traincarswreck
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July 30, 2017, 07:32:57 AM |
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Hey man, I'm not the one posting on an alt-troll acct from being scared. If what I said about bitcoin and metals fundamentals wasn't true, someone would actually be able to put up some type of argument against it but nobody can. Instead, I got Sidhujag the guy from India, the world capital of gold, trying to troll the forum saying metals are a barbarous relic LOL. They sell cooked rats on the side of the road in south east asia, don't give me this barbarous relic shit!
ya im sure he's confused. nonetheless your argument can't be it worked in the past so it will work in the future. gold was good, but only because it had an EFFECTIVE throttle on its supply. This can and will change. It's a myth that it's tangibility was significant. Something with other (changing) significant uses is not as useful as a settlement device than an equivalent that has less other uses. like its not my fault so many of the people that have been arguing you don't know what they are talking about.
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r0ach
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July 30, 2017, 07:39:11 AM |
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quote]ya im sure he's confused. nonetheless your argument can't be it worked in the past so it will work in the future. like its not my fault so many of the people that have been arguing you don't know what they are talking about.
As for economics, you are the (anonymint's favorite word) myopic user of the century. Debt based currencies require infinite growth to not collapse because the interest due is always higher than the principal. Since demographics have peaked in every nation that matters and energy output has also peaked while EROI is simultaneously collapsing, this means growth is over and all debt based currency is doomed to implode. The system will be forced to move to a non-debt based currency whether it's issuing debt free paper like the greenback or changing back to metals. Regardless of what happens, the dollar dies and metals skyrocket in the process. There is no fucking scenario on this planet in which metals don't skyrocket because they are the Schelling point when debt based currencies blow up. You can live in some alternate dimension pontificating on some random bullshit Nick Szabo said, but none of that changes this objective reality that will occur. Stocks are also garbage in this paradigm because they're mostly based around infinite consumer growth as well, but the govt may or may not manipulate that market to whatever number they choose before it all blows up.
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hv_
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Clean Code and Scale
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July 30, 2017, 07:59:34 AM |
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quote]ya im sure he's confused. nonetheless your argument can't be it worked in the past so it will work in the future. like its not my fault so many of the people that have been arguing you don't know what they are talking about.
As for economics, you are the (anonymint's favorite word) myopic user of the century. Debt based currencies require infinite growth to not collapse because the interest due is always higher than the principal. Since demographics have peaked in every nation that matters and energy output has also peaked while EROI is simultaneously collapsing, this means growth is over and all debt based currency is doomed to implode. The system will be forced to move to a non-debt based currency whether it's issuing debt free paper like the greenback or changing back to metals. Regardless of what happens, the dollar dies and metals skyrocket in the process. There is no fucking scenario on this planet in which metals don't skyrocket because they are the Schelling point when debt based currencies blow up. You can live in some alternate dimension pontificating on some random bullshit Nick Szabo said, but none of that changes this objective reality that will occur. Stocks are also garbage in this paradigm because they're mostly based around infinite consumer growth as well, but the govt may or may not manipulate that market to whatever number they choose before it all blows up. There is no black or white. There is no ideal. Not in real world. Its only in our mind and the only way to try to understand a bit of this. Einstein, Nash tried it. The model is not a reality... But nice discussion Its so human
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r0ach
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July 30, 2017, 08:07:09 AM Last edit: July 30, 2017, 08:25:19 AM by r0ach |
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quote]ya im sure he's confused. nonetheless your argument can't be it worked in the past so it will work in the future. like its not my fault so many of the people that have been arguing you don't know what they are talking about.
