Gold collapsing. Bitcoin UP.

[tvbcof]

But as a self admitted socialist, not only do you expect gov't intervention, you want it.

You are a failed clairvoyant.

[justusranvier]

But as a self admitted socialist, not only do you expect gov't intervention, you want it.

I've always envisioned tvbcof as the embodiment of the unprincipled, amoral pragmatism of the Baby Boomers, with the single redeeming quality of being notably more honest than most of them.

I really got that impression in some thread where the topic came up of the monstrous blight upon the planet the US empire has become, and tbconf's response was like, "meh, the other guys would have been worse."

[tvbcof]

But as a self admitted socialist, not only do you expect gov't intervention, you want it.

I've always envisioned tvbcof as the embodiment of the unprincipled, amoral pragmatism of the Baby Boomers, with the single redeeming quality of being notably more honest than most of them.

Actually, I actively cultivate such thought patterns.  It helps me understand the environments inhabited and to some degree created by those who have a meaningful impact on us.

I really got that impression in some thread where the topic came up of the monstrous blight upon the planet the US empire has become, and tbconf's response was like, "meh, the other guys would have been worse."

Guilty (of pragmatism) as charged (by cypherdoc and many others.)  It doesn't mean that I don't wish to and occasionally succeed in making concrete steps toward influencing an improvement in things.  Usually I'm to lazy though.

In my mind it is actually a pretty significant failing both intellectually and functionally to be and absolutist/fundamentalist.  I hold absolutists in contempt in the same way absolutists hold relativists like me in contempt.  This does not mean that I completely lack respect for their contributions in various spheres of course.  It's not uncommon that I do, and try to be quick to point them out when I see them.

[cypherdoc]

This is big. Stocks coming to US markets soon:

http://www.coindesk.com/digitalbtc-makes-history-australian-stock-market-debut/

[tvbcof]

This is big. Stocks coming to US markets soon:

http://www.coindesk.com/digitalbtc-makes-history-australian-stock-market-debut/

Wha-hoo!  The pinnacle of success is Bitcoin amalgamating into the US Stock market.  Not an opportunistic bone in ol' Cypherdoc's body of course.

[cypherdoc]

This is big. Stocks coming to US markets soon:

http://www.coindesk.com/digitalbtc-makes-history-australian-stock-market-debut/

Wha-hoo!  The pinnacle of success is Bitcoin amalgamating into the US Stock market.  Not an opportunistic bone in ol' Cypherdoc's body of course.

Free markets at work, baby.

None of this socialist bs.

[tvbcof]

This is big. Stocks coming to US markets soon:

http://www.coindesk.com/digitalbtc-makes-history-australian-stock-market-debut/

Wha-hoo!  The pinnacle of success is Bitcoin amalgamating into the US Stock market.  Not an opportunistic bone in ol' Cypherdoc's body of course.

Free markets at work, baby.

None of this socialist bs.

Ya, because the U.S. stock market is the epitome of unmanipulated and transparent freedom where everyone has the same fair shot.  Sure thing bud.

Don't get me wrong.  I love the thought of this.  I've already made a boat-load by pocketing VC money, but I've kept plenty of power dry to continue the game.  Bring it on!  I'd be delighted to profit from hedge fund money vs. milking the last Krugerrand out of some poor schmuck since there is a very real possibility that the latter might end up actually needing it at some point.

[cypherdoc]

Holy mother of gaud:

https://blockchain.info/charts/hash-rate

[bitcoinsrus]

Holy mother of gaud:

https://blockchain.info/charts/hash-rate

knc finally deliver or something? 

[cypherdoc]

Ghash smack down to 34%:

https://blockchain.info/pools

Just like all the others.

[cypherdoc]

Gold down.  Bitcoin UP.

[NewLiberty]

Ghash smack down to 34%:

https://blockchain.info/pools

Just like all the others.

Selfish mining and block withholding switched back to actual mining?

[tvbcof]

Holy mother of gaud:

https://blockchain.info/charts/hash-rate

About 90% of the time when you point to some supposedly amazing metric you found (gold, bitcoin, hash rate, etc) I look at it and it's either ho-hum or actually the opposite of what you try to spout.  I guess a guy needs to look to see your startling observation within a few minutes or it will be gone.  Or you figure that nobody will even bother.  Ever heard the story about the little boy who cried 'wolf!'?  Look it up.

