Soooooooooooooooooo pretty!
Dakardii's topic
Re: Dakardii's topic
** 22-Jan-2021 World View: Bitcoins and Tulips
Soooooooooooooooooo pretty!
Soooooooooooooooooo pretty!
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Re: Dakardii's topic
It doesn't surprise me that I'm not the first person to have that thought.
The "hook" that is typically used to promote land bubbles is, "They're not making any more of it." But most land has some productive value for growing crops, etc., so there is a floor under the bubble price.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
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Re: Dakardii's topic
You don't understand bitcoin. At all.Higgenbotham wrote: ↑Fri Jan 22, 2021 2:43 pmCool Breeze wrote: ↑Thu Jan 21, 2021 1:49 pm
I'll let you figure out why it is backed and what by, as I don't care to argue the point and don't need to convince anyone anymore, particularly skeptics who have another horse.
Bitcoin is backed by tulips.
This is a serious response.
What I mean by that is nearly the exact forces that took tulip prices to the moon 4 centuries ago are doing the same with bitcoin.
Re: Dakardii's topic
** 22-Jan-2021 World View: Understanding Bitcoin
You're absolutely right! This time it's different!
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Re: Dakardii's topic
DaKardii is at least trying to figure out potential problems, as all of us should - and yes I already did this and that's why I am a bitcoin bull - I have done my homework. So I will answer DaKardii: The consensus and network will not allow it meaning it would be an entirely new creation = not bitcoin = not happening.DaKardii wrote: ↑Thu Jan 21, 2021 4:21 pmSure. But what happens if the algorithm is altered? Not in isolated instances (i.e. hackers), but in general?John wrote: ↑Thu Jan 21, 2021 4:06 pm** 21-Jan-2021 World View: Bitcoin Protocol
Actually, the mathematical algorithms behind Bitcoin do not permit anDaKardii wrote: ↑Thu Jan 21, 2021 3:56 pm> I see what they creators of bitcoin are trying to do here, and I
> commend them for thinking outside the box. I'll admit that I
> underestimated them in that regard. But there's still a lingering
> issue: the "Bitcoin Protocol" is a man-made law. In theory, it
> could be changed at any time. The same cannot be said regarding
> gold, an element whose finite amount on Earth was determined eons
> ago by forces that mankind cannot change.
expansion beyond the 21 million. In that sense, it's like gold, and
that was the specific intention of the original reclusive implementor
of Bitcoin. That's been one of the primary motivations for Bitcoin's
popularity, as compared to gold, and as contrasted to so-called "fiat"
currency.
Or am I overthinking things here?
And by the way, soon the stock to flow for BTC will be greater than gold. If you don't know what that is, look it up. Also note that however unlikely you think it is, gold can be in other parts of our solar system. Haha, bitcoin can't.
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Re: Dakardii's topic
You are presuming they are the same paradigm with your joke, which is incorrect. You think they are the same scenario, so you apply tulips to BTC as tulips 2.0 = you don't understand what it is. Therefore, "this time" makes no sense.
Even DaKardii, a skeptic, likely knows better than comparing tulips to BTC. It's laughable.
Re: Dakardii's topic
That's what I said. This time it's different. Nothing to worryCool Breeze wrote: ↑Fri Jan 22, 2021 4:31 pmYou are presuming they are the same paradigm with your joke, which is incorrect. You think they are the same scenario, so you apply tulips to BTC as tulips 2.0 = you don't understand what it is. Therefore, "this time" makes no sense.
Even DaKardii, a skeptic, likely knows better than comparing tulips to BTC. It's laughable.
about.
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Re: Dakardii's topic
It's absolutely correct to compare bitcoin to tulips and It's no joke. I understand perfectly.Cool Breeze wrote: ↑Fri Jan 22, 2021 4:31 pmYou are presuming they are the same paradigm with your joke, which is incorrect. You think they are the same scenario, so you apply tulips to BTC as tulips 2.0 = you don't understand what it is. Therefore, "this time" makes no sense.
Even DaKardii, a skeptic, likely knows better than comparing tulips to BTC. It's laughable.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
Re: Dakardii's topic
** 22-Jan-2021 World View: Global financial crises
grows through massive creation of money through securitization of
debt, and the bubble collapses when things like margin calls cause a
chain of bankruptcies. The major major debt bubbles are:
* How money is "created": Securitization of debt
* Tulipomania - 1637 - Tulip future shares
* South Sea Bubble - 1721 - South Sea shares
* Bankruptcy of French Monarchy - 1789 - 'assignats'
* Panic of 1857 - Railway Shares
* Panic of 1929 - Foreign bonds and stock shares
* Panic of 202? -
** The bubble that broke the world
** http://www.generationaldynamics.com/pg/ ... 071009.htm
Global financial crises have their own repeating cycles. The bubbleHiggenbotham wrote: ↑Fri Jan 22, 2021 4:41 pm> It's absolutely correct to compare bitcoin to tulips and It's no
> joke. I understand perfectly.
grows through massive creation of money through securitization of
debt, and the bubble collapses when things like margin calls cause a
chain of bankruptcies. The major major debt bubbles are:
* How money is "created": Securitization of debt
* Tulipomania - 1637 - Tulip future shares
* South Sea Bubble - 1721 - South Sea shares
* Bankruptcy of French Monarchy - 1789 - 'assignats'
* Panic of 1857 - Railway Shares
* Panic of 1929 - Foreign bonds and stock shares
* Panic of 202? -
** The bubble that broke the world
** http://www.generationaldynamics.com/pg/ ... 071009.htm
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Re: Dakardii's topic
Even a 3rd grader knows that a trustless payment system, semi anonymous, that has features of the hardest money ever created is not a plant in the ground that decays. So please tell me what a tulip shares with BTC, since I shouldn't have to oppose your ludicrous comment - on its face it is preposterous. Seriously, do you even know the characteristics of money? This is embarrassing.Higgenbotham wrote: ↑Fri Jan 22, 2021 4:41 pmIt's absolutely correct to compare bitcoin to tulips and It's no joke. I understand perfectly.Cool Breeze wrote: ↑Fri Jan 22, 2021 4:31 pmYou are presuming they are the same paradigm with your joke, which is incorrect. You think they are the same scenario, so you apply tulips to BTC as tulips 2.0 = you don't understand what it is. Therefore, "this time" makes no sense.
Even DaKardii, a skeptic, likely knows better than comparing tulips to BTC. It's laughable.
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