[ https://medium.com/bitcoins-digital-currency/how-to-explain-bitcoin-to-a-7-year-old-a9a8c094feaf] How to Explain Bitcoin to a 7-Year-OldI’ve been explaining how Bitcoins work since 2010. Here is the simplest analogy I’ve discovered that explains transactions, anonymity, and coin production. There’s a room that anyone can access. The room has security cameras that anyone can view, and every second of recorded footage is available online forever. The room is filled with indestructible piggy banks made of transparent plastic. Naturally, these piggy banks have coin slots, and everyone can see which coins are in which piggy bank. These piggy banks can never leave the room. Each person has a key that can open their piggy bank. Let’s say I want to buy a pair of alpaca socks, and you want to sell them. First, you tell me which piggy bank is yours. Then, I walk into the room with a ski mask on. Anyone in the world can see me on the security cameras, but not my face. Next, I unlock my piggy bank, take some coins out, then put them into your locked piggy bank. I leave the room. Now, everyone in the world knows that your piggy bank has coins that were previously in my piggy bank. This is the case with every transaction, so everyone knows the history of every coin. “So where do the coins come from? How did it start? Who got the first coins?” There’s a robot in the room that runs lotteries. Every so often, this robot randomly chooses a piggy bank in the room, and puts 50 coins in it. When it first started, there weren’t many piggy banks in the room since nobody knew about it. Back then, it was easy to win the lottery. Today, there are millions of piggy banks in the room, so your odds aren’t very good. “Ok, couldn’t someone make their own fake coins?” No, because everyone has records of every coin in the room, and they know when the robot hands new coins out. If a fraud were to put fake coins into his own piggy bank, everyone would know that those coins were never handed out by the robot, and wouldn’t accept them. “Who made the robot..?” Supposedly it was a super genius Japanese man named Satoshi Nakamoto, but nobody knows for certain. Since the security camera footage is available from 2009, we can see that the robot was putting coins into a piggy bank since day 1. We assume it’s Satoshi, but that’s about all we know. “… Crazy.” From Tony Diepenbrock IV on medium. Or you can also watch this excellent video: bitcoin 101: https://youtu.be/Bhe61JaNFLU |
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This is amazing, but they were different forks because we did not receive them on our wallets just like it happened with the last two forks (bitcoin cash and bitcoin gold) because they were instantly credited on our wallets. And Litecoin is just a copy of the code of bitcoin, that is not exactly a hard fork or just a fork of bitcoin, because it is a clone.
The same with the other alts, i have never heard about them, not even seeing them listed in somewhere.
For your information, many of the hundreds/thousands of crypto currencies are listed here: https://coinmarketcap.com/ |
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Satoshi left a text message in the first mined Bitcoin block which reads 'The Times 3 January 2009 Chancellor on brink of second bailout for banks'. The text refers to a headline in The Times published on 3 January 2009.
What do you think this means and why was this done?
This is the date on which the first block was mined along with a incident that took place on that date to prove that actually the first block was mined on this date which created a revolution. A revolution indeed!!! |
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Bitcoin: A Hedge Against The $152 Trillion Ponzi Debt Bubble
Global fiat issuance of currencies in the form of banknotes as well as credit has been devaluing the wealth of cash savings, fixed incomes, and paychecks.
