Gold collapsing. Bitcoin UP. - page 612.

cbeast

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Let's talk governance, lipstick, and pigs.

Quote from: molecular on December 22, 2014, 07:05:36 AM

Quote from: cbeast on December 22, 2014, 03:00:34 AM

My prediction: gold and bitcoin will find equilibrium and become tidal locked.

can you put a time on that?

I think something is going to happen to gold soon. The price is being suppressed by counterfeit certificates. Rich people want real gold.

Bitcoin (and the free market) really need to find some peg. Gold ETFs have served that purpose to some degree, but Bitcoin will drag gold much higher as its ad-hoc digital twin. If I were to venture a guess it would have to do with whichever country has enough gold and is willing to acquire bitcoins as well. When people start losing faith in fiat currency and bonds, they will trade gold for bitcoins.

I can think of unthinkable scenarios regarding confiscation of gold or its ownership belonging to a designated class. Bitcoin would be the only way the rest of us can be licensed to hold gold.

Most likely it will occur organically as fiat currencies fail. Both bitcoin and gold will see huge swings in the next few year, but 2019 will be when they become pegged.

molecular

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Quote from: cbeast on December 22, 2014, 03:00:34 AM

My prediction: gold and bitcoin will find equilibrium and become tidal locked.

can you put a time on that?

flipperfish

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Dolphie Selfie

Quote from: cypherdoc on December 21, 2014, 06:02:08 PM

listening to johoe is inspiring. but it appears to me that even if you're using a BIP32 wallet, you'll still be exposed to a hack from address reuse if you choose to accept multiple payments to a single address. for instance, if you accept 5 payments of 1BTC each to a single address, you will create 5 UTXO's of 1BTC each. if you then only spend 1BTC from that address, you will leave the other 4 UTXO's behind on that address which will force you to reuse that address later on when you decide to make another payment. so in that sense, HD wallets (BIP32) are still exposed if you're not careful and don't always force all tx's to empty an address. i understand that this is not directly related to the reuse of the r value that johoe talks about in this episode, but it's concerning to me nonetheless unless i have something wrong:

http://letstalkbitcoin.com/blog/post/the-bitcoin-game-7-bitcoin-hero-jochen-aka-johoe

Did johoe talk about BIP32 wallets in the stream? I just scanned through, but couldn't find any reference to BIP32 wallets.
However, AFAIK you're right. As soon as the hacker gets 2 different signatures with the same R value from the same address (e.g. from transactions, but could also be from signed messages (!) or a mixture of both), he can calculate the private key of the address and then spend all the funds still left on that address. So from 0 to 1 outgoing transactions (or publicly accessible signed messages) an address should be safe (from this specific problem). I think so far this is not related to HD/BIP32 wallets other than it's easier to not reuse a single address.

Edit: Stupidity.

cbeast

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Let's talk governance, lipstick, and pigs.

My prediction: gold and bitcoin will find equilibrium and become tidal locked.

sidhujag

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Quote from: fewcoins on December 22, 2014, 02:39:29 AM

Quote from: sidhujag on December 22, 2014, 02:16:54 AM

Quote from: fewcoins on December 22, 2014, 02:11:35 AM

Quote from: cypherdoc on December 22, 2014, 01:36:05 AM

this looks bullish:

Just the first large green candle of many! We have been talking about this 2015 pump for a while now.......

oh u must have finally bought.. time to sell until u sell at a loss

Just weeks ago u were talking shit like how u could have bought at $2 and u knew better buying a digital currency especially after it hit $1100 u vowed never to buy so high... yet at $300 its low
enough to buy even though $2 was expensive? Sounds like a professional bct trololol

LOL? WTF are you talking about all I have done on these forums is make unbias opinions on how the market is moving at any given time... I was a permabear until we kept bottoming around $300

I never said anything about $2 lol wtf I talk as close to the money as possible. I don't talk about a crash and I don't talk about the moon

disclaimer: I have been fully leveraged long at approx. $317~ but everyone who follows my posts knows that already

https://bitcointalksearch.org/topic/m.9824736
Try harder
Ubetta wait for dbl digits son

https://bitcointalksearch.org/topic/m.9830481

Need more?

fewcoins

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Quote from: sidhujag on December 22, 2014, 02:16:54 AM

Quote from: fewcoins on December 22, 2014, 02:11:35 AM

Quote from: cypherdoc on December 22, 2014, 01:36:05 AM

this looks bullish:

Just the first large green candle of many! We have been talking about this 2015 pump for a while now.......

