3 ms·
> but no real valid reason to do so yet (that I’ve heard). I hold because i expect us to continue approaching the game-theoretic attractor. I've held for years
by MarkPNeyer 6y ago
> but no real valid reason to do so yet (that I’ve heard).
I hold because i expect us to continue approaching the game-theoretic attractor. I've held for years and will keep holding. Every year, i see more and more people coming around to my perspective.
How many years can you watch the price keep going up before you'll eventually consider that you might be missing something?
> We know transactions are slow and expensive,
lightning network obviates this problem
> it’s often regulated such that it needs to be fully declared (removing the whole anti-gov part)
The government still can't print more bitcoin, which is the main appeal for me.
They also cant technically block anyone from recieving coins. They can make doing so a crime, but don't have the technical ability to, say, freeze funds.
> typically markets eventually correct when there’s no underlying true value proposition
Given that bitcoin is over 10 years old, shouldn't its longevity be taken as evidence that there is, indeed, a true value proposition?
> which can be executed “well”
Why is 'well' in quotes here?
Are you open to the hypothesis that money printing exacerbates might cause long term issues in society?
- xwolfi 6y agoHow many years can I watch you scam people with get rich quick arguments "invest now, it can only go up"? Forever. Make your money the way you want, but I wont participate in something I have no chance to control.
- tuesdayrain 6y ago>Make your money the way you want, but I wont participate in something I have no chance to control. Sounds like you should avoid effectively any form of investing according to this principle.
- SomewhatLikely 6y ago> They can make doing so a crime, but don't have the technical ability to, say, freeze funds. If the governments of the world made it a crime for miners to include transactions involving certain blacklisted addresses in their blocks that could be a big step towards a freeze.
- solveit 6y agoThat would make it profitable to become an outlaw miner who doesn't care where the transactions are coming from. Then they will outcompete the above-board miners, because they will be able to spend more money to buy ASICs while remaining profitable, ensuring that control of the blockchain will be in the hands of criminals. The only way to prevent that is go nuclear and control the production and trade of silicon chips like we do with munitions. And even this is a very low-probability scenario. The most likely outcome is that the US and a few European countries try to do this, China laughs and does nothing, and Bitcoin belongs to China pretty soon (if it doesn't already).
- graeme 6y ago> lightning network obviates this problem I first heard someone mention this circa 2014. What happened? If anything fewer people try to use bitcoin for transactions since then. And if the point is to hold and never sell why buy anything with bitcoin?
- xur17 6y agoLightning network usage is alive and growing. Numerous merchants and exchanges all accept it.