Re:The Bitcoin bubble – Greater fool theory
by mywittyname on Thursday November 09, 2017 @11:49AM
(#15663869)
> Bitcoin has the potential to actually change the world
Statements like this are, IHMO, the driver behind the BTC hate. It's the pure hyperbole typical of the tech scene.
It's not world-changing, it's just a payment processing platform. The decentralized aspect is interesting, but doesn't add value for most use cases. Venmo is free, super easy to use and there's little risk of my Mom permanently losing all of her funds from the account.
For the general public, the only thing BTC has changed in the world is it has given hackers the facilities to extort them.
Statements like this are, IHMO, the driver behind the BTC hate. It's the pure hyperbole typical of the tech scene.
It's not world-changing, it's just a payment processing platform. The decentralized aspect is interesting, but doesn't add value for most use cases. Venmo is free, super easy to use and there's little risk of my Mom permanently losing all of her funds from the account.
For the general public, the only thing BTC has changed in the world is it has given hackers the facilities to extort them.