Quote from: Iranus on October 08, 2017, 04:30:03 PM

This claims that Bitcoin's market cap is 14 billion dollars, so it was either last updated in November-December 2013 during the last bull market or in December 2016-January 2017 of this bull market. Either way, it's hideously outdated and no longer represents the Bitcoin market/crypto market as a whole.

Haha. The link clearly marks January 2017. How did you miss this?

Quote from: Iranus on October 08, 2017, 04:30:03 PM

Furthermore, I'm not sure what the relevance of this actually is, because it assumes that the value of the Bitcoin market could suddenly be "withdrawn" and all of the money would be in physical cash, which is obviously impossible.

LOL. Same for every other asset listed in the world.

All the value of real-estate to be suddenly "withdrawn" in physical cash would be obviously impossible.

All the value of gold to be suddenly "withdrawn" in physical cash would be obviously impossible.

All the value of stocks to be suddenly "withdrawn" in physical cash would be obviously impossible.

All the value of bonds to be suddenly "withdrawn" in physical cash would be obviously impossible.

Quote from: centralbanksequalsbombs on September 24, 2017, 07:44:56 PM

On the opposite end of the spectrum the global fiat system broke a couple of decades ago.

Quote from: Iranus on October 08, 2017, 04:30:03 PM

It's shit by nature, but it's not broken yet. That'll happen once people start paying back their debts to banks, but it could take a long time.

Cool thanks for sharing your thoughts.