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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 1804587 times)
cypherdoc
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July 10, 2014, 09:59:04 PM
 #9381

whoops:

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July 10, 2014, 10:24:37 PM
 #9382

Hahaha
You might as well post ripple, ltc, dogecoin and all other crap exact BTC copies.  The reality is it's BTC vs everyone else.  Kinda like the dollar was after WWII.  All trade will go through BTC so NXT is really in competition with Alts not bitcoin and it's done pretty good so far there.
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July 10, 2014, 10:29:55 PM
 #9383

Hahaha
You might as well post ripple, ltc, dogecoin and all other crap exact BTC copies.  The reality is it's BTC vs everyone else.  Kinda like the dollar was after WWII.  All trade will go through BTC so NXT is really in competition with Alts not bitcoin and it's done pretty good so far there.

that's been my point all along but it doesn't hurt highlighting the individual pain.
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July 10, 2014, 10:35:25 PM
 #9384

"An Ad Campaign for Whistleblowers"

http://takingnote.blogs.nytimes.com/2014/07/09/an-ad-campaign-for-whistleblowers/?_php=true&_type=blogs&_r=0

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July 10, 2014, 10:45:41 PM
 #9385

"Are Uber and Lyft responsible for reducing DUIs?"

http://www.washingtonpost.com/blogs/wonkblog/wp/2014/07/10/are-uber-and-lyft-responsible-for-reducing-duis/

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July 10, 2014, 10:47:50 PM
 #9386

Love this thread.

As posted above...

http://nakamotoinstitute.org/mempool/speculative-attack/

Seems to be just around the corner...and they are beginning to see...

http://www.coindesk.com/argentinian-money-regulator-mandates-reporting-bitcoin-activity/
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July 10, 2014, 10:58:56 PM
 #9387

Love this thread.

As posted above...

http://nakamotoinstitute.org/mempool/speculative-attack/

Seems to be just around the corner...and they are beginning to see...

http://www.coindesk.com/argentinian-money-regulator-mandates-reporting-bitcoin-activity/

yeah, that last article just adds fuel to the fire.  personally, i'm sick and tired of all these pathetic central banks banning Bitcoin b/c of the 4 horsemen of child  porn, drugs and cartels, ML, and terrorism.  

excuse me, but give me one example please Mr. Central Bankster.  yes, Shrem and Ulbricht do NOT count.

other than that, they are just preventing their citizens from engaging in free private tx.
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July 10, 2014, 10:59:36 PM
 #9388

I wonder where we will be in a year from now.  Roll Eyes

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bitrider
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July 10, 2014, 11:10:24 PM
 #9389

I wonder where we will be in a year from now.  Roll Eyes

I thought you of all people would at least have a prediction for us!   Grin Grin
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July 10, 2014, 11:18:28 PM
 #9390

another billionaire joins Bitcoin.  isn't that 3 now?

http://bitcoinagile.com/1F1E8E/russian-jewish-billionaire-yuri-milner-loves-bitcoin
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July 11, 2014, 12:38:11 AM
 #9391

I wonder where we will be in a year from now.  Roll Eyes

I thought you of all people would at least have a prediction for us!   Grin Grin

Well I made mine know for this year. But next year....i'll make one when it is the right time.

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bitrider
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July 11, 2014, 01:34:30 AM
 #9392


other than that, they are just preventing their citizens from engaging in free private tx.

Yup. exactly.
leezay
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July 11, 2014, 01:40:01 AM
 #9393

I wonder where we will be in a year from now.  Roll Eyes

No one has a crystal ball. High price in bitcoin will invite more competition.
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July 11, 2014, 01:59:18 AM
 #9394

I wonder where we will be in a year from now.  Roll Eyes

No one has a crystal ball. High price in bitcoin will invite more competition.


Actually the competition is going on right now and the alts are losing. If bitcoin takes off to the upside alts are likely to die as everyone rushes to get on the Bitcoin train.
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July 11, 2014, 02:11:03 AM
 #9395

I wonder where we will be in a year from now.  Roll Eyes

No one has a crystal ball. High price in bitcoin will invite more competition.


