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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?
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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2032123 times)
Erdogan
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July 25, 2015, 09:58:35 PM
 #29281

So we have the asics. After a few rounds of minimalization, we will be at the smallest size asics that can be made.

Next step is a special processor for lookup in the blockchain database. Maybe a special cache that can hold the transaction indexes, maybe some prediction built in so the whole chain from the coinbase can be loaded into the cache in paralell. And a special cache for holding whole transactions, or at least an output address and the number of satoshis in each cache line. One machine cycle to verify each output, at 8 GHz. That would be something. Well, ideas are cheap.
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Erdogan
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July 25, 2015, 10:00:00 PM
 #29282

Small blocks equal small minds.

lol, small blocks equal smart minds.   (contrary big and stupid)

Small blocks, small dicks.


I want to say "the only dick here is you" but it is not true. cypherdoc is here too :-)

But there is no poetry in that.
cypherdoc (OP)
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July 25, 2015, 11:52:46 PM
 #29283

Converted to 0.10.2 XT. Eagerly awaiting the largeblocks version.


I have 6 nodes ready and waiting.

how much does it cost you per node per month?

also, i asked before but you missed it... where are you getting those hash rate distribution graphs from? they dont match up with blockchain.info and others.



https://chain.so/btc

i think i'm paying $30/yr for 1GB RAM with swap/100GB disk
sidhujag
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July 25, 2015, 11:53:15 PM
 #29284

Looks like we have a rate rise by the fed on tap this year. Should start to get priced in on monday
cypherdoc (OP)
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July 26, 2015, 12:33:24 AM
 #29285

Looks like we have a rate rise by the fed on tap this year. Should start to get priced in on monday

I'll believe it when I  see it.
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July 26, 2015, 12:37:38 AM
 #29286

Looks like we have a rate rise by the fed on tap this year. Should start to get priced in on monday

Yeah, no.  QE4?  Yep.
NewLiberty
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July 26, 2015, 02:58:54 AM
 #29287

Looks like we have a rate rise by the fed on tap this year. Should start to get priced in on monday

Yeah, no.  QE4?  Yep.

I'm expecting both, with unlimited Keynesian hubris on the side.
This is a confidence game, so with sufficiently disorganized alternatives, the Fed may be bold and anyway they are not afraid of Bitcoin... at all.

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
solex
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July 26, 2015, 03:22:10 AM
 #29288

Looks like we have a rate rise by the fed on tap this year. Should start to get priced in on monday

Yeah, no.  QE4?  Yep.

I'm expecting both, with unlimited Keynesian hubris on the side.
This is a confidence game, so with sufficiently disorganized alternatives, the Fed may be bold and anyway they are not afraid of Bitcoin... at all.

Indeed. And for those that are still counting it will be QE5 next.
http://useconomy.about.com/od/glossary/g/Quantitative-Easing.htm

QE4 was a re-bailout of the Treasury market for new issuance plus a much needed cash infusion for the primary dealers (banks)
QE3 was a re-bailout of the MBS investors (re-bailout of Fannie & Freddie) and banks
QE2 was a bailout of the Treasury market, FDIC, plus domestic and foreign banks
QE1 was a bailout of the MBS investors (bailout of Fannie & Freddie) and the banks
TARP was a bailout of the merchant banks (Citi, Squid etc) plus AIG, car-makers and (why not?) foreign banks

cypherdoc (OP)
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July 26, 2015, 03:45:22 AM
 #29289

Looks like we have a rate rise by the fed on tap this year. Should start to get priced in on monday

Yeah, no.  QE4?  Yep.

I'm expecting both, with unlimited Keynesian hubris on the side.
This is a confidence game, so with sufficiently disorganized alternatives, the Fed may be bold and anyway they are not afraid of Bitcoin... at all.

