Gold collapsing. Bitcoin UP.

[justusranvier]

So they were lying?

I'm shocked.

[cypherdoc]

Dawn raid RPG incoming.

Sidechains ... coming up next!! exciting times!

http://www.coindesk.com/blockstream-open-source-code-sidechains/

Open source, "nothing up my sleeve", genuine article, don't settle for fake 'solutions' (xt) with hidden agendas.

We won't need tptb to continue the trainwreck from here, the SC buzz will send frappe.doc over the edge.
 
Looking forward to a 'Monero'-like ring signature sidechain and Lightning network sidechain as first working demonstrations for the force of the distributed sidechain solution of self-similar networks operating concomitantly at multiple scales transferring value effortlessly up and down the wealth cascade.

Good job Blockstream Boys!

The World According To Frap.Doc:

-Gold is DOOOMED, because Bitcoin
-Monero is DOOMED, because Bitcoin
-Bitcoin is DOOOMED, because sidechains
-Bitcoin is DOOOMED, because 1MB


 
 

in the end, Bitcoin with larger blocks is what will win.  sidechains will die and take Blockstream with it.

[marcus_of_augustus]

"The project has been heralded as a potential solution to bitcoin's perceived scalability issues for its attempt to enable experimentation on bitcoin's code."

This was the reporter's quote. Your willingness to attribute words to mouths as and when it suits your agenda is particularly disturbing for a man sworn to the Hippocratic Oath.

[marcus_of_augustus]

in the end, Bitcoin with larger blocks is what will win.  sidechains will die and take Blockstream with it.
   

bitcoin will get larger blocks, just not now, "not tonight dear" ... sidechains are inevitable because they are a logical evolution of the technology (if you study self-similar network properties arising from the emergent behaviours due to self-interested individual elements you will know this), with or without blockstream (i'm picking with at this point in time).

[cypherdoc]

"The project has been heralded as a potential solution to bitcoin's perceived scalability issues for its attempt to enable experimentation on bitcoin's code."

This was the reporter's quote. Your willingness to attribute words to mouths as and when it suits your agenda is particularly disturbing for a man sworn to the Hippocratic Oath.

stop with the toxic bullshit marcus.  this has nothing to do with the Hippocratic Oath as much as you'd like to twist it to be.

what's more serious is are you accusing the reporter of being inaccurate?  on what basis?

[av123]

in the end, Bitcoin with larger blocks is what will win.  sidechains will die and take Blockstream with it.

Why are you so sure?

[tvbcof]

...
At the end game, TPTB push all their zombies that use Coinbase, Circle, Paypal, Facebook, etc into a pegged side chain which is a centralized ledger with world bank control over the debasement rate. MP's defense plan is destroyed by the pegging.
...

Bitcoin as a backing for sidechains is eminently compatible with Bitcoin as MP's personal wealth playground.

I dunno if MP is a fraction of the Mr. Big that he and his minions proclaim but I suspect there is at least something to the assertion.  Certainly they are active and certainly they are among the most technically competent and economically literate of the ecosystem participants.

Last time I was paying much attention (early 2015 iirc) MP's seemed fairly allergic to the idea of the masses benefiting by Bitcoin and to the extent that they might by using a Bitcoin-backed sidechain and he seemed to have some resistance for that reason.  I wrote it off to his psychological need to broadly advertise himself as the worlds biggest prick.  I suspect that this need will take a second seat to his recognition that sidechains working as advertised give him vastly more power than vanilla Bitcoin alone.  One way or another, Hearn's fork is a genuine threat to him (and humanity) and something worth fighting off with as much energy, cost, and collateral damage as necessary.

[marcus_of_augustus]

Moar SideChains buzz! ... sounds like some homomorphic encryption ideas (blinded transaction amounts with verifiable crypto proofs) have been implemented in Elements .. wowsers. This is innovation.

https://s3-us-west-1.amazonaws.com/blkstrm/video/elements-gmaxwell.mp4

[iCEBREAKER]

Good job Blockstream Boys!

The World According To Frap.Doc:

-Gold is DOOOMED, because Bitcoin
-Monero is DOOMED, because Bitcoin
-Bitcoin is DOOOMED, because sidechains
-Bitcoin is DOOOMED, because 1MB

in the end, Bitcoin with larger blocks is what will win.  sidechains will die and take Blockstream with it.

According to MPEX, who has veto power in the form of his GavinCoin short, "Bitcoin with larger blocks" is not Bitcoin.

With sidechains now live on testnet, XT ain't gonna happen.  Support for larger blocks among the redditards will taper off as they are distracted by Blockstream's shiny new Thing, especially if the price begins to recover upward momentum.

We will see if your prediction that quasi-permanent 1MB blocks and sidechains will DOOOM BTC turns out to be true, because that's the path we're going down.  Good thing I have silver and XMR hedges in place to compensate for such a scenario.

