Quote from: centralbanksequalsbombs on July 28, 2017, 05:54:51 AM

Just reiterating to watch the bitcoin 101 blackboard series:
youtube: link1 (https://youtu.be/Bhe61JaNFLU)

Quote from: Yakamoto on May 23, 2017, 11:28:40 PM

Quote from: python_fan89 on May 19, 2017, 07:43:38 PM

IMHO it's also important - the capitalization of Bitcoin - is only 30.000.000.000 $. There are a lot of powerful funds or some companies, how have much more money. So if they want - they can push / pump/ hold / sell. They have enough power to destroy Bitcoin.

It's at $38B, and there aren't a lot of companies that would be able to take on something with that value and destroy it without also destroying the value of the company. Most organizations couldn't even pull something like that off.

I am far more concerned about the power plays and lack of community interest that could result of the recent events dealing with the blocksize, but it's looking like it will be getting resolved so there is a fair amount of hope for that to go to the back burner and solve the issues we've been experiencing.

Bitcoin has crossed $50B cap and is not so trivial anymore. Also, the market has been clear this week re:August 1st release of BCC (larger blocksize fork) and BCC has been DUMPED, people getting rid of BCC as fast as they can and instead buying some real Bitcoin (BTC).

Quote from: centralbanksequalsbombs on April 08, 2017, 09:35:35 PM

Quote from: Hydrogen on March 25, 2017, 05:10:49 PM

I held off responding hoping others would reply to the thread.

You make a lot of excellent points. I wish I had something to contribute but not so much.

If I was to apply an economic model to this discussion, I would aim for a type of thermoeconomic context. I believe that's the future and the best model to use.

But to be honest, I'm an amateur when it comes to economics/markets/trading & I've been severely slacking off for a long time now.

To the point of economics/markets/trading, look at the practical use-case of Bitcoin; a global store of value asset that may be transmitted via a communications channel.

To illustrate how global, I asked which country people were from in this small forum, of those who spoke out, in two days the following tally;
9 responded from Phillippines
5 responded from Indonesia
3 responded from India
2 responded from USA
1 from Ukraine
1 from Bangladesh
1 from East Timor

the above was a count of posters from here: https://bitcointalk.org/index.php?topic=1853019.0

I'll revisit the extensive and increasingly global characteristics of Bitcoin from this thread to update the tally soon.