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Offline BillionaireboyLam

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  • Re: How's Bitcoin's fate?
    « Reply #105 on: August 11, 2019, 07:24:07 AM »
    Well since this is a CM forum i would think that people are on here looking for CM explanations as to whether bitcoin will rise or fall.
    Which is why i recommended @TheModernTaoist Post. He is the only one who seems to have been on subject. Anyone else have actual CM analysis on BitCoin or all just copy pasting things from other websites?
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  • Re: How's Bitcoin's fate?
    « Reply #106 on: August 11, 2019, 10:40:56 AM »
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    If everything in life is measurable, then understanding destiny would be as simple as counting 1, 2, and 3.

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  • Re: How's Bitcoin's fate?
    « Reply #107 on: August 11, 2019, 03:18:06 PM »
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  • Re: How's Bitcoin's fate?
    « Reply #108 on: August 11, 2019, 11:02:26 PM »
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    « Last Edit: August 11, 2019, 11:06:53 PM by tyc »
    If everything in life is measurable, then understanding destiny would be as simple as counting 1, 2, and 3.

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  • Re: How's Bitcoin's fate?
    « Reply #109 on: August 11, 2019, 11:47:35 PM »
    The info is all out there, though.
    I try to avoid topics like this here, as they usually come with very strong opinions on each site, so no reason to jump into that... But as far as info about bitcoin and the blockchain go, there is plenty of info on that. You can check for yourself.

    Bitcoins inventor info here:
    https://en.wikipedia.org/wiki/Satoshi_Nakamoto

    And the white paper is here:
    http://satoshinakamoto.me/bitcoin.pdf

    As we can see in wikipedia:

    Quote
    Except for test transactions, Nakamoto's coins remain unspent since mid January 2009. At bitcoin's peak in December 2017, these were worth over US$19 billion, making Nakamoto possibly the 44th richest person in the world at the time.[22]

    I do like that part. Somewhat gives more noble perspective to the whole thing.

    Online tyc

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  • Re: How's Bitcoin's fate?
    « Reply #110 on: August 12, 2019, 12:03:39 AM »
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    If everything in life is measurable, then understanding destiny would be as simple as counting 1, 2, and 3.

    Offline gentlejoker

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  • Re: How's Bitcoin's fate?
    « Reply #111 on: August 12, 2019, 02:28:34 AM »
    Here is an interesting interview with Warren Buffet on investing in Bitcoin:

    Online Han

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  • Re: How's Bitcoin's fate?
    « Reply #112 on: August 25, 2019, 01:09:19 PM »
    In the past, what is the reason behind the free fall of bitcoin from its top?
    Answer:
    If you perceive deeper, any breakthrough to get human closer into reality in making quantum computer technology come to exist, it will pose an adding situation of heightened risk for bitcoin future.

    Because quantum computer will able to decipher bitcoin cryptography. And that means bitcoin will be dead.

    The bad news is now scientists and government really put attention to pursue this technology because quantum computer is the next step of evolution for future humankind advancement.

    Now quantum computer still not a reality, but the model first come to exists in early 2018 when Google announces the creation of a 72-qubit quantum chip, called "Bristlecone", achieving a new record, and the bitcoin price 2018 drop all year.

    While today 2019, only 2 small news on quantum computer that not really considered as a breakthrough and Bitcoin price see relieve from its stress.
    2019 until now:
    1.) IBM unveils its first commercial quantum computer, the IBM Q System One.
    2.) Nike Dattani and co-workers decode D-Wave's Pegasus architecture and make its description open to the public.
    (Both are not new breakthrough but only make use already existed technology).

    Deeper longer view of bitcoin regarding to risk:
    Bitcoin birth as a new way in monetizing currency. But the future of bitcoin is not bright, in fact, is a sure death, in longer term will become just a history. Because quantum computer is a sure thing that will become exist, humankind seriously pursues it.

    Regarding money investment, a sure risk is what makes big players start to avoiding bitcoin.
    Only people that still blinded by "gold rush" that still pursue bitcoin for short term gain, still not aware of what bitcoin future will face in the longer term.

    I would give advice to better invest on land (not property, but land).
    Because money is just a "paper" that because we all agree it has value.
    But land is what everybody needs, and what everybody pursues will carrying value.
    Remember 20 years ago how much a piece of land cost and how much it cost today?
    In the future, a piece of land prize will be crazy.
    People that sell their land today is foolish.



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  • Re: How's Bitcoin's fate?
    « Reply #113 on: August 25, 2019, 03:59:46 PM »
    There are a lot of interests when it comes to bitcoin, so the idea everything we can read in the news about it is true is silly. Get a lot of money involved and very soon you will see how the news will start to move around to cover the corporation or person that is paying them the highest...

    So is QC a problem...
    Somewhat, but we need to look at it in the context we currently have.
    There are many companies providing free coding time on Quantum Computers, Some even pay if you use it. I tested how it works there as soon as it was out.
    In my humble opinion its so early in its development that any worry about it seems silly. Would be the equivalent of assembly code for the PC. Very first steps yet.
    Not to mention how restrictive the code had to be, very far away from the way the news make it seem.

