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Topic: Gold collapsing. Bitcoin UP. - page 60. (Read 2032266 times)

legendary
Activity: 1162
Merit: 1004
August 08, 2015, 02:43:32 AM
the sweet smell of deflation:


Don't worry, if you thought Bennie's helicopter drop was large you haven't seen anything yet. The FED will panic print to dig out of the debt depression hole they've created and the only things that will survive are real assets and real money. XOM owns real assets and will still exist on the other size of the FED's crash and still pay out cash flow from operations, in whatever unit is used as currency at the time.

In a society (which is the opposite of a self-sufficient, paleolitic, pre-patriarchal, anarchic community), assets are always valued in debt (=money).
https://en.wikipedia.org/wiki/Debt:_The_First_5000_Years

When debt (money) disappeared, the society disappeared as well. That's 'life' since the neolithic revolution, the invention of the state (organized violence).

Crypto/Bitcoin is the best enemy of the society.
@Fonestar, a brilliant commentator of the articles on Zero Knowledge: "The Bitcoiners are going to totally destroy your society and your laws"
legendary
Activity: 1162
Merit: 1004
August 08, 2015, 01:42:48 AM
The economy has been growing since 2010.
The economy has been growing since 2010.
Yes, it has been growing since 2010.

these guys used to be one of the biggest bulk carrier companies in the world.  not so much anymore:


OMG you sound like the conspiracy idiots at Zero Knowledge.  Don't you know [easy credit * car loans] = [economic growth]?

As long as credit (which is money) is growing, the economy is growing as well.
As soon as the total credit sum deflates, the economy deflates as well.
This is in short the 1x1 of capitalism, which is debitism.

Less credit (less money) = less economy
Moar credit = moar economy

https://research.stlouisfed.org/fredgraph.png?width=630&height=378&range=Max&id=TCMDO

and as Cypher and iCE elude too that does not benefit the 99% but just those with assess to type of capital you need to fund multinational corporations and there acquisitions so yes the system is growing, no it's not healthy.

Capitalism (Debitism) has never been 'healthy'. It is a state bastard, cyclically growing rampant until it implodes. That's never been something for the 99%. That's the difference to an anarchistic life style of the paleolithic self-sufficient communities. The neolithic revolution is the invention of the state mafia (patriarchy), the birth of the tragedy. But collectivists (iCEmen, kRUGmen et al.) don't like anarchism.

Cypher's mentality represents the mentality of an idealist - while iCE et al. represent the mentality of the aristocrats (1%).
legendary
Activity: 1372
Merit: 1000
August 07, 2015, 07:53:58 PM
Interesting piece on the 2013 fork.  https://freedom-to-tinker.com/blog/randomwalker/analyzing-the-2013-bitcoin-fork-centralized-decision-making-saved-the-day/?utm_content=buffer4f46c&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Some ungrateful people here need to show a little more respect for the work of the devs, especially LukeJr.

You of all people would idolize Luke jr

I have no reason to idolize or care about Luke Jr.

Just maybe consider that he had the right insight in this particular scenario and avoided us a great deal of the trouble we would have encountered had we went with Gavin's proposed "solution.

just finished reading that.  Luke did have the right intuition right off the bat.  kudos to him.

interesting comment below:

"23:31    Eleuthria    I absolutely agree, there is no way the 0.8 chain can continue in this situation. An involuntary hardfork doesn't gain legitimacy due to majority. "

I was mining on BTCguild back then, I was rather disappeared at that decision at the time but none the less developers may have stressed but in my mind it highlight how simply it was to implement a hard fork so long as the intent was honorable, also it makes the idea that one fork become an altcoin seem daft. Power players like Eleuthria knew exactly where their interests lay and voluntary gave up the advantage he had and his customer had to the benefit of the merchants who provide services to the community at large.
legendary
Activity: 1764
Merit: 1002
August 07, 2015, 07:38:10 PM
Interesting piece on the 2013 fork.  https://freedom-to-tinker.com/blog/randomwalker/analyzing-the-2013-bitcoin-fork-centralized-decision-making-saved-the-day/

Some ungrateful people here need to show a little more respect for the work of the devs, especially LukeJr.
Thanks for posting that link. It was a great example of how to manufacture panic and raise trivial resource allocation problems into widespread abuse opportunities.

