Topic: Stop your BTC cheerleading and mass delusion and face the reality - page 3. (Read 10165 times)

Imagine, if you will, a forum with actual intelligent discussion - instead of endless spam variations of "you're a troll!".

Stop your bitching because you're doing the same except for having the opposite opinion.

The question of whether a new "universal" money will necessarily absorb everything, or will share its market with competitors, is an open one.  There are arguments that go in the direction of a monopoly, but there are also arguments in the sense of a competitive market of different kinds of money (gold, fiat, altcoins, ...).

Nevertheless, I think you have the time scales wrong.  It will probably take decades, if not centuries, to achieve the full conversion from the current fiat system to something else like bitcoin.  It took more than a century to switch fully from gold to fiat (started out in the 19th century, where fiat was fully covered by gold and silver, and ended with the official release of any reference to gold with Nixon). 

Even the bitcoin protocol wouldn't allow one to switch fully to bitcoin without an ecological disaster in the first 20 years or so, because the mining incentive would use up too much ressources (mainly energy and hardware).

Bitcoin is not just a technology such as the internet or the mobile phone.  Money is much deeper rooted in society, and its adoption will be VERY LONG.   So you cannot say anything about bitcoin's success before at least several decades.

I don't know how Satoshi saw that, but the fact that the inflation of bitcoin is programmed over 130 years, gives you an idea of the sort of time scale he had in mind.    I wouldn't expect any monetary adoption to the mainstream before several decades.

You spam this forum like it's going out of style, brah

Accepting it is one thing, actually holding it in their cash reserves is another.

In most cases 'Accepting' just seems to mean autoconverting to dollars with bitpay - except for overstock which is actually claiming to hold some - are there any others?

Well the idea idea of cryptocurrency is here to stay.
Cryptocurrency is very convinient and secure.
The question is will it bitcoin?
I think the answer is yes because businesses like overstock.com and microsoft have already started accepting it and they probably don't feel like the minor changes other crypto currencies offer are worth the hassle of switching.

Desperate how? You are following me around like I'm your mommy! Do you really need attention that bad? I am acknowledging you and your endless contradictory posts 

It's because this: you're starting to sound desperate 

wow way to quote this thread way before I called the bottom on this fall & a new bounce coming just like I called the last one to $485~
I am talking about not holding 345 in the post, we didn't, that's why I have been buying on leverage averaging $317~ & of course I wish I could have grabbed plenty more coins at 300 but I didn't! Nobody calls anything PERFECTLY and I am all in already. You can't quote one post I made that was wrong, that's guaranteed. So keep up the pointless quotes... ANYWAY, Waiting for the bounce that is already well calculated & will happen. Good luck to all, you have been warned

Spot on, Sam!

I thought you were one of them now

https://bitcointalksearch.org/topic/m.9902906

Imagine if you will, a troll who spams bitcoin threads to promote his new alt coin 

http://unqualified-reservations.blogspot.com/2011/04/on-monetary-restandardization.html


Moldbug is at least partially correct, currency domination is coup-complete.

So, let us imagine - what would a real coup look like?  Firstly, it would be something created specifically for that goal - designed to destroy the current world order and rebuild it.  Secondly, it needs a decisive strategic advantage: an edge so overwhelming that it can takeover the world, without even requiring largescale adoption from everday folks.

What is the real source of power?  This isn't a trick question.  It is intelligence itself - that is the ultimate source of all power, all technology, and all value.

Bitcoin will not conquer the world because its Proof of Work distribution strategy consumes precious economic investment and outputs waste heat.  It is maximally unintelligent - pure entropy.

Imagine for a moment an alternate world where instead of Bitcoin we had a more optimal cryptocurrency appear at the same time.  Imagine - for sake of argument - that this alternate design was perfectly efficient and scalable, such that trillions of transactions per second are possible and double-spending is solved effortlessly without requiring proof-of-work.  Naturally this presents another potential problem (at least when viewed from within the narrow perspective of Bitcoin fundamentalism) or rather an opportunity - how should the coins be distributed?

The optimal distribution is simply that which maximizes the long term value of the coin.

Intelligence is the generator of all value, so the optimal distribution algorithm would be one that spends every coin in such a way as to maximally increase the intelligence of the network at every step. 

Instead of a huge supercomputer doing pointless hashes, you have a huge supercomputer doing AI research: deep learning, global optimization, etc.  And the end outcome is the generation of a new virtual world, economy, and distributed government of superintelligent agents.  Imagine tech similar to SIRI of today evolving towards something like Samantha from the movie Her  - and then beyond - all enabled by a distributed cryptographic economy, and of course, a new cryptocurrency. 

The coup is simply - the Singularity.

This project actually exists, and is just beginning.

This is the kind of reasoning bitcoin bulls use... what can you do, they see BTC is not even holding 345, but they will buy the "dip" all weekend

This is what they do to they when you confront the powers that be:

https://bitcointalksearch.org/topic/beware-of-raveldonisamtseudo-890205

They discredit you, defame you, insult you and destroy you.

Watch out people.

I don't have to pay 50$ coke never ever anymore!!!!

This post made me LOL.  I'm bullish on Bitcoin but why in the world would someone sell you something for 0.01$ if they can sell it for 330$??

That statement makes no sense.

Look we all try to classify bitcoin and it is definetely reasonable to use certain elements of precious metal markets - however the biggest difference with bitcoin is that is intangible, completely divisible and easy to transport.

You are analysis regarding bitcoins future development is build on several worst-case-assumptions (world wide quasi dictatorship, fungibility crisis etc. pp) - we all do not know if this will or will not happen in the future, but I assume, given that we have over 200 jurisdictions in the world, it is not likely.

however regarding personal insults - I am sorry using the word horrible, it was inappropiate. The better word for your economic analysis is radical.