RE: BTC miners are finally throwing in the towel!
Regarding the market telling me things... it tells me things in how it has built the infrastructure.
How does the market tell you that?
literally thousands of altcoins claiming to be better than bitcoin in different ways over the course of roughly 8 years.
Which "altcoin" existed 7 or even 6 years ago?
The fact that bitcoin is merely software that can be upgraded and updated at any time likely is a big part of this. What bitcoin lacks today, it could have as a feature tomorrow, ya know?
You mean that it can turn from a wasteful POW blockchain to a DAG, or that it can become inflationary like Steem, or both?
Bitcoin doesn't have to break into mainstream as a payment option to make it a wildly successful investment.
This is obviously and evidently true.
I wrote previously about endowments moving in, pension funds will be next. They will take a 1-3% allocation in bitcoin because it is not controlled by any government and it is not correlated with any other financial assets.
What are endowments?
Pension funds will not be allowed to do it, the same way that they are forced to loan money to tycoons whom bribe judges to default on their debts and bribe politicians and regulators to force the pension funds to buy their debt again and again.
With that being the only driving force, bitcoin could still reach new highs even if it has nothing else going for it, though it likely will have other advantages as well.
If so, why are you not buying it like crazy now at a discount?
Where to start...
I just told you that namecoin was created in early 2011, close to 8 years ago at this point.
The market tells me that because if there were a better option, the market would use it!
You do know that bitcoin is inflationary as well right, as are most cryptocurrencies?
Endowments = https://cointelegraph.com/news/report-harvard-stanford-mit-endowments-all-invest-in-crypto-funds
Endowments were not allowed to buy it at first, just like pension funds weren't. They all will be soon, a bitcoin ETF is the final hurdle.
I am buying it hand over fist. I have been buying all the way down actually.
And I just missed it.
So if the market tells you that Bitcoin is better than Byteball, then it is true?
Only in the sense that its available quantity still increases, but so far, it is still assumed that it has a finite eventual quantity, so it is not really inflationary.
Not that it made me know what endowments are, but it made me know better what you wrote about.
Not according to you:
https://steemd.com/bitcoin/@jrcornel/re-clumsysilverdad-re-discernente-re-jrcornel-terrible-day-in-the-crypto-markets-20181119t234613762z
Yes, the market has decided that bitcoin is more valuable than byteball, and I agree with it.
You do know that it doesn't run on a blockchain right? They aren't really even comparable.
In terms of security, they are in different leagues, actually not even different leagues, different universes.
In regards to inflationary, I would say something that is going to increase in supply tomorrow vs. today is considered inflationary, in fact that may be the very definition of it, though we are splitting hairs here.
Whether you understand what an endowment is or not is not my problem, it is not my job to educate you. You have a wealth of information at your finger tips with a few key strokes and a search engine.
Have fun!
Ha, yes I have been buying it all the way down from 12k down to 6k and everything in between. I actually just bought a few more yesterday around 4k. Is that ok with you or does me pausing 12 days ago when it broke 6k on my buys until I saw a bounce, mean I can never buy again?!
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