oh u must have finally bought.. time to sell until u sell at a loss

Just weeks ago u were talking shit like how u could have bought at $2 and u knew better buying a digital currency especially after it hit $1100 u vowed never to buy so high... yet at $300 its low
enough to buy even though $2 was expensive? Sounds like a professional bct trololol

LOL? WTF are you talking about all I have done on these forums is make unbias opinions on how the market is moving at any given time... I was a permabear until we kept bottoming around $300

I never said anything about $2 lol wtf I talk as close to the money as possible. I don't talk about a crash and I don't talk about the moon

disclaimer: I have been fully leveraged long at approx. $317~ but everyone who follows my posts knows that already

sidhujag

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Quote from: fewcoins on December 22, 2014, 02:11:35 AM

Quote from: cypherdoc on December 22, 2014, 01:36:05 AM

this looks bullish:

Just the first large green candle of many! We have been talking about this 2015 pump for a while now.......

oh u must have finally bought.. time to sell until u sell at a loss

Just weeks ago u were talking shit like how u could have bought at $2 and u knew better buying a digital currency especially after it hit $1100 u vowed never to buy so high... yet at $300 its low
enough to buy even though $2 was expensive? Sounds like a professional bct trololol

fewcoins

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Quote from: cypherdoc on December 22, 2014, 01:36:05 AM

this looks bullish:

Just the first large green candle of many! We have been talking about this 2015 pump for a while now.......

sidhujag

legendary

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The khl is looking to fold cause of the crash in oil that is bullish bitcoin and gold

cypherdoc

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this looks bullish:

STT

legendary

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Quote from: cbeast on December 21, 2014, 09:44:37 AM

Quote from: sidhujag on December 21, 2014, 09:22:43 AM

Quote from: cbeast on December 21, 2014, 03:25:54 AM

Your denial is a symptom of your euphoria.

No its called understanding how herd reacts in market cycles

Perhaps, but it is way overdue for a correction. The herd is being led to a slaughter and it's going to be ugly.

denile is just a river in egypt :p

Market cycles apply to both sides of the equation and market prices are made up of currency value, when that hard value alters dramatically the waves that occur normally are likely bigger. So what you gauge as euphoria could be the most sensible gauge of underlying factors and a correct place to be not a bubble. In short typical studies of protracted currency weakness show the stock market most often does not lose value as much as other asset classes, anything tied to that specific nation like bonds suffer greatly also as they are time bound. A company especially if trading internationally is relatively invulnerable in comparison

Whats surprising with Russia is that it has not helped bitcoin, do they have that locked down so citizens cannot use it

Quote

Insta-inflation in the connected age

All inflation can be argued as instant in that the nations monetary base is expanded, its the effects which take time according to distribution of the new 'wealth' . We are instantly connected but the largest stores of new money are held by government including communist china which in a very ancient way does not allow access to that money for the vast majority of its people

marcus_of_augustus

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Eadem mutata resurgo

Quote from: Erdogan on December 21, 2014, 08:29:12 PM

Belarussian ruble going down.

"Belarussians lined up for hours to clear out their bank accounts and swept store shelves to secure their savings, stocking up on foreign-made appliances and housewares."

http://news.asiaone.com/news/world/belarus-blocks-sites-closes-stores-stem-currency-panic

Insta-inflation in the connected age ... hyperinflation is so passe now.

Erdogan

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Belarussian ruble going down.

"Belarussians lined up for hours to clear out their bank accounts and swept store shelves to secure their savings, stocking up on foreign-made appliances and housewares."

http://news.asiaone.com/news/world/belarus-blocks-sites-closes-stores-stem-currency-panic

BlindMayorBitcorn

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Quote from: cypherdoc on December 21, 2014, 06:02:08 PM

listening to johoe is inspiring. but it appears to me that even if you're using a BIP32 wallet, you'll still be exposed to a hack from address reuse if you choose to accept multiple payments to a single address. for instance, if you accept 5 payments of 1BTC each to a single address, you will create 5 UTXO's of 1BTC each. if you then only spend 1BTC from that address, you will leave the other 4 UTXO's behind on that address which will force you to reuse that address later on when you decide to make another payment. so in that sense, HD wallets (BIP32) are still exposed if you're not careful and don't always force all tx's to empty an address. i understand that this is not directly related to the reuse of the r value that johoe talks about in this episode, but it's concerning to me nonetheless unless i have something wrong:

http://letstalkbitcoin.com/blog/post/the-bitcoin-game-7-bitcoin-hero-jochen-aka-johoe

I'd be interested to know how real of a danger this is. You should bring it up in the johoe thread and let people have at it

cypherdoc

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Quote from: conspirosphere.tk on December 21, 2014, 06:32:18 PM

Quote from: cypherdoc on December 21, 2014, 06:02:08 PM

it appears to me that even if you're using a BIP32 wallet, you'll still be exposed to a hack from address reuse if you choose to accept multiple payments to a single address.

