banks have a function in society, but its due for reformation and competition. They are too big to really grapple with the implications of BTC tech, which will largely overtake them and make large parts of their functions redundant. The settlement layer which is sort of the transmission/gearbox of the bank just dropped out.

Debt issuance fractional reserve  is something BTC cannot do but, this is good as it will see the value of FIAT continually drop against BTC, to the level where there is nothing left to arbitrage in the efficiencies of the relative systems. On BTC end that will be the many alts coming out all the time.

let me fix this for you
Give a guy a fish and feed him for a day.
Teach a guy to fish,
he gets arrested because he can not afford a license to fish
spend a lifetime in jail.

here's a hint, its all sold off, all land everywhere is owned, most human endeavors are stopped by prohibitive licencing, masquaraded as standards but really supporting monopolistic or rent seeking behavior.


The only sure way to make money is make it legal to counterfit, or issue your own USD denominated loans, eg be a bank. Then you can print USD / FIAT to oblivion, and guess what happens, the legions of do nothings, eg most of gov, teaching institutions, etc fall out of the system as they have nothing to exchange as value anymore.

Academic/Gov Policy Worker  (now a Taxfugee will be finished)

"Here is my research paper on feminism and social theory, give me a house, and food for that.

Farmer, trucker, construction worker, "NO", it has no value.

Dr, Engineer, Lawyer, I will heal, build, fight for you,

Farmer, trucker, construction worker, "Yes", you save my life, gave me electricity, protected my rights.

antibiotic resistance is a problems with AIDS, as they require some really heavy duty ones for a long time.

I think its reads like a single male doing something, maybe and english guy? given the Bank of England inclusion, but then this could just be to throw us of.


If it is a person, and they were ever identified, they would never see the light of day again, some black bag organization, or other interests would scoop him up.


Among other things he likely with have access to 1T in the not to distant future.


Satoshi's only option is to stay anon.

Also he seems well smart enough to know this.

I am almost sure he is still on this board though.


For quite some time I thought it was Sunnyking

ETF's have already happened its on ETH......if you check the dates .....so the SEC is effectively sidelined .... i think its pretty much over for old capital raising now.

kwuckducks join date     July 30, 2010, 11:06:51

he must have thousands of btc.....so a troll....pretty funny......

I think you just described plastic surgery + botox

Putin is pretty good.

every time you turn around there in another letter added, why not just use "not straight," I mean the amount of ink and re-printing as well as confusion this would save.


So I propose the term Not Straight.

kwuk = rien carnation of proudhon?

or sockpuppet

3 year out....yeah 100K is possible, but I think it will be more to do with financial markets, not govs getting in.

Bitcoin has been massively depressed due to the internal civil war, which now seems resolved.


Also versus every other asset class bitcoin is un-rigable (if that a word).

Forex, gold , stock, Fiat, bonds, etc they are all subject to massive and irrational gov intervention.


What your seeing is the umasking of the reichsmark like hyperinflation we are actually in masked by low interest rates and money printing  / debt issuance.

We are actually in hyper inflation, its just govs/banks a cannot say that, and they are using massive money printing and delegating to banks the debt issuance power, and you see your buying power quickly going down.

Here comes bitcoins.....it cannot be quantitatively eased, guess where the value is going to go by a rational entity......


see you at 100K a bitcoin and then some.

If I understand correctly the threat of UASF force the reluctant miners to fall in line ..... any comments of this view, as to is this correct, and to what extent is it correct?

600 a day that's about right.

interest on your home loan alone is between 1500 ~ 2000 a week to buy a average reasonable home (average house price in my city is about 1M usd, a house and that get you pretty much a crap house.  A house you can actually live in ok is about 2M USD),

if you want to pay it off , 2000~2500 a week

then

food = $300 a week
car = $100 a week to run (fuel + registration + insurance) (this does not include purchase price)
utilizes $200 a week (including internet power water gas)
rates = $50 a week
maintenance of typical property = $100 a week average easy though it comes in big bundles
incidentals = $100 a week easily

even school fees for the "free public school"....yeah get that, they charge 3000 a year.

this is no eating out and all shopping a cheap supermarkets, no holidays, no presents etc, no lux items.

so your looking at $600 a day no worries.....and then on top of that you have to figure out how to buy a house for your children because they will never be able to earn enough money to afford one themselves.

This is what endless money printing looks like via bank loans to the residential area.

1 btc = 2 week to 3 weeks.

yeah, kinda expensive where i am..just rent

if you and in utilites and cost of living, 1btc = 1.5 to 2 weeks.

if you have a family you need 1~1.5 btc a week. (this is what happens when house prices go up)

I don't see the price of bitcoin increasing, so much as the value of fiat, and the financial "ponzi", decreasing. A by product of that is BTC value increases.

Some one today said you don't have a released/real profit until you go back to FIAT.

I though about this, and for shares or non BTC class assets it true, cash, is the hard asset class.

However on reflection, its not the case for BTC, the question is when will a FIAT holders lock out their losses, by moveing into BTC?

Its been massively one way traffic since 2009, over 1 million times in value, there is no reason this will not continue, more and more business entities, govs, people, are going to be forced to use crypto, as almost every other asset class can be rigged, and is rigged.

Governments are in the middle of currency wars, peoples buying power evaporation the consequence, and assets such as houses are going way up without bound. Houses are really hard to rig as it takes time to build and you can see it there, plus not much more land being made if any.

yeah I get that sorta ... but what I mean is, say 1000 10^6 people or spam bot make 1 iota transactions to addresses, the turn their computer power off.

Where/how is this data all stored what is the incentive to store it??


what is the limits of say all iota in 1 address each.....what size HD does this take? or ram or whatever?

i don't exact get where the iota data is stored .....

ok still cannot attach to tangle

and cannot log into the slack

would really like a solution some one

and yes I tried google

and dif nodes.

We will see the uncertainty around the various transitions of USAF ... FORKS 2MBSegwit and whatever will see BTC price drop alot....then a winner will appear and go to 10K each or a market cap of circa $200B on its own within the year.

The question is, that winner BTC, ETH, LTC, IOTA, NEM or DASH?