If historical data is anything to go by the next cycle should be more prolonged than the last. Prior to 2021, Bitcoin's bull-run cycles run out within a few months from the beginning of the climb to when the gradual descent begins, prompting many to call it a pump and dump.
The recent bull-run was anything but. The price peaked at different times with a minimal drawback between and the overall cycle lasted almost a year.

The next halving could bring the next bull-run in its wake. I would expect a similar or better version of that of 2021. maybe a super cycle as it is dubbed.

- Jay -

I agree with the last part, the 'judges' followed the conventional rule book of investing, asking similar questions about cash turn over, sales, whether the owners are working full-time or part, how sustainable the business model is and what their equity would be.
Bitcoin does not follow any of those rules, meaning they would expect it to fail overtime, or 3 out of 4 of them would.

There was not any risk in bitcoin at the time, there was the perceived risk of scam, lots of ponzi schemes made people wary of magical internet money.

- Jay -

Can we say that you were Rickrolled?

Good attempt at humor to celebrate the April fools day, was meant to be a double hit with the merits and also satoshi returning to the forum. You got 365 days to perfect next year's evil plan .

P.S; I got 8 points before this post so I qualify as a high-quality poster  

- Jay -

In this hypothetical situation, I am referring to people with the ability to make huge chunks of purchase.

That is true, I went to far back in the scenario I was trying to draw out.

And it is somewhat expected that they would discover late or decide to buy late. Their first impression to be to dismiss it, they have already created a hack for the current financial system, why create another that is totally open to anyone. Whatever amount they had bought early on would have also been eventually absorbed by the market and their influence reduced, cause there are surely people who own hundreds and thousands of bitcoin.

- Jay -

Bitcoin as the pioneer coin led the innovation of cryptocurrencies we see today. It is truly decentralized, that which cannot be said about most other coins. It is so decentralized that it does not have a CEO as you pointed out, only a founder, satoshi.
Its security which it gets from PoW is higher than that of other currencies, making it the most reliable. It has a limited supply while many other coins have infinite supply and the creators can just create more for themselves.

They do not have the same values as Bitcoin, but some of them have enough liquidity to allow easy exchange.
Let them do their research themselves and decide what to buy, but do not invest in altcoins as a sort of protest against bitcoin.

- Jay -

The current credit system is a creation of the past one or two decades and did not exist as it does now several decades ago. One could argue that we have had more incidences of recession during the early modern and modern economic era than we had in the times without an efficient credit system. Could the dependency of businesses on credit and countries running practically on debt be a creation of the current financial system?

Yes, there would be. Bitcoin has a limited supply and cannot service the current credit system.
But we are considering a situation where Bitcoin is a world currency and not an alternative. It can function as a reserve currency along with its other utilities, but not as the standard financial currency.

- Jay -

I follow shark tank a lot and enjoy the creativity the show portrays. It got me thinking of a hypothetical situation which led to this thread.

Imagine the year is 2010, you are a Shark Whale tank contestant using the pseudonym 'We are all satoshi'. At the time relatively no one has heard about Bitcoin and do not understand how it works.
You are trying to convince some whales and institutional investors that putting their money into bitcoin is a wise financial decision and would bring more returns on their investment than all other ventures out there in value and utility.

---

I think they would have 2 major questions:
1. The Technology.
2. Their stake.

On the technology, one would talk about how efficient and effective the bitcoin network is and how it seamlessly allows financial transactions between one party and another. A demonstration there to create a wallet easily for one of the judges and send them some sats (showing it is divisible) would show how easy it is to use. You can also talk about the bitcoin whitepaper.
Keeping it short and ending with the famous phrase would give lots of dramatic effect  :

On their stake in it, being a decentralized technology, they do not get any whale privilege, you only own as much of bitcoin as you possess. No one can give you a contract or some paper work for it, not even satoshi.
If you buy 10,000BTC you own 0.05% of the total supply,
If you run a node or build a rig, you own a bit of consensus privilege or a bit of the total hashrate.

---

Do you think any of them would have been convinced to invest back then?

What reply would you give to their expected questions,

• why do we need an alternative to banks, or
• how can money work without regulation

Maybe we can pick up one or two phrases to pitch Bitcoin to others, not particularly whales.

- Jay -

Whatever the case, it makes governments look weaker financially and shows out their policies to be detrimental to the economy. Emergency intervention as a term is one that is sure to put a pensioner on high alert and looking for other ways to safeguard their pension funds.

There are many reasons not to trust any government.

- Jay -

You can go through the full list of factoids^[1]. Some were chosen by VIPs/Donators according to theymos, so they could have no relationship to bitcoin, just an idea or idiosyncrasy they have.

I never knew about Greus, so it could pass off as interesting.

