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Who Killed Bitcoin
- martin_andrino 9y agoPoor clickbait. First few words from the post are as follows: "Well, nobody, yet. And, perhaps, nobody ever will.".
- vasilipupkin 9y agoclearly, nobody has yet killed it because it's still alive. Do you have any substantive comments, though, on the content?
- nerdponx 9y agoThere is no content. From the intro, I was expecting some kind of analysis of the most promising "next-gen" crypto currencies, and how they are better or not better than Bitcoin. When I got to the end I thought for sure there was more to go and maybe the page hadn't loaded fully.
- vasilipupkin 9y agowell, I guess we have to agree to disagree. It's a short note making a simple point, but I strongly disagree that there is no content. In fact, it sounds like you enjoyed the content so much, you were hoping for more :)
- figurehe4d 9y agoDoesn't change the 'note' clickbaity nature, OP.
- vasilipupkin 9y agoLook, the title was clickbait. it worked, cause lots of people clicked on it. the content, in my opinion, wasn't.
- deleted 9y ago[deleted]
- Udik 9y agoI was expecting some extensive discussion about how bitcoin might die- for example, through extensive monitoring of transactions, state regulations, 50%+ attacks from state actors, spikes in electricity cost. More interesting than "well maybe a better cryptocurrency might take over".
- vasilipupkin 9y agoyeah, but I don't think it's going to die from any of those things you mentioned. it's too robust. that's why those things are not in the note.
- hyper_reality 9y ago> Empirically, value of bitcoin relative to other cryptocurrencies appears unconnected or only weakly connected to the properties that we think give it value in the first place. This is an important point that anybody who has been into cryptocurrency for a while can attest to. We have watched the Bitcoin network exploding in price while meanwhile becoming worse and worse at what it is supposed to do. Enthusiasts have changed the goalposts, claiming that Bitcoin instead is like digital gold, an idea which Satoshi himself convincingly argued for: http://satoshi.nakamotoinstitute.org/posts/bitcointalk/428/ http://satoshi.nakamotoinstitute.org/posts/bitcointalk/428/ However, since there are now so many competing products to Bitcoin, equally as scarce but with many better features, I'm not sure peoples' faith in its long-term value can hold forever.
- vasilipupkin 9y agoAgreed, but I was trying to show some evidence for this, specifically by looking at ytd appreciation of various crypto relative to bitcoin.
- sputknick 9y agoI think the next global recession will kill Bitcoin. It's supposed to be a"store of value", but as soon as stuff hits the fan, people are going to flee to safety and convert their Bitcoin to usd, cny, eur, and krw and Bitcoin will tank as a result. The crypto currencies with more purposes will take a hit, but come back stronger.
- vasilipupkin 9y agoPerhaps, but a global recession of a large magnitude may not happen for many years.