there is an Ivory tower section of the forum.  This thread does not seem to fit such, even though you are likely suggesting some kind of a mini-Ivory tower, so it is not quite Ivory tower, but it is also not open to everyone and/or or anyone, like bitcoin is.

Last time, I checked bitcoin is open to everyone and anyone...  Why should talking about bitcoin be any different?  This thread is the troll box of the forum.. which allows the discussion of almost anything, which surely from my perspective seems to be the opposite of exclusivity.


Theymos would have to administer something like that.  I doubt that the thread owner has very many privileges beyond deleting posts of members (which Infofront has lived up to his proclamations of minimal administration) and/or reformulating a poll.  Sure, he can lobby theymos, yet I doubt that he would, since you guys are talking about ideas that go beyond the spirit and tradition of this thread... at least so far, the thread has been open to everyone and anyone, even though sometimes "we" beat up upon some of the newbies, because "we" are mean.   


To the extent that third parties are not overly creating paper bitcoin (and we know that some paper bitcoin are being created), then the price is going to just adapt to supply, so I have been having my doubts that there would be any exact shock, even though surely only so many folks are willing to sell and to put new supply onto the market through their selling.. so if the price suddenly doubles, it seems to me that supply is going to come available.

Regarding your last point, surely the custodian (Coinbase or whatever) is going to end up in BIG trouble if they don't have the coins that they claim to have... surely a honey pot.


Keeping 4-5 years in cash is a lot of fiat hanging around.. .though there could likely be ways to do some variation of that, so it probably is not totally unreasonable.. to consider..

Let's say, for example, that a person had been in bitcoin since 2017 (using your forum registration date), and sure maybe he front loaded his investment, but let's say that he largely had put most of his investment into bitcoin over a couple of years.  Let's say that he put 2 years worth of his income, and so then his average cost per BTC might have had been around $10k or perhaps even less than $10k.. so maybe something like $8k per BTC.   

If his income was $50k, then that would have had ONLY gotten him around 12.5 BTC, so, from my perspective, not quite enough BTC to be able to stack away 4-5 years of fiat.  From my perspective, he would have had needed to get into bitcoin sooner..   Of course, if his average cost per BTC would have had been closer to $6k rather than $8k, then he would have had been able to get 16.67 BTC.. and he would be in a better place,  yet still I would consider that borderline to be taking out 4-5 years of fiat from that... .. not totally unreasonable but there does not seem to be enough of a cushion to cash out 4-5 years worth of fiat.


I haven't met too many "nice girls" who don't love spending.

I don't really have any problem spending as long as there is some kind of attempts to account for it, rather than just considering the money to have had grown off of trees.

Let's say a person bought a couple of bitcoin between 2017 and 2020, so maybe the average cost per BTC is around $8k per BTC, so the total amount invested might only be around $16k... , and if that same person had been spending 10% every doubling, then maybe he would have spent something like this:

$16k  - 0.2BTC = $3,200

$32k  - 0.18 BTC  = $5,760

$64k  - 0.162 BTC = $10,368

$128k  - 0.146 BTC = $18,688

So even once the sale of 0.146 BTC is made around $128k, there is still around 1.3122 BTC remain in the  BTC stash..  even though nearly 0.7 BTC had been spent and nearly $30k extracted... The remaining 1.3122 BTC seems to be burning a hole in the pocket, and there might even be a desire to convert from price-based selling and into time-based selling... and one of the great things about bitcoin is that it provides options, as long as we do not end up selling too much too soon.


That can be a big dilemma.