Bitcoin Forum
September 24, 2017, 06:05:49 PM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   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 ... 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 1136 1137 1138 1139 1140 1141 1142 1143 1144 1145 1146 1147 1148 1149 1150 1151 1152 1153 1154 1155 ... 1558 »
  Print  
Author Topic: Gold collapsing. Bitcoin UP.  (Read 1980867 times)
JaredStein
Full Member
***
Offline Offline

Activity: 186


🌟ATLANT ICO: 7/09/17🌟


View Profile
March 19, 2015, 04:58:01 PM
 #22081

Selling of coins in response to an exchange hack or theft is stupid as the hackers  are  more likely to hoard the coins for a long while than the traders who are  actively trading.

Unless those coins selling on exchange are themselves the hacked or stolen coins or are at least driving the liquidity.

Still as disruptive as this is I still see it as a long term positive for Bitcoin.

altho it's possible, it's hard to imagine the hackers/thieves would be able to sell all those coins on an exchange so quickly for fear of drawing unwanted attention.
I assume they would sell them in small increments with many different accounts with proxies and such.

1506276349
Hero Member
*
Offline Offline

Posts: 1506276349

View Profile Personal Message (Offline)

Ignore
1506276349
Reply with quote  #2

1506276349
Report to moderator
1506276349
Hero Member
*
Offline Offline

Posts: 1506276349

View Profile Personal Message (Offline)

Ignore
1506276349
Reply with quote  #2

1506276349
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1506276349
Hero Member
*
Offline Offline

Posts: 1506276349

View Profile Personal Message (Offline)

Ignore
1506276349
Reply with quote  #2

1506276349
Report to moderator
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
March 19, 2015, 06:44:20 PM
 #22082

Bagatell
Hero Member
*****
Offline Offline

Activity: 722



View Profile
March 19, 2015, 07:30:11 PM
 #22083



"So it's a targeted news result."

http://www.reddit.com/r/Bitcoin/comments/2zlgbw/front_page_of_yahoo_now_31915/
tvbcof
Legendary
*
Offline Offline

Activity: 2268


View Profile
March 19, 2015, 07:35:35 PM
 #22084

Selling of coins in response to an exchange hack or theft is stupid as the hackers  are  more likely to hoard the coins for a long while than the traders who are  actively trading.

Unless those coins selling on exchange are themselves the hacked or stolen coins or are at least driving the liquidity.

Still as disruptive as this is I still see it as a long term positive for Bitcoin.

altho it's possible, it's hard to imagine the hackers/thieves would be able to sell all those coins on an exchange so quickly for fear of drawing unwanted attention.

Why would a thief give a fuck?  Has anyone ever gotten in trouble for stealing BTC through technical means (as opposed to, say, the pirate@40 way)?  If doing so is even 'illegal' in the first place, it is utterly trivial to obtain the necessary degree of plausible deniability to avoid formal legal hassles, and the mainstream legal and law enforcement systems demonstrably preclude pretty much all extra-judicial modes of enforcement.  As best I can tell at least.

One of the best reasons to have some pinnacle reserve base (hopefully Bitcoin) which not everyone uses directly is that those who do use it will be, by nature, more able to protect themselves.  This in and of itself would heavily mitigate the theft and fraud which is jaw-droppingly prevalent in the ecosystem, and which is perfectly understandable in a system which was originally designed to be stand-alone relative to state sponsored support.  An alternate solution which makes a lot of sense to a lot of people (because it is not inherently nonsense) is to just merge Bitcoin into the mainstream law enforcement systems which already exist.  I dis-favor this strategy.  Strongly.


bracek
Hero Member
*****
Offline Offline

Activity: 530


View Profile
March 19, 2015, 11:04:20 PM
 #22085

coins that are dumped now, are from the theft that will be exposed, realized, next month Smiley

people first experience stopped withdrawals,
that is because coins are already gone, and being dumped

so, after a month of no response from admins or whoever, scam gets out ,
and those coins are already sold

so , from this dump we can predict that next month (too) will be some kind of scam/theft revelation
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
March 21, 2015, 11:29:36 PM
 #22086

