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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 1803404 times)
rocks
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April 23, 2015, 05:35:40 AM
 #23021

wow, i don't think i've ever seen such ignorance so well articulated:

http://www.americanbanker.com/video/can-bitcoins-technology-be-severed-from-the-currency-1073927-1.html

sheez, why does this guy even feel qualified to comment in such detail about the technology? does he know about the code, complex systems behaviour, distributed networks? seems like he's got an unarticulated "political" problem with decentralisation (which in itself is a huge red flag since it is a apolitical technical feature) and if he has better ideas like he believes with his "centralised blockchain" he could submit them to github or pay someone to write some code that has his architectural brilliance embedded.

these guys are still in denial. the game's moved on old chaps. sometimes the clever thing to do when outgunned is stfu before looking stupid.

To emphasize how ignorant these people are, a "centralized blockchain" is simply a chained data structure. It is not new or novel. A centralized blockchain is simply a digital API for money. It is the same as if the FED published an open API spec that enabled transferring money between accounts. Yes that would be new for a central bank, but it would not be new from a technology perspective.

What was novel about bitcoin was the "distributed security mechanism". Bitcoin was the very first to create this and there was nothing even remotely like it at the time. This is the reason bitcoin has taken off as it has. It is very simply a fundamentally new construct for humanity that we have never had access to before. Every single person who claims "blockchain not bitcoin" or "centralized blockchain", at a very fundamental level does not understand what Bitcoin is.
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April 23, 2015, 12:47:15 PM
 #23022

wow, i don't think i've ever seen such ignorance so well articulated:

http://www.americanbanker.com/video/can-bitcoins-technology-be-severed-from-the-currency-1073927-1.html

sheez, why does this guy even feel qualified to comment in such detail about the technology? does he know about the code, complex systems behaviour, distributed networks? seems like he's got an unarticulated "political" problem with decentralisation (which in itself is a huge red flag since it is a apolitical technical feature) and if he has better ideas like he believes with his "centralised blockchain" he could submit them to github or pay someone to write some code that has his architectural brilliance embedded.

these guys are still in denial. the game's moved on old chaps. sometimes the clever thing to do when outgunned is stfu before looking stupid.

To emphasize how ignorant these people are, a "centralized blockchain" is simply a chained data structure. It is not new or novel. A centralized blockchain is simply a digital API for money. It is the same as if the FED published an open API spec that enabled transferring money between accounts. Yes that would be new for a central bank, but it would not be new from a technology perspective.

What was novel about bitcoin was the "distributed security mechanism". Bitcoin was the very first to create this and there was nothing even remotely like it at the time. This is the reason bitcoin has taken off as it has. It is very simply a fundamentally new construct for humanity that we have never had access to before. Every single person who claims "blockchain not bitcoin" or "centralized blockchain", at a very fundamental level does not understand what Bitcoin is.

This is the perfect explanation of what "retarded" is. He is simply stuck in 20th century centralism.

Always wrong until not.
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April 23, 2015, 01:23:15 PM
 #23023

Generational warfare:

https://www.newsmax.com/Newsfront/edward-snowden-nsa-surveillance-aclu/2015/04/22/id/639957/

http://fusion.net/story/118401/meet-the-lawyer-taking-on-uber-and-the-on-demand-economy/

Boomers are generally anti- anything which threatens their monthly pension and Social Security checks.

That means they need to be pro-surveillance and anti-Bitcoin, at least they will be anti-Bitcoin as soon as they realize the extent to which Bitcoin and encryption allow for unprecedented payroll tax evasion and the extent to which Millennial are willing to use those technologies to evade payroll taxes.

Politicians will cater to the NSA, because (besides the fact that the NSA has a huge collection of blackmail material) the older cohorts are pro-NSA and most likely to vote.

