Topic: Bitcoin Talmud (or Order 2.625 Bible) (Read 451 times)

Once, an old Indian man came to a bank to borrow $500. The bank employee listened to him and started preparing the paperwork.
- May I ask what you need this amount for? - the bank employee asked the old man.
- I want to go to the neighboring town and sell the jewelry I made, the old man replied.
- Do you have anything to use as collateral? - the bank employee inquired.
- What is collateral? - the old man asked.
- Collateral is something of value that covers the amount of your loan. It stays with the bank, and you can retrieve it later. For example, a car. Do you have one? - explained the bank employee.
- Yes, I bought a van in the '50s, and it's still running, replied the old man.
- I'm afraid its current value won't cover the collateral. Do you have any livestock? - You probably have some animals since you live outside the town, suggested the bank employee.
- Well, yes, I have a donkey, said the old man.
- Is your donkey young or old? - asked the bank employee.
- I don't really know... My donkey doesn't have teeth for me to determine its age, replied the old man.
- After a long conversation, the Indian man finally managed to get a loan of $500. A month later, he returned to the bank and placed a large stack of banknotes on the counter.
- Oh, I see that this is much more than what you borrowed from us. I will take $500 for the loan and interest, said the same bank employee, But what will you do with the rest of the money?
- Oh, nothing special. I will hide it somewhere in my wigwam, the old man said.
-Why? In our best bank, you can easily open a deposit! suggested the bank employee.
-What is this deposit? - asked the old man.
- A deposit is when you give your money to the bank, and later, when you need it, you can take it back with accrued interest while your money stays with the bank, explained the bank employee.
- The old Indian man pondered for a moment and then asked, What does your bank have as collateral?


What is the moral of this story? Bitcoin doesn't require your trust, unlike banks and the fiat monetary system. At the same time, the Order 2.625 doesn't preach Bitcoin maximalism (meaning converting all your capital into Bitcoin); the strategy proposed can be classified as Bitcoin minimaximalism, where acquiring just 2.625 Bitcoins is enough - no more and no less. Moreover, the Order 2.625 is the first ATHeistic Order in the history of mankind BTC

and thats how stupid remains stupid because their always told they are right, so they never learn

we need to escape the 'participation award' society of praising people that lose in events. people need to learn life is not as golden as they keep seeing it. plus if you tell them they are right they then use that as ammo to tell others to agree and join their army of idiocy where it replicates like a swarm of locus

people need to stop wasting their lives trying to create their own re-affirming cults of idiocy and instead just do the simple thing of learning bitcoin, economics, logic and fact

Effective communication often involves understanding the perspectives of others, even if they don't share the same views. Instead of giving up entirely, it's worth trying to approach the conversation with empathy, respect, and a willingness to listen. Sometimes, even small breakthroughs can lead to better mutual understanding and bridge gaps between individuals.

It seems it's absurd talking here or any other thread created by OP. You won't be able to convince him with your logical explanation. If people start insulting others just because they disagree with them, there is no point in continuing any discussion with them. You will find yourself on many people's ignore lists and realize no one replies to you anymore. If you find joy when people ignore you, you are on the right path.

So better say yes, you are right and watch the show.

This rule applies to investments but doesn't work for money. If the US government printed USD and not sell it to anyone in the world, then the value of the USD would be 0. If Satoshi kept all 21 million bitcoins for himself, the value of bitcoin would be 0. So there is set of optimum strategies for payers (Nash equilibrium) - optimum between decentralization, velocity of circulation, free supply and amount of Bitcoin every player must buy and hold . Hold 21,000,000 Bitcoin is non-optimal strategy (BTC/USD==0). Hold 0 Bitcoin is non-optimal strategy (If BTC/USD==+inf, then you lost). So where is optimum? My theory shows 2.625 Bitcoin.

Imagine the first miners. If they did not sell all the bitcoins they mined, but simply hold, then bitcoin would never spread and the price of it would never rise to its current values. But if all of them were sure that the price would rise to $69,000, then none of them would sell. This is the paradox of this kind of games. You must choose optimal strategy. All non-optimal strategies lead to your loss or even game over.

