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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1807628 times)
cypherdoc
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June 08, 2015, 09:18:18 PM
 #26121

https://epicenterbitcoin.com/podcast/082/
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June 08, 2015, 09:22:09 PM
 #26122

Monero folk will tell you we need more anonymity.  sure, i'd like more but i think Bitcoin gives enough.  unless one can attach a human identity to each address in a linear sequence you can never be sure you can tie the ends to each other of say a 5 address sequence.   you might infer it but you'd have to do some investigative work which police can do if suspicious.  that's enough anonymity for the ordinary user not doing anything wrong.

in short, Bitcoin should be able to provide everything for everyone.  that's my opinion at least.

that doesn't mean it won't happen though but is the reason for the extreme resistance to it's adoption from the economic majority who are currently invested in Bitcoin.

There you go. A rational individual (investor) with this set of beliefs would hedge. If you don't, there is something other than a rational decision making process going on. No refutation of this is possible. For the logic of hedging to be incorrect you would have to be 100% sure that Bitcoin is the Eternal One True and Only Coin, which you apparently are not (see above). If you had that unquestioning faith, fair enough, but since you don't, then not hedging is just a mistake.



to your mind.  that's your rationality.

i think it is such a remote possibility that i'd rather take the risk of not hedging and instead riding Bitcoin to new heights.  Monero is not even worth me studying at this point. and it's on par with other altcoins that i find equally as improbable therefore i have concluded that i will be willing to pay a premium in the far future if it seems to be gaining traction; which i don't.
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June 08, 2015, 09:27:27 PM
 #26123

Monero folk will tell you we need more anonymity.  sure, i'd like more but i think Bitcoin gives enough.  unless one can attach a human identity to each address in a linear sequence you can never be sure you can tie the ends to each other of say a 5 address sequence.   you might infer it but you'd have to do some investigative work which police can do if suspicious.  that's enough anonymity for the ordinary user not doing anything wrong.

in short, Bitcoin should be able to provide everything for everyone.  that's my opinion at least.

that doesn't mean it won't happen though but is the reason for the extreme resistance to it's adoption from the economic majority who are currently invested in Bitcoin.

There you go. A rational individual (investor) with this set of beliefs would hedge. If you don't, there is something other than a rational decision making process going on. No refutation of this is possible. For the logic of hedging to be incorrect you would have to be 100% sure that Bitcoin is the Eternal One True and Only Coin, which you apparently are not (see above). If you had that unquestioning faith, fair enough, but since you don't, then not hedging is just a mistake.



to your mind.  that's your rationality.

i think it is such a remote possibility that i'd rather take the risk of not hedging and instead riding Bitcoin to new heights.  Monero is not even worth me studying at this point. and it's on par with other altcoins that i find equally as improbable therefore i have concluded that i will be willing to pay a premium in the far future if it seems to be gaining traction; which i don't.

You're giving away your credibility.

...مكتوب
Escape the plutocrats’ zanpakutō, Flower in the Mirror, Moon on the Water: brave “the ascent which is rough and steep” (Plato).
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June 08, 2015, 09:31:30 PM
 #26124

Monero folk will tell you we need more anonymity.  sure, i'd like more but i think Bitcoin gives enough.  unless one can attach a human identity to each address in a linear sequence you can never be sure you can tie the ends to each other of say a 5 address sequence.   you might infer it but you'd have to do some investigative work which police can do if suspicious.  that's enough anonymity for the ordinary user not doing anything wrong.

in short, Bitcoin should be able to provide everything for everyone.  that's my opinion at least.

that doesn't mean it won't happen though but is the reason for the extreme resistance to it's adoption from the economic majority who are currently invested in Bitcoin.

There you go. A rational individual (investor) with this set of beliefs would hedge. If you don't, there is something other than a rational decision making process going on. No refutation of this is possible. For the logic of hedging to be incorrect you would have to be 100% sure that Bitcoin is the Eternal One True and Only Coin, which you apparently are not (see above). If you had that unquestioning faith, fair enough, but since you don't, then not hedging is just a mistake.



to your mind.  that's your rationality.

i think it is such a remote possibility that i'd rather take the risk of not hedging and instead riding Bitcoin to new heights.  Monero is not even worth me studying at this point. and it's on par with other altcoins that i find equally as improbable therefore i have concluded that i will be willing to pay a premium in the far future if it seems to be gaining traction; which i don't.

