All posts made by CoinCube in Bitcointalk.org's Wall Observer thread



1. Post 13009286 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_14.34h):

Quote from: r0ach on November 18, 2015, 08:31:57 PM
...
Since the Caucasian genes are recessive, this is how it turns out nearly every single time in these kinds of offspring, the child looks nothing like the white parent.  From a strict biological and natural selection point of view, the purpose of reproduction is solely to spread your genes into the future.  In the scenario above, what she has done is basically pass on her genes as non-influential junk DNA, while the African genes determined almost the entire outcome of the child where it doesn't resemble one of the parents at all.

Of course there will be tons of Marxists coming along to claim that mentioning African genes are dominant and Caucasian and Asian genes are recessive is "da raycism", because it doesn't take a genius to figure out that whatever genes compromise the recessive groups would basically be made extinct by full integration between all groups.  This infuriates the common Marxist because it blows the lid off their fake narrative where those groups of people tend to constantly push for things like conservation of variety in animal species, yet they would be pushing for the exact opposite in this case, the extinction of the recessive human groups on purpose.

As the father of 3 mixed children myself (wife is Asian and I am white) I have to call you out on this. Despite my own very recessive traits very light brown/dark blond hair and blue eyes and my wife's "dominant genes" dark black hair and dark brown eyes my genetic contribution is quite obvious. Two of my children have a brown hair as opposed to my wife's black and though all three of my children have brown eyes they are a far lighter shade of brown then that of my wife. People often ask my wife if her husband is western after seeing my children as they can tell they are mixed.

There would be no "extinction" of certain features in the case of complete mixing of the population. Recessive traits would simply get increasingly rare and only up to a point. For example, blue eyes would get rare but would not vanish completely. As they are considered by many to be attractive the reproduction advantage of having them would increase as they became increasingly rare causing blue eyes to gradually spread through the population over time.

The largest advantage of marrying someone that is not similar to you genetically is the dilution of harmful recessive genes. Mixed children have been shown receive both a height and an IQ advantage which is thought to be due to the dilution of harmful recessive genes.

http://www.dailymail.co.uk/sciencetech/article-3146070/Mixed-race-relationships-making-taller-smarter-Children-born-genetically-diverse-parents-intelligent-ancestors.html
 





2. Post 13009377 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_14.34h):

Quote from: marcus_of_augustus on November 18, 2015, 11:46:28 PM
Quote
Two of my children have a brown hair as opposed to my wife's black and though all three of my children have brown eyes they are a far lighter shade of brown then that of my wife. People often ask my wife if her husband is western after seeing my children as they can tell they are mixed.

^^ DNA testing?  Shocked

jk.

Just a real world example of Intermediate Expression and Polygenic traits.
There are many exception to simple autosomal dominant inheritance. The model of hair and eye and skin color as dominant and recessive is an oversimplification.

http://anthro.palomar.edu/mendel/mendel_3.htm





3. Post 13009867 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_14.34h):

Quote from: r0ach on November 19, 2015, 12:46:46 AM
As the father of 3 mixed children myself (wife is Asian and I am white) I have to call you out on this.

You misquoted me entirely.  I said both Caucasian and Asian genes are recessive compared to African genes.  You being white and marrying an Asian woman (wow, who would have guessed nerdy white guys obssesed with Asian women on a Bitcoin forum???) doesn't really have anything to do with what I typed.  There's plenty of half white, half asian girls that can pass for full white or full asian.  Neither group's traits completely obliterate the others making one of the participants seemingly function only as junk DNA.


You still have no idea how recessive and dominant genes work. Maybe you should do some reading. And stop being an asshole.

No, I think you have no idea how anything works, keep trying to push your cultural Marxism though, claiming everyone that walks the earth is identical little clones.  Every group is different from both physical and behavioral aspects, because that is the purpose of evolution, to create differences, not to create Marxism.  You should really go join the fiat world where your delusional view is commonplace.

Who said anything about little clones? The children of born of mixed couples are far more varied genetically than the offspring that result inbreeding small groups. Such children are about as far from little clones as you can get.

You seem to be confusing "racial purity" with genetic diversity when such purity is in fact the polar opposite of diversity. If anyone is closer to a "little clone" it is small groups wall themselves off genetically refuse to consider mates beyond their local group. Such inbreeding allows both recessive traits and recessive diseases to cluster. When this happens you will see more pure ebony Africans and more blond blue eyed Europeans  but you will also see more sickle cell anemia and more familial dysautonomia (recessive diseases of Africans and Ashkenazi Jews respectively)



4. Post 13010139 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_14.34h):

Quote from: MatTheCat on November 19, 2015, 01:52:04 AM
NO! Gawd  Sad

If every race is identical, why do races outside of Africa have Neanderthal DNA?  Why do blacks have 20% higher blood testosterone level?  Why do Asians seem to test lowest for psychopathic character traits?  Even men and women from the same ethnic group aren't similar.  Claiming people from different groups are identical is just hilarious.

It's always the far leftists pulling this crap too.  A bias to support their ideology of collectivism.  Nevermind the fact that liberalism is inherently a mental disorder based on inferiority complex where you can only relate with groups deemed weak, inferior, or underdogs in general.  It's a shame the political and social narative of the modern world is shaped entirely by people with mental disorders.

A fucking good post and I agree with everything you said!

Now, if only the world could sort out it's Jewish Problem once and for all!

The world does not have a Jewish Problem. We have a big fiat problem and a big collectivism problem but there is no Jewish problem.

The Jews have been harshly winnowed over the centuries for IQ and thus have (for now) the highest average IQ of any group in the world. Because of this they were first movers and took advantage of the massive scam of fractional reserve banking and later fiat currency better then any other group.

Banking is a lucrative scam. It is an economic niche that exists only due to the overall stupidity of humanity.  If there were no Jews some other groups would simply have risen to occupy that unfilled role. The Germans and the Dutch have the next highest average IQ in Europe so it would probably have been one of them. Focusing on race is counterproductive other then to acknowledge that Jews may be more likely to support the status quo and oppose reform because the Jewish elite tend to dominate the status quo.



5. Post 13019336 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_14.34h):

Quote from: r0ach on November 20, 2015, 02:11:51 AM
Assuming the doxer isn't a reverse troll/shill, and poopchop really is this "Izabella Kaminska" person.



Not that I really care as I only rarely stop by this thread and it's somewhat unique banter but why in the world would you assume that.

This is what I remember from the last time I visited this thread.




Quote from: NotLambchop on October 23, 2014, 06:02:21 PM

Now everyone knows who I am Sad



Thanks for outing me, Jimbo Angry



6. Post 13171041 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_14.36h):

Quote from: Scarce is better on December 07, 2015, 04:28:41 AM
 Izabella Kaminska has a classic case of acute sociopathic personality disorder. She fits the symptoms as well as one can. The sociopath fears exposure above most things. I don't know what methods The Doxing used to unmask her and they likely weren't legal in many jurisdictions, but it has already been done. It is understandable that The Doxing left no concrete proof to avoid incriminating himself. I for one would not want to see him arrested for making the world a better place. It is very obvious she is indeed Lambie, and she has admitted it on multiple occasions, so further proof is not necessary. If she is low on funds from shorting bitcoin in hopes of blogging hit pieces and trolling the market so much she turned a profit, then I believe she would make a great candidate for a high level psychiatric study that might warrant a stipend. I believe in her delusions of grandeur she believed that one blogger could affect a world wide market. One can't help but notice the irony that Izabella tweets about her financial hardships, yet spends her days and nights fighting to defend the corrupt system that make her barely able to afford the high cost of living in London, rather than finding a mate and giving birth to and raising more Izabellambies. Perhaps that is for the best, who knows. It is nice to know who is doing all the ridiculous trolling, so The Doxing, if your reading, this ones for you buddy.


https://twitter.com/izakaminska/

This is an obvious attempt to provoke people to harass an innocent financial blogger in an attempt to generate bad press for bitcoin.




7. Post 13171157 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_14.36h):

Quote from: Cconvert2G36 on December 07, 2015, 05:07:09 AM
Well, seeing as you lot have turned it into the Lambie Observer Thread again.

 Izabella Kaminska has a classic case of acute sociopathic personality disorder. She fits the symptoms as well as one can. The sociopath fears exposure above most things. I don't know what methods The Doxing used to unmask her and they likely weren't legal in many jurisdictions, but it has already been done. It is understandable that The Doxing left no concrete proof to avoid incriminating himself. I for one would not want to see him arrested for making the world a better place. It is very obvious she is indeed Lambie, and she has admitted it on multiple occasions, so further proof is not necessary. If she is low on funds from shorting bitcoin in hopes of blogging hit pieces and trolling the market so much she turned a profit, then I believe she would make a great candidate for a high level psychiatric study that might warrant a stipend. I believe in her delusions of grandeur she believed that one blogger could affect a world wide market. One can't help but notice the irony that Izabella tweets about her financial hardships, yet spends her days and nights fighting to defend the corrupt system that make her barely able to afford the high cost of living in London, rather than finding a mate and giving birth to and raising more Izabellambies. Perhaps that is for the best, who knows. It is nice to know who is doing all the ridiculous trolling, so The Doxing, if your reading, this ones for you buddy.


https://twitter.com/izakaminska/

This is an obvious attempt to provoke people to harass an innocent financial blogger in an attempt to generate bad press for bitcoin.



I tend to agree with this.

This, " interested in all things energy, central banky, market structurey and science fictiony.", is just so horrible... a pseudo-intellecutual-valley-girl-speak that doesn't jive with what we know. Real lambie's ego is far too huge and confident to willingly smear their own public image so badly.


What the forum needs is the option to restrict posting in moderated topics to an activity level set by the topic starter. This would at least require spam accounts to build up activity first and thus make the ignore button meaningful.



8. Post 13663203 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_14.42h):

Quote from: tomothy on January 24, 2016, 03:12:01 PM
https://www.reddit.com/r/Bitcoin/comments/42fggm/chinese_community_has_voiced_consensus_opinion_to/

I think this is why we are starting to go up. Miners providing clear road map.

Also, I'm interpreting this as a miner revolt. Not siding with core or classic. Just changing 1mb to 2mb and nothing else. I'm happy with the move but not everyone might be.


Copied from Google translate.


[Currency] 1992 consensus reached circle gathering support 2MB, against less than 90% count bifurcated force consensus
Lai Bite mine pool | 01-24 | Look landlord
This post was last at 2016-1-24 22:25 edited by 莱比特 mine pool

Author : Lai Bite mine pond river Thatcher stakeholders : Bitcoin / litecoin miners, who hold out

January 23 afternoon, the coldest day in Beijing, good Bitcoin (haobtc.com) organized a party in full swing in currency circles. Participants in the development of good bitcoins, bitcoin block expansion, force mining operator, on Bitcoin future prospects and other topics heated discussion.

On the block expansion, the participants reached the following consensus and hoped that all bitcoin businesses and users to join this broad nine (90%) di (2MB) consensus:

1, Bitcoin need expansion to 2MB.
2, against less than 90% count bifurcated force consensus.

Meeting participants :
Good Bitcoin CEO Wu Gang, super bitcoin, Thief, Bear, etc.
Continental CEO Wu Ji Han Bit
Ants mine pool Panzhi Biao
Ants mining machine Li Ying Fei
Guo Hong Btc123 only
Wells Fargo Funds Zhao Guofeng
Cloud coins cat
Too wallet than Wenhao
Look currency Fangfang
Soso Bitcoin Linjia Peng
(Many participants, if missing, please forgive me)
...
Consensus:
As we all know, this block expansion is no longer a technical issue, but a conflict of interest due to political problems. Background see previous article: " [Bitcoin facing a critical choice] urge all people to support macro news 2MB expansion . "...

Finally some intelligent thinking. Thank you miner revolt. A non political fork from 1-2 MB that is driven entirely by miners and not an attempt to take over future network control is exactly what is needed.

Call it Bitcoin Core 2MB or something, get a 90% majority of hashing power behind you, fork and then step back and let the experts in at bitcoin core do there thing and continue working on making bitcoin better a with segregated witness which is complicated and should not be rushed.

A contentious hard fork would be a disaster. An apolitical miner driven fork would probably still cause some to grumble but it is probably something everyone could live with. This is promising.



9. Post 13663476 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_14.42h):

Quote from: BldSwtTrs on January 24, 2016, 04:58:31 PM

Why are you calling experts the people who don't see the need to move the blocksize limit, which you agree is needful?

I call bitcoin core experts because they are experts that is not disputable much their competition are experts too. Scaling is a complex topic. There are strong disagreements about what is optimal. No one has made a definitive case but everyone agrees bitcoin needs to scale.

A politically driven contentious hard fork that seems to be much more about who gets to control the future of bitcoin rather then actually about increasing the block size is a known evil. Bitcoin is intrinsically just a computer ledger. It's value comes from the talent of those involved in its ecosystem. The goal is to grow that ecosystem not rip it apart.



10. Post 13665360 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_14.42h):

Quote from: BldSwtTrs on January 24, 2016, 07:22:42 PM

Why are you calling experts the people who don't see the need to move the blocksize limit, which you agree is needful?

I call bitcoin core experts because they are experts that is not disputable much their competition are experts too. Scaling is a complex topic. There are strong disagreements about what is optimal. No one has made a definitive case but everyone agrees bitcoin needs to scale.

A politically driven contentious hard fork that seems to be much more about who gets to control the future of bitcoin rather then actually about increasing the block size is a known evil. Bitcoin is intrinsically just a computer ledger. It's value comes from the talent of those involved in its ecosystem. The goal is to grow that ecosystem not rip it apart.
OK I was worried that you thought that Core folks are the only experts out there.

Increasing the blocksize is fairly straightforward choice but there is a civil war about that. What will happen with possibly more contentious issues?

We need a governance mechanism for future debates because we can be sure there will be several others. And I prefer a governance mechaism who is bottum up  -hard fork and let the ecosystem choose - than one who is top down and doesn't support competion (extremely fragile position).

We don't rip apart the ecosystem by hard forking, not more than the creation of an altcoin rips apart the ecosystem. Remember when the first alcoin was created there were debates about whether that should be avoided for the good of Bitcoin. The endgame of a hard fork is the same : there will be yet another altcoin. And the network effect of the winning chain will keep sucking every human and capital resources which want to be part of this revolution.

Again this comes back to what makes bitcoin valuable. Bitcoin is valuable because it is a transparent trustless distributed consensus system that allows exchange to occur free from centralized choke points and government debasement of the unit of exchange. A bitcoin is only as valuable as the network of people participating and accepting it as a medium of exchange.

A contentious hard fork is incredibly destructive because it tells the minority that their opinions and interest do not manner. It is a use of force over persuasion. The proper way to fork bitcoin is to build an overwhelmingly large supermajority demonstrate a clear need for the change and then fork as slowly and as possible with a significant lead time to bring as many as possible with you. Every individual who leaves bitcoin or forks off into an alternative is lost value for the ecosystem.

This scaling debate appears to be more about who gets to control future forks and changes then it is about increasing the block size. The answer to that should be simple. Whomever can build true voluntary consensus should prevail and attempts to browbeat the opposition into submission should be opposed.

The Chinese miners with their 90% hash rate support requirement for a hard fork have the right idea. Even with 90% such a fork should be rolled out a slowly as possible with maximum possible outreach to the remaining 10%.



11. Post 13665548 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_14.42h):

Quote from: BldSwtTrs on January 24, 2016, 08:35:59 PM

Why are you calling experts the people who don't see the need to move the blocksize limit, which you agree is needful?

I call bitcoin core experts because they are experts that is not disputable much their competition are experts too. Scaling is a complex topic. There are strong disagreements about what is optimal. No one has made a definitive case but everyone agrees bitcoin needs to scale.

A politically driven contentious hard fork that seems to be much more about who gets to control the future of bitcoin rather then actually about increasing the block size is a known evil. Bitcoin is intrinsically just a computer ledger. It's value comes from the talent of those involved in its ecosystem. The goal is to grow that ecosystem not rip it apart.
OK I was worried that you thought that Core folks are the only experts out there.