It is still interesting that despite years passing nearly nobody in the Bitcoin development circles has even a passing knowledge of operational issues with database management systems.

The problem could have been trivially fixed by creating two line text file and restarting the Bitcoin daemon. The patch could be issued later after more careful analysis.

https://bitcointalksearch.org/topic/no-recompilation-fix-for-the-lock-table-is-out-of-available-lock-entries-152208

The crowd around Mircea Popescu follows the same path years later:

http://qntra.net/2015/08/new-per-block-transaction-highs-wedge-some-nodes-patch-available/



wtf is this from your 2nd link?  Cripplecoiner's Idol?:


Mircea Popescu says:   
August 1, 2015 at 5:09 pm

"Bitcoin Core" is the name a collection of USG moles and assorted scammers are giving to a pile of spaghetti that's unfit to run on Windows even.

It did enjoy some temporary attention in the early days of Bitcoin, chiefly through the happenstance that there not being any actual brains involved with the project.

Meanwhile it's lost any importance, either intellectual or practical. Miners run homebrew, thinking people run the Bitcoin Foundation client. That's all, really.
Reply   
legendary
Activity: 1764
Merit: 1002
August 07, 2015, 07:33:00 PM
Interesting piece on the 2013 fork.  https://freedom-to-tinker.com/blog/randomwalker/analyzing-the-2013-bitcoin-fork-centralized-decision-making-saved-the-day/?utm_content=buffer4f46c&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Some ungrateful people here need to show a little more respect for the work of the devs, especially LukeJr.

You of all people would idolize Luke jr

I have no reason to idolize or care about Luke Jr.

Just maybe consider that he had the right insight in this particular scenario and avoided us a great deal of the trouble we would have encountered had we went with Gavin's proposed "solution.

just finished reading that.  Luke did have the right intuition right off the bat.  kudos to him.

interesting comment below:

"23:31    Eleuthria    I absolutely agree, there is no way the 0.8 chain can continue in this situation. An involuntary hardfork doesn't gain legitimacy due to majority. "

edit:  he's referring to the fact that Gox was on 0.7
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
August 07, 2015, 07:26:59 PM
Luke Jr. ... had the right insight in this particular scenario and avoided us a great deal of the trouble we would have encountered had we went with Gavin's proposed "solution.

Frap.doc hasn't forgotten that.  It's increased his cognitive dissonance, in the form of fuel for his long lasting buttburn.

These days, gmax and ptodd don't even make his 'I hate your stupid face' shortlist!   Cheesy
legendary
Activity: 2128
Merit: 1073
August 07, 2015, 07:23:17 PM
Interesting piece on the 2013 fork.  https://freedom-to-tinker.com/blog/randomwalker/analyzing-the-2013-bitcoin-fork-centralized-decision-making-saved-the-day/

Some ungrateful people here need to show a little more respect for the work of the devs, especially LukeJr.
Thanks for posting that link. It was a great example of how to manufacture panic and raise trivial resource allocation problems into widespread abuse opportunities.

It is still interesting that despite years passing nearly nobody in the Bitcoin development circles has even a passing knowledge of operational issues with database management systems.

The problem could have been trivially fixed by creating two line text file and restarting the Bitcoin daemon. The patch could be issued later after more careful analysis.

https://bitcointalksearch.org/topic/no-recompilation-fix-for-the-lock-table-is-out-of-available-lock-entries-152208

The crowd around Mircea Popescu follows the same path years later:

http://qntra.net/2015/08/new-per-block-transaction-highs-wedge-some-nodes-patch-available/

hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
August 07, 2015, 07:05:09 PM
Interesting piece on the 2013 fork.  https://freedom-to-tinker.com/blog/randomwalker/analyzing-the-2013-bitcoin-fork-centralized-decision-making-saved-the-day/?utm_content=buffer4f46c&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Some ungrateful people here need to show a little more respect for the work of the devs, especially LukeJr.