As for economics, you are the (anonymint's favorite word) myopic user of the century. Debt based currencies require infinite growth to not collapse because the interest due is always higher than the principal. Since demographics have peaked in every nation that matters and energy output has also peaked while EROI is simultaneously collapsing, this means growth is over and all debt based currency is doomed to implode. The system will be forced to move to a non-debt based currency whether it's issuing debt free paper like the greenback or changing back to metals. Regardless of what happens, the dollar dies and metals skyrocket in the process. There is no fucking scenario on this planet in which metals don't skyrocket because they are the Schelling point when debt based currencies blow up. You can live in some alternate dimension pontificating on some random bullshit Nick Szabo said, but none of that changes this objective reality that will occur. Stocks are also garbage in this paradigm because they're mostly based around infinite consumer growth as well, but the govt may or may not manipulate that market to whatever number they choose before it all blows up. There is no black or white. There is no ideal. Not in real world. Its only in our mind and the only way to try to understand a bit of this. Einstein, Nash tried it. The model is not a reality... But nice discussion Its so human In the land of the market fundamentals blind, the r0ach with 4000 eyes is king.
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savetherainforest
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July 30, 2017, 08:24:14 AM |
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In the land of the market fundamentals blind, the r0ach with 4000 eyes is king.
R0ach.. u'r like that old man before being kicked out of his home by his kids. He gets desperate and aggressive at the very end when he comes to the realization what is actually happening to him.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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July 30, 2017, 08:24:49 AM |
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and a coin with 1mb blocks forever has economic viability? Have you noticed that since around the time of the segwit2x intention signaling that the bigblocker nutjobs discontinued spamming the bitcoin network, and the mempool backlog has reduced to almost nothing? Accordingly, transaction fees have reduced to like $.15 or less per transaction, and transaction times are back to normal times of less than an hour (frequently within the next few blocks, which would be less than 30 minutes if 3 confirmations are required). Furthermore, after the bigblocker nutjobs indicated that they are going to fork into bitcoin cash despite the pretty much guaranteed locking in and activation of segwit, transactions on the blockchain had increased incredibly - likely due to folks moving their bitcoin's off of exchanges because of the threatened imminency of a hardfork - however, in spite of the considerable increases in on block transaction volume, the mempool has continued to remain without much of any backlog - resulting in ongoing low transaction fees and fast transaction times. So, yeah, maybe at some point in the near future, bigblocker nutjobs will continue their spam attacks on the bitcoin network, but for now it seems that they are aiming their energies at preparations for their proposed hardfork.
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r0ach
Legendary
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July 30, 2017, 08:25:33 AM |
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In the land of the market fundamentals blind, the r0ach with 4000 eyes is king.
R0ach.. u'r like that old man before being kicked out of his home by his kids. He gets desperate and aggressive at the very end when he comes to the realization what is actually happening to him.
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fluidjax
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July 30, 2017, 08:25:59 AM |
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There is no fucking scenario on this planet in which metals don't skyrocket because they are the Schelling point when debt based currencies blow up. You can live in some alternate dimension pontificating on some random bullshit Nick Szabo said, but none of that changes this objective reality that will occur. Stocks are also garbage in this paradigm because they're mostly based around infinite consumer growth as well, but the govt may or may not manipulate that market to whatever number they choose before it all blows up.
Point is, i've been waiting for fiat to blow since people starting saying this on the internet about 15 years ago. It's coming.... It's coming.... but it hasn't come yet. If it doesn't come in my life time, frankly I couldn't give a shit, and my kids can deal with it So, Roach if you are so sure its going to happen, please give me some numbers, how likely a 'currency blow up' is, in 1, 2, 5, 10, 20 years. Put your money where your mouth, and make it quantifiable, or are you content with it's coming, but have no idea when? -- And Godwin's law is proven....
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savetherainforest
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July 30, 2017, 08:31:47 AM |
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There is no fucking scenario on this planet in which metals don't skyrocket because they are the Schelling point when debt based currencies blow up. You can live in some alternate dimension pontificating on some random bullshit Nick Szabo said, but none of that changes this objective reality that will occur. Stocks are also garbage in this paradigm because they're mostly based around infinite consumer growth as well, but the govt may or may not manipulate that market to whatever number they choose before it all blows up.
