Try the logarithmic for the last 8 years:"Prove me wrong next...

  1. 898 Posts.
    Try the logarithmic for the last 8 years:


    https://hotcopper.com.au/data/attachments/1394/1394025-a64a294aa281a40867c1ab62bc715ccd.jpg


    "Prove me wrong next year."


    I've been proving people wrong again and again on this forum year after year, get in line. Your tulip chart goes for 3 years, my chart goes for 8 years. Responding to people posting this garbage is like responding to escaped mental patients screaming about aliens in their hair. Mentally challenged Keynsian economists who compare tulips to Bitcoins clearly struggle on the following basic concepts:


    * Subjective Value - Claim that they can't see the 'intrinsic value'. However will schizophrenically 2 weeks later claim that they comprehend the subjective value concept. The RBA is essentially a Fawlty Towers rerun.


    * Demand for confiscation resistance - The ability for money to no longer be a confiscatable physical object or physical/digital custodial object (And therefore trivially confiscatable). This additionally applies to inflation confiscation - which is a form of taxation without representation or due process in law. This confiscation resistance is against criminals of the private kind (Eg. Typical house robber), and the public kind (Governments).


    * Open mathematical monetary policy  - Amount of Bitcoins ever produced continue to taper until 21 million have been produced in the year 2140 (Currently 17.4 Million have been produced). This is all completely verifiable on the public blockchain. This is far superior than the current central monetary planning, which suffers from endowing authority on corruptible humans in Government and therefore naturally suffers from misalignment of incentives.


 
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