Bitcoin Forum
May 23, 2017, 08:52:27 PM *
News: If the forum does not load normally for you, please send me a traceroute.
 
   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 ... 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 1156 1157 1158 1159 1160 1161 1162 1163 1164 ... 1559 »
  Print  
Author Topic: Gold collapsing. Bitcoin UP.  (Read 1902035 times)
ssmc2
Hero Member
*****
Offline Offline

Activity: 938


View Profile
March 25, 2015, 08:49:50 PM
 #22261

http://mashable.com/2015/03/25/google-pony-express/
1495572747
Hero Member
*
Offline Offline

Posts: 1495572747

View Profile Personal Message (Offline)

Ignore
1495572747
Reply with quote  #2

1495572747
Report to moderator
1495572747
Hero Member
*
Offline Offline

Posts: 1495572747

View Profile Personal Message (Offline)

Ignore
1495572747
Reply with quote  #2

1495572747
Report to moderator
1495572747
Hero Member
*
Offline Offline

Posts: 1495572747

View Profile Personal Message (Offline)

Ignore
1495572747
Reply with quote  #2

1495572747
Report to moderator
Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1495572747
Hero Member
*
Offline Offline

Posts: 1495572747

View Profile Personal Message (Offline)

Ignore
1495572747
Reply with quote  #2

1495572747
Report to moderator
1495572747
Hero Member
*
Offline Offline

Posts: 1495572747

View Profile Personal Message (Offline)

Ignore
1495572747
Reply with quote  #2

1495572747
Report to moderator
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
March 25, 2015, 09:11:30 PM
 #22262

John Nash still going strong.  Amazing:

https://www.sciencenews.org/blog/science-ticker/john-nash-louis-nirenberg-share-math%E2%80%99s-abel-prize

Remember Nash on gold & Bitcoin?:

http://cryptogeeks.com/bitcoin-john-nash-talking-about-bitcoin-all-respect-i-dont-understand-anything

also, the Nash Equilibrium and mining.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
March 25, 2015, 09:29:14 PM
 #22263

no one wants to hear it but Jim Grant lays it on the line again:

Jim Grant: Fed’s Emergency Maneuvers More Likely To Hasten Actual Emergency

https://grabien.com/file.php?id=40434&searchorder=date
sidhujag
Legendary
*
Offline Offline

Activity: 1456


View Profile
March 25, 2015, 09:45:04 PM
 #22264


I think he invented bitcoin

★☆★Syscoin - Decentralized Marketplace and Multisig Platform
Pay with Bitcoin, ZCash and many more
For more visit Syscoin.org  ★☆★
Pruden
Sr. Member
****
Offline Offline

Activity: 476

Sirius Iberia - Nos tomamos el Bitcoin en serio


View Profile
March 25, 2015, 10:20:08 PM
 #22265

Stocks getting pounded today, and yes Pruden, i still like the Dow Theory non conf:


It would have been a bad day if not for the fact that very few issues made a new 52-week low. This guarantees a bounce, which might set up a correction, like in early December, but for now longs are the place to be.

Still, economic surprises are very strong on the bad side this quarter. The good news is that the oil crash is over.

cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
March 25, 2015, 10:33:19 PM
 #22266


we talked about this before.

i'm going thru more of his stuff.  i'm liking it.
sickpig
Legendary
*
Offline Offline

Activity: 1162


View Profile
March 25, 2015, 10:51:23 PM
 #22267


we talked about this before.

i'm going thru more of his stuff.  i'm liking it.

Search the  "Bitcoin 20MB fork" thread for traincarswreck's posts you'll find quite a few resources aimed to link Nash and bitcoin (mind you that he can be very "cryptic" at times:)

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

Activity: 1596



View Profile
March 26, 2015, 01:06:26 AM
 #22268



One of the stranger Satoshi theories: Satoshi == Nick Szabo == Wei Dai == John Nash. I skimmed this one night: http://fuk.io/who-is-satoshi-nakamoto-the-truth/ . Seems a bit nuts, even by Bitcoin standards.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
Best info on Casascius coins: http://spotcoins.com/casascius
justusranvier
Legendary
*
Offline Offline

