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Honestly, I don't have confidence in Bitcoin as a viable tangible asset to the world. So even if it goes up 100x tomorrow, I'm still content with not having inv
by askafriend 9y ago
Honestly, I don't have confidence in Bitcoin as a viable tangible asset to the world. So even if it goes up 100x tomorrow, I'm still content with not having invested any of my energies or resources into it. It's too heavily speculative to be useful in the way proponents purport it's usefulness.
The blockchain as a protocol and concept I think is very interesting and potentially extremely valuable, but the specific coin and technology called Bitcoin - I really don't care for.
It's just more fun and rewarding to make money by investing in things where I have a strong conviction about their usefulness. The moment you add layers on top of Bitcoin to make it usable to a broad audience you destroy the initial value proposition of anonymity and vague notions of "democratizing finance" (see: Coinbase).
- xkxx 9y agoBitcoin never promised anonymity. Bitcoin transactions are not anonymous and never were.
- Artemis2 9y agohttps://bitcoin.org/en/bitcoin-for-individuals#anonymous https://bitcoin.org/en/bitcoin-for-individuals#anonymous
- cashmonkey85 9y agoBitcoin is not anonymous your link doesn't say it is. It's easier to hide your identity than a credit card but it's more) not anonymous and there is a big focus on fixing this.
- deleted 9y ago[deleted]
- tlrobinson 9y agoWhat is it about "blockchain" technology that you like? I hear "I don't like Bitcoin but I like blockchain technology" a lot, but I suspect most people don't understand a blockchain without a cryptocurrency doesn't solve anything new.