You're giving away your credibility.

i don't accept criticism from liars, esp ones who doxx me with intent to incite physical harm.
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June 08, 2015, 09:35:17 PM
 #26125

btw folks, i know exactly who vokain is and his full identity, where he went to school, how much of a monetary claim he has against HF but i have chosen not to reveal his identity out of respect for his privacy.   at least for now.  we are essentially on opposite sides of a lawsuit.
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June 08, 2015, 09:39:26 PM
 #26126

btw folks, i know exactly who vokain is and his full identity, where he went to school, how much of a monetary claim he has against HF but i have chosen not to reveal his identity out of respect for his privacy.   at least for now.  we are essentially on opposite sides of a lawsuit.

Yes, if anyone is interested they should instead use the linkedin link on his forum profile.

WTF???
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June 08, 2015, 09:40:50 PM
 #26127

Monero folk will tell you we need more anonymity.  sure, i'd like more but i think Bitcoin gives enough.  unless one can attach a human identity to each address in a linear sequence you can never be sure you can tie the ends to each other of say a 5 address sequence.   you might infer it but you'd have to do some investigative work which police can do if suspicious.  that's enough anonymity for the ordinary user not doing anything wrong.

in short, Bitcoin should be able to provide everything for everyone.  that's my opinion at least.

that doesn't mean it won't happen though but is the reason for the extreme resistance to it's adoption from the economic majority who are currently invested in Bitcoin.

There you go. A rational individual (investor) with this set of beliefs would hedge. If you don't, there is something other than a rational decision making process going on. No refutation of this is possible. For the logic of hedging to be incorrect you would have to be 100% sure that Bitcoin is the Eternal One True and Only Coin, which you apparently are not (see above). If you had that unquestioning faith, fair enough, but since you don't, then not hedging is just a mistake.



to your mind.  that's your rationality.

i think it is such a remote possibility that i'd rather take the risk of not hedging and instead riding Bitcoin to new heights.  Monero is not even worth me studying at this point. and it's on par with other altcoins that i find equally as improbable therefore i have concluded that i will be willing to pay a premium in the far future if it seems to be gaining traction; which i don't.

You're giving away your credibility.

i don't accept criticism from liars, esp ones who doxx me with intent to incite physical harm.

Why would I want harm upon anyone? Of what harm would you fear, and why?

"A monk in the jungle need not fear."

...مكتوب
Escape the plutocrats’ zanpakutō, Flower in the Mirror, Moon on the Water: brave “the ascent which is rough and steep” (Plato).
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June 08, 2015, 09:47:07 PM
 #26128

@Vocain: I don't agree that's it's a matter of credibility, rather than economic sketching of a pro-cumference that tends to outline the diversity needed for someone to "feel safe". IMHO, XMR/LTC/whatever should be on the list of any crypto-user among us (not necessarily containing all of them, but trying to incorporate some sort of pluralism). OTOH, this could be as well achieved by adding PM in your portfolio. But that's not our subject.

@Cypherdoc: Again, this conversation has no intention to alter any given opinion or thesis you have concerning alt-coins (or a specific one, in particular). I'm just trying to understand how one could support BTC as a viable solution, (or a panacea, if you prefer) without supporting another alternative that incorporates (for instance) some superior tech. FWIW, I agree that anonymity can be achieved -under certain circumstances- with BTC but, let me add, this is possible also by using almost any means of transaction. If one wants to be anonymous, he will do what's necessary to achieve so.

Last but not least, I personally have been messing with a couple of alts. My gnomon to mine and/or buy a stash of them was/is the same all these years. They must contain something the other alts (or even BTC) don't already have. A different algorithm, a unique characteristic, a devoted community instead of a fighting one... I hope you get my point. Wink

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June 08, 2015, 09:51:40 PM
 #26129

Monero folk will tell you we need more anonymity.  sure, i'd like more but i think Bitcoin gives enough.  unless one can attach a human identity to each address in a linear sequence you can never be sure you can tie the ends to each other of say a 5 address sequence.   you might infer it but you'd have to do some investigative work which police can do if suspicious.  that's enough anonymity for the ordinary user not doing anything wrong.

in short, Bitcoin should be able to provide everything for everyone.  that's my opinion at least.

that doesn't mean it won't happen though but is the reason for the extreme resistance to it's adoption from the economic majority who are currently invested in Bitcoin.

