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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1808267 times)
smoothie
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June 21, 2014, 09:37:44 PM
 #8841


gold collapsing, bitcoin up!




Quoted for reference in the future =).

BTW ...that is pretty funny. Thanks for the laugh. I just see that you are looking in the mirror when that troll face pops up...

Nothing like trolling yourself and not knowing it.  Grin

Not knowing it?  Just a day or two ago I declared that I was trolling this thread hard in part because I was and in part because Cypherdoc declared that the whole purpose of the thread was to troll gold bugs.  Fun for everyone.  I'm glad you had a laugh since that was the idea.

I actually created a sock-puppet called 'cyphercoc' and this was supposed to be it's avatar.  (Theymos welcomes such a thing BTW (or did) and I always make my it clear who my sock puppets are in post #1.)  Anyway, after dicking around for half an hour on the AG and this forum I found out that avatars are no longer functional.  Oh well.



To be perfectly honest from an outside perspective looking in, you appear butthurt. Why is that?  Tongue

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           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
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     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

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June 21, 2014, 10:15:37 PM
 #8842


To be perfectly honest from an outside perspective looking in, you appear butthurt. Why is that?  Tongue

I don't detect any butthurt about anything personally.  Maybe there is, but I don't detect it.  But as the question is phrased, it's a personal thing which you'll have to look within yourself to answer.

To double-up on this post, I would say that Cypherdoc could deserve a fairly high rank.  Indeed, he's kind of the General Boykin of Bitcoin in a lot of ways.


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June 21, 2014, 11:35:52 PM
 #8843


To be perfectly honest from an outside perspective looking in, you appear butthurt. Why is that?  Tongue

I don't detect any butthurt about anything personally.  Maybe there is, but I don't detect it.  But as the question is phrased, it's a personal thing which you'll have to look within yourself to answer.

To double-up on this post, I would say that Cypherdoc could deserve a fairly high rank.  Indeed, he's kind of the General Boykin of Bitcoin in a lot of ways.



 Roll Eyes My view still remains the same even after this ^ post.

███████████████████████████████████████

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    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
cypherdoc
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June 22, 2014, 03:31:40 AM
 #8844

Hey tvbcoc,

General Cypherdoc says:

Bitcoin UP.
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June 22, 2014, 04:55:14 AM
 #8845

Vitalik continues to go off the deep end to justify Ethereum's premine:

http://www.cryptocoinsnews.com/news/bitcoin-foundations-approach-threat-ghash-51-attack-recklessly-conservative-says-vitalik-buterin/2014/06/22
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June 22, 2014, 07:11:18 AM
 #8846

Hey tvbcoc,

General Cypherdoc says:

Bitcoin UP.

Ya, I hope it will happen in 2014 and I think that there is still some chance.  Already half way through the year and Bitcoin is still only at $600-ish.  Half a year is nothing for most investments, but crypto-currencies are so active that if we have to wait another few years for Bitcoin to recover a lot of other things could happen over that time period.


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June 22, 2014, 06:17:46 PM
 #8847


Yeesh. He's really taking advantage of the fear of GHash.io and the Bitcoin Foundation. Anything to preserve the precious premine.

To be fair, it's extremely rare for a person of his age to understand economics, even if they are geniuses in other areas. Not saying it can't be done, but it's rare. It's hard to see past the premine logic without some actual understanding of economics (I say "actual" because he seems to have studied economics, but economic thinking doesn't seem to come naturally to him).
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June 22, 2014, 06:33:43 PM
 #8848


Yeesh. He's really taking advantage of the fear of GHash.io and the Bitcoin Foundation. Anything to preserve the precious premine.

To be fair, it's extremely rare for a person of his age to understand economics, even if they are geniuses in other areas. Not saying it can't be done, but it's rare. It's hard to see past the premine logic without some actual understanding of economics (I say "actual" because he seems to have studied economics, but economic thinking doesn't seem to come naturally to him).

As Melbustus has said,  it's really a lack of experience
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June 22, 2014, 06:54:27 PM
 #8849

It's rare for people to go through a dozen years of public indoctrination camps and not end up with broken ideas regarding economics.
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June 22, 2014, 07:16:47 PM
 #8850

It's rare for people to go through a dozen years of public indoctrination camps and not end up with broken ideas regarding economics.

The principle is certainly not limited to economics of course.  A surprising number of those who've caused earthquakes in other areas have bypassed the formal and prescribed indoctrination segment of the step-ladder.  Snowden, Assange, and the OpenBSD guy come to mind.

Of course there is significant room for debate about whether bowing out of formal education and engaging later in unorthodox exploits have a cause/effect relationship or are more both expressions of a deeper mindset.  One way or another, it is almost certainly more safe to avoid these types of people for certain kinds of sensitive work.  They should be targeted for enhanced surveillance and I'm guessing that at this point they tend to be.  Perhaps later they'll hunted down and prophylactically neutralized by specially trained personnel in much the way that Orwell predicted.


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June 22, 2014, 08:08:19 PM
 #8851

It's rare for people to go through a dozen years of public indoctrination camps and not end up with broken ideas regarding economics.


Well... Janet Yellen and I had the same macro-economics professor in college, and look how we both came out. Smiley

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
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June 22, 2014, 08:23:21 PM
 #8852

Hey tvbcoc,

General Cypherdoc says:

Bitcoin UP.

Ya, I hope it will happen in 2014 and I think that there is still some chance.  Already half way through the year and Bitcoin is still only at $600-ish.  Half a year is nothing for most investments, but crypto-currencies are so active that if we have to wait another few years for Bitcoin to recover a lot of other things could happen over that time period.



tvbcoc dragged along kicking and screaming.
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June 22, 2014, 08:27:02 PM
 #8853

Hey tvbcoc,

General Cypherdoc says:

Bitcoin UP.

