I think Stefan Struve was a better fighter back then, before Mark Hunt broke his jaw and Struve had that life threatening heart surgery.

Stipe's boxing improved a lot since then, too.

UFC posted the first Stipe vs JDS fight on youtube:

https://www.youtube.com/watch?v=damAR771hok

Watching it now. 

Still nowhere near wire transfer transaction fees which can go as high as $4.50 to $76.00.



Imagine paying a $76.00 wire transfer fee to move $900.

That's how much some charge to move $.

Its only a bubble if its significantly overvalued & there's a strong tendency to mistake sentimentality of previous historical patterns for bubbles when considering growth.

Btc holders in 2010 could probably never have envisioned 1 bitcoin being worth $1600. That sentimentality doesn't mean $1600 btc is an overpriced bubble though.

#1 No one said banks and corporations are the same.
#2 Corporations do not set up banks.
#3 Corporations do keep their money in banks. Specifically banks which function as tax havens.
#4 Many large corporations have $20-$50 billion usd stockpiled. That money has to be stored somewhere & banks is where they store it.

A cashless society might best be defined as a form of slavery which would kill every economic and financial freedom.

It wouldn't kill only bitcoin. It would kill scientific research, innovation, progress and advancement in many fields and industries while implementing a form of widespread stagnation.

I'm not certain if Keynes was a vaporware economist.

In my experience, those who apply economic theory to trading or making predictions are usually much better & more reliable than vaporware economists like Marx.

Many economists and experts are merely mouthpieces for pro bank / pro corporate politics which tends to complicate things.

"Satoshi is an alien from another planet."

 

I can imagine outrageous conspiracy theories people might make about that.

In some ways, I'm surprised that hasn't already happened.

Maybe 10-20 years from now there could be crazy conspiracy theories revolving around Satoshi.

I know some say market cap is irrelevent.

Then I wonder if market capitalization can be compared to a countries GDP.

To those who say crypto market cap is irrelevent, does it mean the GDP of a country is also irrelevent?

This isn't a loaded question btw. It is documented that china and other countries take measures to artificially inflate their GDP higher than it is in reality by constructing "ghost cities" and construction projects which are overestimated in value.

There could be a valid argument that says GDP isn't a completely relvent statistic. Although I'm not certain that same argument translates well to market cap in crypto currencies.

I think most people are expecting JDS to fight moving backwards, like he did when he fought Ben Rothwell, Cain Velasquez and Mark Hunt.

If JDS is moving away from Stipe the whole fight, it will likely be harder for one of them to land a knockout punch.

The fight will probably go on longer if JDS avoids standing toe to toe with Stipe. Heavyweights usually tire quickly. If they don't get a KO in the first 1-2 rounds, they're usually too tired to get it in the 3rd, 4th or 5th rounds. Especially if there's lots of wrestling and grappling.

1.5 odds could be too low. Should probably be 2.5 or 3.5.

Bigger blocks = bigger spam.

Neither bitcoin unlimited nor larger blocksize could fix this.

Its not a "scaling issue".

It could be better defined as crypto needing to implement forms of DDoS protection.

$0.85 transaction fee is still 5 times cheaper than what people would pay if they used a wire transfer service.

Its less than the 4% sales tax americans will pay in many transactions.

Not much more than the $0.20 gas tax americans pay when they buy gasoline.

Most smokers and alcoholics will pay much more in tobacco and alcohol excise taxes than they ever will in bitcoin transactions.

The united states being $20 trillion in debt, many nations which adopted the dollar as a reserve currency are seeking ways to "de-dollarize" their holdings in preparation for worst case scenarios where the united states is unable to pay its bills and the value of the dollar plummets through the floor.

Coinbase is now accepting payments for litecoin.

If more retailers accept alts, that could easily increase their usage volume and demand to a point where they're able to compete with btc.

Its retailers and services like coinbase who will determine how well alts perform.

Over the last few decades, CEO's have received all the pay raises which historically went to the poor to middle class.

CEO's are paid as much as $10,000 an hour, while minimum wage is around $7 an hour.

Realistically, CEO salary should probably be $100-$400 an hour and the excess should go to regular workers.

That's the reason for the disproportionate income versus expenses.

