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c4chaos's profile
~C4Chaos
~C4Chaos
~C4Chaos
@c4chaos

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~C4Chaos

@c4chaos

the man, the mortal, the hero, to zero.... (hyper)streaming with passion and compassion... #cryptotrifecta #HODLandChill #hardcoredharma $TSLA

everywhere and nowhere
c4chaos.com
Joined January 2007

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    1. Dr Craig S Wright‏Verified account @ProfFaustus 29 Nov 2017

      1. One major flaw in the claims of future Bitcoin value is not understanding that Exponential and Logistic functions look the same at the start. Bitcoin is logistic. It does not increase forever. If you believe this, you are worse than a fool as the world only has limited wealth.pic.twitter.com/ivTjOEf6Xi

      70 replies 197 retweets 547 likes
      Show this thread
    2. Dr Craig S Wright‏Verified account @ProfFaustus 29 Nov 2017

      If we look at global money M1, which includes all the physical money, plus quickly accessed money like that in checking accounts, we can estimate the amount to be $25 trillion USD. For m3 we come to $75 trillion. M0 is only 5 trillion dollars

      8 replies 11 retweets 58 likes
      Show this thread
    3. Dr Craig S Wright‏Verified account @ProfFaustus 29 Nov 2017

      BTC has about 190 billion USD market cap To make it to around 10x the existing value, it needs to become something more than a speculative bubble. This is what BTC is aiming as as I will explain. At 10x, BTC would be 20% of the global M0 money supply. For this, it must be cash

      12 replies 25 retweets 120 likes
      Show this thread
    4. Dr Craig S Wright‏Verified account @ProfFaustus 29 Nov 2017

      If it is not, then it has failed in its purpose. These ideas of LTC + BTC or sidechains dilute value A global money has a value in total and this means that when it is shared (e.g. with SideChains and/or LTC etc) it shares the total value. That values an asset to lower amounts

      4 replies 9 retweets 58 likes
      Show this thread
    5. Dr Craig S Wright‏Verified account @ProfFaustus 29 Nov 2017

      Sounds great, a money machine that just goes up. That is a flaw. Money is only a means to measure future expenditure and distribute wealth. To have Bitcoin worth more, the world needs to be worth more and this is not something BTC is solving. Hence, it starts to cap.

      3 replies 14 retweets 75 likes
      Show this thread
    6. Dr Craig S Wright‏Verified account @ProfFaustus 29 Nov 2017

      BTC is basing itself as a means to store value. The trouble with this is that it is not liquid. London gold would require 540 MB blocks at average (5GB peak) and this is only London trade and not global. So, as it grows, the trouble will only grow and in the end, it collapses

      9 replies 14 retweets 75 likes
      Show this thread
    7. Dr Craig S Wright‏Verified account @ProfFaustus 29 Nov 2017

      A global cash system needs to be used as cash. This is what the speculation is all about. However, the speculation is all on the margin. For BTC to make 100k does not need investor money. It needs around 1 to 2 Trillion USD to come to the market. I am sorry to tell people,

      11 replies 26 retweets 113 likes
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      ~C4Chaos‏ @c4chaos 29 Nov 2017
      Replying to @ProfFaustus

      and that’s why there’s $DASH 😎 good luck to #BitcoinCash competing with DASH! let’s get it on! 💪😎🍺 #cryptoassets

      8:54 AM - 29 Nov 2017
      0 replies 0 retweets 1 like

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