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Topic: Gold collapsing. Bitcoin UP. - page 404. (Read 2032286 times)

hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
donator
Activity: 2772
Merit: 1019
April 26, 2015, 12:50:21 PM
Does anyone see the connection between Mt.Gox and the western banking system?

Your balances in the bank are soon only nominally same thing as cash in hand. They never were quite the same, but as convertibility is severed, the price will also diverge.

I see the connection. But I also see a difference: with mtGox, when it became clear the risk was substantial, trading sites popped up that allowed trading of the goxBTC IOUs vs. real BTC. That's probably not going to happen with traditional bank deposits.
legendary
Activity: 817
Merit: 1000
April 26, 2015, 11:55:42 AM
I don't believe that would be the same if you include the $ value of all the assets listed on the platform. The nxt token is not the most important aspect of the system, it is simply a mechanism of which to pay for access to features on the system. You are looking at the wrong metrics. Getting into to nxt doesn't necxasarily mean to buy the Nxt token. In fact many are unable to hang in to the token as they find better uses for them, which is part of the reason the price is lower.
Very nice.

You pump the nxt token one moment, the when you get called out on it you immediately change stories as if nobody will notice.

Nope. I am mostly ever only talking about supernet, just so happens nxt is a vital and core component and the two are pretty much becoming one in the same. Nxt doing its job as a platform is what allowed for Supernet's existence, and will allow for many more things to come.


Again by that I mean the ecosystem not neccasarily the token itself. There are many different ways to accomplish that. Your comparing nxt to bitcoin when they are not at all the same thing.

Nxt is the use of blockchain technology to create decentralized applications. Bitcoin is a currency and sov. Very different.

Thanks to Supernet we will be able to use Bitcoin ON the nxt platform, weaving the best of both worlds.
legendary
Activity: 1764
Merit: 1002
April 26, 2015, 11:52:56 AM
I don't believe that would be the same if you include the $ value of all the assets listed on the platform. The nxt token is not the most important aspect of the system, it is simply a mechanism of which to pay for access to features on the system. You are looking at the wrong metrics. Getting into to nxt doesn't necxasarily mean to buy the Nxt token. In fact many are unable to hang in to the token as they find better uses for them, which is part of the reason the price is lower.
Very nice.

You pump the nxt token one moment, the when you get called out on it you immediately change stories as if nobody will notice.

Nope. I am mostly ever only talking about supernet, just so happens nxt is a vital and core component and the two are pretty much becoming one in the same. Nxt doing its job as a platform is what allowed for Supernet's existence, and will allow for many more things to come.

legendary
Activity: 817
Merit: 1000
April 26, 2015, 11:48:05 AM
I don't believe that would be the same if you include the $ value of all the assets listed on the platform. The nxt token is not the most important aspect of the system, it is simply a mechanism of which to pay for access to features on the system. You are looking at the wrong metrics. Getting into to nxt doesn't necxasarily mean to buy the Nxt token. In fact many are unable to hang in to the token as they find better uses for them, which is part of the reason the price is lower.
Very nice.

You pump the nxt token one moment, the when you get called out on it you immediately change stories as if nobody will notice.

Nope. I am mostly ever only talking about supernet, just so happens nxt is a vital and core component and the two are pretty much becoming one in the same. Nxt doing its job as a platform is what allowed for Supernet's existence, and will allow for many more things to come.
legendary
Activity: 1400
Merit: 1013
April 26, 2015, 11:46:46 AM
I don't believe that would be the same if you include the $ value of all the assets listed on the platform. The nxt token is not the most important aspect of the system, it is simply a mechanism of which to pay for access to features on the system. You are looking at the wrong metrics. Getting into to nxt doesn't necxasarily mean to buy the Nxt token. In fact many are unable to hang in to the token as they find better uses for them, which is part of the reason the price is lower.
Very nice.

You pump the nxt token one moment, the when you get called out on it you immediately change stories as if nobody will notice.
legendary
Activity: 817
Merit: 1000
April 26, 2015, 11:39:07 AM
I don't believe that would be the same if you include the $ value of all the assets listed on the platform. The nxt token is not the most important aspect of the system, it is simply a mechanism of which to pay for access to features on the system. You are looking at the wrong metrics. Getting into to nxt doesn't necxasarily mean to buy the Nxt token. In fact many are unable to hang in to the token as they find better uses for them, within the ecosystem, which is part of the reason the price is lower.
legendary
Activity: 1764
Merit: 1002
April 26, 2015, 11:22:57 AM
Ya we're in a bear market in case you didn't notice:



not quite the same thing. 

