cypherdoc (OP)
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September 18, 2014, 01:37:15 AM |
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if anybody here has a Pro version of the Tradingview.com chart function, i'd love to see the Volume Profile for Bitcoin at Bitstamp.
obviously, we'd see the peak of the histogram somewhere around here in the 440 range but it would be interesting to see the exact price and the relative heights around it.
It will also be at peak around 600. yeah, i noticed that after i posted. it would be interesting to compare the 2 price levels.
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cypherdoc (OP)
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September 18, 2014, 02:01:47 AM |
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cypherdoc (OP)
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September 18, 2014, 02:44:20 AM |
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hmmm. are they really going to raise interest rates?:
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vipgelsi
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September 18, 2014, 03:27:02 AM |
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I remember when 1 bitcoin was worth more then 1 ounce of gold crazy times.
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cypherdoc (OP)
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September 18, 2014, 03:33:36 AM |
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I remember when 1 bitcoin was worth more then 1 ounce of gold crazy times.
just briefly. i remember sitting there watching Bitcoin ascend to meet gold. what a thrill. it was the culmination of 2.5 yrs of posting about it. if there was one thing that i could point to that capped the rally @1200 back in Dec it was Satoshi daring to touch the face of gold. traders immediately sold it off and took profits as the once considered impossible occurred. we've had a wicked retrace since then but i'm convinced the story is not over and that we will go back up and touch it again.
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jgarzik
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September 18, 2014, 04:43:38 AM |
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In a perfect pure ideal honest world, NXT should reset the chain and develop fully in the open, with provable builds and a better early stake allocation that pays attention to the Central Banker Controls The Timeline Problem. More honest projects these days run a test chain for months, and then launch once most problems are hammered out, and constructive criticism from the tech community has been incorporated.
Is this post for real? You want to reset the blockchain of a coin with 40million market cap that has been running on mainnet without problems for months? Yes. Quite serious. Proof-of-Stake has serious problems, that must be mitigated. Stakeholders in PoS control consensus. That means they control what transactions may, or may not, be permitted into the chain. They are the 100% gatekeepers to the chain. If you have a tiny initial distribution -- just 8 people holding 40% of a certain coin for example, just 64 people getting the rest -- then the central bankers are in place, for life. It is screwed from the start (unless, against their economic interests, the major stakeholders divest their stakes "fairly"). Proof-Of-Stake is fundamentally not permissionless. In contrast, building a mining ASIC might be expensive, but it is doable to anyone in the world with a computer engineering background, and some money. You don't need permission from existing bitcoin holders, to make more bitcoin.
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Jeff Garzik, Bloq CEO, former bitcoin core dev team; opinions are my own. Visit bloq.com / metronome.io Donations / tip jar: 1BrufViLKnSWtuWGkryPsKsxonV2NQ7Tcj
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blaaaaacksuit
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Who cares?
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September 18, 2014, 04:57:57 AM |
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I remember when 1 bitcoin was worth more then 1 ounce of gold crazy times.
just briefly. i remember sitting there watching Bitcoin ascend to meet gold. what a thrill. it was the culmination of 2.5 yrs of posting about it. if there was one thing that i could point to that capped the rally @1200 back in Dec it was Satoshi daring to touch the face of gold. traders immediately sold it off and took profits as the once considered impossible occurred. we've had a wicked retrace since then but i'm convinced the story is not over and that we will go back up and touch it again. What makes you think we'll see this again?
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User705
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First 100% Liquid Stablecoin Backed by Gold
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September 18, 2014, 04:59:08 AM |
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In a perfect pure ideal honest world, NXT should reset the chain and develop fully in the open, with provable builds and a better early stake allocation that pays attention to the Central Banker Controls The Timeline Problem. More honest projects these days run a test chain for months, and then launch once most problems are hammered out, and constructive criticism from the tech community has been incorporated.
