Quote from: realr0ach on December 08, 2017, 12:27:01 AM

Quote from: CornCube on December 07, 2017, 11:35:29 PM

Crypto should be about 90+% of my networth (except for any brief periods of side-stepping massive corrections).

You cannot be serious. Besides the fact that it's not actually possible to create a decentralized digital currency so bitcoin has zero fundamentals, it could fail for thousands of other reasons even as small as people being too confused and not wanting to trade in increments of 0.000000000000000001 Satoshi and not having any type of consensus on restructuring the decimal system lol (besides other issues such as not being able to scale to service a small town).

Are you that asshat Clifford Stoll who claimed the Internet wouldnt replace newspapers, CDROMs, and enable telecommuting workers?

Quote from: https://thenextweb.com/shareables/2010/02/27/newsweek-1995-buy-books-newspapers-straight-intenet-uh/

A blog called Three Word Chant has dug up an infamous Newsweek article dating back to 1995 titled The Internet? Bah!.

There are a number of quotes that will leave you grinning proudly about how wrong author Clifford Stoll was, but before we criticise, lets accept this is 1995. The Internet was a mess. No Google. No method to the madness. Its understandable how many may have believed there wasnt something in this Internet thing.

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The Internet? Bah!
Hype alert: Why cyberspace isnt, and will never be, nirvana

After two decades online, Im perplexed. Its not that I havent had a gas of a good time on the Internet. Ive met great people and even caught a hacker or two. But today, Im uneasy about this most trendy and oversold community. Visionaries see a future of telecommuting workers, interactive libraries and multimedia classrooms. They speak of electronic town meetings and virtual communities. Commerce and business will shift from offices and malls to networks and modems. And the freedom of digital networks will make government more democratic.Baloney.

Do our computer pundits lack all common sense? The truth in no online database will replace your daily newspaper, no CD-ROM can take the place of a competent teacher and no computer network will change the way government works.

You seem to not understand what time it is. Check your technological evolution calendar:

Quote from: CornCube on December 07, 2017, 11:35:29 PM

Crypto is like the move from the buggy and whip horse carriage to the automobile. If you invested in such a new technology you became a $billionaire.

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Yeah technology is diversifying and decentralizing at a breakneck pace!

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I wonder what is the underlying psychological reason that roach hates technology so much? He seems to associate technology with centralized control? I suppose he thinks if we were still in the Stone Age then the Zionists and banksters would be powerless to control individual humans. But who the heck would want to live in the Stone Age?

Quote from: realr0ach on December 08, 2017, 12:27:01 AM

There are so many reasons why bitcoin will not defeat metals it's absurd. It's not even deflationary, it's HYPER deflationary. Each time someone dies holding metals, the metals are probably recovered 99% of the time unless you're a fucking 18th century pirate. When someone holding bitcoin dies, the things are gonna be gone with the wind an overwhelming amount of the time. Hyperdeflation is just as stupid and dysfunctional as hyperinflation.[/size]

I see a proliferation of altcoins. I dont see any deflation, other than the sound of fiat and gold and everything else being sucked into the vortex of the technological evolution.

Quote from: realr0ach on December 08, 2017, 12:27:01 AM

But then there's the fact that the vast majority of the general public will not even hold their own coins and instead use a bitcoin bank because they're required to have some type of chain of custody for their relatives and children in case they croak.

Thats simple to solve. Just given them a set of signing keys and set up a hashed time-locked contract to pay all your stash them, but supercede that before it expires if youre still alive and issue a new postdated one into the future (say every year or few years). So you relatives have to wait at most a few years to get access to your stash.

I warned you that you should not presume you know everything about what is technologically possible.

Quote from: realr0ach on December 08, 2017, 12:27:01 AM

So nearly all the bitcoins will just be sitting in the banker's pockets anyway. The jew banker goal is just feudalism where they're the slave plantation owner, so things would be completely unchanged from how they are right now and it would all just collapse anyway on it's normal trajectory as if bitcoin never existed at all due to their unstoppable greed.

We are on a trajectory that bitcoin will likely have little to no effect on in the grand scheme of things because it does nothing to address the human element (if you were to classify jews as humans).

The Inverse Commons and the Knowledge Age will change that because knowledge formation and trading is not fungible. How many times do I have to tell you to go read my essays cited at the OP of CoinCubes Economic Devastation thread. I am not going to explain it to you again. Tired of repeating myself.

Youre a Malthusian dinosaur.