Author

Topic: Gold collapsing. Bitcoin UP. - page 429. (Read 2032286 times)

legendary
Activity: 2002
Merit: 1040
April 08, 2015, 12:34:00 PM

Cypher, just curious if you've seen this and what your thoughts are...

http://prestonbyrne.com/2015/04/08/blockchain-without-bitcoin-is-now-a-thing/


I cringe everytime I see that guy's name mentioned. Nothing like building your brand name around a fallacy.

exactly

nuff said  Grin
legendary
Activity: 1764
Merit: 1002
April 08, 2015, 12:21:08 PM

Cypher, just curious if you've seen this and what your thoughts are...

http://prestonbyrne.com/2015/04/08/blockchain-without-bitcoin-is-now-a-thing/


I cringe everytime I see that guy's name mentioned. Nothing like building your brand name around a fallacy.

exactly
legendary
Activity: 1288
Merit: 1000
Enabling the maximal migration
April 08, 2015, 12:18:14 PM

Cypher, just curious if you've seen this and what your thoughts are...

http://prestonbyrne.com/2015/04/08/blockchain-without-bitcoin-is-now-a-thing/


I cringe everytime I see that guy's name mentioned. Nothing like building your brand name around a fallacy.
legendary
Activity: 2002
Merit: 1040
April 08, 2015, 11:42:03 AM

Cypher, just curious if you've seen this and what your thoughts are...

http://prestonbyrne.com/2015/04/08/blockchain-without-bitcoin-is-now-a-thing/
legendary
Activity: 1764
Merit: 1002
April 08, 2015, 10:45:45 AM
now that the concept of the Bitcoin unit being inextricably linked to the blockchain is finally being better understood, the next logical extension of that concept is that sidechains make no sense.  for all of the reasons i, and Adrian, have been arguing for months on end late last year.
what do you think about payment channels (e.g. lightning.network) as a way to scale up in terms of txs throughput?

i half listened to the first lecture video on the concept a couple of weeks ago while in the car.  but nothing else since.  it seems interesting but i do remember that it will require a soft fork.  getting all the core devs onboard for a change like that will be tough. 

much of what i do in this thread is not necessarily make judgments on which tech is good or bad for Bitcoin but what the chances are that a certain tech will actually get adopted given all the political and economic circumstances surrounding Bitcoin and the general economy.  sidechains is an exception, i see them as a real "threat" to Bitcoin which could derail the whole system due to unforeseen economic assumptions. 
legendary
Activity: 1764
Merit: 1002
April 08, 2015, 10:36:08 AM
heads up, stocks looking to break to the downside.
legendary
Activity: 1246
Merit: 1010
April 08, 2015, 10:35:46 AM
People claim fiat currency advantage since you can reverse fraudulent transactions.  That may be true for a short period of time but let's not let the financial industry fool people into thinking that their transactions are actually entirely reversible:

http://www.france24.com/en/20150408-1-billion-disappears-moldova-looks-answers/?aef_campaign_date=2015-04-08&aef_campaign_ref=partage_aef&dlvrit=66745&ns_campaign=reseaux_sociaux&ns_linkname=editorial&ns_mchannel=social&ns_source=twitter

An entire country and its central bank can't get these txns reversed!

legendary
Activity: 1260
Merit: 1008
April 08, 2015, 10:35:13 AM
now that the concept of the Bitcoin unit being inextricably linked to the blockchain is finally being better understood, the next logical extension of that concept is that sidechains make no sense.  for all of the reasons i, and Adrian, have been arguing for months on end late last year.
what do you think about payment channels (e.g. lightning.network) as a way to scale up in terms of txs throughput?
legendary
Activity: 1764
Merit: 1002
April 08, 2015, 10:33:20 AM
i smile more and more each day knowing that a true understanding of what Bitcoin is and how it functions has now reached critical mass levels.  it's been a long, hard fought war but i think we're there.  we have much to be optimistic about looking forward:

https://www.reddit.com/r/Bitcoin/comments/31qdbc/please_show_me_arguments_in_favour_of_blockchain/

Wow, I'm really surprised how many people get it there!  Is it maybe just few but loud noises (media outlets, VC companies) that give the impression of "blockchain without bitcoin" being the current hype?  Or did sentiment change recently?

