btcd

4 ms·

1. 1.▲
   by btcd 7y ago

   This is not true. I used to be a professional market maker in Bitcoin. This year, Bitcoin market is relatively calm in at least half of the time, meaning 12 hours out of a 24-hour day, longer than most established equity market. Under these
2. 2.▲
   by btcd 7y ago

   I think it's fair to blame the marketing mistake. Bitcoin was built for the purpose of making convenient payments. However, it turned out to be an ingenious alternative to gold. I wish it were labelled cryptoasset instead of cryptocurr
3. 3.▲
   by btcd 7y ago

   That is a side effect, not the purpose. Millionaires can use Bitcoins to move their wealth too. I'd say even for a transaction of $1,000, it is often cheaper to move in Bitcoins. On the contrary: the purpose of private banks is almost
4. 4.▲
   by btcd 7y ago

   Although interesting in its own right, Bitcoin's energy consumption is in no way a good basis on which to judge its social value. Bitcoin is fundamentally an asset. A useful analogy is to think of it as gold. Gold can be used to make p
5. 5.▲
   by btcd 7y ago

   Bitcoin's main function is store of value, with the additional benefit of being relatively easy to transfer. It is basically a more convenient form a gold. After all these years of growth, Bitcoin's market cap becomes its own uniq