Bitcoin Forum
December 11, 2016, 10:21:41 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Poll
Question: Will you support Gavin's new block size limit hard fork of 8MB by January 1, 2016 then doubling every 2 years?
1.  yes
2.  no

Pages: « 1 ... 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 [474] 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 ... 1560 »
  Print  
Author Topic: Gold collapsing. Bitcoin UP.  (Read 1808607 times)
kodtycoon
Hero Member
*****
Offline Offline

Activity: 770


View Profile
July 13, 2014, 02:52:19 AM
 #9461

If I had to put a pulse on where the Bitcoin market and ecosystem is in comparison to the Internet...I'd say we are in 1995.

i think every big bitcoin speaker has said that atleast 3 times in the last four months.. zzzzz

"Pioneering a revolutionary novel consensus mechanism called proof of importance."
1481451701
Hero Member
*
Offline Offline

Posts: 1481451701

View Profile Personal Message (Offline)

Ignore
1481451701
Reply with quote  #2

1481451701
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481451701
Hero Member
*
Offline Offline

Posts: 1481451701

View Profile Personal Message (Offline)

Ignore
1481451701
Reply with quote  #2

1481451701
Report to moderator
1481451701
Hero Member
*
Offline Offline

Posts: 1481451701

View Profile Personal Message (Offline)

Ignore
1481451701
Reply with quote  #2

1481451701
Report to moderator
smoothie
Legendary
*
Offline Offline

Activity: 1848


LEALANA Monero Physical Silver Coins


View Profile
July 13, 2014, 03:00:25 AM
 #9462

If I had to put a pulse on where the Bitcoin market and ecosystem is in comparison to the Internet...I'd say we are in 1995.

i think every big bitcoin speaker has said that atleast 3 times in the last four months.. zzzzz

And I have heard 0 say that as I haven't been listening to "big bitcoin speakers".

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

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    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.
 
tvbcof
Legendary
*
Offline Offline

Activity: 1988


View Profile
July 13, 2014, 04:41:39 AM
 #9463

Hey tv,

One of the State's finest (her ex) is setting up a Bitcoin fund! What a hoot!

http://www.zerohedge.com/news/2014-07-12/wtf-headline-day-blythe-masters-ex-husband-launches-offshored-bitcoin-hedge-fund

So what?  Bitcoin has a fantastic potential to make people ton of money.  Lots of smart and well connected people are in it.

If this guy makes money through manipulation, he will certainly be in good company in Bitcoinland.  If he suckers people into naked or fractional games, shame on them.  Unlike PM's there is no reason at all not to 'take delivery'.

Blythe herself has been one of my dearest unknown friends when I was building a position in physical PM's.  It was simply dumb-luck timing that I happened to be wishing to build when she was especially active in depressing the PM prices (so the theory goes anyway.)  If she and her type are active when I wish to draw down I'm sure I'll feel differently about it.

If Mr. Masters manages to manipulate the markets, it is most likely that he'll take them up since there is only $650-ish on the down side that he'd be able to achieve.  So he can knock himself out if he's a big enough man to pull it off.  I'll wager that he's going to have serious competition in his sphere of brinksmanship.


Peter R
Legendary
*
Offline Offline

Activity: 938



View Profile
July 13, 2014, 05:01:36 AM
 #9464

Can you believe this idiocy coming from Realcoins and possibly Brock himself?

@NickSzabo4 @cypherdoc2 @roasbeef Actually, we think #stability is more important than security. Check out our dollar-backed blockchain!


https://twitter.com/RealCoins/status/488120162781237248
PAAAAAHAHA

such a goon.

no problem atall if our coins get stolen or blockchain falls apart, as long as it stays stable when it happens. l

like i always say, id rather someone steal my coins than have unstable ones.

