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Topic: Gold collapsing. Bitcoin UP. - page 93. (Read 2032266 times)

legendary
Activity: 961
Merit: 1000
July 26, 2015, 01:46:48 AM
Looks like we have a rate rise by the fed on tap this year. Should start to get priced in on monday

Yeah, no.  QE4?  Yep.
So you think the internal report that alluded to a rate rise this year accidentily published by the fed on their website was smoke and mirrors?

maybe that leak glitch was a subtle form of forward guidance.

interesting that rumblings of an EM crash have since intensified - the debt racked up by overseas entities priced in dollars is over $5T according to BIS (iirc)
legendary
Activity: 1764
Merit: 1002
July 26, 2015, 01:28:15 AM
Looks like we have a rate rise by the fed on tap this year. Should start to get priced in on monday

Yeah, no.  QE4?  Yep.

I'm expecting both, with unlimited Keynesian hubris on the side.
This is a confidence game, so with sufficiently disorganized alternatives, the Fed may be bold and anyway they are not afraid of Bitcoin... at all.

Indeed. And for those that are still counting it will be QE5 next.
http://useconomy.about.com/od/glossary/g/Quantitative-Easing.htm

QE4 was a re-bailout of the Treasury market for new issuance plus a much needed cash infusion for the primary dealers (banks)
QE3 was a re-bailout of the MBS investors (re-bailout of Fannie & Freddie) and banks
QE2 was a bailout of the Treasury market, FDIC, plus domestic and foreign banks
QE1 was a bailout of the MBS investors (bailout of Fannie & Freddie) and the banks
TARP was a bailout of the merchant banks (Citi, Squid etc) plus AIG, car-makers and (why not?) foreign banks

the time to have raised rates was during the towering stock market advance of the last few years before what appears to have been the peak on May 19, 2015.  now that we have a Dow Theory non-confirmation on the board which looks to confirm the latter half of this year, it would be highly unlikely they raise interest rates into the the teeth of that as that would only accelerate an ongoing plunge.

it will be interesting to see how they handle this one but i doubt it will include a raise in rates.

Market performance being that mysterious third mandate of the dual mandate.

The way they behave, you'd think it's all about  the stock market.
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
July 26, 2015, 01:07:41 AM
Looks like we have a rate rise by the fed on tap this year. Should start to get priced in on monday

Yeah, no.  QE4?  Yep.

I'm expecting both, with unlimited Keynesian hubris on the side.
This is a confidence game, so with sufficiently disorganized alternatives, the Fed may be bold and anyway they are not afraid of Bitcoin... at all.

Indeed. And for those that are still counting it will be QE5 next.
http://useconomy.about.com/od/glossary/g/Quantitative-Easing.htm

QE4 was a re-bailout of the Treasury market for new issuance plus a much needed cash infusion for the primary dealers (banks)
QE3 was a re-bailout of the MBS investors (re-bailout of Fannie & Freddie) and banks
QE2 was a bailout of the Treasury market, FDIC, plus domestic and foreign banks
QE1 was a bailout of the MBS investors (bailout of Fannie & Freddie) and the banks
TARP was a bailout of the merchant banks (Citi, Squid etc) plus AIG, car-makers and (why not?) foreign banks

the time to have raised rates was during the towering stock market advance of the last few years before what appears to have been the peak on May 19, 2015.  now that we have a Dow Theory non-confirmation on the board which looks to confirm the latter half of this year, it would be highly unlikely they raise interest rates into the the teeth of that as that would only accelerate an ongoing plunge.

it will be interesting to see how they handle this one but i doubt it will include a raise in rates.

Market performance being that mysterious third mandate of the dual mandate.
legendary
Activity: 2044
Merit: 1005
July 25, 2015, 10:56:12 PM
Looks like we have a rate rise by the fed on tap this year. Should start to get priced in on monday

Yeah, no.  QE4?  Yep.
So you think the internal report that alluded to a rate rise this year accidentily published by the fed on their website was smoke and mirrors?
legendary
Activity: 1764
Merit: 1002
July 25, 2015, 10:45:22 PM
Looks like we have a rate rise by the fed on tap this year. Should start to get priced in on monday

Yeah, no.  QE4?  Yep.

I'm expecting both, with unlimited Keynesian hubris on the side.
This is a confidence game, so with sufficiently disorganized alternatives, the Fed may be bold and anyway they are not afraid of Bitcoin... at all.