I thought that it was just a limited screw-up by blockchain.info. So the affair is growing bigger (?)

i didn't imply that it's growing bigger. i'm just saying that it appears to me (and i could be wrong) that if, as a merchant, if you're accepting multiple payments for a monthly service to a single address even tho it's generated by an HD wallet, you may be setting yourself up for reuse of that address depending on how much you decide to spend from that address later on as in the example i gave above. you never want to reuse an address given what has happened.

conspirosphere.tk

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Bitcoin is antisemitic

Quote from: cypherdoc on December 21, 2014, 06:02:08 PM

it appears to me that even if you're using a BIP32 wallet, you'll still be exposed to a hack from address reuse if you choose to accept multiple payments to a single address.

I thought that it was just a limited screw-up by blockchain.info. So the affair is growing bigger (?)

cypherdoc

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Activity: 1764

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listening to johoe is inspiring. but it appears to me that even if you're using a BIP32 wallet, you'll still be exposed to a hack from address reuse if you choose to accept multiple payments to a single address. for instance, if you accept 5 payments of 1BTC each to a single address, you will create 5 UTXO's of 1BTC each. if you then only spend 1BTC from that address, you will leave the other 4 UTXO's behind on that address which will force you to reuse that address later on when you decide to make another payment. so in that sense, HD wallets (BIP32) are still exposed if you're not careful and don't always force all tx's to empty an address. i understand that this is not directly related to the reuse of the r value that johoe talks about in this episode, but it's concerning to me nonetheless unless i have something wrong:

http://letstalkbitcoin.com/blog/post/the-bitcoin-game-7-bitcoin-hero-jochen-aka-johoe

Wekkel

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yes

You are either an idiot before the crash or after. Timing the crash is impossible. So the only thing left is to make a decent guess of the increase left in this bubble. I understand the danger of picking up nickels in front of a steam roller. Let me be the idiot before. I will remain stubborn longer than the market can stay irrational.

cakebet

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CakeBet Bitcoin Casino

And have yourself a merry bitcoin christmas now.

Quote from: sickpig on December 21, 2014, 11:20:55 AM

Quote from: tvbcof on December 20, 2014, 10:12:47 PM

WTF! Where are the dozens of posts to this thread? I cypherdoc collapsing? One would not think so. BTC hit $330-ish...I would have expected to see the guy and his minions going balistic with glee. Like this:

https://www.youtube.com/watch?v=M1owcncKCHg

(Probably he's out for x-mas or some such. Happy holidays all.)

We are running out of sidechains doping

Joking aside I prefer quality over quantity by a long shot.

Happy holidays everyone.

sidhujag

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Quote from: cypherdoc on December 21, 2014, 10:48:12 AM

Quote from: sidhujag on December 21, 2014, 09:22:43 AM

Quote from: cbeast on December 21, 2014, 03:25:54 AM

Quote from: sidhujag on December 21, 2014, 02:06:01 AM

Quote from: cypherdoc on December 18, 2014, 05:37:57 PM

Quote from: msin on December 18, 2014, 05:29:17 PM

Quote from: cypherdoc on December 18, 2014, 04:01:56 PM

+420 on the Dow. wow, somebody's happy about something!

i'm staying clear of that thing.

Most people made a bundle from the Fortune 50 this year, including myself. Bitcoin was my worse performer, however I believe now is the absolutely best time to invest in crypto. Bitcoin tends to dwell in the doldrums for a while, shaking people's beliefs and weeding out the weak, then skyrocket.

yes, they are called cycles. and the Dow and Bitcoin stand at opposite ends of their cycles.

Lol money is made last 1% of the cycle. It is lost 99% rest mostly... as i said so many times euphoria hadnt happened with dow and it is a long way up before the "cycle" is done.. better place to park money imo today

Your denial is a symptom of your euphoria.

No its called understanding how herd reacts in market cycles

Now you have my attention.

What type of analysis techniques do you use to measure cycles?

Just phsycology and watching retail positioning.. just doing the opposite.

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