Gold collapsing. Bitcoin UP. - page 533.

smooth

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Quote from: cypherdoc on January 23, 2015, 12:40:32 PM

we've already explained to you a hundred times how these SC's can't possibly be AS secure as the MC unless they magically somehow attract 100% MM which is a pipedream by my estimation.

Even if a SC were to attract 100% MM at some point in time, it wouldn't necessarily retain it. There would always be a risk that the MM share would drop off, perhaps suddenly, which again means that the SC couldn't be as secure as the MC.

tabnloz

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Quote from: cypherdoc on January 23, 2015, 11:14:41 AM

Quote from: sickpig on January 23, 2015, 09:33:15 AM

Gold, Bitcoin & the US Dollar amid a Global Economic Slowdown

http://cointelegraph.com/news/113348/gold-bitcoin-the-us-dollar-amid-a-global-economic-slowdown

first time I'm not OT in a very long while Tongue

This part is bullshit:

"Under this backdrop, it is easy to see why the USD is surging as the US has stopped QE and indicated a rate hike at some point this year. The US is perceived to have the strongest economy in the world."

Everyone seems to forget the Fed just finished around $4T in QE over 6 years. CB's simply do a Round Robin when it comes to QE which creates am artificial "stability" in cross rate, when in fact, they're all devaluing at different intervals.

This is why they are all so worried about Bitcoin and rightfully so.

Yes, iirc the BoJ announced its latest iteration of QE the day after the US finished its taper.

NewLiberty

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Gresham's Lawyer

Quote from: cypherdoc on January 23, 2015, 12:40:32 PM

we've already explained to you a hundred times how these SC's can't possibly be AS secure as the MC unless they magically somehow attract 100% MM which is a pipedream by my estimation. especially for anything more than probably 2 SC's. that assumption ignores miners who might actually NOT want SC's to succeed or might want to attack them due to the easy pickings with no consequences to their seed corn MC mining.

This would be tested with each and every MM'd SC.
There is zero cost for a miner to go hostile on any MM'd coin with mining already paid by the other activity.

cypherdoc

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Quote from: tvbcof on January 23, 2015, 11:20:55 AM

Quote from: cypherdoc on January 23, 2015, 07:30:40 AM

Quote from: Erdogan on January 23, 2015, 05:32:21 AM

This is the way to go at the current level of adoption.

Local companies in different countries partner with each other, no need to establish a supernational umbrella company. Relatively low risk. The two sides can be smaller, in case the dominators come in and destroy the business.

http://www.coindesk.com/bitspark-rolls-remittance-service-indonesia/

"The process allows customers to deposit and withdraw cash, without touching bitcoin, while Bitspark and Artabit transact in the cryptocurrency. In the Philippines, Bitspark works with bitcoin exchange Rebit."

Yeah, that really is bullish as hell.

Great stuff going on in that corridor of the world.

Agree. Finally people seem to be wising up to the fact that using Bitcoin for the masses to touch (try to) and hold (try to) and use for buying trinkets is the worst idea ever. People who have a half a clue as to what they are doing using Bitcoin as and reserve and proxy for more encumbered currencies is where the sustainable value comes from. That is, leveraging it's advantages over gold.

blah, blah, blah. your moods are as fickle as the wind. my guess is you sense a bottom --> time to take back all the negative bullshit

Quote

Now all we need is sidechains to have the best of both worlds. The herds will have the same levels of security without paying usurious rates to a middle-man (and being flat out ripped of by him half the time) and the solution won't be swamped and sunk under the weight of a sea of a billion retards.

we've already explained to you a hundred times how these SC's can't possibly be AS secure as the MC unless they magically somehow attract 100% MM which is a pipedream by my estimation. especially for anything more than probably 2 SC's. that assumption ignores miners who might actually NOT want SC's to succeed or might want to attack them due to the easy pickings with no consequences to their seed corn MC mining.

cypherdoc

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Someone this morning put this up on reddit and is why criticizing volatility is stupid.

http://satoshi.nakamotoinstitute.org/posts/p2pfoundation/3/

tvbcof

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Quote from: cypherdoc on January 23, 2015, 07:30:40 AM

Quote from: Erdogan on January 23, 2015, 05:32:21 AM

This is the way to go at the current level of adoption.

