Quote from: adamstgBit on June 15, 2016, 07:54:21 PM

Quote from: toknormal on June 15, 2016, 07:28:33 PM

Quote from: adamstgBit on June 15, 2016, 07:22:26 PM

yes i've pulled this theory out of my ass.. but i stand by it.

LoL !

I know what you're saying - as the marketcap increases the volatility gets less which is true in relative terms. However, the stakes just change as it gets bigger.

A 1% short term move in the gold market is considered huge volatility.

For me, short term target for bitcoin is monetary asset markets, not retail adoption. In other words if it could capture 5% of the gold market that would be a massive thing and not unrealistic either because Bitcoin can probably service that market far more efficiently than gold can. Thats what people should be thinking - forget B.S. about Amazon accepting bitcoin or anything. Thats not not going to happen and even if it did would make zip difference to the marketcap.

agreed for now bitcoin is not targeting global reserve currency status, but simply establish itself as a useful asset. %5 of gold is a nice target.

all i'm saying is i dont buy the idea that we CANNOT have stable prices with a fixed monetary supply. and i give a theory of how to achieve stable prices despite an unstable economic outlook.

frankly I find it silly to think you can have price stability in a fiat system, with so many unknown variables, How much QE will the fed do?
how much currency will there be 20 years from now? the only thing holding the USD price stable is the fact its perceived as stable, it has NOTHING to do with its unpredictable supply. the idea that you can control prices by means of supply manipulation is a fallacy, it appears to work, but it only works because everyone believes it will.

lets not kid ourselves the USD is not stable because of this kinda shit:

fiat leads to speculative bubbles.
BTC leads to retardedly stable prices.

investing in companies will be less attractive in a system in which your money grows in value over time.
holding a BTC = holding a share of the economy as a whole.
holding a USD = holding a coupon with an expiration date.

its pretty clear to me which one is sound money and which one is make believe money.

LOL, can you draw and do you know anyone who can print T-Shirts?