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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1979056 times)
WhatNow44
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March 24, 2015, 03:11:22 PM
 #22201

No "Gold collapsing, bitcoin UP" today?


https://pbs.twimg.com/media/CA3qO7HVIAAEhtm.png
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1506081051
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ssmc2
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March 24, 2015, 03:19:23 PM
 #22202

http://news.yahoo.com/feces-contains-gold-worth-millions-224632128.html

Do NOT flush!   Cheesy
hdbuck
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March 24, 2015, 03:24:49 PM
 #22203

No "Gold collapsing, bitcoin UP" today?




bulltrap
justusranvier
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March 24, 2015, 04:24:43 PM
 #22204

Almost one year of inactivity on the OT pub repo.
There's been quite a bit of activity in the OT repos recently:

https://github.com/Open-Transactions/opentxs/commits/develop
sickpig
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March 24, 2015, 04:35:15 PM
 #22205

Almost one year of inactivity on the OT pub repo.
There's been quite a bit of activity in the OT repos recently:

https://github.com/Open-Transactions/opentxs/commits/develop

I've looked at

https://github.com/FellowTraveler/Open-Transactions/commits/master

I was somewhat tricked by the mobile version of github.






Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
justusranvier
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March 24, 2015, 04:59:53 PM
 #22206

Almost one year of inactivity on the OT pub repo.
There's been quite a bit of activity in the OT repos recently:

https://github.com/Open-Transactions/opentxs/commits/develop

I've looked at

https://github.com/FellowTraveler/Open-Transactions/commits/master

I was somewhat tricked by the mobile version of github.
The Open-Transactions repo was split up into several modules and is deprecated. opentxs is now the primary OT library repo.

https://github.com/FellowTraveler/opentxs/commits/develop
iCEBREAKER
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http://DashNdrink.com


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March 24, 2015, 06:41:19 PM
 #22207

More whining and FUD from the buggy-whip making Luddites:
Quote
Bitcoin’s lien problem

Part of the BitcoinMania series

http://ftalphaville.ft.com/2015/03/24/2122678/bitcoins-lien-problem/

Quote
At cryptocurrency and fintech conferences, FT Alphaville often hears Bitcoin enthusiasts make the assertion that Bitcoin is superior to fiat currency because it eliminates debt from the monetary system.

But this, of course, is a fallacy.

Bitcoin may have the potential to create a fully-funded reserve system, but it certainly doesn’t eliminate debt from any system.

At best, Bitcoin’s public ledger records a transfer of digital access rights in the eyes of the clearing network. It does not, however, record or see the terms and conditions of that transfer...

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
cypherdoc
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March 24, 2015, 06:44:10 PM
 #22208

More whining and FUD from the buggy-whip making Luddites:
Quote
Bitcoin’s lien problem

Part of the BitcoinMania series

http://ftalphaville.ft.com/2015/03/24/2122678/bitcoins-lien-problem/

Quote
At cryptocurrency and fintech conferences, FT Alphaville often hears Bitcoin enthusiasts make the assertion that Bitcoin is superior to fiat currency because it eliminates debt from the monetary system.

But this, of course, is a fallacy.

Bitcoin may have the potential to create a fully-funded reserve system, but it certainly doesn’t eliminate debt from any system.

At best, Bitcoin’s public ledger records a transfer of digital access rights in the eyes of the clearing network. It does not, however, record or see the terms and conditions of that transfer...

paywall.  how bout posting the article?
79b79aa8d5047da6d3XX
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March 24, 2015, 07:51:05 PM
 #22209

Does anybody know what happened to the Chicago Sun Times accepting BTC micropayments?

I would certainly pay 0.0005 BTC for reading that FT article.


