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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 1805439 times)
kjj
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October 29, 2013, 01:30:25 PM
 #6161

Colored coins are unworkable in the real world.  Mastercoin is a scam.

We need a bitcoin-like chain for securities and shares.  We'll get there.  Brokerages will transition to acting as interfaces between the bitcoin chain and the security chain.

p2pcoin: a USB/CD/PXE p2pool miner - 1N8ZXx2cuMzqBYSK72X4DAy1UdDbZQNPLf - todo
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vokain
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October 29, 2013, 01:34:56 PM
 #6162

Colored coins are unworkable in the real world.  Mastercoin is a scam.

We need a bitcoin-like chain for securities and shares.  We'll get there.  Brokerages will transition to acting as interfaces between the bitcoin chain and the security chain.

Either way, the point is many efforts are being worked on to update our antiquated systems of exchange. A quick perusal of the project development board will show a handful of different actors theorizing several different and intuitive ways to create a backbone for a distributed exchange (some that will work, some that might, some that won't). Day by day more brain power gets invested towards these problems. I hope that we can soon enough, as a global society, design and use infallible and fluid price-discovery mechanisms at minimal cost. Eventually it will happen

...مكتوب
Escape the plutocrats’ zanpakutō, Flower in the Mirror, Moon on the Water: brave “the ascent which is rough and steep” (Plato).
cypherdoc
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October 29, 2013, 02:10:17 PM
 #6163

I would not have been so impressed, and the whole thing wouldn't feel so awesome, if Bitcoin price had never gone to $2.

As for PMs, my point is still that central banks can easily one-up you at PMs when things get really desperate, Bitcoin, ain't so easy. So unless your apocalypse theory is of the everyone for himself absolute jungle flavor, don't buy too much.

Yep, that was key. Ponzis don't bounce remember?

That was a bad time. The shorts were out in force. It took heavy discipline to buy that crash.
worldinacoin
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October 29, 2013, 02:14:21 PM
 #6164

The difficulty is increasing so fast that even though Bitcoin prices are going up, it is hard to catch up with the new eqpt for mining Bitcoins!
vokain
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October 29, 2013, 02:40:08 PM
 #6165

The difficulty is increasing so fast that even though Bitcoin prices are going up, it is hard to catch up with the new eqpt for mining Bitcoins!

I guess the way I see it is that it's becoming cheaper to become a Bitcoin node and more people are doing it.

...مكتوب
Escape the plutocrats’ zanpakutō, Flower in the Mirror, Moon on the Water: brave “the ascent which is rough and steep” (Plato).
cypherdoc
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October 29, 2013, 02:43:53 PM
 #6166

The difficulty is increasing so fast that even though Bitcoin prices are going up, it is hard to catch up with the new eqpt for mining Bitcoins!

I guess the way I see it is that it's becoming cheaper to become a Bitcoin node and more people are doing it.

this is true. 

we all have huge gains to protect and mining or being a node is something all of us should want to do.  not only that, if the coins you make go and add several zeros onto the end you'll not regret it.
cypherdoc
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October 29, 2013, 02:52:53 PM
 #6167

Wall St is not only holding Silicon Valley back, it is holding the rest of us back.  as in the entire country is being held hostage for a continuous stream of bailouts.

here was my update last May 17:


-------- Original Message --------
Subject:    Conflict
Date:    Fri, 17 May 2013 08:22:19 -0700
From:    xxxxx
To:    undisclosed-recipients:;



I've detected a new dynamic that is setting up that I believe will be a significant factor in driving Bitcoin adoption.  I have not heard this "concept" framed in this manner on the Forums or anywhere else so I believe you're hearing it formally stated here first:

Wall Street vs. Silicon Valley.

I first detected this in Chris Dixon's first interview at TechCrunch here:  http://techcrunch.com/2013/04/29/chris-dixon-plans-on-investing-in-more-bitcoin-startups-says-more-entrepreneurs-are-getting-involved/

Then again in another of his videos yesterday:  http://pandodaily.com/2013/05/16/for-chris-dixon-the-next-big-thing-might-be-bitcoin/

And finally, it came thru again in the GigaOM event last nite which I attended.

