Gold collapsing. Bitcoin UP.

[cypherdoc]

CAT doesn't look so good:



and like i said the other day, sub $50 oil here we are!:

[1714117748]

1714117748

[cypherdoc]

Dow -101

[cypherdoc]

funny as hell.  who dat?:

[iCEBREAKER]

hdbuck: So they need to have exactly what we have, including the socialism? (Pointing at Greece). And who should give them all that, you? No, let them trade freely, say I.

eh, utlimately i'd argue that Africans need to kick the "white man" out of their continent.
its been too long already they have been spoiled, killed and manipulated by the West/North.

Oh please spare us your anti-industrialist, neo-primitivist, affluent liberal guilt.

The Chinese, having no local version of White Man's Burden or liberal guilt, will make the Africans long for the days of semi-benevolent Christian colonial powers from Europe.

"What have the Romans ever done for us?"  

The shittiest, most hopeless parts of Africa are exactly the places which have kicked out the white man.  EG Liberia, Zimbabwe, etc.

[cypherdoc]

this really isn't good and is reason for us to want to increase the growth of new users by whatever means necessary:

Despite a decline of approximately 40% in bitcoin purchases, Connie Chung, senior payments product manager at Expedia, says the option to pay with the digital currency will remain as long as there is a demand for it.

Chung noted other merchants had been more affected by what she called a recent decline in bitcoin payments –  with some reporting a decrease of up to 90% at various industry events.

According to the report, the fundamental challenge facing bitcoin as a medium of exchange of legal goods continues to be low consumer adoption and a lack of advantages over credit and debit cards.

http://www.coindesk.com/expedia-exec-purchases-with-bitcoin-are-down-40/?utm_content=buffer59a4e&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

[unyeli]

hdbuck: So they need to have exactly what we have, including the socialism? (Pointing at Greece). And who should give them all that, you? No, let them trade freely, say I.

eh, utlimately i'd argue that Africans need to kick the "white man" out of their continent.
its been too long already they have been spoiled, killed and manipulated by the West/North.

Oh please spare us your anti-industrialist, neo-primitivist, affluent liberal guilt.

The Chinese, having no local version of White Man's Burden or liberal guilt, will make the Africans long for the days of semi-benevolent Christian colonial powers from Europe.

"What did the Romans ever done for us?"  

The shittiest, most hopeless parts of Africa are exactly the places which have kicked out the white man.  EG Liberia, Zimbabwe, etc.

good

[iCEBREAKER]

foreigners controls both the trade and the regulation.
remember they regulated the slave trade..

Nonsense, the slave trade was thriving between tribes (sub-Saharan African and northern/eastern Arabic) millennia before any Euros arrived.

As a matter of fact, it was the Christian Euros who eventually stopped thousands of years of slaving traditions.

I guess you think it was evil pasty-white French people that harnessed the manpower to build the pyramids...  

[hdbuck]

foreigners controls both the trade and the regulation.
remember they regulated the slave trade..

Nonsense, the slave trade was thriving between tribes (sub-Saharan African and northern/eastern Arabic) millennia before any Euros arrived.

As a matter of fact, it was the Christian Euros who eventually stopped thousands of years of slaving traditions.

I guess you think it was evil pasty-white French people that harnessed the manpower to build the pyramids...  

wtf?! being french i would not think so, but yea, whatever you think with your eloquent sociological bs.. like i'd give a dam.

edit: and oh i almost forgot.. africa needs messi (who needs 4 millions..)

http://prosoccertalk.nbcsports.com/2015/07/22/report-lionel-messi-paid-4-million-by-gabons-president-to-lay-one-brick/

XD

[bucktotal]

this really isn't good and is reason for us to want to increase the growth of new users by whatever means necessary:

Despite a decline of approximately 40% in bitcoin purchases, Connie Chung, senior payments product manager at Expedia, says the option to pay with the digital currency will remain as long as there is a demand for it.

Chung noted other merchants had been more affected by what she called a recent decline in bitcoin payments –  with some reporting a decrease of up to 90% at various industry events.

