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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?
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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1804590 times)
Torque
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April 08, 2015, 01:39:48 PM
 #22601

Hmm, I wonder if Russia is still pissed about that whole "pulling-the-oil-market-support-rug" thing that the US did as retaliation for Ukraine? Lol

http://finance.yahoo.com/news/report-russia-hacked-white-house-213155901.html

How certain can  they be that it's indeed "the Ruskies"?

Pretty sure.  ICE started the oil scam going in 2009, artificially jacking up oil for years.  Then recently pulled the rug (I'm sure the US goberment had a hand in it) and now Russia is butthurt.  Lol.

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cypherdoc
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April 08, 2015, 02:01:02 PM
 #22602

Hmm, I wonder if Russia is still pissed about that whole "pulling-the-oil-market-support-rug" thing that the US did as retaliation for Ukraine? Lol

http://finance.yahoo.com/news/report-russia-hacked-white-house-213155901.html

How certain can  they be that it's indeed "the Ruskies"?

Pretty sure.  ICE started the oil scam going in 2009, artificially jacking up oil for years.  Then recently pulled the rug (I'm sure the US goberment had a hand in it) and now Russia is butthurt.  Lol.



No. I mean technically its pretty hard to tell the origin of these kinds of attacks. What makes this so easy?
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April 08, 2015, 02:02:15 PM
 #22603

Another thing, Satoshi Nakamoto never talked about "Sound Money" or "New Age Gold Buggery", never.
The only time he did mention why the 21 M supply limit was when he said it would create a "positive feedback loop" as an addition in his first posts.

He always intended bitcoin to be a payment system for e-commerce. The whitepaper has this written all over it and anything else too.
That clearly failed. Because today nobody spends bitcoin (aside from drug dealers, pretty much).

You are just putting your ideologies where they don't even belong.

So much BS from you.  Aren't you ashamed of being so obvious?  I'm just finishing up Satoshi's writings, the book by Paul Champagne. Of  course you've never read it but it mentions Bitcoins similarity to gold and gold  mining many times. It's a pervasive theme. He also mentions bitcoins fixed supply  and how you ought to pick some up as he predicted they might one day become quite valuable as a result.

Don't you realize how hypocritical you sound spending all your valuable time hanging out on a Bitcoin forum trolling? Do you not have any self respect?

Yeah, whatever.  You know nothing of Satoshi's work, he has prophesied and spake thus:
"He [inventor of LEOCoin, Dan Anderson] it is, who coming after me is preferred before me, whose shoe's latchet I am not worthy to unloose."

It's right there, in The White Paper!  Do you even read, bro?

sporket, you've busted a sproket.
Zangelbert Bingledack
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April 08, 2015, 02:25:56 PM
 #22604

i smile more and more each day knowing that a true understanding of what Bitcoin is and how it functions has now reached critical mass levels.  it's been a long, hard fought war but i think we're there.  we have much to be optimistic about looking forward:

https://www.reddit.com/r/Bitcoin/comments/31qdbc/please_show_me_arguments_in_favour_of_blockchain/

Wow, I'm really surprised how many people get it there!  Is it maybe just few but loud noises (media outlets, VC companies) that give the impression of "blockchain without bitcoin" being the current hype?  Or did sentiment change recently?

It's just because the subreddit has been bombarded with arguments debunking the misconception over the past few days. In thread after thread. The crowd there can be slow, but hit them hard enough in a short timespan and it starts to sink in.
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April 08, 2015, 02:41:40 PM
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i smile more and more each day knowing that a true understanding of what Bitcoin is and how it functions has now reached critical mass levels.  it's been a long, hard fought war but i think we're there.  we have much to be optimistic about looking forward:

https://www.reddit.com/r/Bitcoin/comments/31qdbc/please_show_me_arguments_in_favour_of_blockchain/

Wow, I'm really surprised how many people get it there!  Is it maybe just few but loud noises (media outlets, VC companies) that give the impression of "blockchain without bitcoin" being the current hype?  Or did sentiment change recently?

It's just because the subreddit has been bombarded with arguments debunking the misconception over the past few days. In thread after thread. The crowd there can be slow, but hit them hard enough in a short timespan and it starts to sink in.

It's been a good narrative for the media to crank up, this idea that "Bitcoin-the-blockchain" has merit, but "Bitcoin-the-currency" they are still unsure.  Notice that this is a slow turnaround from the "Bitcoin-sucks-and-you-should-avoid-it-completely" narrative that they have been spewing for the last year, and this new narrative gives them a clean out from that negative view.

Notice too that they start timing this new narrative exactly when the Bitcoin market bottoms out, and is now on a slight uptrend.

So why would they do this?  So that the media can begin mentioning Bitcoin a thousand times online, with a lukewarm but slightly positive spin.  As bitcoin gains traction again, this narrative will get increasingly more positive.  The internet has a historical component that the media manipulates, so that when they switch back to the narrative "Could Bitcoin the currency be the next big thing?" again, it will seem to those searching online that the media has been talking about the positives of bitcoin for a whole year.  And the sheep will of course follow this blindly.

They do this with the stock market as well, to great effect.

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April 08, 2015, 03:30:23 PM
 #22606

damn, i just missed setting the other half of my gold short @1224 by a few minutes the other day.  oh well.
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April 08, 2015, 03:33:20 PM
 #22607

i smile more and more each day knowing that a true understanding of what Bitcoin is and how it functions has now reached critical mass levels.  it's been a long, hard fought war but i think we're there.  we have much to be optimistic about looking forward:

https://www.reddit.com/r/Bitcoin/comments/31qdbc/please_show_me_arguments_in_favour_of_blockchain/

Wow, I'm really surprised how many people get it there!  Is it maybe just few but loud noises (media outlets, VC companies) that give the impression of "blockchain without bitcoin" being the current hype?  Or did sentiment change recently?

