Topic: Gold collapsing. Bitcoin UP. - page 512. (Read 2032289 times)

Really?  I've gone through exactly three periods of activity since 2011.  Buying until the bottom, Getting my money back at 10x, and taking some profits at 100x.  'daytrading' is not at all my game.  For folks who like it and are good at it, God bless.

I did play around on Bitcoinica out of boredom once.  IIRC I about 10x'd my money in a few weeks trying to lose it.  That was PURE shit-house luck.  It was not worth the few hundred bucks to hand over my identity docs to an exchange in order to try to get USD so I just gave the proceeds to ~goat who used them for a party for some orphans in Thailand.  So he said anyway.

--edit:  Bitcoinica proceeded to 'lose' everyone's money not long after I drained my account.  I had similar 'luck' at Mt. Gox.  I took half the one-time 'pocket change' I had with Instawallet out like the day before they 'got hacked'.  Happily they gave me the other half back.  I guess I'm just lucky with these things.  Mt. Gox still owes me a $5k wire.  That's the one place I've been burnt so far.  Perhaps fiat will take precidence over BTC when the dust from this event finally settles.  Time will tell.  Whatever the case it is such a tiny fraction of my activities I can easily write it off as a 'cost of doing business'.  At least I didn't have to pay taxes on the $5k.  Yet.

As for being doomed, I wouldn't be here if I thought that.  The number of users even here on trolltalk who recognize the danger and futility of trying to make it some sort of universal exchange currency is one thing that I find encouraging.  There is a fair chance that the 1MB blocksize won't even be attempted which would gives me hope.  And of course, sidechains...


...which give the masses the power of Bitcoin at it's core and a whole heap of bells and whistles which actually make it usable by them.  Many of the additional capabilities will be mutually exclusive options so it would be logically impossible for native Bitcoin to fulfill these needs in any circumstance.

this pretty much sums it up.

except i believe tvbcof misrepresents his "calls" and is a legend in his own mind.  i don't remember him giving any "buy" or "sell" advice around here ever.

I also get 'ya' and 'yeah' mixed up.  Me dumb-dumb.

Also tvbcof is one of those people that can't tell the difference between "then" and "than."  Cypherdoc is smarter that way too. 

There is a irreconcilable difference between you two. cypherdoc wants to profit from Bitcoin's wide adoption while tvbcof wants to profit from daytrading. cypherdoc believes in the long term sociological impact the Bitcoin experiment will have while tvbcof believes Bitcoin is doomed to the whims of the controlling powers and no more than a pyramid that will eventually collapse.

As long as neither resort to social engineering, it's all good.

I understand the upload vs download bandwidth argument. It's not a problem because it will deter no fee transactions. Nobody wants to spend bitcoins that will never get confirm. Except double spenders, but there are better ways to catch them.

I understand the attractiveness of parallel processing Bitcoin transactions through side chains, but they don't solve the bandwidth problem unless you use only one side chain exclusively. That issue has not been addressed.

Thanks. Thought it might be more insightftul.

My being so right and you being so wrong with your one-trick-pony show is really getting under your skin I guess.  Sorry about that.  My good calls are mostly luck I assure you.

I am quite confident that if you get your way on Bitcoin it will be curtains for the solution.  You may realize that and simply plan to do your dump at that point, but I actually believe there is a better than 50% chance that you earnestly believe your own nonsense.  I'm burnt out on being more rude then that at the moment else I would use a variety of caustic characterizations to describe your being here.

http://www.reddit.com/r/Bitcoin/comments/2ujrzh/bitcoin_could_soon_stabilize_stratfor/

http://insidebitcoins.com/news/tech-visionaries-predict-one-global-cryptocurrency-bitcoin/29422

Hey tvbcof, we're going back up. Time for you to flip your tune and say you been calling it all along.

Can someone with access to Stratfor post the text of this article?

https://www.stratfor.com/analysis/bitcoin-moves-closer-regulation

This says nothing technical. Fees are not technical data. They are sociological. He is implying a sociological solution to a protocol and claiming thre is some magical formula. Miners choose what size the block should be. Bitcoin already has that sociological base covered.

Looks like Coinbase wired money is finally arriving.  Mine gets there tomorrow. Shucks. 

http://www.bizforum.org/Journal/www_journalJVP018.htm

Gavin's method engenders some centralization of nodes.  A great number of nodes can be made to disappear by a single pool loading up some very large blocks.  There are other problems with it, but this one may be sufficient for some folks to disagree with it.  Node population is an important factor of scalability and functionality.  The proposal harms such scalability in order to foster microtransaction scalability.

The internet is not a uniform web of high speed links globally.  There are great differences in costs and deployed infrastructure.  Very large blocks may reduce Bitcoin to a Northern hemisphere usability.

There are going to be risks with any change.  Better proposals than Gavin's have been made and discussed, but they require more code.  They are not as simple.

One thing is sure, and that is if we do another hard fork to set-it-and-forget-it using a guess as to what the future of the internet will be based on current or past data, we are going to be wrong about that guess.

Gavin's solution is a very good one from a software-development perspective.  It is not a good solution from a protocol perspective.  These are very different things.

 A method to resist is not a solution to a problem.  It is a hope for stagnation.   Since people have been discussing large blocks since before Gavin took it on, maybe large blocks are needed.  I think Gavin's method of suggestion and testing is much more constructive than obstructive and I fail to see how it is centralised.

lol yell louder please!

If we hit $5-$10...TIME TO BACK UP THE TRUCK!

Stop trolling bull scammer!

We are still at FEAR stage! Wait until we hit despair @ around 5-10$. We, the chinese bitcoiners, will dump the shit out of this!

http://www.thedailysheeple.com/wp-content/uploads/2013/04/anatomy-of-a-bubble.png

They do seem nicely decked out in snappy NATO style gear and are driving around in a lot of U.S. manufactured equipment fresh off the assembly line.

Oh ya, now I remember.  3000 rag-tag 'terrorists' routed 30,000 U.S. armed and trained Iraqis who dropped all their equipment in a panic and ran for the hills.  Ya...that's the ticket!  The amazing thing is that nearly all Americans bought that one hook, line, and sinker.

Maybe my brethren can be forgiven since the accounts of the CIA training camps in Jordan and Turkey appeared only in the 'alternate' media and anything anyone reads there is automatically and 'conspiracy theory' and thus automatically the opposite of reality.

No problems with the USG holding strategy meetings regarding crypto, as well they should, but as you say, there is no need to paint the mechanism in a bad light. It is, after all, only math and an internet connection. But at least he has dropped off with some of his sillier criticisms (EMP, Internet down etc) and on the face of it is giving some props to bitcoin.

Another thing, unless it is OTC, then until bitcoin is used and accepted without being converted into fiat the evidence (albeit circumstantial) of 'financing' will be seen in the banking system ie, transferred from exchange to bank account.

And regarding how bitcoin performs in a full economic cycle and in relation to other assets, well, that ties in nicely with this thread. Perhaps he should give it a read.

A while ago the wall observer thread was demoted to skimming only for memes & animated gifs, of which there were many funny ones. Now it's lacking even that simple value and I can't understand why anyone's there...