Indeed. And for those that are still counting it will be QE5 next.
http://useconomy.about.com/od/glossary/g/Quantitative-Easing.htm

QE4 was a re-bailout of the Treasury market for new issuance plus a much needed cash infusion for the primary dealers (banks)
QE3 was a re-bailout of the MBS investors (re-bailout of Fannie & Freddie) and banks
QE2 was a bailout of the Treasury market, FDIC, plus domestic and foreign banks
QE1 was a bailout of the MBS investors (bailout of Fannie & Freddie) and the banks
TARP was a bailout of the merchant banks (Citi, Squid etc) plus AIG, car-makers and (why not?) foreign banks

the time to have raised rates was during the towering stock market advance of the last few years before what appears to have been the peak on May 19, 2015.  now that we have a Dow Theory non-confirmation on the board which looks to confirm the latter half of this year, it would be highly unlikely they raise interest rates into the the teeth of that as that would only accelerate an ongoing plunge.

it will be interesting to see how they handle this one but i doubt it will include a raise in rates.
sidhujag
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July 26, 2015, 03:56:12 AM
 #29290

Looks like we have a rate rise by the fed on tap this year. Should start to get priced in on monday

Yeah, no.  QE4?  Yep.
So you think the internal report that alluded to a rate rise this year accidentily published by the fed on their website was smoke and mirrors?
NewLiberty
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July 26, 2015, 06:07:41 AM
 #29291

Looks like we have a rate rise by the fed on tap this year. Should start to get priced in on monday

Yeah, no.  QE4?  Yep.

I'm expecting both, with unlimited Keynesian hubris on the side.
This is a confidence game, so with sufficiently disorganized alternatives, the Fed may be bold and anyway they are not afraid of Bitcoin... at all.

Indeed. And for those that are still counting it will be QE5 next.
http://useconomy.about.com/od/glossary/g/Quantitative-Easing.htm

QE4 was a re-bailout of the Treasury market for new issuance plus a much needed cash infusion for the primary dealers (banks)
QE3 was a re-bailout of the MBS investors (re-bailout of Fannie & Freddie) and banks
QE2 was a bailout of the Treasury market, FDIC, plus domestic and foreign banks
QE1 was a bailout of the MBS investors (bailout of Fannie & Freddie) and the banks
TARP was a bailout of the merchant banks (Citi, Squid etc) plus AIG, car-makers and (why not?) foreign banks

the time to have raised rates was during the towering stock market advance of the last few years before what appears to have been the peak on May 19, 2015.  now that we have a Dow Theory non-confirmation on the board which looks to confirm the latter half of this year, it would be highly unlikely they raise interest rates into the the teeth of that as that would only accelerate an ongoing plunge.

it will be interesting to see how they handle this one but i doubt it will include a raise in rates.

Market performance being that mysterious third mandate of the dual mandate.

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
cypherdoc (OP)
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July 26, 2015, 06:28:15 AM
 #29292

Looks like we have a rate rise by the fed on tap this year. Should start to get priced in on monday

Yeah, no.  QE4?  Yep.

I'm expecting both, with unlimited Keynesian hubris on the side.
This is a confidence game, so with sufficiently disorganized alternatives, the Fed may be bold and anyway they are not afraid of Bitcoin... at all.

Indeed. And for those that are still counting it will be QE5 next.
http://useconomy.about.com/od/glossary/g/Quantitative-Easing.htm

QE4 was a re-bailout of the Treasury market for new issuance plus a much needed cash infusion for the primary dealers (banks)
QE3 was a re-bailout of the MBS investors (re-bailout of Fannie & Freddie) and banks
QE2 was a bailout of the Treasury market, FDIC, plus domestic and foreign banks
QE1 was a bailout of the MBS investors (bailout of Fannie & Freddie) and the banks
TARP was a bailout of the merchant banks (Citi, Squid etc) plus AIG, car-makers and (why not?) foreign banks

the time to have raised rates was during the towering stock market advance of the last few years before what appears to have been the peak on May 19, 2015.  now that we have a Dow Theory non-confirmation on the board which looks to confirm the latter half of this year, it would be highly unlikely they raise interest rates into the the teeth of that as that would only accelerate an ongoing plunge.

it will be interesting to see how they handle this one but i doubt it will include a raise in rates.

Market performance being that mysterious third mandate of the dual mandate.

The way they behave, you'd think it's all about  the stock market.
tabnloz
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July 26, 2015, 06:46:48 AM
 #29293

Looks like we have a rate rise by the fed on tap this year. Should start to get priced in on monday

Yeah, no.  QE4?  Yep.
So you think the internal report that alluded to a rate rise this year accidentily published by the fed on their website was smoke and mirrors?

maybe that leak glitch was a subtle form of forward guidance.

interesting that rumblings of an EM crash have since intensified - the debt racked up by overseas entities priced in dollars is over $5T according to BIS (iirc)
TPTB_need_war
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July 26, 2015, 06:52:01 AM
 #29294

interesting that rumblings of an EM crash have since intensified - the debt racked up by overseas entities priced in dollars is over $5T according to BIS (iirc)

Yup.