You of all people would idolize Luke jr

I have no reason to idolize or care about Luke Jr.

Just maybe consider that he had the right insight in this particular scenario and avoided us a great deal of the trouble we would have encountered had we went with Gavin's proposed "solution.
legendary
Activity: 1764
Merit: 1002
August 07, 2015, 07:03:48 PM
Interesting piece on the 2013 fork.  https://freedom-to-tinker.com/blog/randomwalker/analyzing-the-2013-bitcoin-fork-centralized-decision-making-saved-the-day/?utm_content=buffer4f46c&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Some ungrateful people here need to show a little more respect for the work of the devs, especially LukeJr.

You of all people would idolize Luke jr

You of all ungrateful people here need to show a little more respect for the work of the devs, especially LukeJr.

no, i for one, will be more than happy to fork away from all those devs and you, esp LukeJr.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
August 07, 2015, 06:49:58 PM
Interesting piece on the 2013 fork.  https://freedom-to-tinker.com/blog/randomwalker/analyzing-the-2013-bitcoin-fork-centralized-decision-making-saved-the-day/?utm_content=buffer4f46c&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Some ungrateful people here need to show a little more respect for the work of the devs, especially LukeJr.

You of all people would idolize Luke jr

You of all ungrateful people here need to show a little more respect for the work of the devs, especially LukeJr.
legendary
Activity: 1764
Merit: 1002
August 07, 2015, 06:39:19 PM
Interesting piece on the 2013 fork.  https://freedom-to-tinker.com/blog/randomwalker/analyzing-the-2013-bitcoin-fork-centralized-decision-making-saved-the-day/?utm_content=buffer4f46c&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Some ungrateful people here need to show a little more respect for the work of the devs, especially LukeJr.

You of all people would idolize Luke jr
hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
August 07, 2015, 06:32:14 PM
Interesting piece on the 2013 fork.  https://freedom-to-tinker.com/blog/randomwalker/analyzing-the-2013-bitcoin-fork-centralized-decision-making-saved-the-day/?utm_content=buffer4f46c&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Some ungrateful people here need to show a little more respect for the work of the devs, especially LukeJr.
legendary
Activity: 1372
Merit: 1000
August 07, 2015, 05:58:20 PM
The economy has been growing since 2010.
The economy has been growing since 2010.
Yes, it has been growing since 2010.

these guys used to be one of the biggest bulk carrier companies in the world.  not so much anymore:


OMG you sound like the conspiracy idiots at Zero Knowledge.  Don't you know [easy credit * car loans] = [economic growth]?

As long as credit (which is money) is growing, the economy is growing as well.
As soon as the total credit sum deflates, the economy deflates as well.
This is in short the 1x1 of capitalism, which is debitism.

Less credit (less money) = less economy
Moar credit = moar economy

https://research.stlouisfed.org/fredgraph.png?width=630&height=378&range=Max&id=TCMDO

and as Cypher and iCE elude too that does not benefit the 99% but just those with assess to type of capital you need to fund multinational corporations and there acquisitions so yes the system is growing, no it's not healthy.
legendary
Activity: 1764
Merit: 1002
August 07, 2015, 05:21:47 PM
well looky here.  good job Ben!:

https://www.bitfinex.com/pages/announcements/?id=51
legendary
Activity: 1764
Merit: 1002
August 07, 2015, 05:16:06 PM
the sweet smell of deflation:



Don't worry, if you thought Bennie's helicopter drop was large you haven't seen anything yet. The FED will panic print to dig out of the debt depression hole they've created and the only things that will survive are real assets and real money. XOM owns real assets and will still exist on the other size of the FED's crash and still pay out cash flow from operations, in whatever unit is used as currency at the time.

