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Re:Bitcoin – Potential Network Disruption on July 31st by acjohnson55 on Thursday July 13, 2017 @12:59AM (#14758842)
That's a much more informative post than the link, and yet, I still don't really understand all the jargon.

But it also reinforces for me just how not ready for primetime BTC is, and it makes me think the appreciation over the past year is truly insane.

Re:Bitcoin – Potential Network Disruption on July 31st by erikpukinskis on Thursday July 13, 2017 @02:00AM (#14759059)
Bitcoin doesn't need to be prime time at all. Almost no banking services, outside of checking accounts and index funds, are "ready for prime time" and yet banking services is a huge market.
Re:Bitcoin – Potential Network Disruption on July 31st by acjohnson55 on Thursday July 13, 2017 @09:56AM (#14761220)
Fair point, but that still leaves a burden of proof to show what niche Bitcoin fills and how much that should be worth. It has to become a major pillar of either consumer spending or the financial system to justify its value.

Don't get me wrong, I think the concept is brilliant. I just don't see how nearly 10x value was created in about a year.

Re:Bitcoin – Potential Network Disruption on July 31st by vortico on Thursday July 13, 2017 @06:12AM (#14760065)
I would guess that the market value of Bitcoin will sink a bit due to the muddiness of this announcement. Which suggests that a centralized party (Bitcoin.org) has a great effect on Bitcoin after all, despite its appeal of being a decentralized currency.
Re:Bitcoin – Potential Network Disruption on July 31st by Hydraulix989 on Thursday July 13, 2017 @01:43AM (#14758987)
The demand for something like BTC is clearly there though.
Re:Bitcoin – Potential Network Disruption on July 31st by jrimbault on Thursday July 13, 2017 @09:22AM (#14760979)
How many individuals/7B is there?
Re:Bitcoin – Potential Network Disruption on July 31st by mdekkers on Thursday July 13, 2017 @06:17AM (#14760085)
the appreciation over the past year

*Speculation

Re:Bitcoin – Potential Network Disruption on July 31st by JackFr on Thursday July 13, 2017 @10:26AM (#14761494)
Not just simple speculation, explicit "greater fool" speculation.