It's going to turn into open warfare, with the older team using legislation and lawsuits and the younger team using ever-improving technology.
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April 23, 2015, 02:04:00 PM
 #23024

Generational warfare:


Did your parents mistreat you? If so I can see why you have such a simplistic attitude.
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April 23, 2015, 02:38:41 PM
 #23025

Time to head to Spain:

http://www.coindesk.com/spanish-bitcoin-community-celebrate-bitcoins-vat-exemption/
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April 23, 2015, 02:42:03 PM
 #23026

How The Second Tech Bubble Will Burst, In The Words Of Silicon Valley's "Poster Child" And World's Youngest Billionaire:

Quote
Total internet advertising spend cannot justify outsized valuations of social media products that derive revenue from advertising. Feed-based advertising units will plummet in value (in the case of Twitter, advertising spend may not move beyond experimental dollars) similar to earlier devaluing of Internet display advertising.

Quote
Fed has created abnormal market conditions by printing money and keeping interest rates low. Investors are looking for growth anywhere they can find it and tech companies are good targets - at these values, however, all tech stocks are expensive - even looking at 5+ years of revenue growth down the road. This means that most value-driven investors have left the market and the remaining 5-10%+ increase in market value will be driven by momentum investors. At some point there won't be any momentum investors left buying at higher prices, and the market begins to tumble. May be 10-20% correction or something more significant, especially in tech stocks.

http://www.zerohedge.com/news/2015-04-23/how-tech-bubble-will-burst-words-silicon-valleys-poster-child-and-worlds-youngest-bi


bring it on! Smiley
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April 23, 2015, 03:14:42 PM
 #23027

Cypherdoc, seeing as you were so much against 3 core developers working under the same hood at Blockstream do you have any comments about Gavin & co. setting up shop in NSA's antechamber working under a previous White House senior advisor?

"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 23, 2015, 03:15:19 PM
 #23028

Quote
Total internet advertising spend cannot justify outsized valuations of social media products that derive revenue from advertising.

We actually can't be certain about that statement until we know what percent of the money that pays for internet advertising originated in the intelligence agency budgets.
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April 23, 2015, 03:39:34 PM
 #23029

Cypherdoc, seeing as you were so much against 3 core developers working under the same hood at Blockstream do you have any comments about Gavin & co. setting up shop in NSA's antechamber working under a previous White House senior advisor?

i see it as a different situation.

Blockstream is a for-profit started by gmax himself in which they have equity shares which stand to appreciate enormously if SC's are successful and have specifically solicited numerous deep pocketed investors, many of whom have been anti-Bitcoin historically.  not only that, i specifically have admitted to having suspicions about gmax and Luke Jr's political views and shown examples of how they have mishandled community issues in the past.  plus, i don't like the entire concept of SC's in general as i don't believe moving BTC to a scBTC is a good economic idea for several reasons especially in regards to disrupting an equilibrium balanced mining industry.

as far as Gavin, Wlad, & Cory are concerned, they all were under the BF's roof all along before.  they have just moved over to MIT now which in theory is not a for profit afaik and doesn't exist for political reasons.  i'm only now getting a sense from some of you about concerns regarding MIT's past behaviors.  all i know about Aaron Swartz is that they didn't support him in his gvt struggles, is that right?  i think he was attacking/releasing some of their paywall informational archives, wasn't he?  if that's the case, then it seems understandable that their would be some tension btwn them.

i read Joi Ito's statement on the Media Labs intention and so far we should give him the benefit of the doubt.  of course, time will tell.  i did read that article this morning about Forde.  he's definitely someone worth keeping an eye on.  i would not like it if he ends up trying to steer core dev direction to a significant degree away from our ideal goals that we've espoused ad nauseum here in this thread.  one thing that did occur to me is that Gavin, et al won't be moving to MIT under the direct roof of the Media Lab, i'm sure.  they will continue to work remotely which helps shield them to a degree.  but yeah, accepting pay can be influential for sure.  somehow though, from what i've seen of MIT's overall contributions to tech, they seem to have libertarian leanings supportive of the Bitcoin culture and open source.  and the fact that it is a research institution is comforting.  do you have any evidence that it is an NSA "antechamber"?

tl;dr:  i don't see it as a problem right now; in fact, i see it as a positive that those 3 are going to continue to be paid.  but yeah, we have to keep an eye out.
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April 23, 2015, 03:52:45 PM
 #23030

Quote
Total internet advertising spend cannot justify outsized valuations of social media products that derive revenue from advertising.

We actually can't be certain about that statement until we know what percent of the money that pays for internet advertising originated in the intelligence agency budgets.

