Your illogical ranting never addresses the core arguments and insights such as Satoshi’s intentional key design tradeoffs of Bitcoin and why those give legacy, immutable Bitcoin the unforgable costliness that Nick Szabo blogged about bitGold before Bitcoin arrived. Those are two links to two Medium blogs written not by myself. Maybe it would help you to see I am not the only person who understands what is going on. People in general have difficulty adapting to change, e.g. financial advisers can’t adapt to the new Bitcoin reality. People can’t adapt smoothly to reality that doesn’t fit their inertia. Instead they have to be kicked in the ass and broken down by reality, so they’re forced to adjust or perish. This is how nature functions.

Instead you continue repeating the same nonsense over and over again without ever substantively addressing the core arguments.

You continue to assert that a few 1000s of idiots who control a speck of grain of sand of the world’s wealth will have some huge impact on the future of Bitcoin when the legacy Bitcoin protocol decides to force the soft-fork Core protocol to fork-off. When the Core protocol must fork-off because the legacy protocol does not have the same rules as the Core protocol (and the legacy protocol has started to make blocks which are allowed in the legacy protocol but not allowed in the rules of the Core protocol), then those said idiots will only have Core tokens, because they intentionally hodl their tokens in Core protocol addresses instead of legacy protocol address.

And nobody will fucking care. Idiots will fall in the wood chipper and keep their Core tokens. Wealthy people will have been hodling legacy protocol addresses and will keep their legacy Bitcoin tokens, as well as receive an airdrop of Core tokens from the Core hard fork-off. And then wealthy people will sell those Core scam tokens (as they did for BSV and BCH and every hard fork of Bitcoin) and buy moar of the durable, legacy Bitcoin tokens. Simple as that.

Then the rest of the world will observe that the legacy Bitcoin is rising to $2 million in 2020 because of the orders-of-magnitude leaps in mining hardware mining the legacy Bitcoin which will be funded by the Core/Segwit protocol address donations. So the rest of the world will say, “hmm, I think I should have bought Bitcoin when it was $7k.” (the current price)

And then all your nonsense will amount to nothing but foolish ranting. And my expositions will be proven correct. And then you will slither under a rock never to be heard from again, where you belong because you are too obstinate and stupid to understand even simple things when they are explained to you like you are five years old.

This leads you to conclude people will buy and sell BTC when aware of those transactions being the vector of unchecked and ongoing theft of BTC, because you're bewitched by your own clever charts.

So kings and feudal warlords used to take gold and silver from the plebs who might have found some buried somewhere. Did wealthy people stop using gold and silver as the most durable and decentralized money because of that? Nope.

As to the supposed inability to do anything else, you neglect that there remains - always - the option to do nothing.

No there is not such an option, because the booty taking is allowed in the legacy protocol. That was the “poison pill” game theory that Satoshi put in Bitcoin to make sure it would remain immutable, so that it would be durable and could not be forked by politics and scam developers who want to fragment Bitcoin’s value into an unbounded number of fork-offs. So if one set of legacy miners does not do it, another set will. It’s inevitable because of the $billions value of the ~7 million tokens currently stored in the SegWit/Core address format. And then all the miners who don’t take it, will go bankrupt, because the proof-of-work difficulty will rise so much (causing the Bitcoin price to rise so much also).

What you fail to appreciate is that if Core could succeed, another group of scammers could come along later and create a “better Bitcoin” and then we would never have clarity nor durability. Bitcoin can only have durable value if politics is not possible in Bitcoin.

You do not understand anything about the monetary valuation of Bitcoin and what imparts that valuation to Bitcoin.

You are a pompous idiot who is disrespecting a humble expert. I have tried to patiently explain to you over the past week starting in my prior blogs in November, and was respectful to you until you just continue over and over and over again refusing to use your brain and continuing to disrespect the person who was trying to teach you.

I lost patience with you because it seems you willfully waste my very scarce and my valuable time and effort. You are not trying to learn new things. You just want to ingratefully impose your obstinate nonsensical ideology on those who would prefer to be rational and learn about reality based on a coherent and cogent inspection of the facts of the situation.

If the miners start stealing BTC as you predict, that's the value that BTC will have: zero.

How many times am I going to have to explain and repeat to you that legacy Bitcoin miners will not steal anything. Those who had stored their tokens in SegWit/Core addresses will retain their Core protocol tokens. The fact that Core tokens will be worth-less after Core forks-off, is their mistake for hodling their tokens in that protocol instead of the legacy Bitcoin protocol which will rise to nosebleed high prices for the reasons I have clearly explained.

I wish you luck, because you have not revealed any sense you could rely on for future good fortune.