can we please give Bitcoin the chance to be that unit?

edit:  not that i think it would be that unit.  surely it will just be more USD's.  but what i mean is, can we allow Bitcoin tx rate and market cap to skyrocket as a result?
legendary
Activity: 1153
Merit: 1000
August 07, 2015, 05:05:46 PM
the sweet smell of deflation:



Don't worry, if you thought Bennie's helicopter drop was large you haven't seen anything yet. The FED will panic print to dig out of the debt depression hole they've created and the only things that will survive are real assets and real money. XOM owns real assets and will still exist on the other size of the FED's crash and still pay out cash flow from operations, in whatever unit is used as currency at the time.
legendary
Activity: 1162
Merit: 1007
August 07, 2015, 04:40:46 PM

no.  i want an international digital monetary system that is apolitical and fair, controlled by no one, that is cheap, fast, easy and accessible by all ppl's of the world, that has a fixed supply so as to not be inflatable, that will replace gold, & that can take the human race into the next technological growth phase.  there's alot of great things to look forward to.  esp for our kids whom i'm esp worried for and hope to get thru the debt bubble collapse.

Ok, then please do not try to develop software. Let's leave "core devs" doing their job. Everything is going fine.  :-) Eye surgery and software development are two different things.

On the face of it I'd  agree. But after spending  5y in Bitcoin interacting with devs like you I've  learned that code doesn't write itself. It starts with a bunch of you sitting around a table trying to figure out things like if 2% inflation in an altcoin would be better accepted by the average Joe than 1%, or if Snoor sigs will verify faster than ECDSA to improve waiting times in checkout lines, or the decision to implement p2sh so that multiple parties can split the responsibility of securing the money stored at one address; all those sound like technical problems but they really are ideological and economic beliefs based on assumed human behavior coded into the software. Amir Taaki is one of the only devs who flat out admits this and I am thankful for his honesty.

Even this whole block size debate is based on ideology and economic belief about how human beings will react in a given situation. It's been leaking out much more lately as the Cripplecoiners have been reaching desperately for every argument they can get their hands on. Instead of them being truly technical about their arguments, they instead throw out a bunch of armchair logic without any real data as to why Bitcoin can't scale. The reality is that all of them believe they should be able to run a full node (ideology) and they believe Bitcoin should be a settlement layer (false economics). They want the code to enforce those principles so they blockade any one who disagrees with them with technical sounding FUD. There's even financial conflict of interest entering the picture.

Code doesn't write itself.

Since joining this community in March 2013, I've been surprised at this focus on "coders."  In my non-bitcoin work, coders implement algorithms which result from work in physics or signal processing theory; or, the coders work on user interfaces.  In other words, the coders usually implement ideas from the sciences, or work to make software more intuitive and natural for the end user.    

Bitcoin is highly interdisciplinary, sitting at a strange intersection of computer science, physics, economics and sociology.  Bitcoin's code enforces ideas that take into account important insight from all of these disciplines.  The code is just the mechanism for enforcement and the coders are the mechanics. What should be shaping the future of Bitcoin are the best ideas from computer science, physics, economics and insight into human behaviour.  

To view Bitcoin as strictly a "coding project" is myopic.  
legendary
Activity: 1162
Merit: 1004
August 07, 2015, 04:39:43 PM
The economy has been growing since 2010.
The economy has been growing since 2010.
Yes, it has been growing since 2010.

these guys used to be one of the biggest bulk carrier companies in the world.  not so much anymore:


OMG you sound like the conspiracy idiots at Zero Knowledge.  Don't you know [easy credit * car loans] = [economic growth]?

As long as credit (which is money) is growing, the economy is growing as well.
As soon as the total credit sum deflates, the economy deflates as well.
This is in short the 1x1 of capitalism, which is debitism.

Less credit (less money) = less economy
Moar credit = moar economy

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