cypherdoc (OP)
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February 08, 2015, 12:00:07 PM |
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Has Greece indeed lost everything, allowing it to be finally free to do anything?
When Greece loses everything, they lose it. |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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hdbuck
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February 08, 2015, 12:12:16 PM |
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What are the odds that this greek situation would start a bitcoin rally?
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explorer
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February 08, 2015, 12:51:08 PM |
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 It really is. ITs a lose - lose situation. Grexit = start of the disintegration of EZ. Debt forgiveness = disintegration of EUR. Either way, shit hits the fan. And the 80's Hair Bands play on 
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explorer
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February 08, 2015, 12:56:09 PM |
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What are the odds that this greek situation would start a bitcoin rally?
Kind of like Cyprus. If the timing is coincidental to a major rally, who's to say what comes first? Either will boost the other, I think. BTC gets major press as the EUR tanks, or EUR tanks as BTC takes off. 2015 is going to be a boiling year of change, any way you look at it. |
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Patel
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February 08, 2015, 03:45:33 PM |
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What are the odds that this greek situation would start a bitcoin rally?
Kind of like Cyprus. If the timing is coincidental to a major rally, who's to say what comes first? Either will boost the other, I think. BTC gets major press as the EUR tanks, or EUR tanks as BTC takes off. 2015 is going to be a boiling year of change, any way you look at it. Cyprus did not cause the April 2013 rally. I don't know why everyone thinks that... Also, Greece isn't going to impact bitcoins price. |
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thezerg
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February 08, 2015, 03:59:28 PM |
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Anyone in greece with money should be loading up on physical euro gold silver bitcoins. Bitcoins because they are easily hidden. In today's world without bank secrecy presumably greek govt could insist that foreign banks divulge its citizens holdings. Tax revenue is down; looks like ppl are deferring debt payments in favor of holding.
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bambou
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February 08, 2015, 05:20:11 PM |
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Anyone in greece with money should be loading up on physical euro gold silver bitcoins. Bitcoins because they are easily hidden. In today's world without bank secrecy presumably greek govt could insist that foreign banks divulge its citizens holdings. Tax revenue is down; looks like ppl are deferring debt payments in favor of holding.
lol wut? nah they better start stacking invest on can food and water.. |
Non inultus premor
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molecular
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February 08, 2015, 05:59:35 PM |
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Cyprus did not cause the April 2013 rally. I don't know why everyone thinks that... Also, Greece isn't going to impact bitcoins price.
correct. I keep pointing it out myself, but people don't listen to reason a lot these days. I don't know why everyone thinks that...
I do: people like a good simple story.There's a part of the brain that is responsible for making sense of everything (after the fact). It's a lazy bastard. I'm beginning to suspect human history looks a lot different from what is depicted in history books. Maybe we should start putting stuff into blockchains (or _the_ blockchain) so it can't be changed later... is that what factom is doing, btw? |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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justusranvier
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February 08, 2015, 06:02:40 PM |
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Cyprus did not cause the April 2013 rally. I don't know why everyone thinks that... Also, Greece isn't going to impact bitcoins price.
correct. I keep pointing it out myself, but people don't listen to reason a lot these days. Why do people call it an April rally? It started in January and ended in April. |
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solex
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100 satoshis -> ISO code
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February 08, 2015, 06:53:35 PM |
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Cyprus did not cause the April 2013 rally. I don't know why everyone thinks that... Also, Greece isn't going to impact bitcoins price.
correct. I keep pointing it out myself, but people don't listen to reason a lot these days. Why do people call it an April rally? It started in January and ended in April. People also blame MtGox for the crash from $266. Whereas gox went down afterwards, when it was about $125, and after their outage the price continued from that level. |
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hdbuck
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February 08, 2015, 06:57:56 PM |
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Cyprus did not cause the April 2013 rally. I don't know why everyone thinks that... Also, Greece isn't going to impact bitcoins price.
