Gold collapsing. Bitcoin UP.

[devphp]

ok NXT, when are you going to get it together?

https://twitter.com/jgarzik/status/511566276255154177

I've just compiled nxt binary from sources. It took exactly 2 seconds, compile.sh script is bundled with the package. You need JDK, not JRE.
Try it yourself, source code is included:
https://bitbucket.org/JeanLucPicard/nxt/downloads/nxt-client-1.2.8.zip

Garzik has no idea what he's twitting about or has an intention to spread FUD.

[1714150618]

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[1714150618]

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[1714150618]

1714150618

[cypherdoc]

from the Boston Fed:  

Second, the resource cost of mining is becoming increasingly unaffordable, not to mention the inefficiency associated with this aspect of the system design. Again, it is possible that within a few years it will become infeasible to rely on this distributed model, however consolidated, to verify transactions.

if it's so unaffordable, then why does it keep doing this?:

[kodtycoon]

ok NXT, when are you going to get it together?

https://twitter.com/jgarzik/status/511566276255154177

I've just compiled nxt binary from sources. It took exactly 2 seconds, compile.sh script is bundled with the package. You need JDK, not JRE.
Try it yourself, source code is included:
https://bitbucket.org/JeanLucPicard/nxt/downloads/nxt-client-1.2.8.zip

Garzik has no idea what he's twitting about or has an intention to spread FUD.

FUD would be my guess.. have you seen him WRONGLY attack any other coins as of late? nope.. didnt think so.. wouldnt be so bad if it was actually true.

[tvbcof]

Oh Noes!  The block chain takes so many gigabytes now that it costs almost US$10 to store it on a thumb drive smaller than most the keys on your keychain.

Unfeasible!

They are living in the 20th century, or earlier methinks.

Not that actual bulk storage of the blockchain has ever been terribly concerning, but...

What gets me is the people who worship at the alter of Moore's law.  In my own experience, I got my first computer about 30 years ago.  I was lucky to get a floppy drive with it.  144k if I remember correctly.  I got my first PC about 20 years ago.  210M.  About 1500x.  I bought a high capacity HDD for my place of work upon starting a new job about 10 years ago.  400G.  About 1900x.  Now I think I could reasonably get a 6T drive.  About 15x.

Bitcoin is still at it's gestational stage and is a tiny baby-step toward where a reasonably large percentage of 'enthusiasts' think it ought to end up.  Many of the consumer available technologies are approaching a point where they need progress little farther in order to meet consumer demand.  These curves plotted on top of one another reveal the problem.  Furthermore it seems likely to me that allowing free communication between individuals is to dangerous to allow and will likely be quashed should an event which facilitates it occur.  The solution to that particular problems would be to step back and let the connected industrial players take over the infrastructure aspect of the network, but when that happens Bitcoin is closer to the USD than it is to the original implementation in my view.  Yes, it will always have some advantages (hopefully) but it is simply not a compelling solution at that point.  To me.

[_mr_e]

I'm just glad to see you are keeping an eye on Nxt's affairs:P You'll be hearing much more about it over the next few months, I can promise you that.

I look forward to the day when we can look back and laugh at how dismissive you all were, just like the early days of bitcoin.

[Tobo]

ok NXT, when are you going to get it together?
https://twitter.com/jgarzik/status/511566276255154177

I've just compiled nxt binary from sources. It took exactly 2 seconds, compile.sh script is bundled with the package. You need JDK, not JRE.
Try it yourself, source code is included:
https://bitbucket.org/JeanLucPicard/nxt/downloads/nxt-client-1.2.8.zip
Garzik has no idea what he's twitting about or has an intention to spread FUD.

Obviously he was spreading FUD. Why are some people so afraid of Nxt and willing to lie?

[devphp]

I'm just glad to see you are keeping an eye on Nxt's affairs:P You'll be hearing much more about it over the next few months, I can promise you that.

I look forward to the day when we can look back and laugh at how dismissive you all were, just like the early days of bitcoin.