[cypherdoc]

Holy mother of gaud:

https://blockchain.info/charts/hash-rate

About 90% of the time when you point to some supposedly amazing metric you found (gold, bitcoin, hash rate, etc) I look at it and it's either ho-hum or actually the opposite of what you try to spout.  I guess a guy needs to look to see your startling observation within a few minutes or it will be gone.  Or you figure that nobody will even bother.  Ever heard the story about the little boy who cried 'wolf!'?  Look it up.

Anyone with half a brain would look at that graph and realize something extraordinary is going on. Exponential growth like that doesn't happen every day let alone over 5.5 years in anything including bacteria.

But then again, you're a gold bug. And an old one at that.

[tvbcof]

Holy mother of gaud:

https://blockchain.info/charts/hash-rate

About 90% of the time when you point to some supposedly amazing metric you found (gold, bitcoin, hash rate, etc) I look at it and it's either ho-hum or actually the opposite of what you try to spout.  I guess a guy needs to look to see your startling observation within a few minutes or it will be gone.  Or you figure that nobody will even bother.  Ever heard the story about the little boy who cried 'wolf!'?  Look it up.

Anyone with half a brain would look at that graph and realize something extraordinary is going on. Exponential growth like that doesn't happen every day let alone over 5.5 years in anything including bacteria.

But then again, you're a gold bug. And an old one at that.

Anyone who knows what they are looking at in a chart of damn near anything looks for changes.  Exponential growth in hashing has been the norm for basically forever in Bitcoin-land.  The reasons for this are obvious to anyone who is paying attention at all and has some vague grasp of technology.  The graph you point at is interesting only in it's uniformity.

I've never heard you make the argument that everything will be fine because miners have free will and will switch (from a harmful pool.)  Frankly, I'm not sure you understand Bitcoin well enough to even make that argument from one perspective or the other.  Just in case you are, consider the situation where mining is not profitable (which, as you may or may not remember, happened to a lot of run-of-the-mill miners at the GPA/FPGA time frame.)  OTOH, if it's to much of a strain, or you don't think it will be helpful in your pump-it project, don't bother.

[smoothie]

http://www.coindesk.com/30-billion-processor-digital-river-bitcoin-payment-option/

Can anybody say... TO DA milky way! 

[cypherdoc]

I've never heard you make the argument that everything will be fine because miners have free will and will switch (from a harmful pool.)  Frankly, I'm not sure you understand Bitcoin well enough to even make that argument from one perspective or the other.  Just in case you are, consider the situation where mining is not profitable (which, as you may or may not remember, happened to a lot of run-of-the-mill miners at the GPA/FPGA time frame.)  OTOH, if it's to much of a strain, or you don't think it will be helpful in your pump-it project, don't bother.

said by the guy who doesn't understand how bitcoin addresses are constructed.

then you're having trouble listening too.  i've made that argument ad nauseum that individual miners can switch pools freely when their pool gets too big.

[tvbcof]

I've never heard you make the argument that everything will be fine because miners have free will and will switch (from a harmful pool.)  Frankly, I'm not sure you understand Bitcoin well enough to even make that argument from one perspective or the other.  Just in case you are, consider the situation where mining is not profitable (which, as you may or may not remember, happened to a lot of run-of-the-mill miners at the GPA/FPGA time frame.)  OTOH, if it's to much of a strain, or you don't think it will be helpful in your pump-it project, don't bother.

said by the guy who doesn't understand how bitcoin addresses are constructed.

then you're having trouble listening too.  i've made that argument ad nauseum that individual miners can switch pools freely when their pool gets too big.

Lemme help you out a bit more since you don't seem to be getting it:  And when they loose money because mining is not profitable except to those who have the right combination of the latest and most efficient chips and cheap power...?

Here's another thing that you will probably learn at some point, and from the looks of things probably to your despair.  The money to be made on Bitcoin will eventually not be made from either fees or block rewards.  (hint:  think Google.)  These people will happily mine at a loss if that's what it takes to tap into the business (and potentially other) intelligence coming out of the system.  Obviously that's conjecture on my part, but it's a bet I'm playing.  (It doesn't necessarily indicate that I'm selling out all my BTC of course.  At least not immediately.  But it certainly frames my expectations for the solution and it's competitors.)

