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Pretty poor article that has the usual Bitcoin bingo points - criminals and terrorism (because that didn’t exist before 2009?) and volatility. It misses more i
by amjnsx 3y ago
Pretty poor article that has the usual Bitcoin bingo points - criminals and terrorism (because that didn’t exist before 2009?) and volatility.
It misses more interesting aspects or theories about bitcoin - it’s scarcity or how it supposedly incentivises clean energy.
It also misses an obvious reason it’s pumping which is the looming approval of the ETF’s supposedly in January.
- deleted 3y ago[deleted]
- phatfish 3y agoYou have to actually read to the end of the article to get to the bit about ETFs.
- ffgjgf1 3y ago> also misses an obvious reason Isn’t it just following the stock and bond markets just with a whole lot more volatility?
- sph 3y agoI think it was one of the better from mainstream media: no more doom and gloom, or Bitcoin is a scam that is going nowhere. This time, the Economist, is recognising that until there are two people in the world that believe it has value, Bitcoin will exist. It might not reach the moon, but it will not reach zero anytime soon. They call it the cockroach theory, and I believe it is a massively underrated feature. As much as this forum would like it to be stamped out, for some irrational reason, Bitcoin is here to stay, like it or not. It's just a piece of technology after all.