Any non-fungible cryptocurrency with white and black lists is a permissioned ledger by default.  As I said before, the govt is going to create an alias system wrapper that goes around bitcoin and force everyone to use it by law or be considered a criminal launderer.  They will then eventually do the old switcharoo and divorce the alias system tokens away from representing bitcoin into being IMF coin or something.  It's far more likely the govt co-opts bitcoin and turns it into the cashless society slave system rather than it acting as an "on-ramp" to freedom.

It's plain as day to see what's going to happen with laws like this coming out in Japan:

"Only approved virtual currencies by the authority are considered legitimate and can be traded, sold or promoted to public"

This means govt is the legal arbitrator of forks.  The US, UK, and EU will hold a meeting and all collude saying only the fork with chain anchor or worse is the real bitcoin!  Since they can easily control the exchanges and mining pools, people will be forced to use that fork or have their coins become worthless.  The only reason bitcoin isn't illegal is because they know how easy it is to co-opt and morph it into their cashless society control grid.

This market is funny, it has no type of reasoning behind it.  The price spikes up to a double top on bitstamp then some random person just puts in a market order for $150,000.  Yea, I realize any market with two corresponding walls is nothing but manipulation to determine price, but it's funny watching it play out for an imaginary object with no inelastic demand.  Nobody can be like "oh yea, that was Dell buying some copper to wire their new buildings".  Everyone watching is just like, "Good job Chinese market manipulator".  And that's basically the synopsis of this entire market lol.

Haha, Spain's fall from world empire to third world country?  If Spain is a 3rd world country, what is America?  An 8th world country?

Capital of Spain



vs

Capital of America

Julian Assange has given the go ahead that everything looks perfectly normal on Chinese exchanges:

I re-wrote the second part of my reply.  I do not believe there will ever be a case of imaginary digital numbers having more value than something that actually exists.  It will always just be a deception involving asymmetric deployment of information:

You have to be joking.  If anything he made himself look foolish claiming bitcoin actually has the capability of defeating the gold market cap.  You've made how many threads yourself saying bitcoin has no future?  Now you're taking the opposite stance for shits and giggles even though you know it's wrong. 

I guess you could claim the bankers might try to hoist a digital currency scam system upon the serfs, then they would artificially inflate the market cap of the digital numbers that don't exist as more than imagination, and that will somehow surpass the market cap of gold; but at the same time, the central bankers would just buy up and hoard all the gold for themselves.  So the gold in reality is more valuable since they value it more than non-existent digital numbers.  The whole thing in that case would just be a trick and the gold really would still be more valuable...

Anonymint, seriously, you're just randomly making shit up here.  Nobody has any clue how this is going to play out, not the bankers, not you, not anyone else.  The bankers all have their schemes of what they "hope" they can pull off, then a bunch of alternative backup plans to that.  I'm sure enslaving everyone in a digital currency is one of the top goals, then being forced to remonetize the system by revaluing metals is probably plan 3 or 4.  Regardless, they're not getting all their dream plans checked off in the current world climate.  If anything they're rapidly losing ground and will be forced to shift to those plan 3, 4, and 5's.

Yea, there's Anonymint going off into bullshit fantasy land.  The more the paper tiger known as Jewish bankers that only consists of two branches (lying media and financially manipulating banks) tries to come down on the western white man, the faster they will all get holocausted.  What a nonsensical plan Anonymint postulates, that they could somehow take over every town in America militarily.  Even using foreign troops it would be a disaster for them.  Send 100 to try and lock down a small town I'm in and all 100 will be leaving in body bags after they figure out what one person with a rifle and scope can do.  

Nevermind the fact there will be far more than one person doing this besides me.  When civilization has already imploded and you've got nothing to lose, why not?

Now we know what happened to MatTheMat:

Make world great again

It depends.  The wildcard variable in this situation is how badly the malevolent, enemy of mankind, Jewish bankers want to try and force everyone into a digital cash only slave system.  If they believe people getting accustomed to bitcoin helps them in this process to fiscally rape you, then hello bitcoin ETF.

It's possible they might believe adding a bitcoin ETF will also keep people out of the metals market and prevent a run on their fractional reserve Comex.  I think that would be a stupid assumption since if Bitcoin went to like $10,000, people like me would be wiping out all the metals that exist, but you never know what goes on in the mind of the shylock.

Of speculation...just like...



The rubber has to meet the road eventually.  Bitcoin's main use was the drug market, which would give each coin a value of something like $10-100 at most.  The rest of that is all expectation of future growth.  For those expectations to be realized, it will have to expand TPS beyond that of a settlement network or blow up.

You guys are not very good economic collapse planners.  For one thing, there is A REASON the majority of large human settlements through history have been bordering the ocean.  If the crops go bad or if there's some type of scarcity issue, people just ratchet up the fishing.  There will be no global "TEOTWAWKI".  There will be many places of low population density that border the ocean where people will fish their way straight through it no matter how bad the economy became.

If the JIT delivery economy collapses, fishing will be the #1 workaround to that.  There is no possible better location than a low population density area bordering the ocean.  As for Anonymint, there's a lot of people stacked like pancakes in the Philippines, so you'd probably need the ability to go far out in the ocean to make due with all that competition.  I mean, if the competition is that high, you would basically be living out at sea.

If you accept my thesis that bitcoin is not a store of value, any block size in which the function of bitcoin is to act as a settlement network is useless because:

1)  the main point of a settlement network is acting as a store of value

2)  precious metals function as a store of value far superior than bitcoin does

This means there is virtually zero difference between 1 MB and 10 MB blocks.  I did some calculations to try and quantify how much TPS bitcoin needs in order to not be a settlement network (since it has no value as a settlement network), and came up with the number 5000.  I then looked up how much TPS Visa pushes and...low and behold, peaks at 4000 TPS a day.

So my general conclusion on this entire mess is, bitcoin has no value without a functioning lightning network type of system that allows it to expand beyond a settlement network into the neighborhood of something like 5000 TPS.  This means arguing over 1 MB, 2 MB, and 4 MB blocks has no relevance to anything.  However, someone would need to figure out a safe base block size in order to support 5000 TPS for when numerous people all close channels simultaneously.

I don't think that type of analysis is really valid for something that has the cost of production double overnight.  Bitcoin is designed from the ground up as some type of money making scheme that has to rapidly increase in price or fail entirely.  The thing is always going to be resembling something like a 45 degree up angle or the price will be 0 with no real in-between.  Conventional TA doesn't apply to something like this.  You're either going to make money or lose all your money.

Anyway, I'm happy buying gold like $20 off the floor, but I have more silver:

Rickards has always been an oddity to me.  He seems to be an insider who was a part of the whole scam system, then he brags about how he's going to tell you "secret" information from the fed/treasury/what have you.  Any of this so called secret information would either be classified or get you killed by spreading it.  Due to this, I'm kinda leaning towards Rickards being some type of disinfo agent.  Harry Dent probably also is.  They give you 60-70% correct info then 30% wrong of the important parts.  Some of these guys exist only to deflect attention away from the Jewish media and banks to try and prevent them from being holocausted again as well.

But...the Goyim know:  http://www.youtube.com/watch?v=yFIuATI0558

I've tried some of those "retro" drinks that contain real sugar instead of corn syrup and they tasted worse.  Not sure if they did a shitty job on them or if the corn syrup ones actually do taste better ...