Such an incredibly stupid statement I wouldn't even know where to start. How about this: - paychecks have not been "devalued" over time - cash savings has not been "devalued" over time - fixed incomes have not been "devalued" over time I guess that's a start. But the person who made the statement is a billionaire and that holds some value. Haha yah. Bitcoin: A Hedge Against The $152 Trillion Ponzi Debt Bubble
snip
Such an incredibly stupid statement I wouldn't even know where to start. How about this: - paychecks have not been "devalued" over time - cash savings has not been "devalued" over time - fixed incomes have not been "devalued" over time I guess that's a start. LOL nice joke. Its obvious as time goes on all of those have devalued. Just so others understand your joke: - paychecks have not been "devalued" over time the fiat from paycheck 10 years ago buys today less (good) higher education, less rent (or purchase) of desirable real estate, less high-skilled labor for a new business, less good healthcare/hospital costs = DEVALUED the fiat from paycheck 20 years ago buys today less (good) higher education, less rent (or purchase) of desirable real estate, less high-skilled labor for a new business, less good healthcare/hospital costs = DEVALUED - cash savings has not been "devalued" over time the fiat from cash savings 10 years ago buys today less (good) higher education, less rent (or purchase) of desirable real estate, less high-skilled labor for a new business, less good healthcare/hospital costs = DEVALUED the fiat from cash savings 20 years ago buys today less (good) higher education, less rent (or purchase) of desirable real estate, less high-skilled labor for a new business, less good healthcare/hospital costs = DEVALUED - fixed incomes have not been "devalued" over time the fiat from fixed income (ie social security check or fixed pension payment) 10 years ago buys today less (good) higher education, less rent (or purchase) of desirable real estate, less high-skilled labor for a new business, less good healthcare/hospital costs = DEVALUED the fiat from fixed income (ie social security check or fixed pension payment) 20 years ago buys today less (good) higher education, less rent (or purchase) of desirable real estate, less high-skilled labor for a new business, less good healthcare/hospital costs = DEVALUED Thank you though. |
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Hahahaha - all four are baseless heeheheehee thank you for tickling my funny bone. All four addressed: Governments powerless to control bitcoin, bitcoin for almost a decade always had exchange value globally, bitcoins scarcity and resilience against THOUSANDS of other cryptos underlines the point you will not see a perpetuous fall of Bitcoin, and wallets are designed pretty safely but must always beware of operator error. Things to be more feaful about is fiat-debt-slavery system: Central banks control and have a MONOPOLY on credit/currency issuance in each country. Additionally Central banks control the media in every region. Thus will TRY to influence opinion on things like bitcoin. They will not allow competition and they've even banned bitcoin worldwide since 2013 training tellers to block/stop transactions if "bitcoin" is mentioned. Four full years and the powerful central banks have been rendered POWERLESS TO BITCOIN'S decentralized strength. Bitcoin keeps growing and growing in every country. The people around the world are becoming too smart in seeing through the fiat currency schemes. And it has become clear that... Bitcoin CANNOT be controlled.
Bitcoin cannot be made legal. Governments may still attempt to do so. They can never have such domination on Bitcoin.
Bitcoin cannot be made illegal. Governments may still attempt to do so.Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list: https://bitcointalk.org/index.php?topic=1853019.0 WHO WILL PROTECT ME FROM THESE HORRIBLE FIAT CURRENCY BUBBLES?? CAN SOMEONE PLEASE STOP BLOWING BUBBLES OF EXTRA FIAT MONEY AROUND THE WORLD? (PLEASE NO MORE USD, EUROS, JAPANESE YENS, INDIAN RUPEES, CHINESE YUAN, MEXICAN PESOS - PLEASE STOP INFLATING AND MAKING BITCOIN SO VALUABLE)...stop this pumping  https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/
Recommend reading post: "Hacks Puppets and Forks - How to destroy Bitcoin"
https://bitcointalk.org/index.php?topic=1834310.20
Bitcoin has the highest value because of the totality of what it is - if it lacked the features of what it is, then there would be no value.
If it can be shutdown, and have assets frozen by a bank or government, there would be no value
If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
If it was exactly like fiat and only did transactions, there would be no value.
Bitcoin has all these together to make the most value and increasing more than any other financial-asset option coming from the fiat central-banking debt-system.
Though it is still very early adoption not even 1% adopted yet (most people everywhere don't know what it is)...
Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Buying Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin.
Central banks already control and manipulate Stocks, Real Estate, Gold, Interest Rates. Central banks will never have such domination on Bitcoin.
Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter.
On the opposite end of the spectrum the global fiat (US Dollars, Indian Rupees, Chinese Yuan, etc) bubble system broke a couple of decades ago.
Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-using enforcement labor to freeze accounts and assets and take away your money
-costs of auditors and budgetors and accountants to governments and businesses
Bitcoin, systemically, is free from these burdens.
Be wary of things outside of bitcoin especially when other things start throwing around the word 'blockchain'.
A non-decentralized "Blockchain" is a private database....Private databases has virtually no value!
BLOCKCHAIN without bitcoin = SCAMCHAINS, useless unsecure private databases
BLOCKCHAINS without bitcoin ARE SIMPLY PRIVATE DATABASES that every small business has even a coffee shop = NO VALUE, its like fiat currency, small minimal value!
BITCOIN BLOCKHAIN = SECURE IMMUTABLE VALUABLE OPEN-SOURCE DECENTRALIZED FAIR (scarce bitcoin supply). Globally people poured over $80Billion (USD) equivelent value into bitcoin and this will increase with time.
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To be honest, I am impressed with the technology and possibility of it. Yes, I do speculation too as I think, being an early adopter you get the benefit of multiplied returns in the long run and as of now, this technology is in the beta stage in my opinion.
