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Topic: Is Gavin "The Financial Crisis Is Over" Andresen correct, compromised, or crazy? - page 2. (Read 6516 times)

legendary
Activity: 1610
Merit: 1183
He talks about the financial crises in bitcoin! -> Translation: Bearmarket is over. He knows a huge pump is coming and this is exactly why he is afraid, the blocksize limit could be too small.

Not really, it sounds like he's talking about the economy in the classic sense, nothing to do with BTC.
Im a proposal for a blocksize increase and like his model of 8MB of increase per 2 year schelude, but if this guy thinks the financial crisis is over then he has no idea whatsoever when it comes to actual geopolitics/economics. Let's not forget this guy is a geek/nerd at heart and not a geopolitical analyst.

I had a laugh at reading myself right now. I have learned a lot for the past months, and im no longer pro-BIP 101. I can't believe I was drinking the koolaid of the big blocks back then. I understand clueless people dreaming with huge blocks now, that don't get we need LN and not a risky big block schelude that may or not may be sustainable in the long term. The more you know.
hero member
Activity: 815
Merit: 1000
"devastating climate change and peak oil?"

ManBearPig aside, do you even read the news?
Haha manbearbig? Really you don't think the drought in California is scary at all?

Quote
EG https://twitter.com/Melt_Dem/status/685202184720396288

Wow, I don't know how do deal with someone suffering with such dullest-spoon-in-the-dishwasher worthy delusions.
Temporary cheap oil prices do not mean that peak oil is debunked.
Peak means "most ever" that is where we are at. So yes we have a lot now.

Oil has been drilled for 100-200 years so the down slope will be about as long.

Like I said I don't know if the consequences will be horrific or the down slope gently enough that new technology just steps in.

Quote
But your Gavin-like Debby Denial economic illiteracy is duly noted.   Wink
Why do you believe in economic trouble if A you don't believe in resource limits and B you don't consider climate change a threat/real?

Why in your mind is the world in trouble exactly?

Quote
Enjoy your green shoots of fake growth and false recovery while you can.  Don't forget to get some silver while it's cheap.
Silver will not help. No one would accept it in an emergency. Maybe I will get some coins but I don't really see it as something serious.

If I'm just hedging against inflation stocks, Bitcoin and other stuff is better.
legendary
Activity: 1260
Merit: 1000
It honestly depends how you interpret his statement.  "Financial crisis is over" could just mean not in free fall anymore since there were talks of tanks in the streets when it occurred.  So, if the requirement of tanks is over, at least for a brief period of time, then you have still not solved any problem, but you're not in the middle of a crisis.

It depends what the definition of is is.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.

The economic crisis is obviously not over and Gavin obviously looks like a retard for saying it was.
Well that might be true, but meanwhile my kids' stocks are giving good returns, there are lots of jobs and the company I work for keeps hiring new people.
SpaceX made history, Tesla electric cars are here to save the day and my country has 50% of electricity from renewable sources.

Even Greece is still here. And if it wasn't what do I care if some banks and Greece go under? Things are honestly not looking so bad to me.

Yeah world banks and governments are still super corrupt and stupid and spending too much on bombing random middle eastern countries, but I will forgive people thinking things are pretty cool right now.
I don't know why things are so good considering above stupidity, but at the moment they are.

Now in the future with devastating climate change and peak oil and war triggered by USA and Russia stupidity maybe the story changes.

I hedged my bets on all sides. I have Bitcoin, I have cash, I have savings, I have stocks, I have a little gold, I have my own small business and a full time job - the world can do whatever it damn well pleases.

And on topic: We need bigger blocks, go go go. Lets try 2mb and see if the world ends eh?

"devastating climate change and peak oil?"

ManBearPig aside, do you even read the news?

EG https://twitter.com/Melt_Dem/status/685202184720396288

Wow, I don't know how do deal with someone suffering with such dullest-spoon-in-the-dishwasher worthy delusions.

But your Gavin-like Debby Denial economic illiteracy is duly noted.   Wink



You have made it to Stage 3.  Good job!

