Quote from: RAJSALLIN on April 02, 2014, 06:59:06 PM

Edit: about Gold. Do you know what Armstrong is predicting? Several years ago he said $5000 was likely but then when all the gold bugs started attacking him after gold turned in 2012 he seemed to not want to make any new clear predictions.

I am going to exceed my 10 per day limit, so I better make this the last post and go eat/sleep.

He is still calling for gold to blast off after Sept 2015. For his Pi = 3.1459 computer model that correlated all of the world's historical cycles, 2015.75 is when this current economic bounce in the USA peaks and we turn down over a cliff much worse than 2008. But this time, the Fed won't bail out any banks, instead it will be bail-ins (confiscations from depositors and bankruptcies of pensions) and thus gold will do the opposite of what it did in 2008 and skyrocket. Gold is out of favor right now, because the USA is improving (due to capital flows escaping developing world bond markets and rushing back to the dollar safe haven as BRICs are collapsing as we speak).

Quote from: jmw74 on April 02, 2014, 07:07:49 PM

Quote from: AnonyMint on April 02, 2014, 06:31:32 PM

I've had this argument a zillion times. It is boring already. I don't feel like repeating myself on the details on how the mass switch you expect can't change the outcome. Go on in your delusion about the lack of effects from centralization. When you wake up one day with government regulation of 51% of the pools and owners of ASICs and your coins are blacklisted, don't come whining to me.

I'll offer you two sentences.

If necessary SWAT teams show up at physical locations where the bulk of the ASICs are since for example one miner has 10% of network hash rate all in one location in East Washington. But most non-personal miners wouldn't need to physically persuaded, a regulation is all that is needed to compel them to comply.

A cpu-only coin won't have this problem. The government can't regulate millions of individual miners. Whereas, Bitcoin is fucked.

You are hilarious. When we were talking about co-opting bitcoin, I was hopelessly naive for thinking the government can't pull it off. But if we use a CPU-only coin, then the government is suddenly hapless and helpless? That is a hoot.

Intel and AMD are both in the US. The government is already known to slap secret court orders on companies just like them to keep their mouths shut. You are the one who's hopelessly naive if you think that buying CPUs is harder for them than making a huge spectacle of raiding miners' datacenters.

Besides, a CPU-only coin is a figment of your imagination, there's no such thing. All known hashing algorithms can be sped up with specialized hardware, and there's little reason to think this doesn't apply to all algorithms in general.

There is no solution to this kind of POW attack. Bitcoin is about as good as it gets. If you want to defend against 51% you need some other mechanism like proof of stake.

I love these boastful, overconfident people who think they know computer science better than me (which I have been doing for 30 years on and off). It is going to be fun watching them react soon. I am going to especially enjoy seeing Risto react since he was given every early opportunity and expected 30% share. No way Jose. I didn't need you Risto, it was about friendship and doing the right thing for humanity. It was about sharing excitement and creating something. But you are not capable of leading because you are into something about Bitcoin. I can't really determine where your mental perspective originates from. I thought maybe pride, but based on your recent comments maybe it is just you can't see what I see. You are speculator, it is all you know. You'd better to play Dominion while we nerds do other things.