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Author Topic: -- The Riddle of the Twin Brothers - Who Were, Are and Will Rule the World!  (Read 349036 times)
x2666
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July 09, 2017, 07:56:35 AM
 #3061

Ok you got me on the mining asteroid thing, but as far as any new gold existing it will never happen. The gold that they "found" was already on Earth and therefore not inflated.

Yeah, well the available supply in circulation is inflating.  Tongue

Somewhere deep in the cosmos Gold is being formed from some insane star sized chemical reactions.  Cheesy

If Bitcoin is fully minted in 2140 at 21 million units without a hardcap increase then mining will likely move to another coin which is traded for btc. It isn't the same as mining new btc but the overall supply of cryptocurrency units which are perceived to hold value will continue to inflate.

BitcoinTalk is a highly censored cesspool primarily serving as a vehicle to operate scams.
Pointing out truth or straying from the promoted narrative will be met with shills spouting non sequiturs.
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Vlad2Vlad
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July 09, 2017, 01:58:14 PM
 #3062


Ok you got me on the mining asteroid thing, but as far as any new gold existing it will never happen. The gold that they "found" was already on Earth and therefore not inflated.

For 5,000+ years gold has never had a static supply.  What makes you think that will change in the next 5,000 years?

So one has to assume a constant inflation of gold.

Furthermore, most of the earth has never been explored.  There is no way to know how much gold is really out there and if anyone ever finds an astronomical sized mine it's not like it's in their best interest to advertise it.

Also, there is no way to know for certain that earth's gold reserves aren't replenished.  Just like there are theories now that we will never run out of oil because the earth replenishes it [and it doesn't take million of years] so it may be for gold.

Finally, nobody knows the "fixed" supply of the gold on this planet so it's a mistake to presume some arbitrary number, especially if one takes into account the above possibilities.

Then there's asteroid mining.  Which I think is bunk stories but you can't dismiss them. 

iXcoin - Welcome to the F U T U R E!
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July 09, 2017, 08:22:36 PM
 #3063


Another bump in the road!

---

[Bitsonline] - Bitcoin’s 21M Limit Means It Can’t Be a Currency: China Central Bank Adviser

July 8, 2017 by Jon Southurst

Bitcoin’s 21 million supply cap is one reason Bitcoin can’t work as a currency — says one adviser to the People’s Bank of China. However, he said, it can still be considered an asset.


Currency Must Have ‘Fundamental Attributes’

Reuters reported that PBOC adviser Sheng Songcheng made the comments in an interview with financial magazine Yicai on Thursday. The reasoning behind his viewpoint was:

“Bitcoin does not have the fundamental attributes needed to be a currency as it is a string of code generated by complex algorithms … But I do not deny that virtual currencies have technical value and are a type of asset.”

He also cited price volatility and the 21 million BTC cap, which will be complete in the year 2140, as other reasons. Such inflexibility meant Bitcoin could not meet modern economic development needs, which requires the money supply to be flexible according to the current condition.

---

This is another thing I've been saying and it is technically true.  You want 3%-5% inflation [although that will certainly be abused with time].  Regardless, it is reality - even Gold inflates.  This will never change.  Ever.

All kinds of pipe dreams are gonna pop soon.



If ONLY bitcoins were capable of being divided down to decimal places - say 8, for sake of argument - then perhaps the Chinese Fed would reconsider their recent position. If 8 ain't enough, then go 8 more decimal places. I'm no crypto guru, but me's think that that would solve the 21M bitcoins cap issue, in essence having more units of bitcoins then there are, say, ounces, if not grams or specks of gold - OR MAYBE EVEN GRAINS OF FUKIN BEACH SAND.
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July 10, 2017, 02:29:01 PM
Last edit: July 10, 2017, 02:47:44 PM by Vlad2Vlad
 #3064


Another bump in the road!

---

[Bitsonline] - Bitcoin’s 21M Limit Means It Can’t Be a Currency: China Central Bank Adviser

July 8, 2017 by Jon Southurst

Bitcoin’s 21 million supply cap is one reason Bitcoin can’t work as a currency — says one adviser to the People’s Bank of China. However, he said, it can still be considered an asset.


Currency Must Have ‘Fundamental Attributes’

Reuters reported that PBOC adviser Sheng Songcheng made the comments in an interview with financial magazine Yicai on Thursday. The reasoning behind his viewpoint was:

“Bitcoin does not have the fundamental attributes needed to be a currency as it is a string of code generated by complex algorithms … But I do not deny that virtual currencies have technical value and are a type of asset.”

He also cited price volatility and the 21 million BTC cap, which will be complete in the year 2140, as other reasons. Such inflexibility meant Bitcoin could not meet modern economic development needs, which requires the money supply to be flexible according to the current condition.

---

This is another thing I've been saying and it is technically true.  You want 3%-5% inflation [although that will certainly be abused with time].  Regardless, it is reality - even Gold inflates.  This will never change.  Ever.

All kinds of pipe dreams are gonna pop soon.



If ONLY bitcoins were capable of being divided down to decimal places - say 8, for sake of argument - then perhaps the Chinese Fed would reconsider their recent position. If 8 ain't enough, then go 8 more decimal places. I'm no crypto guru, but me's think that that would solve the 21M bitcoins cap issue, in essence having more units of bitcoins then there are, say, ounces, if not grams or specks of gold - OR MAYBE EVEN GRAINS OF FUKIN BEACH SAND.