correct. I keep pointing it out myself, but people don't listen to reason a lot these days. Why do people call it an April rally? It started in January and ended in April. People also blame MtGox for the crash from $266. Whereas gox went down afterwards, when it was about $125, and after their outage the price continued from that level. Well i'd blame Mtgox for the 1250$ bubble. Both rise and crash. Besides, I agree that it is not cyprus itself that 'caused' the jan-april surge, but i figured it is the context that matters. Such econmical crisis should provide solid ground for the pumpers to get active behind the curtains.. |
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fordlincoln
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February 08, 2015, 07:44:43 PM |
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Cyprus did not cause the April 2013 rally. I don't know why everyone thinks that... Also, Greece isn't going to impact bitcoins price.
correct. I keep pointing it out myself, but people don't listen to reason a lot these days. I don't know why everyone thinks that...
I do: people like a good simple story.There's a part of the brain that is responsible for making sense of everything (after the fact). It's a lazy bastard. I'm beginning to suspect human history looks a lot different from what is depicted in history books. Maybe we should start putting stuff into blockchains (or _the_ blockchain) so it can't be changed later... is that what factom is doing, btw? yes factom is hashing for proof of existence using the blockchain |
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cypherdoc (OP)
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Activity: 1764
Merit: 1002
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February 08, 2015, 07:52:00 PM |
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Cyprus did not cause the April 2013 rally. I don't know why everyone thinks that... Also, Greece isn't going to impact bitcoins price.
correct. I keep pointing it out myself, but people don't listen to reason a lot these days. I don't know why everyone thinks that...
I do: people like a good simple story.There's a part of the brain that is responsible for making sense of everything (after the fact). It's a lazy bastard. I'm beginning to suspect human history looks a lot different from what is depicted in history books. Maybe we should start putting stuff into blockchains (or _the_ blockchain) so it can't be changed later... is that what factom is doing, btw? yes factom is hashing for proof of existence using the blockchain doesn't the initial insertion/verification of the factom data into the blockchain introduce a centralized, potentially corruptible, weak point in the system? |
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fordlincoln
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February 08, 2015, 08:00:16 PM |
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Cyprus did not cause the April 2013 rally. I don't know why everyone thinks that... Also, Greece isn't going to impact bitcoins price.
correct. I keep pointing it out myself, but people don't listen to reason a lot these days. I don't know why everyone thinks that...
I do: people like a good simple story.There's a part of the brain that is responsible for making sense of everything (after the fact). It's a lazy bastard. I'm beginning to suspect human history looks a lot different from what is depicted in history books. Maybe we should start putting stuff into blockchains (or _the_ blockchain) so it can't be changed later... is that what factom is doing, btw? yes factom is hashing for proof of existence using the blockchain doesn't the initial insertion/verification of the factom data into the blockchain introduce a centralized, potentially corruptible, weak point in the system? regarding the centralized, potentially corruptible, weak point in the system that inserting data into the blockchain presents- this is potentially true if we were to take raw data - however, Factom only inserts a hash into the blockchain, not the data itself. |
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explorer
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Activity: 2016
Merit: 1259
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February 08, 2015, 08:06:03 PM |
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What are the odds that this greek situation would start a bitcoin rally?
Kind of like Cyprus. If the timing is coincidental to a major rally, who's to say what comes first? Either will boost the other, I think. BTC gets major press as the EUR tanks, or EUR tanks as BTC takes off. 2015 is going to be a boiling year of change, any way you look at it. Cyprus did not cause the April 2013 rally. I don't know why everyone thinks that... Also, Greece isn't going to impact bitcoins price. Just noting that the timing of the PEAK was coincidental, and could build toward a similar outcome again. Anyone holding euros (IMO) aught to be gambling them soon on whatever they can, in Greece or anywhere else. Zero is coming for you... |
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cypherdoc (OP)
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Activity: 1764
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February 08, 2015, 08:06:22 PM |
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Cyprus did not cause the April 2013 rally. I don't know why everyone thinks that... Also, Greece isn't going to impact bitcoins price.
correct. I keep pointing it out myself, but people don't listen to reason a lot these days. I don't know why everyone thinks that...
