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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2022336 times)
sidhujag
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April 11, 2015, 07:39:12 AM
 #22681


Looks like, it is only question of time when somebody will steal your pKeys. There are endless possibilities how to do it. ... Can sidechains with multi layers of defense save our stored value?

edit:
http://www.ebay.com/bhp/micro-spy-camera
http://www.top10spysoftware.com/

But then similarly, it is only a question of time before someone transfers all your money out of your online checking account.  Which can also be frozen, the funds confiscated, their availability limited, or their value discombobulated by non-market forces.
Aslong as bank is solvent that is ok
huh? if someone moves your money out of your haxored bank account, good luck getting the bank to put it back.

also, i'd say that it is a good idea to distribute one's BTC across different, well-vetted storage solutions.
The bank must put back the money its codb for them.. Why else would we give them our money to feel cool?

Again unless its unsolvent..

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brg444
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Bitcoin replaces central, not commercial, banks


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April 11, 2015, 06:44:16 PM
 #22682

Blockstream recruiting more brainpower to work on sidechains. Impressive addition

https://plus.google.com/103188246877163594460/posts/WTrnyFsRmHv


"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
Dusty
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April 11, 2015, 08:10:08 PM
 #22683

Blockstream recruiting more brainpower to work on sidechains. Impressive addition

https://plus.google.com/103188246877163594460/posts/WTrnyFsRmHv
Wow, I listened to his talk about the idea to scale bitcoin and that guy seems to really get it.

Great addiction for the blockstream team!

Articoli bitcoin: Il portico dipinto
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April 11, 2015, 09:07:54 PM
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Blockstream recruiting more brainpower to work on sidechains. Impressive addition

https://plus.google.com/103188246877163594460/posts/WTrnyFsRmHv
Wow, I listened to his talk about the idea to scale bitcoin and that guy seems to really get it.

Great addiction for the blockstream team!

Do you have a link?

"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
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April 11, 2015, 09:26:51 PM
 #22685

Do you have a link?
Pettycoin: Losing Tiny Amounts of Bitcoin At Scale! [linux.conf.au 2014]
Pettycoin: Towards 1.0

Articoli bitcoin: Il portico dipinto
cypherdoc
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April 12, 2015, 02:20:21 PM
 #22686

British banking scandals have wiped out 60% of profits since 2011

http://uk.businessinsider.com/kpmg-british-banking-profit-report-and-scandal-costs-2015-4
manselr
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April 12, 2015, 04:26:31 PM
 #22687

Actually, gold is just gold. Its just been worshiped as the best proxy for exchanging things the longest.  But make no mistake, the idea of putting "faith" in gold is no different than putting "faith" in something like bitcoin.  It's an idea competing for followers.  Nothing more, nothing less.  How many people believe in it, embrace it, write books about it, develop industry and education around it and develop a full working economy around it is what takes it from an idea to global proxy of exchange.
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Let's talk governance, lipstick, and pigs.


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April 12, 2015, 04:34:18 PM
 #22688

Actually, gold is just gold. Its just been worshiped as the best proxy for exchanging things the longest.  But make no mistake, the idea of putting "faith" in gold is no different than putting "faith" in something like bitcoin.  It's an idea competing for followers.  Nothing more, nothing less.  How many people believe in it, embrace it, write books about it, develop industry and education around it and develop a full working economy around it is what takes it from an idea to global proxy of exchange.
Faith isn't the best word. You don't need faith to use them because you have faith In the science behind them and the experts that certify them.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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April 12, 2015, 04:46:12 PM
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Actually, gold is just gold. Its just been worshiped as the best proxy for exchanging things the longest.  But make no mistake, the idea of putting "faith" in gold is no different than putting "faith" in something like bitcoin.  It's an idea competing for followers.  Nothing more, nothing less.  How many people believe in it, embrace it, write books about it, develop industry and education around it and develop a full working economy around it is what takes it from an idea to global proxy of exchange.
Faith isn't the best word. You don't need faith to use them because you have faith In the science behind them and the experts that certify them.

We put faith not only into the math but also into the Game Theory.

