Yes, if there are less than a few thousand people scattered through all corners of the earth, then probably there was NO government and no need for a government; however, when people started to live in community and to share resources and resources become limited, then the more need there is for a government.

Your explanation is ridiculous.  Sure there are various leaps of faith regarding how much we know about bitcoin and how we bet the probabilities of various events and accordingly probabilities of bitcoin's success or failure.... However, all of those various leaps of faith and various bets on probabilities does NOT rise to the level of religion.

By the way, I agree with you that bitcoin is more than just computer science and economics, and bitcoin touches on at least all of those other areas that you mention above "psychology, sociology, businesses, and politics" and probably more... but could you please discontinue with your frequent religious emphases because it seems that you are being unnecessarily provocative and misleading with these kinds of categorizing and arguing.

I claim to NOT like it and frequently I attempt to resist, but from time to time, I do get drawn in to the hype, too.   

Oh yeah... encourage him....       

I have mentioned this too.. that I have attempted to "work" a few people in my real world circles to educate them on bitcoin, and largely people that I know seem to get excited by the idea, yet remain hesitant to get involved because of various uncertainties and feelings that the matter is novel and could have more downside, especially since the price has been moving down for the last 9 months-ish, and maybe NOT enough people are "on board" yet for their liking and comfort.

People can still be really poor and afford one bitcoin or afford one fraction of a bitcoin to set aside, but people do NOT even take those kinds of beginner steps to invest or to diversify because it seems too much work for them and they just seem to be waiting for more and more momentum and ease of use.. and this may take several years for these people to jump on board with us when they begin to see bitcoin being accepted in more and more merchants.. that seems to be why high profile acceptance can be very helpful for bitcoin perceptions /image.. including e-bay or overstock or dell or Second Market or the bitdrop in Dominica or whatever may be next down the pike...

Even the ebay announcement has NOT been implemented yet and if COIN is approved that seems like it would be BIG for bitcoin... and if some country (such as Scotland, which seems to be quite a long shot even though it has been discussed in some of those scottish administrative circles) were to really take on bitcoin as their national currency, that would also add to the momentum of bitcoin.  Or if there were to be some oil tanker purchases with bitcoin, those kinds of large real world transactions (which seem to be coming some day soon) would also be BIG for bitcoin.

In retaliation, he may be boycotting the rule of the penquin....     

Probably, Jorge is attempting to figure out a new angle to attempt to get us to reconsider the various and numerous "perils" of bitcoin.  

His recent ridiculous comment about talking to most of his friends who already knew that bitcoin was "NO good" was  a fairly lame commentary.

I would NOT write him off, and he will probably continue to pursue stupid angles... HOWEVER, if he were to just set up a few accounts on the blockchain or maybe through some other services (and buy some bitcoin or a fraction thereof), he could potentially recuperate some of his bitcoin credibility.... Although, he does have some credibility and respect amongst trolls and some people who are distracted by his faux "academic" assessments of the fate of bitcoin.

I have a little bit of a pet peeve about the numerology part of things and when people seem to put so much significance (and seemingly mythology) on the occurrence of certain numbers in a series, and really, I could give a ratt's ass about the coincidence of various numbers whether those be 666 or 7777 or 8765 or etc etc...

But in any sense, some of the fun of any thread can be to take advantage of the various sensitivities and the various pet peeves of others... so sometimes, some of the posters may want to purposefully get their digs in at me, by unduly emphasizing some number series and suggesting that the number series is the most important thing in the world (even though they may NOT seriously believe what they are saying), just to show me that they could give a ratt's ass about one of my pet peeves about the mythology of numbers.

Actually, upon reflection, Jorge could dump all nearly 4000 of his posts in this thread (200 pages) and likely, we would all (including bitcoin itself) benefit from that.  

Yep.. the thread can be fairly entertaining... and even seeing people (such as me) getting somewhat worked up about the ongoing post dumps.... 

Surely, we cannot stop posters or control their posts or even establish a shared set of posting values and expect everyone to conform, b/c surely that would become too boring.. as you seem to suggest.

