Quote from: Dabs on Today at 06:00:00 PM

Quote from: JayJuanGee on Today at 05:02:57 PM

...even if some folks want you to consider that we are ONLY in the midst of a "trend" in which bitcoin gravitates towards its "inevitable price of zero.".... hahahahahaha

The question now, since nothing is forever, will this be one of the following:

1. not in 100 years? (one hundred)
2. not in 1000 years? (one thousand)
3. not in 10k years or longer?

In any case, we are all dead before bitcoin ever reaches zero.

Even though I believe that I understand what you are doing, I am not sure if your way of framing the matter is fair or even the same topic that I had mentioned.

Of course, there is always some amount of chance that BTC could go to zero, whether it is this particular correction cycle or if it were to take much further to play out. And, there is also a rhetorical component, too.

So yeah if we are referring to the short term likelihood that bitcoin is going to zero the odds do seem to be quite low, but they are surely not at zero.. even for the short term.

In other words, we cannot completely rule out the actual possibility that bitcoin could go to zero in the short term and even in a time frame that is much less than 100 years.

Now, in terms of the rhetoric, and the kinds of feelings that status quo stake holders such as rich peeps, financial institutions and some status quo governments would like to create remains an impression that bitcoin is a flash in
the pan rather than anything meaningful and significant (as they might be learning that BTC is a much more formidable force than they are publicly admitting). So sure, there are also a decent amount of status quo folks that are truly confused about bitcoin versus crypto and even contemplating that there are ways that bitcoin can be managed, in the event that it cannot be snuffed-out... which also likely requires coordination in the government and even coordination between governments if any kind of snuffing out might even be reasonably feasible at this stage in bitcoin's life.. and sure, I am not even suggesting that various kinds of governmental agent fantasies are realistic, but I am not going to negate that there are plenty of governmental agency officials and even status quo financial officials who might still be in their own little fantasy regarding how they are framing their ways to "deal with" bitcoin.

Quote from: Dabs on Today at 06:00:00 PM

Some people think the end of the last mined bitcoin, by base reward, would be the end, around the year 2140.

Yeah, but why is that even relevant? You really believe that at this time, we need to seriously consider whether any kind of potentially non development of a sufficiently sized fee market is any kind of real and meaningful threat to bitcoin in the next 100 or so years (or less perhaps?).. there are likely much more important considerations than that seemingly almost lame talking point, no?

Quote from: Dabs on Today at 06:00:00 PM

But we will see a full decade or earlier if that will be the case or not, perhaps even by the middle of this century, as transaction fees approach or exceed the base reward per block mined.

Yes, for sure.. the fee market and the various ways of considering 1st layer or second layer (or any other layers) is an ongoing empirical question concerning dynamics that fall into place and whether some kinds of foreseeable and important vulnerabilities begin to show themselves in respect to bitcoin (or if it all of a sudden becomes too late to fix some kind of extreme vulnerability that might exist in connection to fee/reward related incentives).

I guess I should not really need to repeat that I consider your pondering on this question to be a bit of a pie in the sky contemplation at this time, but hey each of us have our various considerations and concerns in regards to the various king daddy investment theses.. and how much emphasis we believe those considerations/scenarios to deserve.

Quote from: Syke on Today at 07:31:18 PM

Warning to my US-based WO family. The IRS is opening *criminal* investigations to any business that has ever accepted bitcoin as a payment method. If an IRS agent contacts you, say nothing, get a lawyer.

Link or it did not happen.