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IMO these forks do a massive disservice to the mainstream perception of this technology. From the outside, it looks like technologists are making technical dec
by endlessvoid94 9y ago
IMO these forks do a massive disservice to the mainstream perception of this technology.
From the outside, it looks like technologists are making technical decisions that impact businesses that are taking financial risk by utilizing the cryptocurrency.
Forks like this increase the risk, undercutting the efficacy of the technology.
- ajross 9y agoOn the contrary these forks have finally clarified for mainstream consumers the ridiculous insanity involved in placing speculation value like this on near-completely illiquid virtual securities. When the bubble pops, the fact that bitcoin cash was able to magically "invent" 10% of the value of the BTC market overnight will be seen as the jump-the-shark moment. If this were a rational security with a working market, I'd be telling everyone to get out. But of course it's not, so you can't get out. There aren't nearly enough buyers. This is gonna be a fun ride.
- endlessvoid94 9y agoFair point! I've found such a wide spectrum of risk tolerance that I'm curious to hear what returns you normally associate with a market you'd advise everyone to "stay in". For example, if I can invest <$5k and make my money back on the order of months assuming the exchange rate flatlines, and I know going into it that the exchange rate may very well collapse at some point, I'm OK with that. Slide the amount up to $20k or more and I'm less inclined to take the risk. But everyone's budget is different!