4 ms·

I won't say much about the article as it's a topic that has been discussed plenty of times before (The merits and faults of Bitcoin) with often inflammatory res

I won't say much about the article as it's a topic that has been discussed plenty of times before (The merits and faults of Bitcoin) with often inflammatory results, but I will definitively say it's pretty easy and rather intellectually dishonest to attack it only whenever there's a dramatic price swing. Where were all these articles during all those price lull periods? Also, if we're pointing fingers, the influence Coinbase has on Bitcoin is insignificant compared to the Chinese mining conglomerates. The US is not the rest of the world.

kodah 6y ago
> Where were all these articles during all those price lull periods? People are motivated to talk and report based on a myriad of things, but lately this perception of "power" has been center stage. If you ask these people I imagine they would tell you that when Bitcoin hits a high it makes those people, and Bitcoin, very powerful while when it's $8 they're just nobodies wasting time in a dark room and coming up with memes like HODL.
arcticbull 6y ago
Some of us have maintained a strong anti-Bitcoin position at all times. [edit] David Gerard comes to mind - author of Attack of the 50 Foot Blockchain and Libra Shrugged - and HN user (dgerard I think) (https://davidgerard.co.uk/ https://davidgerard.co.uk/) More recently Amy Castor, also an HN user (amycastor) (https://amycastor.com/ https://amycastor.com/) And of course Bitfinex’d is back and public again on Twitter. (https://twitter.com/Bitfinexed https://twitter.com/Bitfinexed)
- bombcar 6y ago
  /r/buttcoin has memes but it also has some pretty serious discussions
  - arcticbull 6y ago
    One thing I really appreciate about them is unlike literally every other crypto sub, they’re not an echo chamber. Nobody as far as I can tell is ever banned for being pro-crypto, or posting pro-crypto content. If they’re hard-core shills or brigading they get downvoted or get slapped with a playful flair (“warning, I have the brain worms” is my favorite haha). As such it gets a lot of pro-crypto folks participating to get a different perspective. It’s not high brow HN level discourse but to your point a lot of serious stuff ends up there. Considering the topic it’s pretty balanced.
Grim-444 6y ago
What price lulls? Before 2017 the price of Bitcoin was stable as it wasn't worth anything. From 2017 to 2021 the price of bitcoin has changed every year by: 1,300%, 71%, 75%, 328% Compared to the DJIA, which over the same years changed every year by: 25%, 8%, 21%, 11% In the last four years, two of those years have had price changes in the hundreds of percent, and the other two years the change was still 300% the greatest change in the DJIA across any of those four years.
- Judgmentality 6y ago
  > Before 2017 the price of Bitcoin was stable as it wasn't worth anything. You live in an alternate reality.
  - anonisko 6y ago
    Yeah, this is a wildly ignorant take. Pre 2017 was crazy volatile and unstable. It's still crazy, especially compared to regulated, national markets, but it does seem to be gradually smoothing out from the wildness of it's youth. https://www.buybitcoinworldwide.com/volatility-index/ https://www.buybitcoinworldwide.com/volatility-index/
- 3np 6y ago
  Volatility has consistently gone down over the years, not up.

kodah 6y ago

> Where were all these articles during all those price lull periods? People are motivated to talk and report based on a myriad of things, but lately this perception of "power" has been center stage. If you ask these people I imagine they would tell you that when Bitcoin hits a high it makes those people, and Bitcoin, very powerful while when it's $8 they're just nobodies wasting time in a dark room and coming up with memes like HODL.

arcticbull 6y ago

Some of us have maintained a strong anti-Bitcoin position at all times. [edit] David Gerard comes to mind - author of Attack of the 50 Foot Blockchain and Libra Shrugged - and HN user (dgerard I think) (https://davidgerard.co.uk/ https://davidgerard.co.uk/) More recently Amy Castor, also an HN user (amycastor) (https://amycastor.com/ https://amycastor.com/) And of course Bitfinex’d is back and public again on Twitter. (https://twitter.com/Bitfinexed https://twitter.com/Bitfinexed)

bombcar 6y ago
/r/buttcoin has memes but it also has some pretty serious discussions
- arcticbull 6y ago
  One thing I really appreciate about them is unlike literally every other crypto sub, they’re not an echo chamber. Nobody as far as I can tell is ever banned for being pro-crypto, or posting pro-crypto content. If they’re hard-core shills or brigading they get downvoted or get slapped with a playful flair (“warning, I have the brain worms” is my favorite haha). As such it gets a lot of pro-crypto folks participating to get a different perspective. It’s not high brow HN level discourse but to your point a lot of serious stuff ends up there. Considering the topic it’s pretty balanced.

Grim-444 6y ago

What price lulls? Before 2017 the price of Bitcoin was stable as it wasn't worth anything. From 2017 to 2021 the price of bitcoin has changed every year by: 1,300%, 71%, 75%, 328% Compared to the DJIA, which over the same years changed every year by: 25%, 8%, 21%, 11% In the last four years, two of those years have had price changes in the hundreds of percent, and the other two years the change was still 300% the greatest change in the DJIA across any of those four years.

Judgmentality 6y ago
> Before 2017 the price of Bitcoin was stable as it wasn't worth anything. You live in an alternate reality.
- anonisko 6y ago
  Yeah, this is a wildly ignorant take. Pre 2017 was crazy volatile and unstable. It's still crazy, especially compared to regulated, national markets, but it does seem to be gradually smoothing out from the wildness of it's youth. https://www.buybitcoinworldwide.com/volatility-index/ https://www.buybitcoinworldwide.com/volatility-index/
3np 6y ago
Volatility has consistently gone down over the years, not up.