so market cap and limited you want.



now I get what you meant by replicated, that only means that it cant be counterfeited right? as it sits on a blockchain. but all these coins cant get replicated/counterfeited as they are all on a blockchain. correct? so the "bitcoin cant get replicated" might just be a fancy marketing gag or something? that meant to me that nobody can ever make such a coin and as you see they can.


as you see, you see nothing... doge my ass best coin. only if senior elon flies to mars. wtf is doge still doing there, that thing burned me.


What is the next best coin after Bitcoin?


Tax on profits may apply.

1. Bitcoin (BTC) Market cap: £265.7 billion. ...
2. Ethereum (ETH) Market cap: £127.9 billion. ...
3. Tether (USDT) Market cap: £53.3 billion. ...
4. Binance Coin (BNB) Market cap: £37.8 billion. ...
5. US Dollar Coin (USDC) Market cap: £35.2 billion. ...
6. Binance USD (BUSD) Market cap: £18.06 billion. ...
7. XRP (XRP) ...
8. Dogecoin (DOGE)

Top 10 Cryptocurrencies In December 2022 – Forbes Advisor UK

I wasn't referring to double spending, I was referring to the long, slow trudge bitcoin made, hardening itself to its current state. That can't be replicated again.

Few.

now that the twitter files exist. I can say that this site also is FBI/state controlled. Yup. Its obvious. since preblackfriday. Spooked right out. Hi guys!

before snowden you couldn't say on forums that the government spies on its own people. and before musk you couldn't point out 2p2 is a spooky place. now you can

did you all know that you can't say **************** here?

https://forumserver.twoplustwo.com/s...1&postcount=93

its been like 10 years. censorship of speech

spooked out

Why can't it be replicated?

because you can't replicate hash rate. and thats why ur a spook and everyone believes me and not you.

its what szabo calls unforgeable costliness. and its why you can't fool people into thinking you are intelligent and I am not. play by the rules or ill doxx your ass.

People said you can't replicate and compete with an existing social network because of first-mover advantage and network efforts. Then TikTok came. Limited imagination and ignorance of history.

you can copy the code but you can't copy the hashpower dipshit. go away.

ur a state agent, im doxing you. go away.

where is that video you posted of yourself? thats you. ur a state agent.

hashpower can't be copied fbi agent.

It's an agreement, but it's so central to what defines Bitcoin, having been one of the most central aspects that made people invest in and dedicate their time to it, that changing it is impossible in practice.

You can change it today if you want, it's just a line of code, but that just means that you and I have different definitions of what Bitcoin is, and you will have hard forked off my chain and the chain that everyone else is using. If there is a strong movement in the future to change the supply limit, e.g. to a perpetual 2% per year increase, then there could be a fork where some people use either chain, but the real Bitcoin will never change its supply cap, and the new version will not be Bitcoin.

Furthering on this, in relation to the 21m discussion. Users are what give bitcoin value.

If the 'small' set miners fork to some different chain, if nodes don't follow, they'll have a tough time. Even if nodes do follow, if users don't value that chain, it will eventually cease to exist.

There's been tons of forks in the past and we've seen how the minimally supported chain ends up.

BCH - dust
BSV - total dust
All the other varieties - nothing but a short period of free money and a ton of worthless bag holders.

Same with on Ethereum.

ETH Classic - dust
EthPoW - dust
ETH Fair - dust

The masses are what determines which chain has value. Miners/nodes follow the users. I'm hard pressed to seeing users support a change from 21M. It's certainly not my most strongly held view and it could even be beneficial if it eventually does change.

The counter argument to that is then the 21M scarcity meme dies and it becomes an ever changing protocol due to human intervention like ETH and other chains. For this reason I don't think it should change. There are 8 decimal places to work with. Lots of room for 'expanded' supply. If anything could fork to increase decimal places at some point.

I am not convinced that a finite, 21M supply is optimal, but I am convinced it will not change. I think Bitcoin will make one hard fork, or perhaps two if one is needed to deal with quantum computers, and I think they will be as uncontroversial as possible. Don't think controversial hard forks are possible anymore.

