2 ms·

If a tree falls.. i mean the other well known saying, "if a bubble doesn't burst while you are in it (invested and cashed out), was it really a bubble?"

• saalweachter 9y ago
  I'm really starting to respect it a lot more as a bubble now that most people have stopped trying to pretend it's a viable currency/transaction processing system. It's really, like, the platonic ideal of a bubble, perfect for separating fools from their money: slow growing, with no clear limit in site, but volatile, and decoupled from reality. It's beautiful, really.
  • rothbardrand 9y ago
    Bitcoin is many things, and the most important thing is it's a currency outside of the control of governments. Right now that's new enough that it's primary value proposition is anti-inflation (in venezuela) and "digital gold" in much of the world. Is there no legitimate value to letting chinese people move money? Also, between SegWit, Lightning Network and side chains, the scalability is going to be nearly unlimited in about two years, so the idea that it's not a "viable transaction processing system" seems a bit silly. In fact it works now, globally, without serious problems.
  • ojr 9y ago
    it still is a very viable currency and transaction processing system, I would even argue the best right now for gambling, Bitcoin Cash, a fork of the original Bitcoin, the settlements are even faster, mainstream users can still use normal debit and credit cards, but the settlements will happen behind the scenes with bank-to-bank transfers or bitcoin transfers, its already happening on a small scale