I'm pretty sure MicG is talking about the original not the original.

In the fourth quarter, the cost of mining a Bitcoin averaged around $4,060 while the trading cost is $3,600. However, there is a varied range for which a Bitcoin can be mined. For example, Chinese miners can get a Bitcoin by spending just $2,400 in the mining process.

well you just continue looking at chart data and think thats all you ned to look at.
while smarter people look at real causations and real events.

but i do find it funny how you made a meme that trend anals(TA) but then you flip flop to then think the price is just based on price
without understanding where peoples common support levels come from

trend anals that only look at the price are the foolish people that ignore technicals.
it really might be worth you looking beyond chart data

seems your trying too hard to justify all the variations of "dollar" value

you win no awards defending the dollar.

Not surprisingly, the most dominant and strongest currency, as well as the most widely traded, is the US dollar. The reason for this is simply the sheer size of the US economy, which is the world's largest. The US dollar is the preferred reference in most currency exchange transactions worldwide. It is the dominant reserve currency of the world.

and if you think the pound is to blame for why dollars value against it changes.
then you have to explain the changes of the other 100+ countries

oh wait. its all the other countries faults. i get it you love and adore the dollar and you want to wrap the dollar in cotton wool and protect it.
good luck

First and foremost is the U.S. dollar, which is easily the most traded currency on the planet. The USD can be found in a pair with all the other major currencies and often acts as the intermediary in triangular currency transactions. This is all because the USD acts as the unofficial global reserve currency, held by nearly every central bank and institutional investment entity in the world.


In addition, due to the U.S. dollar's global acceptance, it is used by some countries as an official currency, in lieu of a local currency, a practice known as dollarization. The U.S. dollar also may be widely accepted in other nations, acting as an informal alternative form of payment, while those nations maintain their official local currency.

The dollar is an important factor, too, in the foreign exchange rate market for other currencies, where it may act as a benchmark or target rate for countries that choose to fix or peg their currencies to the USD's value. China, for instance, has long had its currency, the yuan or renminbi, pegged to the dollar, much to the disagreement of many economists and central bankers. Quite often countries will fix their exchange rates to the USD to stabilize their exchange rate, rather than allowing the free (forex) markets to fluctuate its relative value.

1. is not a sudden reaction..

2. the UNDERLYING VALUE is not the same as PRICE

3. the mining dynamic is not a predictor of ATH or sudden movements daily.

4. the cost of mining/overtaken profit link just reading the links wording suggests they have no clue*

5. might be worth you going deper and researching beyond high school level stuff

by the way, fiat is not stable.

did you know with the US dollar. someone in new york city gets paid a minimum of $15 an hour where as someone outside the city gets paid $7.50

even forex changes alot. a decade ago £1 got you $1.65 now its $1.31

people being used to the volatility does not = stable.. it just means they stopped caring about its movement and just pay whatever price they see as they think fiat is the only currency they can use so have no choice

people want to find the cheapest way to obtain bitcoin. either on the market or by mining it.
when its cheap to mine it, the price goes down becasue people mine it, and if profitable they sell some on the market.
when its expensive to mine it, people buy it and the price goes up

I will take a simple example that happened to me over this weekend. I went to my local Barber for a haircut and they are immigrants from Greece, working in another country. They were talking about MoneyGram and Western Union and how people get ripped off with high fees when they use these services.

This immediately got my attention even though I was not part of the discussion. I simply asked them if they knew how cheap it is to send money to Greece with Bitcoin and this led to a question & answer session and quick training of almost 2 hours. I can now understand their frustration and they have a new way to transfer money to their country without hassles and at a fraction of the price that they are sending it via MoneyGram and Western Union.

Oh, I did not have to pay for my haircut.    

fiat is created at ZERO cost. thus it has a ZERO base cost layer to its value(gold backing died decades ago)
its created due to debt.

unlike other altcoins that are PoS(zero value).

This is just my opinion but anyone can tag anyone for any reason they want even if it is against the advice of Theymos, but you will have to live with the results of your decisions.
You can tag Vod for "licking his boob" if you want but he and the court of public opinion will probably crush you and remove you from DT. Others may also tag you for leaving bullshit feedback.

You might want to look up what the world hyperbole means. Also people contribute to this place as well even if it is the private property of Theymos. He has sought to decentralize its leadership some what. People spend lots of time, money, and energy building reputations and industries on this forum. Acting like people can just walk away without penalty, or that these things have no real world effects is just infantile.

Yes it does sound like every society ever, perhaps we should take lessons from those systems of law and apply them here?

Such as a standard of evidence for accusations and some form of due process.

I don't speak for most people, but you do?

While this thread title is obviously extremely hyperbolic, I think the question in concept is at least a valid one.

In the case of this forum it is essentially a giant engine of drama and scams.

When rules apply to some people but not others not only is confusion created but disregard for the authority of those that wield it in general. In the end this fast and loose style talks lots of freedom and decentralization, and delivers lots of cliques, systemic abuse, and results counter to what most people desire in their user experience.

^ Most people today are working more on average than humans did in hunter gatherer times.  A lot of industries are losing popularity as well.  Less people are eating out, watching sports, and buying new cars.  It doesn't take a genius to realize that nearly all gains made from productivity gains have gone straight to the ownership class.  Younger generations can't even afford homes anymore, far from a stable society.

Now he is advocating for scammers. He is supporting the use of a trust list which would aim to replace the entirety of DT with a bunch of accounts which are either inactive, trolls, scammers, or some combination of those three. This would give literally thousands of scammers a clean trust rating and release them back on to the forum.

I thought the merit system (a last ditch effort at redemption) might bring back the fire and I really tried to make it work. Instead all it did was create another altcoin (meritcoin) to be traded secretly on other forums so it can be used by Indonesian posters to make fiat using google translate. Why give him merit? Because he is this forum now.

weeew lordy