Are you guys worried that some celebrity normies are getting involved in Bitcoin? You shouldn't be worried, you should be excited. We WANT them to get involved... all of them... we want every man, woman, and child to get involved. And their children's children. That is the whole point. And Boris Becker... well I don't think he'll be buying much bitcoin anyway since he's bankrupt.  |
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I used to support communist ideals, but nowadays, I've become cynical, I don't see anyway for such ideals to come about aside from being governed by some kind of benevolent AI.
Those who are not liberal when they are young have no soul. Those who do not become conservative as they age have no brain. Since I'm French and know what liberalism means, I'd say I've become liberal, not the other way around. I can't understand how you misuse the word in the US, Democrats want to regulate everything, there is nothing liberal about that. Here in the U.S., Libertarian is probably the more equivalent to the French liberalism then. Libertarian <> Liberal I used to support communist ideals, but nowadays, I've become cynical, I don't see anyway for such ideals to come about aside from being governed by some kind of benevolent AI.
I happen to find this video somewhat unsettling... https://www.youtube.com/watch?v=EETf0LLNk0I#t=1h20m21s |
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On Gold, these people just want to keep selling the lie.... keep gaslighting the public to believe an untruth:
Gold's intrinsic utilitarian "value" as a commodity (ie., industrial uses) only accounts for about 5% of it's actual price/ounce.
The other 95% of its price value is pure speculative value as money (based on cost to mine/refine a single ounce + profit markup), and even that is highly undervalued compared to outstanding fiat and derivatives.
No way in HELL does the price of Gold represent its intrinsic industrial usage value. Not even close.
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That's acting like bitcoin has it in the bag already and for eternity.
Anyone who plunges headlong into anything with that assumption has spent too long here.
Fiat is of course junk, but i would not expect to service a loan on theoretical gains, only fully realised ones in which case i don't need it anyway.
Let's say you buy the house right now, using 20% down payment in liquidated bitcoin, and financing the other 80% for 30 yrs. The rest you kept in bitcoin. Even if bitcoin ONLY did a 10X from here over the next 30 years(!), your average yearly bitcoin gains would still crush the interest payments on the loan. And you can pay off your loan early at any time, you don't have to wait 30 years. But if you don't believe Bitcoin will still be around and be a "thing" in 30 years, well then you must not believe that it will disrupt and revolutionize finance at all. |
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I think I am passed the point where I could sell my stash. The thought of not owning btc is horrible.
I think a 60-75% sell off is not too extreme. My real goal would be to be able to buy property etc with bitcoin in my area.
Although you guys can do what you want, I would really encourage you to think differently. First, selling even a half million $$ worth of bitcoin would incur a HUGE tax penalty right off the top. You took all the risk with your own money, so why would you give your tax agency 40% of all of your gains? It's free money you just gave them. Secondly, yearly inflation is way higher than most govt's published figures. In the U.S. the actually yearly inflation rate is probably between 6-7%, with spikes in certain goods and services upwards of 9-10%/year. And inflation is rising globally and will continue to get worse and worse. Is your yearly income consistently increasing by that much every year to compensate for this? I highly doubt it. It would have to increase by that much at a minimum every single year until you retire (age 65) just to keep up. And the reality is that citizens' wages will continue to stay flat or even go down in the coming decades. Bottom line, $500K fiat in 2020 will be only worth about $250K of purchasing power in 2035. So holding large amounts of fiat is ill advised. You want your purchasing power to stay flat or increase over time, not decrease. Holding bitcoin long term will beat the snot out of future inflation. Personally for me there is no "exit strategy", I will continue to buy and hold as long as Bitcoin is around, and only spend what I need to live day-to-day, month-to-month, etc. And if you want to own a house or land, it would be smarter to only liquidate enough bitcoin for a sizable down payment, and then get a really good low fixed rate 30yr loan for the rest. Bitcoin's yearly returns would handily beat, actually crush any 3-4% yearly interest on the loan. Plus both the house/land AND your left over bitcoin would both be increasing in value relative to fiat while you were still making loan payments. |
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I can only imagine what the price is going to be 3 years from now. Post halving.
Well even if you consider the really worst case of what it could be in late 2020, I think $10-15K/btc would be the bottom. Which by all measures would still be fkn phenomenal. Outside of some black swan, I cannot envision a scenario where it would be any lower than that. |
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This constant forking farce is just getting more comical by the minute. The state actors are getting so desperate now to slow or stop Bitcoin's stampede of growth, they will try anything. They are losing. Bitcoiners can see through the charade. |
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Incorrect. I am quite happy with BCH. As it has capacity exceeding current demand. Just as Bitcoin had from the time satoshi created it until about 18 months ago when the new membership of core allowed a stupid production quota to limit capacity and stifle adoption. I'm a little disappointed with the level of adoption so far, but I am patient. It will come around.
