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The bitcoin faithful don't like to hear that having 'faith' is not the same thing as 'being in demand.' What you see now is not the movement of a currency (a s
by beezle 6y ago
The bitcoin faithful don't like to hear that having 'faith' is not the same thing as 'being in demand.' What you see now is not the movement of a currency (a stable temporary store of value) but the modern day equivalent of tulip bulbs (which are at least pretty when planted). Happy to revisit at a time when it actually behaves like a currency and can be readily and easily used as a substitute for one in everyday consumer transactions.
https://en.wikipedia.org/wiki/Extraordinary_Popular_Delusions_and_the_Madness_of_Crowds https://en.wikipedia.org/wiki/Extraordinary_Popular_Delusion...