bitfools (OP)
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January 03, 2018, 02:03:04 AM |
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So far we have had 3 stages of BTC, birth, growing pains, and rocket-ship
2009-2010 was birth of btc, hackers, crackers & anarchists, tinkered and bought pizza, 2013 was a 2nd layer adoption year, early scammers entered and ran up on new sucker money, and 2017 was third wave, with serious exchange outfits bring in 10's of 1,000's of suckers to fleece
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The parabolic problem is the real danger point, nothing in human history goes parabolic, without coming back down, ( 2017 btc went parabolic )
There is a real problem with BTC, is that 300+ Billion is capitlized, with no hope of exit, for now its a real nice way to launder and hide wealth for the coming collapse of US-DOLLAR/EMPIRE/GOV, but say the collapse does come and all of a sudden all the HODLER's since 2009 come forward, where r the buyers?
Much of 2017 was an ASIAN trading frenzy, and they're fickle,
The biggest wild-card in my humble opinion will be the inflection point where its common knowledge how to crack ECDSA, then CORE will have to either move fast, or a new-alt will be waiting to take up the flow, but for certain there will be a HUGE exit from BTC
The thing is despite lies and BULLSHIT which is 100% of what BTC is about, the thing is NOT long term secure, NSA doesn't issue public algos where they don't hold the key, they're not going to let this thing stay this way forever, as we go into 10 years, with the same ALGO, and CORE stays conservative, the thing is heading over a cliff
I'm assuming there will be a BTC 3.0, a third party not of core, or ethereum, not Monero, or the z-(coinzionist) family of coin, there must be some new real coin that is secure, and anonymous to become the BTC 3.0, and right now I don't see it out there.
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Smartest thing to do is diversify into solid secure coin that have known good ppl running them, CORE simply can't keep patching the one-trick pony forever, I don't see a valid BTC 2.0, and 1.0 has run its life cycle, we need to jump to BTC 3.0, but it needs to have NO NSA algo's, it needs to be super-secure and unhackable for another 20+ years
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BTC block-chain is just a bunch of SHIT glued toether, lots of retards talk about 'math', or other bullshit, or limited coin, but hell there are a 1,000 clones that are ignored that all diminish the value of the ONE CLASSIC BITCOIN
Now that BTC is ten years old, its code is like dinosaur shit, its legs are based on NSA algo's that even the NSA say's are 'dated' The minions just keep marching on based on the MYTH that an anoymous NSA engineer name "NAkamoto Satoshi" was INFALLIBLE, yep right,....
BTC was designed to be hacked, it was designed to create crypto, a cash-less new world order, where gov could control everybody on earth 24/7
BTC was designed so they could PULL THE PLUG anytime they wish, just in time to REPLACE it with a "SUPER GOOD CRYPTO", that they most likely have in the 'waiting'
Given that nobody in the public has created a BTC 2.0/3.0, and given that 99% of the CLONES are just lazy cut&paste copy of btc 1.0 2009 source, it fairly obvious that BTC 3.0 can ONLY come from GOV, and will never come from open-source community, given that especially most open-source now coming out from the mining communtiy it no longer open, but is compiled and collects taxs/fees on it use, the BTC environ has KILLED the very open-source environ that open-source was supposed to resolve
The early egalitarian nature of BTC is GONE, now BTC is 99.9% day-trading selfish assholes as seen on this blog.
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