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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?
1.  yes
2.  no

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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1804456 times)
iCEBREAKER
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Crypto is the separation of Power and State.


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April 30, 2015, 08:51:28 PM
 #23321

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
Fungibility provides privacy as a side effect.  Adam Back 2014
"Monero" : { Private - Auditable - 100% Fungible - Flexible Blocksize - Wild & Free® - Intro - Wallets - 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

"Hard forks cannot be co
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cypherdoc
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April 30, 2015, 08:59:29 PM
 #23322

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
bucktotal
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April 30, 2015, 10:03:26 PM
 #23323





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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April 30, 2015, 10:54:55 PM
 #23324

oh my, Bears.  bend over:

Chalkbot
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April 30, 2015, 11:21:32 PM
 #23325

oh my, Bears.  bend over:



I remember doodling on one like this before.... let me dig it up....




Edit:
I don't remember what happened next.
cypherdoc
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April 30, 2015, 11:23:39 PM
 #23326

oh my, Bears.  bend over:



I remember doodling on one like this before.... let me dig it up....




Edit:
I don't remember what happened next.

Haha, I think I remember that. Weren't you the master of a bunch of those?
cypherdoc
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May 01, 2015, 12:58:52 AM
 #23327

“The market is dead,” Jeffrey Rhodes, who has spent 27 years in Dubai’s gold industry and founded Rhodes Precious Metals Consultancy DMCC, said by telephone on April 21. “There’s no real demand here”...

 http://www.zerohedge.com/news/2015-04-30/saudis-russians-no-longer-buying-gold-dubai-oil-slump-curbs-precious-metals-shopping
cypherdoc
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May 01, 2015, 01:03:36 AM
 #23328

sounds to me like the avg Joe in this country is already ALL IN:

    A broad look at the 6.5 million customer accounts at TD Ameritrade indicates that retail investors are "pretty fully invested" in stocks, the online brokerage's CEO said Thursday.
    Fred Tomczyk cited several signs of this: margin loans at high levels, client cash at low levels and account holders at the firm logging in frequently. "It's usually a good indication that people are very engaged in the markets and watching their investments closely," he said on CNBC's " Squawk Box ."
    But Tomczyk acknowledged the potential pitfalls of these trendsand what they may portend for stocks. "I wouldn't be surprised if we have a correction here. We've had six [or] 6½ years of up markets here."


http://www.zerohedge.com/news/2015-04-30/no-more-greater-fools-retail-traders-are-pretty-fully-invested-stocks-td-ceo-says
iCEBREAKER
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May 01, 2015, 02:43:44 AM
 #23329

“The market is dead,” Jeffrey Rhodes, who has spent 27 years in Dubai’s gold industry and founded Rhodes Precious Metals Consultancy DMCC, said by telephone on April 21. “There’s no real demand here”...

 http://www.zerohedge.com/news/2015-04-30/saudis-russians-no-longer-buying-gold-dubai-oil-slump-curbs-precious-metals-shopping

Even the hardcore bugs think silver is going to $12/oz.  That probably means it will rally back to $50.

You don't hear about it much, but there's substantial consolidation (M&A) afoot in the mining sector.  EG from my portfolio:

New Gold picked up the last piece of their Rainy River project by absorbing Bayfield.

Hecla just basically stole a gargantuan deposit in Montana for a song and a peck on the cheek.  Revett shareholders are, of course, suing over the lack of lube...  Grin

This period of peak Bitcoin/gold/silver production can't last forever, though I may not be solvent by the end of it.

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 - Wallets - 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

"Hard forks cannot be co
cypherdoc
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May 01, 2015, 09:34:02 AM
 #23330

It's about time people are fighting back. These idiots need to be flat out embarrassed in  public over and over:

http://www.dailydot.com/politics/second-crypto-war-hearing-washington/
cypherdoc
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May 01, 2015, 09:43:31 AM
 #23331

SPV clients don't  normally carry the UTXO set around in their memory, correct?
thezerg
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May 01, 2015, 12:50:49 PM
 #23332

SPV clients don't  normally carry the UTXO set around in their memory, correct?

Right the "UTXO client" we've been talking about is a different animal with a stronger security model...
ssmc2
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May 01, 2015, 01:36:10 PM
 #23333

It's about time people are fighting back. These idiots need to be flat out embarrassed in  public over and over:

http://www.dailydot.com/politics/second-crypto-war-hearing-washington/

My fear is that in the end this is just theatrics and the 3 letter agencies will do as they please regardless.
jmw74
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May 01, 2015, 01:50:50 PM
 #23334

It's about time people are fighting back. These idiots need to be flat out embarrassed in  public over and over:

http://www.dailydot.com/politics/second-crypto-war-hearing-washington/

My fear is that in the end this is just theatrics and the 3 letter agencies will do as they please regardless.

You say this as if they don't already do as they please.
NewLiberty
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May 01, 2015, 02:53:02 PM
 #23335

It's about time people are fighting back. These idiots need to be flat out embarrassed in  public over and over:

http://www.dailydot.com/politics/second-crypto-war-hearing-washington/


"(Massachusetts District Attorney Daniel) Conley also said Apple and Google are 'protecting those who rape, assault, and kill' with their encryption policies."

Doesn't he realize how bad this argument is?
Traffic rules and copyright law also protects those who rape assault and kill...as well as everyone else.

FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
Bulk premiums as low as .0012 BTC "BETTER, MORE COLLECTIBLE, AND CHEAPER THAN SILVER EAGLES" 1Free of Government
Grafzep
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May 01, 2015, 03:00:57 PM
 #23336

Today's edition of The Economist has a short article  (p68) looking at the decline in the gold price.

"One reason may be that investors have so many options nowadays. Humble citizens who distrust their own currencies can buy assets ranging from shares to bitcoins."



Very encouraging to see bitcoin mentioned in the context of a global asset class in a magazine (sorry, newspaper) with this readership.
cypherdoc
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May 01, 2015, 03:11:30 PM
 #23337

SPV clients don't  normally carry the UTXO set around in their memory, correct?

Right the "UTXO client" we've been talking about is a different animal with a stronger security model...

Its a good idea.
cypherdoc
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May 01, 2015, 03:55:49 PM
 #23338

another example of outrageous volatility in the stock mkt that makes Bitcoin look trivial.  in fact, in the milliseconds in after hour earnings reporting, you have absolutely no chance to react to protect yourself.  and that's even if you have privileges to trade in after hours which most don't have.  how many examples of this have i shown over the years?  ans:  many:

cypherdoc
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May 01, 2015, 03:58:16 PM
 #23339

here's the daily chart.  look at all those frickin gaps.  at least with Bitcoin, there are no gaps:

ssmc2
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May 01, 2015, 04:21:11 PM
 #23340

https://www.reddit.com/r/Bitcoin/comments/34g0s1/apple_cofounder_steve_wozniak_joins_next_gen/cquezii

Heavy hitters indeed   Cool
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