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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 1920480 times)
cypherdoc
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July 20, 2015, 05:16:53 AM
 #29061


Everything is collapsing or about to collapse, except Bitcoin. Deal with it.

all it takes is for 5% of the gold market to come to Bitcoin and the price will go to ______

And gold is only one of many assets that can feed Bitcoin...



i know.  it's that great deflationary sucking sound.

oil about to go sub $50.  again.
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iCEBREAKER
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https://monero.stackexchange.com/a/1203


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July 20, 2015, 05:28:03 AM
 #29062

At least one of them made out like a bandit tho...

assuming one of them actually did something wrong tho...

Well, the jury is still out on that imho. It seems calling 'shill' in this place is like yelling 'fire' at an apathy convention.  Undecided

Shill

A person engaged in covert advertising. The shill attempts to spread buzz by personally endorsing the product in public forums with the pretense of sincerity, when in fact he is being paid for his services.

The "covert" attribute is not in the normal definition.  Why didn't you give us a link to your dictionary?

Here the one to mine: http://www.merriam-webster.com/dictionary/shill

Quote
to act as a spokesperson or promoter

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  |  Buy XMR with fiat
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


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
domob
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July 20, 2015, 05:30:17 AM
 #29063

WTF happend to gold just now?  Bitcoin holding steady.

Use your Namecoin identity as OpenID: https://nameid.org/
Donations: 1domobKsPZ5cWk2kXssD8p8ES1qffGUCm | NMC: NCdomobcmcmVdxC5yxMitojQ4tvAtv99pY
BM-GtQnWM3vcdorfqpKXsmfHQ4rVYPG5pKS | GPG 0xA7330737
cypherdoc
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July 20, 2015, 05:35:48 AM
 #29064

WTF happend to gold just now?  Bitcoin holding steady.

I told you not to buy.

Were you listening to iCEBLow and tvbcof again?
klee
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July 20, 2015, 05:37:15 AM
 #29065

Doomed:

http://stockcharts.com/freecharts/pnf.php?c=%24GOLD,PGTBDANRNO[PA][D][F1!3!!!2!20]

BTC: 1K9atu5zgz7izCMAynk5adBJ8Qn2YgS6nT
domob
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July 20, 2015, 06:36:44 AM
 #29066

WTF happend to gold just now?  Bitcoin holding steady.

I told you not to buy.

Were you listening to iCEBLow and tvbcof again?

Who said that I bought?  I did not, I'm holding BTC instead.  Just wondered at the crash.

Use your Namecoin identity as OpenID: https://nameid.org/
Donations: 1domobKsPZ5cWk2kXssD8p8ES1qffGUCm | NMC: NCdomobcmcmVdxC5yxMitojQ4tvAtv99pY
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tvbcof
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July 20, 2015, 07:20:09 AM
 #29067

WTF happend to gold just now?  Bitcoin holding steady.

I told you not to buy.

Were you listening to iCEBLow and tvbcof again?

I drew down my BTC supply instead of my PM supply at or near the point when it was at 4-figures.  I've don't believe I've said anything about gold for a long time now, but someone who 'listened to me' over the last few years now could be forgiven based on my history.  That is, informing people that I was buying BTC at the end of 2011 and selling at the end of 2013.  And would think about buying BTC again about 6 months ago IIRC.

Dunno what ever became of ~goat, but he and I seemed to have achieved the same strategy wrt gold and bitcoin in terms of buying and selling.  This contrasts sharply with, say, you (cypherdoc) who always only says to buy BTC and sell gold.  As I say, 'one trick pony'.  You've got a 50% chance of being right which doesn't exactly take a rocket scientist to figure out.

I might add that your call to 'buy Hashfast' did work out extraordinarily well...for you and a few other insiders.  Nicely done...so far...we'll have to see how the lawsuits progress before cementing in that conclusion I guess.


smooth
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July 20, 2015, 10:57:50 AM
 #29068

At least one of them made out like a bandit tho...

assuming one of them actually did something wrong tho...

Well, the jury is still out on that imho. It seems calling 'shill' in this place is like yelling 'fire' at an apathy convention.  Undecided

Shill

A person engaged in covert advertising. The shill attempts to spread buzz by personally endorsing the product in public forums with the pretense of sincerity, when in fact he is being paid for his services.

The "covert" attribute is not in the normal definition.  Why didn't you give us a link to your dictionary?

Here the one to mine: http://www.merriam-webster.com/dictionary/shill

Quote
to act as a spokesperson or promoter

https://en.wikipedia.org/wiki/Shill
sickpig
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July 20, 2015, 11:04:32 AM
 #29069

Yes, Monero is considered by many legendary/hero members to be the next step in crypto.  No other coin even comes close.

citation needed?

I belong to the group of people that think Monero is a valid implementation of cryptonote white paper. I even bought some (ath obviously).

But I think that what you're saying is quite bold and should be backed by something more objective.

