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News: BIP91 seems stable: there's probably only slightly increased risk of confirmations disappearing. You should still prepare for Aug 1.
 
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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 1941026 times)
cypherdoc
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May 27, 2014, 04:18:23 PM
 #8401

If there was any question that Vitalik Buterin  doesn't understand Bitcoin economics, here it is:

The reason why having a fixed never-growing supply is undesirable is obvious: it encourages wealth concentration and creates a static community of holders without an effective way for new people to get in, and it means that the coin has no way to incentive any specific kind of activity in the long term.

http://blog.ethereum.org/2014/05/24/on-long-term-cryptocurrency-distribution-models/

Kinda sad really.  

FTFY.

no, Bitcoin is not just about understanding the technical aspects which he clearly does.

it's about understanding Bitcoin as a whole; the technical aspects plus the economic incentives involved.  if he fails to understand either one of those, he fails to understand Bitcoin.
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cypherdoc
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May 27, 2014, 04:19:19 PM
 #8402

breaking support like this on high volume is NOT good, Teebone:

Zangelbert Bingledack
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May 27, 2014, 04:26:48 PM
 #8403

no, Bitcoin is not just about understanding the technical aspects which he clearly does.

it's about understanding Bitcoin as a whole; the technical aspects plus the economic incentives involved.  if he fails to understand either one of those, he fails to understand Bitcoin.

Absolutely agree. I meant he doesn't (even) understand economics, which is a prerequisite for really understanding Bitcoin.
cypherdoc
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May 27, 2014, 04:29:25 PM
 #8404

remember i warned about market leader SLW?  well, down the chute we go!

cypherdoc
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May 27, 2014, 04:31:39 PM
 #8405

we all like things to go up so i thought i'd throw this one in there:  BREAKOUT

cypherdoc
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May 27, 2014, 04:39:15 PM
 #8406

oh Lordy:



cypherdoc
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May 27, 2014, 04:50:32 PM
 #8407

Peter Schiff is probably selling his gold as fast as he can for Bitcoin.
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May 27, 2014, 04:51:12 PM
 #8408

Namecoin isn't a monetary coin.

LMAO for non-monetary coins.

namecoin is useful as it allows a decentralized censorship resistant DNS .bit domains

its a cool alt coin thats been out for a long time.

I wouldn't speculate on namecoin, but i can see myself possibly buying a few to get a .bit domain



I'm bullish, but not in the short term. If the gov restricts internet acces even more, .bit will take of!

Searching for a trusted escrow service? Check my trust. I use a Trezor device for my escrow services, so your coins are safe. Fee: 0.5% or 0.05 BTC, whichever is lower
I support the largest public transparent p2p ledger Bitcoin (16TwXyEmpz7xKHbyVufZECXGFmUH9wHUyW) and the best private fungible digital cash Monero (dnaleor.weuse.cash)
Cetere mi opinias ke Dasho estas detruenda.     |     1Credit - Fair emission, better than BTC > CLCqECaYpCahgKRsXJiVBzgsiz57ZHfr4u
cypherdoc
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May 27, 2014, 04:53:00 PM
 #8409

Namecoin isn't a monetary coin.

LMAO for non-monetary coins.

namecoin is useful as it allows a decentralized censorship resistant DNS .bit domains

its a cool alt coin thats been out for a long time.

I wouldn't speculate on namecoin, but i can see myself possibly buying a few to get a .bit domain



I'm bullish, but not in the short term. If the gov restricts internet acces even more, .bit will take of!

i actually like Namecoin.  the ICANN decision is bullish.

i'd buy some if i could figure out how to download their wallet!
molecular
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May 27, 2014, 04:53:36 PM
 #8410

Namecoin isn't a monetary coin.

LMAO for non-monetary coins.

namecoin is useful as it allows a decentralized censorship resistant DNS .bit domains

its a cool alt coin thats been out for a long time.

I wouldn't speculate on namecoin, but i can see myself possibly buying a few to get a .bit domain



actually namecoin is interesting from a theoretical perspective. Because it clearly has "intrinsic value" (by most definitions) separate from the monetary aspect (as opposed to bitcoin where the intrinsic value is not that apparent and intertwined with its use for transactional purposes) and makes the regression theorem work without having to bend it. This should appeal to gold-bugs and austrians for these reasons. The fact the gold-bugs are not jumping on NMC in hoardes tells me the whole "intrinsic value" argument is flawed.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
Adrian-x
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May 27, 2014, 05:04:03 PM
 #8411

Namecoin isn't a monetary coin.

LMAO for non-monetary coins.

namecoin is useful as it allows a decentralized censorship resistant DNS .bit domains

its a cool alt coin thats been out for a long time.

I wouldn't speculate on namecoin, but i can see myself possibly buying a few to get a .bit domain



I'm bullish, but not in the short term. If the gov restricts internet acces even more, .bit will take of!

i actually like Namecoin.  the ICANN decision is bullish.

i'd buy some if i could figure out how to download their wallet!

It's just like the old BitcoinQT,

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
cypherdoc
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May 27, 2014, 05:07:10 PM
 #8412

Namecoin isn't a monetary coin.

