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I lived in Middle East for 12 years and nobody told me anything, I've seen things happening. Bron, I would be very happy to get back at least 50c to the dollar in case of fraud in Middle East. Instead, as a victim, you are lucky if you don't get deported or don't go straight to jail (depends...

QE4 coming soon?

https://bitcoinmagazine.com/articles/on-consensus-or-why-bitcoin-s-block-size-presents-a-political-trade-off-1452887468

Not necessarily. The beauty of the blockchain is that it's a very resilient distributed ledger run and maintained by untrusted parties. Private companies are just trying to figure out a way to use this feature to their advantage. Imagine for example if a private payment network found a way to...

Yes, we can all agree with that, I guess. Regarding the dependency on China, it looks like it's kind of unavoidable in the current economy.

Yes, it's obviously red hat. And yes, the blockchain is most likely headed the same way. However, it might become mutually beneficial, like in the Linux case, with commercial companies feeding back into the open source community.

Very fair point. But unfortunately there are only two options: either you pick someone (a leader, a group, or an institution) to decide on something, or you go on a consensus based system where a much larger heterogeneous group of individuals fight for their opinions and might eventually destroy...

So similar to gold, right? Magical unicorn rainbows give value to gold as well (disclosure: I own gold) Edit2: sorry Bron, I respect you and I read your posts on gold with great interest. But I took the time to read the link you took this excerpt from, and I have to say that this guy is either...

Also, if 51% of chines miners think it's time to kill the bitcoin... Let them do it. It's my loss and their loss at the same time. Chinese can still try to stuff their interiors with gold to bypass capital controls at the borders if they like it better.

It is, partially, still with more than 50% hashing power you can attempt an attack on the previous block only... Not really worth it unless there is a huge transaction there. Segregated witness will be equivalent to increasing the block size from 1MB to 2-4MB and at the same time will solve...

And after he left he went to work for the banks. Miners have voted, XT was not to be. Other improvements will come next, surely segregated witness and maybe Bitcoin classic. I don't believe it's dead at all.

Nobody would, we are just chit chatting for fun.

Agreed. I didn't want to comment on the seller's point of view earlier, but I immediately thought that he would have to cheat in order to make this system convenient to him. Good idea to try to solve the trust problem using a random generator + public ledger managed by an independent third...

btw, even with the kind of security measures you described, it's still to easy for the Russian roulette dealer to cheat. He can simply send each and every package with 90%+ real ounces to himself and the ones with less than 90% real ounces to actual customers. Statistics ok, videotaping ok...

If it's 21, yes. If it's 22 no. Take the worst case scenario where you get a fake every 10 ounces: You buy 10 ounces at 210 and you get one fake, so you have 9 ounces for that money. To buy 9 ounces from the other seller you spend 24(best case)X9 = 216. To have 9 ounces, you spend 210 with...

Apologies are due. I spent a bit more time on a few xrf producers' web sites and yes, depending on the model, exposure time can influence accuracy. This is not due to additional time required for penetration (that's instantaneous) but to the sensitivity of the detector.

Ok, I'll be more accurate, then: electromagnetic waves. Fact is, they are fast. Very fast. I.e. As far as human's perception goes, the reading is instantaneous. Longer exposure will not change the reading.

Radio waves on earth almost go at the speed of light in vacuum. There's no way that waiting "longer" would change results or allow for deeper penetration.

Just use the basis/cobasis of Keith Weiner, then... https://monetary-metals.com/introduction-to-the-monetary-metals-supply-and-demand-report/

At least in US or AU you might have a chance if you go to the court. Not so in Middle East. You are all on your own over there when it comes to "legal rights", that's why it's a Wild West. But, yes, frauds happen everywhere, obviously.