Gold collapsing. Bitcoin UP.

[wachtwoord]

Wow so you call people bitches who work for you? lol Thanks for clearing that up. 

I guess he's a P.I.M.P.

[1714184571]

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[tvbcof]

leave it to your old stodgy peabrain to miss the bigger picture.  those 50 BTC of smoothie's are worth what now?  $30000?  you're an idiot.

Well there Mr. 'Bigger Picture', the $500 I spent on $2.50 BTC instead of buying a high end vid card is now worth $120000.  Actually more like $200k given that I limited my selling to the last spike.  You going to tell me that you mined 200 BTC with a single high end card over the timeframe that you've been involved?

and to characterize us as working for you?  lol.  some complain the miners control the whole ecosystem.  what do you say to them?

I'd say:  "You are as clueless as Cypherdoc."  But I'd also tell them to be patient because it will very likely happen.  As soon as the the dead-ender small time miners are run out of the system and the real players have near total monopolization.

Poor Cyperdoc can stare right at the hashrate chart that started this conversation and completely miss the 'bigger picture'.  What a buffoon.

[vokain]

some people win the mining game, most won't (those at the bigger tail end of the zipf distribution) and for them it'd make much more sense to buy bitcoins directly. I'd assume that at some point back then, if you were earlier than the others you could mine more than one block with a nice GPU. there's a point of time where on one side it's more profitable to mine and on the other it's more profitable to buy and hold depending on the mining equipment you have relative to what the others have. every jump in mining efficiency (from CPU>GPU and GPU>ASIC) was a window of opportunity for miners to get a leg up on everyone else where it'd be more profitable to mine over buying. however, since the space is so competitive, the window closes quickly.

[cypherdoc]

leave it to your old stodgy peabrain to miss the bigger picture.  those 50 BTC of smoothie's are worth what now?  $30000?  you're an idiot.

Well there Mr. 'Bigger Picture', the $500 I spent on $2.50 BTC instead of buying a high end vid card is now worth $120000.  Actually more like $200k given that I limited my selling to the last spike.  You going to tell me that you mined 200 BTC with a single high end card over the timeframe that you've been involved?

and to characterize us as working for you?  lol.  some complain the miners control the whole ecosystem.  what do you say to them?

I'd say:  "You are as clueless as Cypherdoc."  But I'd also tell them to be patient because it will very likely happen.  As soon as the the dead-ender small time miners are run out of the system and the real players have near total monopolization.

Poor Cyperdoc can stare right at the hashrate chart that started this conversation and completely miss the 'bigger picture'.  What a buffoon.

like i said above, the fastest way to accumulate significant amounts of BTC during that time was to buy them.  mining has been profitable as well, just not at the same leverage level.  the education and experience though has been invaluable and allows one to gain a valuable perspective on what's going on.  which you lack.

[tvbcof]

like i said above, the fastest way to accumulate significant amounts of BTC during that time was to buy them.  mining has been profitable as well, just not at the same leverage level.  the education and experience though has been invaluable and allows one to gain a valuable perspective on what's going on.  which you lack.

Looks like the 'education' and 'experience' gave you tunnel vision which cost you.  I'm happy for you that you found out about Bitcoin at a time when it was nearly impossible to lose money.

Smart people like Vlad mined when it made sense and stopped when a different strategy made more sense.  IIRC he stopped mining about the same time you got things figured out enough to do it.  You can at least be thankful that you had needed some time to figure out computers and ended up buying some BTC outright rather than throwing all your funds into mining.

[smoothie]

leave it to your old stodgy peabrain to miss the bigger picture.  those 50 BTC of smoothie's are worth what now?  $30000?  you're an idiot.

Well there Mr. 'Bigger Picture', the $500 I spent on $2.50 BTC instead of buying a high end vid card is now worth $120000.  Actually more like $200k given that I limited my selling to the last spike.  You going to tell me that you mined 200 BTC with a single high end card over the timeframe that you've been involved?

and to characterize us as working for you?  lol.  some complain the miners control the whole ecosystem.  what do you say to them?

I'd say:  "You are as clueless as Cypherdoc."  But I'd also tell them to be patient because it will very likely happen.  As soon as the the dead-ender small time miners are run out of the system and the real players have near total monopolization.

Poor Cyperdoc can stare right at the hashrate chart that started this conversation and completely miss the 'bigger picture'.  What a buffoon.

