Topic: Gold collapsing. Bitcoin UP. - page 262. (Read 2032248 times)

no, no, we learned from the great programmer, TPTB, that he means the program will not run 

what matter for digital gold is that it's supply remains fixed but gets secured by widespread adoption across the planet.  everybody needs to use it to protect against gvts trying to stomp it out

"banks" were used as a broad term to encompass Visa/Paypal

not really.  he created a piece that Satoshi joined with other pieces to form Bitcoin.

it is a revolution.  but it needs to be widely adopted.

Gregory Maxwell is Bitcoin core developer. He is author of  CoinJoin.

also

Type 2 hierarchical deterministic wallet

This wallet type is described in BIP 0032 and is fully implemented in TREZOR, Electrum and CarbonWallet. The seed is a random 128 bit value presented to the user as a 12 word mnemonic using common English words. The seed is used after 100,000 rounds of SHA256 to slow down attacks against weak user-chosen strings. [1].

The initial description and workings of this wallet type is credited to Gregory Maxwell.
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You cypherdoc are an anonymous troll. You are not in same league as Blockstream guys.

that'd be him.  MOA is an extremist.  the worst of the bunch.

What are you, some kind of mafia enforcer?

Are you're saying that if anyone dares to question the #bitcoin-wizards they'll send their sockpuppets around to vandalize conversations as retaliation?

The point Szabo retweeted (and favorited) is that it's not possible for Bitcoin's volumes to approach Visa-scale just by using gigantic blocks.

We simply can't get there from here.  Simply super-sizing blocks is not true scaling.  We need side/tree/Lightening/alt chains to even plan the start of the long journey towards coming close to approaching in theory the subject of scaling to Visa+Paypal+gold+TBTF zombie bank levels.

Diverse/diffuse/defensible/resilient blockchains are not a substitute for specialized/proprietary/centralized/optimized real-time Visa-type retail POS systems or consumer friendly Paypal-style payment systems.

The Genesis Block mentions bailouts for TBTF banks.  It does not mention Visa or Paypal.

Szabo conceived of Bitcoin and Monero in the early 90s, so I think he knows what he's talking about in matters of e-cash.



Bitcoin is revolution, not yet another trendy new payment rail for impressing your yuppie friends at the hipster micro-roastery.

it's not "with me".  it's with Gavin.  yes, i trust Gavin way more than the other financially conflicted Blockstream devs. 

i'm not the one who came up with the block size increase idea.  it's a recommendation from the only guy who could have got us here since Satoshi turned over the reins to him.  guys like gmax and luke were causing trouble long before this issue became a debate.

What, the "if they're not with me, then they're against me" reality pattern?

TPTB dev goes down with a whimper and right on time, MOA dev shows up throwing hand grenades.

anyone see the pattern i've already pointed out?  but it's ok, there are plenty of excellent devs with the right vision.

Hi guise, how's the slow-mo trainwreck going in here? everyone happy? good 

Notice how it went off the rails when you started crappin all over the devs?

Try to keep it in your trousers, remember who's piloting this plane, who's the passengers and stop trying to grab the stick, KK? Ta, tally ho.

No, to this day, reading his blog makes me cringe. 

that's possible altho from what i recall those grammatical problems were confined to the time when he was in prison.  remember, he was beat up, probably malnourished, mentally ill, and who knows, maybe faking mistakes to make his condition appear worse for when he appealed.  

"but he may construct a civil lawsuit against me", whimper, whimper.  "oh wait, i'm in the Phillipines!  or am i?", whimper, whimper.

TPTB_need_war, he may be able to check out your eye

"i need to sleep", whimper, whimper.  "i need to travel to another location", whimper, whimper.

ROFLMAO!   what a jackass.

lol, see i knew it.  all blow and no go.

I believe you are interested in constructing evidence to build some civil suit against me.

I don't think that there is much day-to-day traffic in gold between central banks because that role was fully devolved to the US$ in 1971. So, in the modern era there is a split between SoV and payments, which didn't exist before the 20th Century.
Bitcoin is a difficult comparison because it straddles and rejoins the two domains: currency and payments, so while gold is primarily a SoV currency, Visa is 100% a payment system and contributes to the velocity in fiat. The potential for Bitcoin is phenomenal because it can usurp both domains if computing technology permits. This is probably only a question of time because computing tech is getting more powerful at a much faster rate than the world economy is growing.
Bitcoin is also interesting because for the first time there is a currency for which velocity can be exactly measured, as most of the time it is statistical guesswork.


The most important single feature of Bitcoin is its 21 million cap. Decentralization is the horse for this cart. The goal is to maintain the 21 million (preventing extra issuance and double-spending). Decentralization is the only way to be sure of this, compared to say, XRP, which could be upped at any time.
The solution to centralization concerns is to implement payment channels for node services, as Justus Ranvier has detailed, not to restrict volumes by pretending that Bitcoin is competing with gold only.

i call your bluff and now you can't deliver?

you're still wrong.  both as a programmer stuck on "start" and with your economic assessment.

I don't have Skype installed at this location. I have to travel to other location.