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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1805896 times)
marcus_of_augustus
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July 15, 2014, 02:32:11 PM
 #9501

Timothy B. Lee is also having a hard time seeing the blockchain being used for smart contracts:

https://twitter.com/binarybits/status/489034866085093376

On this one I agree with him .. it will be on the Namecoin blockchain. It has more space and tools set-up to store title hashes already, also it is merged-mined with bitcoin so provides a similar level of hash-power security.

Smart contracts will be better performed by low computational cost transactional servers like openTXS servers, with linkages to hashes anchored in the namecoin blockchain.

None of this is new but people chose to listen to fairy tales instead of putting in the hard yards to understand.

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cypherdoc
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July 15, 2014, 02:38:23 PM
 #9502

Timothy B. Lee is also having a hard time seeing the blockchain being used for smart contracts:

https://twitter.com/binarybits/status/489034866085093376

On this one I agree with him .. it will be on the Namecoin blockchain. It has more space and tools set-up to store title hashes already, also it is merged-mined with bitcoin so provides a similar level of hash-power security.

Smart contracts will be better performed by low computational cost transactional servers like openTXS servers, with linkages to hashes anchored in the namecoin blockchain.

None of this is new but people chose to listen to fairy tales instead of putting in the hard yards to understand.

come on over, the discussion is continuing...
cypherdoc
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July 15, 2014, 02:51:50 PM
 #9503

Timothy B. Lee is also having a hard time seeing the blockchain being used for smart contracts:

https://twitter.com/binarybits/status/489034866085093376

On this one I agree with him .. it will be on the Namecoin blockchain. It has more space and tools set-up to store title hashes already, also it is merged-mined with bitcoin so provides a similar level of hash-power security.

Smart contracts will be better performed by low computational cost transactional servers like openTXS servers, with linkages to hashes anchored in the namecoin blockchain.

None of this is new but people chose to listen to fairy tales instead of putting in the hard yards to understand.

well then, you agree with me first:

"The blockchain may only ever be applicable to Bitcoin as Money"-cypherdoc
cypherdoc
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July 15, 2014, 03:04:57 PM
 #9504


you guys should take the time to read all the articles on this event.

Could it be the beginning of the end for the Keynesian Theory school of thought? After all, Krugman has been one of its major proponents over the years. Several mentions of the gold proponents arguments were put forward as ground for getting rid of Krugman.
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July 15, 2014, 03:14:30 PM
 #9505

Cameron is tweeting as if it's all but certain:

https://twitter.com/winklevoss/status/489060649838714881
marcus_of_augustus
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July 15, 2014, 03:15:54 PM
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you guys should take the time to read all the articles on this event.

Could it be the beginning of the end for the Keynesian Theory school of thought? After all, Krugman has been one of its major proponents over the years. Several mentions of the gold proponents arguments were put forward as ground for getting rid of Krugman.

Yep, the tide is definitely turning on the post-Keynesian madness. I think the killer blow was the now obvious realisation that the massive inflation has done nothing but increase the wealth disparity in society and make the economy perform worse. Both of these effects are symptoms also of communist centrally planned economies, surprise, surprise ... well not for some of us.

The bad actors and incompetent have been incentivised to keep on failing whilst productive, law-abiding savers have been disenfranchised and stolen from ... bailouts and inflation.

Krugman was not just an apologist for this criminal behaviour but a vociferous proponent and political activist in many ways. He should be indicted imho, leaving academia in disgrace is too good for him.

justusranvier
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July 15, 2014, 03:20:35 PM
 #9507

On this one I agree with him .. it will be on the Namecoin blockchain. It has more space and tools set-up to store title hashes already, also it is merged-mined with bitcoin so provides a similar level of hash-power security.
It would be nice if Namecoin wasn't quite so economically questionable. The biggest problem I see is that there is no price discovery for storage in the Namecoin blockchain (Bitcoin blockchain also has this problem).

Somebody ought to fix this someday.
Dragonkiller
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July 15, 2014, 03:27:02 PM
 #9508

Cameron is tweeting as if it's all but certain:

https://twitter.com/winklevoss/status/489060649838714881

It's a two week old video, the fact he's tweeting it now is a pretty big hint it's just around the corner  Shocked
wachtwoord
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July 15, 2014, 03:28:54 PM
 #9509

Cameron is tweeting as if it's all but certain:

https://twitter.com/winklevoss/status/489060649838714881

It's a two week old video, the fact he's tweeting it now is a pretty big hint it's just around the corner  Shocked

That would be rather .... fast. And a rather nice surprise.

Torque
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July 15, 2014, 03:35:21 PM
 #9510

The bad actors and incompetent have been incentivised to keep on failing whilst productive, law-abiding savers have been disenfranchised and stolen from ... bailouts and inflation.