The world is getting decentralised in terms of business, politics and in every possible way so making it decentralised financially and that too without the support of any authority or controlled group of people is really a drastic move and I see tremendous possibilities with it in the coming decade.
Yup, Bitcoin is probably just under 1% adoption in population ..... could you imagine the shifts in the world if it reached 7% adoption in population!? |
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The reputation of bitcoin is getting destroyed slowly because of the forks that has been launching for bitcoin and it seems that it doesn't affect the performance at all because i believe that the reason for having forks are to improve the quality of the coin and to make major improvements that everyone would feel after the launch of fork but right now it is just like making forks that will completely just for money and not improvements.
Or is it the reputation of Bitcoin is getting stronger with the passage of time? Amongst the fields of a plethora of forks from Bitcoin and thousands of cryptocurrencies to compete with Bitcoin....Bitcoin has always remained the king. Maintained for many years even as hundreds of other cryptos fade away. Right? |
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Yesterday, BlackRock Strategist Richard Turnill said there’s no inherent right or wrong Bitcoin price, no fair value. On multiple occasions Bitcoin has been criticized for lacking fair value. I haven't come across any stats or traditional methods that can be used to calculate Bitcoin's fair value, but does that mean Bitcoin doesn't have a fair value? I found an article on Investopedia about how to measure Bitcoin's fair market value. I don't think this framework is statistically accurate, but theoretically plausible. Almost all predictions regarding Bitcoin price are speculative in nature, but backed by a solid belief that Bitcoin's scarcity and its underlying technology is potentially revolutionary which would have an impact on different sectors. Bitcoin has value because people think it has value, right. It means Bitcoins have positive expected value. The total market value of a currency, its "monetary base", is driven by two things, transactional demand and reservation demand. 1. Transactional demand - Daily transaction volume. 2. Reservation demand - Hoarding/long-term investment. It is expected that with more merchant adoption the transactional demand would increase. 3. Hurdle rate - Rate of return required to compensate for the risks associated with holding Bitcoin. Yeah, technopolitical hurdles or backlash from a country can have an impact on Bitcoin's expected value. Theoretically, the fair-market value of one BTC should simply be the dividend of its predicted future monetary base (total market cap) and BTC in circulation, discounted by a "hurdle rate." For further illustration, it might also help to consider how a venture capitalist could determine the net present value of an investment that he never expects to generate positive cash flows during his firm's investment period (e.g. a high-growth tech company that reinvests 100% of its earnings before it ultimate sells to Google). In the absence of earnings, that VC might look at revenue multiples to determine the company's terminal value, and then discount that figure by a rate of 40 to 60%.
With Bitcoin, the thinking is the same. Except Bitcoin's terminal value is actually its future monetary base. This framework relies on assumptions only, but backed by Bitcoin having all the attributes of money, its scarcity and underlying technology. A rational market price for something that is expected to increase in value will already reflect the present value of the expected future increases. In your head, you do a probability estimate balancing the odds that it keeps increasing.
http://www.investopedia.com/articles/investing/050914/easy-way-measure-bitcoins-fair-market-value-doityourself-guide.asp?Always appreciate your posts. Just a thought, if a large merchant were to accept bitcoin and have a policy to immediately convert any bitcoin received to fiat - this would in theory create more selling volume?....however, who in their right mind would spend bitcoin instead of using fiat or credit to buy stuff at a merchant store? It ended up being two thoughts but the second one negates the first, right? |
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Good, finally some people writing about Bitcoin being something beneficial! Not only that, they recognize the global economies are built entirely on an ever-inflating debt scheme which will never, ever get paid off and will have to collapse before anything happens! Who would have guessed they would make something that actually reflects reality (to some extent)?
Most of the time you never see any kind of positive comments about Bitcoin, seeing some people finally talk about the global economy being completely unsustainable, and Bitcoin being a hedge against the entire thing, is actually kind of nice to be honest. It doesn't have to affect the price at all; the news itself is good enough imo.
Yah its inspiring to see the discussion! Hopefully it becomes clear to those still learning that Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter. On the opposite end of the spectrum the global fiat (US Dollars, Indian Rupees, Chinese Yuan, etc) bubble system broke a couple of decades ago. Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with: -regulatory burden on fiat banks & system (incredibly costly) -unemployment & other welfare costs -inflating fiat to keep stock market rising and to keep house-prices from collapsing -financing conflicts, bombs, and "aid" -insurance fraud -false claims and insurance loss-events -stabilize regions after natural disasters -keeping monopolies with internet access centralized and search engine crawlers centralized -money laundering -chargebacks -frivolous legal costs (lawsuits bogging the system down) -state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists) -retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations) -fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice) -using enforcement labor to freeze accounts and assets and take away your money -costs of auditors and budgetors and accountants to governments and businesses Bitcoin, systemically, is free from these burdens. |
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I'm looking at that website from a developer perspective and I have a headache lol... it is a neat visualization though.