I've never used twitter, can twits be deleted by the owner? If not, it would be funny to bring those up from time to time in the future

[cypherdoc]

Many of the consumer available technologies are approaching a point where they need progress little farther in order to meet consumer demand.  These curves plotted on top of one another reveal the problem.  Furthermore it seems likely to me that allowing free communication between individuals is to dangerous to allow and will likely be quashed should an event which facilitates it occur.  The solution to that particular problems would be to step back and let the connected industrial players take over the infrastructure aspect of the network, but when that happens Bitcoin is closer to the USD than it is to the original implementation in my view.  Yes, it will always have some advantages (hopefully) but it is simply not a compelling solution at that point.  To me.

i don't know man.  seems the capacity for ppl to take pics and videos of themselves is unlimited.  i was shocked to hear those actresses would even allow themselves to be photo'd nude, let alone have the pics uploaded.  narcissism at it's best, i'd guess.

as for unlimited communication, i agree gvt is a clear threat.  but i don't know how you stuff it back in the bag.  we're all too used to it.  i for one, will fight to retain those freedoms.

[kodtycoon]

ok NXT, when are you going to get it together?
https://twitter.com/jgarzik/status/511566276255154177

I've just compiled nxt binary from sources. It took exactly 2 seconds, compile.sh script is bundled with the package. You need JDK, not JRE.
Try it yourself, source code is included:
https://bitbucket.org/JeanLucPicard/nxt/downloads/nxt-client-1.2.8.zip
Garzik has no idea what he's twitting about or has an intention to spread FUD.

Obviously he was spreading FUD. Why are some people so afraid of Nxt and willing to lie?

how much of a threat must nxt be if someone as high profile as himself is so afraid that he must spread such FUD i think is the question to ask. if it wasnt a threat.. would he give two shits about nxt? i dont think so...

[ShroomsKit_Disgrace]

ok NXT, when are you going to get it together?

https://twitter.com/jgarzik/status/511566276255154177

LOL!

What a FUD! It amazes me he is trying with this low quality 

[cypherdoc]

I'm just glad to see you are keeping an eye on Nxt's affairs:P You'll be hearing much more about it over the next few months, I can promise you that.

I look forward to the day when we can look back and laugh at how dismissive you all were, just like the early days of bitcoin.

I've never used twitter, can twits be deleted by the owner? If not, it would be funny to bring those up from time to time in the future

i don't think they can be deleted.  here use this:

6years@followupthen.com

[thezerg]

from the Boston Fed:  

Second, the resource cost of mining is becoming increasingly unaffordable, not to mention the inefficiency associated with this aspect of the system design. Again, it is possible that within a few years it will become infeasible to rely on this distributed model, however consolidated, to verify transactions.

if it's so unaffordable, then why does it keep doing this?:

Why can no one understand that we don't need this hashing power to secure this network?  I doubt we need 1% of what we have today, given the impact destroying it would have.  Obviously a major govt could (at great cost) 51% it.  But most governments that have the means are ultimately responsible to the people and killing BTC by 51% attack is not the legal approach they would take (as opposed to a ban).  Therefore hashing only needs to secure against a private enterprise.  When you realize that 51%ing does not allow you to steal other people's coin -- it only can be used to stop them from spending, to reap all the mining rewards and to double spend, you quickly realize that economically this is a losing proposition.

[LiQio]

ok NXT, when are you going to get it together?

https://twitter.com/jgarzik/status/511566276255154177

LOL!

What a FUD! It amazes me he is trying with this low quality 

Don't be too harsh it is only human to try to lower the price before buying huge amounts 

[tvbcof]

...
as for unlimited communication, i agree gvt is a clear threat.  but i don't know how you stuff it back in the bag.  we're all too used to it.  i for one, will fight to retain those freedoms.

The threat of p2p communications extends well beyond distributed crypto-currencies though I suspect that they are or will be a significant component of the threat list.