I retract my statement that you’re a smart guy. You may have some decent command of the English language, but you’re not smart. You are completely incapable of digesting new information that was presented to you in this thread of discussion.

Maybe big picture, civilization-transformative topics such as technology, money, finance and economics are just not your thing. You better stay in parochial endeavors such as construction.

In fact my motto is 'Don't just do something, sit there.' I work for a living because that's meet and proper, I like it, and money is not the goal of anything I do. I don't want to profit financially. I want to earn socially. Working construction I have learned that if you don't take the time to do it right, you'll make the time to do it over. I see guys that 'do something, even if it's wrong' destroy every day I do work. This costs thrice what doing it right does. First money is spent to do it wrong. Then money is spent to undo what was done wrong. Then, if they're lucky, the necessary funds are expended on finally doing it right.

No one has to choose between evils. You ever heard of Rush, the Canadian band that was awarded the highest civilian honor Canada bestows? Their song 'Freewill' expresses this concept in the lyric 'If you choose not to decide, you still have made a choice.' People do nothing all the time. It's often the right thing to do.

You sound like you’re from California. Typical ideological diseases cluttering your mind and preventing you from dealing with reality.

Don’t extrapolate carpentry to world-scale issues. Just because you have a hammer, not everything is a nail.

Bitcoin was “done right” from its inception. That’s why Satoshi wrote that the major protocol design decisions were locked in stone as of his release of v0.1.

P.S. I was a fan of Rush when I was a teenager in high school in California in the early 1980s. I was and still am a fan of many different genres and styles of music though. So don’t pigeonhole me as a Rush-head.

I wrote 15 months ago:

That false move on second chart above looks very similar to the false move down that Bitcoin made in the summer of 2013 and again in July 2018, before blasting off to new ATHs!

And remember that Bitcoin was the only non-North American asset that made its final low just before July 12, unlike the rest of the world (and precious metals) which continued to decline:

Those who think Bitcoin is not following a monetary (reserve asset) adoption pattern should note the uncanny pattern in the Bitcoin chart which matches the adoption pattern of gold after Nixon ended the Bretton Woods accord:

Additionally the following chart supports the probability of Bitcoin making its final retest of the $5900 – $6100 support level in September or October:

I also wrote 16 months ago:

China’s rebalancing will drive the Bitcoin price sky high

[…]

Although it is true that China’s share of GDP will decline when it undergoes its coming debt reset (as was the case for Japan and the USSR according to the actual data) because its GDP is a farce, the fact is that China is not a driver of global GDP demand because it’s running a surplus of savings because its fake GDP suppresses its consumer sector whilst subsidizing the export and inappropriate infrastructure sector:

Are NEW Chinese buildings really FALLING DOWN?

So when China rebalances it will be a correction to China’s current account because of fake accounting (meaning China’s share of international wealth will decline by some means, but probably not via renminbi depreciation) but the consumer share of China’s economy can begin to increase so China can actually start driving global demand and rise to #1 economic power in the world. So although the debt reset of China could wreck economic recession on commodity exporting countries (such as Australia!), it will drive demand for economic production such as factories which relocate from China to lower wage nations because of the resultant rise in relative wages within China.

So it is likely that Chinese demand for Bitcoin would continue to increase as the threat to China’s current account rebalancing becomes more imminent as it is the way for capital to escape the contraction in wealth valuation (i.e. the adjustment to China’s capital account as the current account surplus shrinks) without devaluing the renminbi relative to other major currencies such as the U.S. dollar. The way for China to prevent those renminbi which are used to buy Bitcoin for capital flight from being converted to foreign currencies (even on black markets) is allow the public to invest in Bitcoin. Thus I predict China’s ban on Bitcoin will be rescinded, because the leadership in China would much rather protect the renminbi exchange rate than be dogmatic about preventing the rise of a tertiary asset which doesn’t even really function as a currency well. Bitcoin is a reserve currency asset and as China wakes up this reality, they would be insane to not allow their citizens to invest in Bitcoin (especially as real estate investments in China are cratering in value, which I surmise is probably the main reason China resisted and cracked down on the investment speculation in Bitcoin because it threatened to pop the real estate bubble). IOW, China’s leadership is eventually going to have forsake some control. They can’t keep the Chinese people suppressed and held inside a fake GDP investment bubble forever. The day of reckoning is approaching and this will be good for the Chinese people.

But the other huge problem in the global economy is the massive indebtedness worldwide and the short dollar vortex which I explained in this blog. These factors are going cause global investment and demand to contract significantly. Yet coming out of this will be Asia driving economic growth because Asia has the best fundamentals overall including low tax rates, low overall indebtedness, youthful demographics, strong family values, and strict crime control without the significant problems with welfare seeking deleterious migration in the West.