Scheiss Arbeit, das muss aufhören!

Still the best one out there.

This wont happen. As opposed to for example with gold mining, with bitcoin mining, the cost of production decreases with price (indirectly by: price decrease -> some miners shut down -> difficulty decrease -> production cost decrease), because production is kept constant artificially, no matter how hard miners dig.

So unless "most miners" are irrational and mine at a loss, what you say can't happen.

That said, i maintain that for the bull market to restart we need to at least halve the network size first as happened in late 2011.

What logic are you basing that on? That less fresh fiat needs to be input just to pay for mining?

What do you mean by "size of network"? Total operating cost of mining? Aggregate hashrate?

This is a very important level... I'm sure we will either have a quick bounce up or another continued slow bleed down. I think we will test 400 again soon, what do you guys think?

$50 steps are NOT important, doesn't matter if it is $750 $250 $850...

Most people only care about $100 steps, such as $400 $500 $600 levels.

i actually think the underlying problem here is that some of us see Bitcoin as Sound Money who's sanctity is to be protected at all costs, like me, and others see it as an avenue to develop stocks, bonds, community currencies, assurance contracts, smart contracts, etc, etc.

as Bitcoin stands, it makes anything other than money very difficult to implement.  i've talked about this for years here.  how many times have i said "The Blockchain may only ever be applicable to Bitcoin as Money"?

if you don't buy into this view, then SC's seem like a natural thing.  who cares if somehow a little inflation, centralization, or trust requiring needs slip in the backdoor?

I might add. It is about power, not about money. The world is abundant with resources currently, it can be proven by observing that 90% of people in western countries do not do useful work, rather all they do is connected to generating money to pay taxes, and the taxes in turn pay the jobs that do not exist to produce anything, except more suffocating control and making it even more difficult for the minuscule minority to live and produce.

There is no need to collect taxes, if there was no need to enslave people in the system. When you pay taxes next time, remember that none of it (in general) is used in anything else but to enslave you even more with the system. If all taxes would be abolished, the people would do just fine. The production of useful goods would not suffer. Only all the jobs that only exist to systematize human life would disappear since no one would even consider paying for them from his own pocket.

No it was not always like this. This is the endgame. Most of the degradation has happened in the last 50 years, and the last 25 years have already brought great advances, but also shown the totality of the dystopy that the self-proclaimed "elite" will want to force on us. In my understanding, we are about to enter in the millennial kingdom, and the evil enslavement plans will suffer loss.

Personally what puzzles me the most, is how it's only so tiny percentage of people who get it. It's just sad to see them in the law courts judging me for non-compliance with the enslavement, and nothing at all they understand what is going on. Christians, at minimum, should realize that compliance with the enemy is not ok. And with adequate revelation, this does force some changes in your life (to the better, ofc )

I don't really buy it. The logic recipe is the same I've seen all over conspiracy forums: a handful of unverifiable evidence, a healthy dose of hyperbole, a smidgen of paranoia and a dash of bad storytelling. Check out the full-on schizophrenic conspiracies... those are great fun to read and would make great fiction if the writers didn't actually believe what they wrote.

But let's pretend that you're right. By your reasoning the NSA/government has access just about everything... social media, bittorrent, hardware, operating systems. Even Linux is likely backdoored. That gives them access to basically everything. What about whistleblowers? Of course they are plants to placate us. So we're all doomed. What's the solution? Altcoins? Those would be eventually compromised too...

Abandon all hope? OK, if you say so

In reality if Gavin's credibility were ever put into question, he would be replaced in a heartbeat by consensus. There are many other devs who contribute to Bitcoin code. Also, how do Central Banks/governments change the Bitcoin protocol to further their tyrannical control if the consensus is left to the miners?

Is it really that simple, or do we live in an imperfect world with imperfect individuals attempting to run imperfect systems of governments?

Look, I'm not opposed to conspiracies. I simply think that most of them are a lazy cop-out without much merit. They're good stories, but that's it.

My point is: looking at the 2011 decline from $32, I simply can't imagine there was any substantial capital in the hands of what you'd call 'traders', otherwise there would have been the occasional pause when a major resistance was being hit and traders, on average, closed a short to see where price is heading.