everyone knows who Sarah Meiklejohn is right? she's the UCSD CS who published this paper on Bitcoin anonymity: http://cseweb.ucsd.edu/~smeiklejohn/files/login13.pdf
in this Princeton video, she reveals the tension btwn academic researchers and the Bitcoin core devs during the Q&A. the whole video is worth watching to put it into perspective:
https://www.youtube.com/watch?v=nobNFRU1WQQ
Topic: Gold collapsing. Bitcoin UP. - page 657. (Read 2032265 times)
I've been looking everywhere for this and someone finally found it for me. Thanks!
That was a brutal demonstration of heavy handedness displayed by those guys, gmax and lukejr. Fortunately, they were proven wrong in the end. The bitcoin.org press center they were promoting got shot down, Ver got added to Andreas' new site, and Matonis went on to serve 2y as TBF head. Justice got served.
https://github.com/bitcoin/bitcoin.org/pull/162#issuecomment-17151432
That was a brutal demonstration of heavy handedness displayed by those guys, gmax and lukejr. Fortunately, they were proven wrong in the end. The bitcoin.org press center they were promoting got shot down, Ver got added to Andreas' new site, and Matonis went on to serve 2y as TBF head. Justice got served.
https://github.com/bitcoin/bitcoin.org/pull/162#issuecomment-17151432
The really sad thing to note here is that those devs never relented to the majority opinion expressed in that GitHub thread. Sirius, the owner of bitcoin.org actually had to be contacted after 2 or so years of being in seclusion to resolve the dispute.
Martti Malmi, aka Sirius. He needs no introduction, but he is somewhat reclusive these days so it's not clear that he'd necessarily appreciate the nomination. Incidentally, he is the owner of the bitcoin.org domain.-Andreas
Sirius was shocked as to how these devs were ruling over his domain and immediately shut down their press center and demurred to Andreas' new site.
And the other shocker? To this day, gmax sincerely believes he "won" that battle.
gmax and lukejr are not original cryptoanarchists. they are techno-communists. here's a follow up discussion i had with gmax last month. note the complete lack of contrition on his part regarding the Press Center debacle despite widespread community disapproval and at least 2 other high profile community members directly against them (Andreas and Trace Mayer) in the dispute along with myself. from Reddit:
from nullc [-9] sent 1 month ago
The news center? lol. Becuase I thought it was imprudent to list a convicted felon as top contact on Bitcoin.org? You haven't a clue how much seedy and scammy stuff has been going on behind the scenes, I guess. That whole shitshow with Shrem and the Foundation? That half the foundation's board will no longer enter the US? It's important that Bitcoin the technology and the currency keep a distance from people's unlawful stunts (regardless of what we think about the morality of the laws), so that when the shit hits the fan Bitcoin can keep running.
I have no regrets about any of that, and I'm somewhat surprised to not hear from you... "You know, you were right."
me:
this just goes to show how differently we see things. i was hoping you'd say the same thing to me. b/c in the end, Andreas' site is what became the preferred go to Press Center and included Ver and Matonis, nevermind the community outrage over what you guys did.
The cynic in me would consider whether all the trolling you are doing here is for the benefit of the Blockstream investment pool to get some low-cost Due Diligence work out of us. The sort of analysis you are getting from some of the folks here is pure gold.
And my advice to Blockstream investors is to shut the company down now while you still have a chance and buy $21M worth of bitcoin right now while we're at a long term bottom.
The reason? There's no way in hell any
Maybe farmer do better if he stops farming ... sells everything and only buys bitcoin.
Same must be best for merchant. He has to sell all goods and only buys bitcoin.
maybe so.
what investment in the world has done better than Bitcoin since its birth in 2009? answer: nothing.
plus, given all the fiat that has been and is being wasted in Bitcoin startups, altcoins, appcoins, that is how you tell we are not in a bubble.
If we all stop working and we will be only waiting then there will be nothing you will be able to buy with bitcoin.
