Bitcoin Doubters, Come Eat Your Crow

Discussion in 'The War Room' started by jmag, Dec 20, 2016.

  1. Greoric

    Greoric Silver Belt

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    Absolutely, even in the hard sciences progress comes one funeral at a time. Its unfortunate, but the softies have to wade through massive incentive structures acting to push conclusions, and its not helped by the fact that it's confounded by significant constraints on experimentation.
     
    Last edited: Nov 30, 2017
  2. Greoric

    Greoric Silver Belt

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    I think you need to come to grips with what an appeal to an authority is and why its not an argument before we can continue.
     
  3. Falsedawn

    Falsedawn destroy Platinum Member

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    Maybe not in 2018, but i'm patient. This talk of BTC boosting to 100k and beyond is vapor to me. There's no use case for it, it's all reputation. XRP has a use case in financial institutions, even if supply is large. Plus the fact that it's all premined means that they can control it directly as opposed to the increasing hashing difficulty of BTC. I dunno, I just think that if banks start getting behind it, it'll take off.
     
  4. mrbaapt

    mrbaapt Purple Belt

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    Bitcoin hit 11,400 yesterday and now its under 10K. This is very hard to explain, especially since so few people actually sell bitcoin, most just buy and hold.

    I would suggest investing in other cryptocurrencies as they are more stable.

    1 Year gains so far:

    Bitcoin: 1240%
    Ethereum: 5409%
    Ripple: 3486%
    Litecoin: 2249%
    Dash: 6871%
    Monero: 2089%
    Decred: 10199%
     
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  5. PolishHeadlock

    PolishHeadlock Putin Belt Platinum Member

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    There's nothing to continue.

    You made a crack about my understanding of Econ. I pointed out where my basis for my beliefs comes from. And you shared where you get yours along with your derision for people who study the field professionally and academically.

    I found that to be funny.

    We can move on.
     
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  6. Greoric

    Greoric Silver Belt

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    I didn't. You read into my post wrong. I was validating the questions you were asking and how to think about the issue actually.

    It's good to know why you got so abrasive all of a sudden though.
     
  7. Greoric

    Greoric Silver Belt

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    By whom the government? As a first course of action to dismantling government? Not likely.

    Even in the way that they sold off all the armament, the situation doesn't change that much. We would still be one of the worst targets for a foreign invader without a government. It would be like choosing to take over a forest instead of an established farm.
     
  8. PolishHeadlock

    PolishHeadlock Putin Belt Platinum Member

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    I just looked back and I could have sworn your edit read "Your understanding of economics".

    But it actually read "Our understanding".

    I apologize for getting abrasive.
     
  9. SwamiLeoni

    SwamiLeoni Silver Belt

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    I feel like BTC is used right now to showcase the health of Crypto as a whole. Does XRP have a better use case? Probably. At some point the power level to keep BTC going will be staggering. As it stands, its power consumes more than 150 countries. That said, I don't see BTC fading off into the darkness anytime soon. Will it reach $100k? I don't think so, but who really knows? I cant count it out, especially because there's only 21 million of them.

    I'm pretty sure banks are already getting behind XRP. That is a huge thing for them and @ $.25 it might be steal. I think a lot of people park their money in XRP as corrections and dips happen because it's relatively stagnant.

    I would always hold some BTC even if its a little bit. It's the king and will be for a while. I don't think $11,400 will be it's all time high. That said, it is better to diversify your holdings when investing in crypto.
     
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  10. Greoric

    Greoric Silver Belt

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    It happens mate.
     
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  11. waiguoren

    waiguoren Black Belt

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    Expansion occurs piece-wise over years. It starts with the border states, then slowly proceeds to the interior.

    Take as a case study Soviet expansion into Romania, Poland, Bulgaria, Hungary and Czechoslovakia immediately after WWII.
     
  12. Greoric

    Greoric Silver Belt

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    I agree. If there's an expansion, its outward of a free society, not inwards. Otherwise you're saying people would choose to be extorted by an overlording state when they've tasted freedom.

    As far as the cases of Poland and others go, we're making the same point. Poland was taken over so easily because it had a state in place ready for the Reich to substitute. Contrast that with a place like Afghanistan. The greatest world powers in history going back to Alexander haven't been able to conquer it, (in part)* because the people there don't recognize a central authority to the country.
     
    Last edited: Nov 30, 2017
  13. waiguoren

    waiguoren Black Belt

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    I'm not sure what you're saying. The USSR was a freer state than Czechoslovakia, and that's why the USSR was able to take over?
     
  14. Greoric

    Greoric Silver Belt

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    I expanded on the post above.
     
  15. BJ@LW&WW

    BJ@LW&WW Gold Belt

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    bitmex alone turns over 244k bitcoins in a day. i think there's plenty of bitcoin selling going on.
     
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  16. JonesBones

    JonesBones Gold Belt

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    ok, I am getting into this shit. I want some Einsteinium. Coinbase and other places don't have it. Poloniex does have it but I got this message when trying to sign up:

    You have selected New York as your state of residence.

    The State of New York prohibits you from using our platform at this time.

    Your account has not been created, and we will not store your data.
     
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  17. tonni

    tonni Black Belt

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    Do you invest in cryptocurrencies?
     
  18. mrbaapt

    mrbaapt Purple Belt

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    Yes. I use gatehub to trade most of the alt-coins.
     
  19. tonni

    tonni Black Belt

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    I'll humbly say I have no clue what the advantage of any of this is.
     
  20. mrbaapt

    mrbaapt Purple Belt

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    The advantage of making money?
     

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