Krugman was not just an apologist for this criminal behaviour but a vociferous proponent and political activist in many ways. He should be indicted imho, leaving academia in disgrace is too good for him.

Notice too the connection between Krugman and all those "bad actors" in our society who reap the benefits.  The mindset is exactly the same: Narcissist, big ego, too-big-to-fail, bullying, condescending, low EQ and no empathy, and eventually unmasked and dismissed for being incompetent.  There are not many differences between Krugman and many awful C-level executives that I've met in my day.
wachtwoord
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July 15, 2014, 03:43:21 PM
 #9511

Cameron is tweeting as if it's all but certain:

https://twitter.com/winklevoss/status/489060649838714881

It's a two week old video, the fact he's tweeting it now is a pretty big hint it's just around the corner  Shocked

That would be rather .... fast. And a rather nice surprise.

I AM READY!  Grin

yeah I saw, maybe just in time. Congrats Smiley

(Probably in time by a large margin though, let's not kid ourselves Wink)

cypherdoc
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July 15, 2014, 03:54:35 PM
 #9512

The bad actors and incompetent have been incentivised to keep on failing whilst productive, law-abiding savers have been disenfranchised and stolen from ... bailouts and inflation.

Krugman was not just an apologist for this criminal behaviour but a vociferous proponent and political activist in many ways. He should be indicted imho, leaving academia in disgrace is too good for him.

Notice too the connection between Krugman and all those "bad actors" in our society who reap the benefits.  The mindset is exactly the same: Narcissist, big ego, too-big-to-fail, bullying, condescending, low EQ and no empathy, and eventually unmasked and dismissed for being incompetent.  There are not many differences between Krugman and many awful C-level executives that I've met in my day.

great observation.
cypherdoc
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July 15, 2014, 03:56:44 PM
 #9513

Gold collapsing.  Bitcoin up.
cypherdoc
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July 15, 2014, 04:00:35 PM
 #9514

Gold and silver shorts back in the green.
cypherdoc
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July 15, 2014, 04:02:09 PM
 #9515

"Barclays: There has been no long-term shift in bearish sentiment"

“Overall, we believe that physical demand has remained short of expectations, the latest price increase having been driven largely by speculation,” wrote Eugen Weinberg, commodity strategist at Commerzbank in Frankfurt, in a note."

http://www.marketwatch.com/story/gold-slips-but-trend-still-points-higher-2014-07-14?mod=wsj_share_tweet

oh my, tradercj, oh my.

Bitcoin down, Mr. Shill.  Amazing how "people" like you can't seem to fathom a world where both Bitcoin and gold flourish.  No matter, more profits for me.  Thanks.

Oh, and since when does the Bitcoin community give two shits about journalists negging Bitcoin?  Same goes for PMs in my book.  Let them scream bloody murder, I'll be laughing.

you know, there's a reason why your name has a little "t".
cypherdoc
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July 15, 2014, 04:17:55 PM
 #9516

SLW fails to sustain the breakout attempt:

cypherdoc
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July 15, 2014, 04:48:52 PM
 #9517

In making its recommendations, the VCAT specifically addressed NIST's interactions with the National Security Agency (NSA). The report states, "NIST may seek the advice of the NSA on cryptographic matters but it must be in a position to assess it and reject it when warranted."

"The report also recommends that NIST review the current requirement for interaction with the NSA and recommends changes in instances where it "hinders [NIST's] ability to independently develop the best cryptographic standards."

"We will continue to work with the best cryptography experts in the world, both inside and outside of government," said May. "At the same time, we recognize and agree with the VCAT that NIST must strengthen its in-house cryptography capabilities to ensure we can reach independent conclusions about the merits of specific algorithms or standards."


http://www.nist.gov/public_affairs/releases/crypto-review-071414.cfm
cypherdoc
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July 15, 2014, 05:03:46 PM
 #9518

NSA Surveillance: Q&A with reporter Barton Gellman

http://live.washingtonpost.com/nsa-surveillance-bart-gellman.html#Other-countries
cypherdoc
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July 15, 2014, 05:07:05 PM
 #9519

Whitepaper for journalists:  Encryption Works: How to Protect Your Privacy in the Age of NSA Surveillance

http://live.washingtonpost.com/nsa-surveillance-bart-gellman.html#Other-countries
cypherdoc
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July 15, 2014, 05:36:01 PM
 #9520

"The common understanding is that the UK 'helps' Africa through aid, but in reality this serves as a smokescreen for the billions taken out," said Martin Drewry, director of Health Poverty Action, one of the NGOs behind the report. "Let's use more accurate language. It's sustained looting – the opposite of generous giving – and we should recognise that the City of London is at the heart of the global financial system that facilitates this."

http://www.theguardian.com/global-development/2014/jul/15/aid-africa-west-looting-continent?CMP=twt_gu
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