time to exit all cryptocurrencies imo, page-309

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    Again you misunderstand the original purpose of BItcoin it was never seen as a replacement for healthy currencies it can be used to buy a coffee at various places using the lightning network (it is fast and simple with lightning anyway ) but  use will be limited  because people see no need .It is used much more in situations as a replacement for local hyperinflated currencies  in   such as venezuala at the moment where   you have this situation. 


    Hi guys, the low volume was because of Christmas and New Year Eve (Here 24,25,31 DEC and 1JAN are non working days).

    It is crazy how the price rise daily. There is a traditional bread here, with olives, raisins and smoked ham. Mid November price was around 2,500 BsS. (Bolivares soberanos) now it is around 7,000 BsS.

    Every day you need even more money (USD) to live. Inflation surpassed the exchange rate.

    https://www.bloomberg.com/features/2016-venezuela-cafe-con-leche-index/

    https://coin.dance/volume/localbitcoins/VES/BTC


    The manifest of the original cypherpunks who worked with nakomoto on creating it was anarchistic  creating the crypto anarchist movement .I suspect but dont know  influenced by the linguist and philosopher Noam Chomsky


    http://groups.csail.mit.edu/mac/classes/6.805/articles/crypto/cypherpunks/may-crypto-manifesto.html


    Before you write them off as a bunch of nuts  think on this the internet today as we know it would not exist without their work .

    Tim May himself solved a major problem with integrated circuits  which kept blowing up

    As an engineer, May was most noted for having identified the cause of the "alpha particle problem", which was affecting the reliability of integrated circuits as device features reached a critical size where a single alpha particle could change the state of a stored value and cause a single event upset. May realized that the ceramic packaging that Intel was using, made from clay, was very slightly radioactive.[3][4]Intel solved the issue by increasing the charge in each cell to reduce its susceptibility to radiation[5] and adopting plastic packaging for their product



 
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