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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?
1.  yes
2.  no

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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2032135 times)
cypherdoc (OP)
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February 20, 2013, 04:19:37 PM
 #4261

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):

Bitcoin:  +448%

Gold:  -7%

silverbox in big trouble:

GPL:  -32% silverbox long


Diff:  +455% advantage Bitcoin and growing
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conspirosphere.tk
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February 20, 2013, 04:28:02 PM
 #4262

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):
...
Diff: +455% advantage Bitcoin and growing

So, anyone here sold gold for BTC in the 1st quarter 2012? (or before)?
cypherdoc (OP)
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February 20, 2013, 04:53:36 PM
 #4263

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):
...
Diff: +455% advantage Bitcoin and growing

So, anyone here sold gold for BTC in the 1st quarter 2012? (or before)?

cypherdoc (OP)
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February 20, 2013, 05:06:03 PM
 #4264

iz it tim yet?

miscreanity
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February 20, 2013, 05:48:17 PM
 #4265

iz it tim yet?

Tim to BUY!

If it weren't for Bitcoin and increasing counter-party risk in traditional equities, I'd be buying again.
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February 20, 2013, 05:59:37 PM
 #4266

iz it tim yet?

Tim to BUY!

If it weren't for Bitcoin and increasing counter-party risk in traditional equities, I'd be buying again.

excuzes, excuzes.  Wink
cypherdoc (OP)
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February 20, 2013, 07:20:31 PM
 #4267

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):

Bitcoin:  +449%

Gold:  -8%

silverbox in big trouble:

GPL:  -33% silverbox long


Diff:  +457% advantage Bitcoin and growing
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February 20, 2013, 07:36:55 PM
 #4268

Gold is heading for a large correction. A death cross just happened today with the 50- and 200-day moving averages. Expect around another 10% drop from here.
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February 20, 2013, 07:38:33 PM
Last edit: February 20, 2013, 07:57:23 PM by cypherdoc
 #4269

Gold is heading for a large correction. A death cross just happened today with the 50- and 200-day moving averages. Expect around another 10% drop from here.

actually that death cross happened on 2/15.

edit:  on the EMA's
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February 20, 2013, 07:44:58 PM
 #4270

Gold collapsing; Bitcoin UP.
cypherdoc (OP)
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February 21, 2013, 07:13:58 PM
 #4271

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):

Bitcoin:  +454%

Gold:  -7%

silverbox in big trouble:

GPL:  -33% silverbox long


Diff:  +461% advantage Bitcoin and growing
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February 21, 2013, 07:26:59 PM
 #4272

Western Union turning down again.  I'm short:

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February 21, 2013, 09:52:50 PM
 #4273

That yellow, shiny, bitcoin wannabe. For inflation hedge, you cannot trust that compact little bugger. Its to volatile. It must be those gigantic, cheap, new excavators.
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February 22, 2013, 07:16:46 AM
 #4274

That yellow, shiny, bitcoin wannabe. For inflation hedge, you cannot trust that compact little bugger. Its to volatile. It must be those gigantic, cheap, new excavators.
Cheesy
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February 22, 2013, 03:03:40 PM
 #4275

Gold collapsing; Bitcoin UP.
cypherdoc (OP)
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February 22, 2013, 03:35:29 PM
 #4276

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):

Bitcoin:  +476%

Gold:  -7%

silverbox in big trouble:

GPL:  -33% silverbox long


Diff:  +483% advantage Bitcoin and growing
paraipan
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February 22, 2013, 03:36:52 PM
 #4277

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):

Bitcoin:  +476%

Gold:  -7%

silverbox in big trouble:

GPL:  -33% silverbox long


Diff:  +483% advantage Bitcoin and growing

 Shocked

BTCitcoin: An Idea Worth Saving - Q&A with bitcoins on rugatu.com - Check my rep
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February 22, 2013, 09:54:07 PM
 #4278


Trouble in paradise, mi amigos.

The 1MB block size limit is completely incompatible with the dream of BTC being used by everyone for everything.  Many people seem glued to that fantasy and it colors their vision of the future of Bitcoin.

For my part I was aware of this issue but I was not technically clued in enough to realize the nature of the mechanics involved to change the blocksize.  Since I've always felt that the biggest chance of Bitcoin failure was indeed associated with increased growth, I am delighted by this hicup.  But that's just me.

I make this post because it illustrates the kinds of things that are likely to crop up with a new technology.  Especially one which the core developers continue to classify as 'experimental'.  This will almost certainly not be the last such event (unless it results in an implosion of Bitcoin generally which I currently doubt.)

To the extent that I am taking a victory lap, this is because it illustrates why I choose to continue to label my Bitcoin holding as a highly speculative adventure and balance my diversification accordingly.  PM's also are in a bit of a state of flux due to the increased influence of derivatives, but at the end of the day a chunk of physical gold is a very well understood thing.


sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
wareen
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February 22, 2013, 10:04:40 PM
 #4279

The 1MB block size limit is completely incompatible with the dream of BTC being used by everyone for everything.  Many people seem glued to that fantasy and it colors their vision of the future of Bitcoin.
This is absolutely no problem. Once transaction replacement gets enabled again, we can do most transactions outside the blockchain without any security loss and with the added benefit of instant settlement and much higher anonymity.

There are other solutions to this "problem" as well; the Bitcoin protocol is much more versatile as the way we are using it today might imply. If you really think this is a show stopper then I suggest you delve a bit deeper into the Bitcoin protocol.

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molecular
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February 22, 2013, 10:17:57 PM
 #4280


Trouble in paradise, mi amigos.

The 1MB block size limit is completely incompatible with the dream of BTC being used by everyone for everything.  Many people seem glued to that fantasy and it colors their vision of the future of Bitcoin.


Ripple to the rescue!

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
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