Edit: note this post increased the "Yes" vote percentage in both threads.
Ok I am pulling out of this dispute (not my fight and I regret getting involved)
I of course recognize and appreciate your kind effort to make a truce.
I was willing to entertain their counterpoints (to test my logic in the search for objective truth) until in my analysis they
became disingenuous with their logic and debating ethics.
So now they and I should part ways and head down different forks in the road.
For the record my own potential biases are as follows.
1) I own no bitcoins and thus I am more likely to be more supportive of something new.
2) A lot of my personal income is indirectly derived from socialism and the social safety net.
Even those who own bitcoins should still be on the lookout for something new that will appreciate in value faster. Upthread we discussed why smaller things can grow faster. One of the fundamental tenets of investing is get in early and sell to the crowd. Where investors get trapped is when they think a larger crowd is always on the horizon. The fact is that as the market cap grows, the risk on that horizon increases. Period. Yet people prefer to stay with what has worked for them, ditto sticking with socialism into the abyss.
Armstrong has identified a repeating
Public vs. Private wave economic confidence model (ECM) that shifts direction every 51.6 years as well as the public vs. private social structure wave on
a 309 year cycle. Both of these cycles change direction on 2032, as well the 224 year cycle of political upheaval
turned in 2013. So we have major shift ahead thus socialism is peaking. He publicly predicted many years ago the riots we are seeing now in all those links I provided upthread.
Change and adaptation is essential to life, per the discussions upthread.
B) Technical critique of Bitcoins flaws:
Undecided: I don't have sufficient technical knowledge of bitcoin to judge for myself. All those who do have said knowledge have either an agenda or a vested interest.
It doesn't matter if they think the
Transactions Withholding Attack won't happen, because 0 transaction fees are more popular.
They think there is a problem with transaction spam if transaction fees are 0, but that is because they haven't thought out-of-the-box of how to design a system that is different than Bitcoin in very amazing ways.
One day soon these guys are going to read some whitepapers that are going to make them walk away with their tail between their legs.
Also mining can't be funded from transaction fees proportional to the growth in the market cap of Bitcoin unless transactions grow as fast (and
they are not) and transaction fees are a percentage (and they are not or better not because debit cards and ACH are flat fee), thus it is logically irrefutable that the value of attacking Bitcoin will increase faster than the funding for mining to protect against a 51% attack.
You don't need to be technical to understand that simple math.
These dolts just need to STFU because they are not any where near my level. (yeah I am pissed at their nonsense...wasting my time for months on end)
C) Need for Anonyminity:
In Agreement (reluctantly): This has some major major downsides but I have been unable to think of a better solution to the power vacuum.
We always had it in the past with cash and gold, it only now we need to add it to digital age because the government is gaining an unfair advantage and can now track everything.
We are just restoring the balance that had always been there before but which is being lost currently and helping socialism to go into an insane peak.
Have you voted in
moolaching's naming poll?
D) Regarding existence of a power elite:
Extremely Skeptical: The post with all the links was an challeng to my argument that they do not exist. As it was a response to my challenge I will read them all (sigh) and see if that changes my mind... eventually (probably not this week).
It doesn't matter if there is a power elite or not. If they exist, they are also subject to nature and the natural cycles.
Armstrong thinks our fear to take certain actions would be influenced by whether they exist or not. No because our risk to take actions is the same whether they exist or not. A power elite is not in control of every individual outcome on the earth. If they exist, they are just symbiotic with the macro cycles.
All I need to ascertain is there is a trend towards a centralized, non-anonymous, digitally tracked world currency and governance which concentrates the control due to the power vacuum at the detriment of the people.