NewLiberty
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Activity: 1204
Merit: 1002
Gresham's Lawyer
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September 23, 2014, 06:48:43 PM |
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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molecular
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Activity: 2772
Merit: 1019
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September 23, 2014, 06:51:27 PM |
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aye caramba!
just got home... what's the gist?
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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molecular
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Activity: 2772
Merit: 1019
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September 23, 2014, 06:53:16 PM |
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lol, wtf. the shorts on finex are still there in their full 11k beauty...?!? wouldn't have thought.
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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notme
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Activity: 1904
Merit: 1002
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September 23, 2014, 06:56:59 PM |
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lol, wtf. the shorts on finex are still there in their full 11k beauty...?!? wouldn't have thought.
bears have gained hubris, time to slaughter |
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ErisDiscordia
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Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
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September 23, 2014, 07:04:58 PM |
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wow thanks for this! That was one of the most refreshing perspectives I've heard in a while. |
It's all bullshit. But bullshit makes the flowers grow and that's beautiful.
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arxwn
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Activity: 56
Merit: 0
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September 23, 2014, 07:09:31 PM |
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A floating abstraction based on force and politics is loosing value relatively to a rational and mathematically secure tool of value exchange.
Yes seems plausible and inevitable !!!
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thezerg
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Activity: 1246
Merit: 1010
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September 23, 2014, 07:11:16 PM |
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lol, wtf. the shorts on finex are still there in their full 11k beauty...?!? wouldn't have thought.
This is awesome because it shows that this wasn't a covering rally like the last one. RE: digital money beating gold. Cypherdoc I think that this is one of the smartest things you've said on this forum so far. You observed that digital money makes transmission instant and therefore can be deployed rapidly to calm panics, etc. That is, the physical act of deployment can happen quickly. I'd like to extend this a tidbit to also observe that unbacked money has the advantage that social/political advantage that the decision to transfer can be made quickly and in a centralized fashion. That is, deciding to pull gold out of Fort Knox and send it to god knows where would probably require an act of congress and freak out the general public. But telling some bank that they can add a couple of zeros to their balance sheet, especially given that that money needs to STAY on the balance sheet to meet additional solvency regulations, seems to be done by a couple of people sitting in a conf room with no oversight or public knowledge of the situation. This may not be GOOD, but it let fiat beat gold... |
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justusranvier
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Activity: 1400
Merit: 1009
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September 23, 2014, 07:15:26 PM |
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RE: digital money beating gold. If it wasn't for the religion of gold throwing so many smokescreens up around the issue, it would be generally considered as obvious as the fact that the internal combustion engine beat horses as a transportation provider. |
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arxwn
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Activity: 56
Merit: 0
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September 23, 2014, 07:16:10 PM |
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lol, wtf. the shorts on finex are still there in their full 11k beauty...?!? wouldn't have thought.
This is awesome because it shows that this wasn't a covering rally like the last one. RE: digital money beating gold. Cypherdoc I think that this is one of the smartest things you've said on this forum so far. You observed that digital money makes transmission instant and therefore can be deployed rapidly to calm panics, etc. That is, the physical act of deployment can happen quickly. I'd like to extend this a tidbit to also observe that unbacked money has the advantage that social/political advantage that the decision to transfer can be made quickly and in a centralized fashion. That is, deciding to pull gold out of Fort Knox and send it to god knows where would probably require an act of congress and freak out the general public. But telling some bank that they can add a couple of zeros to their balance sheet, especially given that that money needs to STAY on the balance sheet to meet additional solvency regulations, seems to be done by a couple of people sitting in a conf room with no oversight or public knowledge of the situation. This may not be GOOD, but it let fiat beat gold... That is a great observation explaining the true nature of fiat, that of a manipulation tool and as such it has a great value to the political class. On the other hand real money is like physics it doesnt care about your feelings if you step out of the ledge and crash on the concrete. There's a real discussion to be made by rational and civilised societies in the future about this. For the time being bitcoiners are creating the future without asking permission. |
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smoothie
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Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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September 23, 2014, 07:16:43 PM |
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So the bitcoin price is going up and to the left? Didn't think that was possible. lol  |
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▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌
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²²²
███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
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cypherdoc (OP)
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Activity: 1764
Merit: 1002
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September 23, 2014, 07:16:43 PM |
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remember what i said about clearing the resistance ceiling near 440. there is little to no further resistance until 600. given the magnitude of the Paypal news and the longish almost 10m bearish trend, we could see us move up fast.
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cypherdoc (OP)
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Activity: 1764
Merit: 1002
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September 23, 2014, 07:17:45 PM |
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So the bitcoin price is going up and to the left? Didn't think that was possible. lol i know, i know. i tried for about a minute to flip it in imgur but noscript was messing me up. Up. i mean UP! |
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sgbett
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Activity: 2576
Merit: 1087
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September 23, 2014, 07:23:04 PM |
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I seem to remember it happening before...  |
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
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arxwn
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September 23, 2014, 07:23:57 PM |
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UP UP and AWAY
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cypherdoc (OP)
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September 23, 2014, 07:25:41 PM |
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aim for head shot btwn the eyes:  |
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klee
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September 23, 2014, 07:34:35 PM |
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aim for head shot btwn the eyes: What percentage of these shorts are already sold? Do we know? |
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thezerg
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Activity: 1246
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September 23, 2014, 07:39:19 PM |
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RE: digital money beating gold. If it wasn't for the religion of gold throwing so many smokescreens up around the issue, it would be generally considered as obvious as the fact that the internal combustion engine beat horses as a transportation provider. Yes, I tell people that Bitcoin is the first engineered sound money. In analogy if you cut down a forest for firewood, gold is like an axe. Its the best refined-but-mostly-natural solution. Bitcoin is a chainsaw. It uses scientific knowledge, and complex technology to optimize the solution across multiple criteria. Fiat is like the king choosing to relabel all thermometers. |
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BuildTheFuture
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September 23, 2014, 07:39:27 PM |
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You can mouseover the chart data points to see what time each point was gathered. Looks like it updates at the top of each hour.
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cypherdoc (OP)
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September 23, 2014, 07:47:19 PM |
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commercial RE broke support:  |
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arxwn
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September 23, 2014, 07:47:35 PM |
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RE: digital money beating gold. If it wasn't for the religion of gold throwing so many smokescreens up around the issue, it would be generally considered as obvious as the fact that the internal combustion engine beat horses as a transportation provider. Yes, I tell people that Bitcoin is the first engineered sound money. In analogy if you cut down a forest for firewood, gold is like an axe. Its the best refined-but-mostly-natural solution. Bitcoin is a chainsaw. It uses scientific knowledge, and complex technology to optimize the solution across multiple criteria. Fiat is like the king choosing to relabel all thermometers. Lol nice metaphor  |
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