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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 1807340 times)
justusranvier
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October 16, 2013, 01:20:23 AM
 #5881

i missed April 10.
(hint: spreadsheets with conditional formatting make them easier to find)
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cypherdoc
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October 16, 2013, 03:15:11 AM
 #5882

i missed April 10.
(hint: spreadsheets with conditional formatting make them easier to find)

you're too smart. Wink
oakpacific
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October 16, 2013, 03:20:06 AM
 #5883

If there are no catastrophic events, the "Internet kill switch" will be a moot issue within three years. There may still be the potential for continental separation, but methods exist for communication even at transoceanic distances without relying on cables or satellites. With geographically diversified mining resources, Bitcoin will be effectively unbreakable at that point.

That is when Bitcoin will start truly eroding gold's position as a monetary asset, after fiat currencies have been proven bettered by crypto.

Now you have brought up an interesting problem: can someone(e.g., superpowerful alphabet agencies) actually manage to exert control on the whole network by manipulating what's being sent through the cables? Maybe when we get all super-rich with bitcoins we need to construct our own submarine fiber systems, secured by quantum cryptography which is resistant to both sabotage and quantum computing.

Well that's the thing. He's talking about radio waves.

Not sure how manipulable those are.

You still have limited range and routers/repeaters.  That's where the network is vulnerable to manipulation.

Nature has provided us with the ionosphere, radio stations could be built with reasonable(comparable to a mining farm even if you use short-to-medium wavelength) cost and decentralization.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
cypherdoc
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October 16, 2013, 03:34:22 AM
 #5884

i haven't been looking into too many of the other threads but the reaction to this rally seems so subdued.  

where are all the rocket pictures?  how many sold into the SR dump?  not my subs, i can tell you that.

here you go:



justusranvier
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October 16, 2013, 03:39:13 AM
 #5885

http://www.youtube.com/watch?v=OImA1k2ckiI
oakpacific
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October 16, 2013, 03:47:18 AM
 #5886

i haven't been looking into too many of the other threads but the reaction to this rally seems so subdued.  

where are all the rocket pictures?  how many sold into the SR dump?  not my subs, i can tell you that.

here you go:





People probably are already starting to have a itching feeling in their ass/spine, but the anachronistic banking system is keeping them in check.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
cypherdoc
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October 16, 2013, 03:53:09 AM
 #5887

anachronistic

that's too big an English word for a Chinese to say.

just stick to "buy".
oakpacific
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October 16, 2013, 04:06:57 AM
 #5888

seems the Chinese are the ones buying (and maybe the only ones left holding?) Smiley

Ha, better than holding government bonds.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
cypherdoc
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October 16, 2013, 04:11:58 AM
 #5889

seems the Chinese are the ones buying (and maybe the only ones left holding?) Smiley

Ha, better than holding government bonds.

you got that right.

remember the 3 mo T Bill chart i showed you the other day that showed the rate increase off the bottom to be 2000%.  here's today's version:

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October 16, 2013, 04:15:39 AM
 #5890

seems the Chinese are the ones buying (and maybe the only ones left holding?) Smiley

Ha, better than holding government bonds.

you got that right.

remember the 3 mo T Bill chart i showed you the other day that showed the rate increase off the bottom to be 2000%.  here's today's version:



Thanks, I'll reconsider buying next time if they are going to add lifetime subscription to C-SPAN as a bonus, I heard their soap opera is good.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
molecular
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October 16, 2013, 07:40:37 AM
 #5891

seems the Chinese are the ones buying (and maybe the only ones left holding?) Smiley

Do you mean xbt or USD?

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Zangelbert Bingledack
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October 16, 2013, 08:15:37 AM
 #5892

Subdued reaction is good. It an indication of minimal frothiness, i.e., price will continue rising.
dozerz
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October 16, 2013, 08:27:58 AM
 #5893

now bitcoin, gold and silver all collapsing? enjoy the ride Smiley
thoughtfan
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October 16, 2013, 10:02:49 AM
 #5894

now bitcoin, gold and silver all collapsing? enjoy the ride Smiley

If only houses in earthquake areas 'collapsed' in this manner!!


If you have a machine on 24/7 why not have a full Bitcoin client running on it to support the network?
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October 16, 2013, 05:07:41 PM
 #5895

bitcoin down, gold and silver begin to climb as debt ceiling raised....
cypherdoc
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October 17, 2013, 07:29:46 PM
 #5896

finally found the right rocket:

dozerz
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October 17, 2013, 08:46:09 PM
 #5897

To da moon?
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October 17, 2013, 10:32:27 PM
 #5898

high volume on gold spot cfd today. Looks like major accumulation has begun to target $2k and beyond.

Always pays to know how to read a chart.

For the noobs... london got in at the low(check the upthrust time) so don't think for a second that american panzies are gonna let london make all the profit. So look for price to slowly stagnate down towards the open of last london open. perfect entry.
molecular
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October 18, 2013, 06:26:21 AM
 #5899

VisionVictory made quite an awesome Bitcoin propaganda video explaining bitcoin to the metal-head-crowd:



http://www.youtube.com/watch?v=T_hBhymFfm8

this could lead to...

Gold collapsing. Bitcoin UP.

EDIT: added pic

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Dusty
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October 18, 2013, 07:09:56 AM
 #5900

VisionVictory made quite an awesome Bitcoin propaganda video explaining bitcoin to the metal-head-crowd:

http://www.youtube.com/watch?v=T_hBhymFfm8
That was an awesome job!

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