 Even if interest rates start to rise in a material fashion, which is unlikely anytime soon, the lack of counter-party risk will make digital gold irresistible for many looking to protect their savings.

http://www.forbes.com/sites/michaellingenheld/2015/03/18/bitcoin-and-gold-when-worlds-collide/?utm_content=buffere05e6&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
ssmc2
Legendary
*
Offline Offline

Activity: 1036


View Profile
March 21, 2015, 11:38:49 PM
 #22087

Even if interest rates start to rise in a material fashion, which is unlikely anytime soon, the lack of counter-party risk will make digital gold irresistible for many looking to protect their savings.

http://www.forbes.com/sites/michaellingenheld/2015/03/18/bitcoin-and-gold-when-worlds-collide/?utm_content=buffere05e6&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

GBI's website links to this article:

http://www.myfoxny.com/story/28296713/digital-gold

Whole thing seems unnecessary when BTC fits the bill just fine.  Cheesy
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
March 21, 2015, 11:54:34 PM
 #22088

Even if interest rates start to rise in a material fashion, which is unlikely anytime soon, the lack of counter-party risk will make digital gold irresistible for many looking to protect their savings.

http://www.forbes.com/sites/michaellingenheld/2015/03/18/bitcoin-and-gold-when-worlds-collide/?utm_content=buffere05e6&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

GBI's website links to this article:

http://www.myfoxny.com/story/28296713/digital-gold

Whole thing seems unnecessary when BTC fits the bill just fine.  Cheesy


talk about lame:

"Singh says GBI is applying some of the innovative mechanisms of Bitcoin to gold, and you never know where it might go."
79b79aa8d5047da6d3XX
Full Member
***
Offline Offline

Activity: 192

◕_◕


View Profile
March 21, 2015, 11:55:14 PM
 #22089

GBI's website links to this article:
http://www.myfoxny.com/story/28296713/digital-gold
Whole thing seems unnecessary when BTC fits the bill just fine.  Cheesy

Quote
When the order hits the GBI system, it is bid out to different gold dealers around the world. Whoever bids the best price gets the transaction. Then, GBI will move that specific gold bar or coin to whatever location you choose. GBI has about half a dozen vaults across the world. Alternatively, you can even have your gold securely shipped to your home or office. Singh says he even has clients who have opted to bury their gold bars in the backyards.
Yep, burying gold is the way of the future.

Quote
He says GBI is creating a debit card that you can swipe at a local grocery store and deduct from your gold balance. GBI is even working on an app that lets you pay for hotel rooms when you're on vacation.
So which way is it: does the client keep control of the gold or not?

Quote
Singh says GBI is applying some of the innovative mechanisms of Bitcoin to gold, and you never know where it might go.
Speechless.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
March 22, 2015, 02:41:13 AM
 #22090

Hardly a crackdown, but at least something:

http://www.politico.com/story/2015/03/the-coming-crackdown-on-federal-reserve-power-116267.html
justusranvier
Legendary
*
Offline Offline

Activity: 1400



View Profile WWW
March 22, 2015, 02:59:06 AM
 #22091

It's posturing.

Actually, it's a public bribe negotiation. Congressmen make some noise, then the parties to stand to lose from the proposal find a way to "settle out of court". The only way this proposal goes anywhere is if the negotiations break down.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
March 22, 2015, 04:18:36 AM
 #22092

"there will only be one" is starting to catch on :

http://www.coindesk.com/bitvc-ceases-litecoin-futures-offering-to-focus-on-bitcoin/
iCEBREAKER
Legendary
*
Offline Offline

Activity: 1778


http://DashNdrink.com


View Profile WWW
March 22, 2015, 04:31:57 AM
 #22093


Litecoin fading != "there will only be one" is starting to catch on

All the recent attention to the dangers of BTC's lack of privacy and fungibility have only highlighted the need for coins that offer those features.

