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Because at the moment, bitcoin has no redeeming qualities. - it is not transactional, as each trade costs $30-40. as exchanges hold the orders for weeks - it
by matchcohnn 9y ago
Because at the moment, bitcoin has no redeeming qualities.
- it is not transactional, as each trade costs $30-40. as exchanges hold the orders for weeks
- it is not rare, as there are tons of viable cryptocurrencies coming out each day
- it is not safe, as exchanges go bankrupt and shutdown.
- it is not stable, as prices fluctuate wildly each day. Downside could be 90%, upside could be 20%.
- it is not fast, as 100K+ transactions awaits
- it is not anonymous
- it is not valued correctly, as a sell order of $100M will most likely reduce the price by 50%
- dang 9y agoSingle-purpose accounts are not a good fit for HN and you've repeated this stuff several times already, so I've banned this account. If you don't want to be banned on HN, you're welcome to email hn@ycombinator.com and give us reason to believe that you'll use the site as intended in the future. That means posting comments as part of thoughtful conversation about intellectually curious things. It definitely does not mean hammering an agenda.