Actually stability is not a prerequisite but a consequence of worldwide adoption [which will only materialize with security of course]

edit: forgot to put /sarc. Wink

 agree with you though.

i was calling peirce a goon. not the cypherdoc. Smiley


It's a spoof twitter account:



Run Bitcoin Unlimited (www.bitcoinunlimited.info)
Peter R
Legendary
*
Offline Offline

Activity: 938



View Profile
July 13, 2014, 05:04:09 AM
 #9465

Lol, it's actually pretty funny.  They just released their paper wallets:


Run Bitcoin Unlimited (www.bitcoinunlimited.info)
molecular
Donator
Legendary
*
Offline Offline

Activity: 2142



View Profile
July 13, 2014, 09:30:17 AM
 #9466

Lol, it's actually pretty funny.  They just released their paper wallets:



puahahahaaaa. That whole thing is priceless. Remember Max Keiser suggesting (I sincerely hope he was trolling) to peg BTC to the US Dollar?

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
July 13, 2014, 12:13:22 PM
 #9467

Lol, it's actually pretty funny.  They just released their paper wallets:



Haha, nice catch
flynn
Sr. Member
****
Offline Offline

Activity: 464



View Profile
July 13, 2014, 12:20:55 PM
 #9468

Lol, it's actually pretty funny.  They just released their paper wallets:



awesome

intentionally left blank
kodtycoon
Hero Member
*****
Offline Offline

Activity: 770


View Profile
July 13, 2014, 12:40:29 PM
 #9469

If I had to put a pulse on where the Bitcoin market and ecosystem is in comparison to the Internet...I'd say we are in 1995.

i think every big bitcoin speaker has said that atleast 3 times in the last four months.. zzzzz

And I have heard 0 say that as I haven't been listening to "big bitcoin speakers".
it's not just bitcoin speakers but VC'S, angel investors, numerous articles, blogs  etc etc.

"Pioneering a revolutionary novel consensus mechanism called proof of importance."
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
July 13, 2014, 04:08:37 PM
 #9470

https://twitter.com/cypherdoc2/status/488350828575858688
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
July 13, 2014, 04:42:29 PM
 #9471

Here's an interesting post by Fred Wilson today. He's finally getting it. You may wonder why I'm saying that as he's been pretty vocal in supporting Bitcoin. The reality from my perspective is that despite that, he's been relatively shy in directly investing in Bitcoin as evidenced by some of his posts. So today's post is a hint that he may be doing more, plus he brings up some good perspective overall on what's happening with the internet and Bitcoin:

But maybe most importantly, we are investing in bitcoin and the blockchain, which is the foundation for truly distributed peer to peer marketplaces without the Internet middleman.


http://avc.com/2014/07/platform-monopolies/

I think he's saying he's investing in the Bitcoin unit itself, which is a strategy I've advocated for since the beginning. and even if he's not,imo, when investing in companies you open yourself up to greater risk AND the vagaries of owner manipulation or corruption. not to mention intervention by authorities. Even Krawicz mentions the limited upside in Bitcoin businesses. By investing in the unit itself, you're backing the fundamental impartial peer to peer network which is backed by the strength of the miners and the broader community. You might argue, "but what about the early adopters? aren't they in control and will manipulate Bitcoin itself?" Answer: no. They are not in control, as decisions are made by consensus and only with broad community support. Core devs are not even in charge as their source of legitimacy was inherited from Satoshi. And as far as I can tell, they have minimal positions in Bitcoin. Then what about Satoshi himself? Is he still in control? No,I think he has bowed out permanently and sees the big picture of what he's created. I think he will be satisfied with having changed the world forever. Even if he sells, so what; he deserves it and it wouldn't probably happen until we're at 10000 or more.

As I've said, Satoshi has set an almost impossible standard to meet in the cryptocurrency space; one that altcoins, alt platforms, and Bitcoin businesses alike will be hard pressed to mimic or sell to investors. That's not saying that many are making it happen now, that's for sure. But it will be interesting to see what happens to all these platforms and altcoins long term if the price starts to climb once again to significantly higher highs. Or in the real long run if Bitcoin can act as a world reserve currency.
Spaceman_Spiff
Legendary
*
Offline Offline

Activity: 1400



View Profile
July 13, 2014, 06:05:08 PM
 #9472


That's hilarious  Grin .
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
July 13, 2014, 06:10:37 PM
 #9473


ok, who's behind this? Care to spill the beans?  Wink
Dragonkiller
Sr. Member
****
Offline Offline

