Bitcoin Forum
July 24, 2017, 01:03:16 PM *
News: Due to BIP91, it would starting now be prudent to require 5 times more confirmations than usual before trusting transactions.
 
   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 ... 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 1075 1076 1077 1078 1079 1080 1081 1082 1083 1084 [1085] 1086 1087 1088 1089 1090 1091 1092 1093 1094 1095 1096 1097 1098 1099 1100 1101 1102 1103 1104 1105 1106 1107 1108 1109 1110 1111 1112 1113 1114 1115 1116 1117 1118 1119 1120 1121 1122 1123 1124 1125 1126 1127 1128 1129 1130 1131 1132 1133 1134 1135 ... 1558 »
  Print  
Author Topic: Gold collapsing. Bitcoin UP.  (Read 1936121 times)
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
March 02, 2015, 07:32:16 PM
 #21681

and where is the next page?

1500901396
Hero Member
*
Offline Offline

Posts: 1500901396

View Profile Personal Message (Offline)

Ignore
1500901396
Reply with quote  #2

1500901396
Report to moderator
1500901396
Hero Member
*
Offline Offline

Posts: 1500901396

View Profile Personal Message (Offline)

Ignore
1500901396
Reply with quote  #2

1500901396
Report to moderator
1500901396
Hero Member
*
Offline Offline

Posts: 1500901396

View Profile Personal Message (Offline)

Ignore
1500901396
Reply with quote  #2

1500901396
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1500901396
Hero Member
*
Offline Offline

Posts: 1500901396

View Profile Personal Message (Offline)

Ignore
1500901396
Reply with quote  #2

1500901396
Report to moderator
1500901396
Hero Member
*
Offline Offline

Posts: 1500901396

View Profile Personal Message (Offline)

Ignore
1500901396
Reply with quote  #2

1500901396
Report to moderator
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
March 02, 2015, 07:49:29 PM
 #21682

since everyone prefers to look at charts that only go up, here's DZZ:  back over the top!:

cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
March 02, 2015, 08:11:40 PM
 #21683

https://twitter.com/balajis/status/572200996165820418
hdbuck
Legendary
*
Offline Offline

Activity: 1260



View Profile
March 02, 2015, 09:10:07 PM
 #21684

-snip-

I could get 4pcs 64GB microSD cards below $100 each two years ago. For the third and last time moores law is about cost per transistor (Which is analogous to cost per flash cell).

the 4 x 64GB would not have the same transistors density (since split into 4 separate sd cards) as the 200GB. ergo moore's law.


Ergo you don't understand moores law, but it's not your fault education has failed you.

nuff said

meh, thats just a brilliant argument.
You are saying 200GB SDcard isnt the result of moore's law because i lack education.
Who the fuck are you to juge?

Moore's law implies increasing transistors density whilst reducing (production) costs.
Its not because you'll pay an extra money as a dumb late consumer downstream that it is not valid.

But whatever i'll leave it to your ego.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
March 02, 2015, 09:47:52 PM
 #21685

Gold Collapsing. Bitcoin UP.

And we're just getting started.
zanzibar
Hero Member
*****
Offline Offline

Activity: 588


View Profile
March 02, 2015, 11:48:54 PM
 #21686

I predict a few big hacks this year and bye bye: http://www.theguardian.com/technology/2015/mar/02/apple-pay-mobile-payment-system-scammers
rocks
Legendary
*
Offline Offline

Activity: 1153


View Profile
March 02, 2015, 11:57:53 PM
 #21687


Regarding the "No" column, generally I've learned to ignore any criticism that starts with Bitcoin is "illiquid" and "volatile" because these are not properties of Bitcoin itself, but instead properties on how humans currently interact with Bitcoin.

When any "expert" starts an analysis with these properties, it means that they are focusing not on what Bitcoin is, but on how Bitcoin is used today. This analysis is fundamentally flaws because how we use Bitcoin can and will change over time. The only analysis that matters are ones that instead focus on what Bitcoin is and come to conclusions based on that.

Bitcoin is Bitcoin and has the same properties whether or not our interaction with it creates a liquid market or illiquid market. "Experts" that can't see that I've found never have anything useful to say.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
March 03, 2015, 12:21:29 AM
 #21688


great article.  thanks.
Wandererfromthenorth
Hero Member
*****
Offline Offline

Activity: 728



View Profile
March 03, 2015, 12:29:40 AM
 #21689


Regarding the "No" column, generally I've learned to ignore any criticism that starts with Bitcoin is "illiquid" and "volatile" because these are not properties of Bitcoin itself, but instead properties on how humans currently interact with Bitcoin.

