"ECB board member Yves Mersch said on Thursday that “cryptocurrencies” are “not money, nor will they be for the foreseeable future.”"
So we eithr have a pathological liar or a donkey who doesn't understand what money is in the board of the ECB.
Hmmm incompetent or liar? Hard choice, but I vote for liar. That would be my vote as well, although I'm not completely sure based on what I've seen even so called quantitative Economists spout in institutions of higher education. |
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Doesn't matter what I think, and as you said "people who understand the value of bitcoin". Newbies don't understand shit, but, they do understand metrics like market cap, so it will hurt bitcoin. If bitcoin is not number one on the shitty marketcap metric that will hurt bitcoin adoption plain and simple.
What do the advertisers say? "you don't need a good product, just good marketing"
In that case, bitcoin was fucked from day one. 21 million coins for the entire world economy was never going to work. Most world citizens (>99%) have never had $8750 at one time in their lives. They will never buy bitcoin at that price. They will buy Ripple for $1 instead. EDIT: Yes, I know they are divisible but the average idiot can't comprehend that. The real problem though is that the idiots don't understand the importance or decentralization, lack of a central authority, deflationary monetary system, developer talent, trustless, and so on. Bitcoin is the best coin without a doubt in my opinion. But, how in the fuck can we get mass adoption, when most people still think the media, and governments are the good guys. Crypto will get mass adoption, but, I fear that it will be a bullshit coin supported by the banks, media, and governments. I agree, I think the coins that will do the best with the coming mass adoption will be the ones who have the largest number of coins in circulation so they seem cheap to the idiots. Why buy a bitcoin when you can buy 10 ETH or 8000 XRP for the same price? Luckily, big institutional money will still flow into bitcoin. I strongly believe that the altcoin market will become a modernized carbon copy of the equity markets. Once revenue participation becomes a factor smart money will flow into whatever is guaranteed to be profitable, and the sheep will eventually follow or get shorn, just like with stocks right now. The substantial differences will consist of more transparency (for established companies), more efficiency (lower fees, no closing of exchanges etc.), and easier access (which will also imply more scams and unsuccessful companies going "public" than with stocks). The "cheap coin" bullshit that we can see on this forum every so often from newbies will eventually be fixed by "conventional wisdom" of the masses, which will end up as yet another predictor or tool for smart money. |
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BTC dominance is sinking and sinking.
I don't really like this.
Altcoins are thriving just as before the crash and it gets worst.
Its likely part of a cycle - I (speculatively) can see an alt bubble followed by a BTC surge Its been a few days since I've checked all the prices and I must say I am stunned that the alts are coming back so hard. I hope you're right starmman, but, it just doesn't look like BTC will ever regain its dominance to even the 50% level. Hell, look at ripple up 50%, people were wiped out on that recently and it just doesn't seem to matter. I consider most alts to be shit, but, I guess when it's all speculating it doesn't really matter that they are shit. Market cap and bitcoin dominance can be a misleading indicator for all the reasons that you already stated... so in that regard, people who understand the value of bitcoin are going to realize that bitcoin is the one to buy rather than gambling on those many other alt coins - and useful also NOT to get distracted by coinmarket cap, at least in terms of informing you about the dominance of BTC's fundamentals in comparison to any (and all) of the other coins. Crypto War successful and ongoing (block size, transactions, hard forks, media) create less reliance on bitcoin and more on centralized tokens pump alts, sell tokens to newbs create national tokens (russia coin, Petro coin etc), pump for newbs sell into bitcoin - big pump (Huge) before next battle on bitcoin exchanges (corrupt, broke, no reserves, multiple exchanges as well as other btc scams) legislate exchange and ban btc to promote national crypto btc crash and they hope for good lets see how it all pans out (within next 10 months) It's going to take a whole hell of a lot longer than 10 months for all of these things to play out. I agree with you mymenace that a lot of these things are happening and a lot of like things are going to happen in the crypto space and maybe even attempts to target and to undermine bitcoin, but even if a lot of these things happen all over the globe, it does not result in bitcoin successfully being stagnated and repressed, even though there might be some shorter-term and localized