Local companies in different countries partner with each other, no need to establish a supernational umbrella company. Relatively low risk. The two sides can be smaller, in case the dominators come in and destroy the business.

http://www.coindesk.com/bitspark-rolls-remittance-service-indonesia/

"The process allows customers to deposit and withdraw cash, without touching bitcoin, while Bitspark and Artabit transact in the cryptocurrency. In the Philippines, Bitspark works with bitcoin exchange Rebit."

Yeah, that really is bullish as hell.

Great stuff going on in that corridor of the world.

Agree. Finally people seem to be wising up to the fact that using Bitcoin for the masses to touch (try to) and hold (try to) and use for buying trinkets is the worst idea ever. People who have a half a clue as to what they are doing using Bitcoin as and reserve and proxy for more encumbered currencies is where the sustainable value comes from. That is, leveraging it's advantages over gold.

Now all we need is sidechains to have the best of both worlds. The herds will have the same levels of security without paying usurious rates to a middle-man (and being flat out ripped of by him half the time) and the solution won't be swamped and sunk under the weight of a sea of a billion retards.

cypherdoc

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Quote from: sickpig on January 23, 2015, 09:33:15 AM

Gold, Bitcoin & the US Dollar amid a Global Economic Slowdown

http://cointelegraph.com/news/113348/gold-bitcoin-the-us-dollar-amid-a-global-economic-slowdown

first time I'm not OT in a very long while Tongue

This part is bullshit:

"Under this backdrop, it is easy to see why the USD is surging as the US has stopped QE and indicated a rate hike at some point this year. The US is perceived to have the strongest economy in the world."

Everyone seems to forget the Fed just finished around $4T in QE over 6 years. CB's simply do a Round Robin when it comes to QE which creates am artificial "stability" in cross rate, when in fact, they're all devaluing at different intervals.

This is why they are all so worried about Bitcoin and rightfully so.

cypherdoc

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Activity: 1764

Merit: 1002

Quote from: NewLiberty on January 23, 2015, 10:41:52 AM

Quote from: cypherdoc on January 23, 2015, 07:32:10 AM

Got half my gold short position back on yesterday at 1307 or 6 equivalent for DZZ.

Congrats on a successful trade.

Way too early for that conclusion. Besides I still need to get the other half on Wink

Most tops and bottoms get retested so i wasn't too upset missing the first test of 1307. The real question is whether we'll get a longer term retest. And then I'll put the other half on.

NewLiberty

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Gresham's Lawyer

Quote from: cypherdoc on January 23, 2015, 07:32:10 AM

Got half my gold short position back on yesterday at 1307 or 6 equivalent for DZZ.

Congrats on a successful trade.

sickpig

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Gold, Bitcoin & the US Dollar amid a Global Economic Slowdown

http://cointelegraph.com/news/113348/gold-bitcoin-the-us-dollar-amid-a-global-economic-slowdown

first time I'm not OT in a very long while Tongue

cypherdoc

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Got half my gold short position back on yesterday at 1307 or 6 equivalent for DZZ.

cypherdoc

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Activity: 1764

Merit: 1002

Quote from: Erdogan on January 23, 2015, 05:32:21 AM

This is the way to go at the current level of adoption.

Local companies in different countries partner with each other, no need to establish a supernational umbrella company. Relatively low risk. The two sides can be smaller, in case the dominators come in and destroy the business.

http://www.coindesk.com/bitspark-rolls-remittance-service-indonesia/

"The process allows customers to deposit and withdraw cash, without touching bitcoin, while Bitspark and Artabit transact in the cryptocurrency. In the Philippines, Bitspark works with bitcoin exchange Rebit."

Yeah, that really is bullish as hell.

Great stuff going on in that corridor of the world.

Erdogan

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Activity: 1512

Merit: 1005

This is the way to go at the current level of adoption.

Local companies in different countries partner with each other, no need to establish a supernational umbrella company. Relatively low risk. The two sides can be smaller, in case the dominators come in and destroy the business.

http://www.coindesk.com/bitspark-rolls-remittance-service-indonesia/

"The process allows customers to deposit and withdraw cash, without touching bitcoin, while Bitspark and Artabit transact in the cryptocurrency. In the Philippines, Bitspark works with bitcoin exchange Rebit."

picolo

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Quote from: zanzibar on January 23, 2015, 12:19:32 AM

I blacked out, what the hell happened!