If you have BCH and are happy, and you think adoption of BCH will grow, then you don't need Bitcoin to change anything. Why should you care. It's not your concern anymore. So stfu about it. Besides, we've shown that bigger blocks are not a problem. Why the obstinance on the part of Core? I think they're merely afraid of losing face.
Buuahahahahaha!!! So full of shit! Good luck trying to gaslight people with that one. BCH has been a complete trainwreck with bigger blocks, hashrate so unstable, AND mining is 90% completely controlled by the Ver/Wu/Wright camp.  And your previous wall of replies were ridiculous and cringe worthy. Fuck off dude. I don't know why I even bother. Back to /ignore for you, idiot |
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Is that even serious? Or is it photoshopped? Though I do kind of get the joke as that main character from Pokemon is named サトシ (Satoshi), taken from the creator of Pokemon, Satoshi Tajiri. But still, I am sure new comers would be puzzled and think that they are buying some virtual currency for the Pokemon Go app. I don't know if serious is the right word. He retweeted it. Can you get sued over Twatter? Notice that Wu is either too stupid or too lazy to even rotate the "B" correctly for BCH. And stealing the font style from Bitcoin logo as well. Nice. Too bad there is no Bitcoin company per se to file a lawsuit against him and his cronies for trademark infringement. In China they don't give shit anyway, I guess they steal branding and marketing from famous brands all the time. |
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Andrew Left is an indigent life form lower than pond scum. He makes Jordan Belfort look like a saint sent from the heavens.
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Notice how jbreher just comes here to troll, and then leave.
He doesn't really give a shit what the latest Bitcoin fork du jour is, as long as it's not the current core developed, fully tested, and supported version (which is working stellar, btw). Thus the reason why he shilled for XT/BU, then got his BCH with 8X but still isn't happy, and now discarding it just like Ver/Wu/Wright and has moved on to promoting 2X. And when that fails, I guess he'll just move on to shilling for the next contentious fork?
The trolls like him will never stop, because they hate a decentralized, non-corp controlled Bitcoin with the core team currently at the helm. It throws a monkey wrench into their whole "Bitcoin-as-PayPal-2.0" plans.
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the supposed fork is actually an attack.
It may be worth observing the fact that whether this is an attack or rather a simple upgrade is dependent upon your individual perspective. The real goal is replacing Core with more - say - malleable developer(s).
Notion is absurd. IF S2X becomes the hashrate victor AND IF the core developers switch to developing an S2X compatible client THEN It is highly likely that their implementation will acquire majority status AND They would not, in fact, be replaced. No, but they would walk off the project. For having an untested, unproven, hastily written fork with an unneeded block size increase thrust into their lap to support. Which is EXACTLY what the attackers are wanting. Hoping for actually. But no worries, if that happens you will see the biggest "tea party protest mega dump" you've ever seen in your life, right after the core devs fork to a PoW algo change... the economic majority will move with them. The future of crypto will not be corporatized and centralized... |
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Ethereum is a shitshow.
Stay away from eth.
I see eth as "league of legends" (piece of shit), while bitcoin is the original: dota.
This +1000. The current price of ETH makes zero sense, much less any higher rise in the future. I challenge one person, just one, ANY one on this thread, to outline Ethereum's long term business model that would make any sense to benefit the end user. I guarantee that not only will it not make sense, but I can destroy any attempt at a verbalized viable business model in about 5 seconds. I'll wait... |
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One day, my dream is to come back to thread, and see absolutely no discussions of contentious shitcoin forks.... sigh.. |
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Not just the japs. America has their own beautiful ones, the mgtow. And the entire western world in general.
Yep, agreed. It has already begun. It'll grow the fastest in the major metro areas of the U.S. first, where higher paying jobs are mostly available, but the cost of living is ridiculously high and will go higher still. This, along with the burden of high taxes, high student loan debt, other personal debt, etc. will cause men to completely lose interest in women, because a) they can't afford the 'family' (kids) and lifestyle (house, cars, trips, college funds, etc.), and b) they know that they will get crushed financially if they end up in divorce. |
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My personal experience, while not significant statistically, reinforces this myth. I used to have a business in a distant part of the world. There, I befriended many people that have a nomadic (pre-agricultural) history and were forced into "civilization" only a few generations ago. They are different, indeed. The women react very differently. The men react quite differently. The sense of possession is much weaker indeed. The sense of impermanence is palpable. I like that general feeling very much. Of course, with the Internet and globalization reaching every "civilized" human, the dominant mentality quickly takes over. Things are changing fast and even trace amounts of that innocent paradise are being lost and will vanish soon.
