From the r/K angle, most of the worlds population are rabbits. It would be surprising if most people didn't think bitcoin is a scam or bubble or any of the other synonyms.
We are the few, the intelligent, the brave. We are those who See. We are visionaries, in the most literal sense. And in the decades to come, we will have the means to reshape the world. Never forget that.
That was the biggest load of shit I've ever seen. The fact bitcoin requires a permanent development team to constantly fiddle with different variables on a daily basis means it's a technocratic dictatorship by definition already on th development side, while PoW is designed to centralize through economy of scale on the mining side. Calling bitcoin decentralized when it's designed to centralize in every manner is the lie of the century. You're even required to go through a rent seeking middleman and pay him usury fees to be able to move or spend them (the transaction validator monoplies misleadingly and erroneously referred to as "miners") unlike in metals The only real decentralized money on this planet are the noble metals such as silver and gold. |
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The best part of bitcoin will be when the next emergency fork is required for whatever reason resulting in even more chain splits, rendering all Wall Street long and shorts invalid because they have no idea what their longs and shorts are even supposed to apply to.
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Spoke with a financial advisor yesterday who has over 100 high net worth clients. Number of his clients that hold any cryptocurrencies: 0.
Lol, well duh. You do not become rich by having some Chinese guy mine a token that has no actual value for a $1 cost of production and then selling it to you for $15,000 a couple years later. That's the exact opposite way to become rich. And then you get to worry about if your $15,000 purchase of phantom wealth is an invalid chain and if some other bitcoin chain like bitcoin cash or others released ad infinitum are the real one. |
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It's dropping because obese white women that nobody wants to marry but demand to be treated like royalty refuse to build a wall:  |
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Nice spoofed 1500 BTC wall on GDAX you got there merchant Shlomo. Had to move the spoofed walls from Finex to Gdax because nobody would use Scamfinex, did you?  |
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Broke lower on Finex and Kraken while people are putting in major effort to spoof and paint the tape on Gdax. The amount of effort people spend trying to paint the tape on bitcoin to make it look good is around the same amount of effort spent by the jews trying to paint the tape to make metals look bad over the last few years.
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Nuts. I let it ride too much
Another victim to add to the stack of the MatTheCat bitcoin hedge fund:
This market is fucked.
it is futile trying to read these markets
the splashes of the whales have frozen me in my tracks
these markets are just not to be traded
I can't reasonably expect to be able to play these markets
it is fucking galling having to witness this again.
During the pump n dump, I went from being an early investor and early proft taker, to FOMO merchant
Fucking rat cocksuckers. 6 fucking BTC trade with Stop Order
The majority who invest money in a vacuos asset like Bitcoin are certain to lose
So my plan is to look for long setups
a cabal of vampire parasites takes its place....
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In case you guys couldn't figure out bitcoin was in a bubble, I present to you this tertiary effect (look at the insane rapid rise on the Alexa chart): Also just noticed the global Alexa rating of Steemit.com is.....#2,085...is this rigged? That's fucking yuge. http://www.alexa.com/siteinfo/steemit.comLooks like we underestimated how big Steemit could get while having a dysfunctional economic model. But how does this factor into the price of native tokens? I mean, Steemit.com could become the #1 Alexa site on earth but since you're not required to buy coins to read it or post on it, it would have 0 effect on the coin's market cap heh. They could put up advertising and require advertisers to buy and pay in Steem tokens, but that's obviously not decentralized (not that anyone running Steemit.com cares). |
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Also just noticed the Alexa rating of Steemit.com is.....#2,085...is this rigged? That's fucking yuge. http://www.alexa.com/siteinfo/steemit.comLooks like we underestimated how big Steemit could get while having a dysfunctional economic model. But how does this factor into the price of native tokens? I mean, Steemit.com could become the #1 Alexa site on earth but since you're not required to buy coins to read it or post on it, it would have 0 effect on the coin's market cap heh. They could put up advertising and require advertisers to buy and pay in Steem tokens, but that's obviously not decentralized (not that anyone running Steemit cares). |
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Cryptocurrency either centralizes into complete control faster and more so than anything else, or you just have endless chain forks like bitcoin cash, bitcoin gold, etc. […] All roads lead to subsidizing your own enslavement. And this is why I prefer metals.
