JayJuanGee doesn't seem to comprehend that everything that occurs inside computers is essentially a different, artificially constructed, parallel universe to ours where nothing that happens inside it actually matters because you do not inhabit it.  There are no resources inside computers.  There is no scarcity inside computers with any meaningful relationship to your world.  The bonds between the two are fake, and people can be tricked into yielding to that artificial reality temporarily, but not sustainably on any real timeline.

It's actually worse.  The fact transaction validators are always designed to centralize because it's not actually possible to create a decentralize digital currency in the first place means they both suffer from the exact same political power vacuum.  Yet, fiat bills at least provide some minor form of fungibility and permisionless behavior, while bitcoin provides you with none since there's no fungibility at all and you need to ask permission to one of the 1-10 transaction validators to do anything and...a permanent govt surveillance grid that abolishes the 5th amendment.

Your arguments are entirely based around the OPENING INNINGS of the game, not it's real endgame form.  That and the perspective of a greedy goyim attempting to suck out some type of profit from a possible pump and dump.  If you look at it from a perspective of playing god where pump and dump scamming profit is meaningless to you and all you care about is the feasibility of the system, fungibility and permisionless behavior, and prohibiting the construction of a dystopian police state, then of course both fiats and digital shitcoins are complete garbage compared to physical metals.

Scarcity vs artificial scarcity be damned, JayJuanGee is not even correct that bitcoin has scarcity in the first place.  It's technically no real difference from the federal reserve.  They state a 2% inflation rate targeting, but political forces can obviously push it higher or lower.  Bitcoin's inflation target is...a predefined slope, but the exact same political powers can change that just like the fed.  

Transaction validators in shitcoins are always designed to centralize because it's not possible to create a decentralized digital currency, so they have NO NASH EQUILIBRIUM and are subject to the exact same political power vacuum of central banks with govts just exerting force over the 1-10 transaction validators (ASIC warehouses and pools) to apply AML/KYC, inflation, and whatever else.  Anyone who's not an idiot in the field of shitcoins knows that POW chains are far less secure the lower the fixed block reward subsidy becomes and that they might not even be viable at all without inflation.  

If it doesn't work out because of lack of subsidy, before bitcoin dies off completely, they would obviously either add inflation or fork to proof of stake - a bogus, closed entropy system that doesn't even pretend to be decentralized like how bitcoin pretends designed to centralize PoW is.

No difference in real world scarcity and artificial scarcity?  Okay, by your own statement there's no difference between bitcoin and any altcoin - both are "coded scarcity" - so supply is then infinite because there's no overhead to create them and thus no Schelling point.

This is the stupid world of shitcoiners where they just make up random nonsense to try to rationalize using shitcoins over metals.  Then every piece of propaganda they create to try and rationalize the use of digital shitcoins only rationalizes the use of fiat and an infinite number of altcoins too.  So they then backtrack and try to apply nonsensical double standards to attempt to not promote altcoins or fiats with their horrid, illogical arguments.

None will escape retribution from becoming Judas to turn their back on physical metals and shill for (((digitial currency))) cashless society slavery systems.

If this statement is not concrete proof JayJuanGee is negative 4000 IQ, I don't know what is.

I don't see any volatility.  This is volatility:

You demonstrate a complete failure of economics 101 understanding.  It's not possible for something to qualify as "money" if it doesn't even qualify as a commodity first.  Nobody refers to video games on Steam as a "commodity" because it's blatantly obvious it's a state-run racket/scam called intellectual property and entirely based on artificial scarcity.  

Bitcoin is no different - another artificial scarcity scam/racket.  The hallmark trait of all currencies is artificial scarcity, while actual money is required to be physical commodity in the real world and not an artificial scarcity racket.  So, no, you are not "storing" $10 million of anything in bitcoin because it's not possible to store value in something completely imaginary based on artificial scarcity.  It's a currency and not money, and on a long enough timeline the value of a currency always goes to zero.  

All you're holding is a temporary pump and dump grenade or financial scam that you're attempting to pass off onto someone else before it explodes, not "storing value".  You need a physical commodity that doesn't expire to do that.

Neither physical metals or digital shitcoin scams get rid of banks.  The vast majority will always outsource security/responsibility to someone else.  That and an enormous percent of people seem to feel they need to put all their funds with some sort of custodian for wills and trusts & such.

God's punishment for pulling a Judas and turning his back on physical metals to embrace designed to centralize, non-fungible, permissioned ledger (((digital currency))) cashless society slavery systems.

The fact the 2016 Bitfinex "hack" coins are moving means the jig is up and these losers are trying to sneak off into the sunset and hide on a seastead in Africa somewhere.  We'll see what happens to the price without Bitfinex attempting to rig it upwards 24 hours a day for a span of years.  That is, unless they call up Trump and he says, "Oh, you're a Jewish banker from HSBC?  We'll unfreeze that $850 million in drug money laundering you're doing at Bitfinex pronto then!"

Uh oh, looks like r0ach was right again!

https://www.reddit.com/r/Bitcoin/comments/bha10i/bitcoins_from_the_bitfinex_hack_2016_moved_today/

If I was right about Bitfinex being an inside job, you better brace for impact about my other observation that the entire bitcoin price has been controlled by a single entity operating on Bitfinex through fraud all the way from $200 to $20,000.  And that fraud was pushing the price UPWARDS the vast majority of the time.  What's the price when the artificial upwards manipulation is removed?

How is it "FUD" if everyone here can see Bitfinex and Tether are operating wide out in the open as a criminal entity?  Being affiliated with HSBC just makes it even more LOL.  As if it wasn't obvious the first time they STOLE all customer deposits after trading against their own customers and having the trade go against them during the halving.

It's probably HSBC thinking they're above the law and can just bribe/order some regulators to unfreeze their drug money and make this problem go away.  Probably will happen!  When's the last time a kike banker went to jail for ANYTHING?  Supposedly the US stock market itself is propped up in large by drug money providing massive amounts of liquidity.  They'll probably give HSBC a slap on the wrist and say, "Now now! It's un-American to launder your drug money in bitcoin instead of the stock market!"

How does it feel to be the ONLY PERSON IN THE ENTIRE THREAD that claimed "r0ach making up FUD about Bitfinex", "it's all bs".  You were even somewhat semi-shilling FOR THEM.

But I thought bitcoin was "fighting teh bankers"...

Who would have guessed the bankers (HSBC) would buy up a bunch of imaginary, valueless tokens, artificially manipulate them to the moon, then attempt to dump them on the goyim while simultaneously using the transaction to launder drug money.

Then you should probably use physical metals instead of a dystopian, non-fungible, permissioned ledger, cashless society slave system that abolishes the 5th amendment.

I can die happy once we discover Bitfinex's main operation address is registered to a seastead in Thailand.


Fixed it.  Basically crosseyed from not going to sleep yet.

I like how they (Bitfinex) now have HSBC ties and then rumors sprang up about how they had hundreds of millions of dollars seized in Poland due to being related to drug money laundering...which is like HSBC's main forte.  I wouldn't be surprised if that's what most of the Bitfinex manipulation pump originated from - them trying to launder/clean drug money.