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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 1806877 times)
cypherdoc
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July 26, 2014, 09:50:50 PM
 #9901


so many good things in there:

"But, any such regulation, especially at the state level, must be narrow, targeted, apply intrastate only, extend only as far as the current financial system extends, and not unduly burden free speech (which includes the right to anonymous or pseudonymous speech)."
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July 27, 2014, 12:51:40 AM
 #9902


so many good things in there:

"But, any such regulation, especially at the state level, must be narrow, targeted, apply intrastate only, extend only as far as the current financial system extends, and not unduly burden free speech (which includes the right to anonymous or pseudonymous speech)."

That was excellent. Just one obvious typo that he may want to correct but I'm sure someone has pointed it out to him.
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July 27, 2014, 12:58:00 AM
 #9903


so many good things in there:

"But, any such regulation, especially at the state level, must be narrow, targeted, apply intrastate only, extend only as far as the current financial system extends, and not unduly burden free speech (which includes the right to anonymous or pseudonymous speech)."

That was excellent. Just one obvious typo that he may want to correct but I'm sure someone has pointed it out to him.

a few actually.  minor but still annoying for a lawyer.
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July 27, 2014, 01:14:23 AM
 #9904

weak sub 600 selling turns to buying...
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July 27, 2014, 06:04:03 AM
 #9905

Passed btc to another finance guys iPhone last night at a dinner table of 8. Even the wives got quiet when I did this for the men. Made a big impression and the skepticism is decreasing significantly amongst these people.

I also made the point that because I was using my vpn to connect with Sweden, that the btc were traveling 11000 mi before landing in his phone. It took 10 s. I only sent him 60c worth but emphasized there is no other payment services that could do that. His words were "that's amazing". So happy that Apple opened back up.

They call me Mr. Bitcoin Smiley

I could've sworn cypherdoc said exactly that a couple days ago, but I can't find the post.

what up?

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
tabnloz
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July 27, 2014, 06:25:58 AM
 #9906

Passed btc to another finance guys iPhone last night at a dinner table of 8. Even the wives got quiet when I did this for the men. Made a big impression and the skepticism is decreasing significantly amongst these people.

I also made the point that because I was using my vpn to connect with Sweden, that the btc were traveling 11000 mi before landing in his phone. It took 10 s. I only sent him 60c worth but emphasized there is no other payment services that could do that. His words were "that's amazing". So happy that Apple opened back up.

They call me Mr. Bitcoin Smiley

I could've sworn cypherdoc said exactly that a couple days ago, but I can't find the post.

what up?

No idea why, but this joker just reposts other peoples comments, often randomly.
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July 27, 2014, 06:28:26 AM
 #9907

Passed btc to another finance guys iPhone last night at a dinner table of 8. Even the wives got quiet when I did this for the men. Made a big impression and the skepticism is decreasing significantly amongst these people.

I also made the point that because I was using my vpn to connect with Sweden, that the btc were traveling 11000 mi before landing in his phone. It took 10 s. I only sent him 60c worth but emphasized there is no other payment services that could do that. His words were "that's amazing". So happy that Apple opened back up.

They call me Mr. Bitcoin Smiley

I could've sworn cypherdoc said exactly that a couple days ago, but I can't find the post.

what up?

See also https://bitcointalk.org/index.php?action=post;quote=8041556;topic=316297.560;num_replies=562;sesc=3a418417901454c555f07e239035491d
smoothie
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July 27, 2014, 06:57:03 AM
 #9908

Bitcoin dwarfs alts:



Currently yes it does given it has had much longer time in the crypto space than even Litecoin.

Perhaps a more fair scale is to compare the marketcap of Litecoin (or other alts) at the same age (months, days, years) as Bitcoin and see how they stand up against one another.

Not long ago Litecoin was at ~$1,000,000,000 and Bitcoin was at $12,000,000,000 market cap respectively.

In comparisons sometimes it is a good idea to compare them in a fair manner. This comparison is like comparing where Bill Gates' net worth is compared to a 18 year old bitcoin millionaire. The scale and measuring stick is obviously biased and uneven in comparison.

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Zarathustra
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July 27, 2014, 08:10:08 AM
 #9909

Bitcoin dwarfs alts:



Currently yes it does given it has had much longer time in the crypto space than even Litecoin.

Perhaps a more fair scale is to compare the marketcap of Litecoin (or other alts) at the same age (months, days, years) as Bitcoin and see how they stand up against one another.

Not long ago Litecoin was at ~$1,000,000,000 and Bitcoin was at $12,000,000,000 market cap respectively.

Yes, Bitcoin was 12 x Litecoin then. Now 30x.

"Staat nenne ich's, wo alle Gifttrinker sind, Gute und Schlimme: Staat, wo alle sich selber verlieren, Gute und Schlimme:
Staat, wo der langsame Selbstmord aller – »das Leben« heisst."
cypherdoc
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July 27, 2014, 10:52:31 PM
 #9910

“The people that have the bitcoin are the ones that can drive the price up, or drive it down, depending on what ups. Whereas gold, the people that have the gold are really at the mercy of politicians, financial institutions, London fixes that we really know nothing about. People that have gold really have no control over the direction that goes.”

