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That's a much more informative post than the link, and yet, I still don't really understand all the jargon. But it also reinforces for me just how not ready fo
by acjohnson55 9y ago
That's a much more informative post than the link, and yet, I still don't really understand all the jargon.
But it also reinforces for me just how not ready for primetime BTC is, and it makes me think the appreciation over the past year is truly insane.
- Hydraulix989 9y agoThe demand for something like BTC is clearly there though.
- jrimbault 9y agoHow many individuals/7B is there?
- erikpukinskis 9y agoBitcoin doesn't need to be prime time at all. Almost no banking services, outside of checking accounts and index funds, are "ready for prime time" and yet banking services is a huge market.
- acjohnson55 9y agoFair point, but that still leaves a burden of proof to show what niche Bitcoin fills and how much that should be worth. It has to become a major pillar of either consumer spending or the financial system to justify its value. Don't get me wrong, I think the concept is brilliant. I just don't see how nearly 10x value was created in about a year.
- vortico 9y agoI would guess that the market value of Bitcoin will sink a bit due to the muddiness of this announcement. Which suggests that a centralized party (Bitcoin.org) has a great effect on Bitcoin after all, despite its appeal of being a decentralized currency.
- mdekkers 9y agothe appreciation over the past year *Speculation
- JackFr 9y agoNot just simple speculation, explicit "greater fool" speculation.