Ya, I hope it will happen in 2014 and I think that there is still some chance.  Already half way through the year and Bitcoin is still only at $600-ish.  Half a year is nothing for most investments, but crypto-currencies are so active that if we have to wait another few years for Bitcoin to recover a lot of other things could happen over that time period.


tvbcoc dragged along kicking and screaming.

Pleeeeease don't thrown my in dat der brier patch breh'r cyphercoc.


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June 22, 2014, 08:29:25 PM
 #8854

Hey tvbcoc,

General Cypherdoc says:

Bitcoin UP.

Ya, I hope it will happen in 2014 and I think that there is still some chance.  Already half way through the year and Bitcoin is still only at $600-ish.  Half a year is nothing for most investments, but crypto-currencies are so active that if we have to wait another few years for Bitcoin to recover a lot of other things could happen over that time period.


tvbcoc dragged along kicking and screaming.

Pleeeeease don't thrown my in dat der brier patch breh'r cyphercoc.



 Smiley
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June 22, 2014, 10:33:32 PM
 #8855

"I've been tracking Bitcoin since its inception, and my confidence has grown to the point where I'm now trading in a portion of my gold holdings for bitcoin, buying it and accepting bitcoin for the Abundance 360 CEO Summit."
- Peter H. Diamandis, https://plus.google.com/+PeterHDiamandis/posts/dWQFcpcws8V


(edit) Background:

https://twitter.com/PeterDiamandis/status/480839678237487104

http://en.wikipedia.org/wiki/Peter_Diamandis

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
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June 23, 2014, 12:27:08 AM
 #8856

"I've been tracking Bitcoin since its inception, and my confidence has grown to the point where I'm now trading in a portion of my gold holdings for bitcoin, buying it and accepting bitcoin for the Abundance 360 CEO Summit."
- Peter H. Diamandis, https://plus.google.com/+PeterHDiamandis/posts/dWQFcpcws8V


(edit) Background:

https://twitter.com/PeterDiamandis/status/480839678237487104

http://en.wikipedia.org/wiki/Peter_Diamandis
Big WOW what kind of people are interested on BTC

btw:
Peter,can you help out to Jeff with BitSat project?
http://www.bitcoinx.com/bitcoin-developer-jeff-garzik-talk-about-the-bitsat-orbiting-bitcoin-node/

Supporting people with beautiful creative ideas. Bitcoin is because of the developers,exchanges,merchants,miners,investors,users,machines and blockchain technologies work together.
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June 23, 2014, 04:20:59 PM
 #8857

It's rare for people to go through a dozen years of public indoctrination camps and not end up with broken ideas regarding economics.

The principle is certainly not limited to economics of course.

It's true. Economics is among the worst, simply because it directly affects politics so all the incentives are aligned toward pro-state economics. However, I've recently come to the conclusion that there is no field that escapes distortion under the public education model. It shouldn't really be a surprise that education, like everything else government does, is corrupted by money and status games.

Even though Kuhn wrote his book in 1962 about how it takes the old eminent scholars dying to move science forward, the overall lesson - that authority and consensus are worthless concepts in science - still hasn't been assimilated into modern thinking. The average person still parrots everything their textbook/professor says without questioning it. Or even if they question the facts, they never question the underlying frameworks... I'll let this quote from a facebook forum by "modern fyziks" explain it better:

Quote
Authority is so deeply ingrained in our psyches that its effects are extremely subtle. People think they are not submitting to authority if they question what the teacher tells them, but the real trick is far more insidious: there's an intellectual attitude the teacher has that the students fails to question, or even notice.

It's not so much only that you believe in black holes, but that you view them as something to believe or disbelieve in the first place. Not so much that you believe a geometric line is made of points, but that you let the constant equivocation among different definitions of "point" slide. It's not so much that you accept E=mc^2, but that you go along with the reification of the word "energy" in the theory without batting an eye.

Even the rebel cannot escape. They rebel against the church, but they never lose the religious thinking habits.

To escape authority-mired thinking is like peeling away the layers of an onion. First you stop believing in the facts the authority figure is claiming, and you fancy yourself a rebel. Next you reject their theories or school of thought, believing yourself now truly independent. Then you reject their entire endeavor as fundamentally broken and set out on your own, thinking yourself fully free from authority.

Eventually, if you're lucky, you shake that lingering habit that you learned from the top intellectual charlatans: that of being loose with definitions. Finally you see the authority bound up in how society treats words themselves, realize not to ask what a word means but instead how it could be usefully defined, stop trying to prove definitions, and maybe even embrace visual explanations when possible.

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June 24, 2014, 08:52:48 AM
 #8858

Gold spiking higher
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June 24, 2014, 10:12:57 AM
 #8859

not sure how they calculated this but here's your new talking point:

That is 5,000 times greater than the power of all of the world’s fastest 500 supercomputers combined.

http://www.economist.com/blogs/schumpeter/2014/06/bitcoin
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June 24, 2014, 12:06:53 PM
 #8860

not sure how they calculated this but here's your new talking point:

That is 5,000 times greater than the power of all of the world’s fastest 500 supercomputers combined.

http://www.economist.com/blogs/schumpeter/2014/06/bitcoin

Since they mention FLOPS, they presumably compared the mining power to the power if the supercomputers were used directly.  This isn't really a meaningful comparison anymore since we have ASICs, but the amount of hashing power present is still very astonishing in recent times.

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