Why Timothy Coles is Selling His $2 Million Gold Mine for Bitcoin

http://www.coindesk.com/timothy-coles-2-million-gold-mine-bitcoin/
cypherdoc
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July 28, 2014, 03:28:50 AM
 #9911

ghash down to 30%

cypherdoc
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July 28, 2014, 04:28:06 AM
 #9912

Irdial always good.

http://t.co/DTmEybxGzU
cypherdoc
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July 28, 2014, 05:09:02 AM
 #9913

more from Irdial. take heart:

http://irdial.com/blogdial/?m=201404
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July 28, 2014, 10:00:09 AM
 #9914

Every week we can see an increase in adoption in the business world, but the transactions are on the same level as one year ago.

https://blockchain.info/de/charts/n-transactions

How is this possible?

"Staat nenne ich's, wo alle Gifttrinker sind, Gute und Schlimme: Staat, wo alle sich selber verlieren, Gute und Schlimme:
Staat, wo der langsame Selbstmord aller – »das Leben« heisst."
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July 28, 2014, 10:14:53 AM
 #9915

Every week we can see an increase in adoption in the business world, but the transactions are on the same level as one year ago.

https://blockchain.info/de/charts/n-transactions

How is this possible?

Off chain activity is increasing whereby only settlement and clearing functions are done in the blockchain ... think Coinbase, how many actual TX do they do on the chain and how many internally?

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July 28, 2014, 12:25:25 PM
 #9916

Every week we can see an increase in adoption in the business world, but the transactions are on the same level as one year ago.

https://blockchain.info/de/charts/n-transactions

How is this possible?

Off chain activity is increasing whereby only settlement and clearing functions are done in the blockchain ... think Coinbase, how many actual TX do they do on the chain and how many internally?

Okay. Also interesting: Half of all transactions are 'my-wallet' transactions at blockchain.info

https://blockchain.info/de/charts/my-wallet-n-tx

"Staat nenne ich's, wo alle Gifttrinker sind, Gute und Schlimme: Staat, wo alle sich selber verlieren, Gute und Schlimme:
Staat, wo der langsame Selbstmord aller – »das Leben« heisst."
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July 28, 2014, 12:46:27 PM
 #9917

Every week we can see an increase in adoption in the business world, but the transactions are on the same level as one year ago.

https://blockchain.info/de/charts/n-transactions

How is this possible?

Off chain activity is increasing whereby only settlement and clearing functions are done in the blockchain ... think Coinbase, how many actual TX do they do on the chain and how many internally?

Okay. Also interesting: Half of all transactions are 'my-wallet' transactions at blockchain.info

https://blockchain.info/de/charts/my-wallet-n-tx


i agree with moa's point, and also add some things:

- there have been several other time periods of flat or negative growth in tx stats, especially after bubble peaks. for ex, july 2011-july 2012 shows a clear reduction in tx's/day. it could be cyclical, it could be noise.

- number of unique addresses used still growing....
https://blockchain.info/charts/n-unique-addresses?timespan=2year&showDataPoints=false&daysAverageString=7&show_header=true&scale=1
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July 28, 2014, 01:49:29 PM
 #9918

the only thing that can stop Bitcoin is a break in the protocol.  a fixed supply will always be in it's favor otherwise.
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July 28, 2014, 03:51:27 PM
 #9919

First time i've listened to this.  Stripe is looking at the same endgame i've been advocating since the beginning.  

he's essentially saying that Bitcoin will act as a world reserve currency at the lower layer that can uniquely extend across borders to accomplish settlement btwn nations.  the in country "gateways", as he calls them, will allow the interface btwn Bitcoin and fiat currency.  customers of those gateways will continue to transact in fiat and trusted entities will arise to help guarantee customer tx's.  in other words, pretty much the same system we have today except with a trustless immutable protocol layer that ties everything together, ie, a Bitcoin Standard.  have a listen:

http://www.youtube.com/watch?v=6qZwl7mukZ8
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July 28, 2014, 04:23:45 PM
 #9920

First time i've listened to this.  Stripe is looking at the same endgame i've been advocating since the beginning.  

he's essentially saying that Bitcoin will act as a world reserve currency at the lower layer that can uniquely extend across borders to accomplish settlement btwn nations.  the in country "gateways", as he calls them, will allow the interface btwn Bitcoin and fiat currency.  customers of those gateways will continue to transact in fiat and trusted entities will arise to help guarantee customer tx's.  in other words, pretty much the same system we have today except with a trustless immutable protocol layer that ties everything together, ie, a Bitcoin Standard.  have a listen:

http://www.youtube.com/watch?v=6qZwl7mukZ8

It should be noted that bitcoin will eventually obviate the need for all these "gateways" and fiat currencies. The Stripe guy just needs to take his argument to its logical conclusion: no middlemen.
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