Quote from: r0ach on December 24, 2016, 02:13:07 PM

Quote from: iamnotback on December 23, 2016, 09:17:05 PM

Don't make the same mistake when there is a chance to invest in my Bitcoin killer altcoin project. There is indeed a solution to the technology problem which you think is insoluble. My 30,000 word, 200 cited references whitepaper will be available at that time so you can evaluate my claim. Also there appears to be (not 100% sure yet) a cure to my illness.

My philosophy on crypto is that there's no way possible it resides lower on Exter's pyramid than metals, so in this regard cryptocurrency will always be the bad money that drives out good money. I know that's not what people want to hear, but fundamentally that is objective reality.

In this example let's pretend no other cryptocurrency exists except Bitcoin. People will simply wait for Bitcoin's market cap to top out whether it's from capacity, fees, full saturation, etc, then once they notice it has, all of that money will then run to the exits in a stampede to cash out for gold and silver since it's a superior store of value. So in this regard, no matter how good you think you can do in creating some type of digital monetary contraption, in the end you will always be operating the equivalent of a pump and dump or elaborate casino arbitrage game.

It's kind of comical actually. We're just moving the Wall Street casino into a new shell game for people to play musical chairs in, guessing where the top is going to be then everyone scrambles for the seat of actual sound money.

Ideal money will always win no matter what the historical conmection to gold there is in regards to linking it to god through the sun or whatnot. Ideal money will be most useful in advancing society.. cryptocurrency is more ideal that rate targeting fiat system we employ. Gold cannot be used as money in any meaningful way in todays economy unless its a backing to a cryptocurrency vehicle.. im which case you will lose the backing sooner or later just like we did in the 70s with fiat.