I do: people like a good simple story.There's a part of the brain that is responsible for making sense of everything (after the fact). It's a lazy bastard. I'm beginning to suspect human history looks a lot different from what is depicted in history books. Maybe we should start putting stuff into blockchains (or _the_ blockchain) so it can't be changed later... is that what factom is doing, btw? yes factom is hashing for proof of existence using the blockchain doesn't the initial insertion/verification of the factom data into the blockchain introduce a centralized, potentially corruptible, weak point in the system? regarding the centralized, potentially corruptible, weak point in the system that inserting data into the blockchain presents- this is potentially true if we were to take raw data - however, Factom only inserts a hash into the blockchain, not the data itself. but the raw data from which the hash is derived can contain corruptible data. as an example; the mountains of mortgage loan docs. someone can insert a fraudulent doc stating your home reverts to them in 5 yrs w/o your knowledge. no one reads all these docs. this gets hashed and inserted to BC thus memorializing that fact. |
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Melbustus
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Activity: 1722
Merit: 1003
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February 08, 2015, 08:35:49 PM |
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Cyprus did not cause the April 2013 rally. I don't know why everyone thinks that... Also, Greece isn't going to impact bitcoins price.
correct. I keep pointing it out myself, but people don't listen to reason a lot these days. I don't know why everyone thinks that...
I do: people like a good simple story.There's a part of the brain that is responsible for making sense of everything (after the fact). It's a lazy bastard. I'm beginning to suspect human history looks a lot different from what is depicted in history books. Maybe we should start putting stuff into blockchains (or _the_ blockchain) so it can't be changed later... is that what factom is doing, btw? yes factom is hashing for proof of existence using the blockchain doesn't the initial insertion/verification of the factom data into the blockchain introduce a centralized, potentially corruptible, weak point in the system? regarding the centralized, potentially corruptible, weak point in the system that inserting data into the blockchain presents- this is potentially true if we were to take raw data - however, Factom only inserts a hash into the blockchain, not the data itself. but the raw data from which the hash is derived can contain corruptible data. as an example; the mountains of mortgage loan docs. someone can insert a fraudulent doc stating your home reverts to them in 5 yrs w/o your knowledge. no one reads all these docs. this gets hashed and inserted to BC thus memorializing that fact. Yes, the blockchain "proof" just proves that some statement existed at the time the transaction including that statement's digest appears in a block. So people can certainly insert whatever they want. If someone wants to claim they predicted the winner of the Superbowl in 2020, they could create a separate transaction for every team, stating that that team won, and then when 2020 rolls around, just point to the one that worked. Classic proof problem. Also, Blockchain proof isn't storage. I think some people are misunderstanding this at the moment. If you give a bunch of documents to Factom and they hash them into the blockchain, and then they lose the documents and you don't have a copy, the digest in the blockchain is completely useless since you have no document to verify the digest against. |
Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
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dillpicklechips
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February 08, 2015, 10:21:40 PM |
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someone can insert a fraudulent doc stating your home reverts to them in 5 yrs w/o your knowledge. no one reads all these docs. this gets hashed and inserted to BC thus memorializing that fact.
Both a fraudulent and honest document could exist in the blockchain and the fact that both are in blockchain proves without a doubt that the dishonest party is not making up lies now but in the past as well. |
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justusranvier
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February 08, 2015, 10:39:14 PM |
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smooth
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February 08, 2015, 10:45:52 PM |
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Coinbase, BitStamp, and Blockchain.info upgrade. These nodes provide a lot of the infrastructure for Bitcoin, so if they do not upgrade, Bitcoin New will be a lot less useful. However, these nodes are in it for profit, so they will tend to go where the money is. They cannot necessarily afford to wield the influence they might have at the risk of short-term losses. He's totally wrong about that. All three of those are startup companies that exist and are funded in order to achieve a large future payoff, generally at the explicit cost of short term losses. They will do what they feel provides the best long term payoff. Avoiding short term losses is relatively to entirely unimportant to them. That still may not be the choice of fork that he or you or I would prefer however. |
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