LMAO for non-monetary coins.

namecoin is useful as it allows a decentralized censorship resistant DNS .bit domains

its a cool alt coin thats been out for a long time.

I wouldn't speculate on namecoin, but i can see myself possibly buying a few to get a .bit domain



I'm bullish, but not in the short term. If the gov restricts internet acces even more, .bit will take of!

i actually like Namecoin.  the ICANN decision is bullish.

i'd buy some if i could figure out how to download their wallet!

It's just like the old BitcoinQT,

is this their official download site and where are the signed files?

http://namecoin.info/?p=download
Zangelbert Bingledack
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May 27, 2014, 05:11:45 PM
 #8413

i actually like Namecoin.  the ICANN decision is bullish.

i'd buy some if i could figure out how to download their wallet!

You don't need a wallet, just a private key and address. There are generators for just about every altcoin floating around.
chriswilmer
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May 27, 2014, 05:30:45 PM
 #8414

no, Bitcoin is not just about understanding the technical aspects which he clearly does.

it's about understanding Bitcoin as a whole; the technical aspects plus the economic incentives involved.  if he fails to understand either one of those, he fails to understand Bitcoin.

Absolutely agree. I meant he doesn't (even) understand economics, which is a prerequisite for really understanding Bitcoin.

So glad to see you posting again Zangelbert! This is a bullish sign Smiley
Adrian-x
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May 27, 2014, 05:41:39 PM
 #8415

Namecoin isn't a monetary coin.

LMAO for non-monetary coins.

namecoin is useful as it allows a decentralized censorship resistant DNS .bit domains

its a cool alt coin thats been out for a long time.

I wouldn't speculate on namecoin, but i can see myself possibly buying a few to get a .bit domain



I'm bullish, but not in the short term. If the gov restricts internet acces even more, .bit will take of!

i actually like Namecoin.  the ICANN decision is bullish.

i'd buy some if i could figure out how to download their wallet!

It's just like the old BitcoinQT,

is this their official download site and where are the signed files?

http://namecoin.info/?p=download

I've been using this guide
https://bitcointalk.org/index.php?topic=236375.0

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
Peter R
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May 27, 2014, 06:26:32 PM
 #8416

no, Bitcoin is not just about understanding the technical aspects which he clearly does.

it's about understanding Bitcoin as a whole; the technical aspects plus the economic incentives involved.  if he fails to understand either one of those, he fails to understand Bitcoin.

Absolutely agree. I meant he doesn't (even) understand economics, which is a prerequisite for really understanding Bitcoin.

So glad to see you posting again Zangelbert! This is a bullish sign Smiley

Indeed.  I noticed Holliday made a cameo appearance yesterday too.  Two of my favourite posters. 

Run Bitcoin Unlimited (www.bitcoinunlimited.info)
cypherdoc
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May 27, 2014, 07:20:21 PM
 #8417

Namecoin isn't a monetary coin.

LMAO for non-monetary coins.

namecoin is useful as it allows a decentralized censorship resistant DNS .bit domains

its a cool alt coin thats been out for a long time.

I wouldn't speculate on namecoin, but i can see myself possibly buying a few to get a .bit domain



I'm bullish, but not in the short term. If the gov restricts internet acces even more, .bit will take of!

i actually like Namecoin.  the ICANN decision is bullish.

i'd buy some if i could figure out how to download their wallet!

It's just like the old BitcoinQT,

is this their official download site and where are the signed files?

http://namecoin.info/?p=download

I've been using this guide
https://bitcointalk.org/index.php?topic=236375.0

thx. merge mining set up.
Adrian-x
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May 27, 2014, 07:44:28 PM
 #8418

thx. merge mining set up.
Good move, although very slow this winter it was mining for me at about the same volume as bitcoin,  Sad

While Namecoin was conceived a bit early, (new ideas have solved similar problems more effectively) its still around and seems to be moving forward.  On the up side, there is a good chance it will be integrated with Open-Transactions, for all those cool 2.0 Bitcoin type services, solving the P2P trust of individual identity in a decentralized and trust free way.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
justusranvier
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May 27, 2014, 09:04:42 PM
 #8419

On the up side, there is a good chance it will be integrated with Open-Transactions, for all those cool 2.0 Bitcoin type services, solving the P2P trust of individual identity in a decentralized and trust free way.
Monetas just hired two Go programmers to work on adding features to btcd.

What if they used those coders also to fork btcd and modify it to into nmcd - a Go implementation of Namecoin?
Adrian-x
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May 27, 2014, 09:57:35 PM
 #8420

On the up side, there is a good chance it will be integrated with Open-Transactions, for all those cool 2.0 Bitcoin type services, solving the P2P trust of individual identity in a decentralized and trust free way.
Monetas just hired two Go programmers to work on adding features to btcd.

What if they used those coders also to fork btcd and modify it to into nmcd - a Go implementation of Namecoin?

Sounds good, I'd say it makes investing in NMC a more risky, I think Namecoin's value is in the merged mining and the total hashrate, i haven't been flowing btcd much, do you think it could fly as an alt?

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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