Gold collapsing. Bitcoin UP. - page 871.

cypherdoc

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Quote from: cbeast on October 12, 2014, 09:10:32 PM

Quote from: cypherdoc on October 12, 2014, 03:16:08 PM

Quote from: justusranvier on October 12, 2014, 03:10:57 PM

Found it: http://nakamotoinstitute.org/the-skeptics/

I wasn't aware of any of that.

It sounds like a "One Weird Trick" claim. If nobody else has discovered this "flaw" a year later, then it doesn't exist and he is a scammer.

his arguments are riddled in contradictions.

i got him to say he will release his exploit code on Nov 4 in private pm's today, one year after his paper was published.

then, he can stop publicly stop speaking about it, as i am sure it will amount to nothing.

vuduchyld

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Quote from: cbeast on October 12, 2014, 09:10:32 PM

It sounds like a "One Weird Trick" claim. If nobody else has discovered this "flaw" a year later, then it doesn't exist and he is a scammer.

Sounds like BCX re: XMR

cbeast

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Let's talk governance, lipstick, and pigs.

Quote from: cypherdoc on October 12, 2014, 03:16:08 PM

Quote from: justusranvier on October 12, 2014, 03:10:57 PM

Found it: http://nakamotoinstitute.org/the-skeptics/

I wasn't aware of any of that.

It sounds like a "One Weird Trick" claim. If nobody else has discovered this "flaw" a year later, then it doesn't exist and he is a scammer.

cypherdoc

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goldbugs: "oh shit".

“Decrease in prices should ideally prompt people to buy more gold. Those looking to invest in bitcoins at this time are defying the trend,” said Sivakameshwar Rao, CEO and MD of BTCX India. Mr. Rao said investors in Vijayawada, Visakhapatnam and Nellore are leading the pack. He said that while Bitcoin is yet to be adopted in a big way in India, the developments this year have been positive.

Adds G. Gurumohan Reddy, who too has been buying and selling bitcoins for about six months now, “We expect gold prices to go down further. So investing in gold is not an option. Bitcoins have the potential to appreciate in the present time. Besides, storage of gold is risky. Bitcoin is digital with a small storage risk,” he explained.

http://www.thehindu.com/news/cities/Hyderabad/bitcoin-giving-gold-the-nudge/article6494031.ece?ref=sliderNews

cypherdoc

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this doesn't look so good. 3y daily Rut. note how we've slid down the mountain into no man's land with no real support until all the way down thar to the 2nd red line:

cypherdoc

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so, to keep the bear mkt in gold going, price shouldn't rise any higher than 1346.8:

cypherdoc

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shorts starting to capitulate:

cypherdoc

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When you say, ‘I have nothing to hide,’ you’re saying, ‘I don’t care about this right.’ You’re saying, ‘I don’t have this right, because I’ve got to the point where I have to justify it.’ The way rights work is, the government has to justify its intrusion into your rights.

http://techcrunch.com/2014/10/11/edward-snowden-new-yorker-festival/?ncid=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Techcrunch+%28TechCrunch%29

cypherdoc

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Quote from: lebing on October 12, 2014, 03:40:21 PM

Cypher you still see gold going down medium term? My cover finger is getting itchy.

you should've covered when i did Tongue

:

Quote from: cypherdoc on September 30, 2014, 11:46:12 AM

just sold off my DZZ & ZSL. flat now, as i'm expecting a short term bounce.

there's some question as to when the daily short term bottom occurred; 9/22 or 10/6. i'm leaning to the latter which would be confirmed if we get over the 9/23 high:

nevertheless, we're into the time interval where a weekly/interm bottom should occur. mind you, we could get another punchdown more into the middle of the band. but on balance, if the weekly bottom is indeed in, we could go significantly higher. which is why i covered on 9/30:

i'm going to be looking to reinstitute my shorts, but not now.

Melbustus

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Quote from: cypherdoc on October 12, 2014, 03:16:08 PM

Quote from: justusranvier on October 12, 2014, 03:10:57 PM

Found it: http://nakamotoinstitute.org/the-skeptics/

I wasn't aware of any of that.

Bitcoin price the day he said that: $205.
Bitcoin price 30 days after he said that: $1100.

^ What timing!

Bitcoin price change between then and right now, nearly a year later: +81%.
S&P change over same period: +7.5%.
Gold change over same period: -7.8%

lebing

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Enabling the maximal migration

Cypher you still see gold going down medium term? My cover finger is getting itchy.

Blazin604

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Quote from: cypherdoc on March 13, 2012, 04:22:01 PM

Quote from: labestiol on March 13, 2012, 03:39:14 PM

Do you have any target on gold/silver cypherdoc ?
I have to admit that i didn't believe you back in July, even if a correction clearly made sense.
Now the real question is where the bottom will be... We're not there yet, i do think PM will go down with stocks, and the correction in stocks should happen (soon ?).

