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Originally Posted by klinton
the bet is not about if someone is tupid or not, if btc will be world's currency in the future or whatever.
the bet is about btc price in the future, thats all.
if you dont take a bet, it means that you kind of suspect that btc may reach suggested price. otherwise u would make a bet and make money.
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the point is that such things that have to do with stupity on one site and high professional intelleigence on the other side are not really predictable.
the bitcoin would never reach the high from the past if some high criminals did not see the chance to make it the best money laundry ever.
I speak about logic and what is predictable generally at the final. I can not say when and how deep it will fall in what timeframe and when the timeframe will exactly be. If I would know that I would be able to make much more money by just betting on the future price.
I also do not want to have a bet in my mind and look every day in something what makes no sense.
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I sadly agree with you....BUT you forgot about one thing: technology can be also pro-privacy . it doesnt have to mean that will be total orwell. i hope so at least
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I think you do not follow this political discussion that is existing since years.
a few years ago they wanted to get rid of all cash and go to 100% cardpayment to prevent black and secret transactions. now they are talking about blockchain because it can be even better controlled and you do not even need a bank for that.
I europe they will get rid of the 500 euro notes in 2019 - why do you think they do that?
It is all about control and less and less privacy.
blockchain is the perfect solution for it not only because it is existing - it have already many many supporters. these supporters will be the tools they need to make all of us transparent.
and yes - than a few of us can print cashmoney again and accept it from each other. we can also limit it and sell the money to each other.
than this would be the same fucking issue.
money can not be printed by privat persons. and it is bullshit to say it is limited because every private person can do unlimited new currencies.
the value of all existing money, debts and credits MUST represent the value of all goods, services and real estates in the world. as soon as more money or alternative currency comes in it would devide this value with a higher number.
so the NATURAL and LOGIC way would be that this currency and ALL OTHERS would fall and not rise.
this is the basic concept of money what you get teached in your first weeks at university when you study about economy. this rule is incontrovertible because it's based on the laws of mathematics.