Quote from: bluebits on March 14, 2018, 06:27:02 PM

News = almost 0 relevance to the price
In a dump the pope himself could canonize any one who buys and not move the price up an inch. Only exchange/country closures can move it on a dime, as that cuts off the money at the source.

And yet neither thing happened at the last bottom.

Sorry Mr Dimon that you didn't get in early.

Quote from: bluebits on March 13, 2018, 08:35:04 PM

The initial emission scheme is part of Bitcoins fatal flaws. It should have been slow when starting out and much faster when POW was higher and usage was way up. Approach it from simple principles, why would the world voluntarily pass off huge amounts of wealth to early adopters? There is nothing in BTC that can't be trivially replicated or improved upon. Only speculators hoping for a bigger sucker will pay them off, and there is a limit to how many new ones appear. If BTC is the worlds currency then some sysadmin who mined a bunch in the early days gets to own California?

We got in early because we are brighter than you. And we can last

Quote from: bluebits on March 11, 2018, 01:54:56 AM

the next 3 years

or

Quote from: bluebits on March 14, 2018, 05:41:07 PM

4 years of winter

In fact, you may not even live to see your colleagues' downfalls

Quote from: HairyMaclairy on March 14, 2018, 10:48:57 AM

I would settle for breaking the monopoly of the banks within another 20 years. Im patient. Also looking forward to Bitcoins 10th birthday in January 2019.

Your time would be much better spent asking your daughter how bitcoin actually works.

Finally, further to your point above

Quote

These fools have been handed a technology so clever, so disruptive and revolutionary, that the rulers of the world would have to fully unmask themselves as ruthless tyrants in order to suppress it, or give up their thrones on their own free will

http://www.loper-os.org/?p=939
http://trilema.com/2015/these-fools-have-been-handed-a-technology-so-clever-so-disruptive-and-revolutionary-that-the-rulers-of-the-world-would-have-to-fully-unmask-themselves-as-ruthless-tyrants-in-order-to-suppress-it/