3 ms·
> There is no logical application of Bitcoin besides using it as an aggregate chain for L2 systems - Best application is to be a store of value - similar to Go
by RestlessMind 3y ago
> There is no logical application of Bitcoin besides using it as an aggregate chain for L2 systems -
Best application is to be a store of value - similar to Gold, which a lot of entities (individuals, governments, corporations) can use in addition to gold to hold their savings in.
> in other words, it's dead, Jim.
I offered this during the depths of the crypto bear market and can offer now as well - wanna bet about what happens in 10 years? I take the side that BTC will still be around and will have reached newer highs in that period.
- smoldesu 3y agoI've already shorted it. Bet all you want, it's your money not mine. Just don't piss and moan to me when you're caught in the mining difficulty death-spiral come a few years.
- RestlessMind 3y agoSounds good. I have gone long. See you in a few years.