ROM is not RAM.

20-22 years ago ISDN was fast. 25 years ago 56k was fast 40 years ago 1200 bps was fast and a few years before that 300 and 110 baud was nice. And a 5 MB HDD was huge and 64K of RAM was lots with a 1 MHz CPU.

20 years from now we will look back and think about how little storage, RAM, and CPU speed we had.

Given the block chain grows relatively linearly and computing power and storage are growing more (Moore) and linearly, and one get get fiber internet today (and for years) the initial sync will be improving over time.

There are also things like ZeroNet, file coin, and freenet (among others) that might be useful in hosting copies of the paper and the source.  I would be surprised if there are not copies on there already, but I haven't looked specifically for it.

Presumably one could also post the paper in snippets on Twister and similar platforms. 

1. Protection from authoritarians who want to seize the products of your life - just like the democrat slave owners in the US, who believed that their need was justification for seizing the lives of slaves
2. Avoidance of capital controls imposed by those authoritarians
3. Protection from the ravages of inflation caused by terrible polices like those above
4. Inability to censor - unlike banks, fiat, centralize crypto
5. Decentralization
6. Anonymity - more anonymity as time progresses with various upgrades to the software
7. Micropayments via second layers

In short, protection of your freedom and liberty from those who want the power to control you and the power to decide how you should live your life.  Protection of the smallest minority in the world - the individual - from the power of the majority who may believe that the minority of one has to bend to the will of a majority because they hold a gun.

Exactly.  When bitcoin his another 2 to 3 orders of magnitude from here (e.g. more than 100 to 1000 X from here) it may get more stable in fiat terms and then there will be no need to exit the bitcoin/crypto ecosystem since people will transact more in bitcoin. There is no need to exit.

Having an exit price has been a bad strategy for more than a decade and seems likely to continue to be a bad one.  Everyone who had an exit at 1, 10, 1000, 20000, etc has regretted it.

What does Donald Trump have to do with this? 

Socialists, fascists and authoritarians in general don't like bitcoin since it interferes with their control over everyone else, so the current administration won't be friendlier to bitcoin over the long term.

You hit it on the head with the comment above.  They want the money and the power that comes with distributing it.  People like Sherman (and his party) want the power to control everyone by controlling their financial lives.  His attitude is that he doesn't believe people are smart enough to make decisions for themselves, but are smart enough to vote dunces like him in to do it for them.  And his "something for nothing" mentality where "someone else" is going to pay for everything is the same mentality that the Democrat slave-owners in the old South had:  I have the right to dispose of the labors of your life merely because I want to do so.  Talk about an evil and immoral philosophy.

Exactly.  An uninformed huckster.

And who cares if they "have a plan" for bitcoin?  Musk's opinion has no bearing on the value or use of bitcoin.  

If they would adopt laws that completely protected property rights and the rule of law along with bitcoin, they would attract people and capital from all over the world.  Plenty of people want freedom and want to escape the authoritarian thugs worldwide.

It is certainly promising that they are adopting bitcoin given the way many countries are headed - the Biden administration heading towards control and less liberty for example and towards fascism or socialist dictatorship as the final goal.

No way 1 million. I don't think there is any confirmation, would anyone do that?  I'd guess in the 10k range.

Why cash out?  When bitcoin hits another 1.5 to 2 orders of magnitude in fiat terms, it will be more stable and you can just transact easily in bitcoin.

If you think you can time when to get in and when to get out, just ask the people wiped out by margin calls how that worked.  Or who sold in March 2020.

Exactly.  Any time in the last 11.5 years has been a good time to invest or mine in bitcoin and come out ahead.  Except perhaps for the last few months compared to now, but the same was true at the end of 2017.  And it was the same in 2013 and 2015 etc.

Default judgements are common when someone doesn't respond to a lawsuit.  In this case it was stupid, but not unexpected when he wouldn't respond to it.  It really has no value though except limited to that particular person and case.  

The meaning of it will likely be misrepresented.

Exactly acquafredda.

Duping people by saying pyrite is gold may work for a little while, but smart people know the difference and others will figure it out eventually.  No one should accept a digital dollar as a replacement for a decentralized, secure crypto.

A centralized coin might as well just be a database at AWS.  Anyone could have done a centralized digital dollar several decades but it makes little sense unless now you are attempting to muddy the waters in order to preserve centralized fiat currencies around the world.  