The endless forking means it can’t be entirely centralized. It doesn't mean it can't be centralized, it means it's either sentenced to die from diffusion or it becomes centralized by default. This is why metals are better, you can't make a new gold or silver in your basement then log on bitcointalk and say "I JUST INVENTED ANONYMINT GOLD, BUY THIS SHIT FROM ME STUPID GOYIM", while a million other people do the exact same thing. Instead of incentive for consensus, there is incentive to diverge from a single chain, an inverse Schelling point if you will. There is no financial incentive to diverge in metals because the number of noble metals is finite and can't just be invented ad infinitum. Even if there was no incentive to create new chains in a get rich quick scheme by printing or cornering the supply yourself and saying "my chain is 1% better than the others, buy it", the inverse Schelling point in crypto would still remain because scaling is terrible due to the so called triple entry accounting (but it's not exactly triple entry accounting if it becomes entirely centralized now is it?). Since scaling is terrible, fees are non-trivial and usurious, so people would bunny hop from one to another infinitely to prevent having usury levied upon them, which is why many people are sending transactions with things like Litecoin right now. The only way consensus would be achieved in crypto is by force, the pointing a gun at you and saying you're required to use so and so chain, otherwise everything dies from diffusion (which is a good thing since the noble metals are better in all aspects anyway). That is unless bitcoin forever remains some type of small, niche, regulatory arbitrage product for a few people to buy drugs on an internet site. In that case, the internet site itself is forcing consensus by saying they will only accept so and so cryptocurrency. Unless all 1st world govts collapse to shambles, regulatory arbitrage in this manner will be crushed for cryptocurrency if they maintain anything resembling current power levels, though. Instead of the internet drug site forcing consensus on a cryptocurrency, it will be the govt. SUBJECT: Absolute best whole wheat cracker I ever tasted Eating granola that looks like this. I'm guessing it tastes better and has more nutritional benefits than women's diet crackers. http://images.media-allrecipes.com/userphotos/560x315/639760.jpgAlso went and greatly expanded upon the god vs entropy problem: https://steemit.com/science/@r0achtheunsavory/the-r0ach-report-25-computer-science-proves-the-existence-of-a-variable-known-as-god-but-not-what-god-actually-is |
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They're obviously not going to attempt to short bitcoin into the ground on day 1 of futures opening to make things too obvious (at least I think). There's also the fact they don't want people to buy precious metals because the markets are stretched tight as is with nation states like Russia and China buying up the gold. They want to distract people from metals so they won't buy them because they don't want anyone to have access to sound money and want you to buy bitcrap instead. It doesn't seem like there's much reason for them to crater bitcoin right now unless they notice everyone is converting artifically inflated bitcoin profit to metals. That would be the "oy vey, the goyim know! shut it down!" moment.