In that case, there will be no S-curve, we will go straight up by the second, and normal wealth creation can resume.
The cynic in me would consider whether all the trolling you are doing here is for the benefit of the Blockstream investment pool to get some low-cost Due Diligence work out of us. The sort of analysis you are getting from some of the folks here is pure gold.
And my advice to Blockstream investors is to shut the company down now while you still have a chance and buy $21M worth of bitcoin right now while we're at a long term bottom.
The reason? There's no way in hell any
Maybe farmer do better if he stops farming ... sells everything and only buys bitcoin.
Same must be best for merchant. He has to sell all goods and only buys bitcoin.
maybe so.
what investment in the world has done better than Bitcoin since its birth in 2009? answer: nothing.
plus, given all the fiat that has been and is being wasted in Bitcoin startups, altcoins, appcoins, that is how you tell we are not in a bubble.
If we all stop working and we will be only waiting then there will be nothing you will be able to buy with bitcoin.
you're smarter than this. i'm not talking about absolutes here where everyone would want to invest in Bitcoin. i'm talking about Bitcoiner's; the one's who care about this stuff we're doing here.
as Adrian says above, those farmers will always love farming. that is what they do best. however, if Bitcoin takes over as the global reserve currency and farming becomes denominated in BTC, their lives will improve orders of magnitude. look at them now; forced to hedge continually in financial markets through rigged futures markets that are just as volatile and unpredictable as Bitcoin. all those business cycles they have to endure all facilitated by fiat printing by the Fed. all that shit would go away with Bitcoin as sound money.
those crypto anarchists from Blockstream will always love to improve crypto currency. that is what they do best ... and they was building crypto for
decades.
SC is really amazing idea. SCs + MC together create great new blockchain 2.0. So try to look at it "block-chain-2 = MC + N*SC". And BTC(currency) is not separated form block-chain but they found a way how to improve old block-chain.
I don't think you are reading everything posted here. The core Bitcoin deves working at BlockStream do not sound like crypto anarchists quite the opposite.
Your eg. has merits but you are overlooking the mining that creates the MC does not encompass SCs. As far as the security incentives are concerned SCs are separated from the blockchain.
The cynic in me would consider whether all the trolling you are doing here is for the benefit of the Blockstream investment pool to get some low-cost Due Diligence work out of us. The sort of analysis you are getting from some of the folks here is pure gold.
And my advice to Blockstream investors is to shut the company down now while you still have a chance and buy $21M worth of bitcoin right now while we're at a long term bottom.
The reason? There's no way in hell any
Maybe farmer do better if he stops farming ... sells everything and only buys bitcoin.
Same must be best for merchant. He has to sell all goods and only buys bitcoin.
maybe so.
what investment in the world has done better than Bitcoin since its birth in 2009? answer: nothing.
plus, given all the fiat that has been and is being wasted in Bitcoin startups, altcoins, appcoins, that is how you tell we are not in a bubble.
If we all stop working and we will be only waiting then there will be nothing you will be able to buy with bitcoin.
you're smarter than this. i'm not talking about absolutes here where everyone would want to invest in Bitcoin. i'm talking about Bitcoiner's; the one's who care about this stuff we're doing here.
as Adrian says above, those farmers will always love farming. that is what they do best. however, if Bitcoin takes over as the global reserve currency and farming becomes denominated in BTC, their lives will improve orders of magnitude. look at them now; forced to hedge continually in financial markets through rigged futures markets that are just as volatile and unpredictable as Bitcoin. all those business cycles they have to endure all facilitated by fiat printing by the Fed. all that shit would go away with Bitcoin as sound money.
those crypto anarchists from Blockstream will always love to improve crypto currency. that is what they do best ... and they was building crypto for
decades.
SC is really amazing idea. SCs + MC together create great new blockchain 2.0. So try to look at it "block-chain-2 = MC + N*SC". And BTC(currency) is not separated from block-chain but Blockstream found a way how to improve old block-chain.