According to the report, the fundamental challenge facing bitcoin as a medium of exchange of legal goods continues to be low consumer adoption and a lack of advantages over credit and debit cards.

http://www.coindesk.com/expedia-exec-purchases-with-bitcoin-are-down-40/?utm_content=buffer59a4e&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

im just not too concerned about this one. pretty much everyone who has bought bitcoin over the past 2 yrs is even or under water. no point spending them at a loss. Also, the early adopters who could be spending their coins on hotels/etc. realize that "store of value" and "im not selling this low" are still valid reasons not to be spending them yet as well. im also spending my fiat more than bitcoins at the moment. if my net worth jumps another 5-10x, i'm sure i'll start spending them again.  its still a buy and hold imo

 

[cypherdoc]

this really isn't good and is reason for us to want to increase the growth of new users by whatever means necessary:

Despite a decline of approximately 40% in bitcoin purchases, Connie Chung, senior payments product manager at Expedia, says the option to pay with the digital currency will remain as long as there is a demand for it.

Chung noted other merchants had been more affected by what she called a recent decline in bitcoin payments –  with some reporting a decrease of up to 90% at various industry events.

According to the report, the fundamental challenge facing bitcoin as a medium of exchange of legal goods continues to be low consumer adoption and a lack of advantages over credit and debit cards.

http://www.coindesk.com/expedia-exec-purchases-with-bitcoin-are-down-40/?utm_content=buffer59a4e&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

im just not too concerned about this one. pretty much everyone who has bought bitcoin over the past 2 yrs is even or under water. no point spending them at a loss. Also, the early adopters who could be spending their coins on hotels/etc. realize that "store of value" and "im not selling this low" are still valid reasons not to be spending them yet as well. im also spending my fiat more than bitcoins at the moment. if my net worth jumps another 5-10x, i'm sure i'll start spending them again.  its still a buy and hold imo

 

you just want to make sure we're not getting into a contraction cycle that we can't pull out of.  i'd much rather see us with momentum in the other direction with increasing user base that would undoubtedly drive price.  i don't think there is any shame in wanting higher prices b/c if Bitcoin really is going to be moving around large values then the price needs to be higher so as not to produce too much volatility as $millions cross borders in single tx's for purchases of homes, cars, et. 

[brg444]

this really isn't good and is reason for us to want to increase the growth of new users by whatever means necessary:

Despite a decline of approximately 40% in bitcoin purchases, Connie Chung, senior payments product manager at Expedia, says the option to pay with the digital currency will remain as long as there is a demand for it.

Chung noted other merchants had been more affected by what she called a recent decline in bitcoin payments –  with some reporting a decrease of up to 90% at various industry events.

According to the report, the fundamental challenge facing bitcoin as a medium of exchange of legal goods continues to be low consumer adoption and a lack of advantages over credit and debit cards.

http://www.coindesk.com/expedia-exec-purchases-with-bitcoin-are-down-40/?utm_content=buffer59a4e&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

im just not too concerned about this one. pretty much everyone who has bought bitcoin over the past 2 yrs is even or under water. no point spending them at a loss. Also, the early adopters who could be spending their coins on hotels/etc. realize that "store of value" and "im not selling this low" are still valid reasons not to be spending them yet as well. im also spending my fiat more than bitcoins at the moment. if my net worth jumps another 5-10x, i'm sure i'll start spending them again.  its still a buy and hold imo

 

Merchant adoption could be non-existant for all I care. Total non-issue.

[iCEBREAKER]

Nonsense, the slave trade was thriving between tribes (sub-Saharan African and northern/eastern Arabic) millennia before any Euros arrived.

As a matter of fact, it was the Christian Euros who eventually stopped thousands of years of slaving traditions.

I guess you think it was evil pasty-white French people that harnessed the manpower to build the pyramids...  

wtf?! being french i would not think so, but yea, whatever you think with your eloquent sociological bs.. like i'd give a dam.

I know what I'm talking about; you do not.

The "sociological bs" here is entirely of your own creation:

foreigners controls both the trade and the regulation.
remember they regulated the slave trade..

You may form your own opinions, but not your own facts.


https://en.wikipedia.org/wiki/Slavery_in_Africa

[iCEBREAKER]

interesting.  looks like GavinMike are going to pull the trigger soon:

https://www.reddit.com/r/Bitcoin/comments/3e64dk/time_to_end_bitcoin_reliance_on_core_and_end_this/ctce5cu?context=3

^ Confirmed.

LOL, the Gavinistas are furiously scribbling their little manifesto.  This gonna be good.   

Exactly like the Peoples' Front of Judea (or was it the Judean Peoples' Front?)

"What have the core devs ever done for us?"

