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>The majority of that group can't even easily come up with $1,000 in the case of an unexpected financial emergency. They could if they had been saving in bitco
by scottmsul 5y ago
>The majority of that group can't even easily come up with $1,000 in the case of an unexpected financial emergency.
They could if they had been saving in bitcoin :)
- tudelo 5y agoDefinitely some survivor-ship bias but damn is that a good problem to have
- scottmsul 5y agoWe're still insanely early. Given bitcoin's monetary properties, a $1T market cap is ridiculously small.
- tudelo 5y agoTangentially related, do you have any thoughts on ethereum or other alternative crypto projects? Or are you bitcoin or bust?
- scottmsul 5y agoI personally only own bitcoin, but obviously there's other opinions out there. The way I see it, the goal of bitcoin is to store value, whereas the goal of other projects is to achieve some non-SoV utility (payments, smart contracts, etc). First, solving the money problem is a much bigger deal than solving utility problems. Second, as the bitcoin ecosystem evolves, I believe technological solutions will be developed on top of bitcoin for those utilities, negating the need for separate tokens.
- tudelo 5y agoThanks for the insight. It will be really interesting to see were bitcoin and altcoins land in 20 years. I'm a crypto-noob personally and have only dabbled, but in the short term the world outside of bitcoin looks pretty damn interesting.