3 ms·

This isn't true, I'll gladly pay $3 a bitcoin just to get back to my old stash of 10 BTC. Therefore, it's never going to be zero.

• pessimizer 4y ago
  You just said it goes to zero after you get to 10 BTC, I assume for OCD reasons that are not going to be common. I like old stock certificates with pretty designs or interesting histories; there's almost no situation where I wouldn't pay a couple of dollars for one. Being pretty pieces of paper, I imagine they have even more appeal than a number in a distributed database. So that sets a nice theoretical ceiling for bitcoin's theoretical floor.
  • dehrmann 4y ago
    It's worse for bitcoin because old stock certificates look kinda cool on a wall. With bitcoin, are you gonna frame your wallet address?
  • mcbuilder 4y ago
    Which I why I think a deflationary "currency" like bitcoin is more like stock certificates, or, my favorite comparison, the old stone money used on Easter Island. There is just this stupid argument that goes, either bitcoin is worth infinity or zero, which clearly isn't true. At some point nerds like us will start to collect it. Clearly the thing that bitcoin sucks at right now is a currency, the algorithms don't scale in practice. Paradoxically, it was much better as a currency when it was cheap and niche. It seems to have its own roller coaster dynamics baked in, and the only way to stop is for collectively everyone to get off, and what's the fun in that?
• sschueller 4y ago
  And I'll pay you $10 per BTC.