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Both things are well understood by the bitcoin community, at least. Bitcoin's utility doesn't depend solely on inflation or replacing the dollar as the global r
by jonstaab 5y ago
Both things are well understood by the bitcoin community, at least. Bitcoin's utility doesn't depend solely on inflation or replacing the dollar as the global reserve currency, though that's a popular topic, since the collapse of the dollar would prove Bitcoin's place. For the second point, HODLing seems like it's forever, but it's only for the next decade or two; the expected growth comes from getting in early - just like if you bought an Warhol painting while he was still active.
So I agree, but the author of the article is using these arguments to strawman the crypto community, which is full of really smart people as well as idiots.