Sschellbach

your chart has a couple candles, but doesn't address my point that very little volume was transacted at 20k. People aren't going to stop storing value on the Bitcoin network, so I suggest you lighten up

have you read the whitepaper? Bitcoin solved doublespending and is the best implementation of digital cash in a long line of innovation. in a way all monies are pyramid schemes. You don't think maybe you're being naive for dismissing a clear breakthrough?

Sure. If you have a serious amount of savings, the best approach to balance security and practicality is to protect your coins using multisignature, or multisig. https://en.bitcoin.it/wiki/Multisignature

Do you actually think there was a lot of volume for Bitcoin at 20k? A handful of people even bought Bitcoin at the 20k level. It was only trading at prices that high for a few hours

If you want to secure your current wealth by saving, the fiat standard is not for you. Bitcoin is saving technology

you support censoring technology topics on a technology forum?

Dollar cost average into Bitcoin with swan swanbitcoin.com/swym

This is just pressure to ensure Bytedance sells to Microsoft

I don't think I ever claimed to have solved any problem, just provided context for Bitcoin as a solution to the Cantillon Effect which is objectively a driving force for wealth inequality.

This isn't opposite, its closer to a root cause than an opposite term. Anyway, supply and demand govern all prices, I wasn't arguing against such basic economic tenants. I'm just pointing to what inflation is and that is an expansion of money supply.

Calling early price discovery leg down for Bitcoin hyperinflation is dishonest at best. Even ironic as hyperinflation occurs when there is a continuing rapid increase in money supply.

If that was hyperinflation, what would you call Bitcoin's 150% leg up between December 2018 and today?

"Inflation, as this term was always used everywhere and especially in this country, means increasing the quantity of money and bank notes in circulation and the quantity of bank deposits subject to check. But people today use the term `inflation' to refer to the phenomenon that is an inevitable consequence of inflation, that is the tendency of all prices and wage rates to rise. The result of this deplorable confusion is that there is no term left to signify the cause of this rise in prices and wages. There is no longer any word available to signify the phenomenon that has been, up to now, called inflation. . . . As you cannot talk about something that has no name, you cannot fight it. Those who pretend to fight inflation are in fact only fighting what is the inevitable consequence of inflation, rising prices. Their ventures are doomed to failure because they do not attack the root of the evil. They try to keep prices low while firmly committed to a policy of increasing the quantity of money that must necessarily make them soar. As long as this terminological confusion is not entirely wiped out, there cannot be any question of stopping inflation." - Ludwig von Mises

Your 60% drop claim is rather vapid considering I could pull any other arbitrary time horizon and give you a massive increase in purchasing power.

I'm living in the US and have seen inflation my entire life in nearly every direction. Looking at tuition, real estate, gold, equities and more!

You have confused monetary inflation and price inflation. I'm talking about monetary inflation as per https://en.wikipedia.org/wiki/Monetary_inflation

wake up. real inflation in the US has been closer to 8%. Look at real estate, equities, gold. you can't see it coming, all fiat ends with hyperinflation

I'm on HN. I like Bitcoin. Surely, I am not alone

For every Capone there are thousands of people you never heard of successfully evading taxes

The supply of dollars is a function of the monetary policy. Are you suggesting you can predict what M2 will be in 5 years, or even 6 months? Please share your expectation.

You are pointing to price volatility. The comment is talking about inflation. Price discovery occurs in all markets with varying degrees of volatility. Speculative bubbles, crashes, etc result occur when new information causes price discovery. Its an ongoing process in an ever-changing world. Inflation is specifically price increases from change in the amount of money in a system. The delta in money supply for Bitcoin is entirely predictable and that was the claim

Im a 28 year old in US 1) i dont use plastic or pesticides in my garden. I use geopots and living soil 2) never used peat 3) collect rainwater

I eat 3 to 4 meals a week that largely feature produce from my garden for 8 months of the year.

This can be replicated without exasserbating any of the valid issues you noted.

Industrial agriculture is a scourge.

Grow your own food yall.

Is bitcoin an option worth comparing

maybe maintaining that ledger is more productive than you suggest

my conspiratorial reaction to all these conspiracies about paul le roux is that this is propaganda to defame bitcoin by driving a narrative that bitcoin was created by a convicted vicious crime boss and informant. im not buyin

San Francisco

Data Engineer

Node - Python - MongoDB - PostgreSQL - AWS - Heroku - Keras - Tensorflow - Pandas - Scikit-learn - R

Resume: 2 years Founder @ Coinward, 3 years Product Manager @ Vertafore.com, 3 years Analyst @ Bimini Biological Field Station

Computer Information Systems & Management BA from University of Miami

Graduate of JHU Data Science Toolkit Mooc and School of AI Machine Learning courses

Email:Sschellbach@gmail.com

Runs out of steam at valuation paradox. I wrote a little bit about the sources of value here coinward.substack.com

I wrote this and am commenting for context. I'm hoping to find those who get why its important and possess the skills and capacity to get this up and running.

Cheers!

I'm interested https://www.linkedin.com/in/sschellbach