The cynic in me would consider whether all the trolling you are doing here is for the benefit of the Blockstream investment pool to get some low-cost Due Diligence work out of us. The sort of analysis you are getting from some of the folks here is pure gold.
And my advice to Blockstream investors is to shut the company down now while you still have a chance and buy $21M worth of bitcoin right now while we're at a long term bottom.
The reason? There's no way in hell any
Maybe farmer do better if he stops farming ... sells everything and only buys bitcoin.
Same must be best for merchant. He has to sell all goods and only buys bitcoin.
maybe so.
what investment in the world has done better than Bitcoin since its birth in 2009? answer: nothing.
plus, given all the fiat that has been and is being wasted in Bitcoin startups, altcoins, appcoins, that is how you tell we are not in a bubble.
If we all stop working and we will be only waiting then there will be nothing you will be able to buy with bitcoin.
you're smarter than this. i'm not talking about absolutes here where everyone would want to invest in Bitcoin. i'm talking about Bitcoiner's; the one's who care about this stuff we're doing here.
as Adrian says above, those farmers will always love farming. that is what they do best. however, if Bitcoin takes over as the global reserve currency and farming becomes denominated in BTC, their lives will improve orders of magnitude. look at them now; forced to hedge continually in financial markets through rigged futures markets that are just as volatile and unpredictable as Bitcoin. all those business cycles they have to endure all facilitated by fiat printing by the Fed. all that shit would go away with Bitcoin as sound money.
The cynic in me would consider whether all the trolling you are doing here is for the benefit of the Blockstream investment pool to get some low-cost Due Diligence work out of us. The sort of analysis you are getting from some of the folks here is pure gold.
And my advice to Blockstream investors is to shut the company down now while you still have a chance and buy $21M worth of bitcoin right now while we're at a long term bottom.
The reason? There's no way in hell any
Maybe farmer do better if he stops farming ... sells everything and only buys bitcoin.
Same must be best for merchant. He has to sell all goods and only buys bitcoin.
maybe so.
what investment in the world has done better than Bitcoin since its birth in 2009? answer: nothing.
plus, given all the fiat that has been and is being wasted in Bitcoin startups, altcoins, appcoins, that is how you tell we are not in a bubble.
If we all stop working and we will be only waiting then there will be nothing you will be able to buy with bitcoin.
Here understanding the economics is important. If everyone stopped working the demand for the lack in skills would increase, and the demand would reflect in the cost of goods and services.
Having hard money would allow the market to react efficiently.
At the moment we are over supplied with cheep goods and services provided by corporations who have access to or the ability to create cheap fiat.
listen carefully to this Keynote by James Grant at the 32nd Annual Monetary Conference at the Cato. i subbed to his Grants: Interest Rate Observer for years. he is one smart guy. here, he clearly articulates what the major problem in finance is today: Sound Money. this is what Bitcoin was meant to solve:
http://www.cato.org/multimedia/events/32nd-annual-monetary-conference-opening-keynote
http://www.cato.org/multimedia/events/32nd-annual-monetary-conference-opening-keynote
The cynic in me would consider whether all the trolling you are doing here is for the benefit of the Blockstream investment pool to get some low-cost Due Diligence work out of us. The sort of analysis you are getting from some of the folks here is pure gold.
And my advice to Blockstream investors is to shut the company down now while you still have a chance and buy $21M worth of bitcoin right now while we're at a long term bottom.
The reason? There's no way in hell any
Maybe farmer do better if he stops farming ... sells everything and only buys bitcoin.
Same must be best for merchant. He has to sell all goods and only buys bitcoin.
maybe so.
what investment in the world has done better than Bitcoin since its birth in 2009? answer: nothing.
plus, given all the fiat that has been and is being wasted in Bitcoin startups, altcoins, appcoins, that is how you tell we are not in a bubble.