successes that might only last a short period of time because bitcoin is all over the fucking place, and there are a lot of governmental difficulties to coordinate, even if BIG ASS financial players attempt to coordinate their attacks on bitcoin, even the BIG ASS financial players are not sufficiently unified to pull off some kind of successful unified repression of bitcoin on a world-wide basis... TLDR - bitcoin has become too BIG, too decentralized and too strong to kill... the toothpaste is out of the tube, and it's like trying to kill the internet; good luck with that.. I agree, completely just mentioning the enemies tactics, usually successful yeah bitcoin just seems too damn strong a network to change though and the attacks begin again, just reading this https://www.rt.com/business/418390-france-germany-bitcoin-clampdown/From the enemy themselves the Bank for International Settlements (BIS), direct from the IMF "ECB board member Yves Mersch said on Thursday that “cryptocurrencies” are “not money, nor will they be for the foreseeable future.”" So we either have a pathological liar or a donkey who doesn't understand what money is in the board of the ECB. |
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Wow, the hate seems strong against DeepOnion around here. People are slamming it without giving any verifiable proof. The supporters of some of the other privacy coins must to be getting nervous. That's a good thing because DeepOnion is a DO.  You're deluded if you truly believe that no evidence has been presented. |
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Green, Ruby, Black, Rose, Blue I think whoever reserved a Monaco Card wants to try the App and receive the card asap. Colors and tiers may change but I focus on the working product.  I disagree on this. A pretty card is important to me, since I intend to use it as my main credit card for a very long time. |
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You're right in your stream, it would've finished no matter what at the past progress rate. But damn, you sure sped the progress bar up noticably! Joined the Signature Campaign:
14156sig
I wish you good luck!
Thank you,
Zorro
Welcome to the campaign! |
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BTC dominance is sinking and sinking.
I don't really like this.
Altcoins are thriving just as before the crash and it gets worst.
That's to be expected considering that there is only one Bitcoin and over a thousand altcoins. I don't really see an issue with that though, especially when considering that most altcoins are bound to eventually evaporate like dot com companies and the likes. With the number of coins slowly losing dominance over time is expected, but, this loss has been quick. What's more, we are likely close to another coin becoming the market leader. Can you imagine that, A banker coin like ripple, and a broken dictator coin like ethereum becoming the peoples choice. I should never of expected different I guess, most people in this world are dumb arse sheep only care about profits rather than making the financial system better. This effect is bound to accelerate with the growth of the overall crypto market. The more people buy into Bitcoin, the more people will find interest in altcoins and the larger the potential volume that can trigger growth in altcoins will become. It's a snowball effect. A question that I find interesting is whether or not Bitcoin will regain dominance massively once the "big crash" comes and useless shitcoins as well as all the ponzis and scams get obliterated. |
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Its been a few days since I've checked all the prices and I must say I am stunned that the alts are coming back so hard.
I hope you're right starmman, but, it just doesn't look like BTC will ever regain its dominance to even the 50% level. Hell, look at ripple up 50%, people were wiped out on that recently and it just doesn't seem to matter. I consider most alts to be shit, but, I guess when it's all speculating it doesn't really matter that they are shit.
Altcoins are predominantly denominated in BTC. So when BTC goes up by X%, alts will usually go up by at least X% as well in terms of USD. This will cause people to think that alts are entering a bull run, which might trigger buy orders that will drive up their price in terms of BTC as well, which will ultimately lead to a price rise above the X% of BTC in terms of USD. Why is that happening only now and not before? Volume. There's much more people interested in catching the next "big coin" that buy up altcoins these days. Not too long ago alts were largely frowned upon (for good reasons), but this is slowly changing with innovation and adoption. |
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I'm quite optimistic on that prospect. With places like the Imperial College in London specifically researching psychedelics and MDMA for different applications it's really just a matter of time given the positive impact these substances can have when used appropriately.
