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The author is saying it's lack of ability to be medium of exchange is reason for it's failure and their decision to short it, I am saying that you need to consi
by washedup 6y ago
The author is saying it's lack of ability to be medium of exchange is reason for it's failure and their decision to short it, I am saying that you need to consider all facets of the technology. It might fail as currency today, but that doesn't mean it won't in the future or that it has other useful properties today
- mbesto 6y ago> I am saying that you need to consider all facets of the technology. And to your point the author did assess it as a medium of exchange and deemed it a failure. > but that doesn't mean it won't in the future or that it has other useful properties today Just as you think it has a future, the author thinks it doesn't - hence the short position. But saying that the author didn't consider all aspects is disingenuous - they literally did, they just don't agree with you. Also, you talked about other uses like "protocol and secure network". Aren't these just features of the technology that powers BTC (e.g. blockchain)?