Please prove your claims.

Just because you say something doesn't make it true. Thanks! 

[cypherdoc]

Yea, tvbcof  is known for constructing straw man attacks.

It's all done to conceal the fact that he's a true Gold bug:

tvbcof=

[cypherdoc]

We're gonna do a BOOM soon.

[Melbustus]

We're gonna do a BOOM soon.

You mean when the gov sells the SR coins at, near, or above spot?

Did you register to participate in Barry's syndicate?
https://twitter.com/barrysilbert/status/478930656538660864

[ActualAdviceBTC]

There was an analysis done at the firm I work at that BTC is more correlated with strength in the dollar than with gold... that might just be because bitcoin is only a few years old and gold is still waiting for its glory days though...

[tvbcof]

leave it to your old stodgy peabrain to miss the bigger picture.  those 50 BTC of smoothie's are worth what now?  $30000?  you're an idiot.

Well there Mr. 'Bigger Picture', the $500 I spent on $2.50 BTC instead of buying a high end vid card is now worth $120000.  Actually more like $200k given that I limited my selling to the last spike.  You going to tell me that you mined 200 BTC with a single high end card over the timeframe that you've been involved?

and to characterize us as working for you?  lol.  some complain the miners control the whole ecosystem.  what do you say to them?

I'd say:  "You are as clueless as Cypherdoc."  But I'd also tell them to be patient because it will very likely happen.  As soon as the the dead-ender small time miners are run out of the system and the real players have near total monopolization.

Poor Cyperdoc can stare right at the hashrate chart that started this conversation and completely miss the 'bigger picture'.  What a buffoon.

Please prove your claims.

Just because you say something doesn't make it true. Thanks!  

Notwithstanding the fact that there is nothing to 'prove' in the text you've quoted, people should consider themselves kind of lucky that I've for years offer my insights honestly and free of charge without a lot of paid newsletter bullshit.  Almost without exception my assertions include phrases like 'I think', 'in my opinion', etc, etc.

Some people who listened to my arguments for buying back in late 2011 have done very well.  In fairness, the same can be said for those who listened to Cypherdoc's.  If he counseled his subscribers to mine as a strategy to maximize their profits, that's a fail.  But just as he is lucky for the 'rising tide floating all boats', so would it be for his subscribers.  The main difference between me and Cypherdoc will be what we see if the shit really hits the fan.  More likely Bitcoin an the mainstream real-world will gently collide and the effects of the impacts will be more nuanced.  In some ways it is even more important to consider a range of hypothesis and match them against direct observation in order take full advantage of trends.

Words of wisdom for anyone who wants to listen:  Be careful about following a zealot into any adventure.

[Melbustus]

... that might just be because bitcoin is only a few years old ...

^ Yup.

I read that report. I think the authors lack appreciation for statistical significance.

[smoothie]

leave it to your old stodgy peabrain to miss the bigger picture.  those 50 BTC of smoothie's are worth what now?  $30000?  you're an idiot.

Well there Mr. 'Bigger Picture', the $500 I spent on $2.50 BTC instead of buying a high end vid card is now worth $120000.  Actually more like $200k given that I limited my selling to the last spike.  You going to tell me that you mined 200 BTC with a single high end card over the timeframe that you've been involved?

and to characterize us as working for you?  lol.  some complain the miners control the whole ecosystem.  what do you say to them?

I'd say:  "You are as clueless as Cypherdoc."  But I'd also tell them to be patient because it will very likely happen.  As soon as the the dead-ender small time miners are run out of the system and the real players have near total monopolization.

Poor Cyperdoc can stare right at the hashrate chart that started this conversation and completely miss the 'bigger picture'.  What a buffoon.

Please prove your claims.

Just because you say something doesn't make it true. Thanks!  

Notwithstanding the fact that there is nothing to 'prove' in the text you've quoted, people should consider themselves kind of lucky that I've for years offer my insights honestly and free of charge without a lot of paid newsletter bullshit.  Almost without exception my assertions include phrases like 'I think', 'in my opinion', etc, etc.

Some people who listened to my arguments for buying back in late 2011 have done very well.  In fairness, the same can be said for those who listened to Cypherdoc's.  If he counseled his subscribers to mine as a strategy to maximize their profits, that's a fail.  But just as he is lucky for the 'rising tide floating all boats', so would it be for his subscribers.  The main difference between me and Cypherdoc will be what we see if the shit really hits the fan.  More likely Bitcoin an the mainstream real-world will gently collide and the effects of the impacts will be more nuanced.  In some ways it is even more important to consider a range of hypothesis and match them against direct observation in order take full advantage of trends.