The big problem is with the pharma cartels. If they feel that the legalization of these drugs will have a negative impact on the sales of their synthetic opioids and pain-killers, then they will lobby hard to sabotage any legalization effort. That's precisely what they did quite successfully up to this day. But with the resurgence in research that will become harder and harder, if not impossible. Especially when you consider that everybody has access to safe sources these days, and that it's much easier to get educated about the truth and disposing of propaganda. Younger people are much more open minded towards substances than older generations are too, and they will be the ones making the laws in a few decades. |
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My favorite is the predestination paradox and my favorite take on this was on Robert Heinlein’s short story called “All you Zombies”. It was adapted into film and titled “Predestination”
(Sings I’m my own grandpa in the background)
The trailer says "You will love this film". Guess they really have a time machine.  Added it to the list. Predestination is a brilliant movie, one of my favourites actually. If you like Predestination, you'll also like Netflix's new series "Dark", it's a German language film but has been dubbed, or subbed. Either way, it's brilliant. The Man from Earth is also a good movie with a similar theme. I'll go with the native dub, since translations usually lose a lot of nuance. Thankfully I speak German well enough to watch this one without translations. I've heard about the Man from Earth but still haven't watched it. Is the 2017 movie a sequel? And if so, is it worth watching as well? |
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BTC dominance is sinking and sinking.
I don't really like this.
Altcoins are thriving just as before the crash and it gets worst.
Its likely part of a cycle - I (speculatively) can see an alt bubble followed by a BTC surge
I hope you're right starmman, but, it just doesn't look like BTC will ever regain its dominance to even the 50% level. Hell, look at ripple up 50%, people were wiped out on that recently and it just doesn't seem to matter. I consider most alts to be shit, but, I guess when it's all speculating it doesn't really matter that they are shit. Altcoins are predominantly denominated in BTC. So when BTC goes up by X%, alts will usually go up by at least X% as well in terms of USD. This will cause people to think that alts are entering a bull run, which might trigger buy orders that will drive up their price in terms of BTC as well, which will ultimately lead to a price rise above the X% of BTC in terms of USD. |
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BTC dominance is sinking and sinking.
I don't really like this.
Altcoins are thriving just as before the crash and it gets worst.
That's to be expected considering that there is only one Bitcoin and over a thousand altcoins. I don't really see an issue with that though, especially when considering that most altcoins are bound to eventually evaporate like dot com companies and the likes. |
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My favorite is the predestination paradox and my favorite take on this was on Robert Heinlein’s short story called “All you Zombies”. It was adapted into film and titled “Predestination”
(Sings I’m my own grandpa in the background)
The trailer says "You will love this film". Guess they really have a time machine. Added it to the list. |
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If it's flat, what's on the other side?
Either an impenetrable wall, an endless void, or a teleport back to the notother side of course. |
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14086sig
Welcome to the campaign! Keep in mind that stakes don't get updated in realtime and rest assured that you don't have to worry about getting your just share. |
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When I first learned hold is misspelled as hodl, I laughed at loud.
You've got it the wrong way around.  |
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You know that Earth diameter is bigger than six feet, right? or you did not cover that in your Bible study? Too be fair, that depends on the feet in question. |
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Lol..the first batch of around 2000 sodl out in a few hours.
I subscribed for the notification, hope the next batch won't be sodl out just as fast. Yeah...I hear ya..lots of people bought them as collectable items just like i did I mostly ended up buying both Trezor and Ledger to support the industry. Nice gesture..i bought the ledger nano and blue..both trezor in black and white..left them all wrapped never to be used. Then bought nano and trezor again to be used. Now i am awaiting 6 new batch one Trezor T models Maybe I should pickup some backups in case I need to restore. How is the blue? |
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I see this as a reply to those who think bitcoin is nothing but a bubble and just a ponzi scheme. But I believe that for people like Finman and us, bitcoin is a boon that has given our lives such a boost we never thought that any investment or bank would do. It didn't just create wealth, but makes opportunities available repeatedly. This is one of the best examples that I'll show to people, especially youngsters of my age and many of those who criticize Bitcoins without knowing anything about it.
The general population usually just parrots whatever their favourite news outlet feeds them. With all the FUD and fake news regarding Bitcoin it's no surprise that people would criticize it blindly. Their loss though, give it a few more years and it'll become "mandatory" like the internet is today. |
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Lol..the first batch of around 2000 sodl out in a few hours.
I subscribed for the notification, hope the next batch won't be sodl out just as fast. Yeah...I hear ya..lots of people bought them as collectable items just like i did I mostly ended up buying both Trezor and Ledger to support the industry. |
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