It's just because the subreddit has been bombarded with arguments debunking the misconception over the past few days. In thread after thread. The crowd there can be slow, but hit them hard enough in a short timespan and it starts to sink in.

now that the concept of the Bitcoin unit being inextricably linked to the blockchain is finally being better understood, the next logical extension of that concept is that sidechains make no sense.  for all of the reasons i, and Adrian, have been arguing for months on end late last year.
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April 08, 2015, 03:35:13 PM
 #22608

now that the concept of the Bitcoin unit being inextricably linked to the blockchain is finally being better understood, the next logical extension of that concept is that sidechains make no sense.  for all of the reasons i, and Adrian, have been arguing for months on end late last year.
what do you think about payment channels (e.g. lightning.network) as a way to scale up in terms of txs throughput?

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
thezerg
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April 08, 2015, 03:35:46 PM
 #22609

People claim fiat currency advantage since you can reverse fraudulent transactions.  That may be true for a short period of time but let's not let the financial industry fool people into thinking that their transactions are actually entirely reversible:

http://www.france24.com/en/20150408-1-billion-disappears-moldova-looks-answers/?aef_campaign_date=2015-04-08&aef_campaign_ref=partage_aef&dlvrit=66745&ns_campaign=reseaux_sociaux&ns_linkname=editorial&ns_mchannel=social&ns_source=twitter

An entire country and its central bank can't get these txns reversed!

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April 08, 2015, 03:36:08 PM
 #22610

heads up, stocks looking to break to the downside.
cypherdoc
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April 08, 2015, 03:45:45 PM
 #22611

now that the concept of the Bitcoin unit being inextricably linked to the blockchain is finally being better understood, the next logical extension of that concept is that sidechains make no sense.  for all of the reasons i, and Adrian, have been arguing for months on end late last year.
what do you think about payment channels (e.g. lightning.network) as a way to scale up in terms of txs throughput?

i half listened to the first lecture video on the concept a couple of weeks ago while in the car.  but nothing else since.  it seems interesting but i do remember that it will require a soft fork.  getting all the core devs onboard for a change like that will be tough. 

much of what i do in this thread is not necessarily make judgments on which tech is good or bad for Bitcoin but what the chances are that a certain tech will actually get adopted given all the political and economic circumstances surrounding Bitcoin and the general economy.  sidechains is an exception, i see them as a real "threat" to Bitcoin which could derail the whole system due to unforeseen economic assumptions. 
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April 08, 2015, 04:42:03 PM
 #22612


Cypher, just curious if you've seen this and what your thoughts are...

http://prestonbyrne.com/2015/04/08/blockchain-without-bitcoin-is-now-a-thing/
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April 08, 2015, 05:18:14 PM
 #22613


Cypher, just curious if you've seen this and what your thoughts are...

http://prestonbyrne.com/2015/04/08/blockchain-without-bitcoin-is-now-a-thing/


I cringe everytime I see that guy's name mentioned. Nothing like building your brand name around a fallacy.

Bro, do you even blockchain?
-E Voorhees
cypherdoc
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April 08, 2015, 05:21:08 PM
 #22614


Cypher, just curious if you've seen this and what your thoughts are...

http://prestonbyrne.com/2015/04/08/blockchain-without-bitcoin-is-now-a-thing/


I cringe everytime I see that guy's name mentioned. Nothing like building your brand name around a fallacy.

exactly
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April 08, 2015, 05:34:00 PM
 #22615


Cypher, just curious if you've seen this and what your thoughts are...

http://prestonbyrne.com/2015/04/08/blockchain-without-bitcoin-is-now-a-thing/


I cringe everytime I see that guy's name mentioned. Nothing like building your brand name around a fallacy.

exactly

nuff said  Grin
cypherdoc
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April 08, 2015, 06:08:10 PM
 #22616

looks like someone doesn't like what they read in the FOMC minutes.  not that it mattered anyways as it was already in the cards.  all news is bad news.
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April 08, 2015, 06:11:42 PM
 #22617

Dudely Admits Fed Actions Dictated By "Market Reaction"- Live Feed

yes, he is a dude, and yes, they do manipulate the Dow:

http://www.zerohedge.com/news/2015-04-08/feds-bill-dudley-ignore-march-jobs-its-weather-live-feed
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April 08, 2015, 06:26:10 PM
 #22618

Dudely Admits Fed Actions Dictated By "Market Reaction"- Live Feed

yes, he is a dude, and yes, they do manipulate the Dow:

http://www.zerohedge.com/news/2015-04-08/feds-bill-dudley-ignore-march-jobs-its-weather-live-feed

Lol, anyone who thinks the stock market cant be manipulated is a bit naive.

Theres a huge documentary on when the first energy futures were being created, and the prices were set by one provider for oil&energy. That $4billion Enrom failure is something you can watch on netflix.

Its a huge insight on how one can take a expensive education on someones else loss.


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April 08, 2015, 06:46:44 PM
 #22619

listen to this bullshit Karen Gifford of Ripple Labs spews forth to the Calif Assembly @14:00.
Chris Larson also says he doesn't believe we need a new currency:

https://clyp.it/zdpzphmd

Ripple is the enemy.
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April 08, 2015, 07:16:03 PM
 #22620

this is great.  you gotta listen to this.  smart ppl are going to rule the world:

Engineers vs. Thugs: the Power of Bitcoin, Cryptography & Tech

https://www.youtube.com/watch?v=KybZAEm0stY&feature=youtu.be
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