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I think this article is pretty much on point. Bitcoin's price isn't really what matters, even bitcoin specifically doesn't really matter. What matters is wheth
by netcan 12y ago
I think this article is pretty much on point.
Bitcoin's price isn't really what matters, even bitcoin specifically doesn't really matter. What matters is whether or not the technology will have wide adoption, how that looks, and what sort of effects that will have.
The price of bitcoin is a side game. The volatility makes for flashy daily "news" as fortunes blink in and out of existence but that doesn't ultimately matter.
Money is the original network effect technology. I also suspect that banks and the entire financial system is incredibly fat and lazy. This enormous industry could be usurped.