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Bitcoin has been dead hundreds of times already, it can die one more time [1]. 1: https://www.bitcoinisdead.org/ https://www.bitcoinisdead.org/
by rawtxapp 5y ago
Bitcoin has been dead hundreds of times already, it can die one more time [1].
1: https://www.bitcoinisdead.org/ https://www.bitcoinisdead.org/
- quickthrower2 5y agoActually bitcoin is more dead now than it was in 2013 - if your metric is real world use of the protocol. For example buying coffee with bitcoin. Or using it somewhere where it isn’t just turned immediately back into fiat by a 3rd party providing effectively a convenient “sell the bitcoin on Coinbase then pay with fiat” service. Bitcoin is a speculative bubble and not much else. The only hope it has is to be adopted as a reserve currency (not just legal tender) by many countries, and thus cement its value and then people will really be using it as a currency albeit on secondary layers, most likely provided by a number of centralised “PayPal-like” entities. I don’t have faith in Lightning Network. Spend $50 to lock up $5000 where someone else can close you down and cost you $50 and you run around trying to find peers and be your own bank? No thanks. So Bitcoin is a call option on this “hyperbitcoinisation” and anything less means it’s completely dead or just an occasional decentralised ponzi.
- SRTP 5y agoThis is so hilariously inaccurate it's not worth anyone's time to sit down and debunk it. You sound like someone who sold all his BTC in 2012 and bought a 2nd hand Honda Civic with the proceeds, thinking you'd beaten the system.