If we all stop working and we will be only waiting then there will be nothing you will be able to buy with bitcoin.
The cynic in me would consider whether all the trolling you are doing here is for the benefit of the Blockstream investment pool to get some low-cost Due Diligence work out of us. The sort of analysis you are getting from some of the folks here is pure gold.
And my advice to Blockstream investors is to shut the company down now while you still have a chance and buy $21M worth of bitcoin right now while we're at a long term bottom.
The reason? There's no way in hell any
Maybe farmer do better if he stops farming ... sells everything and only buys bitcoin.
Same must be best for merchant. He has to sell all goods and only buys bitcoin.
no, you've overlooked why we want Bitcoin it's not because we want to get rich. That's a bonus you get for doing the right thing.
Farmers and merchants do a great job, they need better money, they don't need added layers of trust, they just need better money to be better at planning what they do. And you won't value or trust there goods and services any more, if you need to use a sidechain to interact with or secure your interaction with them.
Wow, you got me thinking I see SC as the perfect way to run a Monopsony, or cooperative. This market monopoly approach would be ideal way to manage many suplyers in a free and open social network based market.
more evidence of exactly where Bitcoin wants to position itself. forget speculative assets (anything not BTC):
"With [ECB President Mario] Draghi and [BOJ Gov. Haruhiko] Kuroda torpedoing China’s exports with bales of currency, Beijing may feel compelled to fire back," Arnold writes.
"All this money-printing would mean even more credit to Asia’s smaller economies and its weakest borrowers. But to those hopeful this brewing currency war would be good for Asia’s economies or real stock-market returns, a word of advice: curb your enthusiasm."
Barron's Arnold: China Currency War Would Be Bad for Asia
http://www.newsmax.com/Finance/Barrons-Asia-currency-war-dollar/2014/11/22/id/609026/
"With [ECB President Mario] Draghi and [BOJ Gov. Haruhiko] Kuroda torpedoing China’s exports with bales of currency, Beijing may feel compelled to fire back," Arnold writes.
"All this money-printing would mean even more credit to Asia’s smaller economies and its weakest borrowers. But to those hopeful this brewing currency war would be good for Asia’s economies or real stock-market returns, a word of advice: curb your enthusiasm."
Barron's Arnold: China Currency War Would Be Bad for Asia
http://www.newsmax.com/Finance/Barrons-Asia-currency-war-dollar/2014/11/22/id/609026/
The cynic in me would consider whether all the trolling you are doing here is for the benefit of the Blockstream investment pool to get some low-cost Due Diligence work out of us. The sort of analysis you are getting from some of the folks here is pure gold.
And my advice to Blockstream investors is to shut the company down now while you still have a chance and buy $21M worth of bitcoin right now while we're at a long term bottom.
The reason? There's no way in hell any
Maybe farmer do better if he stops farming ... sells everything and only buys bitcoin.
Same must be best for merchant. He has to sell all goods and only buys bitcoin.
maybe so.
what investment in the world has done better than Bitcoin since its birth in 2009? answer: nothing.
plus, given all the fiat that has been and is being wasted in Bitcoin startups, altcoins, appcoins, that is how you tell we are not in a bubble.
The cynic in me would consider whether all the trolling you are doing here is for the benefit of the Blockstream investment pool to get some low-cost Due Diligence work out of us. The sort of analysis you are getting from some of the folks here is pure gold.
And my advice to Blockstream investors is to shut the company down now while you still have a chance and buy $21M worth of bitcoin right now while we're at a long term bottom.
The reason? There's no way in hell any
Maybe farmer do better if he stops farming ... sells everything and only buys bitcoin.
Same must be best for merchant. He has to sell all goods and only buys bitcoin.
Can we start posting about gold, stocks, and bitcoin again?
we or me?
my shadow assassin has been taking up all my time.