Enjoy your green shoots of fake growth and false recovery while you can.  Don't forget to get some silver while it's cheap.
hero member
Activity: 815
Merit: 1000

The economic crisis is obviously not over and Gavin obviously looks like a retard for saying it was.
Well that might be true, but meanwhile my kids' stocks are giving good returns, there are lots of jobs and the company I work for keeps hiring new people.
SpaceX made history, Tesla electric cars are here to save the day and my country has 50% of electricity from renewable sources.

Even Greece is still here. And if it wasn't what do I care if some banks and Greece go under? Things are honestly not looking so bad to me.

Yeah world banks and governments are still super corrupt and stupid and spending too much on bombing random middle eastern countries, but I will forgive people thinking things are pretty cool right now.
I don't know why things are so good considering above stupidity, but at the moment they are.

Now in the future with devastating climate change and peak oil and war triggered by USA and Russia stupidity maybe the story changes.

I hedged my bets on all sides. I have Bitcoin, I have cash, I have savings, I have stocks, I have a little gold, I have my own small business and a full time job - the world can do whatever it damn well pleases.


And on topic: We need bigger blocks, go go go. Lets try 2mb and see if the world ends eh?
sr. member
Activity: 392
Merit: 250
And how does the world economy diving into the shitter have anything to do with not adding a tad extra capacity for our  superior alternative right when it matters?

I guess they'll get around to it. But unless they're built differently than most humans, they'll do it based on a bias (and it's one that they've incorporated). Isn't the conflict of interest issue here just as important to unpack?

Maybe when you stop being a childish shill we'll talk about it, hmmm?

Not tonight, dear.
sr. member
Activity: 392
Merit: 250
And how does the world economy diving into the shitter have anything to do with not adding a tad extra capacity for our  superior alternative right when it matters?
legendary
Activity: 1260
Merit: 1116
I guess we all know how you voted.   Roll Eyes

Deflect and distract with your silly false dichotomies all you wish.  You only embarrass yourself more (not that you have any honor or esteem left to lose).

The economic crisis is obviously not over and Gavin obviously looks like a retard for saying it was.

I'm not surprised you studiously avoid those glaring facts.

XT/BU lost.  And Bitcoin Ultra is here to heal the rift caused by you Gavinista assclowns.   Smiley

How's the food in the GCHQ basement?  I hope it's fekkin' awful.   Kiss

Look, Eisenstein! He was obviously referring to a specifc financial crisis. Not the on-going struggle against statists that you ZH lot are on about.









@CConvert2G36 Blockstream reserves the right to discuss, alter its conflict of interest policy.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
I guess we all know how you voted.   Roll Eyes

Deflect and distract with your silly false dichotomies all you wish.  You only embarrass yourself more (not that you have any honor or esteem left to lose).

The economic crisis is obviously not over and Gavin obviously looks like a retard for saying it was.

I'm not surprised you studiously avoid those glaring facts.

XT/BU lost.  And Bitcoin Ultra is here to heal the rift caused by you Gavinista assclowns.   Smiley

How's the food in the GCHQ basement?  I hope it's fekkin' awful.   Kiss
legendary
Activity: 1260
Merit: 1116
sr. member
Activity: 392
Merit: 250
If you bratty children could STFU and stop asking Are We There Yet, that would be great.

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legendary
Activity: 1260
Merit: 1116
I guess we all know how you voted.   Roll Eyes
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.

Are you talking about BIP000?  If so, I disagee the 'don't fix what isn't broken' proposal is a "similarly bad one."

And we've already seen how 101 shook out, IE completely failed at everything except crashing the price for a few months.

https://bitcoin.org/en/bitcoin-core/capacity-increases-faq  Smiley



Dear (Cconvert2G36),

We at Blockstream are commited to offering you our continued commitment to Core.

Should you have any questions or concerns regarding the Core Capacity Increace FAQ, please feel free to discuss them with one of our customer care client services specialists.

Thank you for supporting BlockstreamTM.

It sure is easier to make sophomoric digs at a private company than defend Gavin's indefensible "economic crisis is over" conclusion/prediction, isn't it?

