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I am not a huge Bitcoin fan, and don't really have a strong opinion on it. It has some real problems, such as its energy usage, and slow transactions. All the t
by bitexploder 5y ago
I am not a huge Bitcoin fan, and don't really have a strong opinion on it. It has some real problems, such as its energy usage, and slow transactions. All the technical complaints aside, which are legitimate, these news outlets write some of the worst pieces on Bitcoin. They are hopelessly biased in many cases and there are a lot of Bitcoin bears that eagerly celebrate its demise or anything negative around it. Sort of like all the folks that get giddy when Tesla stumbles. I think much more unbiased commentary I read recently was Bridgewater / Dalio's analysis: https://www.bridgewater.com/research-and-insights/our-thoughts-on-bitcoin https://www.bridgewater.com/research-and-insights/our-though...
It is a very balanced take and Ray lays out the risks very clearly without all the breathlessness around volatility, etc.
- Ensorceled 5y agoThis is an opinion piece about the volatility of BitCoin based upon its wild fluctuation due to some tweets by Elon Musk. It's biased because it's an opinion piece, but do you have an actual counter to that main concern?
- bitexploder 5y agoBitcoin isn’t meant to be money. I think the volatility is mostly related to China banning cryptocurrency. Elon moves the needle only a little IMO.