TIME TO BUY

[NotLambchop]

...It is programmable, better money.
...

That's Bitcoin's biggest problem--it's algorithmically predetermined, it is preprogrammed.  The local paranoid fringe would have you believe that it's a good thing, but it ain't.

Think of it as a clockwork guidance system:  instead of reacting to the terrain like an IRL driver, it only reads instructions from a piano roll: forward two feet, turn 12 degrees left, halve block reward, and so on.  If something gets in its path, there is no way to avoid it, no way alter the course.
Theoretically, it is possible:  If the entire bitcoin network comes to a consensus.  That's like driving a car by consensus--by the time consensus is reached, you're already flying through the windshield.

In short, Bitcoin's a throwback to the days of gold and cowrie shells--when money supply was inelastic & controlled by scarcity.

Modern money is more complex.  It depends on elasticity of supply, which, in turn, depends of having IRL people at the helm.
The Luddite need to undo centuries of innovation to return to cowrie shells seems attractive--everyone understands how cowrie shells work, and simple must be good, amirite?  Why spend years studying economics when a bit of horse sense is enough?  The problem's it ain't

[exoton]

...It is programmable, better money.
...

That's Bitcoin's biggest problem--it's algorithmically predetermined, it is preprogrammed.  The local paranoid fringe would have you believe that it's a good thing, but it ain't.

Think of it as a clockwork guidance system:  instead of reacting to the terrain like an IRL driver, it only reads instructions from a piano roll: forward two feet, turn 12 degrees left, halve block reward, and so on.  If something gets in its path, there is no way to avoid it, no way alter the course.
Theoretically, it is possible:  If the entire bitcoin network comes to a consensus.  That's like driving a car by consensus--by the time consensus is reached, you're already flying through the windshield.

In short, Bitcoin's a throwback to the days of gold and cowrie shells--when money supply was inelastic & controlled by scarcity.

Modern money is more complex.  It depends on elasticity of supply, which, in turn, depends of having IRL people at the helm.
The Luddite need to undo centuries of innovation to return to cowrie shells seems attractive--everyone understands how cowrie shells work, and simple must be good, amirite?  Why spend years studying economics when a bit of horse sense is enough?  The problem's it ain't

To be fair, it is possible to change the "program" (aka the protocol) to adapt to changes in the environment (aka fork the network). This has been done before and will almost certainly happen in the future. Modern money does not need to react quickly and can take it's time to change

[NotLambchop]

...To be fair, it is possible to change the "program" (aka the protocol) to adapt to changes in the environment (aka fork the network). This has been done before and will almost certainly happen in the future. Modern money does not need to react quickly and can take it's time to change

The things that need to be changed, like rate of emission/inflation (block rewards/block reward halving rate) are very difficult to change through consensus.  Miners won't want to make less coin just because some egghead tells them it's for the greater good.

[jaredboice]

NotLambchop: "This user is currently ignored." 

[barabbas]

Wow this is evolving into quite a mess...

The point of the OP was to state that, in my opinion, the price of BTC was stabilizing at these low levels from which -again, in my opinion-, it will spring upside for very significant gains in the near future, with plenty of swing-trade opportunities from higher highs.

The philosophical and technological aspects of the currency-commodity/whatever notwithstanding.

[ThatDGuy]

Wow this is evolving into quite a mess...

Trolls have that effect on threads

The point of the OP was to state that, in my opinion, the price of BTC was stabilizing at these low levels from which -again, in my opinion-, it will spring upside for very significant gains in the near future, with plenty of swing-trade opportunities from higher highs.

This is the feeling the last few weeks have had, for sure

[Gianluca95]

Agree with you. Now is the time to buy and HODL for better times, it's a very bad decision to sell, (Said this in another OP). Anyway, rules is always the same: Don't try to invest more that you can lose. So, keep calm and wait for the raising !

[FatherBob]

...
Trolls have that effect on threads
...

Don't mistake logic for trolling, my son.

...It is programmable, better money.
...

That's Bitcoin's biggest problem--it's algorithmically predetermined, it is preprogrammed.  The local paranoid fringe would have you believe that it's a good thing, but it ain't.

Think of it as a clockwork guidance system:  instead of reacting to the terrain like an IRL driver, it only reads instructions from a piano roll: forward two feet, turn 12 degrees left, halve block reward, and so on.  If something gets in its path, there is no way to avoid it, no way alter the course.
Theoretically, it is possible:  If the entire bitcoin network comes to a consensus.  That's like driving a car by consensus--by the time consensus is reached, you're already flying through the windshield.