[TPTB_need_war]

...
At the end game, TPTB push all their zombies that use Coinbase, Circle, Paypal, Facebook, etc into a pegged side chain which is a centralized ledger with world bank control over the debasement rate. MP's defense plan is destroyed by the pegging.
...

Bitcoin as a backing for sidechains is eminently compatible with Bitcoin as MP's personal wealth playground.

So you are implicitly asserting he will agree to lose the decentralized, pseudonymous characteristic of Bitcoin? Because once the masses are on a pegged side chain with mandatory KYC, the miniscule minority Core chain can be 50% attacked to force it to have the KYC attribute (which means it is also effectively centralized).

Come on now, haven't you seen where this has all been headed?

MP may be a disinformation agent too. Anything is possible. His public role is the Hegelian dialectic employed by TPTB.

[cypherdoc]

Moar SideChains buzz! ... sounds like some homomorphic encryption ideas (blinded transaction amounts with verifiable crypto proofs) have been implemented in Elements .. wowsers. This is innovation.

https://s3-us-west-1.amazonaws.com/blkstrm/video/elements-gmaxwell.mp4

should we be concerned?  not that i don't trust you or anything  

[cypherdoc]

Good job Blockstream Boys!

The World According To Frap.Doc:

-Gold is DOOOMED, because Bitcoin
-Monero is DOOMED, because Bitcoin
-Bitcoin is DOOOMED, because sidechains
-Bitcoin is DOOOMED, because 1MB

in the end, Bitcoin with larger blocks is what will win.  sidechains will die and take Blockstream with it.

According to MPEX, who has veto power in the form of his GavinCoin short, "Bitcoin with larger blocks" is not Bitcoin.

With sidechains now live on testnet, XT ain't gonna happen.  Support for larger blocks among the redditards will taper off as they are distracted by Blockstream's shiny new Thing, especially if the price begins to recover upward momentum.

We will see if your prediction that quasi-permanent 1MB blocks and sidechains will DOOOM BTC turns out to be true, because that's the path we're going down.  Good thing I have silver and XMR hedges in place to compensate for such a scenario.

there are those of us who can do anything MPEX can do.

maybe more. 

[iCEBREAKER]

in the end, Bitcoin with larger blocks is what will win.  sidechains will die and take Blockstream with it.
   

bitcoin will get larger blocks, just not now, "not tonight dear" ... sidechains are inevitable because they are a logical evolution of the technology

Good one MOA.   



Adam Back is the real Doctor of Cyphers.  And Nick Szabo has forgotten more about tech, gold, and economics than OP will ever learn.

OP is just a "Faster, please" gadfly opinionating from the code-free comfort of his armchair.

Not that there's anything wrong with that.   

[TPTB_need_war]

Or they buy the pegged side chain version, because unlike other pegged side chains which can't resist 50% attack, such a side chain could survive alongside the cabal NWO side chain. However they may not be inclined to invest in the pegged side chain version of such a coin design, because they lose the upside ROI of such a novel design.

Blockstream is killing altcoin economics, because Bitcoin users will be inclined to prefer the pegged side chain version over the altcoin so they don't have to deal with volatility in their Bitcoin unit-of-account.

However, if there are out-of-band applications of the altcoin which refuse BTC for ideological reasons (knowing that the ultimate outcome of Bitcoin is to move all zombie masses onto a centralized ledger KYC pegged side chain), then those users who want that out-of-band application will not invest in the pegged side chain version and instead will invest in the altcoin.

The point is that users who want anonymity will congregate away from Bitcoin. But Monero can be 50% attacked and it lacks this out-of-band application I have in mind (and couldn't support it without changes to the mining algorithm). If there is a pegged side chain with all of Monero's attributes, then I no longer need to hold XMR and instead will be holding BTC in addition to my coin.

I made an entire thread on this out-of-band application, but readers appear to be oblivious.

Monero folk will tell you we need more anonymity.  ...  that's enough anonymity for the ordinary user not doing anything wrong.

That is not enough anonymity for those with wealth who will be expropriated by the coming global contagion collapse of socialism. And that is key point! You've entirely missed the boat on this one. You are siding with the zombie masses who will vote for expropriation and unwittingly their own collapse.

So at this time it's Bitcoin hat has the most utility, alts aren't a threat, there will be hacks that can leverage that network, there will be investment opportunities and price growth in alts but for now as I see it

Until there is something that Bitcoin can't do and where BTC is not accepted because Bitcoin is a sly, imminent KYC expropriation paradigm. So now you know how such a coin will be marketed. Prepare your counter-arguments.

[TPTB_need_war]

did you choose to ignore the comment TPTB_need_war made to me immediately after you doxxed me yesterday?  about coming up to my town and starting a physical fight?

