You are viewing a single comment's thread from:

RE: Secrets of Bitcoin’s Dystopian Valuation Model

in #bitcoin5 years ago

Wow! Much clearer to me now. Thanks. I did read this:

Contrary to conventional and popular thought, the taking of the SegWit donations and kicking off the idiot snowflakes who believe cryptocurrency is a democracy, will actually increase the valuation of Bitcoin or at least not interfere with its S/F valuation march higher. Reason being that minions will be kicked off of Bitcoin anyway. And enriching the miners means more energy expended on mining, which in the S/F valuation model means a faster rise in the market cap and price. Thus all the value that was perceived to be in Bitcoin Core will be sucked into Bitcoin sending Core towards 0 and Bitcoin up even faster.

But it didn't make sense to me until now. HSIOW on the grand crypto timing scheme of things; this will be absolutely epic when it happens. I'm hoping that you've made a mistake somewhere that could derail from this prediction, but I'm 90% sure you are correct.

Interesting that @tonevays says that the bull market won't arrive until all the shitcoins die, but his numbers are far below most predictions (saying 3K for a low in 2020 and not until 2024 we see >$100K. I suspect that he's a Core supporter and not aware of this flaw in P2SH.

One thing's for sure, the tech oligarchs (Google, Amazon, FB, etc) are all buying into bitcoin right now. They're paying higher prices than you or me, but they have a lot more money to do so too. To them 8K is but what a penny is to us. They may end up owning nearly all of the original BTC while trying to shove their FB GlobalCoin Keynesian economic model down our throats. Amazon has already made serious inroads to seizing the means of production from which they can implement capital controls.

The big picture now makes sense to me. Know of a good bitcoin citadel?

Sort:  
Loading...

Coin Marketplace

STEEM 0.30
TRX 0.12
JST 0.034
BTC 64136.70
ETH 3128.20
USDT 1.00
SBD 3.94