Topic: Gold collapsing. Bitcoin UP. - page 174. (Read 2032248 times)
Antpool back in defensive mode due to filled blocks. tell me, what do we have core devs for again?:
goodl 'ol SLW in critical mode:
when the BIS talks like this, you know we got a problem:
http://www.telegraph.co.uk/finance/economics/11704051/The-world-is-defenseless-against-the-next-financial-crisis-warns-BIS.html
http://www.telegraph.co.uk/finance/economics/11704051/The-world-is-defenseless-against-the-next-financial-crisis-warns-BIS.html
Even the Elliot Wave guys are bracing for a possible surge.
https://bitcointalksearch.org/topic/m.11744199
https://bitcointalksearch.org/topic/m.11744199
we're getting close to 2.3 TPS in the Tradeblock post:
blocks filling up. again:
^ Time to post this again: http://nakamotoinstitute.org/mempool/who-controls-bitcoin/
from the article:
This is not to say that Bitcoin is a divine substance or some immaculate bit of quintessence. It just means that Bitcoin upgrades must be a clear improvement to Bitcoin as an investment or else they face a sharp uphill battle to adoption. Any scheme to reprogram it in service of special interests would almost certainly reduce its value proposition because it would change Bitcoin from something good for the world to something good for a smaller group. Of course, people actually need to be paying attention in order to prevent it, but we also don't need to go mad with hypervigilance
and this is where guys like me come in. i AM hypervigilant. i think i see things clearly. i don't go mad. and i am an investor.
but most importantly, i am unconflicted. so at least you know you're getting an honest opinion.
DZZ already gone green:
Thanks so much. You are doing my promotion for me. Kudos.
Delusions of grandeur, check.
he's an idiot. surely a disgrace as a supposed "engineer". don't waste your time.
i put him back on ignore for now.
trannies leading to the downside.
once the industrials breaks it SL, it's game over:
once the industrials breaks it SL, it's game over:
Dow futures -255
No worries will be up 100 by morningyou're in trouble
Gold up
sorry. reversing all it's gains.
Gold collapsing. Bitcoin UP:
Currently trying to fill the gap. Big shorts @ 1.1160, i would say.
they always do that before a deeper plunge
"85% chance that Greece is forced to leave the Euro zone".
oops.
oops.
Don't worry, because "The Financial Crisis Is Over."
Dow futures -255
Good. More
if you're serious then that's a great argument for block size increases.
Currently trying to fill the gap. Big shorts @ 1.1160, i would say.
^ Time to post this again: http://nakamotoinstitute.org/mempool/who-controls-bitcoin/
This would be the final arbiter.
But, like the fork in 2013, I think miners would solve it before trading on classic vs new began.
Yup. It's the silent ace up investors' sleeves that prevents any funny business by the miners, devs, or other stakeholders.
This is incomplete logic thus illogical.
The essay forgets:
1. A 51% attack can enforce a protocol, but not including minority blocks in the longest chain. I already obliterated rocks' argument upthread that anyone could prove this is happening and thus get the masses to act on it by pulling their mining nodes (the masses don't mine). There is no way to prove that a minority chain is the honest one when it comes to censoring transactions.
2. Mining income is not the only potential profit motive from some entity aggregating hashrate for the purposes of censoring transactions.
3. Asymmetries in the impacts on profitability of different classifications of miners due to protocol changes, potentially change the dynamics in ways that the author's simpleton analysis miss.
I don't think you see the full extent of the paradigm shift the author hints at (perhaps the author doesn't, either).
A 51% attack is one thing, sure, if that's your concern it gets more complicated but certainly not impossible to tell that, for example, there is widespread inability to get transactions through. In the worst case, a nuke (spinoff to protocol with a different mining algo, retaining the ledger) can be made to be very easy to do. No proof of miner malfeasance is needed, mere suspicion will do if it is easy enough to go through the spinoff process. If it needs to be a regular thing, it can soon be done without the user even noticing by having the wallet software be advanced enough. Let that sink in. Investors always hold the final card. Miners make investors jumpy at their own peril, no matter what the miners' motivations are. Certainly there are tradeoffs, as investors know not to piss miners off too much or else alienate their hashing security team, but if this is just going to be another "Bitcoin is broken because 51% attack" argument where you are saying your system fixes this, well, that's cool but only once you show it. It doesn't mean anything to anyone just saying you have a better solution. We have no way of knowing you're right or wrong, and there are too many claiming the same.
Now if you'll say everyday users/sheep will just go with the flow, sure, they may and they will have their transactions censored, then, but with wallet software that makes it a snap - even unnoticeable, default - to switch to spinoffs at will so that the ledger is always maintained, the friction is reduced to practically zero. At worst we are back to a situation where people "don't realize they should be using Bitcoin," but this time it's little more than a single click on an interface to fix that.
Dow futures -255
No worries will be up 100 by morning 
"85% chance that Greece is forced to leave the Euro zone".
oops.
oops.
Don't worry, because "The Financial Crisis Is Over."
Dow futures -255
Good. More
it's not blind trust. do you follow Reddit and other sources? there have been plenty of analyses of the scaling issue. i've also looked at Gavin's calcs and simulation. the Tradeblock analyses are good. basically, there's lots of good info on scaling if you're willing to look around. it should work out just fine. and yes, i trust Gavin way more than the BS devs. all the character assassinations don't help as well.
@thezerg how did this new coin achieve greater security and trust than bitcoin? How did "silver" become more trusted than "gold"?
I do not understand the fear, or the reason for it.
his theory depends on Bitcoin simply failing to execute Satoshi's vision.
Quote
@thezerg how did this new coin achieve greater security and trust than bitcoin? How did "silver" become more trusted than "gold"?
I do not understand the fear, or the reason for it.
his theory depends on Bitcoin simply failing to execute Satoshi's vision.
I do not follow reddit. If I'm directed to an interesting post I'll check it out, but I do not like the format.
If you've looked into it and you're confident that it's a better choice, then that's good. I always appreciate considering an informed opinion.
But when you're flat out trolling and spreading FUD like your comment from earlier then you forfeit any semblance of respect.
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