You are most welcome my new dear friend
I extremely enjoyed how deep into economics and math you are as well as your way of thinking.
Btw, I said earlier this exact same sentence (
That is why i will retire at the age of 35-40, and they will work till their death 
).
What do you think about triple digit BTC value, way too much or ?
I see here you perfectly elaborted what our dear centeral bank said
All what you said, as usual, I agree upon but my mind is begging me to ask in order to get the complete picture.
1. Could you please elaborate more the last part starting with "IF" until "this is math after all".
2. I'm thinking about something else now, will it be that easy to reach $5K, $10K till $250K in terms of poltical intervention and policy makers, will goverments, banks etc. keep watching Bitcoin taking over easily ?
I'm convinced with what r0ach that central banks sooner or later will buy a lot of Bitcoins as Bank of Japan is doing.
Btw, today Japan surpassed US by being the 2nd largest Bitcoin market after China.
Won't Bitcoin get cracked, not a must it's encryption, I'm talking in general.
3. Forgot the price, lets say we are now in 2025 - 2030, describe Bitcoin the escosystem, assest, currency whatever.
Still, no "complete picture", i am just extrapolating from my own knowledge/experience. But, short "answers" (more like speculations):
1. While the invention, or, rather the realization of how to run a trustless recorded timestamp server through decentralized consensus through PoW aka blockchain already made it into the public, and proved to be the most resilient application run by more than 1 computer at the same time connected to the internet, "the Satoshi" only made a possibility, not a certainty, not a definitive. Alas, the genie is out of the bottle, so to speak. That, and Heisenberg (see:
https://en.wikipedia.org/wiki/Uncertainty_principle which, apparently seems to work in the macro world as well, see
https://www.ted.com/talks/jim_al_khalili_how_quantum_biology_might_explain_life_s_biggest_questions), is why it is "IF", despite math. :-)
2. There is a great speech, i can't recall which one, from Andreas Antonopoulos, where he discusses this matter (find it on youtube, either Prague, or Zürich?). The leading sentence is: "i have seen no global governmental consensus on ANYTHING" (not even on climate change, despite it might kill us all, as he adds). Or, you can learn about what happened, when the politburo banned the holding and trading of USD in the Soviet Union in the 70/80s- hint, it became the no.1 bribing instrument for citizens:-)
3. That question alone would require, 600 pages, in a book (i am working on it :-D) ). After i have spent, like 2-3 nights, whisky, patience and curiosity - as many before me - that STEM knowledge is an exponential curve, and not since the 60's, but since BC. 500- alas. Hence, the probability to foresee anything tech related is bound to diminishing returns - an inverse exponential curve , means to predict the correct path to predict future improvements shrinks exponentially.
With this in my mind, if Bitcoin, the protocol is still up and running in just 5 years, say 2020-2021, it might already have so alien applications, like an additional layer, that none of us can think off right now, delivering such humongous utility to users, that would be laughed at today, but will worth enormous economic value per entry units (=btc). Just like it was unfathomable to say video conference for FREE, in 1992's internet. Bitcoin, the network is nothing more than internet, it is like permissionless, uncensorable packet transfer from A to B IP address , but this one is also a registering public ledger of packets going from A to B, so we can tie value, because everyone has to acknowledge that we "have" that value, by the mechanisms of the blockchain.
Well said my friend.
1. I see your answer here is confirming what you said earlier, "I've 0 doubts", me as well having 0 doubts that Bitcoin will succeed ? Oh wait, isn't Bitcoin already succeeded ?
As r0ach said, even if we are idiots, but are really people how poured millions of $$$ into Bitcoin either in terms of VC, building mining titans and such are idiots, I extremely doubt ?!!
2. I see what you want to say here is that the best solution for people who wants to Bitcoin is to try to create alternative or cope with it, right ? What about other stubborns ? Aren't you afraid from governments ? What if some countries started taking the same route Russia is taking ?
3. What are you afraid of the most that would stop Bitcoin to continue it's journey and be the
Ultimate Bitcoin if I can say ?
what's wrong with this thread?
Further up there was a page of fruitful, interesting and polite conversation.
Am I on the wrong forum?
Admit buddy, isn't it better
what's wrong with this thread?
Further up there was a page of fruitful, interesting and polite conversation.
Am I on the wrong forum?
Yeah, apparently now this is some kind of biology forum. I expect cytoarchitectonics to be explained next.
You always let me rofl hard man, you've an awesome sense of humor
If Trump become the President, the Bitcoin price will Skyrocket, starting the Mexico-US remittance issue