    But if people are worried about the bitcoin and QC that is known as a problem and there are already ways to work around it. Some info about that here:

    https://en.bitcoin.it/wiki/Quantum_computing_and_Bitcoin

    So is QC a potential problem... Somewhat.
    Are there ways around it... Somewhat.
    Will it happen anytime soon... The way its going there are likely to be a lot more "earth changing" events long before QC is ready for anything like what it will need to do.  If we survive all that we can look into that part as well. : )

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  • Re: How's Bitcoin's fate?
    « Reply #114 on: August 25, 2019, 04:46:29 PM »
    So is QC a problem...

    Somewhat, but we need to look at it in the context we currently have.

    There are many companies providing free coding time on Quantum Computers, Some even pay if you use it. I tested how it works there as soon as it was out.

    In my humble opinion its so early in its development that any worry about it seems silly.

    Would be the equivalent of assembly code for the PC.

    Very first steps yet.

    Yes it is still too early. But in the mind of big investors that can see tomorrow, it is sell when at the peak when the bad news not yet come out.


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    Offline BillionaireboyLam

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  • Re: How's Bitcoin's fate?
    « Reply #115 on: August 25, 2019, 05:07:20 PM »
    Any CM analysis? So far only @TheModernTaoist seemed to have stayed on topic in relation to this forum and what this forum is suppose to be.
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  • Re: How's Bitcoin's fate?
    « Reply #116 on: August 25, 2019, 08:45:29 PM »

    There are many companies providing free coding time on Quantum Computers, Some even pay if you use it.

    I tested how it works there as soon as it was out.


    Ooh @Gmuli, perhaps what you tested is IBM first commercial quantum computer, the IBM Q System One?

    Aaah lucky you.. I want to get my hand on one..

    Indeed it is still a long way. Only potential infrastructure exists but the programming still in searching.
    But that news of the birth of a new kind of quantum computer that potentially can crack bitcoin cryptography code, that actually is marking a point that bitcoin potential future to replace money meet a dead end.


    Any CM analysis? So far only @TheModernTaoist seemed to have stayed on topic in relation to this forum and what this forum is suppose to be.
    @BillionaireboyLam, the question of the topic is: "How's Bitcoin's fate?"

    The answer is: Dead by quantum computer.

    You can search other answer through CM. Please do. And you will never understand why when your money burnt out. Because it is not about CM. It is about bitcoin is facing unavoidable factor that will shut it to dead.



    « Last Edit: August 25, 2019, 08:50:03 PM by Han »
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  • Re: How's Bitcoin's fate?
    « Reply #117 on: August 25, 2019, 10:39:13 PM »
    Yea, I think its still free on their cloud, check here:

    https://www.research.ibm.com/ibm-q/technology/experience/

    They have offline app as well(Qiskit) https://qiskit.org
    We do need the cloud for more complicated code from what I remember, but simple stuff can do on Qiskit.

    I think both are still free, although I haven't checked in some time.


    Online tyc

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  • Re: How's Bitcoin's fate?
    « Reply #118 on: August 26, 2019, 12:28:23 AM »
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    If everything in life is measurable, then understanding destiny would be as simple as counting 1, 2, and 3.

    Offline BillionaireboyLam

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  • Re: How's Bitcoin's fate?
    « Reply #119 on: August 26, 2019, 09:42:52 AM »

    There are many companies providing free coding time on Quantum Computers, Some even pay if you use it.

    I tested how it works there as soon as it was out.


    Ooh @Gmuli, perhaps what you tested is IBM first commercial quantum computer, the IBM Q System One?

    Aaah lucky you.. I want to get my hand on one..

    Indeed it is still a long way. Only potential infrastructure exists but the programming still in searching.
    But that news of the birth of a new kind of quantum computer that potentially can crack bitcoin cryptography code, that actually is marking a point that bitcoin potential future to replace money meet a dead end.


    Any CM analysis? So far only @TheModernTaoist seemed to have stayed on topic in relation to this forum and what this forum is suppose to be.
    @BillionaireboyLam, the question of the topic is: "How's Bitcoin's fate?"

    The answer is: Dead by quantum computer.

    You can search other answer through CM. Please do. And you will never understand why when your money burnt out. Because it is not about CM. It is about bitcoin is facing unavoidable factor that will shut it to dead.

    @Han
    Well we are in a forum called Five Art's that focuses on CM. Which is why i asked how all these economical and technological analysis has to do with CM that's all.
    The only one i see actually make any type of relevant CM analysis is @TheModernTaoist that's all. It seem's he predicted the rise of BitCoin with Chinese Astrology quite well.

    @tyc
    I bought bitcoin when it was at 6000 around the time @TheModernTaoist did, i've already sold half my investment when BitCoin hit 12,000.
    I'm thinking about reinvesting because of the escalation of the Chinese/USA trade war. If Chinese Currency continue to devalue, more and more Chinese people gonna want to move their money offshore.
    BitCoin is one of those methods.

    P.S. Couple Months ago when bitcoin hit 3000 everyone was preaching doom and gloom beside @TheModernTaoist and it wasn't because of Market Analysis or Technological Analysis it was because of Astrological Analysis.
    When everyone say BitCoin fall guess what it went from 3000 to 12,000.
    The Future of BitCoin is in relation to current World Problems that can be predicted to a degree with Astrology; and knowing how to use that knowledge to ones benefit.
    There is a old saying in Chinese called 富贵险种求. Rich and Glory is found through Risk.
    « Last Edit: August 26, 2019, 09:53:31 AM by BillionaireboyLam »
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    Re: How's Bitcoin's fate?
    « Reply #119 on: August 26, 2019, 09:42:52 AM »
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