Does anyone know any exchange?
No exchanges yet. |
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Another bump in the road! --- [Bitsonline] - Bitcoin’s 21M Limit Means It Can’t Be a Currency: China Central Bank Adviser July 8, 2017 by Jon Southurst Bitcoin’s 21 million supply cap is one reason Bitcoin can’t work as a currency — says one adviser to the People’s Bank of China. However, he said, it can still be considered an asset. Currency Must Have ‘Fundamental Attributes’ Reuters reported that PBOC adviser Sheng Songcheng made the comments in an interview with financial magazine Yicai on Thursday. The reasoning behind his viewpoint was: “Bitcoin does not have the fundamental attributes needed to be a currency as it is a string of code generated by complex algorithms … But I do not deny that virtual currencies have technical value and are a type of asset.” He also cited price volatility and the 21 million BTC cap, which will be complete in the year 2140, as other reasons. Such inflexibility meant Bitcoin could not meet modern economic development needs, which requires the money supply to be flexible according to the current condition. --- This is another thing I've been saying and it is technically true. You want 3%-5% inflation [although that will certainly be abused with time]. Regardless, it is reality - even Gold inflates. This will never change. Ever. All kinds of pipe dreams are gonna pop soon. If ONLY bitcoins were capable of being divided down to decimal places - say 8, for sake of argument - then perhaps the Chinese Fed would reconsider their recent position. If 8 ain't enough, then go 8 more decimal places. I'm no crypto guru, but me's think that that would solve the 21M bitcoins cap issue, in essence having more units of bitcoins then there are, say, ounces, if not grams or specks of gold - OR MAYBE EVEN GRAINS OF FUKIN BEACH SAND. I've heard heard this argument before. It's misguided. If you hold 1 BTC for 100 years and the cap stays at 21 million [holding all things equal] how much purchasing power have you lost? How much interest has been paid out? So how is bitcoin inflationary? Like all premises so far taken by those in crypto the same mistake is taken now. There are multiple reasons why governments need a "flexible" money supply. And a 21 million hardcap fails to give them that. I don't care personally. I just wanna see it go mainsteam. Make it work or cooperate or they'll choose a coin that does it all. |
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Ok you got me on the mining asteroid thing, but as far as any new gold existing it will never happen. The gold that they "found" was already on Earth and therefore not inflated.
For 5,000+ years gold has never had a static supply. What makes you think that will change in the next 5,000 years? So one has to assume a constant inflation of gold. Furthermore, most of the earth has never been explored. There is no way to know how much gold is really out there and if anyone ever finds an astronomical sized mine it's not like it's in their best interest to advertise it. Also, there is no way to know for certain that earth's gold reserves aren't replenished. Just like there are theories now that we will never run out of oil because the earth replenishes it [and it doesn't take million of years] so it may be for gold. Finally, nobody knows the "fixed" supply of the gold on this planet so it's a mistake to presume some arbitrary number, especially if one takes into account the above possibilities. Then there's asteroid mining. Which I think is bunk stories but you can't dismiss them. |
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Another bump in the road! --- [Bitsonline] - Bitcoin’s 21M Limit Means It Can’t Be a Currency: China Central Bank Adviser July 8, 2017 by Jon Southurst Bitcoin’s 21 million supply cap is one reason Bitcoin can’t work as a currency — says one adviser to the People’s Bank of China. However, he said, it can still be considered an asset. Currency Must Have ‘Fundamental Attributes’ Reuters reported that PBOC adviser Sheng Songcheng made the comments in an interview with financial magazine Yicai on Thursday. The reasoning behind his viewpoint was: “Bitcoin does not have the fundamental attributes needed to be a currency as it is a string of code generated by complex algorithms … But I do not deny that virtual currencies have technical value and are a type of asset.” He also cited price volatility and the 21 million BTC cap, which will be complete in the year 2140, as other reasons. Such inflexibility meant Bitcoin could not meet modern economic development needs, which requires the money supply to be flexible according to the current condition. --- This is another thing I've been saying and it is technically true. You want 3%-5% inflation [although that will certainly be abused with time]. Regardless, it is reality - even Gold inflates. This will never change. Ever. All kinds of pipe dreams are gonna pop soon. |
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I came, I saw, I busted a nut. I guess the dudes starting the revolution were on break, eh? That, or some Romanian grandmother was having a fire sale on premium throwing apples, so they all rushed out to get them some.