Is this post for real? You want to reset the blockchain of a coin with 40million market cap that has been running on mainnet without problems for months? Yes. Quite serious. Proof-of-Stake has serious problems, that must be mitigated. Stakeholders in PoS control consensus. That means they control what transactions may, or may not, be permitted into the chain. They are the 100% gatekeepers to the chain. If you have a tiny initial distribution -- just 8 people holding 40% of a certain coin for example, just 64 people getting the rest -- then the central bankers are in place, for life. It is screwed from the start (unless, against their economic interests, the major stakeholders divest their stakes "fairly"). Proof-Of-Stake is fundamentally not permissionless. In contrast, building a mining ASIC might be expensive, but it is doable to anyone in the world with a computer engineering background, and some money. You don't need permission from existing bitcoin holders, to make more bitcoin. 1st nothing can be 100% fair. Thats idiotic. 2nd check out the threads on here when price was well above $1000. People buying castles and lamborghinis. The stakes will divest themselves. No wealthy person holds the majority of their wealth in cash. 3rd and this is more of your expertise but are you saying that in pure PoS holding 40% somehow can prevent every single transaction those 40% don't want forever. I could be wrong but that doesn't sound right. Eventually even the smallest stake has odds to create a block so just a few % should be sufficient to eventually get transactions included in the chain. May take a longer time but it's not 100% prevented from doing so.
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sidhujag
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September 18, 2014, 05:21:44 AM |
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Here is a gold strategy for you... to prove gata is/was always right in the first place btw. Buy Gold on NY close, Sell Gold on NY Open. Go ahead and test it out long term.
Hey Jeff G. How about DPOS, you think its a better form of POS?
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msin
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September 18, 2014, 05:50:16 AM |
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What is necessary, for NXT or any other crypto-finance software, is to prove independent reproducibility.
The next step is to proactively have developers and community members cross-check each other, to make sure the build produced is the same for all.
This helps ensure that the release manager is not under duress, unknowingly infected with malware, or corrupt. No security solution is perfect, but it raises the bar significantly when multiple parties verify the build.
You should never trust just one person to produce release binaries, in any crypto-finance project. That's called a Single Point of Failure, and it is easy to attack such a narrow victim vector.
Jeff, let me ask you something: On twitter you were emotionally "rude" and "harsh" with NXT. Now, here I see a perfectly balanced post with argumented reasons. Why? Why these "SCAMCOIN", "I am done with your SCAM", "Nice scam you are running here" etc on public (twitter), and this "polite" post in "private" (BTT)? Are you going to blame the 140characters limitation? Or are you hiding an agenda against NXT? Because here he is speaking with an intelligent audience, on Twitter he is talking to anyone dumb enough to follow him.
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FNG
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September 18, 2014, 06:10:15 AM |
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i'd bet just about every serious gold investor has become sick hearing about Bitcoin.
I'm not. There's no reason not to own both if you dislike / don't have faith in the current financial system. As a gold investor it would be silly to disregard bitcoin. As a investor in bitcoin the same could be said. Once the petro-dollar system comes un-done a tsunami of value is going to shift..somewhere.
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NewLiberty
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Gresham's Lawyer
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September 18, 2014, 06:54:03 AM |
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i'd bet just about every serious gold investor has become sick hearing about Bitcoin.
I'm not. There's no reason not to own both if you dislike / don't have faith in the current financial system. As a gold investor it would be silly to disregard bitcoin. As a investor in bitcoin the same could be said. Once the petro-dollar system comes un-done a tsunami of value is going to shift..somewhere. The value of bitcoin is not so contingent on the failure of anything else. It is just better money.
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Hunyadi
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☑ ♟ ☐ ♚
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September 18, 2014, 06:59:23 AM |
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I remember when 1 bitcoin was worth more then 1 ounce of gold crazy times.
just briefly. i remember sitting there watching Bitcoin ascend to meet gold. what a thrill. it was the culmination of 2.5 yrs of posting about it. if there was one thing that i could point to that capped the rally @1200 back in Dec it was Satoshi daring to touch the face of gold. traders immediately sold it off and took profits as the once considered impossible occurred. we've had a wicked retrace since then but i'm convinced the story is not over and that we will go back up and touch it again. IIRC when bitcoin=gold ounce was the peak. Cypherdoc, do you think that confirms there is a strong relationship between gold and btc?
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▂▃▅▇█▓▒░B**-Cultist░▒▓█▇▅▃▂
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marcus_of_augustus
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Eadem mutata resurgo
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September 18, 2014, 07:46:47 AM |
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Erdogan
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September 18, 2014, 08:39:41 AM |
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Good move. I have to reconsider my anti Apple stance.
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Dusty
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September 18, 2014, 01:48:50 PM |
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Good move. I have to reconsider my anti Apple stance. The Apple OS is closed source: how can you be sure that what Apple says it's true?
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Erdogan
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September 18, 2014, 01:51:17 PM |
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Good move. I have to reconsider my anti Apple stance. The Apple OS is closed source: how can you be sure that what Apple says it's true? Good question.
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NewLiberty
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September 18, 2014, 01:55:31 PM |
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Maybe you are not understanding what correlation is or what it means?
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