Do any of the models apply?

[siulynot]

Yes I know but what in particular ;\

Dont loose your time with the bitbulls... they wont understand where they are standing.

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[Zangelbert Bingledack]

-can not be seized (go for it, seize my bitcoins, it will be impossible without my permission, tell me one other form of money that works that way) pretty sure during seizure, no one is given permission. so this is just wtf

I'm all for newbies coming here to learn, but if you refuse to even read up on the basics before spouting off, you're not gonna have a good time.

[jubalix]

Its certainly interesting to read all the analysis and speculation about the future of bitcoin.    "We had a bubble before" ... "Its following the trend of gold" ... "It's all speculation and hype" ... "Its a pyramid/ponzi scheme"...  "Look at the trends... here is a bear trap/bull run/cow patties"

The thing I keep coming back to is that nobody has really seen anything like this before.  It is the creation of a brand new currency based on a new paradigm.  No more reliance on central banks or government... peer-to-peer... technologically sound.  How can you really relate it to anything we have seen before?

The closest thing I can see regarding its future potential, and it was referenced in a comment I saw this morning, that the talk is not unlike people talking about personal computers in the 80s, or the Internet or WWW in the 90s.  And look where they are now.  This is the equivalent in currency.  And if that is the case, I feel more strongly about its future than ever.

I think we are witnessing history in the making... and taking part!

your right

people are confusing stocks/bonds/instruments/FOREX with which they are familiar with FRB/CRR currency creation and adoption rates It is very very few people that understand FRB/CRR etc



people are adopting BTC, and it is expanding, displacing its/the value from other currencies and preserving each bit of fiat value it takes.


FOR EXAMPLE

do people realise that no one makes money on the stock market ever

they only swap money that has already been in put circulation/created by approved FRB institutions / debt instruments

you only swap existing money on the stock market

[Crazy]

@100x

Thanks for the writeup. I can agree with some of your positions, particularly on recognizable (I thought he meant recognized as legitimate, even if not accepted), counterfeiting (as I'm not certain of this), transferability (I was in fact including adoption), and worldwide. We'll have to agree to disagree on the rest, not because they're not true, but because they're non-starters for something considered to be revolutionary. But just as an aside Western Union, as well as some wire transfers, are in fact irreversible to a certain degree; there are exceptions of course, but they're rare and very difficult.

[DoomDumas]

-highly divisible
-finite
-recognizable
-impossible to counterfeit
-fungible
-easily transferable (send and receive)
-easily and inexpensively secured and stored
-easily accessible, 24/7 (requires internet)
-can not be seized
-pseudonymous
-worldwide
-low fees (if any at all)
-distributed and decentralized (no central control, I don't need to ask permission to send coins, no central point of failure)
-irreversible (this is a pro for responsible users)
-voluntary (no one is forcing me to use Bitcoin, for anything, including payment of debt)
-apolitical (x country's choices won't affect Bitcoin except through free market forces)

There are your fundamentals. Now decide how valuable something like that might be to people in today's world. Some might think we are overbought, I'm still waiting for the rest of the world to catch up.

+1

Agree, Approve, this is my tought too !