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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
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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1806585 times)
zanzibar
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January 28, 2015, 04:16:33 AM
 #20741

Has this been posted here before?

'Bitcoin and the dangerous fantasy of ‘apolitical’ money' (2013). By Yanis Varoufakis, Greece's new Finance Minister.

http://yanisvaroufakis.eu/2013/04/22/bitcoin-and-the-dangerous-fantasy-of-apolitical-money/

Yeah, what a piece of shit, I hope he chokes on a Gyro and I hope Greece goes down in flames.
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cbeast
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Let's talk governance, lipstick, and pigs.


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January 28, 2015, 04:27:42 AM
 #20742

Has this been posted here before?

'Bitcoin and the dangerous fantasy of ‘apolitical’ money' (2013). By Yanis Varoufakis, Greece's new Finance Minister.

http://yanisvaroufakis.eu/2013/04/22/bitcoin-and-the-dangerous-fantasy-of-apolitical-money/

Yeah, what a piece of shit, I hope he chokes on a Gyro and I hope Greece goes down in flames.
Greece doesn't have the balls that Iceland or Switzerland have. They will sell out their people and lands.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
79b79aa8d5047da6d3XX
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January 28, 2015, 05:13:58 AM
 #20743

I hope Greece goes down in flames.
wishing hardship on people. nice conversation stopper.
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Crypto is the separation of Power and State.


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January 28, 2015, 05:20:52 AM
 #20744

Has this been posted here before?

'Bitcoin and the dangerous fantasy of ‘apolitical’ money' (2013). By Yanis Varoufakis, Greece's new Finance Minister.

http://yanisvaroufakis.eu/2013/04/22/bitcoin-and-the-dangerous-fantasy-of-apolitical-money/

Yeah, what a piece of shit, I hope he chokes on a Gyro and I hope Greece goes down in flames.
Greece doesn't have the balls work ethic that Iceland or Switzerland have. They will sell out their people and lands elect more corrupt socialists and demand more free shit funded by wealth confiscation.

There, I fixed it for you.

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
justusranvier
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January 28, 2015, 06:05:29 AM
 #20745

Has this been posted here before?

'Bitcoin and the dangerous fantasy of ‘apolitical’ money' (2013). By Yanis Varoufakis, Greece's new Finance Minister.

http://yanisvaroufakis.eu/2013/04/22/bitcoin-and-the-dangerous-fantasy-of-apolitical-money/

Yeah, what a piece of shit, I hope he chokes on a Gyro and I hope Greece goes down in flames.
Greece doesn't have the balls work ethic that Iceland or Switzerland have. They will sell out their people and lands elect more corrupt socialists and demand more free shit funded by wealth confiscation.

There, I fixed it for you.
Median age in Greece is over 43 years old.

Every young person with any kind of talent or ability has fled.

It's a country full of ageing people who are desperately trying to believe that when they get too old to work they'll be able to pay the younger generation that doesn't exist to take care of them with the money they won't have.
iCEBREAKER
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January 28, 2015, 06:50:40 AM
 #20746

Median age in Greece is over 43 years old.

Every young person with any kind of talent or ability has fled.

It's a country full of ageing people who are desperately trying to believe that when they get too old to work they'll be able to pay the younger generation that doesn't exist to take care of them with the money they won't have.

And when private enterprise attempts to create jobs, it is met with protests and arson.

http://www.businessinsider.com/demonstrators-protest-greek-gold-mine-2013-11



That truck is a metaphor for the entire country.  They made their socialist hellhole, and now they can burn in it.

Did these idiots forget that without the Athenian silver mines they'd all be speaking Persian?

Good triremes weren't cheap, and neither are F-16s.

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
Shak
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January 28, 2015, 07:36:07 AM
 #20747

they always make one giant mistake when announcing their views on bitcoin: that bitcoin cannot adapt or evolve.

some people are arguing with the limited number of transactions, but keep in mind that this limit is only here because the majority of users (and miners ofcourse) agreed to have it in place. it is by design open to changes.
similarly, and yes i know it would have much greater implications, the inflation of bitcoins can be adjusted. if we really one day come to the point where the newly generated bitcoins plus the transaction costs are not able to pay for the network security that we think is needed at that given point in time, it would be a possibility to hardcode a constant inflation of eg 2% pa into the bitcoin system.
we would not necessarily be forced to sit and watch bitcoin collaps because it turns out that transaction costs aren't enough to pay miners (hypothetical intellectual game).

that is more control than every single central bank has within its own zone of influence, see the struggling of the ecb to fight an imminent deflation within the euro zone.
rocks
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January 28, 2015, 08:17:05 AM
 #20748

Has this been posted here before?

'Bitcoin and the dangerous fantasy of ‘apolitical’ money' (2013). By Yanis Varoufakis, Greece's new Finance Minister.

http://yanisvaroufakis.eu/2013/04/22/bitcoin-and-the-dangerous-fantasy-of-apolitical-money/

Yeah, what a piece of shit, I hope he chokes on a Gyro and I hope Greece goes down in flames.
Greece doesn't have the balls work ethic that Iceland or Switzerland have. They will sell out their people and lands elect more corrupt socialists and demand more free shit funded by wealth confiscation.

There, I fixed it for you.
Median age in Greece is over 43 years old.

Every young person with any kind of talent or ability has fled.

It's a country full of ageing people who are desperately trying to believe that when they get too old to work they'll be able to pay the younger generation that doesn't exist to take care of them with the money they won't have.

One of my college friends of Greece descent moved to Greece several years ago at the age of 33(ish) to work in his wife's father's business. This was after going through law school and working for several years in the US.

