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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1933070 times)
kazuki49
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June 12, 2015, 11:06:30 AM
 #26361

Casares is openly skeptical about the ongoing – and increasingly popular – blockchain tech trend, which has seen many mainstream financial institutions and prominent figures hail the distributed ledger's disruptive potential while undermining bitcoin as a digital currency.

"I think that most people who say that do not understand what they're talking about," said Casares, adding "I think that they are trying to be politically correct."

Back in the day, he explained, executives or business people were reluctant to go on-record to comment on the Internet's promise, in fear of any public backlash if it failed to succeed.

Traditional finance organisations, said Casares, do not want to say anything positive about bitcoin. Instead, they insist on using a very convoluted argument that praises blockchain tech, but dismisses the digital currency. "It's childish," he added.


http://www.coindesk.com/wences-casares-the-bitcoin-obsessed-serial-entrepreneur/?utm_content=buffer60df4&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Lol, don't cherry pick, heres a video with wonderful human beings exalting Bitcoin: https://www.youtube.com/watch?v=uKIvxHi8AkY

(ignore the anti-bitcoin ranting)
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sidhujag
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June 12, 2015, 12:06:17 PM
 #26362

But to reach 100k tps will still be tough regardless of implementation.

My design has no theoretical limit on TPS. It will be published this year and I hope within a couple of months.
There always is bottleneck as long as there is physics

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cypherdoc
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June 12, 2015, 12:55:21 PM
 #26363

Amazingly good news if true:

Russia Expected to Legalize Bitcoin P2P Transactions

http://cointelegraph.com/news/114537/russia-expected-to-legalize-bitcoin-p2p-transactions?utm_content=buffer91808&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
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June 12, 2015, 01:51:50 PM
 #26364

Yes, it's happening and wet now have a timeline:

http://reddit.com/r/Bitcoin/comments/39kdoq/for_every_complex_problem_there_is_an_answer_that/cs451gn
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June 12, 2015, 02:47:55 PM
 #26365

short lived bounce over:

cypherdoc
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June 12, 2015, 02:50:08 PM
 #26366

oh my, that's just awful.  leading to the downside:

cypherdoc
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June 12, 2015, 03:20:13 PM
 #26367

$DXY looking very shaky.  remember, my theory is that both USD and UST's can't go up like last time in 2008.  there's been too much damage to credibility for that to happen in the next crisis.  of the 2, i guess it would be the USD to go down as everything has to be done to save the larger component of money, that of debt, or the UST.  and it's time to intervene in UST's if you look at the chart.  all printed USD needs to go to purchasing them.  which means, you know what, for Bitcoin:

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June 12, 2015, 03:21:56 PM
 #26368

here's my UST representative, TLT.  you can see it's intervention time:

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June 12, 2015, 03:23:12 PM
 #26369

IOW, this kinda stuff cannot be tolerated:

sidhujag
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June 12, 2015, 03:28:34 PM
 #26370

Nah they will prob raise rates before intervention. That will blow top off of stocks.

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June 12, 2015, 03:33:46 PM
 #26371

Nah they will prob raise rates before intervention. That will blow top off of stocks.

into the teeth of a falling stock mkt and already rising rates to the tune of 43% off the bottom?  i don't think so.
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June 12, 2015, 03:57:02 PM
 #26372

posturing bullish again:

sickpig
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June 12, 2015, 04:37:16 PM
 #26373

 https://twitter.com/jgarzik/status/609371913748529153

Making Decentralized Economic Policy
BIP 100 ­ Theory and Discussion, v0.3 ­ draft
Jeff Garzik <jgarzik@gmail.com>

a.k.a.

Another proposal to scale up bitcoin removing the max block size limit

Protocol changes proposed:

Hard fork to remove 1MB block size limit.
Simultaneously, add a new soft fork limit of 2MB.
Schedule the hard fork on testnet for September 1, 2015.
Schedule the hard fork on bitcoin main chain for December 11, 2015.
Default miner block size becomes 1MB (easily changeable by miner at any time, as today).
Changing the 2MB limit is accomplished in a manner similar to BIP 34, a one­way lock­in upgrade with a 12,000 block (3 month) threshold.

