This guy is Lord Troll. I just watched his vid, and he is basicly reading an article that is filled with half truths.
Quote around 5:30 : "...the issue is, however, that this wasn't supposed to happen. Bitcoin price was supposed to keep increasing as more bitcoins came on the market."
What?!?!
Now look at that quote/statement... does that make any sense from a free market point of view?
Supply increases on the exchanges, so the price should increase?
you must be new here. That is the stance that most bitcoin die-hards actually propagated all the time up until recently. That isn't made up, that is the actual gospel of the majority on here until just recently. People with a brain knew all along that was bullshit. Now you wake up to it and say it's trolling? No, it was the quasi official stance.
Or why do you think we have that high inflation on the coin? Just for fun? No, because some people had some, and i quote 'deep thoughts' about it and they came up with a model that supports inflation as a necessaty (for whatever moronic reasons). Bitcoin is broken on the fundamentals but people who have been calling that weeks and months ago were called trolls and now people turn around and say this would never have been said.
The majority of the community is contradicting itself and this shitcoin was a fail from the start with this rewardschedule.
Bitcoin is nothing more than a minerscam and wasn't designed to hold value ever. The specs fail royally as the charts will prove to you.