There you go. A rational individual (investor) with this set of beliefs would hedge. If you don't, there is something other than a rational decision making process going on. No refutation of this is possible. For the logic of hedging to be incorrect you would have to be 100% sure that Bitcoin is the Eternal One True and Only Coin, which you apparently are not (see above). If you had that unquestioning faith, fair enough, but since you don't, then not hedging is just a mistake.



to your mind.  that's your rationality.

i think it is such a remote possibility that i'd rather take the risk of not hedging and instead riding Bitcoin to new heights.  Monero is not even worth me studying at this point. and it's on par with other altcoins that i find equally as improbable therefore i have concluded that i will be willing to pay a premium in the far future if it seems to be gaining traction; which i don't.

You're giving away your credibility.

i don't accept criticism from liars, esp ones who doxx me with intent to incite physical harm.

Why would I want harm upon anyone? Of what harm would you fear, and why?

"A monk in the jungle need not fear."

denial is great, huh?  especially for someone who waxes philosophical and moral.  did you choose to ignore the comment TPTB_need_war made to me immediately after you doxxed me yesterday?  about coming up to my town and starting a physical fight?  

btw, i clicked on the LinkedIn profile smooth put up and WTF is this?  i thought you said this yesterday?:

Obviously, I'm not allowed to talk about the case. vokain shamelessly knows this so he can freely go off.

Actually I didn't until you said you were, but it's besides the point. I've removed myself from the case as far as I could for the most part, and it no longer matters to me. Thank you for the blessing.

but yet you advertise this is in your LinkedIn profile?  WTF:

Creditors' Committee Member
United States Bankruptcy Court
June 2014 – Present (1 year 1 month)San Francisco Bay Area
Representing the body of unsecured creditors that HashFast Technologies, LLC. owes in neglected contracts and witnessing Karma firsthand...
http://hashfast.org/

not to mention the multi 6 figure claim of yours.
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June 08, 2015, 09:53:39 PM
 #26130

Monero folk will tell you we need more anonymity.  sure, i'd like more but i think Bitcoin gives enough.  unless one can attach a human identity to each address in a linear sequence you can never be sure you can tie the ends to each other of say a 5 address sequence.   you might infer it but you'd have to do some investigative work which police can do if suspicious.  that's enough anonymity for the ordinary user not doing anything wrong.

in short, Bitcoin should be able to provide everything for everyone.  that's my opinion at least.

that doesn't mean it won't happen though but is the reason for the extreme resistance to it's adoption from the economic majority who are currently invested in Bitcoin.

There you go. A rational individual (investor) with this set of beliefs would hedge. If you don't, there is something other than a rational decision making process going on. No refutation of this is possible. For the logic of hedging to be incorrect you would have to be 100% sure that Bitcoin is the Eternal One True and Only Coin, which you apparently are not (see above). If you had that unquestioning faith, fair enough, but since you don't, then not hedging is just a mistake.



to your mind.  that's your rationality.

i think it is such a remote possibility that i'd rather take the risk of not hedging and instead riding Bitcoin to new heights.  Monero is not even worth me studying at this point. and it's on par with other altcoins that i find equally as improbable therefore i have concluded that i will be willing to pay a premium in the far future if it seems to be gaining traction; which i don't.

You're giving away your credibility.

i don't accept criticism from liars, esp ones who doxx me with intent to incite physical harm.

Why would I want harm upon anyone? Of what harm would you fear, and why?

"A monk in the jungle need not fear."

denial is great, huh?  especially someone who waxes philosophical and moral.  did you choose to ignore the comment TPTB_need_war made to me immediately after you doxxed me yesterday?  about coming up to my town and starting a physical fight?  

btw, i clicked on the LinkedIn profile smooth put up and WTF is this?  i thought you said this yesterday?:

Obviously, I'm not allowed to talk about the case. vokain shamelessly knows this so he can freely go off.

Actually I didn't until you said you were, but it's besides the point. I've removed myself from the case as far as I could for the most part, and it no longer matters to me. Thank you for the blessing.

but yet you advertise this is in your LinkedIn profile?  WTF:

Creditors' Committee Member
United States Bankruptcy Court
June 2014 – Present (1 year 1 month)San Francisco Bay Area
Representing the body of unsecured creditors that HashFast Technologies, LLC. owes in neglected contracts and witnessing Karma firsthand...
http://hashfast.org/

I have an exuberant proxy. No way that case is worth any more of my time.

