rpietila Wall Observer - the Quality TA Thread ;) - page 63.

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Quote from: rpietila on December 19, 2014, 07:11:41 PM

Quote from: Torque on December 19, 2014, 12:19:09 PM

This thread lost all sense of integrity/value for me when Risto started letting NotFuckchop park his relentless trolling dribble here.

NotLambChop, please do not post again.

At last this thread earns back its credibility; be aware though, (s)he has -at least- another 4 clones.

contagion

newbie

Activity: 28

Merit: 0

You should check your assumptions against the fact that the free market chose to circulate fractional gold receipts instead of the physical gold which was instead placed on deposit with private banks in the 1800s. Which in turn enabled loaning of money at levels that would not have otherwise been possible and facilitated the numerous booms and busts in the 1800s. What is easier and faster to transact, an off chain BTC transfer or an on chain Bitcoin? (in some cases on chain Bitcoin, if you don't both have the compatible off chain BTC accounts, but expect Coinbase, Paypal, etc to build off chain interconnections)

History has shown that Gresham's Law needs to be qualified by actual opportunity costs:

https://www.minneapolisfed.org/research/qr/qr1012.pdf

That seems accurate. Physical gold still circulated between private banks in the 1800s.

Note I've been predicting this outcome since March 2013 when I wrote Bitcoin : The Digital Kill Switch and I made another more explicit thread on this in April 2014 wherein I also called for the slowing adoption rate, insufficient on chain scaling, and about that time also saying the price would drop to $350 (there is a post in one of rpietila's threads with that exact prediction before the first time it happened) which it did:

https://bitcointalksearch.org/topic/bitcoin-adoption-slowing-coinbase-bitpay-is-enough-to-make-bitcoin-a-fiat-557732

contagion

newbie

Activity: 28

Merit: 0

You assume (without verifying) I have ignored them.

You write with a non-civil, ad hominem tone which is not representative of scholarly discussion, without first verifying your (what I believe to be incorrect) assumptions. Was there any ad hominem acrimony in my post?

Can't you see then why discussion turns nasty and devolves in noise.

Please try again to have a civil discussion. You can present your arguments and I will respond.

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Gresham's Law has several crucial assumptions about the role of the State in money that you have ignored to arrive at a wholly incorrect conclusion.

More reading for you before you begin spouting again I would advise.

contagion

newbie

Activity: 28

Merit: 0

Quote from: coinits on December 19, 2014, 11:29:13 AM

Until Apple stops restricting innovation and limiting what people can put on their devices, I hope that they continue to lose market share to the point of oblivion. They got caught up in their own stardom and sunk like the Titanic.

Sounds like you are describing Bitcoin too.

One block chain for everybody is a walled garden. What happened to personal choice? I happened to prefer a debased block chain, because for one of many reasons, Gresham's Law insures that debased money will drive non-debased money out-of-circulation. And can't we see that is happening now with off chain Paypal and Coinbase bringing the masses into the Bitcoin unit. Won't be too long after they can start loaning fractional reserve units of BTC traded off chain. People will love that.

Only One Way never scales. Never. TCP/IP isn't the only protocol on the internet. There is no monopoly protocol on the internet. Not even HTTP is unassailable. There is a distinction between this reality and paradigms which do not self-optimize.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: BlindMayorBitcorn on December 19, 2014, 08:55:26 PM

Quote from: rpietila on December 19, 2014, 07:11:41 PM

Quote from: Torque on December 19, 2014, 12:19:09 PM

This thread lost all sense of integrity/value for me when Risto started letting NotFuckchop park his relentless trolling dribble here.

NotLambChop, please do not post again.

This thread lost all sense of integrity/value for me when Risto started hamming it up as lord of the manor in the altcoins section

Yeah, it is definitely despicable, if not borderline criminal, to do anything at all to develop the services using cryptocoins. The only allowable activity is mouthblathering, right? Please do not post again.