EDIT: Incredibly, this is being discussed today on /r/Bitcoin, with people from the WSJ and CST chiming in.
http://www.reddit.com/r/Bitcoin/comments/302q8s/can_wsj_please_allow_bitcoin_microtransactions_to/
cypherdoc
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March 25, 2015, 12:50:22 AM
 #22210

what a bunch of whiny bitches:

In particular, Mr Browne pointed to virtual currencies such as Bitcoin, which he said had raised concerns about money laundering, since Bitcoin companies are not subject to the same anti-laundering legislation as banks.


http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/11490145/Banks-vulnerable-to-liquidity-squeeze-as-digital-shift-hastens-capital-flight.html
cypherdoc
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March 25, 2015, 12:51:51 AM
 #22211

rocks
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March 25, 2015, 01:55:59 AM
 #22212


Yesterday it was the same with gold, they didn't outlaw gold per se, instead they said you had to transfer gold to the gov who gave you an equivalent amount of dollars that were the same as gold, that they could now track within the banks.

Today it is the same with cash, they are not outlawing cash, but any amount or transaction above a nominal amount has to be kept in electronic form in bank accounts, enabling full tracking and ownership by the government, this is today. They could easily legislate this for bitcoin.


They were able to introduce paper dollars because these are, in many ways, better than gold coins; then they were able to introduce electronic dollars because these are, in many ways, better than paper dollars. But this works as long as the new system reduces friction in payments. Now the game is over.

Agree with you, that is why I am here and invested. But I'd characterize bitcoin as "having a fighting chance" because the system reduces friction, not that "the game is over". It will be a long battle, and they haven't even started to use the various tools at their disposal.
majamalu
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March 25, 2015, 03:08:47 AM
 #22213


Yesterday it was the same with gold, they didn't outlaw gold per se, instead they said you had to transfer gold to the gov who gave you an equivalent amount of dollars that were the same as gold, that they could now track within the banks.

Today it is the same with cash, they are not outlawing cash, but any amount or transaction above a nominal amount has to be kept in electronic form in bank accounts, enabling full tracking and ownership by the government, this is today. They could easily legislate this for bitcoin.


They were able to introduce paper dollars because these are, in many ways, better than gold coins; then they were able to introduce electronic dollars because these are, in many ways, better than paper dollars. But this works as long as the new system reduces friction in payments. Now the game is over.

Agree with you, that is why I am here and invested. But I'd characterize bitcoin as "having a fighting chance" because the system reduces friction, not that "the game is over". It will be a long battle, and they haven't even started to use the various tools at their disposal.

If they didn't destroy Bitcoin is not because they never wanted to, but because they can't. Look at what they did to centralized monetary systems far smaller than Bitcoin.

My guess is they are silently migrating their own wealth to Bitcoin before full legalization. But you are right: there's no way to know for sure.

http://elbitcoin.org - Bitcoin en español
http://mercadobitcoin.com - MercadoBitcoin
cypherdoc
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March 25, 2015, 04:36:14 AM
 #22214


Yesterday it was the same with gold, they didn't outlaw gold per se, instead they said you had to transfer gold to the gov who gave you an equivalent amount of dollars that were the same as gold, that they could now track within the banks.

Today it is the same with cash, they are not outlawing cash, but any amount or transaction above a nominal amount has to be kept in electronic form in bank accounts, enabling full tracking and ownership by the government, this is today. They could easily legislate this for bitcoin.


They were able to introduce paper dollars because these are, in many ways, better than gold coins; then they were able to introduce electronic dollars because these are, in many ways, better than paper dollars. But this works as long as the new system reduces friction in payments. Now the game is over.

Agree with you, that is why I am here and invested. But I'd characterize bitcoin as "having a fighting chance" because the system reduces friction, not that "the game is over". It will be a long battle, and they haven't even started to use the various tools at their disposal.

If they didn't destroy Bitcoin is not because they never wanted to, but because they can't. Look at what they did to centralized monetary systems far smaller than Bitcoin.

My guess is they are silently migrating their own wealth to Bitcoin before full legalization. But you are right: there's no way to know for sure.

sometimes it's hard for ppl to recognize that which sits right before their very faces.  step back and look to those far corners of the Earth where Bitcoin has spread.
silverfuture
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central banking = outdated protocol


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March 25, 2015, 12:15:38 PM
 #22215




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Wandererfromthenorth
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March 25, 2015, 02:09:31 PM
 #22216

If they didn't destroy Bitcoin is not because they never wanted to, but because they can't.
They can't?