The media *spins* it into a "racism issue" to mislead the world into believing its about skin color and not money.

So that the poor and impoverished blame "white people" instead of blaming CEO's and others whose greed ruin things for everyone.

There are news stories claiming btc's price peaked as high as $1,600 on some exchanges.

http://www.businessinsider.com/bitcoin-price-blows-through-1500-for-the-first-time-2017-5
https://finance.yahoo.com/news/bitcoin-just-soared-1-500-162700354.html

Words can't describe how awesome that is.

Especially if the price soars higher if more russian exchanges go into business.

It might help to talk a little about general areas where the political structure is broken.

Elon Musk's Space X budget is between 10 and 1000 times smaller than NASA's budget. Space X is constantly innovating and progressing space technology despite having a budget that is tiny in comparison to NASA's. While NASA spends many times more what Space X does without producing much in the way of postive tangible gains. This is one indication of how broken, inefficient and wasteful the US political system is.

In the US public schooling system, some schools have per student costs which are near to the cost of Harvard tuition. Another example of an broken, wasteful and inefficient state run program. Private schools in the USA are always far superior to state run public schools in terms of cost, performance and overall educational standards.

In terms of defense, the united states spends more on military funding than any country on earth. Yet, looking at recent news, it seems russia has superior military technology in some areas. One example of this is russia's new zircon hypersonic missiles which are nearing production. The united states, despite spending more than 10 times more on defense than russia, is nowhere near having hypersonic capable conventional missiles or ICBM's while russia will have both, shortly.

America's healthcare system is the most inefficient, wasteful and expensive on the planet. All of these inefficiences are not random, isolated, occurrences but rather symptoms of a broken political system.

There could be a reason why the united states military appears designed to be as fuel inefficient and expensive as possible. New US warplanes like the F-22 and F-35 have wings which are as small as possible to make them as fuel inefficient as possible. While russian warplanes typically have much larger wings and much better fuel efficiency. The same with tanks. The abrams M1 is equipped with a gas turbine which can be extremely fuel inefficient in comparison with the diesel engine other countries like russia use in their own tanks.

Is it an accident that many american industries like healthcare and products like wartime hardware are purposely built to be as inefficient and expensive as possible?

The F-35 program cost more than a trillion dollars, likely due to the political system being broken. A country like russia with a political system that is not dysfunctional could probably have built the same aircraft at a fraction of the cost.

Trump is doing some good but to fix the problems we have, we must first be willing to admit these problems exist.

That is not so easy for many.

It may have taken more than a decade for the dollar to actually collapse.

But I think everyone knew it would happen eventually, with how broken the united states political system is, and how fiercely determined american politicians (and the international bankers pulling their strings) have been to overspend their way to oblivion and doom.

The only real questions are, what do we do when we reach that point and whether or not we're able to fix things.

Remember when Donald Trump complained corporate taxes in the united states?

He said none of america's wealthy nor american corporations were able to bring their money into the united states to help its economy due to tax rates being too high?

I wonder sometimes, if those high tax rates aren't deliberately implemented to keep their billions in offshore bank accounts.

So that when the world economies begin to crash, banks can steal from the wealthy and big corporations whose money they're holding.

Donald Trump is a billionaire, but the majority of his money is probably held in accounts of foreign banks. The same can likely be said for google, apple, microsoft--many big corporations and wealthy elites.

If that corporate tax rate is reduced, as Trump has planned, things are going to get very interesting if big corporations and wealthy elites are able to extract their money out of the foreign banks where they're held, almost as a form of ransom.

Japan getting into the mix could balance out china's influence.

If japan goes into the mining business, it could also help to offset miner centralization which led to bitcoin unlimited having so much unfortunate support.

Russia entering the game could also have more positive effects in terms of increasing miner decentralization and nullifying china's influence on crypto.

Banks are prejudiced against medical marijuana dispensaries and workers in the adult entertainment industry.

DEA (Drug enforcement agency) which is under federal control routinely robs medical marijuana dispensaries also, confiscating all the cash they have on hand, which never makes it into the evidence bin and instead ends up in the pockets of the DEA.

There is a strange conflict between state level gov which legalize medical marijuana, and the federal government which operates the DEA and uses it as a tool to rob and harass medical marijuana retailers