Radical transparency certainly has its uses in certain places.  But so does radical opacity.

Hence today's brouhaha among the redditurds:

https://www.reddit.com/r/Bitcoin/comments/2zrdxz/withdrawals_halted_as_stolen_evolution_coins_make/

The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy.  David Chaum 1996
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Core GUI - Podcats - Roadmap - Dice - Blackjack - Github - Android }
MoneroForCash.com  |  Buy and sell XMR near you  |  Easymonero.com  |  Bitsquare.io - Decentralized XMR Exchange  |  Buy XMR with fiat
Fungibility provides privacy as a side effect.  Adam Back 2014

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


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
Dusty
Hero Member
*****
Offline Offline

Activity: 725


Libertas a calumnia


View Profile WWW
March 22, 2015, 04:51:10 AM
 #22094

A very nice article about bitcoin and gold virtues if (when?) the dollar collapses:

When the Dollar Collapses, which is better Money, Gold or Bitcoin?

Articoli bitcoin: Il portico dipinto
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
March 22, 2015, 05:13:10 AM
 #22095


Litecoin fading != "there will only be one" is starting to catch on

All the recent attention to the dangers of BTC's lack of privacy and fungibility have only highlighted the need for coins that offer those features.

Radical transparency certainly has its uses in certain places.  But so does radical opacity.

Hence today's brouhaha among the redditurds:

https://www.reddit.com/r/Bitcoin/comments/2zrdxz/withdrawals_halted_as_stolen_evolution_coins_make/

That's just a bunch of FUD. Tainting coins has not worked once in Bitcoins history.
smooth
Legendary
*
Offline Offline

Activity: 1540



View Profile
March 22, 2015, 05:33:11 AM
 #22096


Litecoin fading != "there will only be one" is starting to catch on

All the recent attention to the dangers of BTC's lack of privacy and fungibility have only highlighted the need for coins that offer those features.

Radical transparency certainly has its uses in certain places.  But so does radical opacity.

Hence today's brouhaha among the redditurds:

https://www.reddit.com/r/Bitcoin/comments/2zrdxz/withdrawals_halted_as_stolen_evolution_coins_make/

That's just a bunch of FUD. Tainting coins has not worked once in Bitcoins history.

That depends what you mean by worked. If the reports of a blockage of btc-e transactions are correct (I'm not really sure) then people were inconvenienced by the mere attempt to sort through tainted coins, whether or not that attempt was successful. As long as people believe BTC has taint then maybe that perception itself is a problem? This is not the first and won't be the last time we've heard about the concern.

In any case, I have to agree with iCEBREAKER that LTC is irrelevant and the more interesting question is other coins that are actually different from BTC in meaningful ways.
iCEBREAKER
Legendary
*
Offline Offline

Activity: 1778


http://DashNdrink.com


View Profile WWW
March 22, 2015, 05:59:37 AM
 #22097


Litecoin fading != "there will only be one" is starting to catch on

All the recent attention to the dangers of BTC's lack of privacy and fungibility have only highlighted the need for coins that offer those features.

Radical transparency certainly has its uses in certain places.  But so does radical opacity.

Hence today's brouhaha among the redditurds:

https://www.reddit.com/r/Bitcoin/comments/2zrdxz/withdrawals_halted_as_stolen_evolution_coins_make/

That's just a bunch of FUD. Tainting coins has not worked once in Bitcoins history.

You may define down, or otherwise minimize, as rigorously and deflectively as you like the term 'tainting.'

smooth and I prefer the functional definition, elucidated via praxis.

IE, if you wish to move your coins, but are prevented from doing so by consequence of some third parties' ostensible interest in them rather than technical obstacles, they are by the common understanding 'tainted.'

