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While I agree on the centralization part, I don't think that this somehow makes it dead. I mean in the end many comparable systems are even more centralized. T
by tete 9y ago
While I agree on the centralization part, I don't think that this somehow makes it dead. I mean in the end many comparable systems are even more centralized.
The notion of "to me, bitcoin died" sounds like "that show/band/social network/news site died to me, because...".
Bitcoin seems a bit like many other economic systems, where it doesn't make sense that it survives or survives so long. I don't think predictions about such systems can be made by purely rational means by any feasible means. There is too much emotion and seeming "randomness" involved.
However, I am sure that at one day be that in two weeks, decades or more it will be over and everyone will have seen it coming, as the most obvious thing. So I agree. Bitcoin will end. However, life on earth will too and even there you have speculations reaching from only decades to billions of years. ;)
I think you are right, however. But I also thought Bitcoin would have been over years ago.