Yes good point, when I take off my tinfoil hat and my rose coloured glasses. It looks like the secret owners of the old media giants are now renting a more effective tool, and paying for it with printed money.

We can own this tool and need to use it more effectively

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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April 23, 2015, 05:08:37 PM
 #23031

"One division at Deutsche Bank had a culture of generating profits without proper regard to the integrity of the market. This wasn't limited to a few individuals but, on certain desks, it appeared deeply ingrained."

"Deutsche Bank's failings were compounded by them repeatedly misleading us. The bank took far too long to produce vital documents and it moved far too slowly to fix relevant systems and controls," she said.

The FCA said that in one instance, Deutsche in error destroyed 482 tapes of telephone calls that should have been kept. "Deutsche Bank also provided inaccurate information to the regulator about whether other records existed," the FCA said.

The misconduct involved at least 29 Deutsche Bank individuals, including managers and traders, mainly based in London but also in Frankfurt, Tokyo and New York. It took place between 2005 and 2009."

http://www.bbc.com/news/business-32430710
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April 23, 2015, 05:46:42 PM
 #23032


as far as Gavin, Wlad, & Cory are concerned, they all were under the BF's roof all along before.  they have just moved over to MIT now which in theory is not a for profit afaik and doesn't exist for political reasons.  i'm only now getting a sense from some of you about concerns regarding MIT's past behaviors.  all i know about Aaron Swartz is that they didn't support him in his gvt struggles, is that right?  i think he was attacking/releasing some of their paywall informational archives, wasn't he?  if that's the case, then it seems understandable that their would be some tension btwn them.

i read Joi Ito's statement on the Media Labs intention and so far we should give him the benefit of the doubt.  of course, time will tell.  i did read that article this morning about Forde.  he's definitely someone worth keeping an eye on.  i would not like it if he ends up trying to steer core dev direction to a significant degree away from our ideal goals that we've espoused ad nauseum here in this thread.  one thing that did occur to me is that Gavin, et al won't be moving to MIT under the direct roof of the Media Lab, i'm sure.  they will continue to work remotely which helps shield them to a degree.  but yeah, accepting pay can be influential for sure.  somehow though, from what i've seen of MIT's overall contributions to tech, they seem to have libertarian leanings supportive of the Bitcoin culture and open source.  and the fact that it is a research institution is comforting.  do you have any evidence that it is an NSA "antechamber"?

tl;dr:  i don't see it as a problem right now; in fact, i see it as a positive that those 3 are going to continue to be paid.  but yeah, we have to keep an eye out.

About Aaron Swartz see here. :
https://www.youtube.com/watch?v=vXr-2hwTk58

tl;dr not only did they not support him, they supported the gvt with evidences and complicity in the prosecution of a victimless crime.

MIT may not "exist" for political reasons but like most every institutions in the united states are now rotten with government agents and politically captured by potato science "research" funding.

http://www.boston.com/news/local/massachusetts/articles/2010/08/08/leak_case_spotlights_an_mit_divide/

I mean, what else could have caused this much damage to a once great institution https://www.youtube.com/watch?v=8ve23i5K334

"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 23, 2015, 05:59:06 PM
 #23033


as far as Gavin, Wlad, & Cory are concerned, they all were under the BF's roof all along before.  they have just moved over to MIT now which in theory is not a for profit afaik and doesn't exist for political reasons.  i'm only now getting a sense from some of you about concerns regarding MIT's past behaviors.  all i know about Aaron Swartz is that they didn't support him in his gvt struggles, is that right?  i think he was attacking/releasing some of their paywall informational archives, wasn't he?  if that's the case, then it seems understandable that their would be some tension btwn them.

i read Joi Ito's statement on the Media Labs intention and so far we should give him the benefit of the doubt.  of course, time will tell.  i did read that article this morning about Forde.  he's definitely someone worth keeping an eye on.  i would not like it if he ends up trying to steer core dev direction to a significant degree away from our ideal goals that we've espoused ad nauseum here in this thread.  one thing that did occur to me is that Gavin, et al won't be moving to MIT under the direct roof of the Media Lab, i'm sure.  they will continue to work remotely which helps shield them to a degree.  but yeah, accepting pay can be influential for sure.  somehow though, from what i've seen of MIT's overall contributions to tech, they seem to have libertarian leanings supportive of the Bitcoin culture and open source.  and the fact that it is a research institution is comforting.  do you have any evidence that it is an NSA "antechamber"?

tl;dr:  i don't see it as a problem right now; in fact, i see it as a positive that those 3 are going to continue to be paid.  but yeah, we have to keep an eye out.