Increasing the blocksize is fairly straightforward choice but there is a civil war about that. What will happen with possibly more contentious issues?

We need a governance mechanism for future debates because we can be sure there will be several others. And I prefer a governance mechaism who is bottum up  -hard fork and let the ecosystem choose - than one who is top down and doesn't support competion (extremely fragile position).

We don't rip apart the ecosystem by hard forking, not more than the creation of an altcoin rips apart the ecosystem. Remember when the first alcoin was created there were debates about whether that should be avoided for the good of Bitcoin. The endgame of a hard fork is the same : there will be yet another altcoin. And the network effect of the winning chain will keep sucking every human and capital resources which want to be part of this revolution.

Again this comes back to what makes bitcoin valuable. Bitcoin is valuable because it is a transparent trustless distributed consensus system that allows exchange to occur free from centralized choke points and government debasement of the unit of exchange. A bitcoin is only as valuable as the network of people participating and accepting it as a medium of exchange.

A contentious hard fork is incredibly destructive because it tells the minority that their opinions and interest do not manner. It is a use of force over persuasion. The proper way to fork bitcoin is to build an overwhelmingly large supermajority demonstrate a clear need for the change and then fork as slowly and as possible with a significant lead time to bring as many as possible with you. Every individual who leaves bitcoin or forks off into an alternative is lost value for the ecosystem.

This scaling debate appears to be more about who gets to control future forks and changes then it is about increasing the block size. The answer to that should be simple. Whomever can build true voluntary consensus should prevail and attempts to browbeat the opposition into submission should be opposed.

The Chinese miners with their 90% hash rate support requirement for a hard fork have the right idea. Even with 90% such a fork should be rolled out a slowly as possible with maximum possible outreach to the remaining 10%.
So if there is 90% hashrate in favor of Classic and a fork ensues would be be ok with that outcome?

I pretty much agree with what you say*, initially I think the treshold was 75% Classic but if making it 90% can bring more peace I don't see any problem with that.

*I would add that future users are as valuable as present users and should be take into account (miners, by their profit calculations, incorporate so it's good they have the final say).

Yes provided such a change was set to occur with a significant lead time at least 3-6 months to allow the minority ample opportunity to make their case against the fork and if in the meantime support drops below 90% then no dice. 

In my opinion any lower threshold does more harm then good.



12. Post 18429416 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.07h):

Quote from: r0ach on April 02, 2017, 12:02:27 PM
And someone didn't want to accept my statement that bitcoin is a currency and not money so I had to explain in greater detail why:

Bitcoin is a currency not money.  If you don't agree, YOU don't understand finance.  It's a Rube Goldberg machine and nothing more.  No random bullshit made up of completely arbitary variables created by humans is money.  Money represents goods and services or the ability to do work.  It's required to be connected to some type of commodity or energy resource if you're abstracting the system away from barter, otherwise the system is easily gamed and implodes as always.

Bitcoin is not a real commodity, it's a poor immitation like some type of tranny.  The sunk cost in so called "creating" a bitcoin in the past does not transfer into delivering anything tangible into the future.  It's more like a steady state system that can catastrophically fail and vaporize all imaginary "wealth" attached to it at any time - the glaring trait of all currencies past and future.  One of the main reasons the noble metals are valued as money (gold and silver) are the anti-corrosive properties to defeat time itself, which guarantees you the ability to transfer that unit of account from the past to future, UNLIKE bitcoin.

The distinction between money and currency is one that is blurry and arbitrary.

Many tend to think of money as something that is tied to a physical commodity and everything else as currency but that is not really accurate.

The reality is that all money/currency is an arbitrary construct created by man to facilitate trade and savings. Paper currencies have a long track record of failure. This failure is due to the inherent flaws of mankind rather then a fundamental problem with paper money.

We choose to embrace things like fractional reserve lending, defect spending, and unfounded entitlements all of which lead to fiscal instability and undermine the currency system leading to eventual failure.

Gold and Silver are simply attempts to take human weakness out of the picture by tying the concept of money to something that cannot be easily forged or mass produced. This works to a degree but it historically also ultimately fails to restrain us from eventually debasing and destroying the currency system. We see this in Rome and also in our recent past as we were not long ago on a gold standard.

Bitcoin is a new attempt to separate destructive human weakness from a money/currency system. The new mechanism is decentralization and computer algorithm to replace flawed human judgment. If it will succeed long term remains to be seen but we know paper currency consistently and repeatedly fails and we know precious metal currency repeatedly fails so now we will learn how well digital currency works.

How this scaling debate plays out will be important to watch. The 95% requirement for implementation as seen in some of the Bitcoin update proposals is a very wise threshold to use. If Bitcoin ever becomes a simple voting mechanism where 51% of hashing power is able to implement widely accepted changes to the protocol over the objections of the other 49% then human error has returned to the forefront. Bitcoin would then become the same system we already have.  A complex fiat voting system.




13. Post 18441141 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.07h):

Quote from: becoin on April 03, 2017, 09:34:10 AM
The distinction between money and currency is one that is blurry and arbitrary.

No. The distinction between money and currency is quite clear!

Money is the monetary form itself. It is the "thing" we use as money. Its value doesn't depend on a single body or entity safeguarding its value.

Currency is the certificate that certifies you have money kept in a storage somewhere else. It is a storage receipt payable to bearer on demand. The storage owner/keeper has to take care that all issued certificates are backed by adequate quantity of the "thing". In different countries and during different times this certificate was different. It had different properties, attributes, and requisites to avoid dishonest storage owners/keepers and counterfeiting. The latest reliable certificate with most current properties, attributes, and requisites was most widely used for transactions. Hence, the newly coined word "currency" describing current certificate in circulation.

If we use LN we'll be using bitcoin not as money but as currency. Using currency instead of money is riskier but much cheaper. It is a trade-off. People will have a choice depending on their willingness to take small risk in exchange for much lower tx fees. And that is GOOD!  

Your are correct of course that there is a huge difference between something secured by a single body and something that is not subject to such counterparty risk but I would again note that your line in the sand here is somewhat arbitrary.

What if you have an asset that is secured not by one body but two or five or 50? Is it money or currency? What we are dealing with here is a spectrum not an absolute. There was a time when pure copper bars based on their weight in copper was money in some countries.

The more distributed your risk is and the less dependent on a single actor the more solid and safe your money/currency is provided it has solid fundamentals and limited supply. Copper as money failed due to eventual oversupply of the metal. Physical ownership of metal has a counterparty risk as well as does bitcoin.

Quote from: CoinCube on January 08, 2017, 04:04:24 PM

Cryptocurrency is not a real store of value, though.  It is basically at the same level as fiat on Exter's pyramid.  Wealth is derived from resources and labor.  Cryptocurrency will always be the bad money driving out good money compared to an actual resource/commodity based currency whether it's gold, silver, oil, or some other substance.  The problem that it's very difficult to remove counterparty risk on things like uranium and oil always switch roles back to metals such as gold and silver instead.
...

The difference is that cryptocurrency has the potential to someday climb beyond fiat beyond gold even on Exter's pyramid.

Gold can essentially be thought of as an eternal partially anonymous POW blockchain. It is mined and mining requires work limiting its supply and allowing it to be used as a store of value. Gold does have counterparty risk. The counterparty is society. The purchaser of gold takes the risk that the gold network (the network of individuals in society willing to buy and own gold) will continue to exist. Governments play a role here in that they have the power through their actions to strengthen or weaken this network but they lack the ability to destroy it entirely. The gold network has existed for thousands of years it has also survived multiple government attempts to eliminate it so the counterparty risk is lower than with anything else that exists.

To displace gold cryptocurrency would need to have a counterparty risk that was lower than gold.
This would require
A) Demonstration of enternal nature currency would need to hold its value over several generations
B) Demonstration of resilience cryptocurrency network it would need to show its ability to survive outlast and not be broken or destroyed by hostile government action.

The jury is still out on whether bitcoin can meet these very high hurdles. However, even if bitcoin fails it seems almost inevitable that something will come along someday that can meet them.



14. Post 18447286 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.07h):

Quote from: becoin on April 03, 2017, 03:39:34 PM

I don't understand what counterparty risk has to do with money/currency distinction? Counterpaty risk is the probability of not getting good or services you have paid for or not getting the money if you're the seller. If I hold a gold coin in my hand or I''m the only one that knows the private keys of a bitcoin address then there is no counterparty risk and I'm 100% confident that I received payment for goods or services I sold.

It doesn't matter how many members one organization has - two or five or 50. You have to define what do you mean by "secured by"? I'm using "depends on". Doesn't depend on means if that organization of two or five or 50 members disappears this asset was and still is money if it still has value. If the value of this asset goes to zero then it was currency before losing its value as it was backed by a second asset that disappeared. The distinction is very clear. If something is backed by nothing and is used as money then it is money!

Until 1971 the US dollar was currency. It was a certificate giving you the right to convert it into gold as it was pegged to gold. After gold window was closed the US dollar became money. Yes, that's right! If you present a 100 dollar bill to the Fed they will not redeem it as they don't have any obligation whatsoever. If Fed disappears the US dollar will still have value IF it is scarce and has limited supply! I'd even say that without Fed the value of US dollar will increase.

Becoin there is nothing wrong with defining currency the way you do but that is not the only way to define it nor is it particularly enlightening to define it that way. If you look up how currency is defined in the dictionary you will see a different definition. r0ach upthread uses yet another definition.

Far more useful is to focus on the necessary properties that allow money/currency to function in its role of facilitating trade and savings.

Everything has counterparty risk even physical gold or bitcoins for which you control the private keys.

For those situations where you have physical control of the an asset the counterparty risk is the social network which uses and accepts said asset. If you accept silver, gold, dollars or bitcoin as payment for services rendered you are taking a risk that the networks of individuals who accept these things will continue to exist in the future allowing you to someday exchange these things later for future goods and services. The stronger and more robust the network the lower the counterparty risk.



15. Post 18961440 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.09h):

Quote from: gentlemand on May 10, 2017, 06:17:49 PM
Flood.

Jokes aside pretty much none, I have mine laminated buried under my favorite apple tree.

Do you own said tree? Some weirdo might take a fancy to it and decide to steal it during the night. Your wallet might be unearthed during the theft.

It is a mistake to publicly share details like this. It increases the chance of theft.



16. Post 18973956 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.09h):

Quote from: bankpower on May 11, 2017, 01:04:37 PM

People think all alts are the same because they can't be bothered to look more closely and figure out the difference, like watching a herd of penguins and claiming they can't tell them apart.
Truth is some penguins will sink, others will fly, based on their individual merits.
This isn't the best analogy, but you get the general point.

Edit: https://www.youtube.com/watch?v=9dfWzp7rYR4

LOL best answer ever Cheesy

That video  Cheesy



17. Post 18990722 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.09h):

Quote from: simmo77 on May 12, 2017, 03:44:13 PM
has little utility value.

Bitcoin has massive utility value. It provides freedom to the user in the face of ever increasing capital controls implemented by the most powerful governments in the world.

Lots of hurdles to overcome before it will achieve mainstream adoption, but that's OK. I'm in for the long haul.

Bitcoin will never achieve "mainstream adoption". The average debt slave doesn't care about freedom.

1 - Explain how it provides freedom from capital controls any more than cold hard cash does? I have BTC and I have travelled pretty extensively, my BTC has been pretty much useless to me abroad. "Dirty fiat" i.e. USD cash money is accepted pretty much everywhere. This is not a criticism of BTC, it just illustrates that we are early in the game.

2 - I'm not a debt slave so I wouldn't know. I own my house and owe nothing to the bank or anyone else, so I guess I'm struggling to understand your point? You say that BTC provides freedom to the user, then say the avg debt slave doesn't care about freedom? I'm confused....
I'm sure any slave, debt or otherwise, has freedom at the front of mind.

The freedom Bitcoin provides is not primarily that of movement of capital as other forms of currency including fiat do this faster for mostly low cost. In fact one can argue that this was one of the main competitive advantages of fiat over metal currency.

The primary freedom bitcoin provides is freedom from centralized debasement of the medium of exchange which will increasingly dominate all global economies.

It also provides a secondary freedom against tyrannical governments interested in arbitrarily theft.  To seize your bitcoin as long as your are not careless one must physically force you to divest their keys. This is much more difficult then simply freezing a centralized bank account. It is also harder then simply raiding your home and taking your big stack paper dollars which are much more difficult to hide.  



18. Post 19046538 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.10h):

Quote from: Torque on May 16, 2017, 10:35:14 AM
All I'm seeing is traders buying bitcoin to pump alts.

2017 should be called "The Year No Alt Left Unturned Unpumped"

Yep

If I was a very large buyer who wanted to take a substantial position in BTC without raising the price too much one possible strategy would be to systemically and randomly pump various alt coins to intice Bitcoin holders to sell via FOMO.

I don't have any evidence this is occurring and I do not trade but when the market behaves strangely one must consider strange explanations.



19. Post 19124309 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.10h):

Quote from: ShroomsKit_Disgrace on May 21, 2017, 11:44:10 AM
Call me crazy or dumb...but I am starting to have a desire of shorting BTC at these levels...

Shorting bitcoin is kind of like choosing to play russian roulette.

Sure it is possible to "win" but is it really that good of an idea to play at all.



20. Post 19140515 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.10h):

Quote from: Meuh6879 on May 22, 2017, 12:10:44 PM
So is it an attempt to stop the User activated fork getting traction ?

yes, because the period from august 2017 to november 2017 is the enforced period for Segwit ... not the LOCK period.
https://github.com/bitcoin/bips/blob/master/bip-0148.mediawiki

so Segwit2Mb is a trap.
they want introduce the 2Mb before SegWit LOCK.

So the folks who want 2Mb don't trust the SegWit people not to break away after SegWit is locked and block a later block size increase?

Sounds understandable given the emotionalism on this issue. It would be very disruptive to activate SegWit and then deactivate it before LOCK. Seems unlikely the miners would do this. It seems far more likely that the SegWit folks would increase their opposition to a block size increase to 2 Mb once they already have what they want.

I am not understanding why this is not a reasonable roadmap forward.



21. Post 19141184 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.10h):

Quote from: becoin on May 22, 2017, 01:21:50 PM
So is it an attempt to stop the User activated fork getting traction ?

yes, because the period from august 2017 to november 2017 is the enforced period for Segwit ... not the LOCK period.
https://github.com/bitcoin/bips/blob/master/bip-0148.mediawiki

so Segwit2Mb is a trap.
they want introduce the 2Mb before SegWit LOCK.

So the folks who want 2Mb don't trust the SegWit people not to break away after SegWit is locked and block a later block size increase?

Sounds understandable given the emotionalism on this issue. It would be very disruptive to activate SegWit and then deactivate it before LOCK. Seems unlikely the miners would do this. It seems far more likely that the SegWit folks would increase their opposition to a block size increase to 2 Mb once they already have what they want.

I am not understanding why this is not a reasonable roadmap forward.

Any block size increase is not a reasonable roadmap forward. It solves nothing! It just postpones the inevitable next block size increase - 4mb, 8mb, 16mb... until full centralization. Big blocktards will accept anything just to follow this roadmap.



If it also gets SegWit activated in the process then isn't it solving something?

Increasing the block size to 2Mb is not a slippery slope. It does not necessarily follow that we will then go to 4mb, 8mb, 16mb until full centralization.



22. Post 19158321 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.10h):

Quote from: bitserve on May 23, 2017, 02:03:07 PM

I have removed the rest of your message as it is based on a wrong premise. No, it was not a stop-loss order. I learned not to ever use stop-orders on Kraken as they simply don't work as intended (exactly as you are describing). I underatand stop loss orders are NOT on the order book until they get triggered and inserted (whenever that happens) in the order book. This has NOTHING to do with that.

It was LIMIT ORDERS, opened several days in advance, already on the order book that HAVE NOT BEEN EXECUTED YET THE PRICE HAS KEPT RISING ABOVE THEM.