Have you ever wondered how many people in the world hold 1+ million USD in cash or in bank? ~8 million individuals and here we reach Nash equilibrium for USD. I assume that we will reach such a Nash equilibrium, that is, the acceptance of Bitcoin as money, when there are from 6 to 8 million holders who holds 2.625+ Bitcoin each. This has nothing to do with predicting the price of bitcoin, which it will be impossible to predict. But what exactly is it possible to predict that with such an outcome of the game, Bitcoin will become asymptotically stable money.

So, you are just connecting numbers from here and there and making that assumption that 2.625 is a good optimal investment size for BTC! is that what you are saying. If that's the case what will you do with the money which you still have in savings along with the 2.625 BTC. Will you not spend those fiat money to buy more BTC. Because the more BTC you will have the more profit or loss you could make.

Large investment = large Returns.

Satoshi might have used github, but Bitcoin Core does for sure. Try, its free.

Aug 30, 2009
"This is a dummy account for those who have committed to bitcoin/bitcoin but do not have a github account. People included here: s_nakamoto, sirius-m, laszloh"
https://github.com/bitcoin/bitcoin/tree/4405b78d6059e536c36974088a8ed4d9f0f29898

https://bitcointalksearch.org/topic/bitcoin-core-250-released-5454120


So who is an idiot and cultist? Me, who rely on knowledge and facts? Or you, franky1 and his dog?

Satoshi never used github so according to your logic he was an idiot also.

While Bitcoin and the Internet offer new paradigms for data verification and information sharing, trust, to some extent, is still involved in their usage and interactions with related services and platforms. For example franky1 must trust the Bitcoin source code, since franky1 has no idea what github and C++ are 

he tried to create a pump and dump group(and religious cult) where he wanting all his cult followers to buy a certain amount of coin..
this number is not important or relevant to bitcoin history. but like most scammers, if he can dupe an idiot into joining him AND he then knows they can afford the amount (2.625=~$75k-$80k) he has a nice victim to steal from, after all there is no point wasting months of effort scamming people for $10

he was talking about things like dont sell to other people but to put funds into a secondary (his) derivatives market.. already the red flags pop up when he got a little obsessed about talking of his ideals of (HIS) second market he wanted to control and create the price/value upon (the scam/syphoning element intro he was subtly plying)

of course he had no deep knowledge of much but like all scammers needed to present himself as a worthy portfolio custodian(leader/manager), so he would throw in some purposefully irrelevant formulae to pretend he had higher grade math capabilities. although the math he used never matched reality/comparison to bitcoin.. this is actually done on purpose by scammers.. they dont want smart victims. they want idiot believers. so by testing who trusted his math/story/notions vs debunked his math he gets to target who to victimise, those being the blind believers

You haven't realized he has already posted with his alt two times on this topic?  


Nice catch on the plagiarism and the alts, I'll have to merit Ratimov also for the hunt.
Since I don't like to go to another language sub with the autotranslation, any idea who this nutcase is?
For sure he is no newbie to the forum but I really can't make a connection to any of them, this whole religion drama sounds familiar but I can't just figure him out.

LE:
Fixed the name, sorry for that 


I'm pretty sure that if I use miles, feet, yards, furlongs, chi, li, verts, sazhen,  centimeters, on all the distances between, differences in height and footprint on all 118 pyramids in Egypt I will manage to find every number that appears in Bitcoin, but again, that won't mean Satoshi is the reincarnation or Narmer.

scammers will be scammers. cult leaders will be cult leaders
they will always hope to inspire people to join them and get syphoned from them.. but these nasty people always rely on idiots to follow them
bitcoin due to its math, cryptography and technology brings in a slightly smarter class of people compared to an average backyard hill billy.
the secret is to not trust people. but research and learn from data and code and math.
dont just see someone that writes a formulae on a social media platform. actually check its relevance. check and verify

bitcoin exists because its about data, checking and verifying. you dont need to trust or believe in people nor treat them like gods. the internet is a free resource you can search it without paying for consultation fees or other administrative fees just to get data verified

so scammers/cult leaders in crypto have to put alot more effort into their shenanigans. yet the OP fails this simple scam  test at every turn, he is a bottom feeder with not even the basic notions of economics or bitcoin history

Moar drama

I wonder, if all these scammers who promote illegal cryptocurrency exchanges (from Eastern Europe), illegal Bitcoin mixers, and illegal crypto casinos get banned, will anyone be left here at all?

