Gold collapsing. Bitcoin UP. - page 516.

cypherdoc

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Quote from: cypherdoc on January 31, 2015, 10:02:18 AM

Rhetoric is heating up. Cover your ears, pinch your nose, and buy bitcoin:

Varoufakis: Troika are a "rottenly constructured commitee"

http://www.telegraph.co.uk/finance/economics/11381071/Europes-creditors-play-with-political-fire-in-pushing-Greece-to-the-brink.html

The deficits of the EMU crisis states may have fallen but the mix of perma-slump and “lowflation” - now deflation of minus 0.6pc – have by caused the debt stock to spiral upwards. This is a mathematical effect. The interest costs have been rising faster than nominal GDP. Italy’s public debt has jumped from 116pc to 133pc of GDP in three years despite a primary budget surplus.

cypherdoc

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Rhetoric is heating up. Cover your ears, pinch your nose, and buy bitcoin:

Varoufakis: Troika are a "rottenly constructured commitee"

http://www.telegraph.co.uk/finance/economics/11381071/Europes-creditors-play-with-political-fire-in-pushing-Greece-to-the-brink.html

cypherdoc

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https://twitter.com/cypherdoc2/status/561534566603980802

sickpig

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From the bitcoin dev mailing list quoting Wladimir van der Laan:

Quote

The block chain is a single channel broadcasted over the entire
world, and I don't believe it will ever be possible nor desirable to broadcast all the
world's transactions over one channel.

The everyone-validates-everything approach doesn't scale. It is however
useful to settle larger transactions in an irreversible, zero-trust way.
That's what makes the bitcoin system, as it is now, valuable.

But it is absurd for the whole world to have to validate every purchase of
a cup of coffee or a bus ticket by six billion others.

Naively scaling up the block size will get some leeway in the short term,
but I believe a future scalable payment system based on bitcoin will be
mostly based on off-blockchain transactions (in some form) or that there
will be a hierarchical or subdivided system (e.g. temporary or per-locale
sidechains).

hdbuck

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Quote from: readysalted89 on January 31, 2015, 06:29:37 AM

Quote from: cbeast on January 30, 2015, 11:56:38 PM

Bitcoin is in it's infancy. It needs pools to keep large corporate farms from keeping all mining profits from individual miners. Pools are much more decentralized than corporate miners. Miners on pools can switch to pools that prevent corporate miners from monopolizing all the blocks.

I wonder why people don't complain that Apple, Oracle, Microsoft, and Google haven't stolen all your money since they have control of all your personal and financial information? You can bet they will, it's only a matter of time. Roll Eyes

Pools have already grown to the size where they could launch an attack. They realized they were shooting themselves in the foot by getting too big and reduced their sizes.

this is just oversimplistic rhetoric.

readysalted89

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Quote from: cbeast on January 30, 2015, 11:56:38 PM

Bitcoin is in it's infancy. It needs pools to keep large corporate farms from keeping all mining profits from individual miners. Pools are much more decentralized than corporate miners. Miners on pools can switch to pools that prevent corporate miners from monopolizing all the blocks.

I wonder why people don't complain that Apple, Oracle, Microsoft, and Google haven't stolen all your money since they have control of all your personal and financial information? You can bet they will, it's only a matter of time. Roll Eyes

Pools have already grown to the size where they could launch an attack. They realized they were shooting themselves in the foot by getting too big and reduced their sizes.

cbeast

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Let's talk governance, lipstick, and pigs.

Bitcoin is in it's infancy. It needs pools to keep large corporate farms from keeping all mining profits from individual miners. Pools are much more decentralized than corporate miners. Miners on pools can switch to pools that prevent corporate miners from monopolizing all the blocks.

I wonder why people don't complain that Apple, Oracle, Microsoft, and Google haven't stolen all your money since they have control of all your personal and financial information? You can bet they will, it's only a matter of time. Roll Eyes

johnyj

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Beyond Imagination

Quote from: NotHatinJustTrollin on January 30, 2015, 08:45:32 PM

4 pools owning around 51% of the hashing power.

"Further decentralization"? lol

Before it was 2 pools owning 60% Wink

NotHatinJustTrollin

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★Bitvest.io★ Play Plinko or Invest!

4 pools owning around 51% of the hashing power.

"Further decentralization"? lol

cypherdoc

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further decentralization. Discus down to 18 from 21:

marcus_of_augustus

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Eadem mutata resurgo

http://www.zerohedge.com/news/2015-01-30/denmark-you-are-now-paid-take-out-mortgage

in centrally banked Denmark, the mortgage takes out you.

