Post
Topic
Board Altcoin Discussion
Re: The bottom will drop out of the alt market soon
by
TPTB_need_war
on 28/04/2016, 08:25:36 UTC
This is what is going to happen to you:

I believe you will learn a very important lesson soon.

Remember the Chinese miners are highly leveraged fiat debt queens.

Manufacturing in China is a 0 profit activity. Read Michael Pettis.



Ransomware operators might keep some BTC too, though I doubt it is much. No one other than speculators wants BTC; everyone who uses it just seems to treat it like a hot potato.

That is why I have said the only economy where Bitcoin is the unit-of-account is the crypto gambling market.

That is why I am going to attempt to create a new microtransactions economy for CC with my JAMBOX wherein the users do not cash out and their unit-of-account are the Jambits or Jamcash. The distinction from GetGems will be there will be actual use cases that drive the users to do these microtransactions. Also I intend to solve all the scaling and centralization problems of Bitcoin, by employing my clever modification to Satoshi's proof-of-work by employing unprofitable mining with a perpetual tail block reward. The math is irrefutable, that Bitcoin's spendable supply will asymptotically trend to 0 due to lost coins. Monero and Jambits will both trend to constant spendable supply due to the tail reward. The difference is Jambits' mining will be unprofitable and mined by the millions of users. I will explain in a white paper why this will remove the tendency to centralize mining and why it will circulate the coin from the power-law savers to the spenders in a virtuous cycle that is necessary otherwise unions and socialism forms to do that job.