When I say the trading engine/order book in Kraken is broken I really mean it. There is absolutely no technical explanation to this. The only doubt I have is WHO profited from it.


I don't even pay that much attention but I have heard multiple shady stories on this form about both Kraken and Bitfinex.

Personally I would never use either of them. Trying to make gains via leverage gambling is simply not worth the risk when you factor in the high probability of eventual catastrophic exchange failure.

I use Gemini. Slight premium there that is well worth paying for the added safety.



23. Post 19164242 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.10h):

Quote from: gentlemand on May 23, 2017, 08:47:48 PM


Sounds like bitcoin core developers have some reservations about this.

What are bitcoin core's concerns here? Is is a concern that once blocksize is increased once further centralizing block size increases will occur?
Or do they think that widespread consensus for SegWit + 2Mb is not achievable?

I have not really been following this debate with any depth so I am trying to get up to speed.



24. Post 19164410 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.10h):

Quote from: gentlemand on May 23, 2017, 09:24:09 PM

Dunno. If the silly sausages had been there then they would've been able to voice those reservations and help draft a better agreement. A bonkers idea I know.

Its more of a proposal without bitcoin core and the major exchanges. It's a nice starting point but without near universal support it is just a setup for a split into Bitcoin Classic and Bitcoin Whatever. We would be better off with the status quo and high fees than a contentious split.

Consensus is consensus and is very hard by definition. I agree that it is concerning that major players appear to be unwilling sit down in person for discussions.



25. Post 19164743 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.10h):

Quote from: JayJuanGee on May 23, 2017, 09:47:30 PM

Does that mean that this announcement is NOT as bullish as anticipated.  So what if all these folks agree, but if core does not agree, and they end up forking off with these terms, then we could have two forks.

Maybe this is not as bullish as we thought because core is not agreeing to lower the consensus threshold in this case, right?

You think that you can make an exception to lower the consensus threshold and then every time there is a dispute, there would be an attempt to use 80% as the new consensus threshold?  

I suppose ultimately if this is a softfork rather than a hardfork, then it is not as big of a deal to have a consensus threshold that is lower than 95%.

I view it as slightly bullish.
Parties seem to be slowly converging closer towards possible consensus.

From my admittedly layman and non-technical perspective the 95% threshold makes sense. However 83% of the hashing power is getting much closer to 95% then we have been in the past. Perhaps now further discussions and compromises need to be made to get the last 12% and bitcoin core on board. The major exchanges would probably all follow at that point. That would be extremely bullish.




26. Post 19165416 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.10h):

Quote from: JayJuanGee on May 23, 2017, 10:53:56 PM

Not at all. Block size limit should be lowered not increased.

Actually, even though technically you are probably correct that bitcoin would be better with blocksize limit that is lower than 1mb - there is a certain advantage in just keeping the status quo - even if a lower blocksize limit would technically be the better design.

In the hypothetical 2MB hardfork to follow SegWit linked above

https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-May/014399.html

The author also argued that 1mb blocks are too big. Ignoring for a moment the issues with full blocks and transaction fees what is the concern with current blocksize?




27. Post 19165519 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.10h):

Quote from: mymenace on May 23, 2017, 11:10:34 PM
cashless societies, borderless currencies, blockchain apps for business, cheaper financial infrastructure

the big players are developing now

And perhaps as important as all that we are slowly learning how to govern by consensus rather then via demagoguery or 51% majority rule.



28. Post 19184917 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.10h):

Quote from: gentlemand on May 24, 2017, 07:44:16 PM
Lack of respect.

Why are they poor? Ask them that next time, before handing out anything.

I find after extensive investigation it's usually down to a lack of money. Some people are just born to suckle on the shitty end of the stick. And there but for the grace of God go any of us.

gentlemand sums up the situation well



Homeless Man Plays Piano Beautifully
https://www.youtube.com/watch?v=LTe7Tv6PtmU





29. Post 19193821 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.10h):

Quote from: Ibian on May 25, 2017, 11:14:59 AM

We clearly have had different experiences of marriage.
How old are you and how old is your wife?

This is relevant, no need to look for excuses to get defensive.

Not defensive. Just aware this is very off-topic and supposed to be getting something constructive done. Unwilling to open a can of worms that - like bitcoin - is likely to be pre-settled in a person's mind rather than liable to be changed by discussion (or, as it happens, evidence - there's plenty of academic studies on it).
Since you asked, I'm in my late 30s and she's 3.5 years older than me.
Ok so she's too old to realistically leave and find someone else, and you likely got married before divorce court became what it is now. That's why you are happy to defend marriage. Your wife is TOO OLD for you to worry about her splitting with your shit.

For the rest of us, it doesn't take an academic study to figure out that getting married today is about the most self-destructive thing a man could do.

Whether marriage is destructive or uplifting will be greatly influenced by the philosophy the husband and the wife use to ground their lives.

If the foundation is unsound in either partner the structure is more likely to fail. I present the following thread as recommended reading.

Health and Religion




30. Post 19221007 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.11h):

Good time to buy in my opinion.

Added another 0.25 BTC to my holdings.



31. Post 19230291 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.11h):

A nice article that I recommend to readers of this thread.

Bitcoin 'Crashes' To 1-Week Lows - The Difference Between Fear And Concern
http://www.zerohedge.com/news/2017-05-27/bitcoin-crashes-1-week-lows-difference-between-fear-and-concern





32. Post 19230493 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.11h):

Quote from: practicaldreamer on May 27, 2017, 05:34:13 PM

If you can call the tops - and the bottoms - then you are a better man than 99.9% on here.

For the rest of mankind cost averaging doesn't seem like a bad strategy to me.

The best strategy for most with BTC is to buy in with the maximum you feel comfortable investing and then hold until your personal predetermined sell thresholds arrive or something fundamentally changes altering the long term potential of the technology.

For those with insufficient liquid capital like me the second best strategy is to set a goal number of BTC you want to own and purchase them gradually and regularly every month.

I have been making small purchases every month since $256 and every BTC I have purchased is well in the green including the ones I bought yesterday.

If the price drops dramatically like it did yesterday I shrug my shoulders and make my monthly buy a few weeks early. Trying to trade with leverage is foolishly risky when one considers exchange risk. Trying to move in and out in response to market fluctuations is a zero sum game and should be considered only by professional traders.




33. Post 19233005 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.11h):

Quote from: r0ach on May 27, 2017, 11:11:24 PM

Feels like I'm talking to a bunch of millenial transgender children.  First of all, only cuckolds go to Starbucks.  Secondly, bitcoin is:

1) a currency, not money
2) does not remove counter party risk
3) is not a store of value

...
So please, stop being complete idiots and pretending bitcoin is in some way superior to gold and silver.  The noble metals are the only viable candidate for sound money on this entire planet at the moment if you do not want to live under central bankers - which are the one of the main tenets of (((communism))).

Calling Nobel metals the only viable candidate for sound money represents a bias on your part. It remains to be seen if bitcoin will survive to become sound money but if it does it is tremendously undervalued at current prices.

Quote from: CoinCube on January 08, 2017, 04:04:24 PM

Cryptocurrency is not a real store of value, though.  It is basically at the same level as fiat on Exter's pyramid.  Wealth is derived from resources and labor.  Cryptocurrency will always be the bad money driving out good money compared to an actual resource/commodity based currency whether it's gold, silver, oil, or some other substance.  The problem that it's very difficult to remove counterparty risk on things like uranium and oil always switch roles back to metals such as gold and silver instead.
...

The difference is that crypto currency has the potential to someday climb beyond fiat beyond gold even on Exter's pyramid.

Gold can essentially be thought of as an eternal partially anonymous POW blockchain. It is mined and mining requires work limiting its supply and allowing it to be used as a store of value. Gold does have counterparty risk. The counterparty is society. The purchaser of gold takes the risk that the gold network (the network of individuals in society willing to buy and own gold) will continue to exist. Governments play a role here in that they have the power through their actions to strengthen or weaken this network but they lack the ability to destroy it entirely. The gold network has existed for thousands of years it has also survived multiple government attempts to eliminate it so the counterparty risk is lower than with anything else that exists.

To displace gold cryptocurrency would need to have a counterparty risk that was lower than gold.
This would require
A) Demonstration of enternal nature currency would need to hold its value over several generations
B) Demonstration of resilience cryptocurrency network it would need to show its ability to survive outlast and not be broken or destroyed by hostile government action.

The jury is still out on whether bitcoin can meet these very high hurdles. However, even if bitcoin fails it seems almost inevitable that something will come along someday that can meet them.





34. Post 19248709 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.11h):

Quote from: JayJuanGee on May 29, 2017, 01:49:16 AM
I hope that Segwit+2MB gets enough support to finally end this absurd war. At this time it looks as the only non contentious alternative. I don't like the idea of non unanimous hard forks, nor UASF. Whatever is supported by an almost unanimous majority is ok to me at this time (Well, except BU/EC as I am totally against it).

Seemed like a decent compromise to me. Core programmers snubbing it was disappointing.


It's an attempt to change governance and to accomplish such in the form of a hard fork.... A hardfork is not necessary. so why agree to something that is not necessary and that is problematic and that is going to set bad precedent for future take overs.. especially if they agree to either a hardfork or a change in governance.. ?
 

Because it appears to be the only option on the table that a consensus can be built around. Also it can be rolled out by the Bitcoin Core team hence no change in governance.



Quote from: CoinCube on May 26, 2017, 02:48:58 PM
The lack of code is probably a good thing at this juncture. I have been following this dispute only recently but the strong impression I get is that the only possible path to consensus on something like the miner agreement is if the code is ultimately produced, vetted and shipped by the core developers.

The miner agreement at this stage is simply a proposal. That proposal must now be vetted by the rest of the community to determine if a grudging consensus can be built around it.

Hopefully such a consensus will be possible. It strikes me as a far healthier path forward then stagnation forever in the current state or a civil war leading to a split into two coins.
...
It appears very clear that regardless of their technical merits neither

1) Variable blocksize
or
2) SegWit alone without a block size increase

can achieve consensus at this moment in bitcoin history. Thus neither are viable pathways forward right now.

Some compromise position must be adopted. It does not matter if it is a perfect solution. All it needs to be is safe and good enough to achieve widespread if grudging consensus.
...

There is fundamental disagreement in the community regarding on-chain versus off-chain scaling. Best hope of a breakthrough is a half-measure that allows both sides time to show what their solution offers.

Personally I hope to see some variation of Barry Silbert segwit agreement coded up vetted and released by the Bitcoin Core team as this is the only option on the table that appears to have any chance of achieving consensus.
...

We don't need to make a final determination between on-chain and off-chain scaling at this time. Kicking the can down the road by allowing both to be tried in parallel under the vetting and safety provided by the Bitcoin Core team sounds pretty good to me.

Plus though it is not the primary concern here it is worth mentioning that a successful consensus solution to this problem would likely be very good to everyone's pocketbook.



35. Post 19248826 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.11h):

Bitcointalk approves of my post immediately above  Cheesy (See post count)








36. Post 19248928 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.11h):

Quote from: JayJuanGee on May 29, 2017, 02:15:42 AM

I don't know what you are talking about.  The plan seems to be somewhat vague.

First, if there were consensus to agree to seg wit then some of the witholders from signaling segwit could start signaling seg wit.. but they wont agree to signal seg wit without a 2mb increase first and in the form of a hardfork... so?  What does that mean?  

It means that the supposed supporters of a compromise do not agree to signal seg wit unless they get a 2 mb increase in the form of a hard fork.  A hardfork is not going to fly because it is not necessary.

seg wit has already been vetted and approved but a 2mb increase has not.. so that would need to be coded and tested... Anyone did that yet?  

So, how can core just agree?  You want them to agree to a hardfork?  You said that no change in governance.. ?  Looks like the threshold is 80% rather than 95%, and that appears to be a change in governance, no?  change from 95% to 80%, right?  that is a change?

Vague is good at this juncture because if it is going be something that consensus is built around core will need to put their stamp on it and ultimately write the code.

It is not currently possible to build consensus for SegWit by itself without an increase in block size. That leaves us with three choices.

1) Stagnation forever in the current state with no change ever.
2) Contentious hardfork with a split into two separate coins.
3) Some compromise position that is safe and that all parties can live with.

Of these three I believe option number 3 to be superior. Therefore what I hope to see happen is bitcoin core testing and vetting a combination package of 2mb hardfork + SegWit with whatever safeguards and testing they feel is necessary to avoid problems.

I believe it may be possible to build a broad consensus around this option that all parties can live with.



37. Post 19249550 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.11h):

Quote from: r0ach on May 29, 2017, 03:20:29 AM
Ok, people.  I'm tired of fucking around with ambiguous definitions:  Is bitcoin decentralized?  Does bitcoin have value? etc.  I have decided to address these issues from proof of work to proof of stake where a normal human can easily quantify if Bitcoin or any other cryptocurrency has value and whether it will live or die:

http://steemit.com/steemit/@r0achtheunsavory/the-r0ach-report-14-defining-if-cryptocurrency-has-a-value-or-zero-value-from-a-fundamental-scientific-perspective

It's relatively short to read, but if you want the TLDR version, my stance is that proof of stake has no value whatsoever and I explain why, and proof of work with ASIC is almost functionally the same thing (externalized proof of stake) in practice and would also have no value.  I don't think anyone will find a valid argument against this post.

I don't care for Proof of Stake so no argument from me on that. However, I disagree with your assumptions regarding Proof of Work.

Quote from: r0ach
As for proof of work - the basis of bitcoin - this will be an unpopular view but I really see it as just a form of externalized proof of stake in practice and not an actual open entropy system. Energy costs are not uniform across the globe so this causes the transaction validators (miners) to centralize into something resembling a matrix covering the earth:

This is a big centralization pressure, but arguably not a terminal one if you believe the energy costs on the planet are not outrageously lopsided in uniformity. The next evolution of the system was the introduction of ASIC mining. This is yet another layer of centralization on top of energy costs which I believe is not just additive, but more like multiplicative or quadratic in nature with the previous layer. Now your matrix of miners tends to look something like this instead:

It's a completely arbitrary number, but once you've reached a point where you can fit all the actors together into a large car where they can collude and form an OPEC-style cartel, doing things like blocking transactions from people they don't like, setting transaction fees abnormally high, or forking the network, you obviously no longer have any form of Nash equilibrium and the system I would say has become inherently valueless. No, this does not magically mean proof of stake now has value; it never had value in the first place.

What you fail to consider is that theoretical cartel actors cannot actually do any of these things in a profitable manner. Bitcoin is a consensus system. Unlike fiat its use is not enforced by state authority and violence. It requires the voluntary participation of each individual transacting in it.

Leaders in the bitcoin community have an economic incentive to behave above board. If they do not users will simply leave converting their bitcoins to something else that is managed better. This may happen through a fork of an outraged minority or people simply leaving for another coin.

Bitcoin's dominance is not guaranteed going forward. It will retain its position and value only if its community members behave in the manner necessary to maintain a broad consensus. Shatter the consensus be it via a community fracture, or mining cartel and all bets are off.

Nash equilibrium is enforced despite the existence of powerful actors by the free mobility of capital into and out of the currency in response to divergences away from the stable state.




38. Post 19267248 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.11h):

Quote from: Holliday on May 30, 2017, 03:52:30 AM
Current Bitcoin transaction fee: $2.18

Peer to peer gold and silver transaction: $0  

Let's do a peer to peer gold transaction. I'll pay you double spot for an ounce of gold on delivery. Let's see about those $0 transaction fees.

Here is my address. https://www.google.com/maps/@-43.1382064,147.2102165,17z


That address lol  Cheesy



39. Post 19391464 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.12h):

Quote from: r0ach on June 06, 2017, 06:28:07 AM
Gonna place this prediction here for sake of posterity to look back in a few years:

Sounds good to me  Wink


Quote from: CoinCube on June 06, 2017, 07:01:46 AM
r0ach I dislike your profile picture having an innate dislike of cockroaches in general. I dislike your signature finding it disrespectful to a people and faith I hold in high esteem and I am unclear why you are so active in a bitcoin forum given your feelings on bitcoin.

