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.
Topic: Gold collapsing. Bitcoin UP. - page 658. (Read 2032265 times)
It's a long way down for gold IMO
Eventually I found out somehing both you and cypher agree on :-)
...
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).
I think we can do it within a decade.
We'd need Bitcoin to shoot past gold's market cap.
It won't be so much economic rationality that awakens them from their slumber but economic reality. It's a long way down for gold IMO
...
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).
Following on from yesterday re: CB's, currency, govt etc. Here is head of Russia's CB (and Putins former economics advisor) announcing to Russian parliament that they have purchased 150 tons of gold.
Quote form article:
This announcement is unusual and to our knowledge has not happened before. The announcement by the Russian central bank governor was likely coordinated with Putin and the Kremlin and designed to signal how Russia views their gold reserves as a potential geopolitical and indeed financial and currency war weapon.
https://www.linkedin.com/today/post/article/20141119160332-16388259-gold-rises-after-unusual-russian-gold-buying-announcement
The old school still view the world through this gold prism. Lets hope through necessity Bitcoin changes that
Quote form article:
This announcement is unusual and to our knowledge has not happened before. The announcement by the Russian central bank governor was likely coordinated with Putin and the Kremlin and designed to signal how Russia views their gold reserves as a potential geopolitical and indeed financial and currency war weapon.
https://www.linkedin.com/today/post/article/20141119160332-16388259-gold-rises-after-unusual-russian-gold-buying-announcement
The old school still view the world through this gold prism. Lets hope through necessity Bitcoin changes that
Splitting the currency unit from the blockchain? Who's lame brain idea is that anyways?
1. It is crystal clear that you will not stop Blockstream devs from implementing SPV proof.
2. I'm quite sure that OP_SIDECHAINVERIFY will be accepted by majority of miners very very fast. -> they have no problem to take fees in BTC verifying side chain data.
3. I want to ask you -> what will you do then ?
does it matter?
I am curious. Maybe you are just paid by Blockstream to use inverted psychology and you are only advertising SC.
Is this your real intentions ? (advertise and adopt SC ?)
there would have to be a much easier to do that if true.
given all my arguments, it is quite clear what my concerns are and that i think SC's are a bad idea.
so what will you do in this case
(it is 1 of N possible cases)1. Blockstream devs will implement SPV proof.
2. OP_SIDECHAINPROOFVERIFY will be accepted by majority of miners very fast. (let's say it will take 1 month)
the spvp is no where near being implemented. much work needs to be done, afaik.
btw, i asked you before but never got an answer. what mathematical proof is being used for the 2wp with all these federated servers you're claiming are in use?
Federated servers use multisig (bitcoin already support multisig). One server(one owner) has one signature. You choose how much server do you trust N and how many of them have to sign M. => M of N ( eq. 3 of 5 )
can you answer now ? "what will you do then ? "
ah, that's interesting.
it doesn't matter what i do. i'm irrelevant, remember?
You have the rights
a) do not use it
b) troll at bitcointalk
c) ... 1 million other options :-) .. and that is my question "what will you do then ? "
I keep clicking on your thread thinking it's my thread 
Splitting the currency unit from the blockchain? Who's lame brain idea is that anyways?
1. It is crystal clear that you will not stop Blockstream devs from implementing SPV proof.
2. I'm quite sure that OP_SIDECHAINVERIFY will be accepted by majority of miners very very fast. -> they have no problem to take fees in BTC verifying side chain data.
3. I want to ask you -> what will you do then ?
does it matter?
I am curious. Maybe you are just paid by Blockstream to use inverted psychology and you are only advertising SC.
Is this your real intentions ? (advertise and adopt SC ?)
there would have to be a much easier to do that if true.
given all my arguments, it is quite clear what my concerns are and that i think SC's are a bad idea.
so what will you do in this case
(it is 1 of N possible cases)1. Blockstream devs will implement SPV proof.
2. OP_SIDECHAINPROOFVERIFY will be accepted by majority of miners very fast. (let's say it will take 1 month)
the spvp is no where near being implemented. much work needs to be done, afaik.
btw, i asked you before but never got an answer. what mathematical proof is being used for the 2wp with all these federated servers you're claiming are in use?
