Topic: Gold collapsing. Bitcoin UP. - page 957. (Read 2032274 times)

Don't be too harsh it is only human to try to lower the price before buying huge amounts 

Why can no one understand that we don't need this hashing power to secure this network?  I doubt we need 1% of what we have today, given the impact destroying it would have.  Obviously a major govt could (at great cost) 51% it.  But most governments that have the means are ultimately responsible to the people and killing BTC by 51% attack is not the legal approach they would take (as opposed to a ban).  Therefore hashing only needs to secure against a private enterprise.  When you realize that 51%ing does not allow you to steal other people's coin -- it only can be used to stop them from spending, to reap all the mining rewards and to double spend, you quickly realize that economically this is a losing proposition.

i don't think they can be deleted.  here use this:

[email protected]

LOL!

What a FUD! It amazes me he is trying with this low quality 

how much of a threat must nxt be if someone as high profile as himself is so afraid that he must spread such FUD i think is the question to ask. if it wasnt a threat.. would he give two shits about nxt? i dont think so...

i don't know man.  seems the capacity for ppl to take pics and videos of themselves is unlimited.  i was shocked to hear those actresses would even allow themselves to be photo'd nude, let alone have the pics uploaded.  narcissism at it's best, i'd guess.

as for unlimited communication, i agree gvt is a clear threat.  but i don't know how you stuff it back in the bag.  we're all too used to it.  i for one, will fight to retain those freedoms.

I've never used twitter, can twits be deleted by the owner? If not, it would be funny to bring those up from time to time in the future

Obviously he was spreading FUD. Why are some people so afraid of Nxt and willing to lie?

I'm just glad to see you are keeping an eye on Nxt's affairs:P You'll be hearing much more about it over the next few months, I can promise you that.

I look forward to the day when we can look back and laugh at how dismissive you all were, just like the early days of bitcoin.

Not that actual bulk storage of the blockchain has ever been terribly concerning, but...

What gets me is the people who worship at the alter of Moore's law.  In my own experience, I got my first computer about 30 years ago.  I was lucky to get a floppy drive with it.  144k if I remember correctly.  I got my first PC about 20 years ago.  210M.  About 1500x.  I bought a high capacity HDD for my place of work upon starting a new job about 10 years ago.  400G.  About 1900x.  Now I think I could reasonably get a 6T drive.  About 15x.

Bitcoin is still at it's gestational stage and is a tiny baby-step toward where a reasonably large percentage of 'enthusiasts' think it ought to end up.  Many of the consumer available technologies are approaching a point where they need progress little farther in order to meet consumer demand.  These curves plotted on top of one another reveal the problem.  Furthermore it seems likely to me that allowing free communication between individuals is to dangerous to allow and will likely be quashed should an event which facilitates it occur.  The solution to that particular problems would be to step back and let the connected industrial players take over the infrastructure aspect of the network, but when that happens Bitcoin is closer to the USD than it is to the original implementation in my view.  Yes, it will always have some advantages (hopefully) but it is simply not a compelling solution at that point.  To me.

FUD would be my guess.. have you seen him WRONGLY attack any other coins as of late? nope.. didnt think so.. wouldnt be so bad if it was actually true.

if it's so unaffordable, then why does it keep doing this?:

I've just compiled nxt binary from sources. It took exactly 2 seconds, compile.sh script is bundled with the package. You need JDK, not JRE.
Try it yourself, source code is included:
https://bitbucket.org/JeanLucPicard/nxt/downloads/nxt-client-1.2.8.zip

Garzik has no idea what he's twitting about or has an intention to spread FUD.

ok NXT, when are you going to get it together?

https://twitter.com/jgarzik/status/511566276255154177

i love your humor

or maybe you're just a cocky ass troll, like me, according to notme.

Oh Noes!  The block chain takes so many gigabytes now that it costs almost US$10 to store it on a thumb drive smaller than most the keys on your keychain.

Unfeasible!

They are living in the 20th century, or earlier methinks.

thanks for reminding me of that.

i find it interesting that all the negative pronouncements we are getting from different countries come from their CB's.  the other gvt agencies seem to be sufficiently confused enough to go along.  the most striking example was out of China last year.  several gvt agencies actually had issued somewhat positive reports on Bitcoin.  only several months later when the PBOC weighed in did the negative propaganda start coming out of their mouths.  what do you expect?

the binary proposition with Bitcoin is so huge and the potential for so much disruption for positive good remains so high that if there is ANY chance that it can work makes it worthwhile to get involved.

and the fact of the matter is that Bitcoin looks like it is NOT going anywhere.

So childish those non-arguments!

That really does not sound like the initial results the fed got from their analysts..

http://www.reddit.com/r/Bitcoin/comments/2cpew8/game_changer_bitcoin_research_at_the_federal/

Probably buried the real deal. ^^

ps: reddit source, not sure if true, although the guy wrote in a very good english and puts relative efforts into proving his point and identity.

yep, what caught my eye:

Crucially, since the RBS and Lloyds were both bailed out by the UK government during the financial crisis, the UK government is now a significant shareholder in both institutions, owning a whopping 80% of the RBS and 25% of Lloyds.