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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2032135 times)
cypherdoc (OP)
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July 22, 2014, 01:38:48 AM
 #9741

http://m.youtube.com/watch?feature=youtu.be&v=Fg85ggZSHMw

Get ready, The Imitation Game
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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cypherdoc (OP)
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July 22, 2014, 02:58:44 AM
 #9742

http://www.businessinsider.com/the-future-of-the-payments-industry-2014-slide-deck-2014-7?op=1

good data
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July 22, 2014, 03:11:25 AM
 #9743

https://twitter.com/cypherdoc2/status/491419991359889408
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July 22, 2014, 03:18:27 AM
 #9744


This movie looks fantastic.  And it being released after the Snowden revelations and during the bitcoin boom seems like ideal timing to get the public thinking about cryptography.  If the film covers the treatment of Alan Turing after the war, then it may get viewers to reflect more deeply about the horrendous acts caused by big government when they think "they know what is best for people."

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July 22, 2014, 03:33:36 AM
 #9745


This movie looks fantastic.  And it being released after the Snowden revelations and during the bitcoin boom seems like ideal timing to get the public thinking about cryptography.  If the film covers the treatment of Alan Turing after the war, then it may get viewers to reflect more deeply about the horrendous acts caused by big government when they think "they know what is best for people."

Agreed. I will be looking forward to watching this.
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July 22, 2014, 03:51:06 AM
 #9746

Passed btc to another finance guys iPhone last night at a dinner table of 8. Even the wives got quiet when I did this for the men. Made a big impression and the skepticism is decreasing significantly amongst these people.

I also made the point that because I was using my vpn to connect with Sweden, that the btc were traveling 11000 mi before landing in his phone. It took 10 s. I only sent him 60c worth but emphasized there is no other payment services that could do that. His words were "that's amazing". So happy that Apple opened back up.

They call me Mr. Bitcoin Smiley
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July 22, 2014, 04:11:13 AM
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Looks like ghash is effectively neutered. And if not, get out at 41%.

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July 22, 2014, 05:21:35 AM
 #9748

http://libertyblitzkrieg.com/2014/04/16/new-report-from-princeton-and-northwestern-proves-it-the-u-s-is-an-oligarchy/

The study found that even when 80% of the population favored a particular public policy change, it was only instituted 43% of the time.
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July 22, 2014, 05:37:11 AM
 #9749


This movie looks fantastic.  And it being released after the Snowden revelations and during the bitcoin boom seems like ideal timing to get the public thinking about cryptography.  If the film covers the treatment of Alan Turing after the war, then it may get viewers to reflect more deeply about the horrendous acts caused by big government when they think "they know what is best for people."

Agreed. I will be looking forward to watching this.


Gotta wait till Nov Sad well hopefully we will be in full bubble mode by then.
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July 22, 2014, 06:39:26 AM
 #9750

Passed btc to another finance guys iPhone last night at a dinner table of 8. Even the wives got quiet when I did this for the men. Made a big impression and the skepticism is decreasing significantly amongst these people.

I also made the point that because I was using my vpn to connect with Sweden, that the btc were traveling 11000 mi before landing in his phone. It took 10 s. I only sent him 60c worth but emphasized there is no other payment services that could do that. His words were "that's amazing". So happy that Apple opened back up.

They call me Mr. Bitcoin Smiley

Having a bitcoin wallet available in the appstore makes it very easy to demo bitcoin when at parties and pubs.  

May I ask what wallet you are using?  I personally use the blockchain.info iPhone wallet, but last time I checked it's still not back.  I've missed a couple opportunities to demo bitcoin now just because I'm not familiar with any of the wallets currently in the appstore.

Run Bitcoin Unlimited (www.bitcoinunlimited.info)
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July 22, 2014, 10:50:52 AM
 #9751

Student loan system is almost financially unworkable, say MPs

http://www.theguardian.com/education/2014/jul/22/student-loan-system-financially-unworkable-mps?CMP=twt_gu

there are student loan bubbles everywhere waiting to pop. Note how the MP's push the problem off to the next electorates.
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July 22, 2014, 02:56:10 PM
 #9752

Passed btc to another finance guys iPhone last night at a dinner table of 8. Even the wives got quiet when I did this for the men. Made a big impression and the skepticism is decreasing significantly amongst these people.

I also made the point that because I was using my vpn to connect with Sweden, that the btc were traveling 11000 mi before landing in his phone. It took 10 s. I only sent him 60c worth but emphasized there is no other payment services that could do that. His words were "that's amazing". So happy that Apple opened back up.