The bottom line is this:  The powers to be in Silicon Valley are anxious to snatch the reins of their financial destiny away from the banks and Wall Street upon who've they've depended on forever.  And they are going to use Bitcoin as a launching pad to develop a myriad of technical tools to accomplish this task.  They will also contribute their talents in making sure Bitcoin is secure from attack.  They will also use their considerable monetary war chest to lobby Congress to protect Bitcoin for the long term.  These events are how it's going to play out even though they might not exactly realize it yet.

This is another play on the theme of how "geeks are taking over the world" Wink

I believe they will be successful.
justusranvier
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October 29, 2013, 02:54:27 PM
 #6168

Is it just me, or did he openly declare war on DC and everything it stands for?
cypherdoc
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October 29, 2013, 02:56:10 PM
 #6169

Is it just me, or did he openly declare war on DC and everything it stands for?

watch the Chris Dixon links from above.

Wall St and Washington work hand in hand. 
vokain
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October 29, 2013, 02:58:01 PM
 #6170

Is it just me, or did he openly declare war on DC and everything it stands for?

His side is the side I want to be on.

Also, I've thought about investing in Blueseed but I'm not an accredited US investor.

...مكتوب
Escape the plutocrats’ zanpakutō, Flower in the Mirror, Moon on the Water: brave “the ascent which is rough and steep” (Plato).
cypherdoc
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October 29, 2013, 02:59:26 PM
 #6171

personally, i think the Money Masters in Wall St are what corrupts Washington.  this is the power of the printing press when controlled by private hands (banksters).

that is where the root of the problem lies and this is why we're here.
oakpacific
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October 29, 2013, 03:36:00 PM
 #6172

personally, i think the Money Masters in Wall St are what corrupts Washington.  this is the power of the printing press when controlled by private hands (banksters).

that is where the root of the problem lies and this is why we're here.

So I take it to mean that they are important facilitators of great human creations, much like how war industry has bettered human lives in various ways.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
vokain
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October 29, 2013, 03:38:51 PM
 #6173

personally, i think the Money Masters in Wall St are what corrupts Washington.  this is the power of the printing press when controlled by private hands (banksters).

that is where the root of the problem lies and this is why we're here.

So I take it to mean that they are important facilitators of great human creations, much like how war industry has bettered human lives in various ways.

All Wars Are Bankers' Wars

...مكتوب
Escape the plutocrats’ zanpakutō, Flower in the Mirror, Moon on the Water: brave “the ascent which is rough and steep” (Plato).
cypherdoc
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October 29, 2013, 03:40:14 PM
 #6174

personally, i think the Money Masters in Wall St are what corrupts Washington.  this is the power of the printing press when controlled by private hands (banksters).

that is where the root of the problem lies and this is why we're here.

So I take it to mean that they are important facilitators of great human creations, much like how war industry has bettered human lives in various ways.

it's a basic Austrian principle.  let us not forget:

   "The few who understand the system, will either be so interested from it's profits or so dependant on it's favors, that there will be no opposition from that class." — Rothschild Brothers of London, 1863

  "Give me control of a nation's money and I care not who makes it's laws" — Mayer Amschel Bauer Rothschild
 
rpietila
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October 29, 2013, 03:49:25 PM
 #6175

accredited US investor.

In land of the free you have to be rich to become rich. Even in Finland you can invest into whatever you like.

Melbustus
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October 29, 2013, 04:11:01 PM
 #6176

Is it just me, or did he openly declare war on DC and everything it stands for?


Yes, he did. With a big Y-Combinator logo on the podium, mentioning bitcoin several times, and telling people to go build apps that facilitate exiting the current system.

Maybe it's just me, but it seems that stuff like this is indicative of a greater trend of people (especially tech-savvy people, obv) viewing government more as a product that requires competitive iteration and customer mobility than as some inevitable and immutable entity in and an of itself. The speaker made a great point; namely that mobile tech is not about location-based-apps, but about making location *irrelevant*.

The way that technology enables both the theoretical decentralization of services and the building of non-location-centric communities implies that traditional notions of patriotism and nationalism can become more aligned with people's natural way of life and ideology across physical boundaries. This is a big shift. Obviously philosophers have debated the nature of human interaction, ideology, and government for millenia, but technological interconnectedness really does open up a very wide range of new possibilities.

Interesting times, indeed.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
Best info on Casascius coins: http://spotcoins.com/casascius
Ivanhoe
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October 29, 2013, 04:41:17 PM
 #6177

Is it just me, or did he openly declare war on DC and everything it stands for?


Yes, he did. With a big Y-Combinator logo on the podium, mentioning bitcoin several times, and telling people to go build apps that facilitate exiting the current system.

