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On the contrary, we are about to start the second wave of things. The next wave will be an order of magnitude larger than the last, and this will continue unti
by jeremyt 8y ago
On the contrary, we are about to start the second wave of things. The next wave will be an order of magnitude larger than the last, and this will continue until Bitcoin and blockchain has disrupted the vast majority of current industries.
You sound like an Internet hater after it failed to find a killer app besides email for most of the mid-90s.
Then, in 2000, as Pets.com was imploding, no doubt you would've dusted off this consistent criticism: "I am sure that internet stocks are worth many thousands of dollars and I am sure that there are people putting together new scams, however, the word on the street and by the watercooler is that internet stocks are passe. People have moved on."
Ten years later, the stock market is dominated by tech stocks.
If your criticism was based on actual knowledge, I'd give you credit, but it sounds like you have no idea what you're talking about, and you're using derision as an excuse not to educate yourself.
Indeed, I think $8500 per Bitcoin is a bargain. Come check with me in a year.
- miscreanity 8y ago>If your criticism was based on actual knowledge Actual knowledge would probably say that institutions are positioning rapidly. Look to the crypto systems that are currently being integrated into the financial system, the primary of which is Bitcoin due to it being battle-hardened and consistent. Follow that with Ethereum, Litecoin and Ripple. Others have their markets but none as mature as the majors, and most of the rest will simply fade away.
- justanotheratom 8y ago"Come check with me in a year" - I wonder : is there a way to make an online bet using smart contracts?
- jeremyt 8y agoYes, there is, but it's not worth my time. I'm invested in crypto, so if I win, I win.
- tim333 8y agoTheodores seems to have some actual knowledge from the water cooler. Bitcoin has no intrinsic value - the price is entirely driven by various people buying and selling it so seeing what such people are thinking is relevant.
- jeremyt 8y agoDon't listen to what people say...watch what they do. https://toshitimes.com/newly-appointed-goldman-sachs-vice-president-leaves-for-cryptocurrency/ https://toshitimes.com/newly-appointed-goldman-sachs-vice-pr...