Historical context, along with technological literacy, goes a long way to clearly perceiving reality.

I'm 100% confident that BTC (or some similar cryptocurrency) will long outlast the dollar or any other fiat currency.

I should say the same thing.

Every fiat currency that has ever existed since time immemorial has crashed and burned. It's even happened several times in US history.

But somehow this time it won't?

What real/inherent value do your paper dollars hold?

You do realize that it's a fiat currency back by nothing, and infinitely manipulated by its creator, the Federal Reserve, right? You may be able to buy stuff with it now, but that won't always be the case (and indeed there's ample evidence that it won't be the case for much longer).

BTC, on the other hand, is finite and not easily manipulated like fiat currency.

So while the market cap of BTC is very small, which will inevitably result in seeming instability in its early years (i.e. now), it'll seem tame by comparison when you witness the instability coming to your favorite fiat currency.

Sounds like "MindPrison" is a fitting name for this person.

It's always good to reply to something you haven't read or listened to, huh?

Listen to this excellent podcast. We have nothing to fear re: automation. It will only help us to prosper overall.

http://tomwoods.com/no-robots-...

Sounds like you're using the Keynesian redefinition of inflation. Inflation "the increase of the money supply", not "higher prices".

Inflation measured accurately, not heuristically, is way higher than 2-3%. See shadowstats.com

Thanks!

I agree 100% and am in the same boat, except I have not checked out TechDirt.

Goodbye then.

Ever heard of Microsoft?

But the fucking supplied dongle is worthless since it doesn't have a lightning passthrough so I can charge my phone.