But then Nash put math into the Game Theory.
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April 12, 2015, 05:00:08 PM
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Actually, gold is just gold. Its just been worshiped as the best proxy for exchanging things the longest.  But make no mistake, the idea of putting "faith" in gold is no different than putting "faith" in something like bitcoin.  It's an idea competing for followers.  Nothing more, nothing less.  How many people believe in it, embrace it, write books about it, develop industry and education around it and develop a full working economy around it is what takes it from an idea to global proxy of exchange.

I never saw gold and Bitcoin as being competitors.  At least when viewed from a personal perspective.  They complement one another.  They have some very key elements in common with one another (chiefly, and absence of counter-party risk) but in other ways they are fairly different.  Obviously Bitcoin is much newer and less well understood.  Evolutionary life-cycle forces make Bitcoin much more risky and volatile.  That is fine.  More than fine, actually, and there is certainly a place for such a thing in my portfolio.  I am delighted that such an item exists and exhibits the counter-party risk profile which is especially important to me.


sidhujag
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April 13, 2015, 04:41:00 AM
 #22691

Actually, gold is just gold. Its just been worshiped as the best proxy for exchanging things the longest.  But make no mistake, the idea of putting "faith" in gold is no different than putting "faith" in something like bitcoin.  It's an idea competing for followers.  Nothing more, nothing less.  How many people believe in it, embrace it, write books about it, develop industry and education around it and develop a full working economy around it is what takes it from an idea to global proxy of exchange.
Faith isn't the best word. You don't need faith to use them because you have faith In the science behind them and the experts that certify them.

We put faith not only into the math but also into the Game Theory.

But then Nash put math into the Game Theory.
Then he put the math into the consensus protocol named the blockchain

★☆★Syscoin - Decentralized Marketplace and Multisig Platform
Pay with Bitcoin, ZCash and many more
For more visit Syscoin.org  ★☆★
cypherdoc
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April 13, 2015, 10:58:12 AM
 #22692

Bitcoin burrowing deeper:

http://www.business-standard.com/article/companies/infosys-to-re-engineer-finacle-revamp-compensation-structure-115041300355_1.html
ssmc2
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April 13, 2015, 02:14:09 PM
 #22693

http://trendfollowingradio.com/ep-335-andreas-antonopoulos-harry-yeh-interview-with-michael-covel-on-trend-following-radio

This guy gets a lot of listeners. Great interview with Andreas A.
cypherdoc
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April 13, 2015, 03:21:47 PM
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Both of them did a great job.
cypherdoc
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April 13, 2015, 03:45:25 PM
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alot of us like to follow Uber to get an idea of how another disruptive tech that goes straight up against an entrenched incumbent is fairing.  apparently quite well.  that is good news:

http://www.bloomberg.com/news/articles/2015-04-07/uber-is-winning-over-americans-expense-accounts
zanzibar
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April 13, 2015, 04:13:29 PM
 #22696

alot of us like to follow Uber to get an idea of how another disruptive tech that goes straight up against an entrenched incumbent is fairing.  apparently quite well.  that is good news:

http://www.bloomberg.com/news/articles/2015-04-07/uber-is-winning-over-americans-expense-accounts

Now if they will start accepting bitcoin already....
cypherdoc
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April 13, 2015, 04:22:31 PM
 #22697

alot of us like to follow Uber to get an idea of how another disruptive tech that goes straight up against an entrenched incumbent is fairing.  apparently quite well.  that is good news:

http://www.bloomberg.com/news/articles/2015-04-07/uber-is-winning-over-americans-expense-accounts

Now if they will start accepting bitcoin already....

i think that is inevitable.
cypherdoc
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April 13, 2015, 04:45:26 PM
 #22698

Jon Stewart taught us that sometimes it takes a comedian to tell us the truth.  presenting Scott Rose:

https://www.youtube.com/watch?v=EzFOwFXlR48
zanzibar
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April 13, 2015, 04:53:19 PM
 #22699

I guess Bitcoin isn't the only platform for criminals  Smiley  http://techcrunch.com/2015/04/12/behind-paypals-foreign-assets-violations/
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April 13, 2015, 05:02:42 PM
 #22700

Sorry for machine gun posts, but thought this was worth a read: http://jlfmi.tumblr.com/post/116043045720/is-the-british-pound-the-next-currency-to
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