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Quote from: rpietila on December 19, 2014, 07:11:41 PM

Quote from: Torque on December 19, 2014, 12:19:09 PM

This thread lost all sense of integrity/value for me when Risto started letting NotFuckchop park his relentless trolling dribble here.

NotLambChop, please do not post again.

This thread lost all sense of integrity/value for me when Risto started hamming it up as lord of the manor in the altcoins section

fewcoins

full member

Activity: 126

Merit: 100

Quote from: rpietila on December 19, 2014, 07:52:47 AM

Quote from: smooth on December 19, 2014, 04:58:51 AM

Nobody seems to want to explain why transactions is growing too.

Ah, as was the case already with the tx growth in 2012, and further in 2013, don't you know it's all FAKE! It was fake then, and it is increasingly more fake now, and in 2015 it will be even more fake. That is the only likely and true explanation, and the only conclusion is to go short on BTC now. Roll Eyes

I mean did you think about mixers and all the other technology that literally just makes more btc wallets at the push of a button???

I used to use one wallet... now I use a different one everyday... everytime I send funds into the exchange I get a different wallet address from them too.

So imagine is even 10% of people do what I do... I'm sure a bigger percentage does a lot more as well.

I'm still a buyer, at this level a pop is on the way sooner than you think!

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: Torque on December 19, 2014, 12:19:09 PM

This thread lost all sense of integrity/value for me when Risto started letting NotFuckchop park his relentless trolling dribble here.

NotLambChop, please do not post again.

Biodom

legendary

Activity: 3892

Merit: 4331

Quote from: nakaone on December 19, 2014, 01:00:28 PM

Quote from: Wandererfromthenorth on December 19, 2014, 10:58:31 AM

Very few people knew about BTC in 2011. A little bit more people knew about BTC in 2012. More people heard about BTC in 2013. By 2014, a lot more people heard about BTC since it was talked in the media more than before.
More people are progressively using BTC each year since starting with a ridiculous low amount of tech enthusiasts in 2010 or 20011.

Ignore difficulty decreasing! Ignore the fact that some miners are already underwater! Ignore price! Ignore problems with a currency using PoW!

From 0 people using BTC we went to a number a little bit higher each year!
The only conclusion? Bullish! To the moon! 10k before tomorrow!

My almost entire milieu is full of people that are studying or have finished their studies. none of them can explain you properly what bitcoin is - some have a vague idea.

they are in their mid/end 20s, excellently educated (most of them economists or mathematicians) and they live in one of the richest countries in the world. all of them are used to facebook dropbox, online banking etc. pp.

I assume that at best 1-3% of the developed world have a proper understanding of this stuff.

Do you have a proper understanding of how iphone works? or TV? Most people don't , but they know enough to use these devices.
Same for bitcoin. try breadwallet on your phone and see how difficult it is (hint: not difficult at all).

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Quote from: AlexGR on December 19, 2014, 11:21:56 AM

What's happening is not by accident... The price pressure, the timing of the auctions, articles like "is bitcoin done?" etc are co-ordinated.

TPTB want to highlight in every financial and mainstream media the message that "the worst investment of 2014 = bitcoin". Just count the number of articles with that theme in the next couple of weeks.

yep, the on-song trolls started with 'the message' a few weeks back.

nakaone

hero member

Activity: 742

Merit: 500

Quote from: Wandererfromthenorth on December 19, 2014, 10:58:31 AM

Very few people knew about BTC in 2011. A little bit more people knew about BTC in 2012. More people heard about BTC in 2013. By 2014, a lot more people heard about BTC since it was talked in the media more than before.
More people are progressively using BTC each year since starting with a ridiculous low amount of tech enthusiasts in 2010 or 20011.

Ignore difficulty decreasing! Ignore the fact that some miners are already underwater! Ignore price! Ignore problems with a currency using PoW!

From 0 people using BTC we went to a number a little bit higher each year!
The only conclusion? Bullish! To the moon! 10k before tomorrow!