Gold is up and Bitcoin has been down but is recovering.

Zarathustra

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Quote from: tvbcof on January 21, 2015, 04:02:29 PM

Quote from: Zarathustra on January 21, 2015, 03:48:45 PM

Quote from: tvbcof on January 21, 2015, 03:27:12 PM

Quote from: Zarathustra on January 21, 2015, 03:10:51 PM

Quote from: tvbcof on January 21, 2015, 02:52:50 PM

I freely admit that I am more of a Keynsian than not. Central planning and manipulation can provide longer stretches of better performance for more people.

Here in Switzerland we have less central planning but 'longer stretches of better performance for more people'.

'less' is just as much a centrally planned decision as anything, and often the best one. Particularly if one positions themselves to exploit a vacuum created by the rest of the world. Some Caribbean nations do the same thing I believe. But when the vacuum vanishes...

No, less is not just as much, and Switzerland is not in the same position as 'some caribbean nations'. Switzerland is a high tech export machine with a huge current account surplus.

I'd say Switzerland achieve 'longer stretches of better performance for more people' mainly by being weaselly, exploitative, and conniving on the international stage (aka, neutral.) Sweden even worse by being pathetic lick-spittle whenever it's handy. I'm glad my relatives several generations ago hauled ass out of both of those places even if it has resulted in some periodic hardships for their descendants.

Exploiting the planet and the creature. That's Civilization (patriarchy) from the very beginning (10'000 years ago). At least in Switzerland we (the people) are able to reverse any decision of the state terrorists (politicians). This is not as good as anarchy, but better than the feudalism in the rest of the civilized world.

solex

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100 satoshis -> ISO code

Quote from: explorer on January 23, 2015, 01:21:30 AM

Quote from: zanzibar on January 23, 2015, 12:19:32 AM

I blacked out, what the hell happened!

The block size issue was resolved and implemented seamlessly. It was boring, don't worry.

Yippee! Next stop, the moon.

explorer

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Quote from: zanzibar on January 23, 2015, 12:19:32 AM

I blacked out, what the hell happened!

The block size issue was resolved and implemented seamlessly. It was boring, don't worry.

zanzibar

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Activity: 715

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I blacked out, what the hell happened!

tvbcof

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Quote from: Zarathustra on January 21, 2015, 03:48:45 PM

Quote from: tvbcof on January 21, 2015, 03:27:12 PM

Quote from: Zarathustra on January 21, 2015, 03:10:51 PM

Quote from: tvbcof on January 21, 2015, 02:52:50 PM

I freely admit that I am more of a Keynsian than not. Central planning and manipulation can provide longer stretches of better performance for more people.

Here in Switzerland we have less central planning but 'longer stretches of better performance for more people'.

'less' is just as much a centrally planned decision as anything, and often the best one. Particularly if one positions themselves to exploit a vacuum created by the rest of the world. Some Caribbean nations do the same thing I believe. But when the vacuum vanishes...

No, less is not just as much, and Switzerland is not in the same position as 'some caribbean nations'. Switzerland is a high tech export machine with a huge current account surplus.

I'd say Switzerland achieve 'longer stretches of better performance for more people' mainly by being weaselly, exploitative, and conniving on the international stage (aka, neutral.) Sweden even worse by being pathetic lick-spittle whenever it's handy. I'm glad my relatives several generations ago hauled ass out of both of those places even if it has resulted in some periodic hardships for their descendants.

Zarathustra

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Activity: 1162

Merit: 1004

Quote from: tvbcof on January 21, 2015, 03:27:12 PM

Quote from: Zarathustra on January 21, 2015, 03:10:51 PM

Quote from: tvbcof on January 21, 2015, 02:52:50 PM

I freely admit that I am more of a Keynsian than not. Central planning and manipulation can provide longer stretches of better performance for more people.

Here in Switzerland we have less central planning but 'longer stretches of better performance for more people'.

'less' is just as much a centrally planned decision as anything, and often the best one. Particularly if one positions themselves to exploit a vacuum created by the rest of the world. Some Caribbean nations do the same thing I believe. But when the vacuum vanishes...

No, less is not just as much, and Switzerland is not in the same position as 'some caribbean nations'. Switzerland is a high tech export machine with a huge current account surplus.

Topic: Gold collapsing. Bitcoin UP. - page 533. (Read 2032289 times)