5 ms·
As an "outsider" to Bitcoin-mania, I have to point out how absurd a post like this reads. Or maybe absurd isn't the right word, but it reads like so many manic
by nlh 13y ago
As an "outsider" to Bitcoin-mania, I have to point out how absurd a post like this reads. Or maybe absurd isn't the right word, but it reads like so many manic "to-the-moon" bubbles we've seen before -- tulips, dot-com stocks, housing prices, etc.
I know, I know, this time it's different.
- jasonlingx 13y agoAbsurdity is a prerequisite for any disruptive technology.
- kordless 13y agoThis time? You're using something invented the LAST time around: The Internet. BTW, "To the moon" comments are designed to inspire and raise interest. It's called marketing.
- aninhumer 13y ago>This time? You're using something invented the LAST time around: The Internet. And how well did that turn out for the people who invested in it? The dot com bubble is perhaps the perfect example to demonstrate that even something with real potential can still suffer a speculative bubble.
- jasonlingx 13y ago> And how well did that turn out for the people who invested in it? Pretty damn well... no?
- natrius 13y agoBitcoin is unique in that it's a currency bubble. Any currency that isn't imposed by a government will have to have a growth rate that looks like a bubble on its path to becoming widely adopted. The way that currencies collapse is by people losing faith in them en masse. Either something will happen to make people lose faith in Bitcoin, or it will continue to be adopted and it's value will increase. It sounds absurd because the upside potential for Bitcoin is absurd. It could also be worth zero one day. Time will tell.