That said I am going to try and help you by highlighting where I feel you are grossly mistaken. I believe your current paradigm if unadjusted will lead you to loss of economic opportunity. Like many detractors of bitcoin you focus on the speculative delivery vehicle (get rich quick mentality) and the ease of launching alt-coins. Both of these may be currently important in terms of price and adoption but are ultimately irrelevant in regards to long term value.

The long term value of bitcoin is the consensus network that remains after the mining rewards decline into insignificance. The quotes below highlight this logic. I recommend reading them including the linked Scientific American article on group selection.

What is Bitcoin


Bitcoin is an overarching consensus system organized around the concept of sound money. Those voluntarily participating in this consensus are required to behave transparently and do work with the ultimate aim of ensuring all network participants abide by the greater consensus. Nodes who choose not to follow the protocol, miners who submit invalid proof of work, and users who try to spend bitcoins without verified private keys, are simply ignored and excluded by the greater consensus.

Bitcoin is a form of group selection and group selection entails that group behavior be referenced to something outside the group. This something outside is the concept groups cohere and organize around. It is what they cooperate to promote. In the case of bitcoin the referenced object is the conceptual idea of a sound and ideal money.


People who believe bitcoin has no long term future are unlikely to participate in the system in any sustained manner. If you believe bitcoin is just a scam you may participate in the periphery trying to make money but logic will dictate you constantly keep one foot in the doorway. You will hesitate at being involved in anything but the most superficial manner.  

Probably you will choose not to invest at all but if you do then you are likely to cash out of the system at some point choosing to take your profits and leave the "tulip bubble" you have no confidence in. In this manner those who do not appreciate the underlying consensus mechanism will be diluted and replaced over time by those more interested in long term cooperation and building value.

It helps to understand what group selection is. Here is a basic introduction:
https://www.scientificamerican.com/article/whats-good-for-the-group/


What you say doesn't contradict what I'm saying.  You may claim that there is a hard core of "true believers" which ARE indeed a community.  Most probably, yes, there is probably a hard core community of true believers.  However, the questions are:
1) how much of the ecosystem do they make up at any given moment in time
2) what influence can they have on the ecosystem ?

The way bitcoin is designed to be, turns around antagonism: we all want to possess coins, and if you possess a coin, I don't and vice versa, which makes us de facto antagonists ; there is competition in proof of work mining and the gains that go with it ; and deep down, it turns around speculation (which is a zero sum game).   There's nothing in bitcoin that is designed to be cooperative, apart from having to stick to the consensus protocol for reasons of greater loss if you don't.


1) How large is the community of "true believers"?

This is unknown but I suspect the "true believers" control a huge percentage of the bitcoins and this is a good thing.

Bitcoin came on the scene as the obscure technical pet project of idealists, anarchist, open source advocates and libertarians who wanted to improve the world and reform the status quo.

These "true believers" will over time take on an altruistic role to stabilize and maintain the system. If you read my link on group selection above they are the functional equivalent of the fluorescens that maintain the polymer.

2) What influence will these true believers have on the ecosystem?

They will have an ever growing influence because true believers form a large percentage now and they stick around while those who erroneously think this is a zero-sum game are unlikely to enter or will come and go.

Yes there is competition and speculation. These fuel interests and motivate people to enter and explore the ecosystem but they are ultimately secondary. Competition of this kind fuels growth but as bitcoin block rewards dwindle to zero and knowledge of bitcoin becomes increasingly common these speculative opportunities fade unmasking the ever growing network of cooperative win-win interactions that represent the long term value of bitcoin.

Bitcoin is a self reinforcing consensus mechanism that ultimately screens for cooperation. There is a necessity for a degree altruism that is built in. This is most easily seen when looking at nodes. There is no financial incentive for any individual to run a node yet there are thousands of them despite that fact that pure economic self-interest would dictate free riding on someone else's node. The bitcoin consensus system is cleverly piggybacked on a delivery vector of speculation leveraging human greed to attract broad interest while selectively retaining those most interested in long term cooperation.





40. Post 19429224 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.12h):

Quote from: Torque on June 08, 2017, 02:15:45 AM
Luke-Jr has lost his mind:

Quote from: luke-jr
While I don't agree with everything they do/have done, or their approaches, I don't consider Ethereum to be a scam.

Anything claiming to be a "decentralized currency" and then holds an IPO is obviously a scam.  You can't have an IPO for something claiming to be decentralized because nobody controls the money supply of something "decentralized" by default.  It's literally a 1:1 replica of the movie Wolf of Wall Street and nothing more, or the central banker model who issues currency out of thin air for their own benefit.

Well, I kinda agree with you here r0ach.
...

The time is 5:44?





41. Post 19681605 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.13h):

Quote from: CoinCube on June 21, 2017, 03:07:58 AM


so we already got a lot of folks out there screaming that segwit2x is a kind of package, when the first part of segwit seems to be agreed upon; however, the second part of the deal (the 2mb aspect) seems to have contingencies.  So, if it ends up that the second part does not go through, then then a large number of folks will be whining that Core broke the agreement, blah blah blah.. and the 2mb aspect was supposed to be "guaranteed", just like (and maybe even worse) they were mischaracterizing and whining about the Hong Kong agreement. 

Where am I going wrong in my thinking, here?

It's a package deal SegWit first followed by 2MB later. Those signalling are agreeing to activate SegWit and also support a later hard fork to increase the block size.

Now it is true that major players could lie and later retract their support for 2MB sort of a "ha ha I got mine" approach to negotiation but this would be utterly destructive to trust and kill any chance for future upgrades to the protocol for the foreseeable future.

You can't build a consensus on falsehood. Once commitments are made they should be honored. Otherwise it is very bad news for all of us as the consensus system will become nonfunctional.



42. Post 19682201 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.13h):

Quote from: JayJuanGee on June 21, 2017, 03:52:20 AM

You can't build a consensus on falsehood. Once commitments are made they should be honored.

Do you understand the concept of a compound question?

Do you understand the concept of contingencies?

You keep trying to suggest that the situation is cut and dry, and it is not.  There is both a compound subject matter and there are contingencies that are connected with the second part of the implementation that have not been worked out and are subject to mustering support for the testing and for the outcome of the testing leading to the implementation of the second part.


The miners who are signalling NYA should abide by their agreement to support both SegWit and a later unspecified 2MB hard fork. This is essentially a contract if an unenforceable one and following through with ones agreements is necessary to achieve anything in a consensus system.

That said Core had not agreed to 2MB hard fork so they are not bound to this like the NYA signalling folks are.
Thus there will still be a need for further negotiations.

Core will insist on their being the source of code updates and their typical 6 month testing period for new code. The miners will want a fork with some especially Bitmain wanting to use non-Core code and faster roll out time.

The two sides will be so close at this point that fracturing the network as opposed to coming to some kind of agreement would be silly.



43. Post 19682493 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.13h):

Quote from: CoinCube on June 21, 2017, 04:48:28 AM

I continue to wonder why there are so many folks who continue to assert that 2mb is needed and a kind of must and a kind of emergency, without even verifying how segwit plays out.  Causes me to tentatively conclude that there is likely some hidden agenda in regards to such a desire to implement something that really seems to be unnecessary - and whether the implementation of unnecessary is for governance reasons or just some kind of big business reasons seems to escape me.

Most of us are simple bitcoin holders and just want the issue to be resolved.

Most of us do not want the Chinese miners to take over the bitcoin code and trust Core to manage upgrades far more then we trust other groups that do not prioritize decentralization.

For those of us who have educated ourselves on the issue it is clear that a 2MB hardfork is not needed as some kind of emergency solution but it is equally clear that it is needed to maintain overall good will in the community especially the mining community.

Since everyone seems to agree that a blocksize increase will eventually be required as bitcoin grows and most people including core developers feel that the dangers of a single one time increase are manageable I am of the strong opinion that a 2MB hardfork rolled out and deployed by Core using their usual slow and complete vetting process would be far less damaging than telling the miners to go take a hike after SegWit is activated.



44. Post 19701442 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.13h):

Quote from: JayJuanGee on June 22, 2017, 12:39:01 AM

Yeah, but what code is going to be run?

Will it be the segwit tested code or some inferior variation?

It will be hopefully be SegWit activated via Bit 91 which makes SegWit2x and BIP141 (Core Segregated Witness) compatible.

BIP91 activates at an 80% hash threshold and rejects any non-SegWit signalling blocks and is signaled via bit 4 per the Silbert Accord.

Once BIP91 activates it functions like the USAF reject any blocks that do not signal support for SegWit through bit 1. Thus it is compatible with BIP148.

BIP141 is activated through the activation method defined by BIP9. This means that 95 percent of all blocks within a two-week period need to include a piece of data: bit 1

Following BIP91 the longest valid Bitcoin chain will consist of SegWit-signaling blocks only, and all regular BIP141 SegWit nodes will activate the protocol upgrade as the 95% threshold will be activated.

The only folks who would potentially not fall under the umbrella of BIP91 would be miners who opposed both Core SegWit and SegWit2x.

There is a good and detailed writeup in bitcoin magazine by Aaron van Wirdum.

BIP91: The SegWit Activation "Kludge" That Should Keep Bitcoin Whole
https://bitcoinmagazine.com/articles/bip91-segwit-activation-kludge-should-keep-bitcoin-whole/





45. Post 19735321 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.13h):

Quote from: steelboy on June 23, 2017, 03:02:46 PM

Yep, enjoyed that. Smiley


Yes I second that thanks for sharing this 600watt. A thought provoking article on the topic of the evolution of civilization and accounting and how it relates to bitcoin.

The author Daniel Jeffries appears to be a science fiction author, engineer, serial entrepreneur, and now bitcoin commentator which makes for an interesting combination.



46. Post 20964128 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.18h):

Quote from: Elwar on August 17, 2017, 01:28:42 PM
Whoever thinks bitcoin can't be destroyed with ease when it's network traffic isn't even obfuscated should take a look at the case of The Daily Stormer, who big corporations have essentially censored it from the internet in a time span of two days:

https://blog.cloudflare.com/why-we-terminated-daily-stormer/

https://www.rferl.org/a/u-s-neo-nazi-website-russian-domain-daily-stormer/28680409.html

First they came for the nazis, but I didn't speak out, because I was not a nazi.


It also highlights why Bitcoin is so important. Imagine if the jews had bitcoin during WWII.

I actually agree with you on this one r0ach. Although I very much disagree with their views they should have the right to express them.

The original version of your quote by the way was written by Martin Niemöller (1892–1984) who was a prominent Protestant pastor and an outspoken public foe of Adolf Hitler.  He spent the last seven years of Nazi rule in concentration camps.

Fundamentally, there is very little difference between a race collectivist who seeks the extermination of all lesser races by the master race, and a class collectivist who seeks the liquidation of all bourgeoisie and aristocratic classes by the proletarian class.

For those interested in this topic I recommend the following blog.

Deadly Junk Science
http://www.scifiwright.com/2017/06/last-crusade-deadly-junk-science/



47. Post 20986326 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.18h):

Quote from: r0ach on August 18, 2017, 12:57:44 PM
Jews!

For those interested in why r0ach position on this issue lacks insight and is ultimately foolish I would refer you to our prior debate on this topic.
https://bitcointalk.org/index.php?topic=1082909.msg19727955#msg19727955

As this is the Wall Observer thread not the "It's all the Jews fault" thread I will refrain from copying those prior arguments here.



48. Post 21062951 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.18h):

Sold the last of my BCH.
Nice little 17% bump in my BTC holdings.

I am quite pleased  Grin



49. Post 21063419 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.18h):

Quote from: rjclarke2000 on August 21, 2017, 09:22:05 AM
Ok then let me post this and I expect some of you to call me an idiot here but here goes.

I have paper wallets and my plan to get BCH is this...

1. Create new paper wallets and using bitcoin core wallet as a middle man I'll  transfer stash to new paper wallets.

2. Use a BCH software wallet and insert my old private keys (that are now empty)
(Which BCH wallet do I use? Is there more than one?)

3. When I want to trade them, send them to Kraken.

What am I missing?



Edit. Morning JJG!

Just did this myself.

That's looks good. Lots of options for sweeping paper wallets. Simplest for the low tech user is probably the bread wallet app with a smartphone. Electrum on a PC works very well too as long as you are confident the computer is secure.

I used Electron Cash (it's an Electrum clone) to load the BCH once I had moved the BTC to a new address. It went smoothly.





50. Post 21063519 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.18h):

Quote from: kurious on August 21, 2017, 09:36:43 AM

I use Bitcoin Classic as a wallet (on a separate computer) It took ages to sync the blockchain though, days in fact.  

Electrum on an offline computer is pretty secure and you won't have to spend days syncing the blockchain.



51. Post 21069981 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.18h):

Quote from: podyx on August 21, 2017, 01:42:40 PM
Probably gonna see a dip to 3.5k-3.7k

Lots of people moving their bitcoin's from cold storage to claim and often sell their BCH. After that it becomes very tempting to convert some BTC to fiat and take some fiat profits. Much easier to hold when your BTC are in long term storage then it is when they are in a hot wallet right in front of you.

I opted to hold my new BTC but I considered selling some. Many other will sell a bit and probably regret it later.



52. Post 21073182 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.18h):

Quote from: BlindMayorBitcorn on August 21, 2017, 02:52:02 PM
Bob was probably wise to wait to get verified. For the first time I have real money sitting on Poloniex, just waiting for them to go bust. I don't even think the daily limit is real. I was able to withdraw about $800 24 hours ago. Undecided

A friend of mine who is not a US citizen told me he sold his BCH on ViaBTC. He said it worked for him verified him in a few hours and allows for withdraws up to 100 BTC per day. He reported that he converted his BCH to BTC and then withdrew BTC without issue.

I do not know what the volumes are at ViaBTC or really anything at all about the exchange so proceed at your own risk. I am also not sure if they allow US citizens to trade.



53. Post 21078387 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.18h):

Quote from: JayJuanGee on August 21, 2017, 06:16:37 PM

One thing would be to get more BTC with your BCH, another would be to sell part of the BCH into dollars, and another (that you are assuming) is that they are selling more than the BCH dollar amount, which is a bit larger of an assumption....


Does not have to be more. If BCH is being pumped with BTC but the pumpers are using older saved BTC and the sellers of BCH are converting to fiat it could put substantial downward pressure on the Bitcoin price. This is what I think is actually happening but that is just speculation.

Having your funds in long term cold storage can make for a fairly powerful psychological barrier to selling. As holders breach cold storage on a large scale to cash out BCH it will probably will push some people to sell who would not otherwise. How much and how relevant this will be is unknown.

Honestly, given these negative pressures I believe the simple fact that the price has not totally crashed is a very bullish indicator over the medium term. I put my money where my mouth is and I am now 1% fiat 99% BTC and 0% BCH so perhaps that makes me biased  Cheesy



54. Post 21078808 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.18h):

Quote from: rjclarke2000 on August 21, 2017, 07:46:18 PM
Advice on electrum please.

 Is this a good wallet to use to be middle man when creating a new paper wallet?

I.e. Moving coins from one paper wallet to a new one.



Electrum works well for this.

If you are not in a rush you can even load the private keys from the paper wallet directly into the electrum wallet instead of sweeping them and then just pay a single tx fee to move them directly from one paper wallet to another but that process is more complex and takes longer.

Easiest thing to do is to just sweep the private keys into your electrum wallet and then send it on from there to you new paper wallet ie two transactions.

If you are worried about your computer being compromised you can even have an online electrum wallet on your normal PC and an offline electrum wallet on a cheep laptop that only signs transactions and transfer the transactions back and forth from online to offline computer with a USB stick so you private keys are never connected to the internet but that is not required.

Make sure to get the wallet from the official site electrum.org as there is at least one scam site out there peddling malware. 



55. Post 21117996 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.18h):

Will be interesting to see what happens to BCH once the difficulty adjusts way up and (I suspect) it's larger enemies both stop mining it and move to dump the price.

