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'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
Both LTC and BTC popping upwards.
Even if there was a chance of a big double top at $315, I don't think there would be enough ammo to take it down. Seems as if a handful of whales are in control of the majority of available coins and they don't plan on selling here.
Where is the rest of RPF?
I want more rich libertarians in here. You really want Nasdaq, NYSE and Goldman Sachs to be alone at the top again?
How do you place your stop loss limits?
I'm still around, lurking.
Not wanting NYSE/Nasdaq to be alone at the top isn't necessarily a good reason to invest in crypto. That said, I am invested in crypto and have been holding mostly BTC for awhile now, and am also holding a smaller amount of DASH, LTC, and XCP which I think are all likely to follow BTC possibly several times over in either direction. I do think more people need to get into crypto for the sake of crypto though and not for the sake of technical analysis trading. But in that regard it is kind of hard to bring people in, even in the liberty movement.
Hofstadter's Law: It always takes longer than you expect, even when you take into account Hofstadter's Law. -Douglas Hofstadter
Life, Liberty, Logic
I was listening to the Alex Jones show today on my ride home tonight and David Knight was talking about bitcoin and specifically the blockchain to secure elections and stuff so perhaps this was a major positive towards liberty types that pump that show. The blockchain tech is the backbone of the Bit and is inseparable so that is what might give it more legitimacy to those that don't understand the coin part. Can't have one w/o the other.
Btw Dianne, did you sell out at .017?
We need a name to put in our sigs with a link to this board.
Ron Paul Forum Bitcoin Army
...or something else.
The litecoin party is definitely on btc-e. Bitfinex orderbook & volume is boring to watch.
The spread is strangely bad also. I'm a bit shocked there isn't a bot filling the book with more micro orders at least.
Last edited by muh_roads; 07-28-2015 at 09:49 AM.
Today I decided to get banned and spam activism on this forum...
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Are you guys still holding LTC?
Don't go bearish on me man. We need more RPF'ers.
kfarnan is correct. There is an economic incentive to keeping an open decentralized system so its hashrate is in the lead.
What good is Citicoin? What good is an internal block chain that only banks & businesses can see and operate?
Some say the block chain is more about automation and not decentralization. That doesn't make sense because you don't need a block chain for automation.
Smart contracts sound neat, I guess. But the block chain was always about decentralized P2P e-cash. I'll buy Ethereum & Factom, but only to flip them for more bitcoin.
A perfect storm possibly brewing with LTCUSD rising and BTCUSD falling a bit. Causing the LTC/BTC pair to rise.
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
I've actually been a little bit intrigued by DASH lately after reading up on it. The fact that "masternodes" receive a chunk of the block reward at VERY little cost to run, yet you need to lock 1000 DASH in order to run a masternode, is brilliant, though I can't make up my mind if it is brilliantly good or brilliantly diabolical. Currently half the entire market cap is locked up in masternodes. The incentive to host and keep masternodes results in a huge chunk of the mined DASH being brought out of circulation (propping up the market price), and at the same time the limited number of masternodes provides mixing and fast-txn services for the entire userbase much more efficiently than it would be with all normal nodes. Sick. It seems like a pyramid but when I think about it more deeply I don't know, seems like the market could just reach a sort of equilibrium.
Hofstadter's Law: It always takes longer than you expect, even when you take into account Hofstadter's Law. -Douglas Hofstadter
Life, Liberty, Logic
Is that new?
I have to be honest, I was sort of interested in dash until you said that. Sounds a bit socialist like proof-of-stake and it'll make the price less predictable. Getting something that wasn't difficult to attain (getting something for virtually nothing) tends to never work out in the end. People staked a bunch of $#@!coins in 2014 only to dump the price down on ppl to nothing. While I'm not super happy about the current state of bitcoin mining which isn't all that ideal for the average person, proof-of-work is still the most capitalist form of transaction confirmation IMO.
I know this isn't staking but it sounds very similar. If bitcoin had that type of system where the top 1% reaps the most reward, I don't think we'd be where we are. The top 1% currently enjoys the spot price. But under the dash system you're giving the top 1% not only the USD advantage, but a perpetual coin advantage too. The last part seems a bit scary like the Fed.
Flipping for more BTC I'm sure is still possible, just a lot less predictable I'd think. I'm glad LTC remains proof-of-work only.
I guess in the end, all that matters is "buy the dip". Getting surprised dumped on might just be easier for the market makers though.
Last edited by muh_roads; 07-29-2015 at 06:39 PM.
The Dash people like to call the masternode system as "proof-of-service", which I think is an interesting idea to combine with proof-of-stake, but I don't think they should have had too much of it come out of the ordinary mining block reward, right now it is like 40% of the block reward which is way too much. If people want to pay a little extra for more coin mixing or fast transactions, then that extra fee should be more where it comes from. The staking piece was supposedly designed to limit the number of masternodes and to make it cost-prohibitive to control 51% of them. But yeah as I said, the design I think is intriguing and someone should probably get a prize or go to jail, or both :-P I'm kind of bullish on the price though because it is the most well-established privacy-oriented coin, so I think the demand will stay fairly strong.
Hofstadter's Law: It always takes longer than you expect, even when you take into account Hofstadter's Law. -Douglas Hofstadter
Life, Liberty, Logic
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