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It's useful now. It could be more useful in the future, or it could be supplanted by something else. All I'm saying is that big changes don't happen as fast as
by cal5k 7y ago
It's useful now. It could be more useful in the future, or it could be supplanted by something else. All I'm saying is that big changes don't happen as fast as people expect, and it's hard to determine where they'll go while they're happening. See: the internet, cell phones, desktop computers, space travel, etc.
- johnpowell 7y agoInternet was expensive when it came out. Remember when it used to be pay by the hour and tied up your landline? I had internet through the University and had to kick people out of my apartment because they would sit at my computer forever. Everyone I knew in high school wanted a cellphone but couldn't afford it. Same with desktop computers. Same with space travel. Everyone wanted that that stuff but it was expensive. Bitcoin isn't hard or expensive to get. But still nobody wants it.
- cal5k 7y agoBitcoin trades on open markets. If it was worth nothing and nobody wanted it, it would trade at $0. Instead, 1 Bitcoin is currently trading at $8,400 USD. Tens of billions of dollars are tied up in it, and it's impossible to trivially create new Bitcoin. So... pretty much exactly the opposite of what you're arguing.