[Torque]

this really isn't good and is reason for us to want to increase the growth of new users by whatever means necessary:

Despite a decline of approximately 40% in bitcoin purchases, Connie Chung, senior payments product manager at Expedia, says the option to pay with the digital currency will remain as long as there is a demand for it.

Chung noted other merchants had been more affected by what she called a recent decline in bitcoin payments –  with some reporting a decrease of up to 90% at various industry events.

According to the report, the fundamental challenge facing bitcoin as a medium of exchange of legal goods continues to be low consumer adoption and a lack of advantages over credit and debit cards.[/b]

http://www.coindesk.com/expedia-exec-purchases-with-bitcoin-are-down-40/?utm_content=buffer59a4e&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Yeah, I like the way Expedia et al acknowledges this and yet still offers ZERO incentive (e.g., NO discounts) over using a credit card.  

Also from what I know, they still limit bitcoin to just hotel purchases???

[smooth]

you just want to make sure we're not getting into a contraction cycle that we can't pull out of.  i'd much rather see us with momentum in the other direction with increasing user base that would undoubtedly drive price.

The point is, there is no 'momentum' on transactional use. There is some use, but it is (and always has been) small and is declining (I haven't seen actual data but I would guess the decline is simply in line with the declining mania since the 2013 price peak). Maybe it will come, someday, but for now worrying about that or about people having a poor experience because their low fee zero conf transactions don't work very well is a complete waste of time.

[iCEBREAKER]

you just want to make sure we're not getting into a contraction cycle that we can't pull out of.  i'd much rather see us with momentum in the other direction with increasing user base that would undoubtedly drive price.

The point is, there is no 'momentum' on transactional use. There is some use, but it is (and always has been) small and declining (I haven't seen actual data but I would guess the decline is simply in line with the declining mania since the 2013 price peak). Maybe it will come, someday, but for now worrying about that or about people having a poor experience because their low fee zero cons transactions don't work very well is a complete waste of time.

Somehow, tx fees rising from 1/8 to 1/4 of a pittance is 'harmful to UX' but catastrophic consensus failure is not.

Mark my words, if Bitcoin's antifragility is overwhelmed by the chaos created by the Gavinista social-engineering putsch, the blame will rest solely upon Hearn, Gavin, and Frap.doc.

They will try to make it MPEX's fault, and the drooling Redditard mob will believe them, because they will be jealous of the profit made from shorting Gavincoins.

Not that I think it's likely.  Luckily, the Gavinista Manifesto is already being mocked and made the subject of ridicule.

If nothing else, poor orphaned BitcoinSX is poised to become a fertile new source of FAIL and REKT memes.   

[justusranvier]

"What have the core devs ever done for us?"

It doesn't matter.

At all.

This isn't academia - there is no tenure in Bitcoin.

Their position is contingent every single day on their continuing ability to produce new value.

They can choose to embrace that reality, or they can choose to pout about it. Bitcoin will be fine with or without them.

[cypherdoc]

"What have the core devs ever done for us?"

It doesn't matter.

At all.

This isn't academia - there is no tenure in Bitcoin.

Their position is contingent every single day on their continuing ability to produce new value.

They can choose to embrace that reality, or they can choose to pout about it. Bitcoin will be fine with or without them.

well put JR.  i hadn't even thought about it that way.

and what we absolutely don't want is core dev thinking that Bitcoin "owes them" something.

[brg444]

"What have the core devs ever done for us?"

It doesn't matter.

At all.

This isn't academia - there is no tenure in Bitcoin.

Their position is contingent every single day on their continuing ability to produce new value.

They can choose to embrace that reality, or they can choose to pout about it. Bitcoin will be fine with or without them.

well put JR.  i hadn't even thought about it that way.

and what we absolutely don't want is core dev thinking that Bitcoin "owes them" something.

you do know that also goes for Satoshi and Gavin ?

[cypherdoc]

"What have the core devs ever done for us?"

It doesn't matter.

At all.

This isn't academia - there is no tenure in Bitcoin.

Their position is contingent every single day on their continuing ability to produce new value.

They can choose to embrace that reality, or they can choose to pout about it. Bitcoin will be fine with or without them.

well put JR.  i hadn't even thought about it that way.

and what we absolutely don't want is core dev thinking that Bitcoin "owes them" something.

you do know that also goes for Satoshi and Gavin ?

yep.  which is why apparently Satoshi disappeared w/o wanting to remain at the helm and why Gavin is refusing to accept lead core dev responsibility for XT despite being accused endlessly of wanting to be a benevolent dictator.