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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 1902337 times)
smooth
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April 30, 2015, 03:33:53 PM
 #23301



Nice graphic. Inference of course being trillions, i.e. btc at about 1 million USD, which by the way is the number Wences Casares has used (he is also featured in that article).

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April 30, 2015, 03:38:41 PM
 #23302

when will people finally figure out that changing a guy on top of the power-structure doesn't bring about any meaningful change? We've tried and tried and still can't seem to vote in the "right people", yet so many people still cling to this idea of "if only we could vote in the right, honest and competent politicians all would be well". I'd really love to see the most benevolent and competent of all people put into positions of power, just to prove once and for all that it doesn't change anything. And they call my anarchist fantasies naive...hey those are at least something we haven't tried a gazillion times yet!

Well to be fair, a few people figured that out in the late 1700s. Even in a monarchy where the top supposedly can command anything, it is really the bureaucratic machine that determines everything. Even an economy in the late renaissance period was too large for any one king to actually understand and control. Today I don't think a president even has enough hours in a year to be briefed on all the various aspect of our economy, let alone have enough understanding to do anything meaningful. The top really only has time to implement and push through a few pet projects and almost always this expands government.

And in the US the top having very little actual control is suppose to be OK and by design. In a constitutional republic where power is balanced between the states and the federal gov, the federal level is quite limited by what it can do. So it doesn't matter that the top (i.e. the President) has little actual control, because decision making is distributed throughout the system, and largely pushed out to local governments. This worked really well for ~100 years.

But then the federal level took a tremendous amount of power over time, however the top still has very little actual control. This is what has created today's mess where the federal government is simply out of control. The bureaucratic machine has no check against it, the states can't stop it and the President can't stop it. Which is why we are quickly moving into a surveillance police state. It will all continue until the state runs out of money, which will only happen AFTER we have all been picked dry.
molecular
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April 30, 2015, 04:15:21 PM
 #23303




i like your drift. Bitcoin in the center aka nucleus.

The only material thing... like a stone dropped into some fluid or some charge in a field. The stuff around it? Just ripples.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
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April 30, 2015, 04:21:09 PM
 #23304




i like your drift. Bitcoin in the center aka nucleus.

The only material thing... like a stone dropped into some fluid or some charge in a field. The stuff around it? Just ripples.


....and those ripples, weaken in amplitude!
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April 30, 2015, 04:58:10 PM
 #23305

Just read the NYT article on Bitcoin & Argentina. Quite a large piece devoted to Wences' story and the timeline of him evangelising to Silicon Valley friends (paypal, linkedin, microsoft heads) during March 2013. Coinciding with the Cyprus event, that conference may have triggered his disciplies  into buying in and been responsible for the explosive upshot from $2-$36-$266

http://www.nytimes.com/2015/05/03/magazine/how-bitcoin-is-disrupting-argentinas-economy.html?_r=0

Interesting quote

“The power of friction-free transactions over the Internet will unleash the typical forces of consolidation and globalization, and we will end up with six digital currencies: US Dollar, euro, Yen, Pound, Renminbi and Bitcoin.” -- Charlie Songhurst, Microsoft’s head of corporate strategy

Anyone want to make an estimate of BTC value assuming it is widely used as a currency everywhere in the world except those five markets?





Really nice work Peter.
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April 30, 2015, 05:13:13 PM
 #23306

Gold just dipped 22% in a few minutes!  Shocked
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April 30, 2015, 05:21:26 PM
 #23307

and now both collapses haha

BurHan Alassad
Norther front commander for web security in Syrian Electronic ARMY.
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April 30, 2015, 05:26:31 PM
 #23308

Gold just dipped 22% in a few minutes!  Shocked

2.2% maybe?
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April 30, 2015, 06:28:37 PM
 #23309

oh my, more dumpage.
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April 30, 2015, 06:59:11 PM
 #23310

Dow accelerating to the downside.  Catching down to the Transports now.

-216
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April 30, 2015, 08:10:32 PM
 #23311

tomorrow's gonna be a big day:

Carlton Banks
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April 30, 2015, 08:17:05 PM
 #23312


If you own a computer with either AMD or Intel CPU's that include IOMMU instruction sets, then you actually already own hardware that can isolate it's components (although it's not designed for security specifically, it can be employed to do so).

But with comment like this: "Without a specific hardware marker (like a ‘secure mode’ light) on the device we need to find ways of proving to the user that they are using a trusted display."

I wouldn't take these people seriously. C'mon. That's the same quality of "proving to the user that they are using a trusted [ x ]" that Apple or WhatsApp would employ. It's like putting a holographic sticker on the case with the text: "Double, Super SecurifiedTM. Honest. No, really"

Vires in numeris
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April 30, 2015, 08:17:19 PM
 #23313

^^^looks like the market went into distribution mode back in December.
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April 30, 2015, 08:28:50 PM
 #23314





i like your drift. Bitcoin in the center aka nucleus.

Isn't the nucleus where apoptosis begins from?  Cheesy

Vires in numeris
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April 30, 2015, 08:33:10 PM
 #23315

Bitcoin lookin good:





MACD turning back up:



ask wall collapse:

Zangelbert Bingledack
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April 30, 2015, 08:36:28 PM
 #23316



Any idea what is accounting for this very steady transaction growth? Shopping? Dark markets? Gambling? Some kind of game?
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April 30, 2015, 08:40:26 PM
 #23317



Any idea what is accounting for this very steady transaction growth? Shopping? Dark markets? Gambling? Some kind of game?
A good read on the subject here:

http://www.ofnumbers.com/wp-content/uploads/2015/01/Slicing-data.pdf
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April 30, 2015, 08:51:28 PM
 #23318

Any idea what is accounting for this very steady transaction growth? Shopping? Dark markets? Gambling? Some kind of game?

Argentinafication?  Chavismo?  Maduronomics?  Obamanation?  That stupid boxing match that can't be over soon enough?  Only Chainalysis knows for sure!   Cheesy

Mijo is discovering he can use BTC to remit earnings back home to mama, without the pesky fees/delays/paperwork of Western Union.

In the Latin countries with historically shitty grabby unstable governments, the loop is tantalizingly close to being closed.

When the farmers begin to accept BTC, the rest of civilization will fall like dominoes.

"Got food?  Sorry, we don't take fiat.  Gold, Bitcoin, or GTFO."   Cool

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
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


"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
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April 30, 2015, 08:59:29 PM
 #23319

Any idea what is accounting for this very steady transaction growth? Shopping? Dark markets? Gambling? Some kind of game?

Argentinafication?  Chavismo?  Maduronomics?  Obamanation?  That stupid boxing match that can't be over soon enough?  Only Chainalysis knows for sure!   Cheesy

Mijo is discovering he can use BTC to remit earnings back home to mama, without the pesky fees/delays/paperwork of Western Union.

In the Latin countries with historically shitty grabby unstable governments, the loop is tantalizingly close to being closed.

When the farmers begin to accept BTC, the rest of civilization will fall like dominoes.

"Got food?  Sorry, we don't take fiat.  Gold, Bitcoin, or GTFO."   Cool

ROFL, i'm glad you're on my side! Cheesy
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April 30, 2015, 10:03:26 PM
 #23320





i like your drift. Bitcoin in the center aka nucleus.

Isn't the nucleus where apoptosis begins from?  Cheesy

no. apoptosis process begins in the mitochondria.

edit: nice image Peter!

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