I think we are soon going to see the resolve of the BCH pumpers truly tested.

It only takes six blocks mined every 12 hours to prevent BCH's automatic short term difficulty adjustment.
https://www.coindesk.com/even-miners-hate-bitcoin-cash-might-want-mine/

Disclaimer: I sold all my BCH over the weekend and if I had any more I would probably sell right now.



56. Post 21118208 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.18h):

Quote from: bones261 on August 23, 2017, 02:00:22 AM

The difficulty has already went up for BCH, hours ago. Surprisingly, the average block time has only been about 15 minutes since then. They may be able to go this entire 2016 blocks without the emergency difficulty adjustment kicking in.

Interesting I thought it was later tonight. Maybe things won't play out the way I described above but we will see. I have my popcorn ready just in case.



57. Post 21231145 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.19h):

Quote from: xhomerx10 on August 26, 2017, 01:55:49 PM
Gay frogs; the science - Atrazine induces complete feminization and chemical castration in male African clawed frogs (Xenopus laevis)


All jokes aside this is a very important study that everyone should read.

I have posted my thoughts on it here:
https://bitcointalk.org/index.php?topic=1373864.msg21230736#msg21230736



58. Post 21232064 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.19h):

Quote from: d_eddie on August 26, 2017, 07:57:25 PM
Interesting read. I can't help but be reminded of Base Commander Jack D. Ripper in Dr. Strangelove.

To each his own. It reminded me of the Romans and the great pride they had in their extensive network of lead pipes, lead cooking and drinking vessels and lead based makeup.

Lead in ancient Rome’s city waters
http://www.pnas.org/content/111/18/6594
Quote from: Hugo Delile
By measuring Pb isotope compositions of sediments from the Tiber River and the Trajanic Harbor, the present work shows that “tap water” from ancient Rome had 100 times more lead than local spring waters.



59. Post 21262737 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.19h):

Quote from: Ibian on August 27, 2017, 09:14:43 PM
^^why is this forum so obsessed with jews? ffs.
Because they are the enemy. Literally. They own the banks, which run on principles contrary to bitcoin. The media, which corrupts our culture. The politicians who make the laws. No culture has ever benefited from letting jews live among them, which is why they keep getting kicked out of their host cultures. Hundreds and hundreds of times.

Sigh yet another blame the Jews post. It's oh so easy to lay all the worlds problems at the feet of a tiny minority. If we could just get rid of all those darn Jews everything would be gumdrops and rainbows. Judaism ultimately is a faith not a race and a tiny one at that.

Take the gentleman George Soros who was born Jewish and is commonly singled out as part of the problem.
Here is a video of him discussing the foundations of his beliefs.

https://www.youtube.com/watch?v=mp7G4jgz_2w

There in his own words is the ultimate problem not the Jews or anything else. If you want further details on why this is the fundamental problem I would refer you to my thread on this topic.  

Health and Religion



60. Post 21263006 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.19h):

Quote from: conspirosphere.tk on August 27, 2017, 09:55:48 PM

There is only one single category of humans (?) more despicable than the joos, and that's the shabbos goym.
I feel shame for you.


Reality is reality. Feel free to live in your dream world with your artificial boogeyman you can blame for all the evil in the world. I am not stopping you.



61. Post 21263109 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.19h):

Quote from: Ibian on August 27, 2017, 09:54:54 PM
You are just wrong. There is really nothing else to say.

Ok well we obviously disagree then. In the interest of not excessively trying the patience of those here for BTC discussion I will leave it at that.

I would, however, advise against your strategy of trying to outlast the USA and thus avoid capital gains. Rumors of its impending demise are greatly exaggerated and odds are you will regret this decision sometime down the road.

Edit: Correction looking back I see that you only predicted civil war in the USA and it was someone else who said their investment strategy was to outlast the USA.



62. Post 21263858 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.19h):

Quote from: Ibian on August 27, 2017, 10:35:29 PM
Would you like to address my points? Prove me wrong if you can. Or not, as you please.

Since you asked and the issue is an important one I will do so and ask the forbearance of those here only for BTC market discussion.


Quote from: Ibian on August 27, 2017, 09:14:43 PM
^^why is this forum so obsessed with jews? ffs.
Because they are the enemy. Literally. They own the banks, which run on principles contrary to bitcoin. The media, which corrupts our culture. The politicians who make the laws. No culture has ever benefited from letting jews live among them, which is why they keep getting kicked out of their host cultures. Hundreds and hundreds of times.

If you do not understand what you are struggling against you will waste your efforts in futile and self-destructive measures.

Yes the west is dying especially in Europe and yes our current financial system and media are playing a role in that decay but the underlying cause has little to do with everyone's favorite racial bogeyman. Europe is dying because they have voluntary abandoned the foundation that allowed Europe to rise in the first place. This foundation is not "whiteness".  if you go back in history to the fall of Rome and read about subsequent European development it is clear that the primitive and tribal Europeans lived in a world of utter barbarism. The Europeans were not the highest IQ group nor were they the most technologically developed yet they would go on to lead the scientific revolution and transform the globe. Why is this? The answer is not "white superiority". Europeans are neither the most athletic nor are they the smartest branch of humanity yet European culture would eventually dominated the globe why?

The answer is that the Europeans culture was philosophically sound. They formed a broad consensus around some very specific higher principles which allowed them to organize their societies into ever greater levels of sustainable complexity. This lead to a dominance that lasted for hundreds of years and is only now on the wane.

While it may be true that genetic homogeneity makes it easier to maintain philosophical consensus in the case of Europe the point is moot as Europe abandoned its consensus long ago. The embrace of Leftism and a nonchalance about cultural extinction is understood when one grasps the fact that European culture has been dying for some time. It is easy to rail against the symptoms of decline and look for scapegoats to attack. It is far harder to understand true causes and work towards addressing them especially when addressing the true problem requires people to look within rather then without.

The Jews themselves are actually in a very similar to much of Europe in that a huge number of Jews even wealthy ones have sadly abandoned the philosophical consensus that sustained them for thousands of years. Thus you see the rise of the the Jewish Marxists whom the foolish blame for all of the worlds ills. The sad reality is that some of these Jewish Marxist may be getting rich but they are also dying for like the Europeans they have largely abandoned the bedrock which sustained them. Secular Jews have close to the lowest fertility rate in the world.

American Jewish Fertility by Religious Current
Religious SectAverage No. of Children per Woman
Secular1.29
Reform1.36
Conservative1.74
Modern Orthodox3.39
Ultra-Orthodox6.72

Quote from: CoinCube on November 25, 2016, 02:20:55 AM
Religion and Progress

The greatest obstacle to human progress is not a technological hurdle but the evil inherent in ourselves. Humans have knowledge of good and evil and with this knowledge we often choose evil.

Collectivism exists because it employs aggregated force to limit evil especially the forms of evil linked to physical violence. Collectivism is expensive and inefficient but these inefficiencies are less than the cost of unrestrained individualism. Collectivism aggregates capital for the common good and we are far from outgrowing our need for this.

1.   Prehistory required the aggregation of human capital in the form of young warriors willing to fight to protect the tribe.
2.   The Agricultural Age required physical capital in the form of land ownership and a State to protect the land.
3.   The Industrial Age required the aggregation of monetary capital to fund large fixed capital investments and factories.

A farmer in the agricultural age could achieve some protection from theft and violence by arming himself. He could protect himself against a small hostile groups by forming defensive pacts with neighboring farmers. To defend against large scale organized violence, however, requires an army and thus a state.

In 1651 Thomas Hobbes argued for the merits of centralized monarchy. He believed that only absolute monarchy was capable of suppressing the evils of an unrestrained humanity. He described in graphic wording the consequences of a world without monarchy a condition he called the state of nature.

Quote
In such condition, there is no place for industry; because the fruit thereof is uncertain: and consequently no culture of the earth; no navigation, nor use of the commodities that may be imported by sea; no commodious building; no instruments of moving, and removing, such things as require much force; no knowledge of the face of the earth; no account of time; no arts; no letters; no society; and which is worst of all, continual fear, and danger of violent death; and the life of man, solitary, poor, nasty, brutish, and short. - Thomas Hobbes Leviathan

There may well have been a time in human history when the absolute monarchy of Hobbes was the best available government but Hobbes was writing at the end of that era. England had been transformed from a nation almost completely conquered by the Odin worshiping Great Heathen Army of 865 to a country that protected the legal rights of nobles in the Magna Carta of 1215 to a devoutly Christian nation that formalized the rights of judicial review for common citizens in the 1679 Habeas Corpus act. Hobbes had failed to appreciate the growth of moral capital that allowed for superior forms of government with increased freedom.

Our forefathers understood that it is morality and virtue that allows for freedom a lesson many today have forgotten.

Quote
"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." - Benjamin Franklin

“Is there no virtue among us? If there be not, we are in a wretched situation. No theoretical checks, no form of government, can render us secure. To suppose that any form of government will secure liberty or happiness without any virtue in the people, is a chimerical idea. If there be sufficient virtue and intelligence in the community, it will be exercised in the selection of these men; so that we do not depend upon their virtue, or put confidence in our rulers, but in the people who are to choose them.” - James Madison

“Of all the dispositions and habits which lead to political prosperity, religion and morality are indispensable supports.” - George Washington

In human interactions we often face a choice between cooperation (reaching a mutually beneficial exchange) and defection (advancement of ourselves to the detriment of our fellow man). The nation state, police, and laws suppress physical violence but do nothing to maintain the morality and virtue that sustain freedom. Collectivism limits some avenues of defection while opening entire new possibilities. New opportunities for defection arise along the entire economic spectrum. Everything from special interest lobbying, to disability scammers, and on a larger scale our entire fiat monetary system are essentially forms of defection allowing the few to profit at the expense of the many. Nation state collectivism has allowed for the creation of great civilizations and yet is entirely unsustainable in its current form.

Quote
"our Western civilization is on its way to perishing. It has many commendable qualities, most of which it has borrowed from the Christian ethic, but it lacks the element of moral wisdom that would give it permanence. Future historians will record that we of the twentieth century had intelligence enough to create a great civilization but not the moral wisdom to preserve it." - A.W. Tozer

The perishing of Western civilization, however, does not mean fragmentation and collapse. Indeed in this instance the opposite appears to be true and collapse looks set to drive us via economic fundamentals and debt into a single world government paradigm for reasons discussed at length elsewhere.

The evolution of the social contract is a progressive climb to higher potential energy systems with increased degrees of freedom. The state of nature begat tribalism. Tribalism grew into despotism. Despotism advanced into monarchy. Monarchies were replaced by republics. It is likely that in the near future republics will be consumed by world government, and perhaps someday world government will evolve into decentralized government.

Each iteration has a common theme for each advance increases the number of individuals able to engage in cooperative activity while lowering the number of individuals able to defect. Each iteration increases the sustainable degrees of freedom the system can support. Moral capital is the foundation that allows this progress to occur. For this reason ethical monotheism is the single greatest contributor to human progress from any source since human culture emerged from the stone ages.

Quote
"Nature is amoral. Nature knows nothing of good and evil. In nature there is one rule—survival of the fittest. There is no right, only might. If a creature is weak, kill it. Only human beings could have moral rules such as, "If it is weak, protect it." Only human beings can feel themselves ethically obligated to strangers.
...
Nature allows you to act naturally, i.e., do only what you want you to do, without moral restraints; God does not. Nature lets you act naturally - and it is as natural to kill, rape, and enslave as it is to love.
...
One of the vital elements in the ethical monotheist revolution was its repudiation of nature as god. The evolution of civilization and morality have depended in large part on desanctifying nature.
...
Civilizations that equated gods with nature—a characteristic of all primitive societies—or that worshipped nature did not evolve.
...
Words cannot convey the magnitude of the change wrought by the Bible's introduction into the world of a God who rules the universe morally." - Dennis Prager

The utopia of limited to no government would only be possible for a population constantly striving at all times to be moral. Such a utopia would require all individuals to always act cooperatively, honesty, and transparently. We lack the required moral fiber for anything like this to work at our current juncture in history.

See: Freedom and God for more.





63. Post 21264289 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.19h):

Quote from: kurious on August 27, 2017, 11:05:43 PM
It's noble to at least try.  You are not the only one sickened at the rampant right wing, Neo-Nazi, antisemitic bile on here.

I have tried to stand against it, but they won't change. I realise you feel the need to point out this view is plain sickening, nonsensical and historically false.  However, these people live in a bubble of ignorance where the holocaust didn't happen and Hitler 'wasn't all bad' and no one where they live has challenged their twisted views of reality.

I have seen r0ach willing on the 'Second holocaust' on here and no one spoke up, bar me. Shocking it is and so speaking up is right.  America is fucked if this is this is a level of debate that is even tolerated, but I guess you realised that, if you have spotted the irony of a nation of immigrants being so intractably racist. Voting for a leader who is a essentially a white supremacist withe temperament of a thin-skinned five year old proves it.

I am sure this may make me persona non grata here, but if they can say what the hell they like - no matter how evil or pro-genocidal - then others are free to say just how much they disagree and indeed hold their views in contempt.


Kurious it may surprise you to know that I voted for our president and am a supporter  Wink

There is a lot of anger on the right because they see that their quality of life is declining and they often do not understand why. The best strategy is to engage with extremist on both the left and the right challenge their ideas while forcefully condemning violence. It is violence and suppression of freedom especially freedom of speech that must be opposed.  Both the extremist Nazi groups and the extremist Communist groups are more or less the same in their tendency to resort to violence as they would never be able to impose their ideology on society without it. This equivalence is lost on most.


Deadly Junk Science
http://www.scifiwright.com/2017/06/last-crusade-deadly-junk-science/
Quote from: John C. Wright
Junk science leads to more Junk Science leads to death.

The clearest example of Junk Science turning deadly is Trofim Lysenko.

Lysenko was Stalin’s director of the Soviet Union’s Lenin All-Union Academy of Agricultural Sciences. He rejected Mendel’s theory of genetics. He also rejected Darwin’s theory of natural selection, not on the grounds of being unsupported by evidence, but instead on the grounds of being “being foreign, impractical, idealistic and a product of “bourgeois capitalism.”

He proposed instead that evolution was based on cooperation and group struggle rather than the “bourgeois” notion of competition between individuals.

He held to Larmarckian that organisms evolved through the acquisition of traits that they needed and used (as when a giraffe, by stretching its neck to get leaves, actually made its neck lengthen and that this longer neck was then somehow passed on to offspring).

On this basis Lysenko boasted of being able to turn wheat into rye in a few years, to turn spring wheat into summer wheat and to be able to use the principles of material dialectic to get organisms to cooperate rather than compete.

Scientists who disagreed or showed insufficient enthusiasm were sent to jail, gulag, or firing squad.

The net result was that Russia, which had been a wheat exporter, went heavily into debt buying wheat from the United States, and went into a famine.

Millions died.

The race science of the National Socialist German Worker’s Party is the most notorious example of Darwinism run amok.

The idea here is that Darwinian competition between breeds of man produces an invariable conflict no peace can solve; that, indeed, such a peace is not desirable, as it will lead to a degeneration of the breeding stock; and that the competition has brought out higher and lower forms of human life, that is, Untermensch and Übermensch the slave races and the master race.

The theory from this concludes that one’s political loyalties and general worthiness as a human being spring from one’s genetic code, not from one’s political beliefs. Your skin color is your uniform. The fact that Cassius Clay (Negro) and Cat Stephens (Caucasian) are both Mohammedans, whereas Saint Kateri Tekakwitha (American Indian), Saint Paul (Jew), Saint Justin Martyr (Greek) and Saint Augustine of Hippo (North African) are all Catholic is a fact this theory cannot explain and cannot brush aside. Apparently the fact that one’s values, virtues, and habits of thought come from one’s genes is taken as a given, and the fact that these things come from one’s religion, or the religious background of one’s upbringing even if one is an atheist, is ignored without being addressed.

