4 ms·
To everyone claiming that bitcoin isn't a currency, no shit! Currency doesn't happen overnight, it's a process to get there. Just like anything revolutionary,
by songzme 14y ago
To everyone claiming that bitcoin isn't a currency, no shit!
Currency doesn't happen overnight, it's a process to get there. Just like anything revolutionary, it takes time before anyone knows what it will be come. By the time (with a very big IF) bitcoin becomes a viable currency, it's price won't be $200 anymore. It'll be at least a few thousand per coin and people will be transacting in micro bitcoins.
What bitcoin is going through right now, is puberty. If you invest early, you reap profits. If you invest after it is stable, there is very little profit to be made.
Love and give every new idea a chance until you've used it and have a personal reason to hate it.
Negative speculation is for chumps
- Helianthus 14y agoI have a personal reason to hate it: it thinks it's revolutionary when it's actually just... money. It solves no problems because it carries greed with it.
- mattacular 14y agoIt solves the problem of giving Libertarians something to feel good about?
- mattm 14y ago"It" is just a system. It doesn't think anything. It's the people who think it's worth using it for something. So really you hate the people that use it.
- Helianthus 14y agoFair (though a bit pedantic :P). And to be clear, I don't really _hate_ them (or the system). I had to phrase it that way as a rejoinder to his statement; but I am deriving _so_ much amusement out of this whole debacle.
- dcc1 14y agoIt solves two huge problems merchants face 1. Ultra low transaction fees 2. No chargebacks/reversals 1 and 2 are features of Credit Cards and Paypal which make ads up to a sizable % to anyone trying to sell online.
- chii 14y agogreed, when directed with proper force, is how progress is made. unchecked greed, of course, is when progress happens unevenly for society.
- 6thSigma 14y agoI don't hate Bitcoin, in fact I think it's a really cool idea, but I think the mindset you are portraying is very bad. Ignoring all but positive speculation is pretty much the definition of a bubble.
- smrtinsert 14y agoIt's the speculators! Where have I heard that before?
- andyakb 14y agoHow is positive speculation any more admirable?