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After launch of bitcoin at CBOE futures
Then bitcoin becomes a casino gulag where the house always wins and there is no reason to go near it instead of metals. In metals they can only naked short it to cost of production. In bitcoin, cost of production is fully floating and recursive based on it's own demand via hashrate, so they can literally naked short it to 0 instead of some type of cost of production floor because no such thing even exists in bitcoin. Shorting metals below cost of production causes miners to stop bringing gold and silver to market, so it's counterintuitive because it would just create scarcity, so they don't do it (or at least not for long periods of time). Shorting bitcoin below cost of production forces miners to turn off, thus lowering the temporary cost of production floor even further while the supply from miners recirculating coins remains unchanged. This is why naked shorting is FAR MORE detrimental to bitcoin than metals. If "the house" consists of the "hodlers" and the money comes from the banks. I'm fine with that.  No, "the house" is not the hodlers, because the transactions are settled in USD, so the house is the US govt, the fed, or something like the BIS/cult of usury jews if you go up the totem pole. |
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I'm also surprised I'm the only person I've seen (I talked about this many times before) that the jews naked shorting bitcoin is 1000x worse for bitcoin than it is for metals: After launch of bitcoin at CBOE futures
Then bitcoin becomes a casino gulag where the house always wins and there is no reason to go near it instead of metals. In metals they can only naked short it to cost of production. In bitcoin, cost of production is fully floating and recursive based on it's own demand via hashrate, so they can literally naked short it to 0 instead of some type of cost of production floor because no such thing even exists in bitcoin. Shorting metals below cost of production causes miners to stop bringing gold and silver to market, so it's counterintuitive because it would just create scarcity, so they don't do it (or at least not for long periods of time). Shorting bitcoin below cost of production forces miners to turn off, thus lowering the temporary cost of production floor even further while the supply from miners recirculating coins remains unchanged. This is why naked shorting is FAR MORE detrimental to bitcoin than metals. If you don't want to live in an unwinnable casino gulag, metals wins again because shorting to cost of production just gives you a free money buying opportunity. |
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After launch of bitcoin at CBOE futures
Then bitcoin becomes a casino gulag where the house always wins and there is no reason to go near it instead of metals. In metals they can only naked short it to cost of production. In bitcoin, cost of production is fully floating and recursive based on it's own demand via hashrate, so they can literally naked short it to 0 instead of some type of cost of production floor because no such thing even exists in bitcoin. Shorting metals below cost of production causes miners to stop bringing gold and silver to market, so it's counterintuitive because it would just create scarcity, so they don't do it (or at least not for long periods of time). Shorting bitcoin below cost of production forces miners to turn off, thus lowering the temporary cost of production floor even further while the supply from miners recirculating coins remains unchanged. This is why naked shorting is FAR MORE detrimental to bitcoin than metals. |
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I don't know what your argument is here. Failure to help the universe limp towards heat death is a human malfunction? I don't know what you're trying to say. If there was a benefit in doing what you claim, then wouldn't you, yourself climb into a rocket launched towards space and then set it to explode soon after reaching orbit to spread pieces of Anonymint around and infect as many random parts of the galaxy as possible? It seemed like you were trying to say there is some type of unified goal of all things to maximize entropy where none really exists. You're definitely not practicing what you preach here or you would have to impersonate a late stage sun and blow yourself up.
Failure in that context is just what it is, as so defined in my prior post. Fungible systems are long-tail fragile (but near-term antifragile 1) because they tend to centralized control. Period. Decentralized systems are near-term fragile but long-term resilient and antifragile. I’m not inserting a moralistic (universal goal) argument. 1 Credit @CoinCube with pointing that out years ago.Cryptocurrency either centralizes into complete control faster and more so than anything else, or you just have endless chain forks like bitcoin cash, bitcoin gold, etc (aka altcoins but bitcoin itself is already an altcoin since it's been forked numerous times). This means there will either be no Schelling point whatsoever and everything dies from diffusion, or the only thing that lives will be federated chains run by the state. This is why nobody should support anything to do with cryptocurrency. All roads lead to subsidizing your own enslavement. And this is why I prefer metals. |
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Of course the universe is not deterministic. It's called quantum mechanics. Unless you want to consider things falling within certain probabilities deterministic. If you are locked inside an internal system with an external system surrounding you, it can still be deterministic and you're doing the equivalent of being played like a VCR tape to see predetermined events. Whatever is at the top of the hierarchy takes precedent.  |
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I don't know what your argument is here. Failure to help the universe limp towards heat death is a human malfunction? I don't know what you're trying to say. If there was a benefit in doing what you claim, then wouldn't you, yourself climb into a rocket launched towards space and then set it to explode soon after reaching orbit to spread pieces of Anonymint around and infect as many random parts of the galaxy as possible? It seemed like you were trying to say there is some type of unified goal of all things to maximize entropy where none really exists. You're definitely not practicing what you preach here or you would have to impersonate a late stage sun and blow yourself up.
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