Point is, i've been waiting for fiat to blow since people starting saying this on the internet about 15 years ago. It's coming.... It's coming.... but it hasn't come yet. If it doesn't come in my life time, frankly I couldn't give a shit, and my kids can deal with it So, Roach if you are so sure its going to happen, please give me some numbers, how likely a 'currency blow up' is, in 1, 2, 5, 10, 20 years. Put your money where your mouth, and make it quantifiable, or are you content with it's coming, but have no idea when? If the big crash happens this year... then the people will come to realization at least with a 6 month delay. So basically he will have to wait another year or so until his payday arrives. And even then.. bitcoin will be 4-5x more than now in the next 12 months. And until his silver reaches 400-500$ per ounce, bitcoin will enter into its next phase on the path to 40k.
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becoin
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July 30, 2017, 08:37:43 AM |
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Point is, i've been waiting for fiat to blow since people starting saying this on the internet about 15 years ago. It's coming.... It's coming....
It's really coming and it ain't be fun. US desperately need another WW.
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El duderino_
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Activity: 2562
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BTC + Crossfit, living life.
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July 30, 2017, 08:51:08 AM |
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Bet CLOSED! Let the game begins... Thank you all for supporting this game and I wish you all good luck. Let's make contact when ATH touched. Final list: 20/07 Siggy 21/07 Mr Frog 22/07 Protokol 23/07 Bitcoinaire 24/07 Lost_in_base 25/07 rjclarke2000 26/07 Globbo 27/07 Poolminor 28/07 TeeBone 29/07 Ted E. Bear 30/07 bahty 31/07 Infofront 01/08 Vin 02/08 Steelboy 03/08 D_eddie 04/08 Bitserve 05/08 Bikerleszno 06/08 Last of the v8s 07/08 Pajulapoiss 08/08 Imbatman 09/08 Mikenz 10/08 Machasm 11/08 Aesma 12/08 doc12 13/08 Fluidjax 14/08 ShroomsKit_Disgrace 15/08 Fragout ---- slow death 16/08 Orpington 17/08 sirazimuth 18/08 Ivomm 19/08 Elwar 20/08 Oblox 21/08 Haciendo 22/08 Boba 23/08 ErisDiscordia 24/08 Ludwig Von 25/08 Hazukison 26/08 SportbetMaster 27/08 Nanobtc 28/08 Vamos1 29/08 Paashaas 30/08 RayX12 31/08 BinaryReign 02/09 Patrisorvieto 05/09 Entons 06/09 Oinas 09/09 Edgar 11/09 Buwaytress 15/09 MinermanNC 17/09 Spaceman_spiff 21/09 undeadbitcoiner 01/10 K.Ehleyr 02/10 Petemoss2 04/10 Herman Hesse 13/10 Cryptoqueen 05/11 Chainsaw 21/11 Icygreen 12/12 Kurious 23/12 Fractaluniverse 14/01/2018 In the silence 05/02/2018 savetherainforest
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savetherainforest
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July 30, 2017, 08:52:22 AM |
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Point is, i've been waiting for fiat to blow since people starting saying this on the internet about 15 years ago. It's coming.... It's coming....
It's really coming and it ain't be fun. US desperately need another WW. Tell that to the music, movie and video game addicted millennial. Middle finger will be shown to the government promptly!