Can we start posting about gold, stocks, and bitcoin again?
this is why Bitcoin is destined to succeed; as long as we don't screw it up as Sound Money:
“Having analyzed this malware and looked at the [previously published] Snowden documents,” Prins said, “I’m convinced Regin is used by British and American intelligence services.”
https://firstlook.org/theintercept/2014/11/24/secret-regin-malware-belgacom-nsa-gchq/
govt's worldwide are growing increasingly mistrustful of the NSA and GCHQ. there will never be a worldwide ban on Bitcoin.
“Having analyzed this malware and looked at the [previously published] Snowden documents,” Prins said, “I’m convinced Regin is used by British and American intelligence services.”
https://firstlook.org/theintercept/2014/11/24/secret-regin-malware-belgacom-nsa-gchq/
govt's worldwide are growing increasingly mistrustful of the NSA and GCHQ. there will never be a worldwide ban on Bitcoin.
Reggie Middleton gets it. even tho i disapprove of Ultracoin, at least his headline about Bitcoin is correct. Bitcoin is set to consume fiat currency ala the Forex and gold markets. why screw it all up by letting a conflicted financially motivated company called Blockstream insert a source code change that will change the mining equilibrium for sure and, as i submit, Bitcoins Sound Money principles based on the inextricable link btwn the currency unit and the blockchain?:
Faith, Math and Circular Logic: Why Bitcoin is More Valuable Than ANY Fiat Currency Today!
http://www.zerohedge.com/news/2014-11-24/faith-math-and-circular-logic-why-bitcoin-more-valuable-any-fiat-currency-today
Faith, Math and Circular Logic: Why Bitcoin is More Valuable Than ANY Fiat Currency Today!
http://www.zerohedge.com/news/2014-11-24/faith-math-and-circular-logic-why-bitcoin-more-valuable-any-fiat-currency-today
here's why you're better off just buying BTC instead of investing into Bitcoin companies:
http://nakamotoinstitute.org/mempool/the-correct-strategy-of-bitcoin-entrepreneurship/
yes, this is for you Blockstream.
http://nakamotoinstitute.org/mempool/the-correct-strategy-of-bitcoin-entrepreneurship/
yes, this is for you Blockstream.
Too many frauds and unregulated securities.
Even successful one cut investors out of the profit.
here's why you're better off just buying BTC instead of investing into Bitcoin companies:
http://nakamotoinstitute.org/mempool/the-correct-strategy-of-bitcoin-entrepreneurship/
yes, this is for you Blockstream.
http://nakamotoinstitute.org/mempool/the-correct-strategy-of-bitcoin-entrepreneurship/
yes, this is for you Blockstream.
Thanks for the link, will be an interesting and insightful read hopefully.
edit, so far, it is.
...
The old school still view the world through this gold prism.
...
The old school still view the world through this gold prism.
...
Yeah, that can probably go on for a few more decades. The youngest people who remember dollars as being tied to gold in their everyday life are probably in their 50-60s now. So another 20-30 years before those who viscerally internalize gold as money no longer run humanity to any meaningful degree. So the question for the next 20-30 years is: will economic rationality win out, or will those visceral childhood associations, and the power wielded by those who have them, be enough for a monetary resurgence of gold? I think it's a coin toss (and not a gold coin; too heavy).
Kinda doesn't matter, though, in the bitcoin vs gold discussion. Upside potential for bitcoin is considerably larger, with, in my opinion, greater probability of hitting the success case. The only spot where gold shines is if you want to be certain that your holding won't go to zero in the next 20-30 years (could still go -80%, though).
It's not a sentimental thing, Gold's a little deeper than that, it does have POW behind it and a very long history of working just fine because of it.
I would argue that "youngsters" stupidly tolerate fiat, over 99% of people haven't a clue what money is. I'd take a 10 year position in gold over toilet paper any day.
Gold and Bitcoin are pretty similar economically. Fiat is our common enemy, but nobody seems to mind it too much, someone was lauding the emergence of "cryptofiat" recently, I told him it was an oxymoron.
Jump to: