Gold collapsing. Bitcoin UP.

cypherdoc

Well-Known Member
Aug 26, 2015
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[doublepost=1467035301][/doublepost]

[doublepost=1467035428][/doublepost]

[doublepost=1467035472][/doublepost]Tiffany's at multi year lows:


[doublepost=1467035765,1467035155][/doublepost]20y weekly of Nordstrom's. don't tell me we haven't hit an inflection pt starting back at it's peak in 3/15 and the Spring when i identified the Dow Theory non confirmation:

 

cypherdoc

Well-Known Member
Aug 26, 2015
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i'm sorry. Nordstrom's breaking to new lows. i hope @Melbustus held onto his short:


[doublepost=1467043422,1467042797][/doublepost]great article by Roger Ver. i applaud him. and he is so right on this:

but it is totally irresponsible to have a loud and vociferous opinion on this subject while remaining in this state of ignorance.

https://news.bitcoin.com/bitcoin-block-space-starbucks-coffee/

but he forgot to mention that kore dev tacitly supports censorship, personal attacks, extortion (esp since the public allegations against me have been now withdrawn), false attibution (gmax and github), excommunication (Gavin, Mike, Jeff), secrecy (hiding in private IRC with their own brand of censorship), ddos, etc.

otherwise, very well written. and i'm glad to see someone of his caliber and status stepping up to fight this artificial centrally based cap/limit. kore dev; get the fuck out.
[doublepost=1467044148][/doublepost]https://forum.bitcoin.com/post25313.html#p25313
 

cypherdoc

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Aug 26, 2015
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molecular

Active Member
Aug 31, 2015
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I had this transcribed

The Free Thought Project - Ken O’Keefe

If there was one physical subject, one material subject that we should focus on in my opinion, it is very clear that the head of the snake is the financial system. We can argue till the end of time about who runs the world…Is it the Jesuits? Is it the Reptilians? Is it the Illuminati? Is it the Freemasons? We can go on, and on, and on, and on about this, but I don’t think it is reasonable to even begin arguing about the mechanism that is used to exert this control. The mechanism is finance. The whole point of finance is to indebt; otherwise to enslave.

What is a mortgage? I mean what does that stand for? It’s called…it’s a death grip. So when you get a mortgage, you have a death grip held over you, because you are in debt. You don’t even own the house. The bank owns the house that loaned you the money to buy the house, unless you are fortunate enough to have all the money to buy it outright. And even then, you can be taxed by the government, and if you fail to keep up with those taxes, the government can then take it from you.

The whole system is based on a financial fraud, which effectively takes the power that we have, and it gives it to a tiny group of individuals who are running the world through the control of finance, with the infinite supply of money that we have allowed them to take. They have literally an infinite supply of money, and with that money, and from their psychopathic point of view, they have bought everything and everyone who can be bought.

So those of us who cannot be bought, because we operate on a level that goes way beyond the material, we are not rewarded for such behaviour; we are punished for such behaviour. And the most slovenly, disgustingly, criminal, paedophilia, you know…corrupt moral individuals, those are the ones that are rewarded in this system which is upside down…we reward the paedophiles, we reward the corrupt, we reward the liars, we reward the people with no morals at all, and usually we compromise them under this system in terms of…maybe a video tape; maybe Barack Obama is gay, maybe we have video tape of him having sex with another man, or perhaps some other acts that may be not be so popular amongst many of the electorate. Or maybe we have videos of political leaders having sex with little boys or little girls.

If I was in charge of the world, and I was a psychopath and completely drunk on my own power, you can bet damn sure that’s what I would do. I wouldn’t allow anyone in a position of power who wasn’t completely compromised. When you have an infinite supply of money, you can do this. Take that supply of money away…take that power back, put it in the hands of the people, get rid of the fractional reserve banking which is obscenity in itself, listen to the lessons of Jesus Christ if you are a Christian, who got really pissed off when He went to the temple and He saw what the money changers were doing…Let’s take back control of the issuance of money, and not just on a national level…I am happy to see in Denmark that you have your own currency; you don’t have the Euro, but on every country’s level, they should be issuing their own currency in a transparent none usury based way, in which it really truly benefits the people. And in that way, we can literally free ourselves of the banking debt which is drowning us all, and we can stop scrambling for the crumbs from the table of these filthy rich psychopaths, and live in a state of abundance, just by changing this one thing.

