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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 2014184 times)
Zangelbert Bingledack
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June 29, 2015, 03:36:09 PM
 #27701


Thinking too small. We can do better. Even without a blocksize increase, but we will get one anyway.

What people don't seem to realize is this debate is actually fueling the changes in dev culture and implementation monoculture that we need in order to be robust enough to meet the challenges that will assail Bitcoin when it is in the quintuple digits. Fee markets play a role, too, and perhaps even things like LN. Honey badger was like, "Grow to take on larger adoption? Sure but I want more: I also want laser eyes and telekinesis." This debate ensures we get not only the scheduled blocksize increase, but that we get it all.

Whatever Bitcoin needs to get to the next level of price, chaos will be created to show the way to the ladder that gets it there.
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cypherdoc
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June 29, 2015, 03:41:46 PM
 #27702

now this is funny:

https://twitter.com/timpastoor/status/615496624446509056

imo, Greece should adopt Bitcoin.  can you imagine the #Bitcoin businesses that would fly their way as a result?
cypherdoc
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June 29, 2015, 04:28:30 PM
 #27703

Dow -228
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June 29, 2015, 04:52:24 PM
 #27704

oh yeah, baby.  straight down the rack:

SmoothCurves
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June 29, 2015, 05:03:32 PM
 #27705


Thinking too small. We can do better. Even without a blocksize increase, but we will get one anyway.

What people don't seem to realize is this debate is actually fueling the changes in dev culture and implementation monoculture that we need in order to be robust enough to meet the challenges that will assail Bitcoin when it is in the quintuple digits. Fee markets play a role, too, and perhaps even things like LN. Honey badger was like, "Grow to take on larger adoption? Sure but I want more: I also want laser eyes and telekinesis." This debate ensures we get not only the scheduled blocksize increase, but that we get it all.

Whatever Bitcoin needs to get to the next level of price, chaos will be created to show the way to the ladder that gets it there.


Looks we are at the start of Wave 3. The top should be around $126,000 USD/BTC. Not sure on time frame...maybe by 2018?
cypherdoc
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June 29, 2015, 05:04:37 PM
 #27706

ooh, Dow -244
ssmc2
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June 29, 2015, 05:05:14 PM
 #27707


Thinking too small. We can do better. Even without a blocksize increase, but we will get one anyway.

What people don't seem to realize is this debate is actually fueling the changes in dev culture and implementation monoculture that we need in order to be robust enough to meet the challenges that will assail Bitcoin when it is in the quintuple digits. Fee markets play a role, too, and perhaps even things like LN. Honey badger was like, "Grow to take on larger adoption? Sure but I want more: I also want laser eyes and telekinesis." This debate ensures we get not only the scheduled blocksize increase, but that we get it all.

Whatever Bitcoin needs to get to the next level of price, chaos will be created to show the way to the ladder that gets it there.


Looks we are at the start of Wave 3. The top should be around $126,000 USD/BTC. Not sure on time frame...maybe by 2018?

I'll put in my 3 year notice at work.  Grin
SmoothCurves
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June 29, 2015, 05:19:54 PM
 #27708


Thinking too small. We can do better. Even without a blocksize increase, but we will get one anyway.

What people don't seem to realize is this debate is actually fueling the changes in dev culture and implementation monoculture that we need in order to be robust enough to meet the challenges that will assail Bitcoin when it is in the quintuple digits. Fee markets play a role, too, and perhaps even things like LN. Honey badger was like, "Grow to take on larger adoption? Sure but I want more: I also want laser eyes and telekinesis." This debate ensures we get not only the scheduled blocksize increase, but that we get it all.

Whatever Bitcoin needs to get to the next level of price, chaos will be created to show the way to the ladder that gets it there.


Looks we are at the start of Wave 3. The top should be around $126,000 USD/BTC. Not sure on time frame...maybe by 2018?

I'll put in my 3 year notice at work.  Grin

Better make it 5 so that it's after the next block reward halving, just incase. 
cypherdoc
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June 29, 2015, 06:43:10 PM
 #27709

Dow - 282

yeah baby
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June 29, 2015, 06:49:25 PM
 #27710

yowzer

cypherdoc
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June 29, 2015, 06:50:06 PM
 #27711

paging Janet.

on deck immediately.
Zangelbert Bingledack
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June 29, 2015, 06:50:32 PM
 #27712

How's the old volatility index?
Zangelbert Bingledack
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June 29, 2015, 06:51:11 PM
 #27713

Looks we are at the start of Wave 3. The top should be around $126,000 USD/BTC. Not sure on time frame...maybe by 2018?

Sounds about right.
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June 29, 2015, 06:51:46 PM
 #27714

How's the old volatility index?

lol:

Zangelbert Bingledack
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June 29, 2015, 06:54:28 PM
 #27715

Oh. Shit.
cypherdoc
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June 29, 2015, 06:58:00 PM
 #27716

actually, i have to laugh.  as i peruse the front page of Reddit, i see nothing but articles on Greece, Italy, currency problems, bank runs, namely, international events.

fyi, my posting style hasn't changed one bit since day 1 2011.  i've always emphasized international or global economics; stocks, bonds, gold/silver, politics, macroeconomics, etc as they relate to Bitcoin.  only makes sense, right?  however, you won't believe the number of geek trolls who criticized me for having done so for such inextricable reasons as "none of that matters", "Bitcoin is and always will remain niche", "hedge funds and VC's will never invest in Bitcoin", "Wall St doesn't give a shit about crypto and never will", yada yada yada.  Matthew N. Wright comes mainly to mind. 

well, he's long gone from Bitcoin.
Zangelbert Bingledack
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June 29, 2015, 07:03:13 PM
 #27717

This stuff has been a long time in brewing. Most people are only able to pay attention to whatever the current events are, not seeing the big picture or the long drawn-out processes. We wait. And wait and wait and wait. It seems like we'll wait forever. Then one day...
cypherdoc
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June 29, 2015, 07:05:01 PM
 #27718

Dow -300.  yawn.
Bagatell
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June 29, 2015, 07:07:00 PM
 #27719

actually, i have to laugh.  as i peruse the front page of Reddit, i see nothing but articles on Greece, Italy, currency problems, bank runs, namely, international events.


And redditors foaming at the mouth whilst telling us that none of this will affect bitcoin. Forbes even got in on the game.

http://fortune.com/2015/06/29/bitcoin-price-hike-greece-grexit/
tvbcof
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June 29, 2015, 07:11:52 PM
 #27720

actually, i have to laugh.  as i peruse the front page of Reddit, i see nothing but articles on Greece, Italy, currency problems, bank runs, namely, international events.

fyi, my posting style hasn't changed one bit since day 1 2011.  i've always emphasized international or global economics; stocks, bonds, gold/silver, politics, macroeconomics, etc as they relate to Bitcoin.  only makes sense, right?  however, you won't believe the number of geek trolls who criticized me for having done so for such inextricable reasons as "none of that matters", "Bitcoin is and always will remain niche", "hedge funds and VC's will never invest in Bitcoin", "Wall St doesn't give a shit about crypto and never will", yada yada yada.  Matthew N. Wright comes mainly to mind. 

well, he's long gone from Bitcoin.

I'd concur that you are more focused than average on the important things and have a much better than average interpretation of certain of the critical aspects of mainstream systems than most.  Of course, 'most' don't even know or care that such a sphere exists.

I'll concur with iCEBREAKER that you've got a knack at coming to exactly the wrong conclusions based on your analysis more often than not.  Such a shame.


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