Federated servers use multisig (bitcoin already support multisig). One server(one owner) has one signature. You choose how much server do you trust N and how many of them have to sign M. => M of N ( eq. 3 of 5 )
can you answer now ? "what will you do then ? "
ah, that's interesting.
it doesn't matter what i do. i'm irrelevant, remember?
Splitting the currency unit from the blockchain? Who's lame brain idea is that anyways?
1. It is crystal clear that you will not stop Blockstream devs from implementing SPV proof.
2. I'm quite sure that OP_SIDECHAINVERIFY will be accepted by majority of miners very very fast. -> they have no problem to take fees in BTC verifying side chain data.
3. I want to ask you -> what will you do then ?
does it matter?
I am curious. Maybe you are just paid by Blockstream to use inverted psychology and you are only advertising SC.
Is this your real intentions ? (advertise and adopt SC ?)
there would have to be a much easier to do that if true.
given all my arguments, it is quite clear what my concerns are and that i think SC's are a bad idea.
so what will you do in this case
(it is 1 of N possible cases)1. Blockstream devs will implement SPV proof.
2. OP_SIDECHAINPROOFVERIFY will be accepted by majority of miners very fast. (let's say it will take 1 month)
the spvp is no where near being implemented. much work needs to be done, afaik.
btw, i asked you before but never got an answer. what mathematical proof is being used for the 2wp with all these federated servers you're claiming are in use?
Federated servers use multisig (bitcoin already support multisig). One server(one owner) has one signature. You choose how much server do you trust N and how many of them have to sign M. => M of N ( eq. 3 of 5 )
can you answer now ? "what will you do then ? "
Splitting the currency unit from the blockchain? Who's lame brain idea is that anyways?
1. It is crystal clear that you will not stop Blockstream devs from implementing SPV proof.
2. I'm quite sure that OP_SIDECHAINVERIFY will be accepted by majority of miners very very fast. -> they have no problem to take fees in BTC verifying side chain data.
3. I want to ask you -> what will you do then ?
does it matter?
I am curious. Maybe you are just paid by Blockstream to use inverted psychology and you are only advertising SC.
Is this your real intentions ? (advertise and adopt SC ?)
there would have to be a much easier to do that if true.
given all my arguments, it is quite clear what my concerns are and that i think SC's are a bad idea.
so what will you do in this case
(it is 1 of N possible cases)1. Blockstream devs will implement SPV proof.
2. OP_SIDECHAINPROOFVERIFY will be accepted by majority of miners very fast. (let's say it will take 1 month)
the spvp is no where near being implemented. much work needs to be done, afaik.
btw, i asked you before but never got an answer. what mathematical proof is being used for the 2wp with all these federated servers you're claiming are in use?
Splitting the currency unit from the blockchain? Who's lame brain idea is that anyways?
1. It is crystal clear that you will not stop Blockstream devs from implementing SPV proof.
2. I'm quite sure that OP_SIDECHAINVERIFY will be accepted by majority of miners very very fast. -> they have no problem to take fees in BTC verifying side chain data.
3. I want to ask you -> what will you do then ?
does it matter?
I am curious. Maybe you are just paid by Blockstream to use inverted psychology and you are only advertising SC.
Is this your real intentions ? (advertise and adopt SC ?)
there would have to be a much easier to do that if true.
given all my arguments, it is quite clear what my concerns are and that i think SC's are a bad idea.
so what will you do in this case
(it is 1 of N possible cases)1. Blockstream devs will implement SPV proof.
2. OP_SIDECHAINPROOFVERIFY will be accepted by majority of miners very fast. (let's say it will take 1 month)
Splitting the currency unit from the blockchain? Who's lame brain idea is that anyways?
1. It is crystal clear that you will not stop Blockstream devs from implementing SPV proof.
2. I'm quite sure that OP_SIDECHAINVERIFY will be accepted by majority of miners very very fast. -> they have no problem to take fees in BTC verifying side chain data.
