Post
Topic
Board Bitcoin Discussion
Re: John Nash created bitcoin
by
iamnotback
on 13/04/2017, 11:39:55 UTC
There will be digital currencies and they will be regulated like 666, and you won't be able to transact on chain in Bitcoin which won't be regulated.

Satoshi designed it this way and even @dinofelis admits he did, but somehow @dinofelis can't see that such a design forces the masses off chain into the totalitarianism of 666 regulated currencies.

Satoshi designed it that way BY ERROR (or by cheating and lying to make me think he blundered because I am naive as a 12 year old girl).

ftfy

You will eventually realize I am correct. Hopefully realize it before it is too late for you to escape the 666 totalitarianism coming.

I simply don't think that bitcoin is going to fly so high.  It will find its niche, namely an unregulated reserve currency for big sleazy business, and as a highly speculative toy for gamblers/traders, and that's it.

All the $billionaires and $trillionaires will be doing their settlement in BTC.

It will be $500,000 per BTC.

That is obvious.

You don't seem to understand money very well. And I am not going to write a treatise here. It isn't my responsibility to fix your ignorance about money. I say this forcefully because it behooves you to do some learning so you stop spouting off incorrect judgments.

Bitcoin, nor any other block chain type crypto, will be "the future of money" for most people, simply because it is too clunky, authorities won't let it happen, and in the end, people are material beings.

It isn't intended to be used by the masses. It is intended to be used by the $billionaires and they have the most wealth.

So, yes, I agree with you that the design of bitcoin is such that it will remain immutable, and that most of the current characteristics of bitcoin are understandable by game-theoretical arguments.

Where I don't agree with you is to think that bitcoin will become world-important - it will remain in a niche.

Because you don't understand money and what time it is. You don't even understand that your own EU is collapsing into abject totalitarianism.

You are far too smug and overconfident. A well fattened cow ready for the slaughter.

You have a high IQ but you aren't motivated to use it. Because you are too comfortable. The cows don't try to escape, because they have plenty of grass to eat and fields to roam. Yet they do get slaughtered one day.

Like all crypto.  People will never pay their groceries with crypto.  Forget that.  Fiat systems will remain in place as long as humanity is still in command and states exist.

Correct. But entirely irrelevant to what we are discussing. That you don't realize it is irrelevant is indicative of why you are blind to the reality of what is going on.

Where I sort of don't agree with you, but I don't care much,

You don't care much because you are smug and comfortable. Lots of grass to eat.

is that I have good reasons to think that bitcoin's design has too many clunky crypto design features to be the product of a mind like Nash.

You've been refuted upthread but you continue to repeat your errors instead of studying what I taught you and contemplating more deeply on the permutations of what I taught you.

But it could be ; but as, moreover, Bitcoin's monetary philosophy is ALSO not in agreement with Nash ideal money,

I refuted that a few moments earlier upthread. You have so many errors.

Where I don't agree with you is that bitcoin is designed by the "global elite" because apart from a gambler's token, it is not going to go anywhere that can interest the "global elite".

You have entirely ignored everything. Amazing. It is like you have selective reading comprehension. You are clearly in a massive state of cognitive dissonance.

The sleazy business it is profiting is not the global elite, but second-hand maffioso.

Look over the forest, not just at the bark on the trees.

And if it were, against all odds, designed by the global elite, it is a failure in any case.  Don't stare yourself blind on the "market cap" of bitcoin: that's nothing else but one big huge speculative bubble, driven by greater-fool games.

No man. Most BTC is hodling. MAJOR MISTAKE IN ANALYSIS!!

You are way off. Only a very small % of BTC supply is traded on exchanges. The same coins traded over and over again.

The economic value of bitcoin (the value creation it allows over its competition: fiat, in economic activity) is most probably 100 times smaller,

OMG you are really blind.