Race science is a crass attempt to solve the paradox of nature versus nurture merely by denying that upbringing and education have any effect on the human animal, that free will plays no part in one’s personality and loyalty. Race science merely decrees nature the sole sovereign of destiny.

That led to the extermination not only of appalling and astronomical numbers of Jews and Gypsies, but also of Catholics. Apparently genetics is passed through the Eucharist, according to the wonder science of the Left.

An aside: Those who believe that the Nazis were creatures of the Right rather than the Left are using a deliberately misleading classification. Leftists regard all who oppose Communism as one party, whether they be monarchists, republicans, libertarians, anarchists or totalitarians.  Since the National Socialists of Germany, the Fascists of Italy, and the International Socialists of Russia and China use identical means (propaganda and violence) to pursue identical goals (collectivist secular totalitarianism) and differ only in their uniforms and buzzwords, I suggest the debate about classification is fraudulent.

To be sure, whether one is a race collectivist who seeks the extermination of all lesser races by the master race, or one is a class collectivist who seeks the liquidation of all bourgeoisie and aristocratic classes by the proletarian class, may seem like a big difference to the twin brothers during their murderous struggles with each other. I am sure that a male rhino can tell the difference between a pretty female rhino and a plain one as well.

To the Christian, who believes that God gave the right of life, liberty and property, with the concurrent rights of freedom of conscience and the right to self-defense, to individuals first and foremost, I only care that I have a large bore rifle handy to shoot the rhino as it rampages, pretty or plain.

So it is with the various forms of Leftism. You may debate the Linnaean classifications of the various forms of political insanity involved if you wish. Which side is the Devil’s party is not under debate: merely count the number of piles of innocent dead bodies in mass graves, or cooked in furnaces, or unburied. You may use units of ten thousand per pile for ease of calculation. End of aside.

In America, the most persistent scientific fraud, working far more damage even than the many eco-hoaxes and enviro-scares of the modern Marxist attack on the West, is the Kinsey Report on human sexuality, which was used as the intellectual justification for the disaster known as the Sexual Revolution. Kinsey published two books: Sexual Behavior in the Human Male (1948) and Sexual Behavior in the Human Female (1953). He met all criticism of his methods and findings by pretending that the objections were moral and ethical, hence were mere superstition and prejudice, whereas he was engaging in honest science. The findings were clear. The debate was over.

However, the findings were absurd on their face, claiming that seven out of ten men had slept with prostitutes, that half of all married men were adulterers, four out of ten males were homosexual, and one out of ten exclusively homosexual, and on and on. Of course, it was soon shown that his sample relied disproportionately on prison inmates, including those jailed for sex offenses, college students, and members of homosexual clubs and associations. The whole thing was Junk Science from start to finish, the Kinsey’s so-called research institute was just a swinger’s club where the ‘researchers’ staged orgies and swapped wives.

The junk science was again deadly, for the Sexual Revolution ushered in the abortion cult, which has consumed more innocent blood than ever the Aztecs spilled across the stepped pyramids of Mexico.

The junk science of environmental scaremongering has its death toll as well, when deaths from diseases carried by insects that could be easily and harmlessly killed by DDT continue to mount, when deaths from the poor freezing to death in Northern Europe, allegedly in civilized nations, when energy costs have been driven up by a jihad against coal and petrol. And, of course, the coal miners who die because atomic energy plants are never more erected in America are all preventable deaths due to environmental alarmism. Likewise the automobile injuries and deaths produced by the government mandating the creation of unsafe, lightweight cars to achieve unrealistic and artificial mileage-per-gallon standards.

There are pools, lakes, and oceans of innocent blood on the hands of all these ignoramuses and willfully ignorant cultists who worship science rather than understand science. The question is why we have for so long tolerated this deadly self-imposed blindness, insanity and hysteria?




  



64. Post 21264792 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.19h):

Quote from: Ibian on August 27, 2017, 11:28:39 PM
<snipped to save space>
I see nothing objectionable there, at least nothing worth making an argument of. But if we are looking at core issues, then we are looking at the cultural cycle which is driven by the amygdala.

When cultures rise they are majority K and largely homogeneous. This is necessary for them to rise in the first place, as a homogeneous population is a high trust population, which is required in order for a culture to operate under the rule of law and philosophical principles.

But cultures eventually peak. They defeat all their enemies and expand their borders as far as they will go, people become wealthy and decadent and intellectual and the next generation is weaker than the previous. After the peak comes the decline.

A culture in decline is majority r, as is the case now. One common trait of declining cultures is multiculturalism. The old values are not enforced, which enables foreigners to take over.

Jews, having no country of their own, have to live in a host culture. And only declining cultures allow that. This is why they actively work to undermine their society. They can only exist in a declining culture which will inevitably destroy itself, at which point the jews move on to another host culture. They are not the direct cause, but they do further the speed and severity of the decline and makes it harder to turn things around (which, as far as I know, has never successfully been done - I only know of a single example where the decline never set in, due to some very specific circumstances which can not be replicated today).

They are parasites, in the literal sense, and no culture has ever benefited from hosting them. If you or anyone else has an example to the contrary, I would like to hear it.

The bolded portion above is the most important. What allows a population to have a high degree of trust which is required in order for a culture to operate under the rule of law and philosophical principles.

Here an answer provided by Bruce Charlton that I agree with. I will just post links this time so I don't get more angry messages about walls of text.

Religion as the proximate method of Group Selection in humans - implications of its removal
http://iqpersonalitygenius.blogspot.com/2015/11/religion-as-proximate-method-of-group.html?m=1

Is it true that Man is a primarily religious being?
http://charltonteaching.blogspot.com/2017/06/is-it-true-that-man-is-primarily.html

In regards to parasitism I would simply argue that you are looking at the symptom and not the cause. Once a culture loses its identity and degenerates into a free for all of every man for himself before the house burns down the highest IQ individuals in that population will rise to the top and grab the most for themselves if they are not restrained by a moral code that prevents this. There is little doubt as to which population has that highest IQ in the world.

That said in regards to what benefit Jews have provided to the west the answer is quite a lot. Tremendous scientific achievements have been accomplished by Jews. On a deeper level Monotheism itself has its roots in Judaism and this is arguably responsible for society as we know it. I explored that point further here:
https://bitcointalk.org/index.php?topic=1578467.msg15852496#msg15852496




65. Post 21265108 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.19h):

Quote from: conspirosphere.tk on August 28, 2017, 12:07:26 AM
That said in regards to what benefit Jews have provided to the west the answer is quite a lot. Tremendous scientific achievements have been accomplished by Jews. On a deeper level Monotheism itself has its roots in Judaism and this is arguably responsible for society as we know it. I explored that point further here:
https://bitcointalk.org/index.php?topic=1578467.msg15852496#msg15852496

monotheism is possibly the biggest problem we have, because there are several, and other reasons. But since you must be a jew, let me fuck you off once again.

Actually I am not a Jew. I have 0% Jewish DNA for those who mistakenly think Judiasm is a race and I am not a convert.

I used to be a secular atheist before I realized that position was logically untenable. See CoinCube Highlights for how I came to this conclusion.  Now I am an unaffiliated ethical monotheist who has not yet figured out what faith I fit best into.

If it makes you feel better it is possible I could someday be a Jew years from now. Modern Orthodox Judaism is a very logical faith and their lifestyle is very healthy. That said I do not know that I could handle the massive lifestyle changes such a faith would entail and I have little interest in the other branches of Judaism.

In regards to your personal comments. I will simply reply to you with your own words.


Quote from: conspirosphere.tk on August 26, 2017, 10:25:51 PM
Indeed. I reached the stage where I expect to bring most of my coins to hell with me,



66. Post 21265220 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.19h):

Quote from: Ibian on August 28, 2017, 12:11:37 AM

Yeah, religion is super important. Nietzsche predicted that replacing religion with secularism would lead to pretty much what happened a century later. But religion requires ignorance, and we simply know too much now. Not gonna come back in our time.

And this probably also has to do with the cultural cycle. A rising culture is a united one, and nothing unites people like religion. r's, on the other hand, are individualistic and so have less need for religion.

And yes, it is true that jews helped invent some stuff. But the advanced technology we have today is also one of the factors in our decline. It makes life easy, and it is an easy and safe life that turns people into r's. And I question the overall benefit of the nuclear bomb.

Where we appear to differ is in the assumption that knowledge is somehow at odds with faith.

Here are some arguments that may change you mind.
The More Rational Model



67. Post 21265292 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.19h):

Quote from: conspirosphere.tk on August 28, 2017, 12:31:36 AM
If it makes you feel better it is possible I could someday be a Jew years from now. Modern Orthodox Judaism is a very logical faith and their lifestyle is very healthy.

Really? I don't think that they accept any new entry if your mother is not jew, even if you hack your dick. I thought about this move myself in order to gain a second passport, but it seems that only russian mafiamen are allowed in.

No you can convert but its a lot of work and involves significant lifestyle changes.

I have hijacked the Wall Observer thread quite enough for one day so I will now bow out of this discussion. Thank you all for your patience I felt this was too important an issue to leave unchallenged even if it was off topic.



68. Post 21265749 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.19h):

Quote from: conspirosphere.tk on August 28, 2017, 12:54:16 AM
Don't worry, this is the general purpose thread where anything happens. But if you manage to become a jew please let us know how.
KThx

I can't quite tell if you are serious or not.

Its not some sort of secret society it's a religion. I am not trying to convert but the steps are well known for those with genuine interest.

http://www.wikihow.com/Convert-to-Judaism



69. Post 21265880 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.19h):

Quote from: infofront on August 28, 2017, 01:18:21 AM
Guys, I converted to Judaism today. After the ceremony, I was handed a kilo of gold, paid for by the blood and sweat of the goyim. Immediately after, I received my job offer from Goldman Sachs, and I was handed an invitation to the Bilderbergs.

But none of this has anything to do with the reason I converted. I did it for the jokes!

Sigh... 



70. Post 21266101 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.19h):

Quote from: Ibian on August 28, 2017, 01:27:07 AM

It is. Knowledge defies faith, which is why god went poof in a cloud of logic.

Just skimmed that link and not gonna bother with it, except for this little tidbit: "Our model explains things such as why stars look fair and beautiful to our eyes when it serves no credible Darwinian purpose to do so."

Yes it does. Stars are not dangerous to us so there was never a reason to develop a negative reaction to them, and we like sparkly things. Probably because water is easier to find when it reflects light, water being required to survive. And of course we use them to navigate, probably since millions of years ago. Stars benefit our survival.

That seems trivial to me, which is why I will assume the rest is as well.

I am actually sympathetic to your position as I was a strong agnostic/atheist for most of my adult life. I ended up that way by reading the Old Testament and being turned off by the barbarism of those times. That combined with a very skeptical personality and exposure in my youth to a disproportionate number of inarticulate religious folks set me on a 20 year path of firm agnosticism. I viewed the religious as foolish holding quaint but outdated and untrue views.

It took me the better part of a quarter century before I gradually realized that the inarticulate bumpkins of my youth despite their lack of sophistication were more or less correct and it was I with my smug intellectual superiority that had adopted the untenable position.

I reached the conclusion not due to any great spiritual event or conversation but the application of logic and consequence. Below is the logic that pulled me away from agnosticism. It is essentially an essay divided into 6 parts.

Since you have adopted the position you have I recommend reading it if for no other reason then to understand the logical basis of an opposing view.  

Health and Religion
Religion and Progress
The Nature of Freedom
The Beginning of Wisdom
Faith and Future
The More Rational Model



71. Post 21267409 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.19h):

Quote from: xhomerx10 on August 28, 2017, 03:09:35 AM
Moderator Image

Haha ok I will take that as I sign that patience with my off topic conversation is running low.

No more off topic posts from me.



72. Post 21267786 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.19h):

According to Google Trends google the search frequency for the term Bitcoin is highest right now in Bolovia and Nigeria and there has been a slight drop in the total number of searches for the term Bitcoin.

https://trends.google.com/trends/explore?q=bitcoin

 



73. Post 21303012 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.19h):

Quote from: Denker on August 29, 2017, 07:26:19 AM
Just a heads up -- there seems to be a concerted effort going on right now by some well known YouTube crypto personalities to promote and pump every crypto BUT Bitcoin. I'm not going to name names, but I'm sure you can figure out who.

I've long suspected that either these guys 1) are secretly being paid off by unknown entities, 2) are true patsies being manipulated by the "powers that be" to steer their followers away from Bitcoin, or 3) all of the above.

Stay vigilant my friends.  Wink

I recognized this as well. You don't want to name a name. well then I will do. The first one was that Crypt0s guy who suddenly starts to pushing Bcash. But not just that, he also started bashing Bitcoin and reading out comments about Blockstream etc. which can easily be put into conspiracy land!! Even his followers were surprised he is doing this, as he generally claims to represent objective news. Cheesy
To me it's obvious these guys were offered some nice amount of money to push certain coins, as they show some never seen before behaviour, a complete 180°. I mean we've seen pushing and pumping altcoins before, that's not new. But this dramatic change by some Youtubers is sooo obvious!

To accumulate a major position in BTC you have to induce current holders to sell.

You can do this by raising your offering $ price but this is expensive and if the price goes up too quickly people start holding their BTC rather then selling making it ever more expensive.

For a large player it might be cheaper to induce some artificial FOMO among BTC holders. Promote an altcoin as the next big thing pump the nominal price up on low volumes and then try to convince BTC holders that they need to take a stake in it to diversify their crypto holdings or risk missing out.




74. Post 21322124 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.19h):

Breaking News:

According to BitcoinMeister the next 'friendly' BTC fork is on the way called Bitcoin Gold.
Video info here
https://www.youtube.com/watch?v=eAukxlpwyHg

GPU mined bitcoin fork with POW change to GPU originating from China.
Competitor to BCH and maybe Etherium later.

Sold my BCH for a nice 17.2% dividend that was an easy call. This one might be a harder call. Could pull some interest away from ethereum once ethereum goes proof of stake.

Team behind the bitcoin gold project will implement replay protection and are pro core according to the video which is interesting.



75. Post 21323137 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.19h):

Quote from: gentlemand on August 29, 2017, 07:21:03 PM

Even if it is 'friendly' it's still not helpful.

And it also has the magic three letters of I C & O

http://btcgpu.org/

I am not so sure about that. The more you have folks in China, Africa, North Korea or wherever creating random and shady forks the more it focuses draws peoples attention to who is doing responsible development that is thoroughly and openly vetted and who is staging hostile takeover attempts.  

In the long run this kind of stuff will probably strengthen the position of the core developers.



76. Post 21382758 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.19h):

Quote from: empowering on August 31, 2017, 02:15:32 PM
...I wonder how market will react at $4800



GS will probably sell a bunch during a period of low volume to trigger a dip. They have a reputation as to uphold after all.

I doubt the dip will last very long.



77. Post 21396476 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.19h):

Quote from: BobLawblaw on September 01, 2017, 01:22:53 AM
This guy accidentally flashes his stash and everybody loses their shit. Grin I guess all the whales are over here.

9 BTC ? What a poor.

The U.S Bureau of the Census has the annual real median personal income at $30,240 in 2015.

9 BTC is a fair amount over that.



78. Post 21481856 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.19h):

Quote from: becoin on September 03, 2017, 07:34:16 PM
Who sold at the bottom?


I bought at $4,600

PBS is putting out specials on bitcoin.
https://www.reddit.com/r/Bitcoin/comments/6xssq4/pbs_just_made_a_great_bitcoin_video/

Forbes is writing articles titled: Bitcoin Is The New 'Gold'
https://www.forbes.com/sites/panosmourdoukoutas/2017/08/30/bitcoin-is-the-new-gold/#6537f84c3b36

ZeroHedge: is openly speculating that a bitcoin ETF will be approved sooner than is commonly expected.
http://www.zerohedge.com/news/2017-09-01/bitcoin-surge-new-record-highs-above-4800-amid-renewed-etf-hope

Not a good time to sell imho



79. Post 21489583 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.19h):

Quote from: pitham1 on September 04, 2017, 05:42:42 AM

Most people are already all in - In terms of the maximum exposure they would like to take towards Bitcoin. But if it goes below $3000 again, I am sure they will tweak their asset allocation given the good opportunity they see.

