There IS an Endless supply of Bitcoin !
This should grab the attention of those Bitcoiners out there. Now, let me explain myself.
Just as there is an endless supply of dollars because the politicians can just print more as they want to, there is also an endless supply of Bitcoin because the developers can simply write the software to accommodate a new divisor of the Satoshi. If they run low on Satoshis, they can create a divisor called the "Liber" where 100 "Libers" equals one Satoshi. (I just made up the term "Liber" for this article. )
Creating a new subdivisor for BTC can aid in the usefulness of the money, but NEVER create inflation.
Printing more dollars is ALWAYS a deceitful economic disaster.
There WILL ALWAYS be enough Bitcoin to go around and it will always hold its value, and even go up with human innovation. There will always be too many dollars and they will continue to steal from all people.
Even though there is only 21 million Bitcoin for 8.5 billion people, there will always be plenty because of its infinite divisibility.
Dan
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The Constitution, Atlas Shrugged, bitcoin, psychological warfare, Biblical truth.
What if you were a military commander and you were ordered to build a cyber-social-viral- economic- super weapon that would organically spread all over earth and slowly kill centralized socialist entities all over earth? What if you had a massive, brilliant, well funded staff that had the time and resources to build this type of thing? How would you initially test this software ? Would qou want it evenly spread over the earth? Would the enemy fight this ? What would you call this weapon? Bitcoin?
What will they call the new divisor of Bitcoin once the Satoshi reaches parity with the USA penny ?
Most people don't realize just how fast this can happen. When it does, I think we should be ready with both the software upgrade and the name for the new divisor. If I had to toss a name out there for consideration, it would be "Liber". Libertas is Latin for freedom and the Liber is just a shorter masculine version of that word. The "Liber" is easy to say and has basic meaning for all humanity.
Does anyone have and idea ? Or agree with me ?
Let's get this thing named so we know what to call it and can start planning.
Thanks.
I just got off the phone with my software engineer who also has a PHD in applied physics. He is autistic as they get, and still "normally" functions. I had told him to please solve the "Quantum" problem that Bitcoin will possibly have. I said, I'll get back to you in a few days. His only response was, "what time on Friday? ". I said noon.
So, When I called him, He said " I have good news and bad news". This was uncharacteristic of him because he never displayed humor. I said, give me the bad news first. He said, ok, we will have to slow it down and heat it up ! I asked slow down what ? He said they'd have to slow block speeds down by ~10%, slow Node speeds down by ~25%, replace the chipsets on all nodes over time with an "ASIC style" chips, and it would help to increase the number of Nodes by 400%. He said that simple layer of an additional energy consuming proof of work protocol can, and will, eliminate the Quantum Compute threat for good. He said the new nodes could easily be a consumer level, "plug and play, inexpensive devices, that could also be used for any number of other tasks needing security.
When I asked him, "what's the good news", he said, he is buying a load of bitcoin.
They can, and will, debase the USA dollar because 99% of then people are clueless as to how the money system works. The banking criminals know they can hide in the populaces' ignorance. The politicians will inflate/debase the currency because its their only survivable choice. They will debase the currency because that has been done successfully for the upper classes for the benefit of the 1400 years. Huge inflation is coming. Learn how to prepare, or get mowed over.
So gold and silver are on a analog money run....NOW for digital money, the essential type we use for high speed settlement over vast distances as well as credit card purchases at our local shops. That type of money is at its more simple definition, a ledger. When the banks held people's gold, it was simply on a ledger. We know how THAT STORY ended with the banks being trusted with the ledger.
So, the world will NEED and must have a digital, high speed money on a TRUSTED, decentralized, immutable ledger, that no-one person, bank , country or even military can control. The money must have a fixed supply, algorithmically set, back by electric power.
This is where the " iPhone of money" of money comes in, Bitcoin. EVERY major nation on earth is now engaged in a Bitcoin treasury. The protocol is growing at the "network" growth rate, or power curve rate. At a 2 trillion market cap, it's size says it unstoppable because no asset that has reached that size has ever failed.
So, in order to Electronically protect any type of gold or silver backed money ledger, BITCOIN must be used. There is no other way, unless someone wants to travel around with a fat pocket of silver and gold coins in the future.
If Satoshi's goal was to destroy the world's central banks, "they" would have planned to distribute Bitcoin in exactly they way it has been. Its has been VERY equally distributed around the world. This last 6 months distribution has been proof to me.
No one, I repeat, NO ONE, can tell us definitely who have been the "whales" that have been selling the millions of coins this last 24 months. That's a fact. I can say with certitude that much of the selling was at the absolute worst time possible to sell. No one in the right mind would sell the way some of the selling was done, UNLESS, they were purposely trying to get the worst market outcome. These facts are what I do know.
Now given the above facts, what could be the possible motivation ? Vast and low cost distribution could absolutely be one motivation. Who would want that ? Why would they want that ?
What if 17 billionaires from the middle east join up with 50 billionaires from the USA and Asia in a secret meeting in DUBAI. What happens, if on a certain signal, they all at the same time, run massive buys on BTC driving the price up 100% in 24 hours ? How bad will they rip the faces of the pathetic "Wall street banker shorts" ? What if they use a custom A.I. aided attack system to do all this ? What if it's all done in just the right jurisdiction? What if they make it prolonged to the point where it lays waste to about 4 or 5 big banks and venture funds in the process? Is this at all possible ? YES. Is there motivation to do this ? Yes. Is this scenario possible? YES. Will this happen? I'm guessing yes. When would something like this happen ? About now. Buckle up, and DONT take leverage. It's about to get real for J. S.
"Dynamic pricing" poses a dangerous future for the unprepared. Businesses can now adjust prices in real time, for individuals, depending on data they easily gather. They ALLREADY do it with airline tickets. IT is getting where even groceries or Amazon purchases will be priced that way. Insurance companies have used it for years based on zip code. Wall Street brokers have used it in trading to cheat the retail investors.
THERE is only one technology that can get around, or offer a defense against, this dynamic pricing. And, there is only one real money based on that technology, BITCOIN. Bitcoin is partly based on Public and private key encryption. This public/private technology allows some important identifying information to be masked. The identifying information can be masked in a variety of ways with Bitcoin, crypto technology, and blockchain platforms, decentralized servers, and the good old VPN networks. When it come right down to it, Bitcoin is the safest money for privacy ever invented. And, privacy is a main defense against dynamic pricing.
What if you had a big gold bar, safely stored in your house.
What if someone from Washington DC, came into your house and shaved just a little gold off your bar every year ?
You'd be pissed huh? ESPECIALLY, when they said, " don't worry, it's only 3%, it's good for the economy".
This is what they have been doing with the USA dollar, since 1913. Theft is theft