In short, Bitcoin's a throwback to the days of gold and cowrie shells--when money supply was inelastic & controlled by scarcity.

Modern money is more complex.  It depends on elasticity of supply, which, in turn, depends of having IRL people at the helm.
The Luddite need to undo centuries of innovation to return to cowrie shells seems attractive--everyone understands how cowrie shells work, and simple must be good, amirite?  Why spend years studying economics when a bit of horse sense is enough?  The problem's it ain't

  ~Rev. FatherBob

[jaredboice]

FatherBob: "This user is currently ignored." 

[FatherBob]

Your faggatry dwarfs the depravity of Sodom and Gomorrah, my child!

  ~Rev. FatherBob

[jaredboice]

^Serial Troll

[bornil267645]

TIME TO INVEST!!!

THAT SHOULD BE THE MOTTO!!!

[yefi]

...It is programmable, better money.
...

That's Bitcoin's biggest problem--it's algorithmically predetermined, it is preprogrammed.  The local paranoid fringe would have you believe that it's a good thing, but it ain't.

Think of it as a clockwork guidance system:  instead of reacting to the terrain like an IRL driver, it only reads instructions from a piano roll: forward two feet, turn 12 degrees left, halve block reward, and so on.  If something gets in its path, there is no way to avoid it, no way alter the course.
Theoretically, it is possible:  If the entire bitcoin network comes to a consensus.  That's like driving a car by consensus--by the time consensus is reached, you're already flying through the windshield.

In short, Bitcoin's a throwback to the days of gold and cowrie shells--when money supply was inelastic & controlled by scarcity.

Modern money is more complex.  It depends on elasticity of supply, which, in turn, depends of having IRL people at the helm.
The Luddite need to undo centuries of innovation to return to cowrie shells seems attractive--everyone understands how cowrie shells work, and simple must be good, amirite?  Why spend years studying economics when a bit of horse sense is enough?  The problem's it ain't

At least a car that is driverless is predictable by the laws of motion. Further, are we really capable of driving this machine? Centuries of innovation may give us the impression that we have refined control, but I am not one for ever underestimating the hubris of man...

[NotLambchop]

...It is programmable, better money.
...

That's Bitcoin's biggest problem--it's algorithmically predetermined, it is preprogrammed.  The local paranoid fringe would have you believe that it's a good thing, but it ain't.

Think of it as a clockwork guidance system:  instead of reacting to the terrain like an IRL driver, it only reads instructions from a piano roll: forward two feet, turn 12 degrees left, halve block reward, and so on.  If something gets in its path, there is no way to avoid it, no way alter the course.
Theoretically, it is possible:  If the entire bitcoin network comes to a consensus.  That's like driving a car by consensus--by the time consensus is reached, you're already flying through the windshield.

In short, Bitcoin's a throwback to the days of gold and cowrie shells--when money supply was inelastic & controlled by scarcity.

Modern money is more complex.  It depends on elasticity of supply, which, in turn, depends of having IRL people at the helm.
The Luddite need to undo centuries of innovation to return to cowrie shells seems attractive--everyone understands how cowrie shells work, and simple must be good, amirite?  Why spend years studying economics when a bit of horse sense is enough?  The problem's it ain't

At least a car that is driverless is predictable by the laws of motion.

Absolutely.
Now imagine yourself strapped into the driver's seat, your hands tied behind your back & a comforting "YOU'LL BE JUST FINE, BRAH" flashing sign where the steering column used to be, as it accelerates towards a [newly built] brick wall.  You know exactly what's going to happen, in macabrely minute detail, because laws of motion.

Further, are we really capable of driving this machine? Centuries of innovation may give us the impression that we have refined control, but I am not one for ever underestimating the hubris of man...

If man doesn't even know how to drive a car, today, hardwiring how cars will be driven in the future is just...

[yefi]

Absolutely.
Now imagine yourself strapped into the driver's seat, your hands tied behind your back & a comforting "YOU'LL BE JUST FINE, BRAH" flashing sign where the steering column used to be, as it accelerates towards a [newly built] brick wall.  You know exactly what's going to happen, in macabrely minute detail, because laws of motion.

