I am happy to answer any specific questions that anyone has about bitcoin. In this thread or PM if youd like. A common misconception that I see in this thread is an overemphasis on "bitcoin isnt 'accepted' many places". Bitcoin is definitely a payment network, dont get me wrong. But bitcoin is more ...

I believe the gold portion of your post is how Harry believed it as well in some of his radio shows. Gold as the world's second favorite money next to USD. People go to gold during uncertainty and gold doesn't necessarily follow inflation except when inflation numbers are high.

Ive posted before, but maybe it is worth another try for a Slack group.

https://permanentportfolio.slack.com

You can signup here:

https://permanentportfolioslack.herokuapp.com/

Not a forum style with threads but can have a room for gold/bonds/etc

MachineGhost wrote:They don't disclose the algorithm, but:



http://www.alfaquotes.com/

Dont buy all the BTC at once, MG, youll drive the price up.

I do think that given the hasing power and electricity used that in combination with regular difficulty increases and a fixed amount of Bitcoins to be mined, one could arrive at a fair value estimate. Have you seen anyone attempt to do this? The amount of money people are putting into the hashing p...

So bitcoin is not a _buy_ for MG then?

I was referring to all of the me-too cryptocurrencies that don't offer anything that Bitcon doesn't (well other than a fancy name), i.e. Litecoin. "Me too" vs actual innovation is all subjective, I guess. Zcash adds to fungibility. Litecoin adds faster confirmation times and a different mining algo...

Jack Jones wrote:I started following it around the $10/BTC mark. I considered buying some back then, but it seemed like a bad place to invest my money, and it still does.

Perfectly reasonable stance:
Rule #9: Don't ever do anything you don't understand.

I grow increasingly skeptical any of the me-too alternative currencies will be major players judging by their xxx/USD value, but ZeroCash is truly anonymous and just launched. I suspect going forward that the emphasis will be less on being a cryptocurrency and more on the specific benefit they prov...

What I tell myself to make myself comfortable with bank storage is that the gold is for re-establishing myself after the panic is over, which may be months down the road, when the banks presumably will have to re-open. The gold won't be much use during the panic itself. What you want during the pan...

I think fungibility is the biggest concern and should be the biggest effort in the coming years.

Coinjoin, MimbleWimble, Confidential Transactions, Ring Sigs, Zerocash.

All ideas being tossed around to solve the fungibility problem. There is hope on this front.

I think sidechains will address the "bitcoin doesnt have any new features" concern.

I think that lightning network will address the "bitcoin cannot scale beyond 3 transactions per second" concern.