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That bitcoin survived MtGoX espectacular crash and kept growing in value after that shows some resilience. I'm not sure other pure financial bubbles survived mi
by soneca 9y ago
That bitcoin survived MtGoX espectacular crash and kept growing in value after that shows some resilience. I'm not sure other pure financial bubbles survived middle-of-the-way crashes before the final definitive crash.
That said, I believe there will be a lot of disappointments regarding expectations of bitcoin sparking a revolution. My belief is that it will be "only" one more tool among the several financial tools that exist in the world.
- vanderZwan 9y agoI had forgotten about MtGoX, good point. It may be that cryptocurrencies are going through this boom/bust/rise-from-the-ashes cycle on a much shorter timescale. After all, software development is much faster than setting up internet infrastructure and adoption. So what used to take decades to get right might now take years.