That's another great share.
 your post resteemed!

excellente post my friend.... great SegNOT2x

Great post. Thank for sharing information @lexiconical

What do you think will happen to the value of Steem when the BTC crumbles?

I'm pretty much with you Lexi, but I think it best to not attempt to label crypto markets as rational ones.  It's even possible to defend bitcoin from the stance that it's name gives it it's power.

It's probably another case of strong branding, do I believe the McD's has the best burgers, not really, but everybody goes to the clown and recognizes the arches.

One day of course this could change, and its impossible to know when it would, but one thing I do find interesting when comparing Bitcoin's quirks to those of the .com era is that when the tech bubble exploded we were in the vicinity of 33 trillion.  So, there might still be quite a bit of runway before the first castles start to fall.

Maybe.... or maybe Tomorrow we will wake up to people burning their laptops on their grills smoking oregano laced with cyanide.

Did you make that artist's representation?  That's brilliant.  

It might be a topic for another discussion, but do you have a personal opinion on the CME Bitcoin Futures element?  This has had some role in the Bitcoin price action recently as well.  There are fears that it could be a price manipulation vehicle, but also praises that it could further legitimize BTC, while bringing much more adoption.  Thanks.

good information for me.thanks

Finally someone who speaks out for what Bitcoin is, outdated... Sure we all have love for this coin as it set the whole thing in motion, but there is too much ignorant investors as of now in the blockchain world... Go Bitshares! ;)

What do you think it will be a good coin for long term investment right now? Ether? Thank you so much!

I cant disagree with you on anything you said @lexiconical - However consider this - In 2010 my 17 year old cousin comes to me with this crazy new thing he just discovered "It's called Bitcoin Dave, you have to get some bro - don't get left behind - it's the future of money". 

You all have heard it before, and he was laying it on thick. I had no interest in anything that I couldn't hold in my hand, so I threw him $10 to get him out of my hair. The next day he comes back and hands me a burned CD with my name sharpied on it - and in the desk drawer it went...

Now fast forward to I think 2013 - 14, and I see on the news that Bitcoin has broken the $1000 threshold. Now picture me throwing shit against the wall out of my desk looking for that disk. There it was, at the very bottom of the bottom drawer- after 2 moves I still had it... 

Since that initial sell where I made $8000 out of $10, I have baught and sold Bitcoin many times, and I believe then and now that there is no limit to where it can go. You are 100% correct in all your assertions, but the failure of the SegShit2 attempted takeover should be an indication that it will survive.

I read in an article china is secretly investing in bircoin..due to this price of this growing very rapidly..is it true or not?

I read in a article that chaina is investing in Bitcoin secretly..due to this Bitcoin increasing very very rapidly almost double in last couple of months..is it ture or not

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Outdated, expensive, slow, energy intensive.. Loads of promising altcoins that offer solutions to these problems but the brand awareness rules all..

Hey Lexiconical 

I agree that bitcoin has ''gotten a bit out of hand''...

> _The real-world energy cost required to mine a Bitcoin has gotten a bit ludicrous_

You could say that again... How many bagillion megahashes would one actually need to mine one bitcoin. Who's got computer power like that LOL!

I remember I was buying them up when they were 100 or 200 dollars and I already thought it was a bit expensive but hey I wanted to have fun online

Now with the price movements and uncertainty in bitcoin I basically buy anything but them... Funnily enough, all my IRL 'friends' (people from around the way) who always thought I was crazy to tell people to buy and use bitcoin two years ago, now are coming to me asking me where I buy my bitcoin...

I tell them dude that ship has sailed a long time ago, get yourself invested in ethereum if you want the same opportunity that bitcoin was 2 years ago and is clearly not now...

Or i tell them if you really like gambling, go ahead and put your life savings in to bitcoin and pray to god you just get a whole bunch of free money.

But I'm not making those kinds of irrational gambles lol

Because of you @lexiconical my thoughts of the capabilities of bitcoin
is thrown out the window!

It's just i cant believe that a cryptocurrency market could boom so fast,high and especially surpass certain GPD of Countries  and miraculously surpass entire markets like Oil barrels!

Right now i think bitcoin is the most valued virtual possession in the world

and thats 
# OUTSTANDING!!!

My friend good information.thanks for sharing.

I don’t know much, but from what I have read I can only agree with everything here

I definitely prefer to invest in altcoins with some utility but I do own some BTC and will continue to hold, and maybe occasionally add a little - as I expect the ‘new money flowing in’ will continue for some time.

BTC seems to be the gateway in

Cheers

I would have to agree with you on the B2X or the NO2X as I like to call it. However bitconnect does not claim to give you 1%  percent everyday. At the moment that just so happens to be what it gives you on the average. I have received a few 0.00 and <.09 days but days as high as 2.88 percent. 

I think bitconnects business model is viable for a few years. I hope you are knowledgeable about trading bot or "gun-bots". They average about 3% on the average everyday. So if you think about it, you can put everyones money into it and then keep 20% right off the top and reinvest and then still payoff the referrals (They again adjusted their referral program again). I've done the research and so far have a 40% above ROI with no referrals. I'm pretty damned convinced and so are the other 300,000 people are getting interest and the staking principle is interesting as well. 

These are the crazy days of crypto. I'm interested in what you think about the electroneum coin and where you might think they may go in in terms of direction.

Very interesting article. It's ridiculous how much power is wasted to mine Bitcoin, how longer and more expensive the transactions are. What would be the best altcoin to replace Bitcoin in your opinion?

Intriguing title.
I did not read till the end,  I do feel compelled to do so later and reply again later.
For now, this is not true: "Note that, similar to Bitcoin, Gold is practically infinitely divisible"
If anything, right now, Bitcoin is more divisible, and more aggregable/unitable.
Bitcoin is also cheaper and safer to store and more often than not, also to transfer, the way things are these times.
Atoms come to mind, and despite them being divisible, the outcome would not be gold. 
Bitcoin is also still a more honestly tradeable asset.
A realer commodity than (paper) gold.
In a world without enough people/internet, both gold and bitcoin would be worthless, and food would be king.

VOTED!
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I remember asking you a couple weeks ago about this issue, I am so glad I didn't buy into the hype thanks to you! I think I'll stick to crypto's that run way faster and charge less fees.