Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
realr0ach
on 08/12/2017, 00:27:01 UTC
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).  

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.

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.  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).