I'm sorry, but that's a fail  

A nice heart warming message. We may not have seen the low yet, but evidence of bottoming is increasing: https://twitter.com/woonomic/status/1089444492363485184?s=19

Probably the bull case. If logic and truth would matter, it would have blown up a long long time ago already.

Fixed this for you 

Woonomic chart indicates that we may be at bottom:
http://charts.woobull.com/bitcoin-mvrv-ratio/

Just endure a little bit more.

Exactly. Most. Organised. FUD. Operation. Ever.

They waste their energy on a project that they have claimed to leave many times before.

Sad. Very Sad.

Just buy Bitcoin 

There are quicker ways to test your luck. But for perspective, the change of being hit by lightning 30,000 per second for the rest of your life is way, way bigger than finding a loaded wallet by random keypair lookup.

I could play this all day: https://errorna.me/tools/lucky/

Interesting read: “Quantum Narratives” by Dan Held https://link.medium.com/0lIe5QiyIT

Something to get into the mood again: https://twitter.com/iwearahoodie/status/1087752442840702976?s=19

Long read but essential: https://fs.blog/2019/01/yuval-noah-harari-dominate-earth

The same principle will propel Bitcoin to new heights, if the narrative remains compelling. We all have our role to play.

Just some ideas:

I have seen the word 'usually' but I would rather describe it as follows:

Especially the latter is usually absent when talking Bitcoin (yes, I fall into the same pitfall)  

Is the Coindesk summary of the BIS report on Bitcoin true?


Hardly a new or worrying conclusion.

The core of the matter is and remains: is it 'good money'... (at least, better than fiat).

We know the answer 

I suggest to read this carefully: https://www.zerohedge.com/news/2019-01-21/there-will-be-blood-future-asset-management

You should move your 'war zone' to https://www.reddit.com/r/cryptocurrency to have a meaningful impact 

Crystal Balls aplenty; my gut feeling is that we are all far too optimistic (and WO thread is far too busy) to have reached a bottom. But this cycle could be different than 2014-2015. We have plenty going for Bitcoin at this moment:

* we see the continued rise of Bitcoin as a value network (e.g., actual use, the narrative)
* we see a meteoric rise of the capacity on the Lighting Network (LN), with an acceleration this January because of many simple-install-no-own-node-needed mobile wallets appearing
* big improvements on LN expected this year: https://bitcoinexchangeguide.com/bitcoins-lightning-network-sets-up-for-a-major-2019-rollout-while-current-capacity-crosses-540-btc/
* improvements on the Bitcoin protocol (work on further reducing overhead, transaction data size, increasing anonymity)
* increasing doubts among an increasing number of citizens about the long term viability of our current monetary system
* increasing clarity on legality of cryptocurrencies
* increasing capacity of Internet-Everywhere mobile networks (5G coming in the Western World)
* crypto hubs arising (companies like TenX, Crypto.com and Plutus could morph into Paypal like crypto payment processors)
* payment hardware - finally - evolving, making a break with legacy payment networks easier

Infrastructure is being added as we speak. The Next Big Wave may come before Crypto Winter really sets in. Who knows.

For Bitcoin to succeed, fiat only has to fail. Slowly but surely. Drip drip drip.
Regardless whether we will bottom lower than $3,200 or not.

Looking at my own activity (hardly a measure for the phase that Bitcoin is in), we either do not bottom soon (place should be deserted here...) or the next move up is in the cards in the course of this year. My best guess is that we first need to see the next installment of dApps. A very popular one, that will fuel the wave again. Probably something involving a game or decentralised banking (although I think we need proper decentralised IBC infrastructure first).

Something that 'breaks the rules'.

Why not address the argument for once. Prove Schelling Point true for Bitcoin in the face of existing facts


Red Herring not working on my Teflon suit.



I am also still awaiting your response on how someone can 'print' Bitcoins: https://bitcointalk.org/index.php?topic=178336.msg49196760#msg49196760

Serve rehashed points, evade, try to provoke with useless racist stormfront material. Rinse. Repeat.

I would appreciate your rational arguments and thoughts without the bull shit surrounding it. That would be much appreciated.

I only know one person who keeps hammering on this point. Well, theory is just that .... a theory.

Honey Badger ain't no know Mr Schelling and does not care.

• All Models are wrong
• Some Models are useful

To me, Schelling point solely seems to be a fancy way of arguing that Bitcoin can be copied. Good luck with that. The existence of 1,000s of copy cat coins for many years while Bitcoin is still worth more than $0, proves this interesting quasi intellectual wordy argumentation as useless as Bitcoin Cash  

Dead. In. The. Water.