It's just because the subreddit has been bombarded with arguments debunking the misconception over the past few days. In thread after thread. The crowd there can be slow, but hit them hard enough in a short timespan and it starts to sink in.

now that the concept of the Bitcoin unit being inextricably linked to the blockchain is finally being better understood, the next logical extension of that concept is that sidechains make no sense.  for all of the reasons i, and Adrian, have been arguing for months on end late last year.
legendary
Activity: 1764
Merit: 1002
April 08, 2015, 10:30:23 AM
damn, i just missed setting the other half of my gold short @1224 by a few minutes the other day.  oh well.
legendary
Activity: 3794
Merit: 5474
April 08, 2015, 09:41:40 AM
i smile more and more each day knowing that a true understanding of what Bitcoin is and how it functions has now reached critical mass levels.  it's been a long, hard fought war but i think we're there.  we have much to be optimistic about looking forward:

https://www.reddit.com/r/Bitcoin/comments/31qdbc/please_show_me_arguments_in_favour_of_blockchain/

Wow, I'm really surprised how many people get it there!  Is it maybe just few but loud noises (media outlets, VC companies) that give the impression of "blockchain without bitcoin" being the current hype?  Or did sentiment change recently?

It's just because the subreddit has been bombarded with arguments debunking the misconception over the past few days. In thread after thread. The crowd there can be slow, but hit them hard enough in a short timespan and it starts to sink in.

It's been a good narrative for the media to crank up, this idea that "Bitcoin-the-blockchain" has merit, but "Bitcoin-the-currency" they are still unsure.  Notice that this is a slow turnaround from the "Bitcoin-sucks-and-you-should-avoid-it-completely" narrative that they have been spewing for the last year, and this new narrative gives them a clean out from that negative view.

Notice too that they start timing this new narrative exactly when the Bitcoin market bottoms out, and is now on a slight uptrend.

So why would they do this?  So that the media can begin mentioning Bitcoin a thousand times online, with a lukewarm but slightly positive spin.  As bitcoin gains traction again, this narrative will get increasingly more positive.  The internet has a historical component that the media manipulates, so that when they switch back to the narrative "Could Bitcoin the currency be the next big thing?" again, it will seem to those searching online that the media has been talking about the positives of bitcoin for a whole year.  And the sheep will of course follow this blindly.

They do this with the stock market as well, to great effect.

legendary
Activity: 1036
Merit: 1000
April 08, 2015, 09:25:56 AM
i smile more and more each day knowing that a true understanding of what Bitcoin is and how it functions has now reached critical mass levels.  it's been a long, hard fought war but i think we're there.  we have much to be optimistic about looking forward:

https://www.reddit.com/r/Bitcoin/comments/31qdbc/please_show_me_arguments_in_favour_of_blockchain/

Wow, I'm really surprised how many people get it there!  Is it maybe just few but loud noises (media outlets, VC companies) that give the impression of "blockchain without bitcoin" being the current hype?  Or did sentiment change recently?

It's just because the subreddit has been bombarded with arguments debunking the misconception over the past few days. In thread after thread. The crowd there can be slow, but hit them hard enough in a short timespan and it starts to sink in.
legendary
Activity: 1764
Merit: 1002
April 08, 2015, 09:02:15 AM
Another thing, Satoshi Nakamoto never talked about "Sound Money" or "New Age Gold Buggery", never.
The only time he did mention why the 21 M supply limit was when he said it would create a "positive feedback loop" as an addition in his first posts.

He always intended bitcoin to be a payment system for e-commerce. The whitepaper has this written all over it and anything else too.
That clearly failed. Because today nobody spends bitcoin (aside from drug dealers, pretty much).

You are just putting your ideologies where they don't even belong.

So much BS from you.  Aren't you ashamed of being so obvious?  I'm just finishing up Satoshi's writings, the book by Paul Champagne. Of  course you've never read it but it mentions Bitcoins similarity to gold and gold  mining many times. It's a pervasive theme. He also mentions bitcoins fixed supply  and how you ought to pick some up as he predicted they might one day become quite valuable as a result.

Don't you realize how hypocritical you sound spending all your valuable time hanging out on a Bitcoin forum trolling? Do you not have any self respect?

Yeah, whatever.  You know nothing of Satoshi's work, he has prophesied and spake thus:
"He [inventor of LEOCoin, Dan Anderson] it is, who coming after me is preferred before me, whose shoe's latchet I am not worthy to unloose."

It's right there, in The White Paper!  Do you even read, bro?

sporket, you've busted a sproket.
legendary
Activity: 1764
Merit: 1002
April 08, 2015, 09:01:02 AM
Hmm, I wonder if Russia is still pissed about that whole "pulling-the-oil-market-support-rug" thing that the US did as retaliation for Ukraine? Lol

http://finance.yahoo.com/news/report-russia-hacked-white-house-213155901.html

How certain can  they be that it's indeed "the Ruskies"?