Activity: 1400



View Profile WWW
March 26, 2015, 01:42:34 AM
 #22269

One of the stranger Satoshi theories: Satoshi == Nick Szabo == Wei Dai == John Nash.
What if one person used all four of those aliases, then decided to obscure the trail even further by passing one or more of the identities to a successor, DPR-style?
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
March 26, 2015, 01:44:29 AM
 #22270

just watched his youtube lecture at Scranton in 2011.  dang, he knows everything about money; including current events.  aand, he thinks about it like we do.
79b79aa8d5047da6d3XX
Full Member
***
Offline Offline

Activity: 185

◕_◕


View Profile
March 26, 2015, 02:00:07 AM
 #22271

The published piece to read would be: 'Ideal Money', John F. Nash, Jr.,  Southern Economic Journal, Vol. 69, No. 1 (Jul., 2002), pp. 4-11.

If someone can't get access and has a public repository where I can put a copy, I'd be glad to.

As for Nash being Satoshi ... very doubtful (the incomprehensible video starts with: "Bitcoin might not be it ... but gold or silver ..."). But he, like Hayek before him, has been talking about a nationless currency whose supply is outside of political control.
iCEBREAKER
Legendary
*
Offline Offline

Activity: 1666


Crypto is the separation of Power and State.


View Profile WWW
March 26, 2015, 02:12:25 AM
 #22272

i like Peter for the most part, but because his specialty is stirring the pot. 

Better version!

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 - Core GUI - 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


Warning Dash is a planned instamine, it wasn't an accident
smooth
Legendary
*
Offline Offline

Activity: 1414



View Profile
March 26, 2015, 02:21:43 AM
 #22273

what happened to yours and everyone elses FUD about the pools themselves organizing to do it? 
Looks like a bitcoin core developer is expressing that same FUD!
Heresy!

Quick! Shoot him down!

https://twitter.com/petertoddbtc/status/572517325250801664?lang=en
https://twitter.com/petertoddbtc/status/572519382108139520
https://twitter.com/petertoddbtc/status/572519758769213440


whoa!  i guess if Peter Todd said it, it must be true!

look, i like Peter for the most part, but his specialty is stirring the pot. 

Every one of his statements is true.

It isn't that the split of hash across pools is fake, it is that there is absolutely no way to know, and the incentive to lie is both there and has increased.

It's quite silly to pretend this isn't a concern. The security model of mining is based on any actor's share being small. Small doesn't mean <=50% or even <20%, its more like 2% or maybe 0.2%.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
March 26, 2015, 02:31:16 AM
 #22274

The published piece to read would be: 'Ideal Money', John F. Nash, Jr.,  Southern Economic Journal, Vol. 69, No. 1 (Jul., 2002), pp. 4-11.

If someone can't get access and has a public repository where I can put a copy, I'd be glad to.

As for Nash being Satoshi ... very doubtful (the incomprehensible video starts with: "Bitcoin might not be it ... but gold or silver ..."). But he, like Hayek before him, has been talking about a nationless currency whose supply is outside of political control.

i'd be interested.  look likes their a paywall...
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
March 26, 2015, 02:46:10 AM
 #22275

what happened to yours and everyone elses FUD about the pools themselves organizing to do it? 
Looks like a bitcoin core developer is expressing that same FUD!
Heresy!

Quick! Shoot him down!

https://twitter.com/petertoddbtc/status/572517325250801664?lang=en
https://twitter.com/petertoddbtc/status/572519382108139520
https://twitter.com/petertoddbtc/status/572519758769213440


whoa!  i guess if Peter Todd said it, it must be true!

look, i like Peter for the most part, but his specialty is stirring the pot. 

Every one of his statements is true.

It isn't that the split of hash across pools is fake, it is that there is absolutely no way to know, and the incentive to lie is both there and has increased.