Your Gavin-like Debby Denial economic illiteracy is duly noted.   Wink



Core is making great progress with RBF, segwit, etc.

If you bratty children could STFU and stop asking Are We There Yet, that would be great.
legendary
Activity: 1260
Merit: 1116

Are you talking about BIP000?  If so, I disagee the 'don't fix what isn't broken' proposal is a "similarly bad one."

And we've already seen how 101 shook out, IE completely failed at everything except crashing the price for a few months.

https://bitcoin.org/en/bitcoin-core/capacity-increases-faq  Smiley



Dear (Cconvert2G36),

We at Blockstream are commited to offering you our continued commitment to Core.

Should you have any questions or concerns regarding the Core Capacity Increase FAQ, please feel free to discuss them with one of our customer care client services specialists.

Thank you for supporting BlockstreamTM.

sr. member
Activity: 392
Merit: 250

Are you talking about BIP000?  If so, I disagee the 'don't fix what isn't broken' proposal is a "similarly bad one."

And we've already seen how 101 shook out, IE completely failed at everything except crashing the price for a few months.

https://bitcoin.org/en/bitcoin-core/capacity-increases-faq  Smiley

legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
Give him a break, lots of people thought things were slowly getting better.
He didn't tell everyone to buy bank stocks did he now?

I honestly don't know what the global economy is doing, there is so much noise and confusion. We will know when its done.

I won't "give him a break" because the civil war Gavin intentionally instigated turned into a distraction that set Bitcoin development back at least 6 months.

Stupid, gullible, clueless, borderline brain dead, very-low-information people "thought things were slowly getting better."  Those of us with IQs over 80 knew better.

Since you still haven been hit hard enough with the clue stick to realize the 2008 crisis never ended, I presume that excludes present company.

Message repeats:

If you guys don't read zerohedge, now is a good time to start.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
Cry  It's at least slightly horrible how some of you resorted to immediately attacking Gavin's character and motives, then "sensorships"   Cry

[whining intensifies]


I'm attacking Gavin's ridiculous "The Financial Crisis Is Over" premise and his ridiculous 'broadband rollout coming Because NFLX' conclusion.

It's not "horrible" to explore the most likely reasons for that perfect shitstorm of demonstrated economic illiteracy and technical incompetence.

You know I'm not lock step with BIP101, never have been, but to meet a bad proposal with a similarly bad one on the other end of the spectrum isn't fantastic either.

And as you've stated before, this is the crucible of internet nerd drama, we shall see how it all shakes out. 

Are you talking about BIP000?  If so, I disagee the 'don't fix what isn't broken' proposal is a "similarly bad one."

And we've already seen how 101 shook out, IE completely failed at everything except crashing the price for a few months.
hero member
Activity: 815
Merit: 1000
Give him a break, lots of people thought things were slowly getting better.
He didn't tell everyone to buy bank stocks did he now?

I honestly don't know what the global economy is doing, there is so much noise and confusion. We will know when its done.
sr. member
Activity: 392
Merit: 250
Cry  It's at least slightly horrible how some of you resorted to immediately attacking Gavin's character and motives, then "sensorships"   Cry

[whining intensifies]


I'm attacking Gavin's ridiculous "The Financial Crisis Is Over" premise and his ridiculous 'broadband rollout coming Because NFLX' conclusion.

It's not "horrible" to explore the most likely reasons for that perfect shitstorm of demonstrated economic illiteracy and technical incompetence.

You know I'm not lock step with BIP101, never have been, but to meet a bad proposal with a similarly bad one on the other end of the spectrum isn't fantastic either.

And as you've stated before, this is the crucible of internet nerd drama, we shall see how it all shakes out. 
legendary
Activity: 1260
Merit: 1116


I'm attacking Gavin's ridiculous "The Financial Crisis Is Over" premise and his ridiculous 'broadband rollout coming Because NFLX' conclusion.

It's not "horrible" to explore the most likely reasons for that perfect shitstorm of demonstrated economic illiteracy and technical incompetence.

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