And I am not just talking about abundance for western nations, who have an artificially inflated value with their currencies...we all in the west are guilty of having that reward, while the rest of the world is sucking on it. Every nation in the world can use a sensible financial policy to liberate themselves to have world class education, infrastructure…everything that a healthy society would require, can be had in the worst, most corrupt African country, in any part of the world…we can all have that, if we simply change that one thing. John F. Kennedy did that…About six months before he was taken out, he issued United States notes as opposed to Federal Reserve notes. I can assure you the powers that be knew the power of that act, and they took him right out.

So the bottom line is, if we as people understand this very simple principle…just this one thing; change this one thing, we can solve every other problem you can name. I don’t care what the problem is, I can bring it back to the financial system, and an infinite amount of money for a bunch of psychopaths who are running the world, as opposed to an abundant supply of money for all of us. So in that sense I am very optimistic. This is not rocket science; I am not the smartest guy in the room. We can all understand this, and as soon as we do, we can exercise the same power that we had, but relinquished, and we can have a future for ourselves and our children. There’s a lot to be optimistic about quite frankly.
 

cypherdoc

Well-Known Member
Aug 26, 2015
5,257
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@molecular

while he is a bit too incendiary for my tastes, i agree with the essence of what he is saying. which is why i constantly emphasize the sound money aspects of Bitcoin so much and the importance of letting the free mkt of users and miners determine the equilibrium blocksize limit w/o a formal cap. and i believe this is true:

So the bottom line is, if we as people understand this very simple principle…just this one thing; change this one thing, we can solve every other problem you can name. I don’t care what the problem is, I can bring it back to the financial system, and an infinite amount of money for a bunch of psychopaths who are running the world, as opposed to an abundant supply of money for all of us.
[doublepost=1467048303][/doublepost]have you ever wondered what happened to the Chicago Mafia? simply listen to the average NYSE floor trader or Chicago Commodity exchange trader and you'll realize where they went. easier to make money the white collar way.
[doublepost=1467049118,1467048036][/doublepost]sigh, this is one of those charts i'm disappointed to be right about: the swirling black hole of gvt debt and deflation that all of us seem to crave to our own detriment. hear that sucking sound? i'm not sure when it ever ends:


[doublepost=1467049253][/doublepost]and it's paired brother. BORROW (enslave yourself) darn you!:

 

freetrader

Moderator
Staff member
Dec 16, 2015
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Copy of the deleted HaoBTC post, courtesy of http://cachedview.com/ :

---

A Call For Core Developers to Clarify Their Stance on 2MB Hard Fork

After having received some feedback, we would like to take some time to explain the intent of the piece:

  1. We do not intend to use this to criticise the Core devs - on the contrary, we admire the professionalism and foresight they have demonstrated and are pleased to see the progress that they have made — CSV and Segregate Witness, etc.
  2. There is no fundamental differences between our visions regarding the future of Bitcoin. There is, however, confusion regarding some implementation-level details.

Before we dive into it, please be reminded that this piece of writing is an effort to improve understanding and engage in discourse in an open, candid and transparent fashion.

This is no veiled threat, neither is it moral grandstanding.

Use of inflammatory language, argumentum ad passions, FUD, or downright character assassination will be out of the question, as they will only be counterproductive to the aforementioned purpose.

We will try to stick to basic facts that are clear and least controversial thus hopefully steer clear speculation as to one’s motives. If you take issue with the veracity of what we believe are facts, we are happy to discuss.

With the tone of this piece thus having established, let’s start with a brief recap of the events that eventually led to this:

In December last year, amid the heat and noise of the blocksize debate, representatives from both the Bitcoin Core developer community and the industry at large, including some executives of BTC companies and some large miners (the majority of whom, by coincidence, are geographically based in China) met in Hong Kong at the Scaling Bitcoin Workshop and subsequently, the first Bitcoin Roundtable conference. At the second of the two events, on Feb 21 this year, an agreement was reached and signed by the attendees including both Core developers and industry insiders — this document, published online, came to be known as the Hong Kong Consensus.

