cypherdoc (OP)
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January 15, 2015, 02:31:14 AM |
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I've been gracious enough to share my insights over the last 4.5 years.
this is your problem right here. you crave admiration which is NOT forthcoming.
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marcus_of_augustus
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Eadem mutata resurgo
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January 15, 2015, 03:13:47 AM |
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And that assumes an honest market which now that Wall Street is involved is anybodies guess.
Wait, what?!? How is Wall Street involved in Bitcoin? They aren't but they are waiting/hoping with baited breath that it fails or gets hacked. Trouble is, the price right now is merely exposing fear and emotion while ignoring that it has not failed or been hacked. THAT is bad news for bears. We're very close to a major buying point. Leveraged longs are starting to build on Bitfinex. ... they're already here, they've been here since July last year. Nobody wants to hear it, Silbert was right they arrived 3-6 months after he said ... it's just that no-one likes the immediate result.
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cypherdoc (OP)
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January 15, 2015, 03:15:09 AM Last edit: January 15, 2015, 05:05:27 AM by cypherdoc |
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to the SC proponents who insist that the 2wp will equalize fiat exchange prices across SC's thru arbitrage.
just look at the $16ish spread btwn Bitfinex and the Chinese exchanges. and this is with open, relatively equally liquid exchanges that DON'T have a 2 day lock up. just imagine how volatile and disparate an illiquid, insecure SC can get with manipulation.
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solex
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100 satoshis -> ISO code
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January 15, 2015, 04:55:27 AM |
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Perhaps he should stick with "the real Bitcoin" from before the hard fork that created the 1 MB limit. Hilarious how many people defend the 1 MB limit without realizing that it wasn't part of the original release. That would be a great infographic - Satoshi's 1st code - Todays code with adds /deletes This video will give you some idea how much work has been done: https://www.youtube.com/watch?v=NFFyMmiOSi8
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tvbcof
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January 15, 2015, 05:32:40 AM |
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Bears insist on coughing up bitcoins. And tvbcof cheers. You're idiots.
The last thing I'm doing now at these prices is coughing up BTC. I might have finished off my early 2014 sales plan at that last $600 spikelett, but I didn't want to have my bank account shut down again. I'm not buying, but that's mainly because I still have as many in my stash(es) as I need. I'd consider buying again if not, but only after seeing some strong evidence that sidechains are on the way and that the Bitcoin Foundation bloatchain fork fails to materialize. I thought the fork was looking like it might happen a year ago and it was a big factor in my deciding to sell in the quantity that I did since it is likely to permanently damage Bitcoin.
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sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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cbeast
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Let's talk governance, lipstick, and pigs.
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January 15, 2015, 06:25:43 AM |
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Let's just stop calling it Bitcoin and really cause some cognitive dissonance.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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iCEBREAKER
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Crypto is the separation of Power and State.
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January 15, 2015, 08:23:37 AM |
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Let's just stop calling it Bitcoin and really cause some cognitive dissonance. If you liked Bitcoin you'll love Blockcoin. New & Improved with 100% more cryptolicious SideChains TM!!!
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██████████ ██████████████████ ██████████████████████ ██████████████████████████ ████████████████████████████ ██████████████████████████████ ████████████████████████████████ ████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ████████████████████████████████ ██████████████ ██████████████ ████████████████████████████ ██████████████████████████ ██████████████████████ ██████████████████ ██████████ Monero
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| "The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy." David Chaum 1996 "Fungibility provides privacy as a side effect." Adam Back 2014
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cbeast
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Let's talk governance, lipstick, and pigs.
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January 15, 2015, 08:40:56 AM |
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Let's just stop calling it Bitcoin and really cause some cognitive dissonance. If you liked Bitcoin you'll love Blockcoin. New & Improved with 100% more cryptolicious SideChains TM!!! No seriously. It's a brand thing. Corporations change names all the time. We can just say we are using different "apps" on the Satoshi Blockchain, but they are compatible with the 'old' Bitcoin that people used to use. You can do this overtly and then yes, you can say your client has more features, like counterparty, colored cloins, etc. Side Chains sold separately.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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BldSwtTrs
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January 15, 2015, 09:44:04 AM |
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So this is where the increase in number of tx/day comes from? Not very good indeed.
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Melbustus
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January 15, 2015, 09:51:25 AM |
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Sarutobi is ramping the volumes.... 30,000 transactions in one day! Looks to me like the transactions start 5 days ago: https://blockchain.info/address/3MXxfNZoifLYdS8wJTpvfeDNPt9ZWuMAaN?sort=1 Not exactly what is needed.
But what's the problem with introducing people to bitcoin via gaming microtransactions anyway?
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Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
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sickpig
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January 15, 2015, 09:52:31 AM |
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as peter todd already said: "Daily BTC tx volume will hit all time next monday, if someone gives me a few hundred dollars to pay fees."
i.e. tx volume metric alone means nothing
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Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
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BldSwtTrs
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January 15, 2015, 10:07:58 AM |
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But what's the problem with introducing people to bitcoin via gaming microtransactions anyway?