When any "expert" starts an analysis with these properties, it means that they are focusing not on what Bitcoin is, but on how Bitcoin is used today. This analysis is fundamentally flaws because how we use Bitcoin can and will change over time. The only analysis that matters are ones that instead focus on what Bitcoin is and come to conclusions based on that.

Bitcoin is Bitcoin and has the same properties whether or not our interaction with it creates a liquid market or illiquid market. "Experts" that can't see that I've found never have anything useful to say.
The author of the "no" column raises perfectly valid points.
Current volatility and illiquidity are serious problems and they make BTC unusable as a currency RIGHT NOW.

What you are saying is that people should use something that NOW is unusable as a currency (or a store of value for that matter) with the hope that it will get better in the future. That doesn't make sense IMHO.

For volatility and illiquidity do drastically decrease bitcoin needs to be useful as a currency but to be useful as a currency volatility and illiquidity (among other things) need to decrease. Paradox.

The insane volatility is not going away anytime soon.
rocks
Legendary
*
Offline Offline

Activity: 1153


View Profile
March 03, 2015, 12:49:32 AM
 #21690


Regarding the "No" column, generally I've learned to ignore any criticism that starts with Bitcoin is "illiquid" and "volatile" because these are not properties of Bitcoin itself, but instead properties on how humans currently interact with Bitcoin.

When any "expert" starts an analysis with these properties, it means that they are focusing not on what Bitcoin is, but on how Bitcoin is used today. This analysis is fundamentally flaws because how we use Bitcoin can and will change over time. The only analysis that matters are ones that instead focus on what Bitcoin is and come to conclusions based on that.

Bitcoin is Bitcoin and has the same properties whether or not our interaction with it creates a liquid market or illiquid market. "Experts" that can't see that I've found never have anything useful to say.
The author of the "no" column raises perfectly valid points.
Current volatility and illiquidity are serious problems and they make BTC unusable as a currency RIGHT NOW.

What you are saying is that people should use something that NOW is unusable as a currency (or a store of value for that matter) with the hope that it will get better in the future. That doesn't make sense IMHO.

For volatility and illiquidity do drastically decrease bitcoin needs to be useful as a currency but to be useful as a currency volatility and illiquidity (among other things) need to decrease. Paradox.

The insane volatility is not going away anytime soon.

And you are using the exact same flawed logic to say this.

I never said that people should use bitcoin as a currency NOW (you said that).

I said that to properly guess what the future will look like, it is necessary to look at the innate properties of Bitcoin. Bitcoin's innate properties are what will determine how it is used in the future, not what it's usage pattern looks like today.

Bitcoin is not perfect, and there are issues, but its current usage is a transitory property that can and will change.

Using your logic, in 1985 everyone should have sold MSFT stock because very few people had PCs "right now", but the smart people looked to what the future could look like and determined valuation based on their predictions of a changing future, not what the present looked like. You, like Krugman and all the other "experts", are predicting Bitcoin failure based solely on the present world, not a rapidly changing future world.
79b79aa8d5047da6d3XX
Full Member
***
Offline Offline

Activity: 190

◕_◕


View Profile
March 03, 2015, 02:40:40 AM
 #21691

Regarding the "No" column, generally I've learned to ignore any criticism that starts with Bitcoin is "illiquid" and "volatile" because these are not properties of Bitcoin itself, but instead properties on how humans currently interact with Bitcoin.
Which is precisely what the author of the "Yes" column said. Just look at the title.
empowering
Hero Member
*****
Offline Offline

Activity: 742


View Profile
March 03, 2015, 03:58:08 AM
 #21692

-snip-

I could get 4pcs 64GB microSD cards below $100 each two years ago. For the third and last time moores law is about cost per transistor (Which is analogous to cost per flash cell).

the 4 x 64GB would not have the same transistors density (since split into 4 separate sd cards) as the 200GB. ergo moore's law.


Ergo you don't understand moores law, but it's not your fault education has failed you.

nuff said

meh, thats just a brilliant argument.
You are saying 200GB SDcard isnt the result of moore's law because i lack education.
Who the fuck are you to juge?

Moore's law implies increasing transistors density whilst reducing (production) costs.
Its not because you'll pay an extra money as a dumb late consumer downstream that it is not valid.