Most people here on this forum perhaps but that's not most people.
There is a flood of passive money just waiting to pour into BTC once it becomes easy enough.

Just look at the premium on the Bitcoin Investment Trust (GBTC) it was recently trading at premium of 101.6% higher than the actual market value of the bitcoin it holds. I think $4,500 will be considered cheap very soon dispite the massive recent gains as more options for the general public open up which is inevitable sooner or later.

I certainly won't be selling.



80. Post 21507475 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.19h):

Quote from: Icygreen on September 04, 2017, 03:30:26 PM
Bought @ 4200  Grin

There is a $200 spread now between buying on Gemini which necessitates having fiat on an exchange and buying on the Coinbase app which lets bigger players instantly buy up to $25,000 and have it deducted from their bank accounts the next weekday. Bodes well for tomorrow's prices imho.

Quote from: mikenz on September 04, 2017, 04:03:47 PM
Quote
Sure, I could have made a lot of money from ETH but it would have meant compromising my ethics.


Yeaaah. Sure. We're all here for the ethics right.

 Grin Grin Grin

Some of us are.



81. Post 21512555 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.19h):

Quote from: HanvanBitcoin on September 04, 2017, 06:28:44 PM
$3500 would be nice to be able to buy back in  Grin

Possible but I doubt it will drop that low. This ICO clampdown crash panic reminds me of the panic after Silk Road was shut down by the Feds. At the time the forum was full of people proclaiming doom as the "only real market" for Bitcoins was gone.

Check out the price action on October 2 2013 if you want to know how that played out. ICO clampdown is good for BTC and the market will figure that out sooner or later.




82. Post 21513636 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.19h):

Quote from: x2666 on September 04, 2017, 07:56:48 PM
There's a big, smart short with pockets deeper than a whale puss that's gonna wreck any futile attempts at recovery.

It's just the way it is. Don't shoot the messenger.

The problem for the big pocketed folks is that unlike the gold futures market or the stock market you can't naked short BTC. You actually have to have some to sell or borrow.

This makes the market much harder to control hence the weekend/holiday attempts when people can't get fiat onto an exchange.



83. Post 21514276 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.19h):

Quote from: x2666 on September 04, 2017, 08:18:10 PM

What does the weekend even do to keep people from "getting fiat onto an exchange"? I've never understood this. Any wire will have to be sent days in advance anyway.

I know this may be crazy to conceive but have you possibly thought that there are people who both own a lot of BTC and a lot of fiat? I know, crazy right? Who'd think that the two would be in any way correlated.

Only those lacking in IQ leave a large amount of money on an exchange if they don't plan to actively trade with it. I have both fiat and Bitcoin very little of it is on an exchange.

I could move my BTC onto the exchange right now in response to a market change. For fiat the banks are closed until tomorrow in the USA.

This dynamic makes it easier to push the price down on weekends and holidays. If you want to get a sense of how much of this is going on compare Gemini exchange which requires wired funds with Coinbase app which allows you to buy straight from a checking account and is one of the only weekend/holiday fiat on-ramps.

As of this post
BTC Gemini is $4240
BTC Coinbase app is $4523

Almost a $300 spread. Actual spread is over $300 after Coinbase fees.



84. Post 21514978 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.19h):

Quote from: conspirosphere.tk on September 04, 2017, 09:00:19 PM

yes, but you can short BTC with leverage, even high, almost naked. And if you have deep pockets or a money printer you can short forever. But I guess that now the lizards are undecided between milking and killing crypto.

There are limits. Most exchanges don't allow shorting. Those that do have a limited amount of BTC they can lend out. These limits won't be noticed by the small players but are very real for a larger player trying to move the market.

This is different from other markets where unlimited naked short selling is allowed and overlooked.



85. Post 21551833 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.20h):

Nice Article on BTC by Seeking Alpha:

Why Bitcoin Is The Investment Of The Decade
https://seekingalpha.com/article/4104272-bitcoin-investment-decade

Argues for a mid 2018 value of $6000




86. Post 21574379 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.20h):

Bitcoin is dying again.

Bitcoin... the beginning of the end
http://www.marketwatch.com/story/bitcoin-ether-and-other-cryptocurrencies-may-be-seeing-the-beginning-of-the-end-2017-09-06

Quote from: x2666 on September 04, 2017, 07:56:48 PM
There's a big, smart short with pockets deeper than a whale puss that's gonna wreck any futile attempts at recovery.

It's just the way it is. Don't shoot the messenger.

So please sell all your bitcoins preferably on a weekend and during the next short attempt at a 25-35% discount.

Be afraid be very afraid. Pay no attention to adoption or fundamentals.

Bitcoin Exchange Coinbase Hits 10 Million Users
https://www.google.com/amp/s/www.cryptocoinsnews.com/bitcoin-exchange-coinbase-hits-10-million-users/amp/
Quote
Now, Coinbase has surpassed 10 million registered users. In the last three weeks of August, the bitcoin exchange added an astonishing 800,000 users.

Don't think to hard about the fact that there are currently only 16.5 million bitcoins worldwide and that Coinbase alone has 10 million users adding just shy of a full million new members in a single month.

Sell all your bitcoins right now this very second.

Fear... Uncertainty... Doubt

(A message from your favorite local investment bank which will kindly help you out and buy your dying investment from you because they are motivated by goodness and altruism.)



87. Post 21589277 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.20h):

According to Adam Meister Bitcoin Gold GPU fork will happen on October 1st.

https://m.youtube.com/watch?v=ZklF5IsHxXg



88. Post 21589628 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.20h):

Quote from: BlindMayorBitcorn on September 07, 2017, 04:12:27 AM

Bitcoin Cash was a sophisticated, well-funded attack. These hobos couldn't even shell out for an english translation.

Yep

I wonder what the peak will be. Hard to be too upset about free BTC.




89. Post 21608852 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.20h):

Quote from: BobLawblaw on September 07, 2017, 12:07:33 PM
How the fuck are RogerBucks up 15% over the last 24 hours.

Lunacy !

Someone is hemorrhaging a lot of bitcoin to make that happen. Depending on the will and the depth of their pockets it is certainly possible there will be another attempt to push BCH to 0.2 but it would be very expensive.

It's not that complicated really. At this point Jihan Wu and Roger Ver likely have a million or so BCH between them. It is a centralized project managed by a single developer under the overall control of Bitmain.

This conclusion is obvious from the BCH developer interview here:
https://bitcoinmagazine.com/articles/future-bitcoin-cash-interview-bitcoin-abc-lead-developer-amaury-s%C3%A9chet/

It would be a trivial matter in the future for the Chinese government to pressure Jihan and force modifications to the Bitcoin Cash code.  Thus Bitcoin Cash has no real independence from government and is not decentralized.




90. Post 21610741 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.20h):

Quote from: gentlemand on September 07, 2017, 04:35:39 PM
Someone is hemorrhaging a lot of bitcoin to make that happen. Depending on the will and the depth of their pockets it is certainly possible there will be another attempt to push BCH to 0.2 but it would be very expensive.

Why assume it's a couple of sinister puppeteers when it's just as much your bog standard alt pumpers?

It's probably both. But the price charts of BCH/BTC look to me like someone is controlling the price.

Compare for example the BCH/BTC chart at Bitmain's exchange ViaBTC against any coin that floats freely against BTC like Litecoin or ETH. Notice the lack of variability in the BCH/BTC charts especially the lack of spikes down compared to the number of brief recurring spikes up.
https://www.viabtc.com/quot/realtime?currency=btc&dest=bcc&chart=simple

Given the volumes involved if the price is being supported it would take big pockets to do so. There are a couple of folks on record with the ideological and financial interests to do something like that.

Just my 2 cents on the market I have no definitive proof.



91. Post 21617033 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.20h):

Quote from: jbreher on September 07, 2017, 08:10:38 PM
Thirdly, Jihan has (at least to my knowledge) no direct involvement in any of the code implementations for node/wallets that run the Bitcoin Cash chain. How is he going to make any changes that would be enforceable on the community? The very idea is absurd.

The Future of “Bitcoin Cash:” An Interview with Bitcoin ABC lead developer Amaury Séchet
https://bitcoinmagazine.com/articles/future-bitcoin-cash-interview-bitcoin-abc-lead-developer-amaury-s%C3%A9chet/

Quote
Bitcoin Cash is the realization of the “User Activated Hard Fork” (UAHF) that was first announced as Bitmain’s contingency plan ...

A lot of people contacted us and wanted to launch Bitcoin Cash.

“Random” people? Or also companies, miners or perhaps well-known individuals in the space?"

All of the above. But I do not wish to mention anyone specifically. Some, like ViaBTC and OKCoin have gone public. If others want to do that too, they'll have to do it themselves.

Sorry I forgot it was just "random people" who contacted Amaury Séchet and got this thing started.

I am sure "random people" have no control over its development.

Interesting I understand "random people" also have a significant financial stake in ViaBTC which was the first exchange to publicly push BCH.

So much randomness



92. Post 21620848 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.20h):

Quote from: jbreher on September 08, 2017, 12:14:10 AM

So I'm still looking for some explanation as to how Jihan might be able to enforce his nefarious goals upon the populace.

Simple you centralize control of the protocol via regular mandatory hardfork and back up those hardforks with overwhelming hashing power. You also start off slow with multiple non-controversial changes to acclimate the community to your control.

The lead developers of bitcoin cash calls even calls himself "benevolent dictator".

Amaury SECHET
Bitcoin ABC Benevolent Dictator
https://www.linkedin.com/in/deadalnix

Here is an article that discusses this further

Bitcoin Cash May Fall Victim to Centralized Control by Developers
https://themerkle.com/bitcoin-cash-may-fall-victim-to-centralized-control-by-developers/



93. Post 21622846 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.20h):

In other news

A Tokyo-listed company is spending over $300 million to get into bitcoin mining
https://qz.com/1071926/japans-gmo-internet-group-plans-a-300-million-investment-in-bitcoin-mining/

Quote
GMO plans to develop its own mining chips, claiming they will operate at an unprecedented degree of efficiency. If GMO successfully introduces the chips, it would trigger an arms race within the bitcoin mining industry. The proposed chips will use 7 nanometer nodes, which would be four times more energy efficient than the current industry standard 16 nm nodes.



94. Post 21649312 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.20h):

For those who decide to cash out during this weekends dip don't hold onto that fiat too long.

Central Banks Have Purchased $2 Trillion In Assets In 2017
http://www.zerohedge.com/news/2017-09-08/central-banks-have-purchased-2-trillion-assets-2017



95. Post 21657553 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.20h):

Looks like Equifax will be buying 600 bitcoin soon.

Alleged Equifax hackers demand $2.6 million Bitcoin ransom — or else..
https://www.google.com/amp/mashable.com/2017/09/08/equifax-hackers-bitcoin-ransom.amp
Quote
That's according to an onion site, whose authors insist that if Equifax forks over 600 Bitcoin — approximately $2.66 million at the time of this writing — then they'll delete all the stolen data. Oh, and Equifax better decide quickly, because if the ransom isn't paid, the self-identified hackers say they'll dump all the data on September 15th.  

Well, almost all of the data. The supposed hackers wrote that they won't publicly post credit card numbers—suggesting an intention to get some illicit use out of those.

"We are two people trying to solve our lives and those of our families," the site explains. "We did not expect to get as much information as we did, nor do we want to affect any citizen. But we need to monetize the information as soon as possible."

After all when you are dealing with a potential 70 billion dollar liability what's another 2.5 million to try and staunch some of the bleeding.

Equifax hit with $70 billion class-action lawsuit after massive hack
https://www.google.com/amp/mashable.com/2017/09/08/class-action-lawsuit-equifax-breach.amp



96. Post 21849535 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.21h):

Quote from: El duderino_ on September 14, 2017, 09:49:45 PM
I don't know Why but i Just want to make same ATH guess like last time
Rules ....: the one  with the right date of ATH gets .25 btc paid directly  (UTC time)    (closest to ATH.....)
I look to Every page in here from now When a date is picked first iT cannot been taken again ( 1st =1st)
Another .25 btc is rewarded for ho makes best of technical analyse of the time When we strike ATH.... and Why iT happens at that time.....


I like this game.

Date December 18 2017

Reason: Chinese exchanges minus ICOs will reopen in November or Early December. In addition Bitmain will grudging fall into line with Core having been spooked by the People's Republic of China and suddenly finding the prospect of "controlling" bitcoin less attractive.  This combination will spark the next major bull run.

My random speculation for the day.



97. Post 21915278 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.21h):

Quote from: LewisPirenne on September 17, 2017, 02:32:32 AM
https://twitter.com/btcdrak/status/908998917995552776

This is annoying even if unverified.  Now supposedly the Great Firewall of China is supposed to block all foreign BTC exchange.
For those who can read Chinese and something not discussed in that thread, there is a note inside that document about how
to use Layer 1 firewall to stop Bitcoin client updating the blockchain, prevent synchronization, and miner contributing to the
distributed ledger.  

I am not a technical person, but can Blockstream type satellite/lnb setup be blocked by the Great Firewall?  Though supposedly
Blockstream only beam the block headers, would it be useful for mining pool to use it to sync and broadcast to the network?
It would be really bizarre (not to mention karma) if Antpool had to work with Blockstream to bypass Great Firewall of China.   Roll Eyes

That tweeted image may be from 2015. See the first reply to that tweet.

Even if it is recent anyone can type something like that up. Smells like weekend FUD to me.



98. Post 22088731 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.21h):

Quote from: Meuh6879 on September 21, 2017, 10:17:13 PM
Look at this : China lose less ! GAP decrease ...




Why is it so expensive to buy bitcoins in Canada?



99. Post 25427088 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.29h):

Quote from: El duderino_ on November 29, 2017, 10:47:07 AM


Before everyone dumps their BTG, can we atleast try to see it surpass bcash

Deal.

I’m in 🤪

Count me in as well



100. Post 26452129 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.33h):

Quote from: BobLawblaw on December 16, 2017, 07:44:40 PM
We most likely will. But hey, if in 30 years time we don't, I'll send you a full bitcoin in appreciation of an uneventful life. How's that sound?

Let us hope these forums, and both of us, are around in 30 years, then.

Sounds like a nice resolution to me.

Since there was a discussion of conservative vs liberals above as well at the trotting out by others of all the usual scapegoats here is a short little video clip that describes the fundamental difference between the right and the left.

https://www.youtube.com/watch?v=GPVDfhXQfw8&app=desktop



101. Post 26452842 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.33h):

Quote from: Ibian on December 16, 2017, 08:30:43 PM
We most likely will. But hey, if in 30 years time we don't, I'll send you a full bitcoin in appreciation of an uneventful life. How's that sound?

Let us hope these forums, and both of us, are around in 30 years, then.

Sounds like a nice resolution to me.

Since there was a discussion of conservative vs liberals above as well at the trotting out by others of all the usual scapegoats here is a short little video clip that describes the fundamental difference between the right and the left.

https://www.youtube.com/watch?v=GPVDfhXQfw8&app=desktop

Nope. Fuck off.

Yep. That's how it is.

Sorry you don't understand.

No worries most people don't.



102. Post 26455273 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.33h):

Quote from: realr0ach on December 16, 2017, 09:17:13 PM
Since there was a discussion of conservative vs liberals above as well at the trotting out by others of all the usual scapegoats

All that exists in reality is natural selection and evolution....


This core assumption of yours is false. However to show that to be the case is a deep philosophical discussion that would be entirely off topic in this thread.

Very briefly and borrowing the words of Bruce Charlton who is more articulate on this topic then I am.

"Most mainstream metaphysical assumptions are incoherent wrt. epistemology. As examples:

If natural selection is assumed metaphysically true, as the only and sufficient explanation of Man; then human reason must be a product of natural selection; which means that human reason can never know anything (because natural selection is about differential fitness, not about truth).  

