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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 Islan
by 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?