But whatever i'll leave it to your ego.


Relevant: http://www.kurzweilai.net/the-law-of-accelerating-returns  

"A foolish consistency is the hobgoblin of little minds"
uki
Legendary
*
Offline Offline

Activity: 1120


cryptojunk bag holder


View Profile
March 03, 2015, 11:15:12 AM
 #21693

Here another article pointing out what still needs to be done, before one can get excited again about BTC prices: http://www.newsbtc.com/2015/03/03/will-bitcoin-worth-500-2015/

Gold Collapsing. Bitcoin UP.

And we're just getting started.

gold is under terrible pressure since a month or so, yet, it did manage to hold above $1200. That is very positive for gold. I expect further pressure to the downside, but if it fails to break the price below $1180, expect some short rally up.

Zangelbert Bingledack
Legendary
*
Offline Offline

Activity: 1036


View Profile
March 03, 2015, 11:27:05 AM
 #21694

Here another article pointing out what still needs to be done, before one can get excited again about BTC prices: http://www.newsbtc.com/2015/03/03/will-bitcoin-worth-500-2015/

Quote
Lack of regulation

Are the central banks really supportive?

Bears continue to have the upper hand

If two non-reasons and one technical trendline is all that's holding the Bitcoin price back, that's pretty exciting.
uki
Legendary
*
Offline Offline

Activity: 1120


cryptojunk bag holder


View Profile
March 03, 2015, 11:32:08 AM
 #21695

Here another article pointing out what still needs to be done, before one can get excited again about BTC prices: http://www.newsbtc.com/2015/03/03/will-bitcoin-worth-500-2015/

Quote
Lack of regulation

Are the central banks really supportive?

Bears continue to have the upper hand

If two non-reasons and one technical trendline is all that's holding the Bitcoin price back, that's pretty exciting.
why are you underestimating the role of the central banks, holding in check every other asset? I wouldn't call it a non-reason.
Secondly, I am missing in that article adoption problems, as on of the fundamental obstacles, BTC has to face.

zanzibar
Hero Member
*****
Offline Offline

Activity: 588


View Profile
March 03, 2015, 09:10:17 PM
 #21696

Finally! With Trezor Support.

http://cointelegraph.com/news/113604/electrum-releases-version-20-with-2fa-multisig-wallets-and-more
Wandererfromthenorth
Hero Member
*****
Offline Offline

Activity: 728



View Profile
March 03, 2015, 10:53:03 PM
 #21697


Regarding the "No" column, generally I've learned to ignore any criticism that starts with Bitcoin is "illiquid" and "volatile" because these are not properties of Bitcoin itself, but instead properties on how humans currently interact with Bitcoin.

When any "expert" starts an analysis with these properties, it means that they are focusing not on what Bitcoin is, but on how Bitcoin is used today. This analysis is fundamentally flaws because how we use Bitcoin can and will change over time. The only analysis that matters are ones that instead focus on what Bitcoin is and come to conclusions based on that.

Bitcoin is Bitcoin and has the same properties whether or not our interaction with it creates a liquid market or illiquid market. "Experts" that can't see that I've found never have anything useful to say.
The author of the "no" column raises perfectly valid points.
Current volatility and illiquidity are serious problems and they make BTC unusable as a currency RIGHT NOW.

What you are saying is that people should use something that NOW is unusable as a currency (or a store of value for that matter) with the hope that it will get better in the future. That doesn't make sense IMHO.

For volatility and illiquidity do drastically decrease bitcoin needs to be useful as a currency but to be useful as a currency volatility and illiquidity (among other things) need to decrease. Paradox.

The insane volatility is not going away anytime soon.

And you are using the exact same flawed logic to say this.

I never said that people should use bitcoin as a currency NOW (you said that).

I said that to properly guess what the future will look like, it is necessary to look at the innate properties of Bitcoin. Bitcoin's innate properties are what will determine how it is used in the future, not what it's usage pattern looks like today.

Bitcoin is not perfect, and there are issues, but its current usage is a transitory property that can and will change.

Using your logic, in 1985 everyone should have sold MSFT stock because very few people had PCs "right now", but the smart people looked to what the future could look like and determined valuation based on their predictions of a changing future, not what the present looked like. You, like Krugman and all the other "experts", are predicting Bitcoin failure based solely on the present world, not a rapidly changing future world.
If people can't use bitcoin as a currency right now because volatility (among other problems) makes it unusable they will use it for speculation. And that's exactly what is happening today. Pretty much nobody uses bitcoin for its intended purpose compared to the amount of people using it to profit from the volatility.