Couldn’t many central banks buy bitcoin if a fork would happen to increase bitcoin numbers ?
Increasing bitcoins number should reduce volatility ?
That fork couldn’t die if been use by central banks aka cbdc

ya we could add 3% inflation. but if you think about it why not add 3/2%?

BTC advocates not only think BTC will be widely adopted including by countries and banks but that since its supply is finite, the price of BTC will leap into the millions of $$$ to support this broader adoption, which will be transactionally possible by the fractional basis of a BTC/satoshi. It's the squatter investment theory of crypto fantasy - sit and they will come.

Hasn't the market essentially shown that it just wants to chase shitcoin gains and has no real desire for transactions? With 2 cycles of shitcoins being wiped out, it doesn't seem like the act of them being wiped out matters in the slightest. If anything it's just the opposite, the shitcoins going to near 0 creates that much more greed in the next run up. Bigger rags to riches stories.

So as long as we can create infinite shitcoins to eat up liquidity, how does BTC get to 1M? I'm just asking honestly what that might look like. Because a 1M BTC means ETH's the same or bigger, and shitcoins worth 10's of thousands. Where is all this money coming from?

As a starting point for the conversation, correlations change. I think it’s hard to say what series of events would lead to BTC 1M. But…

-hyperinflation
-widespread use as money (for transacting)
-continued corporate and / or government and / or CB investment as a balance sheet asset

None of the above seem unreasonable to me. The transacting one probably still has some hurdles to overcome. But maybe lighting is right there…IDK, I’m not very informed.

Where is the hyperinflation going to come from in the next 30 years? Sure, inflation is pretty bad right now. But I know you know the state of most population pyramids. Wicked inversion. If anything we'll see things cool off pretty significantly (in stocks, crypto, economic output).

Most of the countries with demographic issues like that are well past the point of no return now too. I just don't see the epic catalyst all the inflation doomers call for.

Transacting seems like a far fetched dream because we're deep into the hodl/riches phase. That one seems the most doomed.

Your third point, I guess we'll see. As others have pointed out the system has plenty of reasons to not want to change. That strikes me as a serious hurdle to BTC 1M. The interesting exercise is what does the world look like at BTC 1M. To me it would be a disaster. Obviously I'd rather be rich than poor in that disaster. But a disaster nonetheless.

This has prob been answered over and over, but like Rafiki said - what happens at hyper BTC when so much of the supply is hyper concentrated? Like Saylor becomes ruler of the world or something?

I think saylor is leverage for those bitcoins ?

https://canadatoday.news/ca/microstr...e-sale-206902/
“All in all, as of December 27, MicroStrategy held about 132,500 bitcoin, worth more than $4 billion. The company paid an average purchase price of $30,397 per bitcoin.



“Given MicroStrategy’s $2.4 billion in leverage, we believe the company may be over-leveraged for Bitcoin and may face some liquidity risk,” Jefferies analyst Brent Thill wrote in a note Wednesday. Thill has an underperform rating on the shares and a price target of $110.”

I guess will see how long the fed holds up .

I wonder what happens if:
-the petro dollar disappears
-a hot war breaks out between the US & China/Russia
-CBs decrease exposure to USD as a reserve asset

All of this would be quite inflationary. Also, I can’t predict the next subprime / COVID crisis. But something seems to happen about every ten years. A cynic might even say that some crises were manufactured, perhaps in part as an excuse to print money — thereby decreasing the real burden of the debt.

Also, UBI would be quite inflationary. Bernie Sanders or some other crazy dem as president (o, wait…) would be inflationary.

You guys were talking about hyperinflation. Isn't hyperinflation throughout history mostly the opposite scenario though. It's often monetary panic in the face of massive deflation from depression. The economy can't get out the depression so they keep desperately printing. Or the economy is just in recession after recession and the bond market and currency market don't believe the country can service the debt and that spirals the currency out of control like the 1970s almost did to the dollar before Volcker saved it. Hyperinflation usually happens to dying regimes and 3rd world countries that have little to no economy. It's like if Covid happened and they kept it locked down for years and years and printed 10 times what they did. Then you get hyperinflation. I don't see how it can happen to the USA because of the diverse economy or any developed country nowadays. Would have to be some kind of major black swan that's not likely. Thread might be getting alittle off topic though this should be just bitcoin here.