...مكتوب
Escape the plutocrats’ zanpakutō, Flower in the Mirror, Moon on the Water: brave “the ascent which is rough and steep” (Plato).
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June 08, 2015, 10:00:39 PM
 #26131

Monero folk will tell you we need more anonymity.  sure, i'd like more but i think Bitcoin gives enough.  unless one can attach a human identity to each address in a linear sequence you can never be sure you can tie the ends to each other of say a 5 address sequence.   you might infer it but you'd have to do some investigative work which police can do if suspicious.  that's enough anonymity for the ordinary user not doing anything wrong.

in short, Bitcoin should be able to provide everything for everyone.  that's my opinion at least.

that doesn't mean it won't happen though but is the reason for the extreme resistance to it's adoption from the economic majority who are currently invested in Bitcoin.

There you go. A rational individual (investor) with this set of beliefs would hedge. If you don't, there is something other than a rational decision making process going on. No refutation of this is possible. For the logic of hedging to be incorrect you would have to be 100% sure that Bitcoin is the Eternal One True and Only Coin, which you apparently are not (see above). If you had that unquestioning faith, fair enough, but since you don't, then not hedging is just a mistake.



to your mind.  that's your rationality.

i think it is such a remote possibility that i'd rather take the risk of not hedging and instead riding Bitcoin to new heights.  Monero is not even worth me studying at this point. and it's on par with other altcoins that i find equally as improbable therefore i have concluded that i will be willing to pay a premium in the far future if it seems to be gaining traction; which i don't.

You're giving away your credibility.

i don't accept criticism from liars, esp ones who doxx me with intent to incite physical harm.

Why would I want harm upon anyone? Of what harm would you fear, and why?

"A monk in the jungle need not fear."

denial is great, huh?  especially someone who waxes philosophical and moral.  did you choose to ignore the comment TPTB_need_war made to me immediately after you doxxed me yesterday?  about coming up to my town and starting a physical fight?  

btw, i clicked on the LinkedIn profile smooth put up and WTF is this?  i thought you said this yesterday?:

Obviously, I'm not allowed to talk about the case. vokain shamelessly knows this so he can freely go off.

Actually I didn't until you said you were, but it's besides the point. I've removed myself from the case as far as I could for the most part, and it no longer matters to me. Thank you for the blessing.

but yet you advertise this is in your LinkedIn profile?  WTF:

Creditors' Committee Member
United States Bankruptcy Court
June 2014 – Present (1 year 1 month)San Francisco Bay Area
Representing the body of unsecured creditors that HashFast Technologies, LLC. owes in neglected contracts and witnessing Karma firsthand...
http://hashfast.org/

I have an exuberant proxy. No way that case is worth any more of my time.

what is that even supposed to mean?  and is that all your really have to say for yourself after what you did and what you're continuing to do as quoted above?
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June 08, 2015, 10:12:00 PM
 #26132

It means I don't like wasting my time with an inane bankruptcy case and I have a friend who incidentally does have a lot of heart for the case helping me out by proxying my seat.

I read TPTB_need_war's comment, and it sounded like an invitation for a literal spar in a ring. The observation that you're letting the comment hang over your head the way you are, is indicative of something...

...مكتوب
Escape the plutocrats’ zanpakutō, Flower in the Mirror, Moon on the Water: brave “the ascent which is rough and steep” (Plato).
cypherdoc
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June 08, 2015, 10:15:14 PM
 #26133

It means I don't like wasting my time with an inane bankruptcy case and I have a friend who incidentally does have a lot of heart for the case helping me out by proxying my seat.

I read TPTB_need_war's comment, and it sounded like an invitation for a literal spar in a ring. The observation that you're letting the comment hang over your head the way you are, is indicative of something...

you are incredibly self serving.  who here wants to be fully doxxed by another on an internet forum?  please chime in to support vokain on this matter and please provide your full identity as proof of your support.

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June 08, 2015, 10:16:51 PM
 #26134

It means I don't like wasting my time with an inane bankruptcy case and I have a friend who incidentally does have a lot of heart for the case helping me out by proxying my seat.

I read TPTB_need_war's comment, and it sounded like an invitation for a literal spar in a ring. The observation that you're letting the comment hang over your head the way you are, is indicative of something...

you are incredibly self serving.  who here wants to be fully doxxed by another?  please chime in to support vokain on this matter and please provide your full identity as proof of your support.



It's public information on this forum. You did it to yourself.

Thanks for explaining.

So, what is the difference to creditors between the liquidation trust they keep talking about (staying in chapter 11) vs. changing to chapter 7 and liquidating?  IOW, what value does this liquidation trust being advocated add to the creditors, when it sounds like all hard assets are gone?
The value of the estate is in the claims, like the one against Marc A Lowe. http://hashfast.org/Marc_A._Lowe
You have an idea of what will happen to those in the next years if you kept the chapter 11 and the current power balances, while you couldn't predict it if you decided to trust the people that would be imposed with the chapter 7.