LOL - this made me laugh. |
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Satoshi left a text message in the first mined Bitcoin block which reads 'The Times 3 January 2009 Chancellor on brink of second bailout for banks'. The text refers to a headline in The Times published on 3 January 2009.
What do you think this means and why was this done?
One interesting point, banks are still being bailed out today, 8 years after that story was published. By january 3rd, 2009, we had witnessed how the bailout was structured. Chris Dodd the author of the TARP bill made a request to banks asking them for whatever terms they wanted. Whatever terms banks wanted they received. <snip> whatever terms they wanted. Whatever terms banks wanted they received. - how scary is that!? |
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That would be ideal but you have to think about the government. It survives off of collecting taxes. it would disintegrate if everyone just only used bitcoin without any regulation
Well then the economy of a government fall down if it is without taxes. Because if all transaction would eventually go to bitcoin, then their will be no money for the government and it will go to businessmen or corporation. That would mean big conglemerate is getting richer while the government itself is just stuck. Unless the government would make services with bitcoin, then it is really hard for the economy to increase without taxes. Opposite. The big conglomerates would become weaker and smaller/go out of business if governments got weaker or smaller. Governments together with big banks protect the big congomerates and basically feed an anti-competitive environment especially as regulations are introduced. The biggest and richest can easily comply with any such regulations and also can afford to pay for sponsoring to make more regulations to stave off competition. |
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Africa is covered by demand for crypto-currencies !!! Now Bitkoin.Africa allows customers from all African countries to buy bitcoins, quickly and without problems. Nigeria became the first country to exchange P2P digital assets, seeking to facilitate access to bitcoin throughout the African region. Bitkoin.Africa was launched by a team of Nigerian developers on October 1 Have a nice day, everyone!  There ate lots of good news I've read about bitcoin today. More and more countries are accepting it now. This could only mean one thing, more and more people also will buy and use bitcoin. As a result, the price of bitcoin will soar up high. No. Wrong. There is not more and more countries accepting it. There are more and more governments rejecting it. But there are many many peoples of the world in almost all the countries still seeking it, buying and investing in it despite everything. The fiat currency global system is a debt-based conflict-funding system that wants to keep its monopoly (by the central banks). Central banks controls the governments in each country. Central banks control and have a MONOPOLY on credit/currency issuance in each country. Additionally Central banks control the media in every region. Thus will TRY to influence opinion on things like bitcoin. They will not allow competition and they've even banned bitcoin worldwide since 2013 training tellers to block/stop transactions if "bitcoin" is mentioned. Four full years and the powerful central banks have been rendered POWERLESS TO BITCOIN'S decentralized strength. Bitcoin keeps growing and growing in every country. The people around the world are becoming too smart in seeing through the fiat currency schemes. And it has become clear that... Bitcoin CANNOT be controlled.
Bitcoin cannot be made legal. Governments may still attempt to do so. They can never have such domination on Bitcoin.
Bitcoin cannot be made illegal. Governments may still attempt to do so.Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list: https://bitcointalk.org/index.php?topic=1853019.0WHO WILL PROTECT ME FROM THESE HORRIBLE FIAT CURRENCY BUBBLES?? CAN SOMEONE PLEASE STOP BLOWING BUBBLES OF EXTRA FIAT MONEY AROUND THE WORLD? (PLEASE NO MORE USD, EUROS, JAPANESE YENS, INDIAN RUPEES, CHINESE YUAN, MEXICAN PESOS - PLEASE STOP INFLATING AND MAKING BITCOIN SO VALUABLE)...stop this pumping https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/
Recommend reading post: "Hacks Puppets and Forks - How to destroy Bitcoin"
https://bitcointalk.org/index.php?topic=1834310.20
Bitcoin has the highest value because of the totality of what it is - if it lacked the features of what it is, then there would be no value.
If it can be shutdown, and have assets frozen by a bank or government, there would be no value
If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
If it was exactly like fiat and only did transactions, there would be no value.
Bitcoin has all these together to make the most value and increasing more than any other financial-asset option coming from the fiat central-banking debt-system.
Though it is still very early adoption not even 1% adopted yet (most people everywhere don't know what it is)...
Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Buying Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin.