Indeed. And for those that are still counting it will be QE5 next.
http://useconomy.about.com/od/glossary/g/Quantitative-Easing.htm

QE4 was a re-bailout of the Treasury market for new issuance plus a much needed cash infusion for the primary dealers (banks)
QE3 was a re-bailout of the MBS investors (re-bailout of Fannie & Freddie) and banks
QE2 was a bailout of the Treasury market, FDIC, plus domestic and foreign banks
QE1 was a bailout of the MBS investors (bailout of Fannie & Freddie) and the banks
TARP was a bailout of the merchant banks (Citi, Squid etc) plus AIG, car-makers and (why not?) foreign banks

the time to have raised rates was during the towering stock market advance of the last few years before what appears to have been the peak on May 19, 2015.  now that we have a Dow Theory non-confirmation on the board which looks to confirm the latter half of this year, it would be highly unlikely they raise interest rates into the the teeth of that as that would only accelerate an ongoing plunge.

it will be interesting to see how they handle this one but i doubt it will include a raise in rates.
legendary
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
July 25, 2015, 10:22:10 PM
Looks like we have a rate rise by the fed on tap this year. Should start to get priced in on monday

Yeah, no.  QE4?  Yep.

I'm expecting both, with unlimited Keynesian hubris on the side.
This is a confidence game, so with sufficiently disorganized alternatives, the Fed may be bold and anyway they are not afraid of Bitcoin... at all.

Indeed. And for those that are still counting it will be QE5 next.
http://useconomy.about.com/od/glossary/g/Quantitative-Easing.htm

QE4 was a re-bailout of the Treasury market for new issuance plus a much needed cash infusion for the primary dealers (banks)
QE3 was a re-bailout of the MBS investors (re-bailout of Fannie & Freddie) and banks
QE2 was a bailout of the Treasury market, FDIC, plus domestic and foreign banks
QE1 was a bailout of the MBS investors (bailout of Fannie & Freddie) and the banks
TARP was a bailout of the merchant banks (Citi, Squid etc) plus AIG, car-makers and (why not?) foreign banks
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
July 25, 2015, 09:58:54 PM
Looks like we have a rate rise by the fed on tap this year. Should start to get priced in on monday

Yeah, no.  QE4?  Yep.

I'm expecting both, with unlimited Keynesian hubris on the side.
This is a confidence game, so with sufficiently disorganized alternatives, the Fed may be bold and anyway they are not afraid of Bitcoin... at all.
legendary
Activity: 2002
Merit: 1040
July 25, 2015, 07:37:38 PM
Looks like we have a rate rise by the fed on tap this year. Should start to get priced in on monday

Yeah, no.  QE4?  Yep.
legendary
Activity: 1764
Merit: 1002
July 25, 2015, 07:33:24 PM
Looks like we have a rate rise by the fed on tap this year. Should start to get priced in on monday

I'll believe it when I  see it.
legendary
Activity: 2044
Merit: 1005
July 25, 2015, 06:53:15 PM
Looks like we have a rate rise by the fed on tap this year. Should start to get priced in on monday
legendary
Activity: 1764
Merit: 1002
July 25, 2015, 06:52:46 PM
Converted to 0.10.2 XT. Eagerly awaiting the largeblocks version.


I have 6 nodes ready and waiting.

how much does it cost you per node per month?

also, i asked before but you missed it... where are you getting those hash rate distribution graphs from? they dont match up with blockchain.info and others.



https://chain.so/btc

i think i'm paying $30/yr for 1GB RAM with swap/100GB disk
legendary
Activity: 1512
Merit: 1005
July 25, 2015, 05:00:00 PM
Small blocks equal small minds.

lol, small blocks equal smart minds.   (contrary big and stupid)

Small blocks, small dicks.


I want to say "the only dick here is you" but it is not true. cypherdoc is here too :-)

But there is no poetry in that.
legendary
Activity: 1512
Merit: 1005
July 25, 2015, 04:58:35 PM
So we have the asics. After a few rounds of minimalization, we will be at the smallest size asics that can be made.

Next step is a special processor for lookup in the blockchain database. Maybe a special cache that can hold the transaction indexes, maybe some prediction built in so the whole chain from the coinbase can be loaded into the cache in paralell. And a special cache for holding whole transactions, or at least an output address and the number of satoshis in each cache line. One machine cycle to verify each output, at 8 GHz. That would be something. Well, ideas are cheap.
legendary
Activity: 1414
Merit: 1000
July 25, 2015, 04:51:07 PM
Small blocks equal small minds.

lol, small blocks equal smart minds.   (contrary big and stupid)

Small blocks, small dicks.


