Topic: rpietila Altcoin Observer - page 44. (Read 387491 times)

How much more obvious could it be that Bitcoin was planted in media to drive awareness of digital fiat currency, yet to see Bitcoin as unsafe and needing a government solution:

https://bitcointalksearch.org/topic/m.8684511



bwahaha.

You've confirmed you are a card carrying "socialist, tree hugging malthusian" dolt.


When you don't have any, the salient point flies over your head. It obviously wouldn't help you even if I clarified further.


How cute (and anti-utilitarian vain). Did you buy a license plate with your name on it too?

Your Knowledge will not protect you from a club hitting your head.
Also it won't feed you.

Sure, if you have knowledge, maybe you are wise enough not to go to a rough neighbourhood, but brigands can still reach your home. You aren't safe.
Sure, if you have knowledge, maybe you can use it to garher food or get paid and use that money to buy food. But in-itself it isn't edible.

You are spreading nonsense.

Thanks, gentlemen.  That's helpful info.  Definitely not interested in fighting the tape or breaking my teeth!

For what it's worth, I agree about distractions.  I, too, want to buy and stack.  I'm not trying to buy and sell to a greater fool, sell short, or anything along those lines.

I don't own any BBR right now, but I was patiently considering a buy (as you said, a hedge to XMR) before the run up.

Back to waiting mode.

It doesn't matter that solar is 0.1% of installed capacity. Their push for solar started only a few years ago, and they have 5 more years to reach their stated goal of 100 GW by 2020.

http://about.bnef.com/press-releases/chinas-12gw-solar-market-outstripped-all-expectations-in-2013/

They're now targeting another 14 GW by end of this year, or 50% of all installed solar capacity in the world. More recent quote from today/yesterday:

http://blogs.barrons.com/asiastocks/2014/09/04/china-solar-2h-should-be-strong-says-jpmorgan/

It's ok to admit you're wrong, and you don't even have to call people socialist, tree hugging malthusians when you do, just fyi.

I agree with decentralization and scaling concerns re BitCoin. "Decentralised transaction coins" strike me as similar to the ideal system proposed in the Money as Debt films..  Open Transactions aims to provide a fast platform for something like this.

That their top-down organization requires it doesn't make it any less of a debacle.

China will be the center of the mainstream financial world according to Armstrong's model.

My model is that represents the dying mainstream NWO which will drag down hordes with it. Or the combination of both including what I write below.

I think there will be an alternative economy of crypto-currency and a fledging Knowledge Age.

I refuse to fall into the abyss of China's top-down model.

I see their top-down model might be cracking, e.g. manufacturers can sell direct to me via aliexpress.com, dhgate.com, etc.. Amazons of the east are rising.

"Decentralized transaction coins..."

IMF SDRs.
For when too big to fail, fails.
Then they get it all, the one world fiat.

Sorry if I wasn't clear.  It's not about generating power.  It's about keeping your head, literally, on your shoulders.

It started as a play on European subsidies.  When those were lost, it morphed into a pure political theatre.  Wind is not such a money sink.  Nuclear can actually produce useful power.  But they need every last drop of employment, and they need a greenwash.  Solar provides those.  Most importantly the last.

Sorry to do this to you, but you didn't check your facts:

http://en.wikipedia.org/wiki/Electricity_sector_in_China#Recent_history

Total installed capacity in 2013 was 1247 GW.

Solar power capacity was 18 GW.

Again I repeat, China's Solar Debacle.

I believe it is very likely indicative of the headroom of what they can achieve. As a programmer, I don't expect more from them than duct tape and Popsicle sticks (more or less, they might get lucky to stumble onto some feature but not enough holistically to bring about the revolution I want).




Clarity is essential.

Hopefully soon you will have it.

If you are trying to force it prematurely, that is an error.

It is a calculated and intentional economic inefficiency, which is deemed worth the cost, in order that the CCP plenum may avoid getting their heads lopped by people with nothing to lose because all of their progeny died of autoimmune reaction to inhaling coal ash.
The poly solar business will die, but only when a sufficient amount of economically productive, greener generation cap is available to provide an reasonable level of insurance against such an outcome, or the reins of power are seized by a new dynasty with post-urban social engineering agenda.

The revolution begins with a spark and rallying cry such as Paul Revere's famous call-to-action.

You've just made such a statement. Risto has a lot of pull if he chooses to use.

Btw, I am not bearish on Bitcoin as a speculation. That is not what I am talking about about. Bitcoin is a place for large capital to sit. I am talking about fledging sparks, e.g. Monero (but not only that one).

My take:  Risk is poison.  BBR is controlled by a lone anonymous actor, possibly Andrey Sabelnikov, probably a member of the team that produced the bytecoin scam.  In contrast, the XMR team includes several well-known persons, some of whom identify by legal names openly.  BBR just has a lot more risk baked in.  The market priced the caps at a 32:1 ratio as a result (and ended up oversold due to momentum).  This made hedging XMR with BBR cheap.  That, and CZ's well-deserved reputation for development, kept attention on BBR.  (Also the bytecoin gang's sockpuppet theatre raging against XMR kept using it as a foil, which drew attention.)  SuperNET was all it needed to pump.  Regardless of James' intentions he certainly seems to be surrounded by a cloud of PnDers.  Now the hedge is no longer attractive, and only momentum and the pump keep price flying here.

