That is hilarious. You put up the post , #43 in this tread...."I started buying in 2013... Blah blah . Put up or shut up.
Whichever is best for them at that point in time(just like today)... There's this thing called "exchange rate"... In case you don't know what it is(given your question, that might be a possibility), I suggest searching it on this site: www.google.com. Humanity has gradually (TOO GRADUALLY, IMHO, BUT STILL...) been going towards freeing itself from government rule... If people that lived under the absolutist rulers were told about democracy/voting they would probably react as you react to ideas like mine now. Yet, today people vote and elect leaders(very badly, I might add, but even so, this is something that would only be in people's wildest dreams about 500 years ago). And even though we have a LONG WAY TO GO(and cryptos will also help a lot in that sense), Trump or Obama cannot sentece someone to be beheaded in front of everybody and when Putin orders someone's death, he HAS to lie about it and say he didn't give the order. Call me an optimist, but these are baby steps towards freedom... So, to me, this is simply the natural path... And technology/cryptos are the (VERY MUCH NEEDED) shortcut in that path...
I wonder - how many bitcoin holders know this - anyone of them can issue JohnDoe coin tomorrow, all 21 million of them, without the stupid mining process. Without costing a penny. Actually if you ask the btc believers - what guarantee there is that btc won't be replaced by an alt-coin... and nobody has an answer, other than 'we did it first'.. Again - Yahoo did it first too. Not to mention the tech giants can crush btc if they see any profit in doing so. The believers are actually naive enough to think one day btc will replace the USD... try it, the banks have guns....just try it. Saddam tried... and a small thing as an oil exchange not in USDs, cost him his throne and life.
Ok, first exchange rate...if one side of the exchange can not be determined you have no FX. But, forget about that....on to 2 Government rule, that horrible mechanism and its departments that: allows you to bite into a hamburger with out the fear of dying Drink water from the tap Fly in a plane with out crashing into another Generally keep civil rest Give premature babies a chance at life Have made advances against many common day sufferings....etc, etc Before you pick this apart...ask any refuge if they would trade their current state of affairs for one under a stable government that you so disdain. Just out of curiosity...do you live off the grid ? Totally self sustained ? Guns and butter type stuff ? If not, you are all fluff.
Not surprised....all hype. You posted your vauge/rambling history with BTC in the thread (post 43) . I just asked for specifics on a topic you initiated.
At what ? I'm not the cheer leader. If you open up the topic don't be surprised it you get called out. Anyway another 10k or so you will be flat.
You're asking me for proof, but that's not something I would do on a public forum which is give personal info. Some people here do it by posting screenshots of their accounts and I'm not one of those people. Coinbase transactions during those times are easily traceable. However, this is a trading platform and cryptos traders trade cryptos. I'll tell you 2 trades that you can verify if you're willing to put in the work or if not, no big deal. Elastic ICO (search on bitcointalk on when it started), price of bitcoin was ~$600, when Elastic coin was released, 1 bitcoin invested in the ICO was worth over 30 bitcoins, $600 to over $150K (bitcoin was around $5K). You say I could have searched and pointed it out, this is where your hard work will pay off because you'll realize it will take you thousands of posts of reading to verify what I just told you above. Tezos ICO when it opened up, 20% bonus, about $0.48 cents each (minimum 5000 to get the bonus) btc price at the time was $3000. Look up the pre-release price of Tezos, it's over $5 each. that's over a 10 bagger in fiat, but only 3.5 bagger in btc terms. It should open higher than that when it releases next month. No one knows the details of above unless you invested, there's just too much noise in the cryptos world.
I recommend you to read this little book: If you're really interested in knowing how you would solve all the problems you quoted AND MANY MORE, you should read it with an impartial and not a communist/government loving mind. As Milton Friedman said once(I cannot remember the exact words, but the idea was this and I agree with him): "I have no problem with government trying to do things. My problem is that it doesn't accept competition and always becomes a monopoly in the area. And because of that, instead of being punished by the market if a better option exists(like any other institution in a free market), by failing and stepping aside to let the better option act, it continues to block competition, to grow, to provide horrible and overpriced services and to waste resources in a huge scale." But on the specific topic of cryptos vs government issued currencies, one thing that always baffles me is this(and even though I say "you" and "I", this should be applied to both sides of the discussion in general): If I'm right and you're wrong. I have no intention or need to prove you wrong. Time will tell. You'll be hurt and I won't have a problem with that, because like in any free market, those who make the worse decisions should lose and the ones ones who make better decisions should be compensated by it. This is how it is supposed to be. Maybe you'll learn it and not make a mistake next time. But if I'm wrong and you're right. You have an almost "pathological" need to "save me" from my "mistake of going into another ponzi scheme"(as so many in this world already did and still do). Which seems highly suspicious. You don't know me after all and you couldn't(or shouldn't) care less if I get fucked by this or not. The logical reaction would be to simply ignore me and "let time show me my mistake", but you and people like you seem to have and continous need to keep bashing this "particular ponzi scheme" over and over again. This always leads me to the logical conclusion that people like you probably have an agenda and, in reality, agree with me, but you simply won't accept that this will happen and in an act of desperation, you try to convince YOURSELF you're right, by continuely doing this in forums like this. In light of all that, this would be the only logical explaination for your attitude.