In some areas of the world, cultures are starting to transition into a completely new phase. And it's not going to be good one. Take a look at current Japanese culture for example. Basically in a nutshell, the land is maxed out, they have entered a deflationary spiral of sorts, the Socialism experiment has failed, the central Bank of Japan owns something like 65% of all corporate debt, and the people work at corporations that exist basically just to pay off the interest on their corporate debt --- so basically "zombie" banks and corporations. So the young people, overburdened with an old world social structure that's no longer working, and overburdened with personal/corporate debt, lack of advancement opportunities, etc. are no longer dating, marrying, reproducing and having families. The majority of guys aren't even interested in the girls, just interested in themselves (preening, socializing, hanging with their guy friends, etc.). Sounds pretty depressing, huh? This made me think of something I had read a while back about a mice experiment conducted in the 1960's by John B. Calhoun. Half way down the Wikipedia page you can read about it, especially about the male mice that came to be known as "the beautiful ones". The similarities between his experiment conclusion and what is happening now in Japan is uncanny. https://en.wikipedia.org/wiki/John_B._CalhounMouse Experiments
In the early 1960s, the National Institute of Mental Health (NIMH) acquired property in a rural area outside Poolesville, Maryland. The facility that was built on this property housed several research projects, including those headed by Calhoun. It was here that his most famous experiment, the mouse universe, was created.[1] In July 1968 four pairs of mice were introduced into the habitat. The habitat was a 9-foot (2.7 m) square metal pen with 4.5-foot-high (1.4 m) sides. Each side had four groups of four vertical, wire mesh "tunnels." The "tunnels" gave access to nesting boxes, food hoppers, and water dispensers. There was no shortage of food or water or nesting material. There were no predators. The only adversity was the limit on space.
John Calhoun meeting Pope Paul VI on 27 September 1973
Initially, the population grew rapidly, doubling every 55 days. The population reached 620 by day 315, after which the population growth dropped markedly, doubling only every 145 days. The last surviving birth was on day 600, bringing the total population to a mere 2200 mice, even though the experiment setup allowed for as many as 3840 mice in terms of nesting space. This period between day 315 and day 600 saw a breakdown in social structure and in normal social behavior. Among the aberrations in behavior were the following: expulsion of young before weaning was complete, wounding of young, increase in homosexual behavior, inability of dominant males to maintain the defense of their territory and females, aggressive behavior of females, passivity of non-dominant males with increased attacks on each other which were not defended against.[2]
After day 600, the social breakdown continued and the population declined toward extinction. During this period females ceased to reproduce. Their male counterparts withdrew completely, never engaging in courtship or fighting. They ate, drank, slept, and groomed themselves – all solitary pursuits. Sleek, healthy coats and an absence of scars characterized these males. They were dubbed "the beautiful ones." Breeding never resumed and behavior patterns were permanently changed.
The conclusions drawn from this experiment were that when all available space is taken and all social roles filled, competition and the stresses experienced by the individuals will result in a total breakdown in complex social behaviors, ultimately resulting in the demise of the population.
Calhoun saw the fate of the population of mice as a metaphor for the potential fate of man.
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That's one of the basic differences between Bitcoiners and traders. The very first paragraph of Satoshi's white paper points to trustlessness as the raison d'etre for Bitcoin. Traders are more than willing to trust exchanges and online wallet services.
Wasn't MtGox enough of a lesson of what can happen when you give up your private keys?
So true my friend. "If you don't hold your private keys, it's not your bitcoin."Sad though, I have a feeling that ten years from now, the banks that want to survive will be offering to store customers' bitcoin for them as a service.... and the public will be too scared of their own incompetence and just use it. The MSM will probably even have weekly fake news stories about how this person or that person got robbed of all their bitcoin.. to scare people even more into using the banks' services. |
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A chance of a Crypto Winter becomes higher if the price of Bitcoin starts to deviate sharply and quickly from what mining ROI supports. The higher and quicker the price goes up, the longer the ensuing bear market will likely be afterwards, as price corrects over time to find market support and equilibrium once again.
I don't feel we are in that situation right now. At least not yet.
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How is this possible? BTG lacks a replay protection, so no sane man would currently transfer it's BTG to Bitfinix, because their BTC would be at stake... Did BFX already credit BTG to BTC holders? People need to be very careful, they may unwittingly be trading something that is NOT even their BTG. Any fork of Bitcoin could be used at this point, with no way to confirm what it even is... a name means nothing. Don't just blindly trust exchanges. |
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