-- The Riddle of the Twin Brothers - Who Were, Are and Will Rule the World!

[Vlad2Vlad]

Join the Revolution! 


http://bitcoinchat.herokuapp.com

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[Gleb Gamow]

Join the Revolution! 


http://bitcoinchat.herokuapp.com

I came, I saw, I busted a nut. I guess the dudes starting the revolution were on break, eh? That, or some Romanian grandmother was having a fire sale on premium throwing apples, so they all rushed out to get them some.

[Vlad2Vlad]

I came, I saw, I busted a nut. I guess the dudes starting the revolution were on break, eh? That, or some Romanian grandmother was having a fire sale on premium throwing apples, so they all rushed out to get them some.

Let me guess, you're iisnotvlad?  Haha. 

Ping me dude!  I had a really busy day yesterday. 

[Gleb Gamow]

I came, I saw, I busted a nut. I guess the dudes starting the revolution were on break, eh? That, or some Romanian grandmother was having a fire sale on premium throwing apples, so they all rushed out to get them some.

Let me guess, you're iisnotvlad?  Haha. 

Ping me dude!  I had a really busy day yesterday. 

Dude, are you trackin' my IP?  How the hell did you figure it out?  Next time I'm there I'll PING PING the Bat Cave.

Later, bud.

[Vlad2Vlad]

Another bump in the road!

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[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.

[PoolMinor]

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.

Please tell me how Gold inflates?

[x2666]

Please tell me how Gold inflates?

I'll stick up for Vlad here. Gold is still being mined and there is even an asteroid named 433 Eros which is said to contain more gold than ever extracted on Earth.

Asteroid mining is extremely complicated and requires a lot of precision to access the object at the correct speed and location in its orbit. Regardless, asteroid mining will likely be the most profitable venture possible in the indeterminate future.

https://news.ycombinator.com/item?id=358351


Additionally, in March of 2017 a Chinese company named Shandong Gold claimed to have discovered a new deposit. "...2.58 tons of gold reserves and that could reach more than 550 tons once exploration is completed in two years, which would make it China’s largest mine... the mine would have a life of 40 years..."

https://www.bloomberg.com/news/articles/2017-03-29/shandong-gold-says-it-may-have-found-china-s-biggest-gold-mine

[PoolMinor]

Please tell me how Gold inflates?

I'll stick up for Vlad here. Gold is still being mined and there is even an asteroid named 433 Eros which is said to contain more gold than ever extracted on Earth.

Asteroid mining is extremely complicated and requires a lot of precision to access the object at the correct speed and location in its orbit. Regardless, asteroid mining will likely be the most profitable venture possible in the indeterminate future.

https://news.ycombinator.com/item?id=358351


Additionally, in March of 2017 a Chinese company named Shandong Gold claimed to have discovered a new deposit. "...2.58 tons of gold reserves and that could reach more than 550 tons once exploration is completed in two years, which would make it China’s largest mine... the mine would have a life of 40 years..."

https://www.bloomberg.com/news/articles/2017-03-29/shandong-gold-says-it-may-have-found-china-s-biggest-gold-mine

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.

[x2666]

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.  

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

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.

[Vlad2Vlad]

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. 

[Gleb Gamow]

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.

[Vlad2Vlad]

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.

[Gleb Gamow]

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

[Vlad2Vlad]

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

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. 

[Vlad2Vlad]

Sumbitches!!!



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[Someone47]

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

[Vlad2Vlad]

Mad Max!!!



multi image upload

[Vlad2Vlad]

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!!!

[Someone47]

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

[Vlad2Vlad]

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!