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  1. D

    Big jump in Bitcoin...

    No. I was just reflecting that some nerds like crypto for its aesthetic beauty. As technology goes it is downright ugly IMHO but then beauty is...
  2. D

    Marriage equality referendum - "rights" to kids etc.

    Thanks, survey updated:rolleyes:
  3. D

    Marriage equality referendum - "rights" to kids etc.

    What I can say is that none of my acquaintances of any ilk have expressed an opinion on trans folk so I am not in any position to offer statistical analysis on that front. Made me wonder though what are my acquaintances’ views on other topical subjects. The following statistical analysis does...
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    Marriage equality referendum - "rights" to kids etc.

    In fact we can pin down Sol's knowledge of gay people who have revealed their thoughts to him on trans to Nx(67:199) I'm intrigued to know what N is. I'm only slagging Sol, sorry:oops:
  5. D

    Big jump in Bitcoin...

    Fairly unbelievable really. The bit that gets me is UBS getting off because they ratted on the others. Do the other guys now boycott UBS?
  6. D

    Marriage equality referendum - "rights" to kids etc.

    The mathematical pedant in me says that you therefore know at least 100 gay people:cool: Defining “know” as someone who I know and who knows me (cuts out Leo etc.) I think I count 3 people in that category. If I further qualify it by being required to know their attitude to trans folk I’m...
  7. D

    Big jump in Bitcoin...

    I think I’ll buy this “halving” thing being a significant if somewhat irrational factor in the uptick.
  8. D

    Big jump in Bitcoin...

    Ahhh! You meant the amount on offer will drop. But you said the amount in circulation will drop. I see the point though a rational market would have already priced this in; it is not new information. ATH?
  9. D

    Big jump in Bitcoin...

    Clearly I misunderstand bitcoin - fpalb please help. I was led to believe that bitcoin supply would continue to grow until 2040 (or is it 2140) when it reached its max of 21m. But you explain that this halving will cause the amount of bitcoin in circulation to drop.
  10. D

    Big jump in Bitcoin...

    Yes I was in error in describing hash as hashtag but I think you knew what I meant. As I have explained in another post there is no rational reason why halving should have any effect on the price but I take your word for it that this has been past experience. That is an empirical observation...
  11. D

    Big jump in Bitcoin...

    The title of the thread is “The Big jump in Bitcoin…” I accept that the price is a function of supply and demand. Usually we can identify the drivers of each side. Oil for example. Geo-politics largely drives short term supply and geo economics drives demand. There is a futures market so...
  12. D

    Big jump in Bitcoin...

    I fully understand the rationale behind bitcoin mining, thanks to fpalb. Perhaps you misunderstood my point, it happens. I ridiculed the zillions of running the SHA algorithm on a trial and error basis until you get an answer. You countered by pointing out that EVERYTHING comes from trial...
  13. D

    Big jump in Bitcoin...

    The mindless solving of crypto puzzles is not to be compared with genuine R&D
  14. D

    Big jump in Bitcoin...

    You seem to equate the mind blowing trial and error of blockchain to normal R&D trial and error but possibly I misunderstood you.
  15. D

    Big jump in Bitcoin...

    Oh please. Of course R&D does involve trial and error. Having found the answer we advance. In crypto the trial and error puzzle is merely to slow down the miners. No advance at all when the solution is found. I am presuming tecate that you do understand blockchain though that comment gives me...
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    Big jump in Bitcoin...

    Zillions and zillions of trial and error attempts to solve a hashtag. Givuz a break, doesn’t get more crude than that.
  17. D

    Big jump in Bitcoin...

    Au contraire. There are of course the nerds who understand it and love it for its aesthetic beauty. There are also the religious zealots who see it as fingers to the financial order. But my guess is that speculative surges such as we see now are driven by neither of these constituencies but...
  18. D

    Big jump in Bitcoin...

    tecate I am not convinced by your explanations of the “uptick” Panicking equity investors: No. If there was panic about the value of FIAT currencies, yes that might explain things. But equity investors are not in a panic about the value of the currencies. In times of panic there is a flight...
  19. D

    Big jump in Bitcoin...

    Maybe I see an explanation for the recent upsurge in price. If it is easy to buy, but to sell you have to comply with conventional rules, which is almost against a crypto’s religion then that would be a massive distortion in supply/demand. Really only two other possible reasons for the price...
  20. D

    Big jump in Bitcoin...

    Leo not sure you have your decimal points in the right place here. I think 7 bps is .07% as per EmmDee. Credit Card fraud in UK in 2007 (Wiki) was £535m so I presume in US it is in the $billions.
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