So after two years, this thread is now somewhat resolved.
Topic: Nagle (Read 12721 times)
"Nagle's algorithm, named after John Nagle, is a means of improving the efficiency of TCP/IP networks by reducing the number of packets that need to be sent over the network."
I think he improved himself to the point where he does not need to send any posts over the network anymore; his message lives on!
I think he improved himself to the point where he does not need to send any posts over the network anymore; his message lives on!
I saw Nagle posting the other day, so he's around.
I PMed him asking about the endgame, but he never replied.Why Nagle, why.
Are you long yet? You are suspiciously quiet.
BTC/USD, last 5 months, with 30 day trailing moving average.
I've been saying "long, slow slide" for months.
It's still not clear what the endgame is. It hardly matters at this point, though. As I point out occasionally, if one business the size of a typical single supermarket used Bitcoins, liquidating their daily receipts would crash the market. Bitcoin is now too dinky to be used as a currency.
Haha, I get it, Bitcoincharts kept updating the image. How do you guys not see the history and the cycle? It happens every single effing month. The price crashes by ~20 to 50%, people panic and say Btcoin is dead, It stays down for about a week then the price rises, and people all say that this is the turning point. Eventually the price falls in line with the same straight (log) line of slow decline that it has been on since the middle of the summer and everyone declares that Bitcoin has stabilized. Then it happens again. It happened first in June, it happened in July, it happened in August, it happened in September, it happened in October, and now it's happening in November yet everyone is surprised every month.
Right. BTC/USD, last 5 months, with 30 day trailing moving average.
I've been saying "long, slow slide" for months.
It's still not clear what the endgame is. It hardly matters at this point, though. As I point out occasionally, if one business the size of a typical single supermarket used Bitcoins, liquidating their daily receipts would crash the market. Bitcoin is now too dinky to be used as a currency.
Now this post looks really silly
Oh look, this thread again.
2y anniversary coming right up. 
The thing that I'm beginning to realize is, there may already be so much emotional and financial investment in Bitcoin that it's at a network effect/brand awareness tipping point so that even if there is a competitor that is technically superior, it may not substract from its value. MP3 for example is inferior to other compression algorithms, yet it's still what pretty much everyone uses because everyone uses it. And, if Bitcoin is to be displaced, it can take a long time to push it off its throne.
I'm only a little disappointed so far in that I only see work in the intermediaries (coinbase), nothing really revolutionary like Silk Road. Something that makes use of its properties that conventional currency cannot provide. While enforced monetary scarcity is the main thing going for Bitcoin, I would like to see more "killer apps" providing an underlying value in order to distinguish it more clearly from xyz scamcoins.
Sure, being able to buy gift cards for Burger King with Bitcoins in the US is nice. But let's not kid ourselves, it's only convenient if you already posess Bitcoins and happen to run out of USD. An unlikely scenario.
I'm only a little disappointed so far in that I only see work in the intermediaries (coinbase), nothing really revolutionary like Silk Road. Something that makes use of its properties that conventional currency cannot provide. While enforced monetary scarcity is the main thing going for Bitcoin, I would like to see more "killer apps" providing an underlying value in order to distinguish it more clearly from xyz scamcoins.
Sure, being able to buy gift cards for Burger King with Bitcoins in the US is nice. But let's not kid ourselves, it's only convenient if you already posess Bitcoins and happen to run out of USD. An unlikely scenario.
its more than emotional. its logical. that's the beauty of the mathematics.
yes, everyone involved in Bitcoin has a vested interest in maintaining the system. that's a strong feature. if any altchain arises that depends on hashing and threatens Bitcoin, i guarantee you'll see guys like BitcoinExpress attack them. what its gonna take is some system way different than cryptocurrency to displace Bitcoin.
i'm never sure what ppl mean when they say killer apps. personally, this thing with Gyft card is huge. we now have an instant conversion mechanism right on our Androids which allows one to preserve the value of their money right up to the point of buying something for fiat. this is almost as good as a Bitcoin credit card just b/c its in digitized form. once we get a fully functional cc for Android and iPhone its to the moon.
just posted this thought on wallobserver thread and it kind of suited to your comment in the longterm sense.(you have to feed your dreams being in this game)
I'm not sure if amazon hops onto the train.
they already sell amazoncoins (http://www.amazon.com/gp/feature.html?ie=UTF8&docId=1001166401)
but perhaps that's just their strategy to get more dependendance of consumers .
i also read somewhere about future Applecoin for itunes.
this reaction to the whole coin-idea is just logical natural adaption in favor of big companies.
they still want to have advantages for gain in profit, it's like interest-free credit for them.
one possible integration of btc is perhaps someday you can trade it for the different coins of the big companies.
this would mean mass adoption and btc taking the role of a goldstandard for individual virtual currencies.
that is just one very bullish prediction for things to come
there are plenty of others
...interesting times we live in...
they already sell amazoncoins (http://www.amazon.com/gp/feature.html?ie=UTF8&docId=1001166401)
but perhaps that's just their strategy to get more dependendance of consumers .
i also read somewhere about future Applecoin for itunes.
this reaction to the whole coin-idea is just logical natural adaption in favor of big companies.
they still want to have advantages for gain in profit, it's like interest-free credit for them.
one possible integration of btc is perhaps someday you can trade it for the different coins of the big companies.
this would mean mass adoption and btc taking the role of a goldstandard for individual virtual currencies.
that is just one very bullish prediction for things to come
there are plenty of others
...interesting times we live in...
the guy is dead and buried.
give it a rest.
give it a rest.
Meh; IMO this thread serves splendidly in making an archetypal example of the original unjustified doomsayer.
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