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> Example, minting bitcoins in 2010 was unimportant and non urgent activity, those who did this activity gained a ton. This take completely ignores time as dim
by lostmsu 5y ago
> Example, minting bitcoins in 2010 was unimportant and non urgent activity, those who did this activity gained a ton.
This take completely ignores time as dimension. It is incorrect to think minting bitcoins in 2010 was unimportant. In retrospective it was very important.
- atoav 5y agoEverything could have been potentially important in hindsight. Back in the day nobody knew that bitcoin would become an object of speculation. I recall paying for coffea with bitcoin and the payment took 30 minutes despite higher transaction fee than paypal. In this metric bitcoin still is worthless today.
- lostmsu 5y agoThe point is that quadrants are moot because you might not really know what belongs to which quadrant - only make guesses.