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steelboy
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July 30, 2017, 09:05:37 AM |
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Bet CLOSED! Let the game begins... Thank you all for supporting this game and I wish you all good luck. Let's make contact when ATH touched. Final list: 20/07 Siggy 21/07 Mr Frog 22/07 Protokol 23/07 Bitcoinaire 24/07 Lost_in_base 25/07 rjclarke2000 26/07 Globbo 27/07 Poolminor 28/07 TeeBone 29/07 Ted E. Bear 30/07 bahty 31/07 Infofront 01/08 Vin 02/08 Steelboy 03/08 D_eddie 04/08 Bitserve 05/08 Bikerleszno 06/08 Last of the v8s 07/08 Pajulapoiss 08/08 Imbatman 09/08 Mikenz 10/08 Machasm 11/08 Aesma 12/08 doc12 13/08 Fluidjax 14/08 ShroomsKit_Disgrace 15/08 Fragout ---- slow death 16/08 Orpington 17/08 sirazimuth 18/08 Ivomm 19/08 Elwar 20/08 Oblox 21/08 Haciendo 22/08 Boba 23/08 ErisDiscordia 24/08 Ludwig Von 25/08 Hazukison 26/08 SportbetMaster 27/08 Nanobtc 28/08 Vamos1 29/08 Paashaas 30/08 RayX12 31/08 BinaryReign 02/09 Patrisorvieto 05/09 Entons 06/09 Oinas 09/09 Edgar 11/09 Buwaytress 15/09 MinermanNC 17/09 Spaceman_spiff 21/09 undeadbitcoiner 01/10 K.Ehleyr 02/10 Petemoss2 04/10 Herman Hesse 13/10 Cryptoqueen 05/11 Chainsaw 21/11 Icygreen 12/12 Kurious 23/12 Fractaluniverse 14/01/2018 In the silence 05/02/2018 savetherainforest Just keep simmering for a few more days please Bitcoin.
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El duderino_
Legendary
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Activity: 2562
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BTC + Crossfit, living life.
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July 30, 2017, 09:08:49 AM |
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Bet CLOSED! Let the game begins... Thank you all for supporting this game and I wish you all good luck. Let's make contact when ATH touched. Final list: 20/07 Siggy 21/07 Mr Frog 22/07 Protokol 23/07 Bitcoinaire 24/07 Lost_in_base 25/07 rjclarke2000 26/07 Globbo 27/07 Poolminor 28/07 TeeBone 29/07 Ted E. Bear 30/07 bahty 31/07 Infofront 01/08 Vin 02/08 Steelboy 03/08 D_eddie 04/08 Bitserve 05/08 Bikerleszno 06/08 Last of the v8s 07/08 Pajulapoiss 08/08 Imbatman 09/08 Mikenz 10/08 Machasm 11/08 Aesma 12/08 doc12 13/08 Fluidjax 14/08 ShroomsKit_Disgrace 15/08 Fragout ---- slow death 16/08 Orpington 17/08 sirazimuth 18/08 Ivomm 19/08 Elwar 20/08 Oblox 21/08 Haciendo 22/08 Boba 23/08 ErisDiscordia 24/08 Ludwig Von 25/08 Hazukison 26/08 SportbetMaster 27/08 Nanobtc 28/08 Vamos1 29/08 Paashaas 30/08 RayX12 31/08 BinaryReign 02/09 Patrisorvieto 05/09 Entons 06/09 Oinas 09/09 Edgar 11/09 Buwaytress 15/09 MinermanNC 17/09 Spaceman_spiff 21/09 undeadbitcoiner 01/10 K.Ehleyr 02/10 Petemoss2 04/10 Herman Hesse 13/10 Cryptoqueen 05/11 Chainsaw 21/11 Icygreen 12/12 Kurious 23/12 Fractaluniverse 14/01/2018 In the silence 05/02/2018 savetherainforest Just keep simmering for a few more days please Bitcoin. getting close for you
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NewWorldCoiner
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Saved you from a scam? Send me some BTC!
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July 30, 2017, 09:12:35 AM |
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Point is, i've been waiting for fiat to blow since people starting saying this on the internet about 15 years ago. It's coming.... It's coming....
It's really coming and it ain't be fun. US desperately need another WW. Tell that to the music, movie and video game addicted millennial. Middle finger will be shown to the government promptly! Like they did in 2001? People signed up in droves for the chance to fight. Propaganda and media manipulation are very powerful tools. Shit, where were those WMD's again?