It's quite silly to pretend this isn't a concern. The security model of mining is based on any actor's share being small. Small doesn't mean <=50% or even <20%, its more like 2% or maybe 0.2%.


you're certainly welcome to be concerned.  i'm not.  Nash's Equilibrium, whom we just happen to be talking about, looks to me to have distributed the hash rate nicely since the ghash incident according to the game theory.  and probably for the last time as the hash rate technological advances have plateaued.  this was expected as hardware is now becoming commoditized and comparably powered units can affordably get into the hands of smaller miners again.  they still have to associate with a pool, of course, but those pools are being diversified and spread quite obviously.

any attack by a gvt has also been discussed quite a bit.  there are thing that can be done by the network to block the source according to Gavin:
http://gavintech.blogspot.nl/2012/05/neutralizing-51-attack.html

If a 51% attacker stopped including all broadcast transactions in blocks "we" would quickly figure out a rule or rules to reject their blocks.

Something like "ignore a longer chain orphaning the current best chain if the sum(priorities of transactions included in new chain) is much less than sum(priorities of transactions in the part of the current best chain that would be orphaned)" would mean a 51% attacker would have to have both lots of hashing power AND lots of old, high-priority bitcoins to keep up a transaction-denial-of-service attack. And they'd pretty quickly run out of old, high-priority bitcoins and would be forced to either include other people's transactions or have their chain rejected.

I'm tempted to code that up and run some tests on a testnet-in-a-box, but there are much higher priority things on my TODO list; I don't think a 51% attack is likely. You'd spend a lot of time and money on an attack that "we" would neuter within a day or two.




there are lots of ppl monitoring the BC for just such an attack.  and for what?  double spend for a cup of coffee?  i don't think so.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
March 26, 2015, 02:50:09 AM
 #22276

The published piece to read would be: 'Ideal Money', John F. Nash, Jr.,  Southern Economic Journal, Vol. 69, No. 1 (Jul., 2002), pp. 4-11.

If someone can't get access and has a public repository where I can put a copy, I'd be glad to.

As for Nash being Satoshi ... very doubtful (the incomprehensible video starts with: "Bitcoin might not be it ... but gold or silver ..."). But he, like Hayek before him, has been talking about a nationless currency whose supply is outside of political control.

i'd not heard this one before today:  Satoshi Nakamoto = IAmNash sato koto

interesting...
tabnloz
Legendary
*
Offline Offline

Activity: 948


View Profile
March 26, 2015, 02:55:42 AM
 #22277

what happened to yours and everyone elses FUD about the pools themselves organizing to do it?  
Looks like a bitcoin core developer is expressing that same FUD!
Heresy!

Quick! Shoot him down!

https://twitter.com/petertoddbtc/status/572517325250801664?lang=en
https://twitter.com/petertoddbtc/status/572519382108139520
https://twitter.com/petertoddbtc/status/572519758769213440


whoa!  i guess if Peter Todd said it, it must be true!

look, i like Peter for the most part, but his specialty is stirring the pot.  
I didn't say that because he said it it must be true, I just show that it's not just a bunch of FUD by some bitcointalk trolls like you are trying to picture it.

i call you a troll b/c it's obvious to everyone around here that when you start a bunch of FUD threads that are meant to generate fear and selling, you lose credibility. like this one:  https://bitcointalk.org/index.php?topic=1001698.0  if you'll notice, i don't start threads.  i pretty much stay here b/c my goal is to generate and maintain quality, relatively academic Bitcoin discussion within this thread that has become known and has gained credibility.  i'm not into headlines, like you.  so yeah, if you enter here with that same FUD, i will call you out and expect something more from you.
Ok, so you think a thread on bitcointalk can influence the price of the BTC markets, and that is the reason I actually opened a thread. Not because I wanted to give my honest opinion about what I think is currently happening. Nah.
I opened similar threads when price was at $1000, $800, $570, $400 etc offering similar technical arguments. I guess those were FUD too.

I clearly see that in your thread you guys are not interested in reading any bearish/contrarian opinions without flagging it as FUD, bullshit and attacking the posters personally (even though they didn't do it in their posts expressing their opinions).
I never attacked anybody personally, just expressed an opinion.

You guys can carry on and jerk each other off while bitcoin unexpectedly dumps.

