cypherdoc (OP)
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September 12, 2014, 02:41:46 PM |
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the key question is whether Bitcoin can withstand the deflation.
personally, my bet is that it can.
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cypherdoc (OP)
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September 12, 2014, 02:43:59 PM |
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justusranvier
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September 12, 2014, 02:52:55 PM |
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we are a country born out of war (WWII). our prosperity was born out of war. we have continually lived war. we are a warring nation. You Live In A Murder Based Society
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cypherdoc (OP)
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September 12, 2014, 03:26:13 PM |
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Still incredibly encouraging: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F9t4Efo7.png&t=665&c=shIM2Qsd4jOtBA)
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messibtc
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September 12, 2014, 03:36:20 PM |
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Is it the hashrate from the start to now? I see a big drop and a sudden recover in the last period, maybe it's time to hold some coins.
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adaseb
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September 12, 2014, 03:36:51 PM |
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Is it just me or isnt the reason why GOLD is going down lately because the dollar is going up.
Very little correlation to bitcoin
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Wekkel
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yes
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September 12, 2014, 03:38:33 PM |
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the key question is whether Bitcoin can withstand the deflation.
personally, my bet is that it can.
Love to hear your arguments.
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Adrian-x
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September 12, 2014, 04:10:08 PM |
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Is it the hashrate from the start to now? I see a big drop and a sudden recover in the last period, maybe it's time to hold some coins.
No. The start to now is way more impressive http://bitcoin.sipa.be/And I think it's a good time to hold.
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Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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cypherdoc (OP)
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September 12, 2014, 05:05:48 PM |
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inca
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September 12, 2014, 05:23:41 PM |
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And is a nod to the big boys to start pushing bitcoin around.
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cypherdoc (OP)
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September 12, 2014, 05:27:13 PM |
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And is a nod to the big boys to start pushing bitcoin around. note in the article that a prerequisite to the approval was the construction of a non-manipulable index which ended up being a composite of 6 exchanges, presumably spread round the world, which is exactly what i have been arguing needs to be done to prevent the pushing around you indicate. this is key and should represent an opportunity for more quality well run exchanges to hopefully open up to spread the risk.
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cypherdoc (OP)
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September 12, 2014, 05:47:36 PM |
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unloading so many stacks is going to be just brutal. lotsa sore backs like i found out in 2011. not to mention the lack of liquidity and haircuts involved.
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cypherdoc (OP)
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September 12, 2014, 06:10:37 PM |
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this is absolutely unbelievable. i guess we don't have to worry about blockchain storage: ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.sandisk.com%2FAssets%2FProduct%2FExtreme-pro-512gb-pr.jpg&t=665&c=i3xmzfWs7ZO_FQ)
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rocks
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September 12, 2014, 06:22:49 PM |
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this is absolutely unbelievable. i guess we don't have to worry about blockchain storage:
Information storage and retrieval is becoming free.
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cypherdoc (OP)
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September 12, 2014, 06:22:58 PM |
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risk rising once again: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FVFWtZbe.png&t=665&c=gmKmEDKcLp27iA)
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cypherdoc (OP)
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September 12, 2014, 06:25:12 PM |
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this is absolutely unbelievable. i guess we don't have to worry about blockchain storage:
Information storage and retrieval is becoming free. that's bad for incumbents.
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cypherdoc (OP)
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September 12, 2014, 06:33:06 PM |
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please don't get caught catching a falling knife: ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.acting-man.com%2Fblog%2Fmedia%2F2014%2F09%2F1-HGNSI.png&t=665&c=Rv1KWaUJ5sIcgg)
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molecular
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September 12, 2014, 06:37:32 PM |
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Looks like we just surpassed the cross on the second chart of time. I don't see what you see. The cross under 10% is supposed to happen in mid-2015. It may have been brought earlier by the constant increase in hashrate, but at the same time this causes a shorter block time and higher coin emission (around +10% these days), so I think it can be confidently stated that we are still months away from going under 10% annual inflation. At block 320,351 (right about now) annualized inflation is roughly: (1 + (25*6*24) / ( 210000 * 50 + (320351 - 210000) * 25 ) ) ^ 365 - 1 = 10.4%
EDIT: corrected a 24 to a 25 which I previously thought I had corrected but instead f-ed up. So yeah, if this is correct, we're not at 10% yet (about 140 more days to go)
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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