Re: Magic Money: The Bitcoin Revolution (Documentary)
-------- Original message --------From: jim bell <jdb10987@yahoo.com> Date: 12/1/17 10:36 AM (GMT-08:00) To: grarpamp <grarpamp@gmail.com>, cypherpunks@cpunks.org, g2s <g2s@riseup.net> Subject: Re: Magic Money: The Bitcoin Revolution (Documentary) On Friday, December 1, 2017, 8:42:41 AM PST, g2s <g2s@riseup.net> wrote: >Hahaha! Imagine the mayhem if the US dollar lost 20% of its value overnight. Bitcoin's potential worthiness has been maneuvered by the same scumbags who ruined the financial markets with flash trading to be a Pyramid Scam only truly stupid people would believe in. Or scam artists like the libertard shits infesting this list.
Bitcoin loses over a fifth of its value in less than 24 hours Bitcoin loses over a fifth of its value in less than 24 hours×
I'm not going to let you forget that as a consequence of my October 7, 20177:00PM (Prague time) Prague speech, Bitcoin went from about $4300 to $5800 in six days. Raising the value of all Bitcoin by $24 billion. And don't forget: Well before that, I TOLD the CP list to "Buy Bitcoin" Jim Bell And remember folks. Capitalism and Anarchism, as it is with socialism, are mutually exclusive. There IS NO SUCH THING as "Anarcho-capitalism". Why? Because anarchism is based on people freely exchanging according to need, not "free markets" exchanging according to greed. Rr
On Fri, 01 Dec 2017 11:02:14 -0800 g2s <g2s@riseup.net> wrote:
Hahaha! Imagine the mayhem if the US dollar lost 20% of its value overnight.
that would be great. Real value of the dollar is zero anyway. Now rayzer you are missing a few problems with bitcoin, one of the biggest being that a bunch of assholes have a lot of bitcoins.
On Sun, Dec 3, 2017 at 11:38 AM, juan <juan.g71@gmail.com> wrote:
Hahaha! Imagine the mayhem if the US dollar lost 20% of its value overnight.
that would be great. Real value of the dollar is zero anyway.
Nooo, at least convert it to useful BTU's.
the biggest being that a bunch of assholes have a lot of bitcoins.
Wouldn't worry much about it. Those with meaningful amounts are almost all philosophical early adopters holding at least some elements of the liberchist cypherpunk schools of thought. And today even if some fakers come buying in at $1B each, they're only getting 0.4% of the pie, 0.09% @$50k, 0.04% @$100k, etc, each raising the price of every coin by at least $65, further via fiat devaluation, and short term by much much more through wiping out walls and other market effects. The seeds of change away from the old world were already mined, bought, and sown worldwide years ago and are now growing, some now acting in public for change, some being quietly redistributed to a multitude of like thinkers, some still in private backyard greenhouses, waiting for the right time, the right events, to make their punk move. They're here now, and will be in the future, expect them.
https://www.reddit.com/r/Bitcoin/comments/7h94s7/even_at_10000_i_believe_bit... https://www.youtube.com/results?search_query=blockshow+asia+2017 at Blockshow Asia in Singapore this week Simon Dixon, of Bank To The Future - stated that even at $10,000, Bitcoin was still the most undervalued asset in the world. Dixon described bitcoin as the first investment in modern history that the small time investor has access to before Wall Street, which is hamstrung by the lack of regulation in the space. However, once Wall Street is able to enter, they will in a big way. With CME Futures on the horizon eventually paving the way for an ETF, their entry seems all but inevitable and they're not going to be buying with pocket change. Dixon said that whether individual fund managers are believers in bitcoin or not, they will have no choice to put their clients into BTC because it is one of the few investments that at present, is completely uncorrelated to the mainstream capital markets. Finding uncorrelated assets is a very basic element to traditional diversified portfolio management (which is also discussed in Chris Burniske's Cryptoassets), so it will be a no-brainer for them whether they like it or not. He also discussed the properties that will establish Bitcoin as the powerhouse he believes it is destined to become - the fact that it is the world's first truly neutral currency, that doesn't care about any specific country or government On fiat currencies, he does not see them ever going away but sees a future where people can spend their local inflationary fiat currencies but hold their wealth in cryptocurrencies that have zero connection to whichever country someone lives in. The fact that people will have a choice will ultimately keep governments honest because if they abuse their power, everyone will be free to move their wealth and the government will be powerless to stop it. Lastly, he predicted that in 2018 we'll see the entire cryptocurrency market reach a trillion dollar valuation
participants (3)
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g2s -
grarpamp -
juan