That's normal considering the fact that there is plenty of uncertainty when it comes to the development roadmap. I'm of believe that the price wouldn't hover above the $100 mark if there wasn't POS accumulation happening.

I don't think Vitalik would ever say that, especially with how he has been distancing himself from the speculative side of crypto.... maybe you have seen an imposter account on social media trying to deceive people.

It's funny that you recommend people to do the math themselves while you have clearly not done so yourself. Reduction of block subsidy is the sole reason it will take a looooong time before the last satoshis are mined.

It's safe to say that in the next 8-9 years the transaction fees miners collect will consistently be more than the reward per block, and that ratio will grow in favor of the fees more and more as time goes on. That's how it is designed to be.

Why do you think that small blocks prevent it from being centralized? Nothing changes if the block size was upped to say 5MB.... just because the block size is 5MB doesn't mean it's going to be used in full every 10 minutes.

Noted.

You are the prime example of an empty headed perma bull. Glad you confirmed that again.

I'm happy to see people finally acknowledge the pressing need for something like Bitcoin even though it's still very niche overall, but with time I'm sure Bitcoin will grown on people there.

It's not easy for people to shift to an asset they have no prior experience with, and more importantly, jumps up and down like a penny stock. It will probably take a decade for people to become truly comfortable with Bitcoin.

This applies to every shaky country going through similar problems.... people always tend to wait for the last moment to seek for safer assets, no matter how many times they have gone through it before.

Bitcoin has seen the moon already. I don't think there is much more in it than the price to trend up from here, which is perfectly fine considering the fact that it allows people to comfortably accumulate Bitcoin.

People usually only care to touch Bitcoin when the price is pumping, but that usually is a sign that you have missed your buying opportunity.... your aim should be to sell into a pump, not to buy.

For the people who always buy and sell too late, but don't know where they go wrong, just do the exact opposite and you'll notice the difference directly.... that's how I turned my losses into profits when I started initially.

Generally speaking, there is always an entity you can sell your stable or whatever backed coin to, and they will then give you the underlying asset back, in case of your example, they will ship the gold to you.

The problem however is that gold needs to be insured before shipping and there may be VAT that you are subject to, so there is an additional cost that you have to take into consideration before you cash out your gold backed coin.

I rather buy real gold than some crappy crypto currency that's backed by gold.... it makes no sense for me at all and I'm glad to see that more people have a similar thinking.

I don't think it will do much longer term speaking, because the sentiment within the crypto space is already that Tether has no actual reserves to back every single token that they have issued.... people still use it.

The thing with Tether is that people use it to move fiat from one exchange to another to take advantage of arbitrage opportunities, and hedge declines in the price, which it does the best of any stablecoin that's currently in existence.

Why doesn't it surprise me that perma bulls are so combative? I'm here because there is value to extract from Bitcoin as store of value, which I don't see elsewhere in the crypto space. Is that enough reason to be here?

I also don't watch video's of Roger Ver. It's just my honest opinion that I think crippling the base layer isn't right. All it takes is another mania to highlight how limited Bitcoin is.... perfect marketing for scams such as Bcash.

People are too lazy for that. I see it happen quite frequently that faucets or some other low level sites get hacked where their database ends up being sold on the darknet market.

The same email address they registered their account with on a faucet site, is the same email address they use for Facebook, their main fiat exchange, and so on.... plenty of value to extract for hackers there.

Nowadays it makes no sense anymore because the base layer has been crippled. It was always advertised as a payment tool that's fast and cheap to function as alternative to PayPal and other financial services.

The sentiment within this community was clearly focused on payments, then it shifted to store of value because that's all Bitcoin has left currently. It's the sad reality unfortunately.

Bitcoin has failed in the payment department but won in the store of value department. I would have preferred to see Bitcoin win in both departments but things are as they are. It's too late for that now.

Technical analysis is based on probabilities, so even if you have all the luck in the world to score a sick winning streak, that luck will run out at some point and you'll be starting to lose again.