He said no one in his office would believe him when he told them this was not his first job, because in Greece no one works below 30 and everyone retires by 50/55, and this is so ingrained in Greek society that no one could accept it was possible he had a full career in his 20s.

I don't wish ill on anyone, but such a zero work ethic society can never survive.

I believe my friend was incorrect though and many Greeks do work in their 20s, its just that all the productive ones leave Greece and apply their productivity in another country.
rocks
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January 28, 2015, 08:46:40 AM
 #20749

Here's one that will blow Varoufakis tiny mind wide open.

http://aeon.co/magazine/technology/are-we-ready-for-companies-that-run-themselves/

Quote
Which vision will win out? That will depend less on the specific capacities of the technology than on the ability of governments and electorates to grasp what it is and what it means. One way or another, it looks like RoboCorp will be able to look out for itself. In the meantime, we need to get our own house in order.

sort your shit out, robocorp is coming  Smiley

That's a great read, thanks. Sometimes I wonder if Satoshi's most impactful and valuable invention might turn out to be the invention of the first DAC.

Bitcoin as money is a mechanism to regain what we lost and help return to the principles of sound money that we had under the gold standard (albeit with a much better payment function).

But the invention of the first DAC enables entire new concepts that we've never had before, and can help disintermediate functions for society that have always required government or middle men before. This has potential we don't understand yet, and will probably take a long time to develop, but will be revolutionary.
solex
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100 satoshis -> ISO code


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January 28, 2015, 08:59:10 AM
 #20750

Here's one that will blow Varoufakis tiny mind wide open.

http://aeon.co/magazine/technology/are-we-ready-for-companies-that-run-themselves/

Quote
Which vision will win out? That will depend less on the specific capacities of the technology than on the ability of governments and electorates to grasp what it is and what it means. One way or another, it looks like RoboCorp will be able to look out for itself. In the meantime, we need to get our own house in order.

sort your shit out, robocorp is coming  Smiley

That's a great read, thanks. Sometimes I wonder if Satoshi's most impactful and valuable invention might turn out to be the invention of the first DAC.

Bitcoin as money is a mechanism to regain what we lost and help return to the principles of sound money that we had under the gold standard (albeit with a much better payment function).

But the invention of the first DAC enables entire new concepts that we've never had before, and can help disintermediate functions for society that have always required government or middle men before. This has potential we don't understand yet, and will probably take a long time to develop, but will be revolutionary.

I remember reading that theymos likes Iain Banks' sci-fi Culture novels. It was probably apparent to him early on that Bitcoin is a currency that would fit into that civilization. I think that DACs go to the next level with incredible potential, easily the backbone of an economy this size of the Culture.
Back on Earth, the future world economy will be transformed, and far more efficient, if DACs take off.

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January 28, 2015, 07:15:10 PM
 #20751

oil?  who the hell needs oil?



here's one  i haven't looked at for a while.  Baltic Dry Index at close to 2008 lows:



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January 28, 2015, 07:53:08 PM
 #20752

ouch
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January 28, 2015, 08:18:14 PM
 #20753

Dow diving now.  as it should:  -73.
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January 28, 2015, 08:31:09 PM
 #20754

fear still creeping:

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January 28, 2015, 08:35:09 PM
 #20755

Dow -137.

Damn Fed.
zanzibar
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January 28, 2015, 09:13:52 PM
 #20756

Wish BTC would stop plummeting.  It's being dominated by day traders.
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January 28, 2015, 09:19:15 PM
 #20757

Here's one that will blow Varoufakis tiny mind wide open.

http://aeon.co/magazine/technology/are-we-ready-for-companies-that-run-themselves/

Quote
Which vision will win out? That will depend less on the specific capacities of the technology than on the ability of governments and electorates to grasp what it is and what it means. One way or another, it looks like RoboCorp will be able to look out for itself. In the meantime, we need to get our own house in order.

sort your shit out, robocorp is coming  Smiley

That's a great read, thanks. Sometimes I wonder if Satoshi's most impactful and valuable invention might turn out to be the invention of the first DAC.

Bitcoin as money is a mechanism to regain what we lost and help return to the principles of sound money that we had under the gold standard (albeit with a much better payment function).

But the invention of the first DAC enables entire new concepts that we've never had before, and can help disintermediate functions for society that have always required government or middle men before. This has potential we don't understand yet, and will probably take a long time to develop, but will be revolutionary.

I remember reading that theymos likes Iain Banks' sci-fi Culture novels. It was probably apparent to him early on that Bitcoin is a currency that would fit into that civilization. I think that DACs go to the next level with incredible potential, easily the backbone of an economy this size of the Culture.
Back on Earth, the future world economy will be transformed, and far more efficient, if DACs take off.

AFAIK DACS preexisted BTC.  I learned about them in the context of open source hardware.  BTC is interesting because it provides one DAC mechanism... but what it rewards is very limited (mining).  Others have proposed plans like divvying up money based on source control checkins.  This is distributed dev, but still centralized rewards.
Torque
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January 28, 2015, 09:25:43 PM
 #20758

Wish BTC would stop plummeting.  It's being dominated by day traders.

The DOW drops on bad news, the Asian market reacts, and guess what dumps on Chinese exchanges almost simultaneously?  Yep, bitcoin.

It's still being treated as a stock/commodity.
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January 28, 2015, 09:30:08 PM
 #20759

usd wins today again
thezerg
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January 28, 2015, 09:43:32 PM
 #20760

It's still being treated as a stock/commodity.

 Huh - It is a commodity - Maybe in 2021 when inflation is less than 1% we can start to talk about it as a currency

No 2016 3% is very much inline with fiat... in 2021 it will be something new.
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