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A comment on Why I'm Putting All My Savings into Bitcoin (2011). Parent comment

Re:Why I'm Putting All My Savings into Bitcoin (2011) by lern_too_spel on Tuesday June 13, 2017 @06:35PM (#14549252)
This article is another indication. The author understands neither the technical details of the blockchain (he believes transfers happen instantly without any fees) nor the economics.

From an economic perspective, the more ransomware there is, the more the demand curve for Bitcoin shifts right. In that respect, Bitcoin is a vehicle to bet on the growth of black markets.

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Re:Why I'm Putting All My Savings into Bitcoin (2011) by magma17 on Wednesday June 14, 2017 @07:15PM (#14556778)
by then, transfers happened instantly without any fees. maybe you have to learn before you can speak.

BTW, how many btc you bought in 2011? let me guess... zero.

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Re:Why I'm Putting All My Savings into Bitcoin (2011) by lern_too_spel on Friday June 16, 2017 @05:17PM (#14572720)
The article was written on May 29, 2011. The average transaction fee in that month was .02 BTC. The average block time was 10 minutes. Neither of your claims is true.
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