4 ms·
Payment systems are not currencies.
by fabianfabian 5y ago
Payment systems are not currencies.
- iSnow 5y agoWhile this is true, early Bitcoin adopters started to conflate the two. Broadly speaking, Bitcoin has seen three or four phases: 1) Cypherpunks with a strong counter-cultural note till 2013 2) BTC as a currency + payment system ("Cheaper and faster than Western Union!") till 2016 after 1) exhausted the addressable market which is small. Lightning network is the semi-centralized attempt at resuscitating this but I have my doubts. 3) "Digital gold", SoV from 2017 when 2) fell on its face From 3) on, you can't really call it a currency anymore as it just doesn't work well. And if it is no longer a functioning currency (despite El Salvador calling it one), IDK what the point is, really.
- tudelo 5y agoWhats the point of trading and investing in non voting stocks? Personally, I have never been a crypto bull. But the thing is you don't have to get the point, and I don't either. There seems to be a large appetite for risk. Add in to the fact that the risk is outside of (for what we/I know) the control of any one individual entity and it becomes pretty attractive.