Let me guess, you're iisnotvlad? Haha. Ping me dude! I had a really busy day yesterday. |
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It takes real guts to pull that off on stage. HUGE AUSSIE BALLS!!! I got mad respect for Dr. Wright!!! You guys ain't seen nothing yet. The real WAR hasn't even started yet. I can't wait to give you all a piece of my rage.  |
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Craig Wright seemed on edge during his speech but never incoherent. If Wright truly is Satoshi or a member of an organization operating as Satoshi he must be under incredible pressure to ensure that his magnum opus remains untarnished by these profiteers seeking to hijack Bitcoin.
Bingo!!! That's exactly how I see it. I warned you guys a year ago that Satoshi was gonna come back angry and was gonna turn cryptoworld upside down. Why don't you monkeys ever listen? |
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Vlad, you seem like a very knowledgeable person, and I have just spent 20 minutes sifting through this mountain of a thread to come to a clean and digestible conclusion about your 'the end is nigh' posts...
Might you be able to do a TL;DR abbreviated version? A praisie/summary/conclusion/roundup of your thoughts?
Most gleefully appreciated - Couture
I friend of mine summed up what I've been saying for nearly half a decade really well. If bitcoin splits in multiple pieces then: - The immutability myth will vanish. - The consensus crap will be fantasy. - The decentralization a fairytale. - Anonymity bulls**t. - Cheap and fast transactions a lie. One thing is for sure though - crypto is the future so then the big questions is, where will users, miners, merchants, banks, corporations, etc., go when they finally wake up to the obvious truth? And apples - Romanian grandmas do love handing out apples. |
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You sick bastard! We all know that Vitalik was killed in an automobile accident the other day. Try keeping up with the news.
Haha. A couple days ago? The death stench hasn't even kicked in yet. Better get to it before rigamortis ruins all your fun. |
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You sick twisted sumbitch. Try a Russian - Vitalik is available. And he's rich! Can you picture his O face?  |
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My kind of people. Good cookies or not. Strange that you knew that factoid. Then again, you are permastrange.  |
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The IMF LOVES Crypto!!!
--- [Cryptocoinsnews] - While presenting a new report about virtual currencies at the World Economic Forum, Christine Lagarde, the director of the International Monetary Fund (IMF) speaks for virtual currencies and their underlying technology’s potential to become a powerful tool. A new report by the International Monetary Fund praised the benefits and innovation that comes with virtual currencies. It calls for a balanced regulatory framework that should be mindful of the innovation at hand. --- On top of it they're ENCOURAGING banks to get involved in Crypto!!! SHOCKER!!! Having said this stuff for nearly half a decade now, I'm starting to feel like a broken record. Can we move to the next phase already so I can have some challenging fun again? SHOCKER!!! Here's Christine Lagarde from Octorber of last year -> https://cointelegraph.com/news/imfs-christine-lagarde-says-banks-will-adopt-digital-currencies-in-5-years-timeSHOCKER!!! It's gonna happen much sooner and banks have actually been secretly investing in Crypto since at least 2013. AND AND AND... I've been saying these things since the beginning when it was considered crazy talk. See? Where's my prize, dude? And a cookie!!! |
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The IMF LOVES Crypto!!!
--- [Cryptocoinsnews] - While presenting a new report about virtual currencies at the World Economic Forum, Christine Lagarde, the director of the International Monetary Fund (IMF) speaks for virtual currencies and their underlying technology’s potential to become a powerful tool. A new report by the International Monetary Fund praised the benefits and innovation that comes with virtual currencies. It calls for a balanced regulatory framework that should be mindful of the innovation at hand. --- On top of it they're ENCOURAGING banks to get involved in Crypto!!! SHOCKER!!! Having said this stuff for nearly half a decade now, I'm starting to feel like a broken record. Can we move to the next phase already so I can have some challenging fun again? |
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But how can we protect the women and children? Circle the wagons?
The women ain't worth it and you can always have more kids. Save your Bitcoins - that's all that matters in this life. |
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Are you muppets ready for the Split?
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nChain is developing an alternative Bitcoin software client that aims to compete with the offering developed by Bitcoin Core.
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Such little time and so many muppets to REKT!!! |
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I give! Exactly where is this Vlad cloning facility located?
It was in London a couple nights ago at the Robbie Williams concert. And dude, you can't ever clone a Vlad. Terrible Terrible things will go all wrong with the universe. |
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