Yea well, I consider bitcoin a useless shitcoin compared to physical silver coins, but holding bitcoin has been more profitable recently.

I think people got the game theory of BCH vs BTC completely wrong.  Does Smooth agree with my statement here?:

Whenever the ghost of Anonymint gets back on his 73rd account, I would like him to comment on my statement that people got the game theory of BCH vs BTC wrong:

You are correct.  Random noobs on this forum INCORRECTLY stated that the only valid game theory path was to dump BCH (think it was derived from some nonsense Szabo said).  He made the error of assuming you're required to keep one token at all.  The real optimal path is to dump both of them in event of rough consensus attack, meaning what's going on right now.  If you refuse to dump both for whatever reason, then the optimal path to try and minimize loss would just be to hold all of them.

Conversely, anyone trying to force the entire planet onto a fixed block size coin with low scaling is inherently pushing an extreme PRO-USURY stance for everyone to be extorted.  The only way you're not doing so is if bitcoin used something like Monero-style scaling block size.


Cryptocurrency does not do anything better than precious metals like gold and silver in current state.  It's probably not even possible to create a decentralized cryptocurrency in the first place.  People in cryptocurrency are generally just creating Rube Goldberg machines one after another that are just obfuscated centralization/reputation systems while claiming they're decentralized.

BCH is not the solution, nor is BTC or the other 900 altcoins.  The further you abstract away from barter the bigger a scam the monetary system you're using is.  If you want to use an actual sound money system, you have to use a physical based commodity form of money aka gold and silver.

Why not just use physical silver and then you don't have to worry about all your transactions being tracked and monitored in an Orwellian-style dystopia?

He was right, though.  The fact that BCH has fast difficulty adjustment and bitcoin doesn't while the Chinese control most of the hash power is gonna be mega-problems for BTC.  I imagine all BCH has to do is NOT DIE and it will cause Luke Jr to be forced to fork BTC to change difficulty adjustment.  Since BTC is now forced to fork, people will probably want a bunch of other changes like PoW algo change as well.  It's a real can of worms here.

Having said that, I vew any chain with a fixed blocksize and low scalability being nothing more than an extortion, rent seeking usury system.  If you're promoting the whole planet pile into a 1 MB blocksize coin, all you're doing is promoting usury.  The only way to fix that paradigm is use a scaling blocksize like Monero.

It's bad enough pensions require 8% yearly returns from stocks to not implode and cause massive civil unrest.  The last thing they need to do is add a BTC ETF into that mix and have the value bounce up and down 50% per day or implode to 0 from some type of security problem or other issue.  The ETF will inevitably just be used to create fractional reserve BTC anyways to suppress price and direct people back to the dollar.  

The only people who actually benefit from it are a few large holders like the Winklevoss or Digital Currency Group attempting to liquidate their overpriced coins on clueless and geriatric baby boomers while they would have problems finding liquidity to do it without one.  So all the ETF really is is just an exit scheme.  

Do you really think old people and retirees should be investing in this stuff?  I sure as fuck don't.  Gold and silver are the Schelling point for money when the dollar goes south, NOT cryptocurrency, so geriatric people shouldn't be diverting a cent to this stuff and eventually having it blow up in their faces.

It wouldn't be good if an ETF was approved IMO.  

Do you really want a bunch of 90 year old retired people having their life savings tied up in this nonsense that can crash to 0 at any second of the day?  Yea, it would be a good exit scheme for you, but a disaster for everyone else. Kinda like how if I bought a used car from some old senile guy and paid him with silver I would feel it's a fair trade, but if I paid him in bitcoin I would feel like I scammed him since the coins have no real value and can implode to nothingness at any moment.  

Bitcoin should really only be used by crackdealers attempting regulatory arbitrage or crimelord money launderers like JayJuanGee and not normal humans which are served better with real and non-imaginary assets.

Possible Ver and Putin collusion?

The fact that you claimed increasing the throughput of bitcoin would have zero benefit to price when everyone knows it's current throughput is poor kinda put you in the mentally impaired category without us needing to go over any other issues.

Let the developments commence!

I like how people claim bitcoin isn't a failed experiment then claim if miners use their hash power to cause some type of change that it's invalid even though that's the way bitcoin is designed LOL.

So much BCH hatred.  The blocks just want to propogate and they're met with a hate movement by Marcus & friends.

It will be interesting if the chinamen pull their hashpower from BTC and go to BCH, then Luke Jr will be forced to fork bitcoin to unstick the 4 hour blocks before the chain dies.  Then we'll have forks crawling out of our ears and all kinds of arguments over what the real bitcoin is.

It already is a failed experiment.  Decentralization isn't based on the ability to run a node like all the kooks in bitcoin claim, it's the ability to be able to mine coins yourself instead of being forced to buy them from a 3rd party. Being a failed experiment allowed it to become so centralized that it created a large profit motive for the people it centralized around to pump it higher for personal gain.  In this case, price going up has nothing to do with success.  Just like how the majority of coins that rise to the top of coin market cap page do so from being centralized pump and dumps.

You have no point.  If someone is buying 100 pounds of crack rocks, it doesn't matter if he's paying with bitcoin or metals.  He would need to show up in person and utilize some type of security, otherwise he's operating solely on a reputation system or the word of the other person to send him the goods.  Your statement is completely irrelvant in comparing bitcoin and metals since it affects both the same.  But, my statement was OBVIOUSLY not referencing that type of counter party risk.  

If I own metals, a blackhole or something needs to hit the earth to destroy it.  There is no counter party risk.  If I own bitcoin, it's FULL of external actors and variables that can undermine the system and kill it.  Even innocuous so called "upgrades".  Maybe Luke Jr wants the block size to be 1 kilobyte while another guy wants it to be 20 gigs.  The fact that they don't agree can cause the system to implode or fracture.  Stop playing stupid and pretending bitcoin isn't full of external variables completely out of your control that cause huge counter party risk. 

As for buying stuff from other countries, bitcoin doesn't magically eliminate the need for sending stuff by boats.  You don't get to make believe there's always going to be a giant manufacturing plant in the sky called China where you send infinite amounts of digital US T-bills or bitcoin to, and China will be perfectly happy with accumulating an infinite stream of these worthless things and never want real world goods in return for them.  And no, you don't have to ship gold or silver to them to pay is because activities like this are handled by import/exporters that bring the goods your country doesn't produce to you already.  

You only have to transport metals between banks in your own country, and they're perfectly capable of doing that.

After seeing every other industry try to low labor costs and outsource to India, the computer graphics industry tried it and it totally failed because Indians were unable to compete in art or creativity.  Now here we have traincarswreck/sidhujag from India who is unable to do anything besides parrot Nick Szabo, one of the ringleaders of the Ethereum scam while pretending he's the word of god.  If you're unable to explain or back some type of view on your own, don't bother posting.