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Author Topic: Price speculation  (Read 3646911 times)

cryptoscout

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Re: Price speculation
« Reply #23460 on: June 27, 2015, 09:13:41 pm »

Not sure what your speculating but I am watching the Parliament live on TV right now and they are going for Vote if to Agreed or not Agreed to the Eurogroup terms.

What I am saying is nothing is decided as they still haven't had that crucial meeting.



Prime minister of Greece just announced a bailout referendum for next Saturday 5th July.
At the same time, BTC price spiked..     :D

Oh well, a 1% BTC bump. Even with the Forex markets closed till Sunday night.

"the Greeks - of which 80% want to stay in the Euro even as 80% want an end to austerity..."

What a shocker, 80% of Greeks demand a Free Lunch...
And another shocker, Tsipras was elected to make difficult decisions based on a VERY specific platform...
But when the going gets tough, Tsipras abdicates leadership and calls a referendum.

Of course, Zero Hedge hails him as a Hero and lionizes a Deadbeat State as the pinnacle of principle...
But EU has pretty much decided to pull the plug... and let the Greek standard of living find it's natural level 30-50% lower.

this is an excellent demonstration of an infested vision of reality, implanted by
endless repeated half truths, garnished with optimized semantical blurrings  and
finaly proudly delivered by main stream media to those, who needs their daily dose
of misery to compare/adjust the own one, while keeping them busy to last longer.

it is highly unworthy what so called 'western community of values' doing in greece.

Oh, nonsense. You come across like an anti-civilization Russian troll.

https://www.transparency.org/cpi2014/results

The Corruption Perception Index, shockingly, is a very good indicator of state success AND quality of life...
With democratic, well-managed, great-place-to-live states clustered near the top...
And failed or totalitarian or bankrupt or undeveloped states clustered at the bottom.

Greece has slide to last place in terms of corruption within the Eurozone (on par with India or Brazil or Serbia)...
And, also, has a massive tax evasion problem described by Greek politicians as "a national sport"... with 25% of the economy underground.

https://en.wikipedia.org/wiki/Tax_evasion_and_corruption_in_Greece

This simply does not square with membership in the EU... so it will end...
And Greece will default... and their assets will magically get a 50% haircut when forcibly converted to drachmas...
Just like what happened in Argentina in 2001.

As someone who's actually lived in the world's ultimate failed state (Ukraine)...
Corruption and criminal culture come FROM THE TOP DOWN...
Where a political elite of 5,000 people feel entitled to systematically rape a country of millions of people...
Something that is impossible to comprehend by comfortable, distant armchair anarchists.

-------------------------------------------------------------------------------------------------

Bitcoin may be mired in the mid-200s because it's just a hipness thing with "Westerners" (like an Apple Watch)...
But it's really becoming a type of "reserve currency" almost on par with gold in truly DESPERATE hot spots...
See Eastern Ukraine (war + >> 1 million displaced people)... and the rapidly developing Greek crisis.

thx for confirmation. it seems you are pretty well informed with
all these great resources (links) in your post but on the other hand,
isn't this not the precise definition for a comfortable, distant, armchaired
pseudo analyst, just refering to external sources?

however, i am more than sure, that i have lived in (and traveled) much more
countries on this planet than you will ever be able, greece included ofc.
besides this you know nothing, nada from me.

what surprised me is that some allowed, that the first reality check will be
made by greece. even with this news, i can't believe they let greece go and
do this economical nuke check. greek people are the most unsuitable for this
due to their high political awareness and i am sure they will find a way to
prevent this. soon we will know how, just a matter of nice selling semantics.
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LocoMB

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Re: Price speculation
« Reply #23461 on: June 28, 2015, 06:57:52 am »


Oh, nonsense. You come across like an anti-civilization Russian troll.

The 'Russian troll' meme is a construct of NATO war propaganda against Russia.

Quote
https://www.transparency.org/cpi2014/results

This displays US and western countries as clean and corruption clean. Totally moronic nonsense  ;D


Quote
https://en.wikipedia.org/wiki/Tax_evasion_and_corruption_in_Greece

Wikipedia is not a reliable source of information.


Quote
As someone who's actually lived in the world's ultimate failed state (Ukraine)...
Corruption and criminal culture come FROM THE TOP DOWN...
Where a political elite of 5,000 people feel entitled to systematically rape a country of millions of people...
Something that is impossible to comprehend by comfortable, distant armchair anarchists.


