I have some euro in a German bank that I've been too lazy to get out.

I'll buy bitcoins with them if the price hits $3300. That might give me 2 BTC and I can finally close out that account.

There's a reason why at weddings men wear black and women where white.

I have the same suit for weddings and funerals. Many similarities in both.

*in the US

There are cheaper ways of doing this.

4k bitcoin buy wall on Bitfinex at $3,500.

All past experience indicates that whoever is trying to drop the price wants it to crash below $3,500.  

This is not cool.

The only thing we would need government protection from is the government.

I'm not disagreeing with the guy. Just kept waiting for the metagame portion that you mentioned.

I believe the ideal is that Bitcoin itself is a virus to the king. Slowly consuming until the king (banks) is dead.

Strangely enough, this was discussed in some of our seasteading discussions. We don't want to piss off the puppet masters who actually control things (especially early on). So we may have to put a Citibank on one of the first seasteads as an offering to the gods.

So in 2014-2015 the price was down from the all time high. The reality is that the price shooting up to $1200 a year after it was about $12 was a bit premature. But the halving dislodged the supply from demand in a way that nobody really knew what to expect since it was completely new to the market. The price came down to more reasonable levels for the amount of bitcoins coming into the market vs the demand.

In 2016 there was another halving. This time people anticipated that the price would rise like in 2012 so they began buying. The same thing happened again, the supply and demand were dislodged and people misjudged how that would affect the price. But this time there were some larger investors involved since institutions were able to dip their toes into it. Thus the rise to $20k.

The price right now reflects the fact that there are some large institutions with their money in bitcoin but I believe we found the equilibrium of supply and demand around the $6400 range. Though that may have been due to remnants of the FOMO folks still hoping for recovery. Right now people are unreasonably dumping but we still may have some FOMO hold outs that are not yet desperate to leave, so the price may still go down further until they are scared out of the market. Institutions may even start dropping off at times of investor reporting or other institutional reasons. Some may recognize this as a cycle and double down (but don't trust Wall Street folks to be that smart).

The key here is that there is not another halving until 2020. So we will be in this price discovery phase for at least a year.

If history repeats itself, the few remaining hodlers will desperately be telling people a year from now "the halving is coming...hold on just a little longer!...Please!...".

Or, people who saw that the price began to rise a few months before the last halving may start putting their money in a few months before a few months before the halving.

Either way, I would say at least until next fall you should not expect to see any decent prices. News, technical advances, etc. never really have any impact on the price (at least in the short term, it just provides fundamentals in the long term).

I wish this were not the case as I will be selling seasteads starting next year. Coinciding with a market boom would be ideal. But that's just the reality of how the market reacts to halvings.

Then again, who knows...past does not predict future...but we can see some similarities.

All good points.

Though those born into the system don't really have a choice.


I believe the #taxationistheft folks wish that this would become the majority view and the theft fans should be the ones to go and set up elsewhere.

I agree, every piece of land is taken by the ass rapists so there is no "if you don't like it just leave".


I agree. In time this should provide many of the solutions.

I also see seasteading as the solution for those that want to "leave the island". This also we will wait and see.

Umm...the guy said a whole lot of nothing with a lot of words.

Ending with "if you like what I just said, go to this epsilon site to learn more".

The whole article sounded like someone who just learned about Bitcoin and was like "hey guys...I know this Bitcoin thing was made just to get people rich, but have you ever thought that it could be used for liberty?".  

2009 called...they want their whole point of Bitcoin's existence back.

Strange...in theory it should be 1:1 so what does adding it to the exchange do? Other than allow Bitfinex to fractionally reserve RBTC.

I spent some time on Rootstock...never got it to run on my linux box trying to compile from scratch. Admittedly I have Java 10 running and it uses Java 8 so I had to do some editing. I guess it was a bit too reliant on keeping with their set system of compilers.

A good year of posts like these should do the trick.

Dear n00bs that are in bitcoin to win some big fiat prize...bitcoin is over. Listen to the trolls. You lost your fiat.

I hope your friend "high up" in wall street gets out of bitcoin.

He can buy it back when he needs to pay for bread in the bread line.

In the end, this is what all liberals (I think they are ok with us calling them what they are now...communists) really want. For everyone to die. Their whole belief system revolves around the craving for death.

I'm not sure why, perhaps their life is so miserable that they want to die but just can't bring themselves to kill themselves. So they want a system that makes that happen in a slow and horrible way...but for everyone in the world (because...equality).

Also might be why I run into so many transhumanists and people that want to live for hundreds/thousands of years among libertarians. Their belief system revolves around living. Even Hal Finney froze his head in the hopes of being able to fight death.

Imagine that there is a small island with many people just living their lives, they have no taxes but they have a wealthy patron that pays for their government. Roads, hospitals, police, etc.

His only condition is that he has to have anal sex with everyone on the island at least once a year.

This goes on for years, young people are born and when they turn 18 they do their civic duty and provide the guy with their anus for the sex contribution. The guy passes down the tradition to his male children and this goes on for generations.

Then the rumblings begin of certain people saying "yearly anal contributions are anal rape!". People justify the anal rape as something that's always been done. "If you don't like it you can just leave", "it's the price we pay for a civilized society!", "what about the roads!?!", "it's only anal rape if the government doesn't spend the money right", "it's not rape because it's legal", "it's not rape if they're gentle", "on my island he takes me to dinner before I am forced to have sex with him so it's not really rape". Everyone justifies anal rape as normal because they don't know any other way of getting government services so they just accept it as normal.

People getting anally raped is a normal thing. Because government services.

Someone may step forward and say "why don't we just only pay for the services we use? then we could stop being anally raped every year.". After all of the justifications for being raped anally people in the end don't like what the guy is saying mainly because it's easier for them to get anally raped than to pay for things they want. Some even enjoy it so to them it's not rape. Some just can't conceive of how such a system would work so they'd rather just keep getting their ass torn up because it's just how things work. They see him as a threat to their normal way of life and attack him in the hopes that he'll just shut up already.

Or worse, some people are exempt and tell the people getting raped that it's their duty ("think of it like paying rent"...even though you're paying my rent too). They even like the system because the people they don't like tend to get raped harder.

Then some people may finally say...we'll just create a floating island where we don't have to get anally raped and move there.

Instead of people saying "well that's your decision, good luck with that" they are openly hostile to such an idea. "I hope your island sinks!", "you'll end up getting raped by someone even if it's not called rape", "a society without anal rape just can't work", "what about the waves!?!", "Pirates!".

Ethereum turned the Bitcoin revolution into the "crypto" revolution.

People that couldn't work within the structure of a secure and honest means of transferring value had to go to Ethereum to create shit scams. Then call it "crypto" to act like they're part of Bitcoin.

They don't own all of the water...


...yet....

Anyone who paid US taxes or used Federal Reserve Notes are complicit in the white phosphorus attacks on innocent women and children.

Had a dream that the price was down to $1190. 

I decided to go get drunk and the bar was crypto themed.

But still under construction.


This is Bitcoin right now.