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r0ach
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July 30, 2017, 09:24:56 AM Last edit: July 30, 2017, 09:49:17 AM by r0ach |
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There is no fucking scenario on this planet in which metals don't skyrocket because they are the Schelling point when debt based currencies blow up. You can live in some alternate dimension pontificating on some random bullshit Nick Szabo said, but none of that changes this objective reality that will occur. Stocks are also garbage in this paradigm because they're mostly based around infinite consumer growth as well, but the govt may or may not manipulate that market to whatever number they choose before it all blows up.
Point is, i've been waiting for fiat to blow since people starting saying this on the internet about 15 years ago. It's coming.... It's coming.... but it hasn't come yet. If it doesn't come in my life time, frankly I couldn't give a shit, and my kids can deal with it So, Roach if you are so sure its going to happen, please give me some numbers, how likely a 'currency blow up' is, in 1, 2, 5, 10, 20 years. Put your money where your mouth, and make it quantifiable, or are you content with it's coming, but have no idea when? I typed it up into a full r0ach report: https://steemit.com/money/@r0achtheunsavory/the-r0ach-report-21-so-you-want-to-know-how-long-until-the-system-blows-up
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fluidjax
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July 30, 2017, 09:36:32 AM |
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Something between a few months to 24 months is probably pretty accurate. All I know is, unless they manage to kill everyone on the planet with nukes, the Yids aren't going to be able to contain silver and it's going to make me a lot of money.
Thankyou for pinning it down, and your explanation. I'm counting down till July 2019 You should really lay-ff the anti-semitic stuff, I understand it's probably a strongly held belief of yours, but for most people at the very minimum it irritates and therefore clouds your argument.
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r0ach
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July 30, 2017, 09:55:11 AM Last edit: July 30, 2017, 10:16:26 AM by r0ach |
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Something between a few months to 24 months is probably pretty accurate. All I know is, unless they manage to kill everyone on the planet with nukes, the Yids aren't going to be able to contain silver and it's going to make me a lot of money.
Thankyou for pinning it down, and your explanation. I'm counting down till July 2019 You should really lay-ff the anti-semitic stuff, I understand it's probably a strongly held belief of yours, but for most people at the very minimum it irritates and therefore clouds your argument. Why? Be the change you want to see in the world. In the words of right wing death squad leader Duterte:
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Last of the V8s
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Be a bank
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July 30, 2017, 10:16:11 AM |
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Huntercoin? Silence of the Lambos
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Pajulapoiss
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July 30, 2017, 11:19:26 AM |
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There is no fucking scenario on this planet in which metals don't skyrocket because they are the Schelling point when debt based currencies blow up. You can live in some alternate dimension pontificating on some random bullshit Nick Szabo said, but none of that changes this objective reality that will occur. Stocks are also garbage in this paradigm because they're mostly based around infinite consumer growth as well, but the govt may or may not manipulate that market to whatever number they choose before it all blows up.
Point is, i've been waiting for fiat to blow since people starting saying this on the internet about 15 years ago. It's coming.... It's coming.... but it hasn't come yet. If it doesn't come in my life time, frankly I couldn't give a shit, and my kids can deal with it So, Roach if you are so sure its going to happen, please give me some numbers, how likely a 'currency blow up' is, in 1, 2, 5, 10, 20 years. Put your money where your mouth, and make it quantifiable, or are you content with it's coming, but have no idea when? I typed it up into a full r0ach report: https://steemit.com/money/@r0achtheunsavory/the-r0ach-report-21-so-you-want-to-know-how-long-until-the-system-blows-upI agree that there will be big trouble in fiat currency's within the next few years and the system blow-up is more or less inevitable in the long run. But why silver? I could see some independent crypto-currency as a safety net, whether it'll be btc or something else - time will tell. If we do get sucked into hyperinflation, the btc price will only rise, compared to fiats - because the latter is dropping in value.
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