Central banks already control and manipulate Stocks, Real Estate, Gold, Interest Rates. Central banks will never have such domination on Bitcoin.
Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter.
On the opposite end of the spectrum the global fiat (US Dollars, Indian Rupees, Chinese Yuan, etc) bubble system broke a couple of decades ago.
Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-using enforcement labor to freeze accounts and assets and take away your money
-costs of auditors and budgetors and accountants to governments and businesses
Bitcoin, systemically, is free from these burdens.
Be wary of things outside of bitcoin especially when other things start throwing around the word 'blockchain'.
A non-decentralized "Blockchain" is a private database....Private databases has virtually no value!
BLOCKCHAIN without bitcoin = SCAMCHAINS, useless unsecure private databases
BLOCKCHAINS without bitcoin ARE SIMPLY PRIVATE DATABASES that every small business has even a coffee shop = NO VALUE, its like fiat currency, small minimal value!
BITCOIN BLOCKHAIN = SECURE IMMUTABLE VALUABLE OPEN-SOURCE DECENTRALIZED FAIR (scarce bitcoin supply). Globally people poured over $80Billion (USD) equivelent value into bitcoin and this will increase with time.
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This is exactly why I tell people we are still in early days. I mean we arent going to eat a majority portion of that money, but even just grabbing a small amount, we have a large potential for growth.
exactly. Five years from now, towards end of 2022, isn't everyone going to point to today and how could you have passed on such an amazing opportunity!? |
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Sincerely I don't see any kind of connections with Catalonia and Btc Prices because when the referendum happened price didnt make any great moving. But I think it may affect Bitcoin indirectly because of the fiat changing price, and the recently movement of Bitcoin is because of that fork thing which can be back to stabilize after 25th october.
Catalonia has declared independence today, it is all over the news in several countries now. Europe is going to go throught a major crisis with this I think. People living in Catalonia are going to get scared about bail ins, so there is a big incentive to have your wealth in bitcoin right now if you live in Catalonia. Who wants to leave their money in a republic with no international recognition and in the hands of some communists? Once again bitcoin holders will profit and fiat holders will suffer from all of this. Most likely the central government of spain will soon pass some serious measures to establish order which will only escalate the problem to an higher level, but if you are holding your wealth in bitcoin you are unaffected. It is the wonders of holding an asset that belongs to no country. Bitcoin is a pretty nifty technology for escaping bad fiat systems in times of turmoil, eh? It just goes to show that any sort of "Union" between regions will fail, regionalism is too strong and most governments don't seem to want to accept that people have ties to where they came from and aren't interested in locking their history, culture, or whatever else, away under the guise of being united under some banner. I'd like to see what the response is from the rest of the EU about this; if Catalonia can actually manage their independence well then there might be more regions within EU countries attempting to push for their own independence, which would be a disaster for all involved. Yes, the world is a very interesting place. Each one of us have personal decisions to make that in aggregate affect the world. |
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I think a great example for an exchange is BTC-e. I mean even after getting shut down they came back and are still going. Props to them.
Yah, so what are the details of BTC-e coming back online? HOw much trust can be put on it? Can anyone help elaborate details for this? In hte meantime, I'm really looking forward to be exchange-less with cross-chain atomic swaps! bump. anyone? |
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Anyone here use BISQ yet?
Your experiences?
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I always hear something along the lines of 1, 4, and/or 5:
1. "Oh, it's already too expensive, I cannot afford to buy it."
4. "What backs up Bitcoin? For example US Dollar is backed by Trust (all time favorite response Cheesy), but what backs up Bitcoin?"
5. "The market is way too volatile to invest."
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Hahaha this is a silly notion as...
...Dead people cannot be on today's rich list. Satoshi died a few years ago.
But guarantee you Satoshi was incredibly proud even a few years ago to see Bitcoin reach escape velocity to the point where there was, and will never be a central point of failure. It would live on, be immutable, open, and retain integrity. Even back then, Satoshi knew what that meant...years into the future.
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Has anyone considered that perhaps Wu/Ver might be trying to make a BCH move when bitcoin corrects? Perhaps even higher than its original .2 stake? Not that I'd go to support it, just thought it might be an optimal time to pump BCH when a correction starts.
I somehow think this would be a classic move and perhaps their only move.
BCH always will be and always has been a weak altcoin compared to Bitcoin - it didnt decentralize miners nor did it alleviate any bloat but contrarily added it with fat big blocks, exists in a world where original bitcoin still exists which is better in everyway, and BCH also stuck in the world of ASIC miners....and worst of all got to where it is without traditional consensus. |
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