Gaud, the last thing i want to do is create another massive thread like the "Gold-I smell a trap" one over in Economics that went on for 5 months. it was just too much work. most ppl here into gold/silver won't like what i have to say so don't bother reading further.

my views haven't changed. i think gold/silver is a relic of the past and Bitcoin will assume its place as a new standard. i think gold drops to $400. i think that we are about to embark on a massive debt deleveraging phase which will be deflationary and take stocks down with it to test the March 09 lows at least. we may drift a few more days higher in the Dow before it rolls over. i see divergences everywhere but especially with the Transports, Russell, and ALL commodities like oil, natural gas, wheat, corn, rice, soybeans, copper and gold/silver. the silver chart especially is busted. the general mining stocks are telegraphing hard times ahead like FCX, TCK, BHP. the junior miners have been devastated as in GDXJ. GDX is following it down.

there's a good chance Wall St and the Fed are desperately trying to manipulate the Dow higher to get retail investors back in but don't buy it. once we roll they will sell/short you into oblivion. the Vix did an underthrow today once again to try and create complacency.

i'm going to try and not say much more as i could be wrong and i know the gold bugs are going to start swarming with the hate.

Bitcoin will replace gold in the next 10 years. Right now we are seeing a slow rise to 400. We should hit that by 10/20/14 and from there the price will slowly increase back to its ATH and possibly surpass it before the year ends. Hop on while you can everyone.

cypherdoc

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moving UP.

cypherdoc

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Quote from: justusranvier on October 12, 2014, 03:10:57 PM

Found it: http://nakamotoinstitute.org/the-skeptics/

I wasn't aware of any of that.

justusranvier

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Found it: http://nakamotoinstitute.org/the-skeptics/

justusranvier

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Quote from: cypherdoc on October 12, 2014, 02:45:42 PM

he's using a very lame excuse that he doesn't want to be overly criticized on bitcointalk if he releases his code that supposedly leads to Bitcoiner's losing money. Roll Eyes

This is the same douchebag who announced his finding by saying "OMG Bitcoin is going to zero sell all your coins!!!" (paraphrased) on Twitter, right?

cypherdoc

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Quote from: Melbustus on October 12, 2014, 01:53:41 PM

Quote from: cypherdoc on October 12, 2014, 11:22:33 AM

The Selfish Mining Attack:

https://twitter.com/cypherdoc2/status/521321978037555200

Until Emin releases his code hack and it is found to be valid in practice, I think he should stop making public appearances with talks that essentially scare Bitcoin miners. This is what occurred this weekend at Hashers United.

Yeah, the problem is the degree to which he's beat the "doom" drum about this. Academics are often prone to the "it's not perfect, therefore it's crap" attitude, which is annoying (and naive). That said, the sooner academically-verified issues, including SM, are addressed, the better.

he's using a very lame excuse that he doesn't want to be overly criticized on bitcointalk if he releases his code that supposedly leads to Bitcoiner's losing money. Roll Eyes

yet he doesn't realize he's costing Bitcoiner's money by talking in public about what he's sure is a fundamental flaw in mining. yet, the only reason he has confidence to talk in public is b/c his hack has not been thoroughly vetted. he doesn't want to have his code hack vetted by the world community at large like the hackers of the Heartbleed and Bash bug were willing to do. his hack has been buried for almost a year. we need to get this out and once and for all bury this festering doubt.

the other way he causes Bitcoiner's to lose money is to the degree that altscam investors believe him. i saw this firsthand this weekend. "oh see, Bitcoin has this major flaw therefore i will invest in this altcoin". he claims his hack has been vetted by a few core devs. that may or many not be. that's still not equivalent to releasing it into the wild for vetting according to open source principles.

Melbustus

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Quote from: cypherdoc on October 12, 2014, 11:22:33 AM

The Selfish Mining Attack:

https://twitter.com/cypherdoc2/status/521321978037555200

Until Emin releases his code hack and it is found to be valid in practice, I think he should stop making public appearances with talks that essentially scare Bitcoin miners. This is what occurred this weekend at Hashers United.

Yeah, the problem is the degree to which he's beat the "doom" drum about this. Academics are often prone to the "it's not perfect, therefore it's crap" attitude, which is annoying (and naive). That said, the sooner academically-verified issues, including SM, are addressed, the better.

Wekkel

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yes

Quote from: FNG on October 12, 2014, 03:12:45 AM

For some perspective on how small bitcoin currently is

A real hype hasn't even occurred yet Roll Eyes

cypherdoc

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The Selfish Mining Attack:

https://twitter.com/cypherdoc2/status/521321978037555200

Until Emin releases his code hack and it is found to be valid in practice, I think he should stop making public appearances with talks that essentially scare Bitcoin miners. This is what occurred this weekend at Hashers United.

Topic: Gold collapsing. Bitcoin UP. - page 871. (Read 2032266 times)