Quote from: https://www.armstrongeconomics.com/armstrongeconomics101/understanding-cycles/idiots-who-try-to-control-the-world-and-blame-everyone-else-for-their-failure/

This whole nonsense of Conspiracy Theories of people who are steering the world economy is just insane. If that were even true, then why call us at all?

Martin, that is not refutation of the argument that the Zionists are superior to the central banks.

They let the central banks call you. So what?

That does not refute the evidence that Mossad did 9/11 and the fact that someone designed Bitcoin to become the one-world reserve currency and hand all of the control to an oligarchy of miners.

Quote from: realr0ach on October 29, 2017, 05:55:07 PM

What type of Anonymint-Philippines anti-metals collusion is going on here today? First I guess I'll address this random craptocurrency pumper buffoon:

Quote from: lordquanta on October 18, 2017, 02:15:35 PM

Time to invest in the metal is long gone. This is the era of crypto currency.

Besides all of them being centralized and having no point to exist at all, why all cryptocurrency is garbage:

The r0ach report 23: The Achilles heel of cryptocurrency economic fundamentals - Seigniorage fee

https://steemit.com/money/@r0achtheunsavory/the-r0ach-report-23-the-achilles-heel-of-cryptocurrency-economic-fundamentals-seigniorage-fee

Quote from: realr0ach on October 29, 2017, 05:55:07 PM

The difference in cost of production and face value of a monetary instrument is called seigniorage fee. If the cost of a dollar bill is something like four cents to create but you pay the government 96 extra cents for it, that's called you being ripped off by orders of magnitude and the government using the ripoff profits to fund it's mafia. In the big picture, you're always going to be getting hit with some type of seigniorage fee no matter what you use, but the key is to minimize it.

Now that we've established you need to be a moron to buy paper, fiat currency, let's examine how this relates to craptocurrency. Humans live in a generally closed ecosystem, and since the peak of the industrial age, cost of production generally only goes up for the noble metals as the free market takes all the low hanging fruit first. This means seigniorage fee is mostly always going to be on your side holding those instruments. Bitcoin on the other hand, has a floating cost of production function where production cost is recursive based on it's own demand.

Metals are a non-recursive system since cost of production is always a derivative of the external energy market. This is an important point to make since anyone from a programming background knows recursive systems are a flimsy house of cards with a single problem variable. The problem variable is that the cost of production for bitcoin can go down just as easily as it goes up. This makes it a very unsound monetary instrument in terms of seigniorage fee compared to virtually every other "asset" on the planet since the other assets are generally not recursive.

In case you lack any common sense whatsoever and haven't figured out bitcoin doesn't actually exist in the real world and is mostly imaginary, I would say any system built on recursion disqualifies itself from being an "asset" in the first place.

There are virtually no fundamentals whatsoever in terms of seigniorage fee in bitcoin and contrary to current day opinion, fundamentals actually do matter. It's basically designed to be nothing more than a pump and dump in other words. (i.e. You can never say "oh, I got a good deal buying bitcoin at $100 or $10,000. Everything over $0 is a seigniorage fee in bitcoin so you are generally always being ripped off no matter what you pay, unlike physical assets even as lowly as toilet paper).

There is no seigniorage in producing rocks also, but frankly I find paper money much more useful than rocks. We built these civilizations with the coordination that paper money provided.

We certainly did not build computers from rocks.

You are too focused on money as a perfect store-of-value (which is a fantasy) and not on the utility of the medium-of-exchange. If you are referring to non-monetary asset utility, gold has nearly none.

As for the moat that prevents unlimited forking and seigniorage, Bitcoin has immutability which will drive it to be the one-world reserve currency controlled by the Zionists at the end game. Coordination is the Buffett-esque economic moat. Decentralized ledgers will increasingly cannabalize everything software-with-a-database in the startup universe. Its just a matter of time, while right now were separating the prescient billionaires-to-be from the myopic I-coulda-wouldas. Yet just like Pets.com became a reality eventually a decade or more hence its failure, we might experience a Dot.com-esque crash first. The ICO madness and hype is way out in front of the actual reality of adoption. The only blockchains Ive used for anything other than speculation are Bitcoin and Steem.