NXT's troubles are compounded atop the Bitcoin chart, relatively speaking, as the NXT/BTC shows.  yet Bitcoin is still, in the big pic, still way up from where it started back in 2009.  otoh, NXT is below where it started off in USD terms.

legendary
Activity: 817
Merit: 1000
April 26, 2015, 11:10:40 AM
Ya we're in a bear market in case you didn't notice:



I think this is the section you're looking for mate-

https://bitcointalk.org/index.php?board=67.0

Just answering questions. And that esma notice was littered with NXT references - the accuracy of the info was oddly quite high, like someone has been doing their homework.
legendary
Activity: 2002
Merit: 1040
April 26, 2015, 11:09:02 AM
Ya we're in a bear market in case you didn't notice:



I think this is the section you're looking for mate-

https://bitcointalk.org/index.php?board=67.0
legendary
Activity: 817
Merit: 1000
April 26, 2015, 11:07:01 AM
Ya we're in a bear market in case you didn't notice:

legendary
Activity: 1764
Merit: 1002
April 26, 2015, 11:00:12 AM

Far from it. http://nxter.org/supernet-newsletter-16/. Extreme amount of talented developers joining. 540+ slack members now from many different circles across crypto.

Also, nearing release of first decentralized exchange, with a flat trading fee of a few cents:



Hint: Supernet is NXT 2.0


looks like it's dying to me:

legendary
Activity: 817
Merit: 1000
April 26, 2015, 10:40:19 AM

Far from it. http://nxter.org/supernet-newsletter-16/. Extreme amount of talented developers joining. 540+ slack members now from many different circles across crypto.

Also, nearing release of first decentralized exchange, with a flat trading fee of a few cents:



Hint: Supernet is NXT 2.0
legendary
Activity: 961
Merit: 1000
April 26, 2015, 10:14:46 AM
Happened to look at Google trends page and noticed they had a part of global Bitcoin searches. Take from it what you will.

2012: Finland, Sweden, US, Australia, Norway, Canada, Russia

2013: China, Netherlands, Estonia, HK, US, Finland, Czech

2014: Iceland, Estonia, China, US, Canada, Slovenia, Singapore

2015: Slovenia, Ukraine, Singapore, HK, US, Canada, Sweden


Last 12 months, surprisingly, the largest regional interest came from Ghana. Then Slovenia, Estonia and a tad further down Latvia.


Eastern / Fringe Euro area are interested in alternate store of value, Africa for utility.
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
April 26, 2015, 09:29:25 AM
So the argument goes from "required by guidelines to report transactions" to "judge transactions and refuse to enact them". Quite a jump.

It pits the notion of "Legal Tender" and "right to refuse service" at odds.  The bank wins both ways.

Central banking has waged an international war on cash for a long time.
We are down to about 10% off ledger money (cash) now in the USA for example.

The banker's goal is for money to only ever exist or move at their pleasure.  It becomes monetary totalitarianism.  To quote Bernard von Nothaus, "People can not be free until their money is free".
donator
Activity: 1722
Merit: 1036
April 26, 2015, 07:00:01 AM
Does anyone see the connection between Mt.Gox and the western banking system?

Your balances in the bank are soon only nominally same thing as cash in hand. They never were quite the same, but as convertibility is severed, the price will also diverge.
donator
Activity: 2772
Merit: 1019
April 26, 2015, 04:16:15 AM
So it could be that distribution of funds across addresses increased (probably correlated to lower address reuse and increased use of HD wallets). When funds are spread accross more addresses within wallets, naturally the error in measuring transaction volume decreases, because wallets can find more suitable inputs from the larger set => change percentage in transactions decreases => error decreases.

Address balances don't matter by the way, nor does address reuse, because outputs feed transactions, not addresses.

You could be right. After much thinking and playing with some numbers, I'm not sure anymore. Postponed.
legendary
Activity: 1764
Merit: 1002
April 26, 2015, 04:08:45 AM
Going to be changing the poll soon so get your votes in.
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