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When Bitcoin was high, it was the future. When Bitcoin is low, does it have a future? I wish we would make decisions about a technology's or company's or econ
by rukittenme 12y ago
When Bitcoin was high, it was the future. When Bitcoin is low, does it have a future?
I wish we would make decisions about a technology's or company's or economy's viability based on something less fickle than price.
- piker 12y agoPerhaps the price reflects a collective decision about the technology's viability.
- rukittenme 12y agoDoubtful, the "wisdom of crowds" is useless for something like Bitcoin. It's too new, too revolutionary, too complex for its applications and failures to be apparent to even a select few. Let alone a statistically relevant population.
- lectrick 12y agoYes. I've also noticed a funny thing. If you actually understand Bitcoin, you tend to like it. If you don't seem to understand it, you tend to not like it. This is unfortunate. People seem to understand "money" (although they don't), but it is enough that they think they do. Not sure if that will work out with Bitcoin.