They call me Mr. Bitcoin Smiley

Having a bitcoin wallet available in the appstore makes it very easy to demo bitcoin when at parties and pubs.  

May I ask what wallet you are using?  I personally use the blockchain.info iPhone wallet, but last time I checked it's still not back.  I've missed a couple opportunities to demo bitcoin now just because I'm not familiar with any of the wallets currently in the appstore.

For demos I use "bitwallet" on iphone because it is quick to set up and I like the fact that you can scan private keys with it. There are few others that aren't bad either: "coinpocket" and "breadwallet."

BTW, I used to use "easywallet.org" via safari browser for demos before Apple started allowing bitcoin wallets. Fast, great user interface but they need to bookmark the page in order to not lose their bitcoins. It is run by Jeremy Kangas of LocalBitcoins.com and it is a web wallet.

EDIT: For android I recommend Mycelium all the way. By far my favorite mobile wallet. Easy key management and you can spend from cold storage/paper wallets.



cypherdoc (OP)
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July 22, 2014, 04:06:21 PM
 #9753

i thought this was interesting from Coinometrics.  i drew in the trendlines.  try extrapolating ghash (green) in your mind to match that of Deepbit and BTCGuild:

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July 22, 2014, 04:08:22 PM
 #9754

Passed btc to another finance guys iPhone last night at a dinner table of 8. Even the wives got quiet when I did this for the men. Made a big impression and the skepticism is decreasing significantly amongst these people.

I also made the point that because I was using my vpn to connect with Sweden, that the btc were traveling 11000 mi before landing in his phone. It took 10 s. I only sent him 60c worth but emphasized there is no other payment services that could do that. His words were "that's amazing". So happy that Apple opened back up.

They call me Mr. Bitcoin Smiley

Having a bitcoin wallet available in the appstore makes it very easy to demo bitcoin when at parties and pubs.  

May I ask what wallet you are using?  I personally use the blockchain.info iPhone wallet, but last time I checked it's still not back.  I've missed a couple opportunities to demo bitcoin now just because I'm not familiar with any of the wallets currently in the appstore.

For demos I use "bitwallet" on iphone because it is quick to set up and I like the fact that you can scan private keys with it. There are few others that aren't bad either: "coinpocket" and "breadwallet."

BTW, I used to use "easywallet.org" via safari browser for demos before Apple started allowing bitcoin wallets. Fast, great user interface but they need to bookmark the page in order to not lose their bitcoins. It is run by Jeremy Kangas of LocalBitcoins.com and it is a web wallet.

EDIT: For android I recommend Mycelium all the way. By far my favorite mobile wallet. Easy key management and you can spend from cold storage/paper wallets.





i use Mycelium on my Android as well.  i especially like the cold wallet fx but it's also easy to use.  i am experimenting with some of the other wallets as well.  GreenAddress looks to be extremely sophisticated with 2 factors, nlocktimes, and encryption.  there's probably more too. 
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July 22, 2014, 04:12:02 PM
 #9755

Good time to swap bitcoin for gold.
cypherdoc (OP)
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July 22, 2014, 04:22:51 PM
 #9756

note the 2 pumped stocks in after hours from yesterday after hours, CMG and NFLX:





talk about volatility.  ask yourself if you could've been fast enough to cover a short on CMG during that 1 min ramp?  answer: no way.

in NFLX's case, look at the whipsaw.  another sucker's trap.
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July 22, 2014, 04:23:53 PM
 #9757

Good time to swap bitcoin for gold.

sure it is.

more like, last chance to get out of gold into Bitcoin.
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July 22, 2014, 04:25:15 PM
 #9758

Short CMG here and sweatin'
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July 22, 2014, 04:33:21 PM
 #9759

Short CMG here and sweatin'

question is, when did you put it on?
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July 22, 2014, 04:38:10 PM
 #9760

Although these coins are not intended to be used for transactions, you can still never be certain if the previous owner didn’t secretly keep a copy of the private keys, or the Bitcoin that you’re supposed to receive hasn’t already been spent. (NOR CAN YOU BE CERTAIN THE COIN ISN'T MADE OF TUNGSTEN) Hopefully, this problem will be solved in the next generation of the “Gold-Bitcoin.”

gotta admit these are pretty:

http://www.forbes.com/sites/ericxlmu/2014/07/21/chinese-bitcoiner-made-physical-bitcoin-in-pure-gold/

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