I've heard heard this argument before.  It's misguided.

If you hold 1 BTC for 100 years and the cap stays at 21 million [holding all things equal] how much purchasing power have you lost?  How much interest has been paid out?

So how is bitcoin inflationary?

Like all premises so far taken by those in crypto the same mistake is taken now.  There are multiple reasons why governments need a "flexible" money supply.  And a 21 million hardcap fails to give them that.  

I don't care personally.  I just wanna see it go mainsteam.  Make it work or cooperate or they'll choose a coin that does it all.

iXcoin - Welcome to the F U T U R E!
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July 11, 2017, 12:25:31 AM
 #3065


Vlad, please stop the bleeding! We'll do anything you ask. ANYTHING! Just make it stop. We beg of you.  Cry Cry Cry
Vlad2Vlad
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July 11, 2017, 09:27:59 AM
 #3066



Vlad, please stop the bleeding! We'll do anything you ask. ANYTHING! Just make it stop. We beg of you.  Cry Cry Cry


The pain is real and it's only gonna get worse. 

So I was off by 1 summer.  Mad Max is here!!!

It's gonna be a hot summer.  Tra La La.  You know the rest. 

iXcoin - Welcome to the F U T U R E!
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July 17, 2017, 07:14:48 PM
 #3067



Sumbitches!!!



multi image upload

iXcoin - Welcome to the F U T U R E!
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July 17, 2017, 07:19:46 PM
 #3068

whatever ixcoin is dead but vlad knowS btc go down but mabye not that it gos higher above $50000 in 3 years.
but vlad will know invest because he good man with open eyes.

all coins boomin hard
good times rolling, the machine is heating uppppp uppppp we go

سلام
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July 17, 2017, 07:35:04 PM
 #3069


iXcoin - Welcome to the F U T U R E!
Vlad2Vlad
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July 17, 2017, 07:37:16 PM
 #3070

whatever ixcoin is dead but vlad knowS btc go down but mabye not that it gos higher above $50000 in 3 years.
but vlad will know invest because he good man with open eyes.

all coins boomin hard
good times rolling, the machine is heating uppppp uppppp we go

IXcoin is in the ashes, much like me, but it will soon rise, just like me.

As for BTC - it has to survive this coming split and if it does then $50,000 is a guarantee.  But that's a big risky IF!!!

iXcoin - Welcome to the F U T U R E!
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July 17, 2017, 07:39:37 PM
 #3071

whatever ixcoin is dead but vlad knowS btc go down but mabye not that it gos higher above $50000 in 3 years.
but vlad will know invest because he good man with open eyes.

all coins boomin hard
good times rolling, the machine is heating uppppp uppppp we go

IXcoin is in the ashes, much like me, but it will soon rise, just like me.

As for BTC - it has to survive this coming split and if it does then $50,000 is a guarantee.  But that's a big risky IF!!!

you are the one,,must revive IXC on another chain.  I recommend the Ethereum chain.
20$ a piece will be possible. 
it was the first altcoin and should be first old altcoin to regenerate phoenix on new chain.
You will feel the vision
antoaneta know

سلام
Vlad2Vlad
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July 17, 2017, 07:55:53 PM
 #3072


you are the one,,must revive IXC on another chain.  I recommend the Ethereum chain.
20$ a piece will be possible. 
it was the first altcoin and should be first old altcoin to regenerate phoenix on new chain.
You will feel the vision
antoaneta know

Interesting perspective!  Smiley

iXcoin - Welcome to the F U T U R E!
Gleb Gamow
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July 17, 2017, 09:31:47 PM
 #3073


My warped mind envisions a vIXen Vlad, with your head shopped on the pic below:


 Tongue Tongue Tongue
edgar
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July 18, 2017, 02:25:42 AM
 #3074

eww...

is bruno notlambchop??
Vlad2Vlad
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July 18, 2017, 09:24:01 AM
 #3075



Hahaha, Gleb, I worry about you! 

iXcoin - Welcome to the F U T U R E!
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July 18, 2017, 01:23:54 PM
 #3076

BTC price is rising again Vlad.Are we about to pump or dump or should we go all in on IXC?
Gleb Gamow
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July 18, 2017, 02:16:13 PM
 #3077



Hahaha, Gleb, I worry about you! 

It's worst than that! I sometimes worry about me.  Tongue Tongue Tongue
Vlad2Vlad
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July 18, 2017, 02:53:07 PM
 #3078

BTC price is rising again Vlad.Are we about to pump or dump or should we go all in on IXC?

I would go all-in on IXC here!!! Steal of the century!!! 

iXcoin - Welcome to the F U T U R E!
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July 18, 2017, 03:15:15 PM
 #3079

BTC price is rising again Vlad.Are we about to pump or dump or should we go all in on IXC?

Speaks for itself.


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July 18, 2017, 05:12:04 PM
 #3080

But I will not buy IXC, because it will go down, because it is not used.
Buy BTC it will go to $100000. The right chain will of course just go on like Bitcoin always does and did.
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