You should check out Taproot, Tapscript and Schnorr and update that "Nope".  Not to mention side chains, lightning etc.

As far as "Energy Efficient", anything can be efficient if you don't care about security.  Using energy is what keeps the network secure.  The alt-coins that promise otherwise are preying upon the naïveté of people who aren't following the security of them.

As far as "not affordable"?  Really?  You can buy any amount of bitcoin that you want so it is as affordable as you want it to be.

Login, facts, and reason seem to be missing from at least 3 of the points above.

In a statist, authoritarian society like you describe where bitcoin is illegal, bitcoin becomes MORE valuable in order to protect oneself and one's assets from these controlling tyrannical totalitarians.   At least it becomes more valuable to people who cherish liberty and the freedom to life one's life freely.

As far as nonsense like "Almost a quarter of bitcoin users , and nearly half of bitcoin transactions, are illegal." I don't believe that is remotely accurate.   Illegal where?  China?  Australia? Austria?  India? US?  Taiwan?  Hong Kong?  Mexico?  Brazil?  South Sudan?  Korea?  North Korea?  If you meant that half of all bitcoin transactions are illegal somewhere, I would agree, but the rest of the world shouldn't care what China, Cuba, North Korea or other totalitarian country thinks.  

So, yes, bitcoin, encryption (non-backdoored) and crypto will be even more important if countries turn towards a repressive, confiscatory, autocratic regimes.  Let's hope they don't go down this illiberal path, but with the rise of the authoritarian socialists/fascists in the US nothing is certain.  If the entire world adopts these despotic, oppressive rules like you describe, bitcoin will be a haven for the black market, free thinking individuals until liberty returns to the world.

I think people were thinking it was "the moon" when bitcoin hit dollar parity.  Let alone the ones above!  :-)

PTJ's thoughts on it are obviously good for adoption.  The more people who are respected in the hedge fund and Wall Street areas understanding the value that bitcoin brings, the better of course.  One alone?  Not enough - unless, perhaps, it is Gary Gensler and he approves an ETF.  

In the short term, I agree it will have little impact on the average user.  In the middle to long term, it will have a tremendous impact on all users whether people realize it yet or not.  Tapscript, Schnorr and Taproot enable a lot of new uses and make many things faster, easier and more private.  It should be huge news.

I found it interesting which places in the mainstream did actually cover it.  The largest one I saw was CNBC  https://www.cnbc.com/2021/06/12/bitcoin-taproot-upgrade-what-it-means.html  so it wasn't widely covered from what I could see.

Perhaps not, but the benefits will be much greater than lightning.  For me the first halving was an interesting thing to be a part of, this is similar.

As far as hours, I considered counting by blocks and (obviously) knew the count, but thought it was more useful to say hours from posting.  :-)

Some poor people, some middle income people have expressed their disdain towards bitcoin also.  Does that mean all do?  Of course not.  Ditto for "rich" people.   Plenty of rich, middle income, and poor people like the promise of bitcoin.  Plenty of the same don't like it.  It is meaningless to extrapolate from the likes of Buffett to make many conclusions based on his level of wealth.

The reason why is simple:  people have their own areas of expertise and are entrenched in it in many ways.  There were a ton of people in 2009 and 2010 who hated bitcoin, and most of them were tech people who didn't have a deep enough understanding of it to realize the potential.   It has been the same every year since: there are a lot of people who say "tulips", "ponzi" and "scam" and there are plenty of people who understand the benefits and who know that bitcoin has the ability to let people protect their assets from the greedy, grasping hand of politicians of the authoritarian (fascist, socialist, communist etc) stripe.
 
One key point is that many of the people who don't like bitcoin - e.g. Buffett (2 Ts), Soros et al - have a vested interest in the status quo and the ability to have a hidden inflation tax on everyone.  Others (such as Trump) haven't had the benefits properly explained to them and have advisors who don't want to explain the benefits properly.

The next day will be a big day for bitcoin since it looks like Taproot will lock in in about 20-24 hours (124 blocks as of this writing) - barring some craziness.  Like the first halving, lightning etc, I suspect that plenty of people will be watching it closely to mark the occasion.  All in all, this should be a big positive for the ecosystem.