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>Bitcoin doesn't work as a currency No cryptocurrency is working as a currency today. >Keep dreaming. its not functioning as a currency..no cryptocurrency's ha

by maram 9y ago

>Bitcoin doesn't work as a currency No cryptocurrency is working as a currency today. >Keep dreaming. its not functioning as a currency..no cryptocurrency's has a stable intrinsic value because not many people are using it as a currency YET. Everyone is trading cryptocurrencies, and it will continue like that to attract more people. the price will be stable when: 1. people outside the tech real start using it as a currency to buy stuff with (not to cash it) 2. the technology is still so expensive. its like the internet and hotmail back in 1996..you can argue whether it was a mainstream or an early stage mainstream..it all depends on your "perception"

spookthesunset 9y ago
It's nothing like the internet or hotmail. Bitcoin is hot air. There is no "there" in cryptocurrency. It is inefficient, slow and solves no real world problem. Our existing infrastructure works just fine for 99% of all users. Lets not even forget that bitcoin is 9 years old. If it was gonna catch on, it already would have. The only way it has "caught on" is a pump & dump get rich quick scheme.
- ddnb 9y ago
  > It's nothing like the internet or hotmail. Bitcoin is hot air. There is no "there" in cryptocurrency. It is inefficient, slow and solves no real world problem. Our existing infrastructure works just fine for 99% of all users. That doesn't matter does it, I remember seeing a TV show interviewing random people on the street 20 years ago asking what they thought about cell-phones. Everyone said they don't see a future for this new gadget, they have a phone at home and can call anyone whenever they want, they don't want to be disturbed at anytime and everywhere. Cell phones were perceived as more of a nuissance than solving a real world problem, the existing infrastructure worked fine for 99% of all users.
- dukeflukem 9y ago
  It has advantages. You can send/receive unlimited amounts of money without some third party deciding to block or reverse the transaction. It is a single currency for the world. It can't be hyperinflated.
  - saiya-jin 9y ago
    and why not ETH? or any other altcoin? I don't understand what's so special about BTC specifically these days

by maram 9y ago

spookthesunset 9y ago

It's nothing like the internet or hotmail. Bitcoin is hot air. There is no "there" in cryptocurrency. It is inefficient, slow and solves no real world problem. Our existing infrastructure works just fine for 99% of all users. Lets not even forget that bitcoin is 9 years old. If it was gonna catch on, it already would have. The only way it has "caught on" is a pump & dump get rich quick scheme.

ddnb 9y ago
> It's nothing like the internet or hotmail. Bitcoin is hot air. There is no "there" in cryptocurrency. It is inefficient, slow and solves no real world problem. Our existing infrastructure works just fine for 99% of all users. That doesn't matter does it, I remember seeing a TV show interviewing random people on the street 20 years ago asking what they thought about cell-phones. Everyone said they don't see a future for this new gadget, they have a phone at home and can call anyone whenever they want, they don't want to be disturbed at anytime and everywhere. Cell phones were perceived as more of a nuissance than solving a real world problem, the existing infrastructure worked fine for 99% of all users.
dukeflukem 9y ago
It has advantages. You can send/receive unlimited amounts of money without some third party deciding to block or reverse the transaction. It is a single currency for the world. It can't be hyperinflated.
- saiya-jin 9y ago
  and why not ETH? or any other altcoin? I don't understand what's so special about BTC specifically these days