I knew he was preparing a case against me.

What I wrote is I'd like for you to do some sport with me. Comparing the talent of your claimed black belt to my hobbiest messing around with boxing. I specifically wrote "for sport of course" and "inside the ring" meaning an agreed upon match.

Because you are one of those guys who brags about things but I'd like to see if you can actually put up when I shut you up. You backed away from the challenge as the weasel coward you appear to be. Why are you bragging about being a black belt on your bio if don't like a sport challenge? If you are truly a black belt, then you should be able to destroy a boxer. You see, I think all those titles are bullshit. There is a big difference between talents of people who claim be a "black belt". And I think you can be smothered and overpowered easily because you look feminine in your photo and you act feminine in your postings.

I also said that I grew up in and around your town. So isn't just "your town".

And if you've been put at risk of physical harm because some people who were defrauded by HashFast would like to break your legs (I wasn't one of their victims), then whose fault is that? Surely you are smart enough to have deduced the risks of what you were promoting at great 3000 BTC profit to yourself.

[marcus_of_augustus]

If it is any consolation the boys wanting to play with their big blocks XT toy will be able to run it as a Sidechain, in a sandbox, keeping the mess to a minimum. And we can all learn valuable things for when bigger blocks make sense.

[TPTB_need_war]

OTOH, this could be as well achieved by adding PM in your portfolio. But that's not our subject.

Surely you recognize the great disadvantages of gold as I explained upthread? No one could refute my question about who they will sell their gold to when all the gold dealers have been shut down as they are now in France, and recently extending to Belgium, etc..

There is no economy-of-scale in trading gold. But crypto trades at a distance and (not for Bitcoin) anonymously, thus economies-of-scale are easily attained.

It is no contest. Gold is dead forever. Fuhgeddaboudit.

FWIW, I agree that anonymity can be achieved -under certain circumstances- with BTC but, let me add, this is possible also by using almost any means of transaction. If one wants to be anonymous, he will do what's necessary to achieve so.

When the mining refuses transactions without KYC, then you will not be anonymous in Bitcoin. I have already explained how this will come about over time.

You are digging your expropriation grave with Bitcoin.

[TPTB_need_war]

It means I don't like wasting my time with an inane bankruptcy case and I have a friend who incidentally does have a lot of heart for the case helping me out by proxying my seat.

I read TPTB_need_war's comment, and it sounded like an invitation for a literal spar in a ring. The observation that you're letting the comment hang over your head the way you are, is indicative of something...

you are incredibly self serving.  who here wants to be fully doxxed by another on an internet forum?  please chime in to support vokain on this matter and please provide your full identity as proof of your support.

You started it! You demanded to know my name, accusing me of me being Armstrong (when you know damn well I am not, this was a sly ploy of yours to build a case against me), etc.. You even printed my name in your post and demanded I confirm it. That was before vokain said anything.

And you wonder why people would like to kick your a$$.

thanks for giving all of us an idea into your sense of respect for other's privacy.

to clarify, he asked me, not you

The audacity you have.

Now you throw your toys because you can't control them.

And you play the sympathy card. You are so damn predictable. Manipulative control freak.

[greenlion]

Dawn raid RPG incoming.

Sidechains ... coming up next!! exciting times!

http://www.coindesk.com/blockstream-open-source-code-sidechains/

Open source, "nothing up my sleeve", genuine article, don't settle for fake 'solutions' (xt) with hidden agendas.

We won't need tptb to continue the trainwreck from here, the SC buzz will send frappe.doc over the edge.
 
Looking forward to a 'Monero'-like ring signature sidechain and Lightning network sidechain as first working demonstrations for the force of the distributed sidechain solution of self-similar networks operating concomitantly at multiple scales transferring value effortlessly up and down the wealth cascade.

The two-way peg requires a soft-fork, and unless some significant rework of the idea has happened that I'm not aware of, the current prototypes perform the peg with federated servers.

It's entirely possible within the current development environment for any of a number of devs to prevent this from ever happening indefinitely.

Also, the only reason you would need a Lightning network sidechain is if the softfork opcode changes Lightning requires never make it into Core, which is the exact same political situation as getting a two-way peg in the first place.

[TPTB_need_war]

The two-way peg requires a soft-fork, and unless some significant rework of the idea has happened that I'm not aware of, the current prototypes perform the peg with federated servers.

It's entirely possible within the current development environment for any of a number of devs to prevent this from ever happening indefinitely.

Also, the only reason you would need a Lightning network sidechain is if the softfork opcode changes Lightning requires never make it into Core, which is the exact same political situation as getting a two-way peg in the first place.

This is a key point on my todo research list. Federated servers don't work? Or wouldn't be trusted by the market?