Words of wisdom for anyone who wants to listen:  Be careful about following a zealot into any adventure.

In case you missed your own words. Prove it.

On another note: I don't think I should consider myself lucky because you choose to offer your insights honestly and freely. That is your choice. Being grateful for that is a non-issue here (at least for me it is).

BTW nice cheap shot at Cypher lol although not warranted. He chose to charge for his insight (even though he has shared most of it here anyway freely) you chose to share, don't expect people "should" consider themselves lucky. You should consider that it was your choice and leave it at that.

You like tooting your own horn?   Sometimes I do it but I don't say anyone should do or not do something because of what I've done or not done. That's almost like an entitlement mentality. Almost.  

[tvbcof]

In case you missed your own words. Prove it.

Just because I'm in a good mood and someone dares to doubt my integrity...

Code:

...
2011-11-27 -xxx-,99.4942400000,BTC,217.9918798400,USD,1.3079512791,USD,99.4942400000,BTC,219.2998311191,USD
...
2011-12-04 -xxx-,94.0000000000,BTC,251.2620000000,USD,1.5075720000,USD,94.0000000000,BTC,252.7695720000,USD
...

There's plenty more where that came from due to the way exchanges work, but that should pretty much get you where you need to be.  I think that red (embarrassment) and green (envy) creates kind of a yellowish hue.

[smoothie]

In case you missed your own words. Prove it.

Just because I'm in a good mood and someone dares to doubt my integrity...

Code:

...
2011-11-27 -xxx-,99.4942400000,BTC,217.9918798400,USD,1.3079512791,USD,99.4942400000,BTC,219.2998311191,USD
...
2011-12-04 -xxx-,94.0000000000,BTC,251.2620000000,USD,1.5075720000,USD,94.0000000000,BTC,252.7695720000,USD
...

There's plenty more where that came from due to the way exchanges work, but that should pretty much get you where you need to be.  I think that red (embarrassment) and green (envy) creates kind of a yellowish hue.

LOL so you did make a claim worth attempting to prove?

Nice.

Not that I doubt your integrity, but what is to convince me you didn't just copy past that from some other random source or just type it in?

Got anyone to back up your claim? Just curious.

 

[tvbcof]

...
Got anyone to back up your claim? Just curious.

 

I was pretty liberal in comments on this forum with information about my strategy and operations back when I was a buyer IIRC, and it's not my style to delete old posts.  Knock yourself out if it's that important to you.  Else I guess you'll have to get me into a deposition or something.

[vokain]

relevant post that I ran into while researching another subject

Cross-posting...

I suggest ignore. tvbcof's positions are so bizarre they don't make a lick of sense to a rational mind. When you point out the inconsistencies of his positions in clear terms a 10yr old could understand, he just ignores you and moves on to the next nonsensical rant. ... If there are any paid disrupters in this thread, he's it. If he's not being paid to post in this thread then he needs to seek counseling.   

He is not paid. This is the illogic of a lefty communist. You can't reason with them because their brain stem is not functioning. Their brains are operative and they can make semi-coherent arguments and even appear to be reasonably intelligent and articulate, yet always the logical consistency is absent.

I think it is because their philosophy is lacking an understanding of thermodynamics and the fact that only a free market of competing actors can optimize (anneal) a dynamic system. He doesn't understand that nature's optimization algorithm is simulated annealing. This is why if ice is cooled slowly, then there are less cracks because the local molecules have more time to find optimum structure.

What a lefty doesn't understand is that no entity can top-down manage resources better than the local competing actors (some perform worse and some perform better and thus the system learns). There is no way that the Feds can monitor every dynamic opportunity and problem experienced by 300 million people every day and decide on the appropriate actions in real-time. Thus every edict and requirement from the Feds is stomping on and preventing the free market of local actors from optimizing with the most degrees-of-freedom.

In the Economics Devastation thread, I explained with respected citations that degrees-of-freedom is known to be equivalent to potential energy.

In your car had no reverse gear (one less degree-of-freedom), then you need to drive in a circle (e.g. around the block) in order to go reverse, i.e. much more inefficient. Government makes the free market adaptation and optimization less efficient.

