Re:Bitcoin is a bubble, no plans to short-sell: Japan Post B...
by owlmirror on Friday November 17, 2017 @05:32AM
(#15720804)
you have these dilettantes in all emerging markets. The soundness off the underlying technology isn't invalid thereof.
And nobody knows if bitcoins itself are validated at the correct price. We could over estimating it right now or underestimating it and a single bitcoin may be worth a million dollar in 10 years or a billion. we have no way to predict these things. only in hindsight it becomes obvious.
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Re:Bitcoin is a bubble, no plans to short-sell: Japan Post B...
by dozzie on Friday November 17, 2017 @05:56AM
(#15720929)
> you have these dilettantes in all emerging markets.
Yes, but in blockchain case the market consists almost entirely of dilettantes. And it's even worse: those dilettantes often think of themselves as experts.
> The soundness off the underlying technology isn't invalid thereof.
Only the soundness of the protocol for timestamping documents. The soundness of its usage, on the other hand, is usually invalid, except for maintaining a ledger (which is an ordered sequence of transactions, so exactly the use case for timestamping service).