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
sidhujag
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June 12, 2015, 04:50:14 PM
 #26374

Nah they will prob raise rates before intervention. That will blow top off of stocks.

into the teeth of a falling stock mkt and already rising rates to the tune of 43% off the bottom?  i don't think so.

Rising rates is bullish for stocks(the one that is coming up soon)... chinese market taking a dip, euro in turmoil from greece: money looking for a home part 2.

★☆★Syscoin - Decentralized Marketplace and Multisig Platform
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tvbcof
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June 12, 2015, 04:54:39 PM
 #26375

But to reach 100k tps will still be tough regardless of implementation.

My design has no theoretical limit on TPS. It will be published this year and I hope within a couple of months.

There always is bottleneck as long as there is physics

I thought about commenting that the statement smacked of a limitation in theory more so than to a robustness in implementation (however gestational it might be), but it wasn't worth the few seconds to peck it out on the keyboard.  Also, of course, Anonymint doesn't need the extra temptation to engauge on the forum with all the medical problems and important coding work he's got going.


sidhujag
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June 12, 2015, 04:56:08 PM
 #26376

But to reach 100k tps will still be tough regardless of implementation.

My design has no theoretical limit on TPS. It will be published this year and I hope within a couple of months.

There always is bottleneck as long as there is physics

I thought about commenting that the statement smacked of a limitation in theory more so than to a robustness in implementation (however gestational it might be), but it wasn't worth the few seconds to peck it out on the keyboard.  Also, of course, Anonymint doesn't need the extra temptation to engauge on the forum with all the medical problems and important coding work he's got going.


+5

★☆★Syscoin - Decentralized Marketplace and Multisig Platform
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Adrian-x
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June 12, 2015, 05:10:27 PM
 #26377

Casares is openly skeptical about the ongoing – and increasingly popular – blockchain tech trend, which has seen many mainstream financial institutions and prominent figures hail the distributed ledger's disruptive potential while undermining bitcoin as a digital currency.

"I think that most people who say that do not understand what they're talking about," said Casares, adding "I think that they are trying to be politically correct."

Back in the day, he explained, executives or business people were reluctant to go on-record to comment on the Internet's promise, in fear of any public backlash if it failed to succeed.

Traditional finance organisations, said Casares, do not want to say anything positive about bitcoin. Instead, they insist on using a very convoluted argument that praises blockchain tech, but dismisses the digital currency. "It's childish," he added.


http://www.coindesk.com/wences-casares-the-bitcoin-obsessed-serial-entrepreneur/?utm_content=buffer60df4&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Lol, don't cherry pick, heres a video with wonderful human beings exalting Bitcoin: https://www.youtube.com/watch?v=uKIvxHi8AkY

(ignore the anti-bitcoin ranting)

Thanks for the video that group of globalists divide into 3 categories, those invested in exploiting the Bitcoin blockchain but not invested in bitcoin the currency, those who see change, disruption coming, and those who have invested in bitcoin.

As for the quote referenced above blockstream have provided a roadmap to separating the value in bitcoin the currency from Bitcoin the blockchain. I take many of them seriously, and more of them with a pinch of salt as most don't know the difference.  

It's mostly us who refuse to see what the blockchain but not the currency folks see.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
cypherdoc
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June 12, 2015, 07:05:39 PM
 #26378

energy going off the cliff:



copper too:



emerging mkts.  no inflation here:



BHP-largest mine, sick:



ah yes, the sweet smell of deflation.
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June 12, 2015, 09:03:10 PM
 #26379

Goldman Sachs:  oh yeah, that Bitcoin thingy, we ain't interested in that:

http://www.goldmansachs.com/our-thinking/talks-at-gs/evolution-of-bitcoin.html
cypherdoc
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June 12, 2015, 09:23:21 PM
 #26380

no VAT in Switzerland.  that's good news:

http://bitcoinassociation.ch/blog/no-vat-on-bitcoin-in-switzerland/

i get the distinct sense that there is actually some competition going on btwn diff countries to attract Bitcoin.  can u believe that?  Russia on the verge of making a significant policy turn around, Switzerland no VAT, Japan allowing self regulation, UK encouraging as a financial center, Brazil & Argentina increasing usage, China continuing to allow the largest mining pool & exchanges, etc.

it's happening guys.
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