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The amount of FUD in every Bitcoin-related thread on HN is mind boggling. The network is decentralized, permissionless, pseudonymous and cheap. It is a stable
by tmarice 6y ago
The amount of FUD in every Bitcoin-related thread on HN is mind boggling.
The network is decentralized, permissionless, pseudonymous and cheap. It is a stable protocol and layer 2 solutions are being built upon it to address the downsides blocking every day use.
He who controls the money, controls the world. The control is slipping and the roaches are starting to run around in panic.
- oraphalous 6y agoCostly signalling theory is what I'd suggest to all the folks on this thread that struggle to wrap their heads around the wastefulness of it all...
- lxgr 6y ago> cheap [citation needed]
- xiphias2 6y agoIt just means that Bitcoin holders are still early adopters. I have seen Ethereum described as a scam many times for example, but in reality it just makes different tradeoffs than Bitcoin (some of them I like, but with other tradeoffs I'm not comfortable with).
- ivanche 6y ago> He who controls the money, controls the world. The control is slipping and the roaches are starting to run around in panic. Well considering that FBI, State of Bulgaria and a guy nobody ever saw (his alleged initials are SN) are 3 largest bitcoin holders I'd say that it's pretty clear who will have the control of the world! Also, world population is around 8 billion. Number of bitcoin wallets is around 65 million, or a whopping 0.8% (not counting probably myriads of people having more than 1 wallet).