Re:Bitcoin breaks $3K to reach new all-time high
by discombobulate on Sunday August 06, 2017 @05:57PM
(#14943860)
Not significant use. Use. I guess there's two questions; 1) does something work? 2) is it popular for a given case(s). This relates to the delta vs substitutes. In the long run.
1 is yes. 2, I believe it will be. We haven't seen 2 much yet b/c time hasn't occured.
A) wires are better, as far as I can tell. For speed.
B) traditional VCs are investing in token sales, today.
C) crypto hedge funds are open today.
I never claimed there was significant use. I would argue it's a functioning system & there are strong value props (better than alts).
You know there isn't significant use. You want to wait? Wait. I'm fast follower. I like to benefit from new technology. Startups/hackers. That sort of thing. I think other ppl can benefit if they have a look. 99/100 hype is bs. Sometimes though.
It's good to be sceptical. I was.
To review, gray-area suggested Bitcoin could be a speculative bubble because there's strong exuberance and weak fundamentals. You objected to that phrase, claiming that "it works". I said that "works" is too low a standard for strong fundamentals; for that you need significant use driven by a user value proposition stronger than the alternatives.
You claimed, as best I can tell, that significant use is occurring. I am asking you for data demonstrating that. I have been asking Bitcoin advocates for that for years and never received any. You haven't given me any either. Do you have it?