1: Spend the necessary capital to 51% attack the network. Destroy it.
Good luck creating another bitcoin that people will trust after that.



2: Wire $20M-$50M on various bitcoin exchanges and short it down to single digits and beyond in one go totally destroying confidence.
Currently there are around $15M in bids (lol) on all major exchanges combined and plenty of longs that can be completely margin called ($23M+ on bitfinex alone for example), it should be fairly easy.

Not only $20M-$50M is nothing for them if they are inclined in "killing" BTC, they would also make a very good profit on top of it.


They could destroy bitcoin is they wanted to. Thing is, they probably DGAF.
Spaceman_Spiff
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March 25, 2015, 03:23:44 PM
 #22217

2: Wire $20M-$50M on various bitcoin exchanges and short it down to single digits and beyond in one go totally destroying confidence.
Currently there are around $15M in bids (lol) on all major exchanges combined and plenty of longs that can be completely margin called ($23M+ on bitfinex alone for example), it should be fairly easy.
Not only $20M-$50M is nothing for them if they are inclined in "killing" BTC, they would also make a very good profit on top of it.
yeah, if ever something like that were to occur, BTC would be finished for sure...   Roll Eyes



Inb4 "This Time is DifferentTM "
jmw74
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March 25, 2015, 03:25:55 PM
 #22218

If they didn't destroy Bitcoin is not because they never wanted to, but because they can't.
They can't?

1: Spend the necessary capital to 51% attack the network. Destroy it.
Good luck creating another bitcoin that people will trust after that.

2: Wire $20M-$50M on various bitcoin exchanges and short it down to single digits and beyond in one go totally destroying confidence.
Currently there are around $15M in bids (lol) on all major exchanges combined and plenty of longs that can be completely margin called ($23M+ on bitfinex alone for example), it should be fairly easy.

Not only $20M-$50M is nothing for them if they are inclined in "killing" BTC, they would also make a very good profit on top of it.


They could destroy bitcoin is they wanted to. Thing is, they probably DGAF.


That won't destroy bitcoin, it will just make its user base smaller in the short term.

From there it will grow again. It has to, it's too useful to just "go away".

Bitcoin (the neutral money concept) can't be destroyed as long as there's a group of people who desire it. I don't think people will stop desiring it, ever.

Attacks from the state (propaganda, threats, DOS) may prevent bitcoin from going fully mainstream, but even if it remains niche, it will likely be a larger niche than it occupies today.
Wandererfromthenorth
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March 25, 2015, 03:31:15 PM
 #22219

2: Wire $20M-$50M on various bitcoin exchanges and short it down to single digits and beyond in one go totally destroying confidence.
Currently there are around $15M in bids (lol) on all major exchanges combined and plenty of longs that can be completely margin called ($23M+ on bitfinex alone for example), it should be fairly easy.
Not only $20M-$50M is nothing for them if they are inclined in "killing" BTC, they would also make a very good profit on top of it.
yeah, if ever something like that were to occur, BTC would be finished for sure...   Roll Eyes



Inb4 "This Time is DifferentTM "
Are you serious?

So you think that crashing from $0.06 to $0.01 in the early days (for just a few moments) when BTC was traded by a handful of people at mtgox with a few k of trading volume and crashing to say single digits now after having reached $1200 and having stayed in triple digit range for more than a year are pretty much the same thing?

Are you for real


Because yeah, if somebody uses $20M to short BTC to single digits in a few weeks/months and keeping it there for a decent amount of time, confidence is not killed. Bitcoin eventually recovers and everything is just fine.
Sure Roll Eyes
lunarboy
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March 25, 2015, 03:37:50 PM
 #22220

If it went down that far i'd buy 21 mill  Huh
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