Maybe it's just me, but it seems that stuff like this is indicative of a greater trend of people (especially tech-savvy people, obv) viewing government more as a product that requires competitive iteration and customer mobility than as some inevitable and immutable entity in and an of itself. The speaker made a great point; namely that mobile tech is not about location-based-apps, but about making location *irrelevant*.

The way that technology enables both the theoretical decentralization of services and the building of non-location-centric communities implies that traditional notions of patriotism and nationalism can become more aligned with people's natural way of life and ideology across physical boundaries. This is a big shift. Obviously philosophers have debated the nature of human interaction, ideology, and government for millenia, but technological interconnectedness really does open up a very wide range of new possibilities.

Interesting times, indeed.
+1, transformation from the "place of spaces" to the "space of flows". Got a great article about this trend, i will look it up for you.
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October 29, 2013, 05:14:30 PM
 #6178

I would not have been so impressed, and the whole thing wouldn't feel so awesome, if Bitcoin price had never gone to $2.

As for PMs, my point is still that central banks can easily one-up you at PMs when things get really desperate, Bitcoin, ain't so easy. So unless your apocalypse theory is of the everyone for himself absolute jungle flavor, don't buy too much.

Yep, that was key. Ponzis don't bounce remember?

That was a bad time. The shorts were out in force. It took heavy discipline to buy that crash.

I made my last purchase at just North of $2.00 which was the low-water mark on Tradehill.  For me it was not 'discipline' as much as 'frustration' and 'stubbornness'.  I would have made one more double-down at around $1.50's, but we didn't get there.

To me Bitcoin was obviously not a simple match for Ponzi (though there were and are some shallow similarities), and then, just like now, I could see an argument for enormous utility and the arithmetic for much higher valuations.  I actually considered myself to be playing a valuable supporting role simply by soaking up liquidity in those dark days.


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October 29, 2013, 06:11:43 PM
 #6179

Is it just me, or did he openly declare war on DC and everything it stands for?


Yes, he did. With a big Y-Combinator logo on the podium, mentioning bitcoin several times, and telling people to go build apps that facilitate exiting the current system.

Maybe it's just me, but it seems that stuff like this is indicative of a greater trend of people (especially tech-savvy people, obv) viewing government more as a product that requires competitive iteration and customer mobility than as some inevitable and immutable entity in and an of itself. The speaker made a great point; namely that mobile tech is not about location-based-apps, but about making location *irrelevant*.

The way that technology enables both the theoretical decentralization of services and the building of non-location-centric communities implies that traditional notions of patriotism and nationalism can become more aligned with people's natural way of life and ideology across physical boundaries. This is a big shift. Obviously philosophers have debated the nature of human interaction, ideology, and government for millenia, but technological interconnectedness really does open up a very wide range of new possibilities.

Interesting times, indeed.

I liked what he said. If you don't like something you opt out. I opted out of voting before I had the right to do so, but haven't gone much further yet.

ErisDiscordia
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October 29, 2013, 07:18:17 PM
 #6180

Is it just me, or did he openly declare war on DC and everything it stands for?


Yes, he did. With a big Y-Combinator logo on the podium, mentioning bitcoin several times, and telling people to go build apps that facilitate exiting the current system.

Maybe it's just me, but it seems that stuff like this is indicative of a greater trend of people (especially tech-savvy people, obv) viewing government more as a product that requires competitive iteration and customer mobility than as some inevitable and immutable entity in and an of itself. The speaker made a great point; namely that mobile tech is not about location-based-apps, but about making location *irrelevant*.

The way that technology enables both the theoretical decentralization of services and the building of non-location-centric communities implies that traditional notions of patriotism and nationalism can become more aligned with people's natural way of life and ideology across physical boundaries. This is a big shift. Obviously philosophers have debated the nature of human interaction, ideology, and government for millenia, but technological interconnectedness really does open up a very wide range of new possibilities.

Interesting times, indeed.

The bolded part is exactly what the concept of Phyles deals with in Neal Stephensons novel The Diamond Age. Recommended reading if you're interested in that stuff - which you seem to be the way you wrote that post. This was originally one of the things which drew my attention to Bitcoin as I realized how Bitcoin can help facilitate the creation of such things as non-location-centric communities as you put it.

It's all bullshit. But bullshit makes the flowers grow and that's beautiful.
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