wachtwoord

Yes but % is all that matters of course otherwise any btc crash is always the largest.

You mean smaller drop? 69 to 20 is a bigger drop than 125 to 60.

https://www.coinwarz.com/mining/bitcoin/difficulty-chart

There was more freedom then. You simply have no clue what personal freedom constitutes and underestimate election manipulation in modern times. Your bias is showing. No oppression by the nation state so no involvement by them and voluntary choice otherwise. It's really not that difficult, why are you trying to not understand just do you can hold on to your comfy beliefs?

No they are not as supply is constantly inflated (melting ice cube). Do yourself a favor and look up the maximum and average survival times of currencies historically. Lets add counter party risk on top for no gain? Agreed, and to transfer wealth from the productive class to the parasitic class (politicians and all the professions that only exist or are as large due to politicians eg tax advisors). That's a feature not a bug. Frequent small crises every few years is the natural way of an economy. All central banks do is block the economy from going through these release cycles taking out the poor allocators of capital. Their continued existence, financed through direct and indirect transfer of capital, supports Malinvestment of capital which comes with a huge societal cost (opportunity cost). Central banks are a core tenet of communism. Free societies by definition cannot have central banks as their very existence is coercive and exploitative. The US was much more free until the UK bankers Trojan horsed the Fed into existence in the US (I'm European btw, the oppression and stagnation the founding fathers fled from, unfortunately you were followed there by our crap institutions centuries later). What does "run on" mean in your mind? In mine people should be free to use whatever medium of exchange, store of value and unit of account they choose and not be coerced into one or a few. Enforcement that exists now through enforcing acceptance of a specific fiat currency, enforcement of tax settlement in a specific fiat, forcing tax calculation with a specific fiat (eg paying capital gains on a,loss,of purchasing power through inflation) and restriction of what assets can and cannot be owned by a private individual is barbarous.

Luke, what you wrote was nonsensical and inconsistent to meaningfully respond to. Not worth my effort to comb through. You don't have to rewrite and I will simply not engage. All good.

Luke if you want a reply please rewrite all your messages so they don't assume I consider Bitcoin as a currency. Like this it's pretty pointless to respond. You simply stating the retarded religious belief that a 2% tax inflation is a good thing, just using an argumentem auctoritatem as its legitimization, rather than a political scheme to steal from the productive class and keep them down as part of your response to what I wrote does not give me much hope btw.

Misnomers abound in the real messy world. The state calls CPI increases inflation, not the increase of the money supply. Liberalism once being used to point to people valuing individual freedom above all else, now used to those that wish all are stripped of their individual freedoms and coerced to act by the state executed "collectivism". Vaccine, once equivalent with engendered stimulation of immunity developed by the body, now used for shots that at best reduce symptoms. Etc etc etc Bitcoin, nor gold, nor paper, nor seashells are currencies. They can be used as such, with varying degrees of efficiency as anything with value that's at least somewhat fungible. Btw if you are that married to terms, don't be fooled like eg Ripple calling their chucky cheese coins "cryptocurrency". If it has a centralized ledger it's just an inefficient database. Well yes. Bitcoin is gold with superior qualities. Originally posted in early 2012: https://medium.com/lux-initiative/bitcoin-the-libertarian-introduction-c616edd8496c It's the people in charge of the economic institutions that "do not understand enough about economics". This is because the Keynesian political ideology was used to push utter falsehoods on generations of economics students. So many believe that nonsense now and few practice the actual science (austrian economics). Eg Inflation of a currency being a good thing is so incredibly stupid. How did they convince people of that nonsense? Btw did you see that central banker laugh about bitcoin at Davos? Did you hear him speak? he has zero clue but speaks with utter confidence. For example he thinks a single person controls the bitcoin blockchain

Ding ding ding ding, we have a winner. Also lol at all the Schadenfreude posters in the topic . Indeed what always happens in this part of the cycle so it must still be alive. Human nature is hilariously ironic sometimes

Lol of course it is. Did that really surprise you Bitcoin is still fully in learning curve/price discovery. In the short run fiat devaluation is such a tiny part of its price it's going to be invisible. Expect that after it grew up and displaced gold, not before.

Quantum risk is not really a risk unless you store your bitcoin in addresses with the 2009 standard (P2PK) or reuse addresses (when you move coins out of an address always move all and retire that address). Losing access or being robbed are real threats though, but those also apply to gold.

Yeah and did you see the condescending little fucker smile, laugh and mock while being as wrong a he could possibly be? Mind boggling how such incompetents are in such influential positions in society (central bankers are our system's central planners equivalent, yes a communistic pillar of western society).

Well apparently Sham won? Somehow. .. Against Tim Eriksen btw (one of our forums own. Among other things responsible for the SODI turnaround).

Bitcoin won't have cheap transactions on chain. Other crypto isn't truly worth anything.

My man c'mon..... Transaction fees.