You are very wrong if you think the OP will no longer respond in this thread and in other threads he has created. This user has a bunch of alts from which he has already started posting on the forum. You can check it out for yourself. Here is a list of his alts.

https://bitcointalksearch.org/topic/m.62622116

UPD

Here is the answer to your warning. Look at the post before your post and after my post.

Attention, guys, OP will never reply to you as OP is already banned from the forum. If you see the first reply on this topic, I doubt that OP was using AI to write this long post, and later he denied it. However, OP was doing copy-paste, which is called plagiarism, and it's forbidden in the forum. User light_warrior caught him doing it multiple times, and he reported it Report plagiarism (copy/paste) here. Mods: please give temp or permban as needed. The result is OP is permanently banned from this forum.

So, You can continue the discussion without having a response from the OP.

You, as usual, didn't understand anything. It was Satoshi who designed the game in such a way as to encourage pump and dump schemes. In Bitcoin, there is no other mechanism that would incentivize increasing the velocity of Bitcoin circulation and distribution. Economically, everything Satoshi proposed for Bitcoin is about encouraging pump and dump. On the contrary, the strategy I proposed makes pump and dump schemes unprofitable, allowing Bitcoin to become asymptotically stable money.

I appreciated your interesting writeup and analogy relating Bitcoin with theories and mathematics. But all these speculations are based on your assumptions because you can claim to know why Satoshi used 21milliin Bitcoin only if you have a document that backs your claim or you have met with the Bitcoin creator. The reason why he used the numbers is best known to him except someone comes up with verifiable proof of his intentions.

Anybody has the freedom to relate theories with any concert but it should be done factually. OP made the whole explanation complex and it will take people that are in the same class with him to understand. If he makes it simpler I might be able to understand.

Satoshi had limited knowledge of economics and game theory, but he excelled as a programmer and mathematician. He demonstrated a clear understanding of John Nash's "Ideal Money" (2004) concept, while there's no evidence that he ever read Silvio Gesell's "Free Money" (1929)

There are two ways to make bitcoin asymptotically stable:
1 Implementing a progressive tax on Bitcoin holding to increase the velocity of Bitcoin circulation and spreading ("Free Money")

2 engaging in permanent Bitcoin pump and dump schemes through market manipulations

Since Satoshi choose P&D show, 2.625 Bitcoin is an optimal strategy in this game.

satoshi did not even apply much game theory starting out.

even the first versions of bitcoin software were not game /strategy based, they were retailer EPOS system based.
heck initially he did not even think about things like GPU mining or ASIC mining or racking CPU's together. he initially was thinking of democratic 1cpu=1vote

it was only later with conversations with others that he started to think out of the box about a more capitalist socialist libertarian system of gaming the system and adjustments to compensate for it

he was more economist/technologist than game theorist

but this topic creator has gone full dumb-dumb trying to pretend he is a messenger from satoshi with some important number.. even though that number is meaningless.. all the topic creator wants to do is scam the community by forming a religious order, lead by him.. in short he wanted to make a pump and dump cult

usually pump and dump groups seek idiots who will believe anything, as they are easy to lead and scam them out of funds for the benefit of the leader. and thats the topic creators game. seeing who will believe his bullcrap so he knows who to recruit.. he is not original in anyway. others have tried to do silly pump and dump cultish scheme with different things that pretend to be important but are meaningless

Hate to say it, but franky's right about your math. You don't think of a figure and then look for a way to arrive at it (thinking myself now of how people seem obsessed with 21m and then look for a way to arrive at that, as if that was ever the predetermined destination).

Correlation is not causation, try as hard as I may, I find no need or even economic interest in a Bitcoin holy scripture.

2.625, if you suggest, can also hardly be the universal sum. A Papua New Guinean holder and a Swiss holder surely shouldn't hold the same "optimal" sum?


If he did use AI, it was only to help his layout, OP's at least his own author bringing something new to Bitcoin discussion (IMO). Posts like yours, on the other hand...