Negative interest rate mortgages for some customers on floating rates ... wonder if that 'income' stream is tax-exempt? So if you need bigger income just take a out a bigger mortgage? win-win?

tabnloz

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Just a thought I had:

USD and Gold were both the safe haven plays of 2014; they strengthened in relation to everything else (and basically remained steady vs each other). Bitcoin reached a peak at the turn of the year, at that stage still a highly speculative asset. In a year that saw a flock to safety, bitcoin suffered, partly as it was the most speculative of plays. I look forward to bitcoin maturing and being seen as a growing, safer, alternate asset class. Like most others, I think it's coming.

Cypher sees market cap leaking from gold to bitcoin and I think if bitcoin matures and succeeds, in a digital age, this is inevitable. However, to what degree is yet to be seen. There will always be those who will never be turned by bitcoin and will go with what they know; but even small percentages of trillion dollar market caps will sufficiently expand btc.

kodtycoon

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Quote from: zanzibar on January 30, 2015, 04:08:33 PM

Quote from: kodtycoon on January 30, 2015, 02:03:55 PM

Quote from: zanzibar on January 30, 2015, 11:52:29 AM

So why not Peg to the blockchain so people can easily transition to your alt? Right now your on an island with a couple hundred other people.

you apparently seem to be on the same island Cheesy

Good rebuttal. Roll Eyes

I'll give you a little piece of advice since you are obviously jr. If you want to attract users for NEM, don't go around talking about how other protocols are inferior. The people here have a lot more crypto knowledge than you. They've seen hundreds of alts come and go. Be more welcoming to the crypto community, ask people to try NEM beta, tell them it's advantages without talking about others' disadvantages. It's easy for me to say the creator of NEM, UtopianFuture, had hundreds of sock puppets and thus the whole premise of "fair distribution" is bullshit. You are going to hear that a lot.

fair point, but considering the beating that alts get from guys in here I would hope they can take it as well as they give it Wink

marcus_of_augustus

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Eadem mutata resurgo

https://freedom-to-tinker.com/blog/randomwalker/nine-awesome-bitcoin-projects-at-princeton/

the best and brightest are doing their final projects on bitcoin extensions, apps, overlay protocols (this reminds me exactly of stanford/cisco in 1990 and I wonder how long until we get bitcoin router blue-boxes ... explain to me again how the internet is just a fad?

zanzibar

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Quote from: kodtycoon on January 30, 2015, 02:03:55 PM

Quote from: zanzibar on January 30, 2015, 11:52:29 AM

So why not Peg to the blockchain so people can easily transition to your alt? Right now your on an island with a couple hundred other people.

you apparently seem to be on the same island Cheesy

Good rebuttal. Roll Eyes

I'll give you a little piece of advice since you are obviously jr. If you want to attract users for NEM, don't go around talking about how other protocols are inferior. The people here have a lot more crypto knowledge than you. They've seen hundreds of alts come and go. Be more welcoming to the crypto community, ask people to try NEM beta, tell them it's advantages without talking about others' disadvantages. It's easy for me to say the creator of NEM, UtopianFuture, had hundreds of sock puppets and thus the whole premise of "fair distribution" is bullshit. You are going to hear that a lot.

79b79aa8d5047da6d3XX

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Colletrix - Bridging the Physical and Virtual Worl

Quote from: kodtycoon on January 30, 2015, 11:44:28 AM

its only a matter of time before more people start to see that bitcoin is outdated in terms of cryptocurrency technology.

you confuse money with gadgets. most of us would not be here if we thought for a moment bitcoin was some kind of tech fad.

thezerg

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Quote from: cypherdoc on January 30, 2015, 11:26:23 AM

i thought nat gas was the next great bull mkt putting the US on top of the energy pyramid?

Aren't these mutually exclusive? US gets "on top of the energy pyramid" by supplying incredibly cheap nat gas, not by providing expensive product.

kodtycoon

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Quote from: cypherdoc on January 30, 2015, 03:06:11 PM

"most people investing in cryptocurrencies are going to lose money" - cypherdoc

http://www.coindesk.com/research-11-million-lost-bitcoin-scams-since-2009/

you know its a very self important thing to do, to quote yourself. Cheesy

let alone quote the same lines multiple times. that line isnt even original.. its been said about the stock market for yonks.. changing one word doesnt make it original.

cypherdoc

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"most people investing in cryptocurrencies are going to lose money" - cypherdoc

http://www.coindesk.com/research-11-million-lost-bitcoin-scams-since-2009/

cypherdoc

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See. I told you they were going to start asking:

“What is the red line in Germany that nobody wants to see? The word ‘haircut.’ Nobody wants to see debt forgiveness.”

http://www.bloomberg.com/news/articles/2015-01-28/greece-wants-money-from-its-much-poorer-neighbors

Creditors are more than willing to extend debt to sovereigns in the belief that they will always tax their citizens if it comes down to i. They will never forgive debt unless it's for themselves or are forced.

Topic: Gold collapsing. Bitcoin UP. - page 516. (Read 2032289 times)