About Aaron Swartz see here. :
https://www.youtube.com/watch?v=vXr-2hwTk58

i've watched that whole video.  so very sad.
Quote

tl;dr not only did they not support him, they supported the gvt with evidences and complicity in the prosecution of a victimless crime.

MIT may not "exist" for political reasons but like most every institutions in the united states are now rotten with government agents and politically captured by potato science "research" funding.

http://www.boston.com/news/local/massachusetts/articles/2010/08/08/leak_case_spotlights_an_mit_divide/

if you read the entire article you'll see that the institutions stance on issues of freedom are diverse; Daniel Ellsberg, Noam Chomsky, Bradley Manning supporters, Matthew Green of Zerocash, the MIT Bitcoin Club and Bitcoin Drop, Theodore Postol all came from MIT.
Quote

I mean, what else could have caused this much damage to a once great institution https://www.youtube.com/watch?v=8ve23i5K334

bad link
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April 23, 2015, 06:01:21 PM
 #23034

bad link

working fine for me.

edit : another one

https://www.youtube.com/watch?v=aIhk9eKOLzQ

"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 23, 2015, 06:08:07 PM
 #23035


what does that video really have to do with MIT students?
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April 23, 2015, 06:09:36 PM
 #23036


what does that video really have to do with MIT students?

Can you read?

Quote
MIT graduates cannot power a light bulb with a battery.

"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 23, 2015, 06:10:42 PM
 #23037


what does that video really have to do with MIT students?

Can you read?

Quote
MIT graduates cannot power a light bulb with a battery.

can you process?  do you really think that headline is reflective or some indictment on MIT education?
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April 23, 2015, 06:11:29 PM
 #23038


what does that video really have to do with MIT students?

Can you read?

Quote
MIT graduates cannot power a light bulb with a battery.

can you process?  do you really think that headline is reflective or some indictment on MIT education?


"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 23, 2015, 06:16:09 PM
 #23039


what does that video really have to do with MIT students?

Can you read?

Quote
MIT graduates cannot power a light bulb with a battery.

can you process?  do you really think that headline is reflective or some indictment on MIT education?



my point is, that's a stupid video.  so what if they dumbfounded a few MIT students about how to power a light bulb.  we don't even know if they ARE MIT students.  and if they are, they probably cherry picked those who couldn't to try and make a predetermined point.  one wonders how many students they had to edit out who could light the bulb.  iow, i wouldn't throw the whole institution under the bus just b/c of this video.
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April 23, 2015, 06:28:53 PM
 #23040


what does that video really have to do with MIT students?

Can you read?

Quote
MIT graduates cannot power a light bulb with a battery.

can you process?  do you really think that headline is reflective or some indictment on MIT education?



my point is, that's a stupid video.  so what if they dumbfounded a few MIT students about how to power a light bulb.  we don't even know if they ARE MIT students.  and if they are, they probably cherry picked those who couldn't to try and make a predetermined point.  one wonders how many students they had to edit out who could light the bulb.  iow, i wouldn't throw the whole institution under the bus just b/c of this video.

it is strange to me you understand the truth of sound money yet do not grok the reality I apparently have to lead you to. it's like you only have one eye open.

these guys are slowly trying to co-opt Bitcoin to the government and its establishments and you can't see it

just look at the list of the Media Lab "sponsors" : https://www.media.mit.edu/sponsorship/sponsor-list

Quote
Brian Forde, former White House senior advisor for mobile and data innovation, has joined the MIT Media Lab as director of digital currency.

https://newsoffice.mit.edu/2015/brian-forde-media-lab-director-digital-currency-0415

Get a grip.

I'm not saying this will kill Bitcoin but this is certainly no less "bad" than what the folks are Blockstream are privately funding, whether they are for profit or not is irrelevant really.

"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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