...مكتوب
Escape the plutocrats’ zanpakutō, Flower in the Mirror, Moon on the Water: brave “the ascent which is rough and steep” (Plato).
cypherdoc
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June 08, 2015, 10:24:08 PM
 #26135

It means I don't like wasting my time with an inane bankruptcy case and I have a friend who incidentally does have a lot of heart for the case helping me out by proxying my seat.

I read TPTB_need_war's comment, and it sounded like an invitation for a literal spar in a ring. The observation that you're letting the comment hang over your head the way you are, is indicative of something...

you are incredibly self serving.  who here wants to be fully doxxed by another?  please chime in to support vokain on this matter and please provide your full identity as proof of your support.



It's public information on this forum. You did it to yourself.

Thanks for explaining.

So, what is the difference to creditors between the liquidation trust they keep talking about (staying in chapter 11) vs. changing to chapter 7 and liquidating?  IOW, what value does this liquidation trust being advocated add to the creditors, when it sounds like all hard assets are gone?
The value of the estate is in the claims, like the one against Marc A Lowe. http://hashfast.org/Marc_A._Lowe
You have an idea of what will happen to those in the next years if you kept the chapter 11 and the current power balances, while you couldn't predict it if you decided to trust the people that would be imposed with the chapter 7.

sure i did.  yet TPTB_need_war got the identity directly from you trying to incite conflict and harm:

Any time you'd like to test out that black belt against an autodidact boxer with vision in one eye, let's give it a whirl in the ring wif I am in town? May I come on over? For sport of course, but just take a look at Antonio Margarito's face after the Pacquio fight to note this sport has consequences.

still waiting for anyone willing to state they wouldn't mind being doxxed or have their privacy violated by someone like vokain and to prove it by providing us with your name and address.
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June 08, 2015, 10:24:56 PM
 #26136

kazuki, & the other Monero and 1MB pimps.

I think this makes us about even: you were a few months before me in shifting from silver to BTC, and I was a little bit before you in the transition from BTC to Monero.

:-) lol. transition from BTC to Monero. => commit suicide
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June 08, 2015, 10:29:02 PM
 #26137

It means I don't like wasting my time with an inane bankruptcy case and I have a friend who incidentally does have a lot of heart for the case helping me out by proxying my seat.

I read TPTB_need_war's comment, and it sounded like an invitation for a literal spar in a ring. The observation that you're letting the comment hang over your head the way you are, is indicative of something...

you are incredibly self serving.  who here wants to be fully doxxed by another?  please chime in to support vokain on this matter and please provide your full identity as proof of your support.



It's public information on this forum. You did it to yourself.

Thanks for explaining.

So, what is the difference to creditors between the liquidation trust they keep talking about (staying in chapter 11) vs. changing to chapter 7 and liquidating?  IOW, what value does this liquidation trust being advocated add to the creditors, when it sounds like all hard assets are gone?
The value of the estate is in the claims, like the one against Marc A Lowe. http://hashfast.org/Marc_A._Lowe
You have an idea of what will happen to those in the next years if you kept the chapter 11 and the current power balances, while you couldn't predict it if you decided to trust the people that would be imposed with the chapter 7.

sure i did.  yet TPTB_need_war got the identity directly from you trying to incite conflict and harm:

Any time you'd like to test out that black belt against an autodidact boxer with vision in one eye, let's give it a whirl in the ring wif I am in town? May I come on over? For sport of course, but just take a look at Antonio Margarito's face after the Pacquio fight to note this sport has consequences.

still waiting for anyone willing to state they wouldn't mind being doxxed or have their privacy violated by someone like vokain and to prove it by providing us with your name and address.

Well yeah, he asked, and I could answer and did. Figure I could save some time.

...مكتوب
Escape the plutocrats’ zanpakutō, Flower in the Mirror, Moon on the Water: brave “the ascent which is rough and steep” (Plato).
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June 08, 2015, 10:30:22 PM
 #26138

i find 21's two yr experience in mining very encouraging/exciting in anticipation of their ability to roll out relevant IOT asic chips, esp for smartphones.  that should drive things like batshit:

http://i.imgur.com/keXaz8c.png

21's mining use case shows that blocksize has no impact to miners at all.

The devices targeted for 21's mining rigs could not even handle 1MB blocks (let alone 20MB or 1GB), yet they can still mine. The reason is simple, miners using the stratum protocol only require <1kbps. It is the remote pool that needs to be manage full blocks. This remote pool can be anywhere, the miners themselves do not care about blocksize.