[1] https://bitcointalk.org/adrotate.php?adinfo

- Jay -

During the last bull run, Bitcoin hit a market cap (permit me using that as a reference for this example) of upwards of $1 Trillion and the entire crypto market was above $3 Trillion. If bitcoin was the only currency, almost all of those investments would have gone into it,pushing its value to about $200,000 at the time.

The price could be the only area that would record significant changes. Adoption wise, bitcoin is heavily dominant, most other coins are just used for speculation trading.

---

The beauty of a creation is innovation, Bitcoin itself, being an idea that has been tried different ways before 2009. Not having any sort of attempts at developments would indicate stagnancy.

- Jay -

On average I can make 5-8 posts comfortably with the number of hours I spend on the forum.
If I get more free time, I can easily see myself making more without burst posting or spamming. It all depends on what topics you are replying to and how much hours you spend on the forum.

An acceptable number is relative. It can take one user 5-20 minutes to read through a thread and maybe do some searches on the topic to have something to write, but another user who has more knowledge on that topic can write something withing seconds. If they come across a couple of such posts consecutively, their gap could not be more than 1 or 2 minutes.

- Jay -

"A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted."

This is a general reason for posts getting deleted. The rules contain other reasons, but majority of them can be summed to being spam or off-topic.

To avoid posting things that needs to be deleted do more reading. You should familiarize with the rules before you create threads and replies.

- Jay -

I agree to an extent. Pensions are life time piggy banks and one has to be extra careful when handling it. Pensioners should be aware of the crypto exposure of the funds they use and make an informed decision to use such services.

Some might argue that risks are present in any asset the pension funds are exposed to, even fiat and government bonds. In the U.K some months ago, a large pension fund came close to crashing and needed emergency intervention to stay afloat^[1], this was a result of financial policies put in place. Situations like these would never be painted as a 'fiat problem' or show the risk in banking activities.

[1] https://www.theguardian.com/business/2022/oct/06/bank-of-england-confirms-pension-funds-almost-collapsed-amid-market-meltdown

- Jay -

Signature updated.

Thanks for accepting me.
Post count at the start of the campaign: 292

Stated or not, try to make constructive posts without focus on reaching a target number of characters. Filling up replies to meet character limit can lead to spam.

- Jay -

PoW does not prioritize competition but security. The competition for the next block attracts huge computing power to the network which contributes to protecting it against getting hijacked.
Ease of earning means uncapped supply which increases exponentially as the coin becomes more popular. With no way to regulate the introduction of new coins, you get hyper inflation, or a worthless currency.

This is not a practical theory to consider. A system cannot constantly add value without any requirement or input to regulate its supply.
Even though fiat is introduced solely by banks, it is still prone to hyper inflation due to the uncontrolled printing of new notes, imagine if everyone could print it in their homes with relative ease.

- Jay -

The author from the video seems to be confusing terms related to bitcoin. No one issues orders to anyone, that would not be decentralization, but anyone can suggests commits which by consensus can be implemented to the code base.
You do not need energy consumption to have commit access and it is not does one person at a time.

Bitcoin mining is about confirming blocks and keeping the chain going, and doing this in a decentralized way so no one gets 51% of the hashrate.
Energy is not fed into the system to prevent chaos.

Fair enough.

- Jay -

Good points ndutndut. On the 4th point you added, it is not a necessity to actively participate in discussions except they wish to. Reading and learning does not always need one to be active in the conversation.

A newbie or rookie can give advice based on their limited experience of the forum, it may not be as comprehensive as when an older member gives the advice and it may already be available if we only search for it. It is understandable for newbies to not fully know how to use the search option as yet and make threads on already discussed topics.

- Jay -

Hello Royse777, I regret to announce that I will be leaving the signature campaign and apologize that this is happening mid week.

It has been a wonderful experience working with you over the past couple of weeks. Thank you for giving me my first opportunity at a signature campaign and I would be thrilled if we can work together at a later time.
Wish you success.

- Jay -

There are lots of privacy options in bitcoin, such as the use of change address and having multiple addresses linked to one private key. Mixers function to make it difficult or impossible to trace the source of funds, this is way off from what money laundering actually is.
The idea that mixers can conceal the trail of stolen funds exists, but that does not make up the bulk of transactions through them.

When you consider that money laundering is actually done through legitimate businesses, should there also be a campaign to close them down as by the logic of mixers encouraging scams, they are doing so as well.

- Jay -

Scams and frauds are not moderated, so no special forum rule in relation to that.

A live support would require increased moderation. A steep investment for users to "communicate their feelings".

I have not used the email option, some changes might be welcome there.

Online indicator is available. You can toggle it on and off.
Profile > Account Related settings > Show others your online status?

This is a privacy forum, you do not need to use your real name and details.

- Jay -