I want to say "the only dick here is you" but it is not true. cypherdoc is here too :-)
legendary
Activity: 1512
Merit: 1005
July 25, 2015, 04:45:14 PM
Small blocks equal small minds.

lol, small blocks equal smart minds.   (contrary big and stupid)

Small blocks, small dicks.


Does your mom know you're staying up late and sneaking on to her laptop just to act like a jackass?

Here son, have a clue:

Quote
The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004

My mother died at the age of ninety a few years ago. Changing the blocksize do not add to the size of the bitcoin node.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
July 25, 2015, 04:41:55 PM
Small blocks equal small minds.

lol, small blocks equal smart minds.   (contrary big and stupid)

Small blocks, small dicks.


Does your mom know you're staying up late and sneaking on to her laptop just to act like a jackass?

Here son, have a clue:

Quote
The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004
legendary
Activity: 1512
Merit: 1005
July 25, 2015, 04:36:59 PM
Small blocks equal small minds.

lol, small blocks equal smart minds.   (contrary big and stupid)

Small blocks, small dicks.
legendary
Activity: 1512
Merit: 1005
July 25, 2015, 04:33:46 PM
Converted to 0.10.2 XT. Eagerly awaiting the largeblocks version.


I have 6 nodes ready and waiting.

how much does it cost you per node per month?

also, i asked before but you missed it... where are you getting those hash rate distribution graphs from? they dont match up with blockchain.info and others.


No idea, not much. I have an i7, 12GB machine bought a few years ago, and a 25/25 Mb/s fiber to the home. The node runs in the background, I hardly notice it.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
July 25, 2015, 04:26:56 PM
Small blocks equal small minds.

Small is beautiful.  Small is defensible.

Quote
The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004

We will not allow Bitcoin to succumb to cheap bloating attacks and lazy slouching towards the negative marginal returns, and inevitable extinction, of gigantism.

A comet will eventually hit Planet Bitcoin.  When that happens it needs to still be a nimble mammal, not a bloated dinosaur.

LOL, your 6 SX nodes are 6% of their total and a mighty 1.55% of the network!

Fear the wrath of the Gavinistas!   Cheesy
legendary
Activity: 1176
Merit: 1000
July 25, 2015, 04:12:36 PM
Quote
Multiple Choice Question:
Do you see bitcoin in the future as:
A) a scaling peer to peer network with ultra cheap transactions, for anyone globally to use, with bitcoin functioning as internet cash, avoiding financial intermediaries or banks.
B) a settlement layer for banks, fin tech companies and early adopters, with a low volume expensive to transact upon blockchain

C) all of the above, and more

It's a trick question (false dilemma fallacy), because of the duality of big-B Bitcoin (the first successful e-cash implementation) and small-b bitcoin (blockchain technology).

Small-b bitcoin has already forked, in the form of alts, so as to ensure ultra cheap p2p global tx for all mankind.

Big-B Bitcoin, still in its early life cycle, is in the phase where it distinguishs itself and diverges  from Bitcoin-like blockchains, on the way to becoming the (ultra-secure, expensive, low volume) Mother of All settlement layers and global reserve e-cash.

The commonplace category error plaguing us at the moment results from failing to recognize this bifurcation (and reading Satoshi's Whitepaper in that context), or refusing to countenance the existence of alts (IE small-b bitcoin) because of some nutty Maximalist Monopolist Fundamentalist Supremacist ideological stance.

Unless you expect bitcoin to have hundreds of sidechains (not altcoins) performing 'ultra cheap p2p global tx for all mankind' then your argument is flawed.

The bitcoin chain only has value because it is first and because people expect it to retain (or increase) it's value in the future through increased (or continuing) adoption. Early adopters might not see that this is a problem if bitcoin remains limited or crippled by a small blocksize but to those of us who just missed that early boat and joined the party in 2013 or later it is an issue. The reason being that to all non-early adopters the speculative value of bitcoin over alternate blockchains is based in part upon the expectation of a significantly growing userbase and ultimately exchange price of each bitcoin. If it becomes clear that bitcoin is not going to scale or remain the cheapest blockchain out there for new users then it won't just be new users who migrate to alternate chains, it will be the value that early adopters enjoy currently, too.

Edit: Pro-tip: lightning is vapour currently so wind your neck in..
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