If 20MB blocks would hurt current miners, then 21's target devices wouldn't exist because they could not even handle 1MB blocks. But since miners only need to support stratum, blocksize has no impact.

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June 08, 2015, 10:36:35 PM
 #26139

It means I don't like wasting my time with an inane bankruptcy case and I have a friend who incidentally does have a lot of heart for the case helping me out by proxying my seat.

I read TPTB_need_war's comment, and it sounded like an invitation for a literal spar in a ring. The observation that you're letting the comment hang over your head the way you are, is indicative of something...

you are incredibly self serving.  who here wants to be fully doxxed by another?  please chime in to support vokain on this matter and please provide your full identity as proof of your support.



It's public information on this forum. You did it to yourself.

Thanks for explaining.

So, what is the difference to creditors between the liquidation trust they keep talking about (staying in chapter 11) vs. changing to chapter 7 and liquidating?  IOW, what value does this liquidation trust being advocated add to the creditors, when it sounds like all hard assets are gone?
The value of the estate is in the claims, like the one against Marc A Lowe. http://hashfast.org/Marc_A._Lowe
You have an idea of what will happen to those in the next years if you kept the chapter 11 and the current power balances, while you couldn't predict it if you decided to trust the people that would be imposed with the chapter 7.

sure i did.  yet TPTB_need_war got the identity directly from you trying to incite conflict and harm:

Any time you'd like to test out that black belt against an autodidact boxer with vision in one eye, let's give it a whirl in the ring wif I am in town? May I come on over? For sport of course, but just take a look at Antonio Margarito's face after the Pacquio fight to note this sport has consequences.

still waiting for anyone willing to state they wouldn't mind being doxxed or have their privacy violated by someone like vokain and to prove it by providing us with your name and address.

Well yeah, he asked, and I could answer and did.

thanks for giving all of us an idea into your sense of respect for other's privacy.

to clarify, he asked me, not you.  it was supposed to be my choice to give; you took that away from me.

i conclude you have a subconscious desire to inflict physical harm.  but that's ok, i can quite easily defend myself.
  
and please refrain from waxing philosophical around here anymore.  it's nauseating.
kazuki49
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June 08, 2015, 11:14:15 PM
 #26140

kazuki, & the other Monero and 1MB pimps.

I think this makes us about even: you were a few months before me in shifting from silver to BTC, and I was a little bit before you in the transition from BTC to Monero.

except i'm not making any transition to Monero.  oh well...

Is there any reasoning backing up your decision? I'd love to start such a discussion if you don't mind. Smiley

well, buried throughout all TPTB_need_war's bullshit is quite a bit of back and forth regarding Monero.  my problem with it is pretty much as rocks outlined.  it's an entirely new protocol.  that by itself is not necessarily the  problem but it is for network effects and confidence for a new form of money, imo.  for instance, Bitcoin is open source and supposed to be adaptable to changing conditions, especially those hostile, so we've been told.  if it fails to adapt to a threat like the 1MB choking of tx's then it cannot adapt and grow and will fail as a new form of money, imo.  that's b/c it is unacceptable for the current network of investors who have stored their coins in cold storage to be expected to dig them out and transfer them to a totally new money on a different protocol like Monero.  that would cause huge losses for us while huge gains for the early Monero adopters. great for them, horrible for us.  in that scenario, i consider cryptocurrencies to be a failure as i would conclude that they are all then a form of Ponzi scheme.  that doesn't mean it won't happen though but is the reason for the extreme resistance to it's adoption from the economic majority who are currently invested in Bitcoin.

and also for the constant pimping of Monero you see here in this thread.

wow your view is really limited, Bitcoin did not even invented cryptocurrencies, Satoshi did remarkable things but he did not created the universe, Bitcoin is merely 7 years old, it cannot take on gold for another 1000 years at least, and I doubt Bitcoin will be around another decade, its very simple matter of human psychology you are skipping, 99% of the world "missed" Bitcoin, and they are not fond of banking the early adopters forever (aka 1% top of the pyramid) when theres better crypto around that serves their own self-interests better, I don't disagree that Monero claims of anonymity are not perfect (yet) but its building a foundation to do so and accomplish far and beyond Bitcoin, also the permanent disinflationary emission will grab attention of a lot of folks that simply don't agree with how Bitcoin economy should work, you simply cannot force the entire world in one beast system and you won't, just saying for saying's sake btw so people like you don't go unwarned.
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