Where in Ukraine have you lived?
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90E54E5B5213290EE616D425CADC473038CFABFA53C913271AA8559D1937DC4AF3A354A9E4E5

xcn

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Re: Price speculation
« Reply #23462 on: June 28, 2015, 08:50:19 am »


Oh, nonsense. You come across like an anti-civilization Russian troll.

The 'Russian troll' meme is a construct of NATO war propaganda against Russia.

Ukrainian butthurt with Russia is a common little brother thing.

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ThomasVeil

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Re: Price speculation
« Reply #23463 on: June 28, 2015, 02:01:17 pm »

Short clip of why Facebook managed to beat Friendster and MySpace: https://www.youtube.com/watch?v=zVIhUVid4fA

So NXT has an opening with Bitcoin's recent inability to adapt. I'm just not sure if we're ready.
Two days ago I was getting the latest standard client and the blockchain from peerexplorer. It was 22 hours old. It took more than 5 hours to update the blocks. I don't think any wider audience can handle that. And mass use would make it worse.
We could promote the usage of light clients like the jaywallet - which IMO works fantastically. Though I don't know if that would be good for the network.
« Last Edit: June 28, 2015, 02:04:02 pm by ThomasVeil »
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xcn

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Re: Price speculation
« Reply #23464 on: June 28, 2015, 02:02:48 pm »

Short clip of why Facebook managed to beat Friendster and MySpace: https://www.youtube.com/watch?v=zVIhUVid4fA

So NXT has an opening with Bitcoin's recent inability to adapt. I'm just not sure if we're ready.
Two days ago I was getting the latest standard client and the blockchain from peerexplorer. It was 22 hours old. It took more than 5 hours to update the blocks. I don't think any wider audience can handle that. And mass use would make it worse.

jnxt.org/nxt + NXTVault - is very good!

wider audience doesn't need to install a java node.
« Last Edit: June 28, 2015, 02:07:01 pm by xcn »
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ThomasVeil

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Re: Price speculation
« Reply #23465 on: June 28, 2015, 02:57:12 pm »

Short clip of why Facebook managed to beat Friendster and MySpace: https://www.youtube.com/watch?v=zVIhUVid4fA

So NXT has an opening with Bitcoin's recent inability to adapt. I'm just not sure if we're ready.
Two days ago I was getting the latest standard client and the blockchain from peerexplorer. It was 22 hours old. It took more than 5 hours to update the blocks. I don't think any wider audience can handle that. And mass use would make it worse.

jnxt.org/nxt + NXTVault - is very good!

wider audience doesn't need to install a java node.

Then maybe we should link that as the default - so that new users have the best and safest experience.
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Tosch110

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Re: Price speculation
« Reply #23466 on: June 28, 2015, 03:20:02 pm »

When I do what you have described above (install my node from scratch and have an existing copy of the blockchain. no matter if its 22 hours or a week old), it takes me around... 10 minutes.
We have around 719 blocks a minute downloading speed (thats ~ 1 day), usually a bit faster.

So my assumption would be that you have copied your blockchain in the wrong folder...?

lurker10

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Re: Price speculation
« Reply #23467 on: June 28, 2015, 03:22:43 pm »

Short clip of why Facebook managed to beat Friendster and MySpace: https://www.youtube.com/watch?v=zVIhUVid4fA

So NXT has an opening with Bitcoin's recent inability to adapt. I'm just not sure if we're ready.
Two days ago I was getting the latest standard client and the blockchain from peerexplorer. It was 22 hours old. It took more than 5 hours to update the blocks. I don't think any wider audience can handle that. And mass use would make it worse.

jnxt.org/nxt + NXTVault - is very good!

wider audience doesn't need to install a java node.

Then maybe we should link that as the default - so that new users have the best and safest experience.

If it took you 5 hours to update just the last 22 hours of blocks, something is wrong with your computer or internet connection. My computer takes ~5 min to update the last 24 hours of blocks, and it's not a hi-end laptop at all. Promoting a light client will weaken the network even more, it's already weak according to peerexplorer stats. The number of nodes in Dash network is 10x that in NXT network, that's a disturbing number.
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viennavtc

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Re: Price speculation
« Reply #23468 on: June 28, 2015, 03:41:58 pm »

what's up with the crappy Supernet dollar price along with the crappy volume?  needs to head north.
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jl777

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Re: Price speculation
« Reply #23469 on: June 28, 2015, 04:58:12 pm »

what's up with the crappy Supernet dollar price along with the crappy volume?  needs to head north.
Sorry about that, the BTC price dropped about 50% against fiat, so even though SuperNET price is more than double in NXT terms and double digit gains in BTC terms, it is lower in USD terms.