Activity: 350


View Profile
July 13, 2014, 07:51:19 PM
 #9474


ok, who's behind this? Care to spill the beans?  Wink

Karp Markeles.
Melbustus
Legendary
*
Offline Offline

Activity: 1554



View Profile
July 13, 2014, 08:31:52 PM
 #9475

Here's an interesting post by Fred Wilson today. He's finally getting it. You may wonder why I'm saying that as he's been pretty vocal in supporting Bitcoin. The reality from my perspective is that despite that, he's been relatively shy in directly investing in Bitcoin as evidenced by some of his posts. So today's post is a hint that he may be doing more, plus he brings up some good perspective overall on what's happening with the internet and Bitcoin:

But maybe most importantly, we are investing in bitcoin and the blockchain, which is the foundation for truly distributed peer to peer marketplaces without the Internet middleman.


http://avc.com/2014/07/platform-monopolies/

I think he's saying he's investing in the Bitcoin unit itself, which is a strategy I've advocated for since the beginning. and even if he's not,imo, when investing in companies you open yourself up to greater risk AND the vagaries of owner manipulation or corruption. not to mention intervention by authorities. Even Krawicz mentions the limited upside in Bitcoin businesses. By investing in the unit itself, you're backing the fundamental impartial peer to peer network which is backed by the strength of the miners and the broader community. You might argue, "but what about the early adopters? aren't they in control and will manipulate Bitcoin itself?" Answer: no. They are not in control, as decisions are made by consensus and only with broad community support. Core devs are not even in charge as their source of legitimacy was inherited from Satoshi. And as far as I can tell, they have minimal positions in Bitcoin. Then what about Satoshi himself? Is he still in control? No,I think he has bowed out permanently and sees the big picture of what he's created. I think he will be satisfied with having changed the world forever. Even if he sells, so what; he deserves it and it wouldn't probably happen until we're at 10000 or more.

As I've said, Satoshi has set an almost impossible standard to meet in the cryptocurrency space; one that altcoins, alt platforms, and Bitcoin businesses alike will be hard pressed to mimic or sell to investors. That's not saying that many are making it happen now, that's for sure. But it will be interesting to see what happens to all these platforms and altcoins long term if the price starts to climb once again to significantly higher highs. Or in the real long run if Bitcoin can act as a world reserve currency.



Other relevant quotes from that piece:

Quote from: "Fred Wilson'
...
From laughable toys to dominant monopolies in less than a decade.

... We invest in networks that can emerge as dominant platforms by virtue of network effects. We like things that are laughed at. The more they are derided, the more we want to invest.
...
So, as an investor, when you see a dominant market power emerge, you should start asking yourself “what will undo that market power?” And you should start investing in that. We’ve begun doing that, but are not anywhere near done with this effort.


Sounds like he's really seeing bitcoin as the "next internet" so to speak. And I assume that, on some level, he sees control of some bitcoin-the-unit as an opportunity to use space/resources on that next network.

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
Melbustus
Legendary
*
Offline Offline

Activity: 1554



View Profile
July 13, 2014, 08:47:01 PM
 #9476


ok, who's behind this? Care to spill the beans?  Wink


Well, the author does indeed read this thread: http://realcoin.io/hi-guys.html

sha256("Gold collapsing. Bitcoin UP.");

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
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
July 14, 2014, 10:14:20 AM
 #9477

Gold down.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
July 14, 2014, 10:26:22 AM
 #9478

This should drive the gold bugs crazy,

http://mobile.businessweek.com/news/2014-07-13/goldman-stays-gold-bear-as-bullish-wagers-increase-commodities

I'm no fan is Goldman, that's for sure, but I do agree with them.  Wow, 1040 by the end of year.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
July 14, 2014, 01:21:24 PM
 #9479

Gold collapsing:  -2.54%, -$33.39
wobber
Legendary
*
Offline Offline

Activity: 1050


View Profile
July 14, 2014, 01:23:09 PM
 #9480

Gold collapsing:  -2.54%, -$33.39

Amazing! How low do you think it will go? What about silver?

If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
Pages: « 1 ... 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 [474] 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 ... 1560 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!