4 ms·

I don't know how you expect to come to reasonable conclusions when you generalize that extremely.

• gruez 5y ago
  Am I wrong? Is there a silent majority somewhere who thinks that bitcoin's 1T valuation can be justified by being a slightly better paypal/alipay? As for the "generalize" bit, would adding a "most" qualifier in there placate you?
  • wmf 5y ago
    You're not wrong, but I wouldn't be surprised if the "in it for the tech" people are doing some really heavy rationalization about how number go up is just market validation of superior tech and not a massive bubble.
    • Geee 5y ago
      It's a combination of both. You can think that the bottom price of every cycle is the actual non-hype price for Bitcoin. Hype drives adoption and when the hype dies, there's always people who want to be in it for the long run. "Come for the greed, stay for the revolution."
      • wmf 5y ago
        People who are in it for the long run are planning to cash in on the next bubble, not real-world usage. There will be no revolution.
        • Geee 5y ago
          Revolution is already happening. Owning bitcoin is your vote for it.
  • swiley 5y ago
    >would adding a "most" qualifier in there placate you? Yes probably, there are a decent number of people that see crypto as an alternative to paypal. The SMS/MMS over IP provider I use primarily uses bitcoin for payments probably because paypal did something stupid that made it unusable. There are lots of smaller projects like this where the maintainers just don't want to deal with paypal and bitcoin works very well.