Please don\u2019t pay any attention to this posting. It is not for you\u2026 *<\/p>\n
This graph presents indisputable fact: It compares US dollar growth as reported by the US government and Bitcoin growth (for all time), extrapolated by pure math.<\/p>\n
I wish that this would put to bed the fake news, conspiracy theories, and \u201cnothing backs it<\/em>\u201d nonsense. Unfortunately, seismic shifts in architecture or process take time for society to understand and accept. Early adopters will be the fortunate buckos. Timid or clueless denizens will complain bitterly about the unfair advantage of those who wise up before it hits a 6 figure exchange rate. Eventually, comparisons with legacy currencies will be utterly meaningless. It will become the currency. It will be the gold-pressed latinum of universal recognition and intrinsic value.<\/p>\n 15 years from now, some will look back on our era and claim that the Winkelvoss twins were lucky. Risk, patience and an understanding of economics is not \u2018luck\u2019. They have the gift of prescience<\/a>.<\/p>\n Bitcoin cannot be manufactured. Despite it being open-source and easily copied, it is very unlikely to be displaced by an altcoin or ICO. The fact that there will never be more than 21 million original bitcoin presents incredible opportunity to the frugal and wise\u2014for a short time.<\/p>\n * Hopefully, few people will heed the siren call. Investing is Bitcoin might be good for you, but it is bad for the community. How so?! The more that individuals or institutions hoard, speculate or invest in Bitcoin\u2014as opposed to driving adoption by actually using it\u2014the longer it will take<\/a> to gain traction as a functional payment instrument, or as the money itself.<\/p>\n So, this article is not for you. Move along. These aren\u2019t the droids you\u2019re looking for.<\/p>\n <\/i>Philip Raymond<\/a> sits on Lifeboat\u2019s New Money Systems board. He co-chairs <\/i>CRYPSA<\/i><\/a><\/span>, <\/i>hosts the <\/i>Bitcoin Event<\/i><\/a><\/span>, publishes Wild Duck<\/a> and is keynote speaker at global <\/i>Cryptocurrency Conferences<\/i><\/a><\/span>. <\/i>Book a presentation<\/i><\/a><\/span> or consulting engagement<\/i>.<\/p>\n Credit: (title & image): Peter Bergstrom Please don\u2019t pay any attention to this posting. It is not for you\u2026 * This graph presents indisputable fact: It compares US dollar growth as reported by the US government and Bitcoin growth (for all time), extrapolated by pure math. I wish that this would put to bed the fake news, conspiracy theories, and \u201cnothing [\u2026]<\/p>\n","protected":false},"author":353,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1318,1761,39,24],"tags":[2930,2161,2647,3048,1884,2972,3049],"class_list":["post-78684","post","type-post","status-publish","format-standard","hentry","category-bitcoin","category-cryptocurrencies","category-economics","category-rants","tag-altcoins","tag-bitcoin","tag-bitcoin-investment","tag-bitcoin-speculation","tag-cryptocurrency","tag-ico","tag-peter-bergstrom"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/78684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/353"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=78684"}],"version-history":[{"count":7,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/78684\/revisions"}],"predecessor-version":[{"id":79141,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/78684\/revisions\/79141"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=78684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=78684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=78684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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Did you catch the omage to both Star Trek and Star Wars? Look again
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