O.k. So individuals are equal to states. Hm?
Haha! Sure why not, apparently corporations are people now. Sea-steading is an awesome idea but it's probably more workable right now by being under a nation's protection instead of parking just outside their border and declaring yourself a tax-free zone. Of course the former costs a lot more upfront and likely requires a pretty big organization to get the right momentum, whereas anyone with enough money can do the latter but are likely in for a lot more regulatory pain. Glad Elwar and his wife escaped with their lives and I support the concept. |
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I intend to keep buying. That is all.  |
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Sure, that's a possibility I guess, in maybe the same way being a victim of spontaneous combustion is technically possible, but incredibly unlikely. It's probably good to be aware that those corner cases exist but it's a far better use of time to plan for much more likely scenarios, like retirement with the current financial system mostly intact.
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A quick spline interpolation on those numbers says next 2 sets will be Halving $1,938, High $56,220, Low $8,933 Halving $3,852, High $110,100, Low $17,560 Oh really? Current ATH is x20 from the previous one. So roughly $20k x20 = $400k  Yep, really, that's what spline interpolation says. Linear (since everyone always loves those, albeit on log charts) is worse. Halving $1,304, High $38,621, Low $6,106 Halving $1,950, High $57,350, Low $9,083 Neither methods should be used by anyone for investment decisions. Just simple curve fitting to the given data is all. |
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A quick spline interpolation on those numbers says next 2 sets will be Halving $1,938, High $56,219, Low $8,933 Halving $3,852, High $110,144, Low $17,564 |
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Why limit it to $4000, why not $40,000 or $400,000 or $4,000,000? Of course by then it'll cost $10,000 USD for a loaf of bread due to hyperinflation.
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heh, I was just ribbin' ya, I understood your point, as a musician though I couldn't let that example go by without comment
I'm glad you did because thanks to you, I realised something crucial for the discussion. It is in fact all about TIME. We uniformly value our time in life, feels so short and uncertain. That's why we where forced to invent money, because we can't give time as rewards, life time that is. If something so fleeting and unrealistic as time is here in abundance, yet has extreme value for us, it's replacement will have similar characteristics. Ergo money of thin air - economy with conservation law will be a faulty ideology. I agree, that's a good way to look at it. When I made the original comment I was thinking about not only time but also tangible resources that must be used in order to support someone that is working a creative or R&D endeavor. That's the cost of IP. Food, education, lost opportunities, failed attempts, etc. So what to someone seems to be a creation out of thin air with no resources used actually has a whole world of quantifiable costs behind it. |
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When you hard fork it is requested by some people who supported the fork, it is backed by the miners (or stakers) and it doesn't affect the bitcoin people, bitcoin cash only affects bitcoin cash holders, it can worth zero or a trillion and it wouldn't change anything in bitcoin itself.
True, except you need to consider that many that would be on that new fork are now NOT on the original fork. So in a practical sense it does have the effect of dilution, just not as clearly as printing dollars. And we can also assume some folks would be on both forks, further minimizing the dilution effect. |
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… decades of practice and dedication to learning. What's your time worth? You did say "masterfully".  Well yeas but ever heard of natural talents? Besides it's not like time is so hardcore, down to earth idea, right? Another abstract concept that we sometimes describe as "special" dimension and sometimes we disregard it completely, so go figure. You can't argue we are able to make stuff that has value, out of things that are dirt cheap, literally. Picking on words much? heh, I was just ribbin' ya, I understood your point, as a musician though I couldn't let that example go by without comment |
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¿Why there is no economic conservation law?
I think it's mostly because we are able to create value out of thin air. Singing for example. Masterfully sang song definitely is worth something, not much resource was used to create such commodity due to the fact of abstract concepts like … decades of practice and dedication to learning. What's your time worth? You did say "masterfully". |
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Another great fillippone thread, would sMerit but out, so a 1000 virtual merits to you sir.
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....
US was able to put men on moon back then because they had no funding restrictions and safety were not a topic. Even today they can repeat it but they don't have the funds for the stunt.
We'll be back in 2024. Hopefully to stay this time. Google "Lunar Gateway." Don't need to,  |
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Blockchain technology can't replace banks actually, in my opinion, because most people around the world are using mainly fiat currencies and banking systems to complete their financial transactions. It is obvious that the crypto community is growing up with time, but it is still small compared to people who use only banks and fiat.
Most people don't understand how valuable decentralization is. To them bitcoin etc are just new ways to make money and they will continue their old habits of thinking with these new assets. You see it even with many here that keep all their coins on a centralized exchange. Unless that thinking goes away then banks will always have a big part of the financial world. |
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sometimes what is reported by the media is not in line with the facts.
for me humans landed in the moon is just a joke circulating, like the human theory that comes from the apes that does not make sense to me.
if humans from monkeys, why do monkeys still exist until now and have not evolved to become human ??
Cool story bro, thanks for sharing your insight.  |
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I know the Chinese like LITECOIN and they are really into it, so it might bring me some luck hodling some in my portfolio. Then you must hold in multiples of 8, right? |
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....
US was able to put men on moon back then because they had no funding restrictions and safety were not a topic. Even today they can repeat it but they don't have the funds for the stunt.
We'll be back in 2024. Hopefully to stay this time. |
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Here's what I think.
Someone should anonymously send 10 btc each to Trump, Modi, Xi Jinping, and Putin. Then watch where the fireworks land.
Also, do it in a publicized way so that people get to hear about it. Once that is done. I can pretty much guarantee BTC prices will soar. Just for the sheer stupidity of this stunt.
Even if they had wallets it sounds like a great way to get doxed to some scary people. |
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I'd say the experts are the guys/gals that can program them. And I still wouldn't take their price predictions any more seriously than anyone else. |
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