3. I want to ask you -> what will you do then ?
does it matter?
I am curious. Maybe you are just paid by Blockstream to use inverted psychology and you are only advertising SC.
Is this your real intentions ? (advertise and adopt SC ?)
there would have to be a much easier to do that if true.
given all my arguments, it is quite clear what my concerns are and that i think SC's are a bad idea.
Splitting the currency unit from the blockchain? Who's lame brain idea is that anyways?
1. It is crystal clear that you will not stop Blockstream devs from implementing SPV proof.
2. I'm quite sure that OP_SIDECHAINVERIFY will be accepted by majority of miners very very fast. -> they have no problem to take fees in BTC verifying side chain data.
3. I want to ask you -> what will you do then ?
btw, how do you "know" these things?
1. it is obvious
2. it is my expectation
3. it is my question :-)
Splitting the currency unit from the blockchain? Who's lame brain idea is that anyways?
1. It is crystal clear that you will not stop Blockstream devs from implementing SPV proof.
2. I'm quite sure that OP_SIDECHAINVERIFY will be accepted by majority of miners very very fast. -> they have no problem to take fees in BTC verifying side chain data.
3. I want to ask you -> what will you do then ?
does it matter?
I am curious. Maybe you are just paid by Blockstream to use inverted psychology and you are only advertising SC.
Is this your real intentions ? (advertise and adopt SC ?)
Splitting the currency unit from the blockchain? Who's lame brain idea is that anyways?
1. It is crystal clear that you will not stop Blockstream devs from implementing SPV proof.
2. I'm quite sure that OP_SIDECHAINVERIFY will be accepted by majority of miners very very fast. -> they have no problem to take fees in BTC verifying side chain data.
3. I want to ask you -> what will you do then ?
btw, how do you "know" these things?
Splitting the currency unit from the blockchain? Who's lame brain idea is that anyways?
1. It is crystal clear that you will not stop Blockstream devs from implementing SPV proof.
2. I'm quite sure that OP_SIDECHAINVERIFY will be accepted by majority of miners very very fast. -> they have no problem to take fees in BTC verifying side chain data.
3. I want to ask you -> what will you do then ?
does it matter?
Splitting the currency unit from the blockchain? Who's lame brain idea is that anyways?
1. It is crystal clear that you will not stop Blockstream devs from implementing SPV proof.
2. I'm quite sure that OP_SIDECHAINVERIFY will be accepted by majority of miners very very fast. -> they have no problem to take fees in BTC verifying side chain data.
3. I want to ask you -> what will you do then ?
Splitting the currency unit from the blockchain? Who's lame brain idea is that anyways?
Thoughts can be evil, they should ban all thinking.
"trees"?
Well, if you can't beat 'em, join 'em. You go Peter Todd.
Spvp intra protocol enabled speculation. "tons"of it, I believe you said. That's just great. Just what a sound money needs to destroy itself.
You know, I'm just trying to keep the Blockstream investors from losing their shirts.
Well, if you can't beat 'em, join 'em. You go Peter Todd.
Spvp intra protocol enabled speculation. "tons"of it, I believe you said. That's just great. Just what a sound money needs to destroy itself.
You know, I'm just trying to keep the Blockstream investors from losing their shirts.
Note that the chains are below this new Merkle Tree. That is, each of Bitcoin and BitDNS have their own chain links inside their blocks. This is inverted from the common timestamp server arrangement, where the chain is on top and then the Merkle Tree, because that creates one common master chain. This is two timestamp servers not sharing a chain
If you only trust satoshi then maybe his explanation can help your poor cause.
Twisting my words to fit your schizo-logic is not.
SPVP enables intra protocol "settlement" (proof verification). Not speculation. Speculation using assets issued from units on the blockchain will be implemented one way or another. SPVP does not help their propagation considering few, if any, of these "speculative" sidechains will command enough adoption of secure required MM.
Quote
As for you what you have yet to figure out it seems is that there are a uses for sidechains beyond tying them to speculative assets. Like, tons of them.
That was the context for "tons of it" you illiterate liar.
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