@r0ach, fungible money is the problem. Collaboration via forced consensus is the solution. Solving the defect-defect problem is the paramount issue. Gold and silver have nothing to offer.

Hopefully @CoinCube will post my last private rebuttal to @dinofelis, and I am banned, so do not expect this comment to stay here very long.

Goodbye, I will see you on the Bitnet side if you are smart.

Government is going away. Networks never will go away again. Your conceptualization is all wrong.

The Luddites (those who refuse to accept that technology changes everything) are always the losers.


Ignore the drama. Bitcoin is not likely going away any time soon. (Orthogonal to selling high and buying low, and buying altcoins which actually introduce something very new such as when I advised to buy Byteball at $1 million mcap because the consensus algorithm introduced something important and new, although Byteball has serious other flaws it has not stopped it from being an excellent speculation during a bullish BTC market phase)

Bitcoin will likely spawn important ecosystem effects (i.e. was Napster representative of the final outcome of P2P networks and decentralized file sharing?), some of which may correct flaws and expand on what decentralized consensus is really for (which is not mainly fungible money, but rather fixing the defect-defect problem of civilization and hopefully eliminating the winner-take-all power vacuum if the ecosystem figures out how to do this).

The silver of Litecoin is that it can apparently be modified more easily, as it is apparently more controlled by Bitmain. Good or bad, it is what it is. (In 2013, LTC reached 0.05 before BTC crashed. Might happen again, might not.)

@sidhujag, the black swan is not very black. We know it is the dollar short vortex stampede as the EU goes into cardiac arrest. That will only be a dead-cat bounce for the USA though. The Western governments+socialism are a clusterfucked morass that will destroy itself in an accelerating rate with the EU going over the cliff first 2018 or 2019ish (and the USA+US dollar+US equities will be a deadcat bounce beneficiary and then the USA follows into absolute political chaos by 2022ish and then actual chaos in the streets 2024 forward and by 2032 - 2040 the USA will wither away in the height of coming mini Ice age which is confirmed by scientists).