4 ms·
I think this is one of those things where people overestimated how much things would change in the short-term, but will grossly underestimate how much they will
by MediumD 6y ago
I think this is one of those things where people overestimated how much things would change in the short-term, but will grossly underestimate how much they will change in the longterm.
5 years is a pretty short window in the grand scheme of things when talking about the adoption of technologies.
- thekyle 6y agoGold has been in use for hundreds of years and yet it's still very volatile. If Bitcoin is digital gold that doesn't really solve the volatility problem.
- hn_throwaway_99 6y agoI don't think people are arguing bitcoin will be less volatile than gold, but BTC is currently still an order of magnitude more volatile than gold. Point being that even with gold's volatility it is still seen by pretty much everyone as a viable store of value, and I think BTC will be similar.