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
smooth
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July 20, 2015, 11:09:02 AM
 #29070

Thank you for the Peter Todd and Greg Maxwell citations!

Are there any more core developers with a position either positive or negative on Monero?

Not a 'position' per se but Wladimir did make a small pull request against Monero recently, indicating that he's at least looking at the code. I don't expect that to be the case for too many other coins:

https://github.com/monero-project/bitmonero/pull/329
NewLiberty
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July 20, 2015, 11:31:22 AM
 #29071

The Monero solution to the block size limit issue was also quite nice.  It seems robust enough to manage any size growth needed forever.
 
It accomplishes this by using pooling of rewards to future blocks, miners can expand the block size by paying a little forward to a pool that rewards future miners.
It is the sort of thing that is most easily done at inception, not as easy to add later.

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
Zarathustra
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July 20, 2015, 11:32:26 AM
 #29072

WTF happend to gold just now?  Bitcoin holding steady.

I told you not to buy.

Were you listening to iCEBLow and tvbcof again?

Elliott Wave 1 (of 5) down.
The Elliott Wave 'Guru' No. 1 in Germany counted the waves, 18 month ago.




http://www.dasgelbeforum.net/forum_entry.php?id=361982


It's only a prologue:



http://www.dasgelbeforum.net/forum_entry.php?id=303145

His count 2001(!):



... and what happened in reality:



http://www.dasgelbeforum.net/forum_entry.php?id=303145

"Staat nenne ich's, wo alle Gifttrinker sind, Gute und Schlimme: Staat, wo alle sich selber verlieren, Gute und Schlimme:
Staat, wo der langsame Selbstmord aller – »das Leben« heisst."
Paashaas
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July 20, 2015, 01:15:43 PM
 #29073

Gold is dropping hard, the price fell 4% to as low as $1,088.05 an ounce in Asian trade, the lowest since March 2010.
Torque
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July 20, 2015, 01:40:45 PM
 #29074

Gold is dropping hard, the price fell 4% to as low as $1,088.05 an ounce in Asian trade, the lowest since March 2010.

It is being blamed on China:

http://www.businessinsider.com/gold-price-flash-crash-caused-by-five-tonnes-of-chinese-bullion-2015-7
Natalia_AnatolioPAMM
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July 20, 2015, 02:15:18 PM
 #29075

Gold is dropping hard, the price fell 4% to as low as $1,088.05 an ounce in Asian trade, the lowest since March 2010.

and who knows what's coming next!

Earn money when BTC crashes - join BTC-E PAMM
Dick Valentine
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July 20, 2015, 03:19:56 PM
 #29076

Gold is dropping hard, the price fell 4% to as low as $1,088.05 an ounce in Asian trade, the lowest since March 2010.

It is being blamed on China:

http://www.businessinsider.com/gold-price-flash-crash-caused-by-five-tonnes-of-chinese-bullion-2015-7

Everyone seems to like to blame China for everything  Grin. I'm still going to stick with bitcoin. In the long run bitcoin will far succeed gold.
bclcjunkie
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July 20, 2015, 04:35:05 PM
 #29077

cypherdoc you're actually doing awesome job at keeping the plebs off the barbarous relic, i gotta thank shills like you. keep it up.

WTF happend to gold just now?  Bitcoin holding steady.

I told you not to buy.

Were you listening to iCEBLow and tvbcof again?
cypherdoc
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July 20, 2015, 05:08:56 PM
 #29078

poor little iCEBLOW & tvbcof.  thank you for the money.  oh, times 2:

tvbcof
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July 20, 2015, 05:18:10 PM
 #29079


cypherdoc you're actually doing awesome job at keeping the plebs off the barbarous relic, i gotta thank shills like you. keep it up.

I've long felt that cypherdoc's stance on gold was almost exclusively to shift a small fraction of stacker's hoards into Bitcoin which could make us hodlers a bundle.  It never did and does not now make much sense to risk it all on Bitcoin unless one is pretty hand-to-mouth and doesn't have much to risk anyway.  This makes cypherdoc's advice against a balanced risk strategy shitty and self-serving (though it pales to pimping Hashfast for big shill bucks) and thus I never felt to bad about giving him shit.

I could see gold going significantly lower in dollar terms under a severe deflation where the USD held together (an unlikely combo but possible.)  The catch is that at that point there is a strong likelyhood of 'bail-ins'.  Only then would Bitcoin make sense, but so would physical (which is the only thing I've ever had any interest in.)

Both phyz and BTC, being resistant to counter-party risk, would have obvious advantages in a bail-in scenario.  The trouble with both is that one would find oneself on the wrong end of the pitchforks and 'homogenized' with people who were insider scumbags before 'the event'.  I'll expect that then, just as now, these insider scumbag types will enjoy flexibility and protections denied to simple paranoids like yours truly.


cypherdoc
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July 20, 2015, 06:12:24 PM
 #29080

this looks good:

http://www.econtalk.org/archives/2015/07/wences_casares.html
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