I won't comment on how to short SuperNET.  Look at its components.  I have a lot of skepticism of SuperNET myself, but it's based on circumstantial factors rather than substantive ones.  I find it difficult to locate the substance.  Something about the copy always makes my mind rebel if I try to read it.  It's like trying to look into your foveal blind spot.  I probably have too much training in "legacy" finance to understand it properly.  I'm too old, and I'll die soon, so that innovators can sail smoothly over the rainbow to crypto-valhalla without my trollish philistinism to harsh their mellow.

To short BBR, you need to find someone who will loan it to you.  The interest rate will probably be exhorbitant.  When I shorted I did fairly well but paid out a large chunk as interest.  My short performance was degrading rapidly at the end, which means I was taking increasing risk, so I lost interest.  Also I think I was making volatility worse, rather than better, at the end, which is bad for BBR, so I knew it was time to stop.  Good mean-reversion strategy performance should result in lower volatility in the underlying.  If it is doing the opposite, you're doing it wrong - or you're trading momentum.  I may do again, but not until I have more clarity on the fundamental and technical situation in BBR - which may never happen since it is just not very interesting to me. I want to buy future reserve currency, stack it high, and hold it long.  Anything else is just a distraction.
 

I am hearing what you are saying, completely agree. If you are not guarding your independence as a human with extreme paranoid caution, then you are almost certainly already a pawn.

You are fooled as any good socialist, tree hugger Malthusian would be.

https://www.google.com/search?q=china's+solar+debacle

In one word, subsidies.

In more words, tax incentives and subsidies.

You make insulting accusations while all the evidence points to it is happening at an accelerated pace.

Of course the powers-that-be ratchet the changes gradually and in a myriad of misdirections so that you are fooled from seeing the Big Picture of how it is all coming together.

    First they came for the Socialists, and I did not speak out—
    Because I was not a Socialist.

    Then they came for the Trade Unionists, and I did not speak out—
    Because I was not a Trade Unionist.

    Then they came for the Jews, and I did not speak out—
    Because I was not a Jew.

    Then they came for me—and there was no one left to speak for me.



Down into centralized control over Bitcoin. The fixed money supply is a huge problem, because once it is tied up, then it is controlled. Mining is already controlled by the government since they can regulate Ghash.io (legislatively or executive powers) when they are ready (or serve them a national security gag order to be more expedient and obscured).


You perfectly fit the role that was assigned to you by the powers-that-be (meaning your mind is enslaved):

---

You are arguing for my point not against.


Hahaha you think people love to be open in business and personal life.

What planet do you hail from?


Anonymity doesn't require that.

So far the Westerners would not yet agree to give up the financial privacy of being able to sign up a bank account where ever they wish, even in jurisdictions that have bank secrecy, e.g. the Philippines where I am and also apparently Ecuador. They are boiling frogs and don't realize what is going to hit them post 2015.75.

So the powers-that-be have numerous strategies for how they are breaking down that resistance in order to bring us to total government control:

1. Plant Bitcoin to condition the people to like "digital currencies", garnish the glossy-eyed devotion of the high-tech libertarians, and to give governments an excuse to make it illegal and create draconian replacements in their jurisdictions.

2. 19 muslims on camels, 9/11, Patriot Act, then FATCA.

3. Bring bank accounts of interest in bank secrecy jurisdictions into the risk mgmt department, and have them send out an SMS with all transaction details on every transaction asking if this was an authorized tx (I know anecdotally for a fact this happening).

4. Pile up the debt so high, repeal Glass-Steagal so banks can bankrupt themselves on speculation, so then the only solution is to 'restructure' (bailin, nationalize, confiscate by any other name) society's savings and pensions. This will require numbered accounts for each person in order to dole out "daily living allowances".

Etc..



The only hope is distribution as a currency to the developing world has to begin pronto. Bitcoin isn't even close because it is centralization and rich boys investment pump paradigm (where the participants are deluded into think it is a currency paradigm).

I will not repeat again my past posts which reveal some ideas for solutions because I am losing time.

BBR was in a downtrend for so long it became far too undervalued relative to its twin XMR, and the market ran out of cheap berries.

The Supernet hype reversed that trend with a vengeance, although the steady release of improvements (miners, price chart in wallet, etc.) played a role as well.

Another factor was an uptick in XMR prices, to which BBR offers leverage as silver does to gold.

Go ahead and short BBR, you could possibly make some money in the short term.  But many of us are accumulating, and you might get your teeth broken instead.   

Decentralization and scaling are key points.

My opinion is the future hangs on what the hackers can create and or the whales can seed fund. The middle class is dependent on our success or failure. Once you put the tools out there, the middle class and get involved in finding a myriad of uses for them. There are 1000s of really great programmers who are no where near the altcoin scene. I suppose because it such a crapshoot. It is too new and crypto is outside the domain knowledge of most programmers (including myself a year ago, I had to learn fast but at least I have some math background to draw on).

There are not nurturing venture capitalists investing in the block chain experiments, e.g. Idealab. As far as I know with the exception of Ethereum, the venture capital is pouring into Bitcoin related startups only.

My only plea to all readers is recognize (or disagree) that Bitcoin is not going to set us free as we had hoped. So please remain open minded. And hope some hackers are willing to risk everything (such as myself receiving no income for years and surviving on the fumes remnants of my past savings).

I think I am aware of what all other capable developers are doing in the altcoin scene. I have commented already on all of them in this thread except eMunie. I haven't looked at eMunie in a long-time, but when I was evaluating the Decrits proposed design last year I briefly looked at the vague specification of eMunie and I am fairly certain is going no where fast. Sorry to eMunie fans, that is my technical opinion. If you want details you can do Google search on "site:bitcointalk.org AnonyMint eMunie". Essentially PoS delegation strategies devolve to reputation, centralization, and fiat.