When government grows from 12% in 1930 to over 75% of GDP (once compliance with all regulations is factored in) as it is now, then we reach negative marginal utility of debt, which means adding new debt actually shrinks the real GDP. Debt reduces degrees-of-freedom too, because everyone and his half brother copies each other, because resources are declared to be free.

As I've mentioned, I'm a lefty and don't really mind if society gives people a hand in limited times of need.  Of course many people will take advantage of things (e.g., 'bleeding the beast') so in order to make the best use of limited resources, we do need to check up on people who are on the Government dole.  Else we end up with single women claiming more dependents than they have and folks like Cliven Bundy claiming special rights and needs.

You attack the symptoms and not the fundamental problem. The fundamental problem is the power vacuum of democracy, i.e. the government grows without bound. The only way to fix that is to deny the ability of the government to tax, so that the citizens have a (individual opt-out) veto against unjust taxation. We must defund the beast. And thus why I am working on such a technological solution.

You have no idea whom you've been debating with. If you knew, you'd feel pretty stupid for stereotyping me the way you did upthread.

anyway, lets move away from this meaningless discourse and talk about the bigger things in life, such as the end-game of bitcoin or the various governments around the world. What is Bitcoin without anonymity? Would it lead to the globalists being able to track every transaction we make? Is this the cashless society that Revelations foreshadows?
Are regional states tending towards regional central authorities (ie NAFTA, MERCOSUR, Arab League, ASEAN, etc etc)? That seems like the logical intermediary step before commanding all of them. This makes me think about how mining currently is in Bitcoin. Controlling any two top mining pools will lead to a >51% hold on influence over this network. What would this mean for Bitcoin if any of TPTB (if they don't already) had control?

[cypherdoc]

Of course tvbcof feels entitled, he's a socialist who thinks people should thank him for opening his mouth. And no, I never recommended to my subs to mine, at least that I recall.  But certainly to buy. But nice cheap shot nonetheless.

tvbcof is afraid of Bitcoin. That's easy to see by his preference for gold. The difference between us is that I think the bull had just begun while he's clearly dumped a significant portion of his holdings probably never to get them back.

Otoh, I wonder just how much he's really transacted in Bitcoin given his misunderstanding of how addresses work. For those interested, tvbcof was under the impression that by entering one wrong character into a receiving address it would result in an irretrievable loss of Bitcoin by sending them off into the ether sphere to someone else's address. I don't know about you but before the very first time I sent a bitcoin I researched the ramifications of just that; entering a wrong character. That's just good money management and intellectual curiosity. Most of you know that a mistyped address  won't take as the address has a checksum built into the last 4 bytes making this impossible. You'll also note that when you right click on an address to copy it automatically selects the entire thing so you don't leave behind any characters when you paste; yet another safeguard.  You need to know these things if you're moving bitcoin around. The fact that tvbcof didn't know these things brings into question his claimed experience in transacting at all .

I had to clear this misunderstanding up for him just a scant couple months ago. And he calls himself a computer guy?

[tvbcof]

Of course tvbcof feels entitled, he's a socialist who thinks people should thank him for opening his mouth. And no, I never recommended to my subs to mine.  But certainly to buy. But nice cheap shot nonetheless.
...

I guess your subscribers have a better recollection than you.  Perhaps getting fucked in the ass when trying to mine sharpens ones total recall abilities.

But let's say that you didn't recommend mining as you claim.  Then you are doing one thing and counseling your subscribers to do another.  Not that such a thing is unheard of in the world of paid investment gurus of course.  At least in this case it was not (or 'would not' in this hypothetical) be the subscribers who got reamed.  Yet.  That is a bit unusual and laudable.

Or would be laudable, but given that it was only yesterday that I corrected your misunderstandings about the economics of mining you would have a hard time arguing that by not counseling to mine while you yourself were going whole hog on it you were trying to do your subscribers right.

[vokain]

Of course tvbcof feels entitled, he's a socialist who thinks people should thank him for opening his mouth. And no, I never recommended to my subs to mine, at least that I recall.  But certainly to buy. But nice cheap shot nonetheless.

Not true, you referred subs to HashFast. They're now in Chapter 11 bankruptcy and I have to fight tooth and nail with them and the DOJ to get back what was promised to me. I'm still optimistic but I'm weary after 10 months of this.