Should be the rite of initiation into manhood. Instead wimps like us swerve and breathe a sigh of relief, but the wall in our rear mirror doesn't vanish nor does it stop being built. Eventually, we will have no choice but to confront it, and when we do our pain will be all the greater. The intractable path of our linear machine is actually a hidden blessing.

If man doesn't even know how to drive a car, today, hardwiring how cars will be driven in the future is just...

Elasticity isn't hardwired which is the element of driving. The rate of inflation is hardwired which is probably like the velocity of the car or some other attribute. It's pretty arbitrarily set, and may (or may not) prove problematic.

[BlindMayorBitcorn]

...It is programmable, better money.
...

That's Bitcoin's biggest problem--it's algorithmically predetermined, it is preprogrammed.  The local paranoid fringe would have you believe that it's a good thing, but it ain't.

Think of it as a clockwork guidance system:  instead of reacting to the terrain like an IRL driver, it only reads instructions from a piano roll: forward two feet, turn 12 degrees left, halve block reward, and so on.  If something gets in its path, there is no way to avoid it, no way alter the course.
Theoretically, it is possible:  If the entire bitcoin network comes to a consensus.  That's like driving a car by consensus--by the time consensus is reached, you're already flying through the windshield.

In short, Bitcoin's a throwback to the days of gold and cowrie shells--when money supply was inelastic & controlled by scarcity.

Modern money is more complex.  It depends on elasticity of supply, which, in turn, depends of having IRL people at the helm.
The Luddite need to undo centuries of innovation to return to cowrie shells seems attractive--everyone understands how cowrie shells work, and simple must be good, amirite?  Why spend years studying economics when a bit of horse sense is enough?  The problem's it ain't

I never do this, but:

+1

[ChuckBuck]

...It is programmable, better money.
...

That's Bitcoin's biggest problem--it's algorithmically predetermined, it is preprogrammed.  The local paranoid fringe would have you believe that it's a good thing, but it ain't.

Think of it as a clockwork guidance system:  instead of reacting to the terrain like an IRL driver, it only reads instructions from a piano roll: forward two feet, turn 12 degrees left, halve block reward, and so on.  If something gets in its path, there is no way to avoid it, no way alter the course.
Theoretically, it is possible:  If the entire bitcoin network comes to a consensus.  That's like driving a car by consensus--by the time consensus is reached, you're already flying through the windshield.

In short, Bitcoin's a throwback to the days of gold and cowrie shells--when money supply was inelastic & controlled by scarcity.

Modern money is more complex.  It depends on elasticity of supply, which, in turn, depends of having IRL people at the helm.
The Luddite need to undo centuries of innovation to return to cowrie shells seems attractive--everyone understands how cowrie shells work, and simple must be good, amirite?  Why spend years studying economics when a bit of horse sense is enough?  The problem's it ain't

I never do this, but:

+1

Trolls +1'ing trolls, got it!   

I guess you two never heard of a "hard fork", or building an application on top of the Bitcoin blockchain protocol layer to address a process or need.

Yea, Bitcoin's stuck in mud and isn't programmable.  Wait, what's that?!!  It's open source?!!   

Nevermind.

[NotLambchop]

...
Yea, Bitcoin's stuck in mud and isn't programmable.  Wait, what's that?!!  It's open source?!!  

Nevermind.

Why is it people here use the phrase "open source" as if it was "abracadabra!"  Open source is not magic, a hard fork offering lower block rewards will not be mined

[brg444]

Modern money is more complex.  It depends on elasticity of supply, which, in turn, depends of having IRL people at the helm.
The Luddite need to undo centuries of innovation to return to cowrie shells seems attractive--everyone understands how cowrie shells work, and simple must be good, amirite?  Why spend years studying economics when a bit of horse sense is enough?  The problem's it ain't

Anything that depends on humans and centralized planning is a failure waiting to happen.

Your elastic supply money is ending with the fiat experiment. Elastic supply is just an excuse to print more money to serve a certain minority's interest.

[NotLambchop]

Modern money is more complex.  It depends on elasticity of supply, which, in turn, depends of having IRL people at the helm.
The Luddite need to undo centuries of innovation to return to cowrie shells seems attractive--everyone understands how cowrie shells work, and simple must be good, amirite?  Why spend years studying economics when a bit of horse sense is enough?  The problem's it ain't

Anything that depends on humans and centralized planning is a failure waiting to happen...

/human race