It would be better if the increase in transactions comes from remittances or merchant payments. But it's better than nothing I guess.
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solex
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100 satoshis -> ISO code
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January 15, 2015, 10:12:27 AM Last edit: January 15, 2015, 07:09:12 PM by solex |
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But what's the problem with introducing people to bitcoin via gaming microtransactions anyway?
It would be better if the increase in transactions comes from remittances or merchant payments. But it's better than nothing I guess. I'm more concerned about hitting the 1MB limit before there is a solution to it being rolled out. A game app would not have to be anywhere near as popular as angry birds to flood the blocks.
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cypherdoc (OP)
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January 15, 2015, 10:55:05 AM |
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Bears insist on coughing up bitcoins. And tvbcof cheers. You're idiots.
The last thing I'm doing now at these prices is coughing up BTC. I might have finished off my early 2014 sales plan at that last $600 spikelett, but I didn't want to have my bank account shut down again. I'm not buying, but that's mainly because I still have as many in my stash(es) as I need. I'd consider buying again if not, but only after seeing some strong evidence that sidechains are on the way and that the Bitcoin Foundation bloatchain fork fails to materialize. I thought the fork was looking like it might happen a year ago and it was a big factor in my deciding to sell in the quantity that I did since it is likely to permanently damage Bitcoin. There's a thread up top asking about who sold at160. You probably did, didn't you? Why? Because your rhetoric, negativity, and personal attacks have palpably picked up in intensity as the price dropped. I won't let anyone forget just how negative you've been over the last couple of weeks towards Bitcoin I'll tell you right now. All the things wrong about it. You'll never live it down.
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cypherdoc (OP)
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January 15, 2015, 11:00:53 AM |
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But what's the problem with introducing people to bitcoin via gaming microtransactions anyway?
It would be better if the increase in transactions comes from remittances or merchant payments. But it's better than nothing I guess. I'm more concerned about hitting the 1MB limit before there is a solution to it being rolled out. A game app would not have be anywhere near as popular as angry birds to flood the blocks. There's no doubt though that there is panic selling too as well. But even Sarotoubi serves a purpose to pay miners, get the word out, and probably most importantly pay miner fees. They need those to stay solvent and we want them to stay solvent to secure the network. And if it pushes the devs to increasing block size sooner, great.
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BldSwtTrs
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January 15, 2015, 11:05:27 AM |
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But what's the problem with introducing people to bitcoin via gaming microtransactions anyway?
It would be better if the increase in transactions comes from remittances or merchant payments. But it's better than nothing I guess. I'm more concerned about hitting the 1MB limit before there is a solution to it being rolled out. A game app would not have be anywhere near as popular as angry birds to flood the blocks. There's no doubt though that there is panic selling too as well. But even Sarotoubi serves a purpose to pay miners, get the word out, and probably most importantly pay miner fees. They need those to stay solvent and we want them to stay solvent to secure the network. And if it pushes the devs to increasing block size sooner, great. By the way what do you think about the political controversy around that block size increase? Mircea Popescu will do anything to screw the hard fork. This could end up being really messy.
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inca
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January 15, 2015, 11:07:23 AM |
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But what's the problem with introducing people to bitcoin via gaming microtransactions anyway?
It would be better if the increase in transactions comes from remittances or merchant payments. But it's better than nothing I guess. I'm more concerned about hitting the 1MB limit before there is a solution to it being rolled out. A game app would not have be anywhere near as popular as angry birds to flood the blocks. There's no doubt though that there is panic selling too as well. But even Sarotoubi serves a purpose to pay miners, get the word out, and probably most importantly pay miner fees. They need those to stay solvent and we want them to stay solvent to secure the network. And if it pushes the devs to increasing block size sooner, great. By the way what do you think about the political controversy around that block size increase? Mircea Popescu will do anything to screw the hard fork. This could end up being really messy. Storm in a teacup.
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iCEBREAKER
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Crypto is the separation of Power and State.
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January 15, 2015, 11:08:00 AM |
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So the petrodollar died in Nov, and nobody noticed, as "for the first time in almost two decades, energy-exporting countries would pull their "petrodollars" out of world markets in 2015." ( http://www.zerohedge.com/news/2015-01-14/russia-just-pulled-itself-out-petrodollar) How long until this impacts the USD index? Is gold going vertical this morning the first cloud of an oncoming storm, or will it take years for King Dollar's momentum to dissipate?
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██████████ ██████████████████ ██████████████████████ ██████████████████████████ ████████████████████████████ ██████████████████████████████ ████████████████████████████████ ████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ████████████████████████████████ ██████████████ ██████████████ ████████████████████████████ ██████████████████████████ ██████████████████████ ██████████████████ ██████████ Monero
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| "The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy." David Chaum 1996 "Fungibility provides privacy as a side effect." Adam Back 2014
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