Oh yes well have the entirety of the world's assets on a single irreversible ledger. That way when the technology fails or there are cracks or a private key is misplaced, it can create catastrophic failures in the entire world economy. All at once - boom - gone *troll meme in background*.
Side chains my good ratchet kid. And perhaps we need to allow for a multi chain multiverse, but not the shitcoins of yore, who copy paste code and accidentally hard fork. |
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My good sir, the stock exchange model with its broker dealers is under threat. We will see entities such as Circle list regulated security tokens by the end of this year. The barbarians are at the gate and the NYSE and their ilk know it. The SEC can stand and fight the good fight, but no regulator wants to see its markets quashed by more agile international competitors. They would have nothing left to regulate. The SEC will bend like the wind in the willows.
I was talking about the value of the Bitcoin ecosystem if all shares currently listed on the NYSE were converted into dividend paying security tokens. Paying dividends in Bitcoin, stable coins or something else. But Bitcoin has the capability of being the global securities system and a global currency, all rolled into one.
It is coming. Bitcoin is far more than merely sound money. We must take off our 2014 eye glasses and put on our 2020 spectacles.
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Rose: if you are really concerned about a crypto winter, sell 10% of your holdings on the next pump over $7k so you can spend your time worrying about being bear trapped. Its much more relaxing worrying that you will make money with 90% of your stash. |
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I have been watching BTC since June of '11. I've seen several of these climbs... each one making the previous one look like a pimple. Sometimes they have been months apart, sometimes years.
This last one... magnificent. I fantasized of owning beachfront maui property. Oh well...
But my question.
Do you really think that one was it? The last one? No more coming? This last one will NEVER do the pimple trick?
(Ps. I am psyops agent cA7739011)
... allow me to butt in ... while the total expansion capacity of bitcoin value might seem infinite from our current 'small-time' vantage point it is most definitely finite, realistically we have at most 1.5 to 2 pimple tricks remaining (1 order of magnitude expansion over previous). A btc valuation in the USD300-700k range puts it at ~10trillion market cap or ~10% of global fiat monetary supply. Another pimple trick after that would be almost total global domination of all monetary assets, which while possible is probably not realistic or desirable anyway. Bitcoin currently has a market cap of $116 billion. The NYSE has a combined market cap of $21 trillion. It seems reasonable enough that the Bitcoin ecosystem could rival the NYSE in market cap, especially if security tokens start cannibalising the traditional stock exchange model. Of course to get there, we need side chains which can provide coloured coins or similar tokens. But people are working on it. That would be another 200x current value which would be circa $1.3 million per BTC. Factor in lost coins and you might squeeze out US$2 million per circulating coin. That would provide a comfortable standard of living for most people on this thread. |
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Works too... this thing. Easily. Instantly. But can only send. I hope this is not a limitation imposed by not running a full node. Because full nodes on cellphones are kinda... meh. How do you fund it? |
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No need to quote it. We don’t need to see it twice.
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Bitcoin ABC unilaterally announces hard fork to Bcash Lol and in so doing brings new meaning to the term “consensus rules”. Remember guys, Roger says Bcash lol is decentralized with multiple dev teams. No one controls Bcash lol.  https://www.bitcoinabc.org/may15hardfork |
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The cryptomarket cap is down $500 billion. Boss man says buy the dip.  Note: this is a real tweet from the verified account. I checked twice. |
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Deer Gentlmen. I haven discover market he manipulate. Wales is full very badman, understand? Much times I seen big dumpings like 3-4 bitscoin alsogether, then too will buyback same big numbers coins like that much less pesos is very wicked. How you thinking my analyze? Shall perhaps we see ending of cryocurrency if happened this too much times? Is very dirty fighting this way, in my country we call him grasp the donkey by the cojones before the cocks just awake. I fear.
That's why I advocate 2-factor authentication all the way. If you solve lightning, then you solve the hard log problem. |
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Tera has sworn off Bitcoin for life.
Where did you hear this? I simply said that I'm going to stop trading for a while but I still hold the same amount of bitcoin's I've had since 2013. Everyone get back into your hibernation holes. Bad data. Looks like we haven’t capitulated after all. |
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Lol mic you are the greatest bull in the thread. You don’t fit the story either.
I have an idea for a better story if I can find time to write it.
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This is what misery looks like. Tera has sworn off Bitcoin for life. Rosewater tried to jump off a bridge but couldn’t find it. JJG only wrote two paragraphs. Bawb is too drunk to post today. Jimbo can’t find his teeth. Hairy lost a stop to a bull trap because he’s too dumb to put it above the line. Jojo got nostalgic for hockey riots. Elwar visited somewhere dangerous. The trolls came out. And a cartoon line is going into a cartoon dungeon.
I rather hope this is capitulation as y’all sure are cranky old men.
Hey I thought we were friends  Sorry you are far too cheerful for the misery index. Come back when you are a least a little bit angry. |
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This is what misery looks like. Tera has sworn off Bitcoin for life. Rosewater tried to jump off a bridge but couldn’t find it. JJG only wrote two paragraphs. Bawb is too drunk to post today. Jimbo can’t find his teeth. Hairy lost a stop to a bull trap because he’s too dumb to put it above the line. Jojo got nostalgic for hockey riots. Elwar visited somewhere dangerous. The trolls came out. And a cartoon line is going into a cartoon dungeon.  I rather hope this is capitulation as y’all sure are cranky old men. |
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Yeah. Apparently it’s a bit hostile.
He is also commenting in Mt Gox insolvency subreddit.
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Bitcoin is a technology not a security.
Trying to choose the best semantic is impossible. You know what I mean. The price of just bitcoin versus the price of the entire blockchain bubble including altcoins, forks, ICOs, private chains, blockchain stocks, futures, mining farms, etc. Bitcoin Core tokens is not a technology - it is just a single chain. I appreciate your point. I respectfully disagree on the basis that the blockchain ecosystem has a zero value other than Bitcoin which props up the entire shitshow. This can be seen in the great shitcoin rotation where various coins ascend CMC, peak and then disappear forever. Others like Doge take numerous runs at the throne only to immediately sink back into obscurity. A select few such as XRP manage to sustain their existence on the promise of endless commercial pilots or a well planned mix of deliberate brand confusion, technobabble and paid social media campaigns. The permissioned chains such as Corda are doing so badly that Mike Hearn is threatening to come back to Bitcoin and JP Morgan is spinning out its project and making the founder redundant. |
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Bitcoin is a technology not a security.
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Wash trading ... creates an illusion of false value velocity.
FTFY. If funds will be directed to somewhere that doesn't have actual value to the economy,
Except funds aren't going anywhere. From right pocket to left pocket of the same entity is not a direction of funds. I have seen United Bitcoin being wash traded on Quoine with a daily volume of $450k. When you look at the books, the total value of buy orders until the price went to zero was $1,400. Would that make the volume higher or lower than bcash? The BCH/USDT pair volume today on Quione is $4k. There is no BTC / BCH pair. The UBTC / BTC pair is $14k daily volume. So UBTC has over triple daily volume than bcash lol on that exchange. |
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