Fuck off.  You edited my post to edit out all evidence clearly showing Lightning Network is a useless, permissioned ledger scam, so I added it back.  I've already explained why LN is garbage and none of it is lies or exaggeration.  You do not get to pretend that the real world functionality of LN is different from how I stated.  Good luck with your digital shitcoin scams.  The majority of the population refuses to use a cashless society slavery system that abolishes cash, so your pump and dump scam and Chinese social credit score system cause is pointless regardless.

It's just full-blown retard city here today.  Boomers overwhelmingly benefited from stocks far more than gen-X.  Boomers don't even know why they have stocks - they all just have them and don't even know where they came from. Usually the only gen-X that have them are active traders or people that somehow inherited one from a boomer.

Jesus christ.  Do you even read your own posts?  You're NOT describing any type of monetary system.  All you're describing is a system designed to facilitate permanent vendor lock-in.  Okay, so instead of having only a single channel open to Bank of America, some people MIGHT also have a second channel open to Amazon.com LOL.  What happens if you want to buy your neighbors lawn mower? 

Oh, that's right.  Since it would be prohibitively expensive to open a channel with him, you're using a permissioned ledger where you need to ask permission to your Bank of America channel if a payment can be sent to him.  Oh, woops, Bank of America detected that you do not hold neo-Marxist views and refuses to route any of your payments so your permissioned ledger Bitcoin isn't even usable.  The endgame evolution of all digital shitcoins is nothing more than a Chinese social credict score system.  They're all completely fucking garbage.  Physical metals are money, not this trash.

All man-made currencies are scams, while real world, physical commodities are not, as I've already explained:

You have no idea whatsoever how Lightning Network works if you think that's the case.  It's 100% useless because the only manner in which it can function in the real world (when on-chain transactions are prohibitively expensive) is each user only having a single channel open to a well-connected bank who routes all their transactions.  You cannot afford to open a channel to every person in the world you *potentially* might need to send money to, nor can you fund each of those channels with proper liquidity because channel liquidity is not fungible with one another to make larger purchases.  

It will just be you connected to a bank in a permissioned ledger.  100% fucking useless:

LOL.  It's called a Bitfinex criminal fraud pump and dump scam using Tethers and cooking the books Enron accounting.  You're trying to pretend Bitcoin just magically went to $20k in a natural manner when everyone and their mom knows that is not the case.  Now you're claiming it's inevitable another giant, Bitfinex Tether fraud occurs to send it to $100k.  

I'll tell you, it's simply fucking amazing Giancarlo and the rest of these scammer fags at Bitfinex that literally steal customer deposits are not in prison yet, so hell if I know, maybe Bitfinex fraud is a front for the govt manipulating the price upwards because they want you to use cashless society slavery system tokens where you cattle are tracked and monitored in real-time instead of using physical metals.  That's the only explanation I have for why nobody at Bitfinex is in jail.

Like I said before:


So fucking tired of you jackass scammers.

That's called seigniorage fee, which is a TAX.  It's a TAX forced on you by the barrel of a gun.  Nobody can force anyone to use Bitcoin to extract seigniorage fee because 'Bitcoin' has no fucking military or nuclear weapons. Unless you're claiming the US govt created Bitcoin and will attempt to make you use it by force.  Even if that was the case, nobody gives a flying shit about ANYTHING govt says now.  

The only way the price of Bitcoin can be $100k while only having a $6k cost of production is if mining is a completely centralized monopoly, which you tards are hesitant to admit that's what your banking on because it would mean Bitcoin is a complete scam of zero value.  And good job VB1001 for meritting becoin's idiotic answer.  Typical shitcoin scammer lies and buffoonery on display 24/7 in this thread.

Another day of shitcoin scammer Micgoossen's lies and dipshittery.  Here's what's actually occurring in that picture.  First of all, "shells" aren't money - they do not have the qualifying traits, and they were never ubiquitously used as such either, so it's stupid to even include them in the chart.  They're not fungible, they're not durable, etc, etc.  The instances of people attempting to use things like rice as money were probably ENORMOUSLY higher than anyone ever using 'shells', but shitcoin scammer idiots like Nick Szabo INSIST on using 'shells' as an example to make it SEEM like anything can qualify as money when it's not the case.

Out of your personal example of "shells", gold, and gold coins, all three are used as both a transactional unit (currency) and a settlement system (money) at the same time.  In the case of the latter three: notes, bank accounts, and Bitcoin, those are all solely transactional units (currency) and NOT settlement systems (money).  It's a complete apples vs oranges comparison.  No form of settlement has EVER taken place in all of history without a real world object being exchanged because digital 1's and 0's are completely useless to humans.  A real world object must be transferred at some point for settlement to occur.

Of course you can mine "just 1 bitcoin".  It's called 'pool mining'.  Why are you trying to trick people into believing the price of Bitcoin can go to infinity without mining massively expanding along with the price?  The price CANNOT go to $100k while having a $6k post-halving cost of production because nobody would buy your $100k coin if they can mine one for $6k instead.  And mining is already too huge to increase by an order of magnitude or higher to buffer prices that elevated or it would use more power than the entire United States.  People claiming the price can go to $100k after halving are retard scammers.

