5 ms·
Not mutually exclusive, though. The technology is neat, but there's little to justify $4000 a pop tech-wise. Plus, the vast majority of people putting money on
by Mahn 9y ago
Not mutually exclusive, though. The technology is neat, but there's little to justify $4000 a pop tech-wise. Plus, the vast majority of people putting money on it are not buying to fund development or for its future promise, but to sell someone else for a higher a price.
There's tech in bitcoin, which is neat and will lead to interesting things, and then there's speculation in bitcoin, which is just that and will lead nowhere.
- zdkl 9y agoI don't get why there's so much hate on the speculators. They're the (only) reason early adopters earned a reward for their risk. Plus it's not like you have to play their game: if you think there's a bubble just cash out and buy back in when you need the coins for a transaction.
- charsifood 9y agoWho's hating on speculators?
- zdkl 9y agoFeels like everyone, my original parent commenter for instance
- smokeyj 9y ago> The technology is neat, but there's little to justify $4000 a pop tech-wise Just a globally decentralized currency that can't be devaluated by central bankers. No big deal. Bitcoin is a political statement. And HN is a political echo chamber. No one here is going to change their mind about central banking and monetary theory. So if you think $4k/BTC is insane, that's totally reasonable. But you're also not seeing the vision and motivation that the early adopters hold - and from that perspective, $4k/BTC isn't that impressive.