When enthusiasts talk about how "volatility will decrease as adoption grows" they are talking about actual "adoption" as money/currency/store of value, not as a volatile profit-making instrument for traders and gamblers on OkCoin and Huobi...


Your microsoft analogy doesn't stand because there is no paradox right there. People just had to start using PCs. They can't do the same with bitcoin because of problems that will go away only if bitcoin becomes widely used, but at the same time that can't happen because of those same problems. See the paradox?

I'm not judging bitcoin for what it is used, I'm using bitcoin for what it could (and couldn't) be used.
brg444
Hero Member
*****
Offline Offline

Activity: 644

Bitcoin replaces central, not commercial, banks


View Profile
March 03, 2015, 11:10:49 PM
 #21698

If people can't use bitcoin as a currency right now because volatility (among other problems) makes it unusable they will use it for speculation. And that's exactly what is happening today. Pretty much nobody uses bitcoin for its intended purpose compared to the amount of people using it to profit from the volatility.

Who are you to decide what Bitcoin's "intended purpose" is? How is its speculative use as a store of value not a legitimate purpose?

When enthusiasts talk about how "volatility will decrease as adoption grows" they are talking about actual "adoption" as money/currency/store of value, not as a volatile profit-making instrument for traders and gamblers on OkCoin and Huobi...

That's just not true. By adoption what people really mean is increased liquidity. Whatever use-case this liquidity is derived from is irrelevant.

People just had to start using PCs. They can't do the same with bitcoin because of problems that will go away only if bitcoin becomes widely used, but at the same time that can't happen because of those same problems. See the paradox?

I'm not judging bitcoin for what it is used, I'm using bitcoin for what it could (and couldn't) be used.

PCs were considerably expensive back then and before the internet there was little you could do with it from a consumer, general public standpoint. PCs were considered a niche because they were a. too expensive b. too complicated. Those "problems" were solved by increased adoption and improving technology.

This is very much the situation Bitcoin is in right now.

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
tabnloz
Legendary
*
Offline Offline

Activity: 961


View Profile
March 04, 2015, 06:54:42 AM
 #21699

Bitcoin as an 'infrastructure' weapon in digital war.

Plenty wrong with this article ( “You don’t like us and we often don’t like you. Performing this service will in no way immunize you from applicable domestic laws, now or in the future. But we share a common enemy and will defeat it best by working together.”), however quite interesting.

"US Govt should pay Anonymous in bitcoin to fight ISIS"

http://foreignpolicy.com/2015/03/03/the-u-s-government-should-pay-anonymous-in-bitcoin-to-fight-isis/


sickpig
Legendary
*
Offline Offline

Activity: 1176


View Profile
March 06, 2015, 08:12:18 AM
 #21700

Monday.

I'm going to let a proofreader go over this one rather than simply publishing the moment I finished writing the draft.

Firstly, I really want to thank you for what you've done here. You've perfectly formalized (and theoretically solved) a problem that was in the back of my mind since I've properly understood the bitcoin network topology.

Secondly, as of your knowledge, are the core devs aware of this issue? Do they agree with the given definition of the problem? And more to the point, is there a plan to develop something along the line of your proposed solution?

By the way I've just discovered, thanks to 2112, the existence of a 2012 paper about this specific matter (introduce economic incentive to relay information through p2p bitcoin network) titled "On Bitcoin and Red Balloons":

http://research.microsoft.com/apps/pubs/?id=156072 (1)

I've gave just a quick glance to the paper and I don't even look to their proposed solution. I've just mention it as a proof that the issue at hand is a long standing one.

(1) here http://research.microsoft.com/en-us/projects/socialalgs/bitcoin-red-balloons.aspx you can find a brief overview/summary of the paper.


Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
Pages: « 1 ... 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 1075 1076 1077 1078 1079 1080 1081 1082 1083 1084 [1085] 1086 1087 1088 1089 1090 1091 1092 1093 1094 1095 1096 1097 1098 1099 1100 1101 1102 1103 1104 1105 1106 1107 1108 1109 1110 1111 1112 1113 1114 1115 1116 1117 1118 1119 1120 1121 1122 1123 1124 1125 1126 1127 1128 1129 1130 1131 1132 1133 1134 1135 ... 1558 »
  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!