Down she goes again, bart is playing tricks on us.
The trick was the up move. If fiat currency wasnt crumbling right now, the situation would look a lot worse. Just dont look at the price of Bitcoin measured in precious metals
Of course, the formulas are not simple since part of the formula would be bitcoin's total addressable market, which is a variety of places in which monetary value is stored in ways that are less efficient than bitcoin and also less money-like than bitcoin in terms of accounting for what makes a good money or the better of monies.
Is there any need to go over what makes a good money and/or brings value to it? scarcity, verifiability, portability, divisibility, fungibility, costs of transport and/or security and likely a few others.
Bitcoin is superior to all assets and people are figuring it out.. even though it is a slow process that could take 50-200 years or more to really work itself out..
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I liked the guy quite a bit. We had a lot of good conversations. He was somewhat brilliant, but something was just not right up there in his ticker. I did not trust him. I remember when he started up that kingdom game and basically turned himself into the king, which was always kind of the vibe he was broadcasting. You know, he bought a castle after all.
I don't know a whole lot about what happened after that time, but I believe he had some very difficult family issues around his wife and kid. And I think there was a lot of substance abuse as well going on.
Definitely one of a kind that fellow. RIP
I recall one of my first interactions with him (the post might still exist, perhaps?), and he was mentioning about some kind of an event or participation in something bitcoin related, and I mentioned some kind of interest in potentially attending, and he said something like - "you need to show that you have at least 100 BTC in order to participate," and that turned me off.. even though I told him that I was "working on it," and it may have had been in a time in which 100 BTC was within reasonable grasps to reach, even though it was still something that a lot of newbies (which I was at the time) would not have had.. .it might have had been around early to mid 2014, which would have had meant that 100 BTC would have had cost around $60k.. yet surely many of us did not know that less than 1 year later, 100 BTC could have had been gotten around $23k-ish.. depending on exact entry time.
I recall another situation in which Rptiela was expressing regret that in the 2013 BTC price run up, he had taken a lot of BTC off of the table, and he was suggesting that he may well had sold too many too soon, and I am pretty sure that I interacted with him about that in the SSS thread... I think that he seemed especially smart when guys were newbies, yet after a while there was evidence that he was not able to be consistent. .and so then he would say some things that seemed very smart, and then all of a sudden he made some loonie claim... and yeah, I did not follow his Monero promoting activities or his Crypto Kingdom stuff, even though there were a lot of guys getting pissed off at him, so he seemed a bit dishonest in his dealings.
More memories are coming. I recall one time that he posted a picture of himself in pink or something and in front of a pink rolls Royce.. Was that a Rolls Royce? and anyway, he was talking about smoking cigars and other things like that, and I mentioned that he needed to take better care of himself sine he even did not look healthy in the picture since he was so pasty white and he looked kind of sickly.. even though he was posting the picture to look cool and to look rich. He probably did not appreciate when forum members were lecturing him in various ways... even though surely the drama of some of the stories that he told in his posts would surely spark members into suggesting various ways that he could improve his thinking on various topics... and even needs for him to take responsibility for some of his acts and his various public demonstrations of emotions.
