4 ms·
Right, so you can understand that it seems like a scam when people are saying that investing in something with limited utility is going to be worth 100x what it
by gitfan86 3y ago
Right, so you can understand that it seems like a scam when people are saying that investing in something with limited utility is going to be worth 100x what it is today in purchasing power.
- I_am_tiberius 3y agoYes, that price focus is really silly and distracts from the actual utility. But for me that doesn't explain the hostility here on hackernews.
- pcthrowaway 3y agoExactly. I'd be happy if the market cap of the entire ecosystem dropped 90% (though it would devalue my own holdings), because it would take the focus off the price. Although I'm sure it would just give more ammunition to the people who call it useless and currently criticize it based on its speculative nature. I don't think it will drop that much anyway, maybe 60% at most from current prices Aside: what I really want more than anything else is for bitcoin to just disappear from the whole conversation, because it's been demonstrated to be unsustainable, especially since most other blockchains can be sustained on 0.00001% as much energy.