Why people who promote craptocurrency over metals are idiots:
I'm not a fan of Martin Armstrong, but his definition of gold and silver is "a hedge against government". An actual competent person trying to disparage bitcoin would mention that bitcoin is not a hedge against government since it's traffic is not obfuscated and it runs on the governments own infrastructure. Not to mention it's not possible to create a decentralized digital currency in the first place, only centralized ones. At the end of the day, the only valid hedge against government is metals because government can't afford to police the entire physical world, but they can easily afford to police the digital one.
Everything that is
fungible is fleeting, including fungible metals.
Cryptocurrencies (plural) are not fungible with each other (exchanges even decentralized exchanges don’t make them fungible with each other). The decentralized ledger is not limited to fungible applications such as currency. The currency aspect will end up fading away in relevance, as will the relevance of all stored fungible monetary capital. Where we’re headed, the utility (value) of all that fungible shit will become fleeting.
So keep stacking fleeting fungible shit. Those who are wiser will hone their knowledge creation capabilities. The next response to OROBTC applies, in that cryptocurrencies are about destroying the value of fungible monetary stores. Most people have not figured this out yet. I tend to be 5 - 10 years ahead of most others.
Note monetary capital still has some utility. I'm not saying to put no effort at all to accumulating some if you think you can utilize it to further the real point, but if that is all you're doing then I think you’re missing the point of our existence as quoted below in my reply to @OROBTC.
P.S. the government can’t do a damn thing about private keys and the balances/information controlled by them. I had
months ago explained to you that cryptocurrency (and blockchain data) is like an endospore which can’t be permanently shut down. Besides cryptocurrency is the best information gathering tool ever gifted to governments, so they don’t want to shut it down.
That inspired this post:
There’s no universal truth. We pick a role. And every role is part of nature. And no, we’re never above nature nor above being an “animal” (as if a thinking creature is not an animal, lol)
Idealism is so dangerous like any good drug, because since they’re drugged on the “happy chemicals” of their idealistic delusion (lie), in exchange for swallowing the intoxicating blue pill, they’ll go to any extreme irrationality to maintain the delusion, such as junk science, forced sterilization, war, etc.. They drink their own Koolaid and truly believe their irrational “we’re making a better world”. News flash: the universe is constructed on ongoing randomness. If not, nothing would nor could exist other than as a static, prescripted recording. We’re not making a damn thing. The entropic reality is we’re finding ways to randomly destroy everything created— IOW by increasing the entropic diversity diversity of knowledge thus maximizing the distribution of uncertainty.
The
“Man in Black”— Johnny Cash.
Wise man.
Inspirational to see Johnny Cash still available to perform so well when he could barely walk.
Brief Anonymint reference in new r0ach report:
The r0ach report 24: Bitcoin has involuntarily turned many programmers into conmenhttps://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-24-bitcoin-has-involuntarily-turned-many-programmers-into-conmenhttps://i.imgur.com/EiAkazx.pngI saw the image above linked online and someone referred to it as "the smart money".
This is where they're wrong. True, bitcoin has lots of smart people in the space, but all programmers have a god complex and pretend that any problem can just be worked around with some rickity hack. They don't believe in unsolvable problems. A truely smart person would be able to go through all possible branch prediction beforehand and realize that it's not possible to create a decentralized digital currency at all.
Or a smart person might have discovered a way to make them plausibly decentralized. Just because you think you have analyzed all the options @r0ach, doesn’t insure you know all the options.
All the people you see in bitcoin right now are just programmers (problem solvers) who are trying to make a name for themselves by...solving problems. The fact that the problem is not solvable is the perfect rat trap for any programmer since most cannot identify the issue due to their inherent god complex as mentioned above, and they will continue to shovel out dysfunctional Rube Goldberg machine one after another promising "the real cool working thing is just around the corner!", but it will never come since it's not even possible. I expect Ethereum will be the epitome of this example.
In my case, the delay has been significantly an issue of battling chronic fatigue due to autoimmunity, presumably due to TB and
residual effects of multiple dengue infections. It’s difficult to make progress when one spends most/much their time in bed with brain fatigue/fog unable to remember what they were thinking 1 minute earlier.
Shortly thereafter, (notorious?) user Anonymint in typical Anonymint wall of text fashion also identified decentralization in cryptocurrency as an unsolvable problem on the bitcoin forums.
Many of these people in the bitcoin space constantly flip flop back and forth due to the inherent god complex in programmers, so it's hard to keep track of who is on what side. The one constant trait in bitcoin is that the people who know the absolute least about it have the most confidence, or at least 'portrayed' confidence about it.
I did write
that thread years ago, a more
recent Gist post (which btw is a truncated version of longer secret Gist which reveals some of my design), and even in fact recently embroiled into this
again with Daniel Larimer.
It’s true that I see even flaws in my own design which could potentially cause it to become centralized, but I’m working on the notion that people will be able to form groups of like-mindedness about protecting the invariants of the protocol. The key is for the community to be able to objectively distinguish malfeasance and for each individual to be able to independently and effectively route around it, i.e. castrating the powe of political influence.
The devil is in the details.
Anybody read the „How to Trade a Vertical Market” report? Opinions or a tl,dr? I couldn’t draw a lot of new insights from his (much cheaper) world currency report so I’m not tempted to buy it.
CornCube is our resident expert (that I know of) re Armstrong. Since I do not TRADE, I do bother to subscribe to any of his reports, but I very much enjoy keeping up with his thoughts.
I do not know if CornCube subscribes (I think not), but he appears here from time-to-time and may offer good insight into trading a Vertical Market.
I turned my focus away from trading and didn’t ask my source if he had purchased that report.
Btw, the username @CornCube was intentionally chosen to be visually similar to @CoinCube because I couldn’t think of a username that I wanted which wasn’t taken, because the only reason I registered again after prior username was banned again, was to reply to @CoinCube about superrationality in the DE thread, and because I thought maybe the mods would be visually confused for a sufficient time.