The reaching of such an agreement is a significant event and is widely perceived a positive development, especially given a new round of skepticism and criticism set off by the rage quit of former Bitcoin developer Mike Hearn. Now with the Consensus signed, criticisms, such as Bitcoin has a fundamental and irremediable governance issue and that the Bitcoin community is at a civil war with itself with two camps dueling each other to death, were put at bay, at least temporarily. One may even argue that it serves to rekindle hope by showing Bitcoiners that in a time of crisis, the community are willing to discard their differences, and make compromises when greater good is at stake.

In this Consensus document, one part stands out:

We will continue to work with the entire Bitcoin protocol development community to develop, in public, a safe hard-fork based on the improvements in SegWit. The Bitcoin Core contributors present at the Bitcoin Roundtable will have an implementation of such a hard-fork available as a recommendation to Bitcoin Core within three months after the release of SegWit.

This hard-fork is expected to include features which are currently being discussed within technical communities, including an increase in the non-witness data to be around 2 MB, with the total size no more than 4 MB, and will only be adopted with broad support across the entire Bitcoin community.

Many perceive this as the outcome of the political arm wrestling between the Chinese miners and Core developers. The developers, in order to secure the support of the vast majority of hash power, strategiclly promised the miners 2mb hard fork. The miners, leveraging their hardware assets, had a chance to express their demand face to face to the developers and even had the later make a promise in written form.

There is no doubt that the 2mb hard fork is important in this document, actually if people were not serious about it, they wouldn’t have taken the trouble to assign a deadline to it:

The code for the hard-fork will therefore be available by July 2016.

Now with June approaching its end and June a few days away, there has been increasing concern whether the Core devs are ready to deliver on their promise, or any effort have been made during the past months towards this end. Some may feel compelled to ask: Were the Core devs who signed the document sincere in their promise or just squeezing the situation for all it’s worth?

Whatever the answer is, the Chinese community present at the Roundtable and signed on the Consensus saw the 2MB hard fork as a key negotiating point and something important to their interest. Today, this stance hasn’t changed.

Arguments were sometimes made that the Chinese didn’t hold up their end of the bargain — for instance, some mining pools gave users the option to mine Classic blocks — which was seen as a breach by some; however, this doesn’t negate the fact that people like HaoBTC made a strenous effort in fending off criticism from Chinese Classic supporters and Blockstream conspiracy theorists.

Diminishing the importance of mining in the Bitcoin economy, or calling the Chinese miners as whole corrupt and detrimental to decentralization is not a valid argument for its obvious falsity, not to say that it is not helping solve the issue — some of the Chinese attendees, such as HaoBTC, are heavily involved in mining, but are also run other services such as exchanges and wallets. Today, few would doubt that the Chinese bitcoiners account for a significant chunk of the economy and a legitimate constitution of the Bitcoin political system.

While we are under no illusion that the Consensus is a binding, enforceable legally enforceable document, we see it at least an authentic expression of the intensions of parties involved — If things have moved on to a point that some signatories now feel they have to reconsider or rescind their positions, it would be fair that they make public anouncement to such effect so the rest are aware of such developments and take actions accordingly. It would be disingenuous and unfair to keep others in the dark. As a signatory of the agreement, we (HaoBTC ) are interested in hearing any comments from the Core devs, especially those that signed on the document, regarding the current status of affairs.

Thanks and Best regards,

The HaoBTC Team
 
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cypherdoc

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Aug 26, 2015
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Because he needs spinal surgery?
[doublepost=1467055160][/doublepost]Or maybe because I had the audacity to mention Blockstream core in my comment?
 

freetrader

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Staff member
Dec 16, 2015
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@Bagatell: we couldn't hope for a better answer from the small-bollocks crowd. Thanks Luke-jr!

This confirms that they have no code anywhere near ready. IMO this immensely strengthens the alternatives - it wouldn't surprise me if we were to see much stronger support signals for Classic or Unlimited in the near future.
And it gives me confidence that we can put out decent hard forks way before them.

P.S. archived Luke-jr's post in case it "mutates" or "vanishes": http://archive.is/1zBL2


Photo: Self-Portrait Watching a Man About to Shoot Himself in the Foot,
by Chris Cran
 
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