Are you familiar with bitcoin's inflation protocol and how mining works?
I'm not sure what you mean by an "inherent" advantage. Bitcoins will continue to be mined for another hundred years. After that it will be the same 21 million coins circulating forever, minus any coins that are lost due to lost keys. Miners will still make money, but it will all have to come from transaction fees.
Are you familiar with bitcoin's inflation protocol and how mining works?
Inflation protocol is designed to ensure the coins don't lose value by being created in abundance and hence reduces the amount that can be mined every 4 years or so. What I am talking about is the opposite - the apparent increase in value, not loss of value and hence this is not relevant to my comments.
I'm not sure what you mean by an "inherent" advantage.
There are many many factors at play here, but it all boils down to the fact that bitcoin never managed to shake off the shackles of the CB economy from the get go. Simply put, not all coins are equal. And this is a function of the amount of money pumped by the Cabal into the bitcoin ecosystem, and hence bitcoin never saw the taste of free market.
That does not mean bitcoin cannot actually free itself. But to do that a few things need to happen:
People using bitcoin should stop using exchanges
Everyone should use on-ramp and off-ramp that are pure barter. Not using FERNs.
Bitcoin price must be strictly market discovered. If exchanges or Fed pumps money, immediately it should be possible to arbitrage this and bring the prices back to the market price (which should be based on the energy cost and currency demand)
All sellers should use bitcoin as the primary currency unit. So a price of a meal or a TV or anything else should not be dependant on the FERNs, just bitcoin.
If all these things happen, you will see a sudden correction in the Bitcoin price, and as a result the inherent advantage will be wiped out. But at that point it does not matter whether you use bitcoin itself or a better implementation.
Are you familiar with bitcoin's inflation protocol and how mining works?
I'm not sure what you mean by an "inherent" advantage. Bitcoins will continue to be mined for another hundred years. After that it will be the same 21 million coins circulating forever, minus any coins that are lost due to lost keys. Miners will still make money, but it will all have to come from transaction fees.
Inflation protocol is designed to ensure the coins don't lose value by being created in abundance and hence reduces the amount that can be mined every 4 years or so. What I am talking about is the opposite - the apparent increase in value, not loss of value and hence this is not relevant to my comments.
There are many many factors at play here, but it all boils down to the fact that bitcoin never managed to shake off the shackles of the CB economy from the get go. Simply put, not all coins are equal. And this is a function of the amount of money pumped by the Cabal into the bitcoin ecosystem, and hence bitcoin never saw the taste of free market.
That does not mean bitcoin cannot actually free itself. But to do that a few things need to happen:
People using bitcoin should stop using exchanges
Everyone should use on-ramp and off-ramp that are pure barter. Not using FERNs.
Bitcoin price must be strictly market discovered. If exchanges or Fed pumps money, immediately it should be possible to arbitrage this and bring the prices back to the market price (which should be based on the energy cost and currency demand)
All sellers should use bitcoin as the primary currency unit. So a price of a meal or a TV or anything else should not be dependant on the FERNs, just bitcoin.
If all these things happen, you will see a sudden correction in the Bitcoin price, and as a result the inherent advantage will be wiped out. But at that point it does not matter whether you use bitcoin itself or a better implementation.