My almost entire milieu is full of people that are studying or have finished their studies. none of them can explain you properly what bitcoin is - some have a vague idea.

they are in their mid/end 20s, excellently educated (most of them economists or mathematicians) and they live in one of the richest countries in the world. all of them are used to facebook dropbox, online banking etc. pp.

I assume that at best 1-3% of the developed world have a proper understanding of this stuff.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: Torque on December 19, 2014, 12:19:09 PM

This thread lost all sense of integrity/value for me when Risto started letting NotFuckchop park his relentless trolling dribble here.

Thanks for sharing, tho.

Torque

legendary

Activity: 3780

Merit: 5429

This thread lost all sense of integrity/value for me when Risto started letting NotFuckchop park his relentless trolling dribble here.

NotLambchop

sr. member

Activity: 378

Merit: 254

^Look at the chart. Apple is doing fine, they need to do nothing. Bitcoin, OTOH...

coinits

legendary

Activity: 1582

Merit: 1019

011110000110110101110010

Quote from: NotLambchop on December 19, 2014, 11:36:36 AM

Quote from: coinits on December 19, 2014, 11:29:13 AM

...[Apple] got caught up in their own stardom and sunk like the Titanic.

AAPL & BTC.
*I'm not laughing... really...

They need to address what I said. They need more transparency, and give people complete control over their devices. Also being an NSA spy device does not help them either. Address those 3 things and they will regain a lot of market share. Their stock is not worth $20 per share in my opinion. It is a sinking ship.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: coinits on December 19, 2014, 11:29:13 AM

...[Apple] got caught up in their own stardom and sunk like the Titanic.

AAPL & BTC.
*I'm not laughing... really...

coinits

legendary

Activity: 1582

Merit: 1019

011110000110110101110010

Quote from: contagion on December 18, 2014, 04:11:26 AM

Quote from: aminorex on December 17, 2014, 08:56:23 PM

Quote from: smooth on December 16, 2014, 11:17:05 PM

I'd look to transaction count relative to number of addresses. While it is possible they could move in tandem due to independent factors, it is somewhat unlikely. So far it looks like both point to increased usage, and anecdotal factors (bitpay/coinbase signups) seem to support that. The rate of growth is modest though, in line with historical trends rather than accelerating.

The network value factor lends the price attractor its parabolic progress during linear network expansion. Anything which is not a decline in adoption rate is massively bullish in the long run. Just a matter of time.

May I kindly suggest Nokia (Symbian) and Apple (iOS) didn't prove that installed base network effects in 2008 were unassailable. Android was a paradigm shift. The smartphone market battle is over given Android is approaching 80% market share and a billion users. The crypto-currency market battle has only just begun. It appears possible the same category of weakness may exist for Bitcoin et al, as did for iOS and Symbian; they may not be optimally open ecosystems thus scale less than optimally. I can't state this with certainty, but it is something worth pondering.

Until Apple stops restricting innovation and limiting what people can put on their devices, I hope that they continue to lose market share to the point of oblivion. They got caught up in their own stardom and sunk like the Titanic.

AlexGR

legendary

Activity: 1708

Merit: 1049

What's happening is not by accident... The price pressure, the timing of the auctions, articles like "is bitcoin done?" etc are co-ordinated.

TPTB want to highlight in every financial and mainstream media the message that "the worst investment of 2014 = bitcoin". Just count the number of articles with that theme in the next couple of weeks.

Wandererfromthenorth

hero member

Activity: 742

Merit: 500

Very few people knew about BTC in 2011. A little bit more people knew about BTC in 2012. More people heard about BTC in 2013. By 2014, a lot more people heard about BTC since it was talked in the media more than before.
More people are progressively using BTC each year since starting with a ridiculous low amount of tech enthusiasts in 2010 or 20011.

Ignore difficulty decreasing! Ignore the fact that some miners are already underwater! Ignore price! Ignore problems with a currency using PoW!

From 0 people using BTC we went to a number a little bit higher each year!
The only conclusion? Bullish! To the moon! 10k before tomorrow!

Topic: rpietila Wall Observer - the Quality TA Thread ;) - page 63. (Read 907248 times)