Post
Topic
Board Speculation
Re: When do goldbugs give up?
by
Traxo
on 23/08/2018, 20:57:34 UTC
You still havent explained why the NWO would bother buying up all existing bitcoin kicking everyone else off the blockchain when they have access to all this free hash power and could just launch NWO-coin with zero initial outlay for their own uses.

You seem to not understand that the masses will be kicked off because when BTC rises to $million+ then transaction fees in excess of $5000 (perhaps as high as $50,000) per transaction.
TPTB pay the fees to themselves since they are also eventually the miners. TPTB don’t need to buy Bitcoin from the masses, the masses will pay it to them as transaction fees.

Again I already told you they needed Bitcoin to develop organically from the bottom-up so that there would be no resistance to the NWO. Bitcoin has to become everyone's unit-of-account first before everyone is totally kicked off. The kicking off will occur in stages as the price and transaction fees rise organically.

And again, no one will be able to prove that there's anyone in control of Bitcoin. If they had done it only for themselves from the start, it would never be adopted by the world. There would be resistance.

Post a signed message including my username from a bitcoin wallet holding over $50k and you have some credibility.
This is private information that should remain private. You reveal your identity and prove how much money you have and see how it works out for you.

That will be about 99.99% of the worlds population currently then.

Not for long:

https://bitcointalk.org/index.php?topic=4942336.msg44570029#msg44570029

Also more than 2% of the Japanese population owns cryptocurrency as of end of 2017. Rising rapidly.



I think its arrogant to believe we have altered a trend that has been in existence that long.

It's important to distinguish butthurt ego from facts (the link explains that Iron was a precious metal and money 323 B.C.). So not only is the trend of gold just a small fraction of recorded civilization, but there is a chart of an inexorable trend of decline in value for physical things at that link.

There was never any arrogance involved. You are projecting your own ego there.


I totally love technology have done for decades, great growth is possible and its amazing but in this case it has not made traditional stores of value redundant.

No technology really has inexorably made physical things less and less valuable. And the Internet and the computer are accelerating that trend to the extent that gold is losing its function as money. Paper money was the first invention that relegated gold to second tier status, and now Bitcoin will replace the second tier as well. The fat lady is about to sing on gold.