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That’s a fair argument. A rebuttal would be that a) its value prop as a currency is low in developed countries (assuming you’re in one) and b) a money takes sig
by enether 2y ago
That’s a fair argument. A rebuttal would be that a) its value prop as a currency is low in developed countries (assuming you’re in one) and b) a money takes significant time to become a medium of exchange and theories believe it first needs to become an established store of value, so one could argue that by bitcoin becoming a SoV now it is on the path of potentially becoming a currency. ie basically it may take it 40 more years - is that failure?
But anyway. By failure I meant go to $0 (or close to it)
- codingdave 2y ago> By failure I meant go to $0 If that is your only criteria, then beanie babies have not failed. Almost everything has some value to somebody. Some coins and stamps have inflated values compared to their intrinsic worth. Same with any collectible item. I think that if bitcoin remains basically a unique form of collectible, then its original intent has failed regardless of how much money someone can get by selling one.