I came here to be educated on the methodology and general economy of bitcoins. If you look at my post history all of them within my first few weeks/months? of joining was about bitcoin armory and transactions.
Yes you guys are right, when I saw other people's posts I maybe thought that there was some way to verify or something but I know for every one honest person there are hundreds of people wanting to make a quick buck.
This was an entirely frivolous request on my part but at least I was honest about it I think any mod will see that if they view my post history and what I've been saying. I'm just a middle-class guy with a fairly good education (4+ year university B.S) who wants to learn more about this growing world and it's possibilities.
As a student of the life (medical/human anatomy) sciences I found this person's analogy of bitcoin's growth to that of bacteria intriguing but still lacking in substance.
If it should reach that point that you have stated which is likely possible although not in the short term looking at beyond 10 years, then what will happen is the price of bitcoin would have increased as much as 100folds to what we have now and that alone does not mean countries will accept bitcoin as a form of currency as those who won't adopt won't still adopt and at the same time, it will not replace fiat.
Ok. I like your response. I'm not sure it would take 10 years to get to $80.9 trillion USD. I think it will take less.
And why do you think it will take less?
A 2000x increase in price from 2000$ is not like a 2000x increase from 1$.
From where will all those trillions to back the price up to those levels come?
Already the jumps are smaller and smaller in terms of percentage I
highly doubt it cant even force myself to believe it will reach 30mils/btc in less than 10 years...
I think it (the market cap. getting to 80.9 Billion USD) will take less because there is a "learning curve" associated with using Bitcoin.
I've been eyeballing and analyzing the year, monthly, etc.. interest rate. I understand there was a steep curve at first, but Bitcoin is now transitioning in the upward direction.
In the biological sciences, there is something called a doubling rate. This relates mostly to bacteria and other microorganisms. Bitcoin is like a biological pathogen (coinmap.org) in that it has an epidemological aspect to it (it's growing like a biological organism). The doubling rate is getting faster (4 months now?).
The interest rates are going to be ridiculous (up and away). Social change is going to be ridiculous. I've read the power behind it is greed (I'll argue people want to see changes THIS--right here and now--lifetime). As such, the here-and-now desire for social change is propelling Bitcoin. Given that there is so much technological output (ability to track how this thing is moving), it's growing at a very popular rate now.
Society is learning to use Bitcoin. Simple as that.
From my background in studying psychology and learning, it appears that the curve is taking the form of a learning curve, whereby exponential learning is occurring: Market psychology--people are taking to Bitcoin. Also, the methodology that Bitcoin uses is pretty legit and works with the law of entropy: The thing is that the whole system resides on Earth making it really easy to manage.
Furthermore, I've read of Bitcoin fitting onto an S-curve (source:
http://woobull.com/woos-law-of-bitcoin-user-growth-bitcoins-adoption-curve/).
Bitcoin isn't moving like a stock market ticker. It's kind of like a stock but only a very, very, very small amount.
...
I wonder how can Bitcoin reduce national debt? If a government does not adopt it or take advantage of the opportunities it brings?
I'm looking into this issue. Not many people are talking about it.
So far, I've been looking at the Federal Reserve print orders and looking for statistically significant decreases in print order value:
https://www.federalreserve.gov/paymentsystems/coin_currency_orders.htmhttps://www.federalreserve.gov/paymentsystems/coin_data.htmimage:
https://www.federalreserve.gov/paymentsystems/files/coin_calprint.jpgThe amount of national currency to be printed for a print-order should decrease each year (this is in relation to the U.S. national-level understanding), for what I understand, because Bitcoin is supposed to get rid of inflation, thus increase deflation, thus cause less money to be printed out until Bitcoin replaces that form of currency. If you look at 2009 to now, it appears that on average the value of money to be printed has decreased.
Well, i'm glad that you want to learn more both human nature and
BTC mechanism/organism.
For the first part (human nature), i have already 3 degrees and i'm still...learning "humans"! So, i think it's better to discuss it elsewhere. Very long story the
sapiens...
For the second, the only thing i can say for sure, is that i'm honoured to be a very small part of it. That i can see it and understand the fundamental principle.
BTCE FREE!,
BTCE TRUE!,
BTCE YOU!Their "money" born from Debt, this IS the truth. Why? Because that it suits them. It's NOT our choise. We didn't have any until
BTC was born (thank you Satoshi wherever you are my "friend",
respect...)
So NOW we can choose that we don't want a monetary system based on debt.
We don't need poverty, wars, hunger, pollution, debts, just to...create something that we don't even control it. We don't need it!
BTC is not
bacteria or any other microorganism. It's a cure and spreads like one. When you "take"
BTC pill, your eyes can open and see. No more blindless, no strings attached. You
OWN what you have and noone can't take it from you. You have your keys, you have what is there. Period.
Yes, i admit it. I'm fanatic with crypto, i will never give my BTC. They are priceless and mine.
Ofc that's not the appropriate place to post this, we are not here to discuss about
BTC.
You asking a Loan that, if you want someone to fill it, you need to offer something Valid as Collateral.
Otherwise you need to lock this Thread. Good luck whatever you deside...
