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In no doubt are consumers expectations of cryptocurrency market adoption wildly over speculated but make believe? People who invest is cryptocurrencies are in e
by jpkiser 7y ago
In no doubt are consumers expectations of cryptocurrency market adoption wildly over speculated but make believe? People who invest is cryptocurrencies are in essence shorting the current global financial system.
- dmitriid 7y agoShort: sell (stocks or other securities or commodities) in advance of acquiring them, with the aim of making a profit when the price falls. —— In what way exactly is bitcoin helping to “short global financial system”?
- arbol 7y agoWidespread "belief" in currencies other than those tied to national institutions leads to weakening of the nation state and therefore the current global financial system.
- dmitriid 7y agohttps://news.ycombinator.com/item?id=19896697 https://news.ycombinator.com/item?id=19896697 And yeah. No amount of belief can make bitcoin into a viable currency.
- arbol 7y agoA cheap long shot that will pay out in the event of a gradual shift in attitudes.