If it is assumed that the universe is assumed to be a combination of randomness and determinism; then we personally could never know this - because we personally would be a combination of randomness and determinism and could never know anything. The universe might actually Be random/ determined - but if so, we personally could never know that."

A more detailed analysis of this point for those interested in this topic can be found here:

Metaphysics comes before Epistemology
http://charltonteaching.blogspot.com/2017/12/metaphysics-comes-before-epistemology.html?m=1




103. Post 26466746 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.33h):

Quote from: Ibian on December 17, 2017, 05:05:13 AM

Sounds like a nice resolution to me.

Since there was a discussion of conservative vs liberals above as well at the trotting out by others of all the usual scapegoats here is a short little video clip that describes the fundamental difference between the right and the left.

https://www.youtube.com/watch?v=GPVDfhXQfw8&app=desktop

Nope. Fuck off.
To clarify, now that I'm less tired and (slightly) less drunk. Some of what he says is legit enough, but the difference is even more basic than that. Lefties are losers. They want to rely on the state for all their needs, while righties prefer freedom and open competition, even if they lose in the end.

And apologies for the fuck off. That was not entirely called for.

Apology accepted. No worries.



104. Post 26467104 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.33h):

Quote from: Syke on December 17, 2017, 05:13:35 AM
righties prefer freedom and open competition, even if they lose in the end.

Open competition is great for the 1% that are already rich.

Ultimately the goal is to maximize voluntarily cooperation aka maximize freedom.

Competition's role is to optimize the efficiency of that cooperation over time.

Most of the 1% stay that way by leveraging involuntary consensus mechanisms the most powerful being our government backed debt based financial system.
 
Some of my prior posts on this topic:

Religion and Progress

The Nature of Freedom

Finance: Part 1, 2, 3



105. Post 29662105 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.42h):

Here is a news article that covers the probable underlying cause of this drop.
Their price predictions are likely overly bearish but otherwise I found it interesting.

Bitcoin could fall below $5,000 if this report on a mysterious cryptotoken is right
https://qz.com/1196866/bitcoin-prices-could-be-40-lower-because-tether-propped-it-up/

That said I wired some money to my BTC exchange today. I am going to try and time the bottom of this one.



106. Post 34175076 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.51h):

Quote from: El duderino_ on April 07, 2018, 04:43:11 PM
very quick short list  for a small "game list" or how i have to call it..... only  when breaking 12288 dollar price.....  almost same rules as the list before just a winning date AND
                                                                                                                                                                                                                                              .15 BTC for correct date
                                                                                                                                                                                                                                              only accounts with minimum 5 Merit and 20 activity (last time to many new pop't up Roll Eyes  )
                                                                                                                                                                                                                                              LIST CLOSES tuesday 12 CET allways CET time  no execptions
just for quick enjoyment

normal tommorrow i look @the dates.... firts one posted has the choosen date , some one with the same date have too take another one so look out a bit....
DATES sended in PERSONAL MESSAGE will    NOT count

let us break back 5-digits


March 7th, 2018



107. Post 34351348 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_15.51h):

Quote from: El duderino_ on April 09, 2018, 09:04:16 PM

07/03/2018 CoinCube  Sad


Typo on my part here. I meant 2019 not last month.  Cheesy



108. Post 48202801 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_16.15h):

Quote from: bitserve on November 25, 2018, 04:22:22 AM
I see most everyone here is bearish.

So I need to ask, how many of you have basically hodl from the ATH till now.

I will start: I have basically hodl all the time and the little in comparison that I was selling I used to rebuy in the way down. Not a single $ withdraw back to my bank account, not now, neither in 2013/14. Of course I could easily withdraw the total I invested right now if I wanted to, obviously I am not underwater at all, but that's not the question.

I would like to get a better picture of what the average situation is in that regards.

I sold some on the way up but not much this year..

Accumulated in the $250-$1900 range.
Sold some on the way up largest chunk at $3,800 some higher in hindsight too early but I did ok.

Still hold just shy of 50% of my peak BTC holdings. I am short term bearish but not selling at these prices.

Current conditions remind me of the slow crash following the decline from $1000 to around $300. I suspect further capitulation spikes down followed by a long grind and slow climb out that I think will take as least as long as that earlier recovery and probably longer.

I won't be selling more because I think the long term future is very bright, but if I needed the money in the next 24 months I would probably sell what I needed on Monday or Tuesday evening asap but not during a holiday weekend crash.

Just my thoughts but I am no expert.




109. Post 48203287 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_16.15h):

Quote from: bitserve on November 25, 2018, 05:22:39 AM

Thanks for the detailed reply. Yeah, what you say is perfectly reasonable among the possible scenarios.

Also it seems, that even if you sold some substantial part of your stash on the way up, you mostly didn't take advantage of the opportunity of $10K+ to $19K... as I suspect is the case of most here.

I sold a little in that range but my overall average sell price was somewhere around 6.5k.

That felt terrible when BTC shot up to near 20k right after I sold.
Now not so much.

I am confident the day will come when I feel terrible about selling at that price again.

I just think it will take a little while.



110. Post 48203571 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_16.15h):

Quote from: Ibian on November 25, 2018, 05:49:23 AM
Divorce is the leading cause of suicide for men and the divorce rate is well north of 50%. No fucking way.

Then there is all the ridiculous stuff. Nevermind the pandemic of false rape charges, a woman is suing a man for "stretching her vagine with his unusually large dick so it has become loose". This shit is only going to get worse, and so will the divorce laws, which is also to say, the divorce incentives.

There is no doubt that divorce is very bad news. However, it is a risk which can be minimized.

Quote from: CoinCube on December 11, 2016, 08:12:36 AM

Married Couples Who Attend Church Services Together Are Less Likely to Divorce
http://www.christianpost.com/news/married-couples-who-attend-church-services-together-are-less-likely-to-divorce-study-171853/
Quote

Married couples who attend church services together are more likely to live longer, are less likely to be depressed, and less likely to get divorced, according to a new study conducted by a professor at the Harvard School of Public Health.

The study, titled "Religion and Health: A Synthesis," conducted by Tyler J. VanderWeele, professor of epidemiology at the Harvard School of Public Health, noted that religious service attendance is connected to "better health outcomes, including longer life, lower incidence of depression, and less suicide," the Institute for Family Studies noted on Tuesday.

According to the study, religious service attendance is also "associated with greater marital stability — or more specifically, with a lower likelihood of divorce."

Married couples who attend religious services are 30 to 50 percent less likely to get divorced than those who do not, the study asserts. Such couples are also nearly 30 percent less likely to be depressed and, over a 16-year follow-up period, were shown to have significantly lower risk of dying.

...

Though some might criticize the marital stability data by suggesting that those contemplating divorce might be more likely to stop attending religious services, the researchers took that into account.

By looking into the timing of changes in religious service attendance, VanderWeele said, "we were able to control for this possibility, and the results persisted: those who attended religious services were 47 percent less likely to subsequently divorce."

"Religion is, of course, not principally about promoting physical health or decreasing the likelihood of divorce, but about communion with God," he said, and efforts to commune with God have "profound implications for numerous other aspects of life, including health and marriage."

While Christians understand and interpret the word "religion" and everything it entails differently than academic researchers, the operative definition VanderWeele posits for the study is: "the pursuit of complete human well-being: physical, mental, social, and spiritual."

Taken together, "religion is about both communion with God and the restoration of all people to their intended state of complete wholeness and well-being. The evidence suggests that it can indeed accomplish both," he said.

...

"The religious community provides social support, a constant reinforcement and reminder of the religious teachings, family programs, and a communal worship and experience of God. I would not say that good marriages need a community to thrive, but it certainly does help!"

Also further improvements in ones odds can likely be obtained if one chooses a spouse with an understanding of what matters most in life.

https://www.prageru.com/courses/life-studies/what-matters-most-life



111. Post 48203772 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_16.15h):

Quote from: Ibian on November 25, 2018, 06:03:07 AM
No. Just no. There is no way to credibly reduce the risk to something even approaching acceptable levels.

It's all about incentives. Women, especially the women we have today, don't actually have the ability to love like they did a few generations ago. It's all about immediate incentives, little things like taking half of everything you own plus future income plus money for the children that can be spent in whatever way she wants. It's the entire system that's fucked.

Well I am happily married for 11 years now so I am biased. Nevertheless, a 47% reduction in divorce risk is substantial. I was impressed when I came across that study. Combine that strategy with a prenup and I think the risk is manageable even if you have money if one seeks out character over aesthetics.

Everyone has there own risk threshold's for these things.



112. Post 48204367 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_16.15h):

Quote from: Ibian on November 25, 2018, 06:15:47 AM
Prenups are worthless, and you can't trust numbers like that. But even if this particular number is true, you still need to ask the question "compared to what?". The odds of a fresh marriage today surviving for ten years, in the form of an intact marriage, is about 3%. So with your religious reduction, that still leaves us over the 50% mark. You have better odds betting everything you own at the casino. Literally. And I use literally in the correct way here.

Disagree about the numbers part.
Risks can be dramatically reduced far beyond 50%.

You just have to choose your spouse wisely when selecting a partner.
Check out these divorce statistics they vary dramatically based on several factors.

https://www.wf-lawyers.com/divorce-statistics-and-facts/


U.S. DIVORCE RATE BY OCCUPATION

Professions with highest divorce rate:
*       Dancers – 43
*       Bartender s- 38.4
*       Massage Therapists – 38.2
*       Gaming Cage Workers – 34.6
*       Gaming Service Workers – 31.3
Professions with lowest divorce rate:
*       Farmers – 7.63
*       Podiatrists – 6.81
*       Clergy – 5.61
*       Optomitrists – 4.01
*       Agricultural Engineers – 1.78


Among the population segments with the lowest likelihood of having been divorced subsequent to marriage are Catholics (28 percent), evangelicals (26 percent),
upscale adults (adults making more than $75000 annually) (22 percent), Asians (20 percent) and those who deem themselves to be conservative on social and
political matters (28%).

Just group a bunch of low risk factors together.
For the absolutely lowest risk marry a conservative religious Asian girl who is highly educated.

Risk then is probably less then 20%.





113. Post 48204586 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_16.15h):

Quote from: Ibian on November 25, 2018, 06:48:09 AM
Let me just make something clear, for the record. I am not against marriage in principle. If we were still religious and it was a purely cultural function, it would be fine. It used to tie people together. But as it exists today it is a legal contract with the state, and it incentivizes women to divorce.

I am also not against family. Because I have one. It's a very necessary thing. But the laws in the west today, and the US especially, are such that it is a suicidally stupid thing to do.

I understand your position and agree that the risks are very real and the consequences extreme if one chooses poorly which a majority do.

I just disagree that the risks cannot be navigated if one is careful.

That said I married a highly educated Asian girl and we go to church together every week so I admit that my perspective may be a bit different then the average.



114. Post 48204889 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_16.15h):

Quote from: Ibian on November 25, 2018, 06:53:21 AM
You are defending something indefensible. It has to work for the majority, or the system is broken.

Not defending anything really. The system is indeed broken. Our challenge such an environment is to live the healthiest life possible despite an ill culture. That is no easy task when our environment is more or less toxic and our culture desperately ill.

I understand why many men choose not to marry for some that may be the best course especially if ones partner is the more material type or prone to the temptation of leveraging state power against their partner.

I just don't think that is the only or the best solution to the problem unless one has already committed to a partner that for one reason or another is not marriage material in the current legal climate.



115. Post 48283569 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_16.16h):

Quote from: realr0ach on November 28, 2018, 01:15:32 AM

While this whatever the fuck Israeli or Arab semite girl tends to have more rodent-like, animal features, but with lighter skin:



You don’t have to be a monster or a madman to dehumanise others. You just have to be an ordinary human being.


The Essence of Evil
https://aeon.co/essays/why-is-it-so-easy-to-dehumanise-a-victim-of-violence
Quote
In Germany, Jews were labelled Untermenschen (subhumans) and were likened to vermin, maggots and disease-transmitting parasites. Half a century later in Rwanda, Hutu génocidaires referred to their Tutsi quarry as cockroaches and snakes. This year, the Israeli Prime Minister Benjamin Netanyahu characterised the Palestinian killers of three abducted Jewish teenagers as predatory beasts (an epithet that he did not apply to the Jewish extremists who burned a Palestinian boy alive in retribution). ‘They were kidnapped and murdered in cold blood by animals,’ he said. ‘Hamas is responsible and Hamas will pay.’

What is the common element in all these stories? It is, of course, the phenomenon of dehumanisation. But this is neither recent nor peculiar to Western civilisation. We find it in the writings from the ancient civilisations of Egypt, Mesopotamia, Greece and China, and in indigenous cultures all over the planet. At all these times and in all these places, it has promoted violence and oppression. And so it would seem to be a matter of considerable urgency to understand exactly what goes on when people dehumanise one another. Yet we still know remarkably little about it.
...
We dehumanise other people when we conceive of them as subhuman creatures. Dehumanisers do not think of their victims as subhuman in some merely metaphorical or analogical sense. They think of them as actually subhuman.
...
This pattern of thinking has been reproduced with spine-chilling fidelity across time and space, and from one historical epoch to the next



116. Post 49621953 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_16.30h):

Quote from: bitserve on February 07, 2019, 04:57:31 AM
I think I have "capitulated".

No, I haven't sold. Any. There's no point for me to do that... not at this price, not at any price. But I am slowly losing hope I will see Bitcoin recovering its previous heights. It's more like I have accepted to ride this thing to hell.

Normally I would consider that feeling to be a great contrarian indicator... so bullish. But when I say I am losing hope I really mean it this time. (I) Never before felt like this.

I am struggling to post this or not. But it wouldn't be honest not to share my feeling just to avoid the (probably justified) critic/flame.

I wish to be wrong though. Would even wish for a pump right after I press the "Post" button.

I have never sold a single Bitcoin (trading doesn't count) but now I am starting to understand why some people finally "break".

Still struggling to post..... but will do it, just don't be too hard on me and my current negative view... maybe it is really even a good thing if there's more people feeling the same... or maybe not. Whateva.


* THIS IS NOT FINANCIAL ADVISE, IT'S JUST ME SHARING SOME THOUGHT/FEELING.... MOST PROBABLY COMPLETELY WRONG... HOPE SO.


I don't expect an immenent pump. I suspect Bitcoin is probably going down more. It will be a fantastic buying opportunity.

Nothing has changed in the fundamentals. Bitcoin remains a revolutionary technology that allows ownership of wealth and transfer of value without intermediaries. There is no comparison or real alternative out there for those looking for what it offers. The nations of the world continue to debase their currencies at an unprecedented rate. Socialism is rising everywhere and with it increasing wealth confiscation. That will sooner or later turn ever larger numbers of people to Bitcoin It's just a matter of time.

Bitcoin simply climbed too high too fast on the wild dreams of those who wanted to get rich quick without working and almost all of the forks and altcoins were worthless from the moment of inception and the market is slowly figuring that out. All that is lost for the moment is the get rich quick vibe. The value investor is and will step in at this and lower prices. Bitcoin's long term potential remains quite compelling.



117. Post 50860918 (copy this link) (by CoinCube) (scraped on 2020-04-04_Sat_16.44h):

Quote from: BTCMILLIONAIRE on May 02, 2019, 04:35:47 AM

Let's assume that we now live in a world without central banking. I am the first person to create a bank.

People deposit their money with me for safe-keeping because I have state-of-the-art impenetrable security. I now realize that people only use 50% of the funds during peak load.

Meanwhile, businesses ask me for loans so they can eventually turn them into profits.

Once you promise your depositors that can withdraw their money at any time while simultaneously lending that money out in the “hope” most of your depositors won’t ask all ask for their money at once you have committed fraud. You have made a series of promises you cannot honor if unfavorable circumstances arise. If you are smart you will bribe the politicians to make the scheme legal. If you are smarter you will get the government to backstop the fraud when inevitable bank failures occur putting the taxpayer on the hook.

I wrote a series of essays on the topic a while back if you are interested.

Finance: Part 1, 2, 3