[cypherdoc]

I've never heard you make the argument that everything will be fine because miners have free will and will switch (from a harmful pool.)  Frankly, I'm not sure you understand Bitcoin well enough to even make that argument from one perspective or the other.  Just in case you are, consider the situation where mining is not profitable (which, as you may or may not remember, happened to a lot of run-of-the-mill miners at the GPA/FPGA time frame.)  OTOH, if it's to much of a strain, or you don't think it will be helpful in your pump-it project, don't bother.

said by the guy who doesn't understand how bitcoin addresses are constructed.

then you're having trouble listening too.  i've made that argument ad nauseum that individual miners can switch pools freely when their pool gets too big.

Lemme help you out a bit more since you don't seem to be getting it:  And when they loose money because mining is not profitable except to those who have the right combination of the latest and most efficient chips and cheap power...?

lets get one thing straight here.  you aren't coming from any position of enlightenment b/c you certainly aren't teaching anyone anything here.  you're expressing an opinion.

and fyi, i've been mining since 2011, first with gpu's, and then moved to asics so i understand quite well the economic incentives involved.  and for that matter, it's been incredibly lucrative mostly b/c of the price increase since then.  i've never heard you say that you mine so i'd keep my mouth shut b/c you'll never understand it completely w/o having done it.

Here's another thing that you will probably learn at some point, and from the looks of things probably to your despair.  The money to be made on Bitcoin will eventually not be made from either fees or block rewards.  (hint:  think Google.)  These people will happily mine at a loss if that's what it takes to tap into the business (and potentially other) intelligence coming out of the system.  Obviously that's conjecture on my part, but it's a bet I'm playing.  (It doesn't necessarily indicate that I'm selling out all my BTC of course.  At least not immediately.  But it certainly frames my expectations for the solution and it's competitors.)

i'd welcome Google anyday.  b/c if they decide to mine, then so will Amazon, EBay, TigerDirect, and banks, etc.  That would be great for Bitcoin as the price will have gone thru the roof if that happens.  individuals could still probably mine in pools but they'd have to have access to cheap electricity and buy in early to new generation chips.  but even if the #'s didn't work out, the big boys will provide enough diversification and decentralization to keep things moving along smoothly.

you always love to sound bearish yet you cling to your coins.  this thread was made to torment gold bugs like you; i'm glad it's working.

[smoothie]

I've never heard you make the argument that everything will be fine because miners have free will and will switch (from a harmful pool.)  Frankly, I'm not sure you understand Bitcoin well enough to even make that argument from one perspective or the other.  Just in case you are, consider the situation where mining is not profitable (which, as you may or may not remember, happened to a lot of run-of-the-mill miners at the GPA/FPGA time frame.)  OTOH, if it's to much of a strain, or you don't think it will be helpful in your pump-it project, don't bother.

said by the guy who doesn't understand how bitcoin addresses are constructed.

then you're having trouble listening too.  i've made that argument ad nauseum that individual miners can switch pools freely when their pool gets too big.

Lemme help you out a bit more since you don't seem to be getting it:  And when they loose money because mining is not profitable except to those who have the right combination of the latest and most efficient chips and cheap power...?

lets get one thing straight here.  you aren't coming from any position of enlightenment b/c you certainly aren't teaching anyone anything here.  you're expressing an opinion.

and fyi, i've been mining since 2011, first with gpu's, and then moved to asics so i understand quite well the economic incentives involved.  and for that matter, it's been incredibly lucrative mostly b/c of the price increase since then.  i've never heard you say that you mine so i'd keep my mouth shut b/c you'll never understand it completely w/o having done it.

Here's another thing that you will probably learn at some point, and from the looks of things probably to your despair.  The money to be made on Bitcoin will eventually not be made from either fees or block rewards.  (hint:  think Google.)  These people will happily mine at a loss if that's what it takes to tap into the business (and potentially other) intelligence coming out of the system.  Obviously that's conjecture on my part, but it's a bet I'm playing.  (It doesn't necessarily indicate that I'm selling out all my BTC of course.  At least not immediately.  But it certainly frames my expectations for the solution and it's competitors.)

i'd welcome Google anyday.  b/c if they decide to mine, then so will Amazon, EBay, TigerDirect, and banks, etc.  That would be great for Bitcoin as the price will have gone thru the roof if that happens.  individuals could still probably mine in pools but they'd have to have access to cheap electricity and buy in early to new generation chips.  but even if the #'s didn't work out, the big boys will provide enough diversification and decentralization to keep things moving along smoothly.

you always love to sound bearish yet you cling to your coins.  this thread was made to torment gold bugs like you; i'm glad it's working.

Cypherdoc the troll

Has a nice ring to it.