagnates.com/coinbase-secures-record-75-million-investment-led-by-dfj/

Slowly but surely Bitcoin is creeping into the halls of those in power. Unlike with most new constructs where most of us are blocked by regulation from participating since we are not "accredited investors", with Bitcoin we can invest directly and in many cases front run wall street.
sickpig
Legendary
*
Offline Offline

Activity: 1106


View Profile
January 20, 2015, 08:27:01 PM
 #20472

Latest news from gavin experimenting on max block size increases:

https://mobile.twitter.com/gavinandresen/status/557620205443350529

He's being doing a pretty good job imho, particulary if you take into account also the previous post where he tested a version of bitcoin core that could handle a 20MB max block size:

http://gavintech.blogspot.it/2015/01/looking-before-scaling-up-leap.html

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
tvbcof
Legendary
*
Offline Offline

Activity: 1974


View Profile
January 20, 2015, 08:36:55 PM
 #20473

Latest news from gavin experimenting on max block size increases:

https://mobile.twitter.com/gavinandresen/status/557620205443350529

He's being doing a pretty good job imho, particulary if you take into account also the previous post where he tested a version of bitcoin core that could handle a 20MB max block size:

http://gavintech.blogspot.it/2015/01/looking-before-scaling-up-leap.html

A more appropriate title would in my opinion be 'Leap before anyone looks.'

I've always considered Gavin a fairly honorable dude, especially by the ecosystem standards, but one still has to watch the pea when reading what he writes.  Especially when he talks UTXO.

 - edit: emphasis, link

stellar69
Full Member
***
Offline Offline

Activity: 196


View Profile
January 20, 2015, 08:39:14 PM
 #20474

Latest news from gavin experimenting on max block size increases:

https://mobile.twitter.com/gavinandresen/status/557620205443350529

He's being doing a pretty good job imho, particulary if you take into account also the previous post where he tested a version of bitcoin core that could handle a 20MB max block size:

http://gavintech.blogspot.it/2015/01/looking-before-scaling-up-leap.html
Was just wondering that where are you taking this discussion?
sickpig
Legendary
*
Offline Offline

Activity: 1106


View Profile
January 20, 2015, 08:51:24 PM
 #20475

Latest news from gavin experimenting on max block size increases:

https://mobile.twitter.com/gavinandresen/status/557620205443350529

He's being doing a pretty good job imho, particulary if you take into account also the previous post where he tested a version of bitcoin core that could handle a 20MB max block size:

http://gavintech.blogspot.it/2015/01/looking-before-scaling-up-leap.html
Was just wondering that where are you taking this discussion?

Sorry I'm not a native english speaker and I'm not sure about the meaning of what you said.

Any chance you're  saying that the content of my post is OT?

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
ssmc2
Hero Member
*****
Offline Offline

Activity: 840


View Profile
January 20, 2015, 09:22:39 PM
 #20476

http://www.coindesk.com/bitcoin-powered-crowdfunding-app-lighthouse-launches-open-beta/

More awesome news today.
sickpig
Legendary
*
Offline Offline

Activity: 1106


View Profile
January 20, 2015, 09:26:54 PM
 #20477

Peter Todd talking about incentives, bitcoin mining and sidechains at TNABC :

https://www.youtube.com/watch?v=XCACPwpYlIY&lt=490

Quote
I show up [a slide about] Blockstream as an example, they're working on sidechains.
Many aspects of SC, I think, are quite good...

... merge mined SC, to make a long story short, involves mining in a very
specific way, indeed add a lot of incentives to mining, and already mining
it's kind of dodgy whether or not it works, so by adding more complexity
to the incentive.. can you reason about it? I'm not sure...

ps @stellar69 just in case, sorry for the OT.

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
lunarboy
Hero Member
*****
Offline Offline

Activity: 544



View Profile
January 20, 2015, 10:08:51 PM
 #20478

Don't think anything relevant is OT in this thread but just in case.

from today
Quote
gold's best 7-day run since Aug 2011 (shifting to 5-month highs)
  Wink
smooth
Legendary
*
Offline Offline

Activity: 1246



View Profile
January 20, 2015, 10:11:55 PM
 #20479

Don't think anything relevant is OT in this thread but just in case.

from today
Quote
gold's best 7-day run since Aug 2011 (shifting to 5-month highs)
   Wink

Only gold collapsing is on topic, and only bitcoin going UP.

That's why traffic on this thread dried up a year or so ago.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
January 21, 2015, 01:37:04 AM
 #20480

What exactly does "transparency to pricing" mean?
All Your Bitcoin Are Belong To Banksters

good luck for them putting their hands on my private keys.

They don't want yours. They already got their hands on hundreds of thousands of cheap coins during the last month. We know what comes next.

yes we do
Pages: « 1 ... 974 975 976 977 978 979 980 981 982 983 984 985 986 987 988 989 990 991 992 993 994 995 996 997 998 999 1000 1001 1002 1003 1004 1005 1006 1007 1008 1009 1010 1011 1012 1013 1014 1015 1016 1017 1018 1019 1020 1021 1022 1023 [1024] 1025 1026 1027 1028 1029 1030 1031 1032 1033 1034 1035 1036 1037 1038 1039 1040 1041 1042 1043 1044 1045 1046 1047 1048 1049 1050 1051 1052 1053 1054 1055 1056 1057 1058 1059 1060 1061 1062 1063 1064 1065 1066 1067 1068 1069 1070 1071 1072 1073 1074 ... 1560 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!