Return after buying Bitcoin Enron and holding for 15 years:  +1800%
Return after buying Bitcoin Enron and holding for 16 years: -10,000%

Our savior, he has returned.  Sieg heil, black Hitler!

No, Bitcoin price is not determined solely by traders (aka manipulation).  If you attempted to rig the price of Bitcoin to $100k while mining cost of production is $6k, WHY the fuck would ANYONE buy your coin for $100k when they can mine one for $6k instead?  They WOULDN'T.  The higher you want to attempt to rig the price of Bitcoin, the more enormous mining expansion and sunk cost fallacy you need to go with it.  Mining cannot expand by an entire order of magnitude or larger to get to these idiotic numbers people claim like $100k or it would use more power than the United States.  They're all lying pump and dump scammers.

Yes, it's possible you could manipulate the price that high...after a few more decades of halvings...if Bitcoin still even exists then.  But not *one single halving*.

The US dollar is overvalued around 40% in relation to other fiats.  That's not even taking into account it's overvaluation as a reserve currency.  Every nation on earth right now is currency debasing to try and devalue debt, which has the same side effect as Chinese mercantilism debasement to facilitate exports.  If you wanted the economic system to not implode from a liquidity crunch, it's the US that should be printing like mad, NOT the retards in the EU.  Each time the EU prints it just makes the problem more lopsided and worse since it's the dollar that's too strong, not the Euro.  Same with China and every other nation.  Nobody should be printing more than the US in current dollar overvaluation paradigm.

*A Ben Bernanke helicopter drop via a one time check to anyone with a social security number would probably be the most effective method.

You are the only Jew on the entire planet that speaks English like a caveman.

This thread is so filled to the brim with retard pump and dump scammers now it's insane.  Bitcoin is not proof of stake.  The price can only be pumped as high as mining will allow.  If the current cost of production is around $3k, then post halving it's $6k-ish.  That means it's impossible for the price of Bitcoin to go to $100k like you retards claim unless the amount of mining increased by over an order of magnitude (that means higher than 10x for you retards) and then Bitcoin would likely use more power than the entire United States.  

It's not possible to happen.  You are 100% lying scammers.  Maybe you could pump and dump it that high after like 10 more halvings (if Bitcoin still existed then), but not anytime in the near future.  That is why this chart I posted yesterday is breaking down and will soon implode.  People keep trying to artificially rig the price higher than mining can sustain at scam exchanges like Bitfinex with their Tethers, but mining can't support that price which is why it's constantly underperforming now and will soon fail to keep anywhere close to that curve:

A jew and a digital shitcoiner walk into a bar.  The bartender says get the hell outta my bar.

Thank you for explaining why I promote physical metals instead of digital shitcoins.  All man-made monetary units (aka currencies) are artificial, Keynesian scams whose 'value' is brief and transitory.  The value of every currency that's ever existed starts at a value of zero and always returns there - every single one.  In other words, it's a game of hot potato or musical chairs where the act of using them at all can be considered nothing more than knowingly signing up to defraud other humans on purpose.

Why knowingly become a party to fraud by using currencies such as the US dollar, Bitcoin, or Chuck E Cheese tokens when you don't have to and can use actual physical commodity money instead like silver, gold, and copper that doesn't have this issue?  Currencies are valueless; always have been, always will be.  Their 'value' is not derived from usefulness, only how many people you can attempt to scam into taking it before it's value inevitably implodes like every other currency.  It's impossible not to be a party to fraud while using ANYTHING classified as a currency instead of physical commodity money.  

Promoting a world where everyone attempts to commit fraud by using currencies instead of money is the same thing as promoting a world where everyone should be able to freely kill one another.

Since Trollgoossens is a retard pump and dump scammer, let me explain what's actually occurring in this chart:

This is what pisses me off about how I tell family members economic armageddon is coming and they look at me like I'm crazy and that fiat economies imploding is a JFK conspiracy theory.  Interest rates are at 5000 year lows yet they want to lower them further and this is during a supposed 'bull market', 'good' economy when interest rates should be going up instead.  Instead of just being hearsay, the fact Trump actually tweeted this to the entire world telling anyone with a pulse the system is about to blow up should have doubled the price of gold and silver overnight.

Trump is talking about "refinancing" the debt on Twitter LOL.  The fucking bond markets should have completely blown up three seconds after he tweeted this, but they didn't.  How is it possible the actual president of the United States can tweet something like this and have ZERO effect on physical metals prices OR bond prices?  It's completely impossible unless you're already living under communism with the ESF just typing in random numbers for what they want asset prices to be...which will inevitably end with a very big bang and real mark to market of $10,000+ gold and $500+ silver.

You can further extrapolate that if the ESF is rigging all of these gargantuan systems that are far more important and larger than Bitcoin, that the price of Bitcoin is also rigged by them.  It further makes you ask why do they keep trying to prop up the price of Bitcoin in an artificially high bubble?  Because they want to try and distract people away from physical metals which are real money and attempt to trick them into a digital only, cashless society, Chinese social credit score slavery system where everyone is tracked and monitored in real-time like cattle slaves.