I some times see people consider themselves to be a pro trader because they have had so much luck that their first 10 or so trades were profitable, but then ended up losing their initial trading balance because their luck ran out.

If you don't know why you are losing trades, you will try out some other strategy without knowing if it is any good because you're super desperate for a win, so you're essentially gambling again.... you know what happens next.

I think that by now most people with some sense in their head already know the shenanigans P2PB2B is pulling off.... one must be a total newbie to fall for their manipulation, and even if so, the truth will come out anyway.

If we're looking at serious competitors of Binance with their own token, then it surely must be Kucoin and Huobi. I might change my opinion when other exchanges grow with real volume, but for now Binance is the absolute number one.

Money---fiat isn't backed by any asset either, it largely just exists in digital form. Cash accounts for 2-3% of the fiat in existence according to some articles I read throughout the years, and even that I think is too high of a guesstimate.

Bitcoin at least is backed by the electricity needed to mine a single coin, which hovers between $7000-$8000 on average, while most fiat is issued digitally in an instant, so billions of thin air dollars require $0.000xx in electricity to produce.

Paper money at least requires electricity plus a special form of paper to produce, and it looks good too in most cases. It can be held physically, spent without internet or being censored, and so on.... only advantages.

Poor liquidity. It's helping Bitcoin to get pumped through the roof, but at the same time also subjects people to nasty 80-90% pullbacks. We all like the part where the price pumps, but when it dumps it really really sucks.

During the next bull run I'll be selling a large portion of what I own, probably 40-50% because I firstly don't think there is much potential left after that, and the fact that I don't want to go through an 80-90% correction again with full bags.

That's not entirely correct. Bitcoin becomes a deflationary currency when there are no block rewards left anymore and the coins that are in existence become more scarce because people lose them and all that.

It's quite an ingenious economical model that for now seems to work, but we'll have to wait and see how it performs throughout the next decades.... as long as the demand is present there is no reason to worry about it.

It will be interesting to see how the future plays out, but for now we don't have to worry about any of that because we very likely won't survive Bitcoin's last ever block reward decrease to practically zero.

Everything China does is to increase their already massive control over their people, and using the blockchain is going to help them achieve their goal faster and even more efficiently.

People are very excited about China's latest move to get into blockchain deep, but that move is something most people will regret having supported in the next couple of years because the real truth of China will come out.

Truth that will firstly impact Chinese people the hardest, but there is no reason why they wouldn't roll out their network to Hong Kong for example, which they want even more control over.

False. Don't believe the articles you read. China has allowed blockchain innovation to take place, nothing they recently said applies to Bitcoin or any other decentralized crypto currency.

China isn't going to open up to Bitcoin.... they are near closing that chapter, which I'm sure will end by having the mining aspect of crypto become illegal. Nothing of what China has done has ever been good to Bitcoin.

I think what people tend to do is to not just waste their time on one site where they earn dust payouts, but like a dozen or more.... added up the dust becomes somewhat of an acceptable amount after like a month of farming.

People in third world countries have very low standards, which means that what we consider to be dust, is likely not dust to them, but very decent payouts, especially when they farm their way up on many sites at the same time.

It depends on how you look at the situation. I do believe that the security of services can improve significantly, but even that may not be enough to prevent future hacks and cases of theft.

You are secure until hackers find a weak point in your system and then you have to start from scratch again when it comes to patching the weak points, and that will continue for ever because there is no hacker proof service.

Hackers can be seen as bounty hunters in the sense that managing to get into a service yields them x amount of coins.... the larger the service the bigger the bounty in case of a successful hack.

People don't seem to know what it exactly is that they want.... on one side they want to see this space actually picks up in use, but on the other side also want to see it go up and down the way it has done throughout the years.

It's not possible to have both.... use will only pick up when prices are stable, otherwise what's the point? Speculation will only continue when the prices pump and dump hard, otherwise what's the point of speculation?

I personally am fine with speculation considering the fact that in most cases we don't really need crypto.... it's volatile, not user-friendly, only attracts adoption when prices go up, and so on. Crypto is too hyped up in its current form.