I remember Spiff talking about how he couldn't wait for the delusional bears to FUD and dump into his bids at $500-$390.
Because losing several billions of marketcap in one year is just the same as flash crashing for a few moments because of a $50k dump or whatever in 2010. Of course it would be the same.
Only fools think that "This Time is Different™".


Carry on good sir, I won't be posting in this thread from now on, don't worry.


Only fools think that this time is different.....like with automobiles, telephones, mobile phones, computers, the internet.

Ironic thing is, posters like WFTN are price trolls. They like to comment on how unthreatening & flawed bitcoin is (sarcastic 'this time its different'), but then go on to say it could be shutdown by governments.....presumably as its a disintermediating threat.

I would say all possibilities remain, but, like Cypher says, the longer it goes without happening, the more the industry expands, the more ingrained it becomes, the harder it will be to destroy intentionally. Theoretically a large company, govt could invest $50mn but how can you naked short it? Maybe Jim Cramer & the gang exposed by Deep Capture will get involved. They couldnt buy $50mn worth (except OTC) or they'd send it to the moon, and I think the US govt could be ruled out judging by their DPR auctions / Bitlicense proposals. A possibility would be Satoshi's stash, in the Dr Frankenstein trying to kill his own creation sense.

As for a financial company? The innovation of the blockchain (inseparable from bitcoin) is being increasingly acknowledged by all and sundry as a technological and financial breakthrough.  If it is anything like the internet revolution, we're talking multi trillion dollar economy. Just one company (AAPL) is poking through the $750bn mark.



sidhujag
Legendary
*
Offline Offline

Activity: 1456


View Profile
March 26, 2015, 02:59:18 AM
 #22278



One of the stranger Satoshi theories: Satoshi == Nick Szabo == Wei Dai == John Nash. I skimmed this one night: http://fuk.io/who-is-satoshi-nakamoto-the-truth/ . Seems a bit nuts, even by Bitcoin standards.

Not really.. he is really one of the few people who were capable of developing it and had incentive.. cryptographer, economist with knowledge of gov't workings, mathematician and hobby programmer (with help).. he goes out of his way to NOT mention bitcoin even when asked about it.. I suspect truth will come out when he passes.. although he looks to be in pretty good shape still. The name is obviously made up as noone exists by it, thus it is cryptically linked to the real identity.. perfect for a game theorist and cryptographer to play with people trying to find out. Satoshi === Nash

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

Activity: 1456


View Profile
March 26, 2015, 03:02:21 AM
 #22279

The published piece to read would be: 'Ideal Money', John F. Nash, Jr.,  Southern Economic Journal, Vol. 69, No. 1 (Jul., 2002), pp. 4-11.

If someone can't get access and has a public repository where I can put a copy, I'd be glad to.

As for Nash being Satoshi ... very doubtful (the incomprehensible video starts with: "Bitcoin might not be it ... but gold or silver ..."). But he, like Hayek before him, has been talking about a nationless currency whose supply is outside of political control.

i'd not heard this one before today:  Satoshi Nakamoto = IAmNash sato koto

interesting...

Yup.. and also Szabo is a word in Chinese spelled Nash backwards or something.

He talks about ideal currency and hints that USD with central bank inflation targetting is ideal but not really ideal...just good enough for now because there is no alternative and smart money is searching for the asymptotically ideal currency which offers a better more stable token based on non political control over supply... hello proof of work (owing debt) based on the efficiency of energy can't get a better source of a commodity that can't be manipulated. Unless you can create free energy, proof of work will always be worth atleast the amount of energy put into it (although it doesn't right now because of speculative pressures).

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

Activity: 1596



View Profile
March 26, 2015, 03:28:08 AM
 #22280

One of the stranger Satoshi theories: Satoshi == Nick Szabo == Wei Dai == John Nash.
What if one person used all four of those aliases, then decided to obscure the trail even further by passing one or more of the identities to a successor, DPR-style?

There's that quote from Szabo from the early '90s where he comments on how building rep for his various online identities takes a lot of work... Smiley

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
Best info on Casascius coins: http://spotcoins.com/casascius
Pages: « 1 ... 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 1156 1157 1158 1159 1160 1161 1162 1163 1164 ... 1559 »
  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!