Pretty sure.  ICE started the oil scam going in 2009, artificially jacking up oil for years.  Then recently pulled the rug (I'm sure the US goberment had a hand in it) and now Russia is butthurt.  Lol.



No. I mean technically its pretty hard to tell the origin of these kinds of attacks. What makes this so easy?
legendary
Activity: 3794
Merit: 5474
April 08, 2015, 08:39:48 AM
Hmm, I wonder if Russia is still pissed about that whole "pulling-the-oil-market-support-rug" thing that the US did as retaliation for Ukraine? Lol

http://finance.yahoo.com/news/report-russia-hacked-white-house-213155901.html

How certain can  they be that it's indeed "the Ruskies"?

Pretty sure.  ICE started the oil scam going in 2009, artificially jacking up oil for years.  Then recently pulled the rug (I'm sure the US goberment had a hand in it) and now Russia is butthurt.  Lol.

legendary
Activity: 1764
Merit: 1002
April 08, 2015, 08:09:50 AM
Hmm, I wonder if Russia is still pissed about that whole "pulling-the-oil-market-support-rug" thing that the US did as retaliation for Ukraine? Lol

http://finance.yahoo.com/news/report-russia-hacked-white-house-213155901.html

How certain can  they be that it's indeed "the Ruskies"?
sr. member
Activity: 280
Merit: 250
April 08, 2015, 08:08:00 AM
Another thing, Satoshi Nakamoto never talked about "Sound Money" or "New Age Gold Buggery", never.
The only time he did mention why the 21 M supply limit was when he said it would create a "positive feedback loop" as an addition in his first posts.

He always intended bitcoin to be a payment system for e-commerce. The whitepaper has this written all over it and anything else too.
That clearly failed. Because today nobody spends bitcoin (aside from drug dealers, pretty much).

You are just putting your ideologies where they don't even belong.

So much BS from you.  Aren't you ashamed of being so obvious?  I'm just finishing up Satoshi's writings, the book by Paul Champagne. Of  course you've never read it but it mentions Bitcoins similarity to gold and gold  mining many times. It's a pervasive theme. He also mentions bitcoins fixed supply  and how you ought to pick some up as he predicted they might one day become quite valuable as a result.

Don't you realize how hypocritical you sound spending all your valuable time hanging out on a Bitcoin forum trolling? Do you not have any self respect?

Yeah, whatever.  You know nothing of Satoshi's work, he has prophesied and spake thus:
"He [inventor of LEOCoin, Dan Anderson] it is, who coming after me is preferred before me, whose shoe's latchet I am not worthy to unloose."

It's right there, in The White Paper!  Do you even read, bro?
legendary
Activity: 3794
Merit: 5474
April 08, 2015, 06:56:37 AM
Hmm, I wonder if Russia is still pissed about that whole "pulling-the-oil-market-support-rug" thing that the US did as retaliation for Ukraine? Lol

http://finance.yahoo.com/news/report-russia-hacked-white-house-213155901.html
legendary
Activity: 1400
Merit: 1013
April 08, 2015, 05:23:54 AM
Quote from: Satoshi Nakamoto
The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.

A generation ago, multi-user time-sharing computer systems had a similar problem. Before strong encryption, users had to rely on password protection to secure their files, placing trust in the system administrator to keep their information private. Privacy could always be overridden by the admin based on his judgment call weighing the principle of privacy against other concerns, or at the behest of his superiors. Then strong encryption became available to the masses, and trust was no longer required. Data could be secured in a way that was physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter what.

It's time we had the same thing for money. With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless.
legendary
Activity: 1764
Merit: 1002
April 08, 2015, 05:22:16 AM
Another thing, Satoshi Nakamoto never talked about "Sound Money" or "New Age Gold Buggery", never.
The only time he did mention why the 21 M supply limit was when he said it would create a "positive feedback loop" as an addition in his first posts.

He always intended bitcoin to be a payment system for e-commerce. The whitepaper has this written all over it and anything else too.
That clearly failed. Because today nobody spends bitcoin (aside from drug dealers, pretty much).

You are just putting your ideologies where they don't even belong.

So much BS from you.  Aren't you ashamed of being so obvious?  I'm just finishing up Satoshi's writings, the book by Paul Champagne. Of  course you've never read it but it mentions Bitcoins similarity to gold and gold  mining many times. It's a pervasive theme. He also mentions bitcoins fixed supply  and how you ought to pick some up as he predicted they might one day become quite valuable as a result.

Don't you realize how hypocritical you sound spending all your valuable time hanging out on a Bitcoin forum trolling? Do you not have any self respect?
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