Quote from: realr0ach on September 21, 2019, 03:53:07 AM

Quote from: JayJuanGee on September 21, 2019, 03:47:31 AM

Yes. Add another nutjob to the mix in order to assert that you are not the only nutjob.

Oh yes, he now says all the same things I do about Bitcoin, so that means because he's not attempting to promote the pump and dump scam for JayJuanGee to profit on from fraud, he must have zero credibility and be a complete nutjob:

Haven't you realized by now, that bitcoin is going to bitcoin, and it does not matter in any kind of way regarding what I say or whether I convince anyone to buy bitcoin or not. I could give any shits about whether people decide to buy bitcoins. That is their choice.

I am here to share information about bitcoin, and to brainstorm with other like-minded folks.

Of course, have to put up with tards like you, in process, but even with your ongoing spouting of nonsense, there still tends to be a lot of decently valuable information that is shared in this thread, and along the way, I can also develop my ideas by writing them out and sharing them, too.

In other words, bitcoin is going to do what it does in spite of anything that I do or say.

As, you likely realize about me and my investment style and expectations, I don't need bitcoin to go to $100k or even to go beyond the price where it currently is at. Furthermore, I have already resolved myself that at some point in the future, when I am comfortable, I can just start cashing out BTC at the rate of about 1% per quarter for the rest of my life, as long as the price is above $5k. Part of the underlying assumption is that cashing out 1% per quarter is not really very likely to eat into principle, so I am kind of presuming that BTC prices are going to continue to appreciate at least 4% per year, using $5k as a base starting out price.

Of course, if I start to perceive that my life might be coming to an end, then I can start to cash out more than 1% per quarter in order to cash out principle.

I believe that all along my investment thesis for bitcoin has been relatively conservative, and in 2013 when I started buying bitcoin, I had hoped that over the long term, I would be able to achieve at least an average of 5.5% per year return on my BTC investment, so in almost all measures, this bitcoin journey has been way the fuck more successful than I had hoped for in terms of minimum expectations. So the extra returns are just icing on the cake, and surely BTC prices would have to go way below $1.5k per BTC for me to start to question whether I had made a bad investment. How likely is that? Does not seem to be too likely, even though you keep on spouting off about bitcoin being a Ponzi scheme which presumes that it is going to zero (or close to zero).

Your continuous spouting about such supposed bitcoin Ponzi scheme is not going to make it more true, unless it happens, which seems quite unlikely, perhaps less than 5% in the next 10 years. And, what the fuck do I care after 10 more years? I will continue to have been cashing out, and likely have gotten back way more than my initial investment including still having BTC and an investment that is valued more than my initial investment, even supposing a 5.5% per year return.

Quote from: realr0ach on September 21, 2019, 03:53:07 AM

Quote

Also this from James A. Donald, the first person who communicated with Satoshi on the mailing list where Bitcoin was announced

Hopefully people have learned in 10 years about what bitcoin is, and even been able to see how bitcoin has been playing out. Yeah, Donald says that bitcoin cannot scale, but it can scale and it has been scaling. Donald would have been correct to be skeptical, but he is also speculating about something (bitcoin) two months before it even started to deploy, and years before it was even attempted to be used. Even my views about bitcoin have changed in the last 6 years based on bitcoin evolving as a phenomenon including adoption of segregated witness and transaction options that are enabled to be built on the second layer.

Of course, a decent amount of bitcoin's base ideas are the same, but there has been learning and tweaking along the way, too. Bitcoin remains a quite strongly verified by facts and experiences and tweaking of the code phenomenon including network effects that have building and growing around it that should be taken into account when comparing something that was said in late 2008 and something that has actually been implemented with more than 10 years under its belt in late 2019.