May be it's just USD is currently being pumped so that everything else goes down compared to USD ?
Can it be that IMF and the Fed decided to sell all of it's gold, silver and other reserves to pump USD and Dow ?

If you had been reading Martin Armstrong's blog and my posts here, you'd have known for over 2 years that the dollar would becoming stronger because all the QE sent out into the world as carry trade of the ZIRP is going come rushing back to the USA (leaving the rest of the world in a short position in dollars bankrupting the emerging markets) as it will be safe haven as the rest of the world collapses. This would cause the USA to raise interest rates, thus compounding the problem for all nations except the USA. The target date was Oct 2015. Right on time...

Zarathustra
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July 26, 2015, 07:43:27 AM
 #29295

interesting that rumblings of an EM crash have since intensified - the debt racked up by overseas entities priced in dollars is over $5T according to BIS (iirc)

Yup.

May be it's just USD is currently being pumped so that everything else goes down compared to USD ?
Can it be that IMF and the Fed decided to sell all of it's gold, silver and other reserves to pump USD and Dow ?

If you had been reading Martin Armstrong's blog and my posts here, you'd have known for over 2 years that the dollar would becoming stronger because all the QE sent out into the world as carry trade of the ZIRP is going come rushing back to the USA (leaving the rest of the world in a short position in dollars bankrupting the emerging markets) as it will be safe haven as the rest of the world collapses. This would cause the USA to raise interest rates, thus compounding the problem for all nations except the USA. The target date was Oct 2015. Right on time...

Armstrong will be wrong again. Nothing special will happen Oct 2015.
molecular
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July 26, 2015, 08:10:44 AM
 #29296

Small blocks equal small minds.

lol, small blocks equal smart minds.   (contrary big and stupid)

Small blocks, small dicks.


Does your mom know you're staying up late and sneaking on to her laptop just to act like a jackass?

Here son, have a clue:

Quote
The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004

Oh yeah? So adding complicated stuff like sidechains and lightning network is making bitcoin code smaller?

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
pinky
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July 26, 2015, 08:20:45 AM
 #29297


Armstrong will be wrong again. Nothing special will happen Oct 2015.

Even Armstrong said this. Don't expect some market to crash on that day, but it will be important turning point that indicates years of misery ahead (countries going bankrupt, companies going bankrupt, more civil unrests, wars, migrations, viruses).



████████████▀████▄████████████████▀███▀████████████████▄█
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      |                  |                  |            
Zarathustra
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July 26, 2015, 08:55:05 AM
 #29298


Armstrong will be wrong again. Nothing special will happen Oct 2015.

Even Armstrong said this. Don't expect some market to crash on that day, but it will be important turning point that indicates years of misery ahead (countries going bankrupt, companies going bankrupt, more civil unrests, wars, migrations, viruses).

Not really. Only a little bit of misery ahead; and then, acccording to his model: Roaring Twenties reloaded:

http://i1.wp.com/armstrongeconomics.com/wp-content/uploads/2012/08/ecconf-maa-clr.jpg?resize=584%2C449
iCEBREAKER
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July 26, 2015, 09:36:25 AM
 #29299

Quote
The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004

So adding complicated stuff like sidechains and lightning network is making bitcoin code smaller?


No, and those features should be fought just like any others.  The adversarial process is valuable in assuring they do not compromise security or reliability.

Fighting features doesn't mean never accepting them no matter what.


██████████
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Monero
"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
Buy and sell XMR near you
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smooth
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July 26, 2015, 09:41:02 AM
 #29300

Small blocks equal small minds.

lol, small blocks equal smart minds.   (contrary big and stupid)

Small blocks, small dicks.


Does your mom know you're staying up late and sneaking on to her laptop just to act like a jackass?

Here son, have a clue:

Quote
The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004

Oh yeah? So adding complicated stuff like sidechains and lightning network is making bitcoin code smaller?

To the extent those build on top of Bitcoin they aren't adding features to it or making the the core code bigger. If they require changes to the core code or adding new features to it, that's a different matter that needs to be considered carefully.
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