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You can evaluate Bitcoin by how many users it has, how many transactions it facilitates, what kind of new concepts it enables, the usefulness of un-censorabilit

You can evaluate Bitcoin by how many users it has, how many transactions it facilitates, what kind of new concepts it enables, the usefulness of un-censorability, how many countries are adopting it (or likely to adopt it), etc. If you're going to use athletes past performance for betting, you can always use Bitcoin's past performance of 300% YoY appreciation for forecasting it's price too, but we both know that's useless.

AlexandrB 5y ago
> how many users it has, how many transactions it facilitates, ... how many countries are adopting it (or likely to adopt it) By these metrics, isn't fiat currency vastly more valuable? Yet even when a new fiat currency is created, you don't get a rush to "invest" in it. > what kind of new concepts it enables, the usefulness of un-censorability These are extremely squishy and any measure of value here is extremely subjective. Plus the latter property is not yet proven. Bitcoin, in particular, makes it very easy to trace the source/destination of a transaction. The same anti-money-laundering KYC practices that allow taking down drug dealers[1] could be used to censor someone from receiving donations/payments. [1] https://www.theverge.com/2018/6/27/17509444/dark-web-drug-market-money-laundering-hsi-dark-gold https://www.theverge.com/2018/6/27/17509444/dark-web-drug-ma...