So deviate or NOT or conform or NOT .. whatever the fuck floats your boat... 


Actually, there will likely be some post dumpers at 8888.... .. and who knows how much ammo these "clowns" have built up.... I figure I could dump about 150 pages of my past posts.. and maybe only a few people would miss them...   

We may be thinking similarly at the time, and yes, probably we just need to continue to assess the risk as the prices go up and decide whether to put more in or to withdraw some ... so buying as the prices are down and going down and selling as the prices are going up.. though the exact amounts and the timing may vary depending upon individual perspectives of risk and the spread of their total investment portfolio.

Yes, with any asset class or investment, you can look at it after the fact and tell us what we should have done.. but that does NOT answer the question about where are YOU GONNA invest NOW!!!!  BTC or somewhere else?

Certainly the answer depends upon the person and depends on a variety of variables, including how liquid the person wants to remain..

Hey Phoenix: 

Are you gonna attempt to dump posts again when this thread approaches 8888 pages - just for lolz?   You do NOT have a lot of posts that you can dump, so maybe 30 pages at most.... ?  but I suppose that you can attempt to inspire others to dump posts, too.. but it seems to be quite childish and negative towards the historical value of this thread to engage in such dumping conduct.... even though there are short-term lolz that are created...


Anyhow, 8888 coming soon and I call it early as inevitable!!!!!....

I'm o.k. with your plan... . .however... Are you gonna buy any BTC with your fiat while BTC prices are between $500 and $1000? 

How about when BTC prices are between $1000 and $2000?

If you have an income in fiat, then as you acquire more fiat with the passage of time, what do you do with the portion of your fiat that you are investing with the passage of time?

Is there another place to invest, besides BTC?

Don't you continue to buy BTC with your investment allocated fiat, even if BTC prices are above $500? 

Otherwise, where else would you invest your fiat that would be better than BTC?

Seems pretty unlikely... you better cut your loose, and buy back at the current price (or at least in this price neighborhood).

Personally, it does NOT seem to be a good practice to separate yourself from the masses; however, from time to time (from what little I know of your internet persona) you do seem to have such verbal inclinations to attempt to separate yourself from the masses.. and surely that is your choice.

Maybe you own more than 40BTC? 

It is difficult to imagine that smaller amounts of BTC than 40BTC would be whale material in 3+ years......   

Unless, I mean if BTC goes from today's $6.5 Billion market cap to $1.5 trillion (which is NOT impossible in 3+ years), then under those circumstances, less than 40 BTC could be a sufficient quantity to be whale material b/c in those circumstances each BTC would be worth approximately the equivalent of $100k (which is about 200X today's price).   Even with that amount of 40 BTC, you would be a fairly small whale b/c your dollar equivalency would only be about $4million...

Even though a $1.5 trillion market cap for BTC seems a bit of a stretch for such an acceleration in BTC value that we could have such a market cap of BTC in 3+ years... but it is NOT out of the realm of possibilities (probably less than a 1% chance.... how much less than 1% chance, I am not really sure - speculation.. wait???).

No one is really talking about who the whales are, yet I am sure that the level of sophistication of whales differs between individuals, who act as whales as opposed to institutions that act as whales.....

Surely, if a person works for a whale institution then the agenda of that employee/agent person would be different from a person who evolves into a whale b/c of the acquisition of greater BTC wealth.

Your comment that any of us could be a whale or become a whale seems to be somewhat distracting from the point(s) that we were discussing unless you are suggesting that we can somehow relate to whale manipulators because some day one or more of us could evolve into one?   

I'm thinking that I am NO where near Shroomie's level of negative emotionalism in my assessment of what's going on in the bitcoin space, including the exchanges.  

So, if you are willing to work with me, and set aside what seems to be some of your extreme negativisms you may learn to appreciate that bitcoin amounts to more than just 6 weeks of downward price manipulation (as you seem to be focused on such doomsday depictions in your in your post history in this thread to date).

Well, in any event, hopefully "they" are paying you well to come up with your arguably witty one-liner posts.. and your attempts at creative image renderings.