Actually the competition is going on right now and the alts are losing. If bitcoin takes off to the upside alts are likely to die as everyone rushes to get on the Bitcoin train.

Well...not sure I agree they will "die" as in the way I would define it but price will fall yes.

Arbitrage will exist. As long as there is a price...people will trade it. You know me I'm a LTC supporter. I don't believe it is going away..but yes the price can go down.

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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
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July 11, 2014, 02:24:06 AM
 #9396

Well...not sure I agree they will "die" as in the way I would define it but price will fall yes.

Arbitrage will exist. As long as there is a price...people will trade it. You know me I'm a LTC supporter. I don't believe it is going away..but yes the price can go down.
Do standalone BBSs still exist these days?

Probably, but who cares? Their existence and importance is negligible.

The network effect means the market will always seek a single unit of account. It takes massive external interventions to thwart this process. Altcoins don't have armies and police forces attacking anyone who doesn't use them, so they will go the way of the dial up BBSs (or else, Bitcoin will fuck up massively and one of the altcoins will take its place, with Bitcoin fading to oblivion).
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July 11, 2014, 02:48:51 AM
 #9397

Total alt market-cap has pretty much always varied between 5%-10% of bitcoin's market-cap. There's some niche, insurance, and experimentation value in the alt-space, so alt-cap shouldn't be zero....Bitcoin an order of magnitude more important than all of them combined sounds about right, as reflected in the prices.

That being the case, new alts tend to just dilute other alts, not bitcoin. It's getting tougher and tougher to be litecoin.

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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July 11, 2014, 02:51:35 AM
 #9398

Well...not sure I agree they will "die" as in the way I would define it but price will fall yes.

Arbitrage will exist. As long as there is a price...people will trade it. You know me I'm a LTC supporter. I don't believe it is going away..but yes the price can go down.
Do standalone BBSs still exist these days?

Probably, but who cares? Their existence and importance is negligible.

The network effect means the market will always seek a single unit of account. It takes massive external interventions to thwart this process. Altcoins don't have armies and police forces attacking anyone who doesn't use them, so they will go the way of the dial up BBSs (or else, Bitcoin will fuck up massively and one of the altcoins will take its place, with Bitcoin fading to oblivion).

Are you presuming that I think an alt coin will over take bitcoin? My answer: No.

Bitcoin has the majority of the attention, capital, and user base of interested parties into cryptocurrency. That doesn't mean there won't be a few other alt chains that are used for speculators to arbitrage with.

I say it is better to have Bitcoin arbitraging with Litecoin than Bitcoin arbitraging with USD or other fiat as you can't instantly withdraw fiat as you can LTC. That is a risk management topic that I personally have used to avert the risk of having USD stuck in an exchange.

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July 11, 2014, 02:56:47 AM
 #9399

Total alt market-cap has pretty much always varied between 5%-10% of bitcoin's market-cap. There's some niche, insurance, and experimentation value in the alt-space, so alt-cap shouldn't be zero....Bitcoin an order of magnitude more important than all of them combined sounds about right, as reflected in the prices.

That being the case, new alts tend to just dilute other alts, not bitcoin. It's getting tougher and tougher to be litecoin.

Not sure if I agree with this as if bitcoin/fiat is used to buy other alts besides LTC then it is diluting Bitcoin as well as that money isn't going towards Bitcoin.

Bitcoin likely won't feel it as much as Litecoin but it does exist. To ignore it is to be in denial.

This next leg up for Bitcoin will crush alts but I suspect at some turning point the prices of alts will recover...eventually (at least ones with the bigger market caps).

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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
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July 11, 2014, 03:17:00 AM
 #9400

There's a difference between long term behaviour and short term behaviour. In the short term, altcoins will continue to be a thing.

I actually think Litecoin might have another leg up left in it (note that altcoin/BTC is the only ratio that matters):

http://www.cryptocoincharts.info/v2/pair/ltc/btc/btc-e/alltime

The reason I wouldn't be surprised by a bounce is because, unlike every other altcoin I've looked, the bid/ask ratio is actually favourable. Most altcoins have many times more asks than bids.
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