However, no SuperNET was sold for USD.

wait! I will double BTC price to fix this problem. thanks for finding this bug

James
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TwinWinNerD

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Re: Price speculation
« Reply #23470 on: June 28, 2015, 05:16:18 pm »

I am doing a very big giveaway for the launch of ToTheMoon.me!

https://bitcointalk.org/index.php?topic=1102726.0

MrCluster87

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Re: Price speculation
« Reply #23471 on: June 28, 2015, 05:23:41 pm »

Greece: First ever Greek Bitcoin ATM installed in Athens suburb: https://www.youtube.com/watch?v=1TmPU3ii_uE

Cassius

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Re: Price speculation
« Reply #23472 on: June 28, 2015, 05:28:13 pm »

Greece: First ever Greek Bitcoin ATM installed in Athens suburb: https://www.youtube.com/watch?v=1TmPU3ii_uE

There is some irony that you need to put cash into these. Their timing could be better.
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ThomasVeil

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Re: Price speculation
« Reply #23473 on: June 28, 2015, 05:32:50 pm »

When I do what you have described above (install my node from scratch and have an existing copy of the blockchain. no matter if its 22 hours or a week old), it takes me around... 10 minutes.
We have around 719 blocks a minute downloading speed (thats ~ 1 day), usually a bit faster.

So my assumption would be that you have copied your blockchain in the wrong folder...?

Hm, then something must have gone wrong - thinking about the numbers now, it probably downloaded the whole chain - though I'm sure i used the right folder.

Promoting a light client will weaken the network even more, it's already weak according to peerexplorer stats. The number of nodes in Dash network is 10x that in NXT network, that's a disturbing number.

Do you think 5 hours for the whole chain would be fine for new users? What if we have Bitcoin-like transactions?
I don't know if we should even advertise the direct blockchain-download for security reasons.
It's just generally not ideal right now - and not quite ready for prime time.
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tribbles

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Re: Price speculation
« Reply #23474 on: June 28, 2015, 05:38:36 pm »

*
« Last Edit: July 12, 2015, 07:57:52 pm by tribbles »
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MrCluster87

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Re: Price speculation
« Reply #23475 on: June 28, 2015, 06:01:44 pm »

Ulterior States [IamSatoshi Documentary]: https://www.youtube.com/watch?v=yQGQXy0RIIo

alxx77

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Re: Price speculation
« Reply #23476 on: June 28, 2015, 06:07:28 pm »

I think that default client should be some lite client...

We MUST understand that most of the people just want to USE the currency/assets/platform in most simple way that is possible, not to mess with nodes..

They don't want to bother with setting up full node, downloading entire blockchain, install java... first they just want to see what is NXT and maybe try it a bit, but if that means that they will have to spend 2 hours messing with some very technical stuff  they will probably just go away...

So, it is probably much, much better to promote some lite client...

We must realize that not everybody is familiar with cryptoworld in way most of us here are... and many people DON'T want to get familiar with it, they just want to use it...
Entry barrier should be lowered to the maximum possible extent...  we need more users... when we have more users, the financial incentive for running full nodes will then be there...

So let's promote lite clients..!  ;D

P.S.

I just actually wanted to say that that there are consumers of cryptoservices and entrepreneurs in crypto and we should give adequate product to each group... because NRS and lite clients have totally different purposes...


« Last Edit: June 28, 2015, 06:27:33 pm by alxx77 »
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barbierir

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Re: Price speculation
« Reply #23477 on: June 28, 2015, 06:23:00 pm »

Hi, I'd like to know if fast&easy offline signing like this is already possible? Or is anyone working on something like it? From what I've been able to understand by reading about Jay, it's almost all there except for the camera reading part, isn't it?



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tribbles

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Re: Price speculation
« Reply #23478 on: June 28, 2015, 06:28:08 pm »

*
« Last Edit: July 12, 2015, 07:58:03 pm by tribbles »
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alxx77

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Re: Price speculation
« Reply #23479 on: June 28, 2015, 06:31:36 pm »


...

P.S.

I just actually wanted to say that that there are consumers of cryptoservices and entrepreneurs in crypto and we should give adequate product to each group... because NRS and lite clients have totally different purposes...
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