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It seems that no matter what goes wrong with Bitcoin the price hardly reacts at all. It's been practically banned in China, its community is centralised, riven

It seems that no matter what goes wrong with Bitcoin the price hardly reacts at all. It's been practically banned in China, its community is centralised, riven with censorship and infighting, the ledger split in two, it is presumably about to split again, fees are sky high, the network is saturated and unreliable, the innovation has gone to Ethereum, Lightning Network is nowhere to be found and actual usage can't increase due to the block size cap. Overall it's just a constant stream of bad news. Yet the price keeps going higher. Where is this money coming from and where is it going? Is it really all coming from speculators who don't actually use the system at all or even read about it?

xiphias 9y ago
Most of the drama around Bitcoin doesn't change the fact that Bitcoin seems to be the best store of value in the history of humanity. For us who take it seriously and trust the Core team to be a great team of cryptographers and cautious programmers, Bitcoin is maintained well and doesn't need any new feature to be good as a store of value. It's great that it can scale somewhat, but I consider all those improvements as an extra. If we look at fiat currencies actually, they are a low bar as a store of value to hit.
- bitcoindoubt 9y ago
  > Most of the drama around Bitcoin doesn't change the fact that Bitcoin seems to be the best store of value in the history of humanity. I look forward to seeing this on n-gate because it's quite possibly the most hilariously ignorant sentence ever on Hackernews (and there are a LOT of contenders).