The nightmare scenario for you Old Whales is a whitelist, where by default movement of all non-permitted coins is forbidden.

Did you read the linked reddit discussion?  Peter Todd makes some good points in this area, albeit on the shaky grounds of the slippery slope trope.

The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy.  David Chaum 1996
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Core GUI - Podcats - Roadmap - Dice - Blackjack - Github - Android }
MoneroForCash.com  |  Buy and sell XMR near you  |  Easymonero.com  |  Bitsquare.io - Decentralized XMR Exchange  |  Buy XMR with fiat
Fungibility provides privacy as a side effect.  Adam Back 2014

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


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
sidhujag
Legendary
*
Offline Offline

Activity: 1582


View Profile
March 22, 2015, 06:45:53 AM
 #22098

A very nice article about bitcoin and gold virtues if (when?) the dollar collapses:

When the Dollar Collapses, which is better Money, Gold or Bitcoin?
Was satoshis intent to allow for a gold backed bitcoin since there is a reason he chose 21 million units based on amount of gold oz estimated that will be mined?
I was also thinking that the limit would be removed though because an exchange medium involving two parties relies on work instead of debt... With proof of work you exchange work for proof of work.. With limit being reached the value of the work stops rising breaking incentive to provide work reducing value as a currency.. Although the population increase may negate that.

Maybe you make it asymptotically reach 21 million so that you have an ever increasing value of work and strong incentives to work to mine.. And create efficiencies to mine easier (making it an energy issue rather than a algorithm issue)

★☆★Syscoin - Decentralized Marketplace and Multisig Platform
Pay with Bitcoin, ZCash and many more
For more visit Syscoin.org  ★☆★
Zangelbert Bingledack
Legendary
*
Offline Offline

Activity: 1036


View Profile
March 22, 2015, 06:53:50 AM
 #22099

The nightmare scenario for you Old Whales is a whitelist, where by default movement of all non-permitted coins is forbidden.

Did you read the linked reddit discussion?  Peter Todd makes some good points in this area, albeit on the shaky grounds of the slippery slope trope.

Voluntary whitelisting will never take off. Government whitelisting might happen, but so might government bans. Both are likely to be isolated/temporary, because of the chilling effects they would have on economic growth in the countries implementing them, once Bitcoin is a little more advanced.

Peter Todd is sounding like a codehead, thinking of everything from the technical angle not actual incentives (cypher's meme: "The Geeks Fail to Understand That Which They Hath Created"). There is no slippery slope of incentives for a voluntary whitelist, and that's why it's never been done before. If thieves come to an exchange practically announcing, "THESE COINS ARE STOLEN," the exchange might see it as good PR to refuse them until the coins are better mixed, but if they do any more than that, refusing coins with some level of taint, they just destroy their own business.

There's a somewhat bombastic speech by Stefan Molyneux on /r/Bitcoin today where he points out that if people had to pay directly for the war on drugs, it would come to $XXXXX per person, and people would find their moral indignation fading away quite quickly. I think the same is true with whitelists. The momentary outrage at scammers is not realistically going to incentivize people to make actual sacrifices, especially monetary sacrifices. People might say they'd patronize BTC-e if they only take clean coins, but if accounts start getting frozen customers will make a beeline out of there.

People think they have a strong opinion when they're gabbing on a forum, but the market reveals how much they really care. It's only in government where people's voice on what they think they want, but would never be willing to pay for, comes to fruition.
tabnloz
Legendary
*
Offline Offline

Activity: 962


View Profile
March 22, 2015, 06:54:58 AM
 #22100

IBM, The Fed & GovCoin: Love blockchain, not bitcoin

http://seekingalpha.com/article/3016986-govcoin-ibm-and-intel-flirt-with-the-blockchain
Pages: « 1 ... 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 1136 1137 1138 1139 1140 1141 1142 1143 1144 1145 1146 1147 1148 1149 1150 1151 1152 1153 1154 1155 ... 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!