My view is that the best way to address the problem is to proactively engineer not only the technology but also the utilization to provide some defenses before it happens.  This means a 'reserve currency' which due to lowish utilization is somewhat more defensible.  A big component of defense in such a scenario would be the ability to remain hidden (to wit the intensive generation of personal porn vids and the like are swell!)

Often a good way to thwart an attack is to make it unlikely to succeed by developing defenses in advance.  In this case, though, the attack would be on more general free flow of information so hardening Bitcoin or developing and popularizing some similar currency is not likely to play a big role.  I don't really care much if Bitcoin serves the robust reserve role, though I would prefer it for my own benefit being a hodler.  Since the transaction rate is still modest I still hold some hope.  I hope sidechains comes to the rescue.  Not sure how that is coming along since I've been off on other projects for a while now and not following things closely.

[jgarzik]

ok NXT, when are you going to get it together?

https://twitter.com/jgarzik/status/511566276255154177

I've just compiled nxt binary from sources. It took exactly 2 seconds, compile.sh script is bundled with the package. You need JDK, not JRE.
Try it yourself, source code is included:
https://bitbucket.org/JeanLucPicard/nxt/downloads/nxt-client-1.2.8.zip

Utterly useless exercise, without hash proof.

Garzik has no idea what he's twitting about or has an intention to spread FUD.

Guess what?  It was a question.

It is notable when asking questions leading to paranoia and accusations rather than specific answers.

[devphp]

Guess what?  It was a question.

Still looks like FUD in disguise, intentional or not.

[cypherdoc]

asteroid comet gold mining, here we come!:

https://www.sciencenews.org/blog/science-ticker/spot-comet-chosen-rosetta-mission-lander

[kodtycoon]

ok NXT, when are you going to get it together?

https://twitter.com/jgarzik/status/511566276255154177

I've just compiled nxt binary from sources. It took exactly 2 seconds, compile.sh script is bundled with the package. You need JDK, not JRE.
Try it yourself, source code is included:
https://bitbucket.org/JeanLucPicard/nxt/downloads/nxt-client-1.2.8.zip

Utterly useless exercise, without hash proof.

Garzik has no idea what he's twitting about or has an intention to spread FUD.

Guess what?  It was a question.

It is notable when asking questions leading to paranoia and accusations rather than specific answers.

perhaps checking it yourself before tweeting it to the world would have been a better practice to follow. it obviously took devphp 2 seconds to do the necessary due diligence that you failed to do before sending out a potentially harmful tweet, or spreading FUD as i might say in a less polite manner. as a public figure and respected bitcoiner you of all people should know better. the true intentions behind your tweet are very questionable regardless of your defense.

also..  you have publicly attacked NXT in the past which also cast a shadow of doubt over your "innocent question"..

[Damelon]

Guess what?  It was a question.

It is notable when asking questions leading to paranoia and accusations rather than specific answers.

Sorry, but that is just a cop-out answer.

You asked a question that you could have quite easily have answered yourself.

The hashes are always posted on the nxt forum: https://nxtforum.org/nrs-releases/nrs-v1-2-8/ ánd in the Nxt thread: https://bitcointalk.org/index.php?topic=587007.msg8672358#msg8672358

Instead, you throw the question on Twitter, knowing full well how much clout your name has.

An unbiased question could easily have been phrased differently, for instance by providing the source.

It wasn't the asking of questions that was commented on, but the manner in which this question was asked, combined with the person asking it. Every comment has context. To deny that is just silly.

[_mr_e]

I'm just glad to see you are keeping an eye on Nxt's affairs:P You'll be hearing much more about it over the next few months, I can promise you that.

I look forward to the day when we can look back and laugh at how dismissive you all were, just like the early days of bitcoin.

Wow your "bitcoin portfolio" really sucks, should have just keep the BTC

No idea how you could infer what my bitcoin portfolio is from that comment. And bitcoin is still 80% of my crypto portfolio thank you very much.