Founders Fund Makes Bet on Bitcoin

Re:Founders Fund Makes Bet on Bitcoin by prostoalex on Tuesday January 02, 2018 @02:25PM (#16054623)

> Bitcoin was not designed to be a high-throughput currency. It's a store of value.

Could've fooled me with the whitepaper title "A Peer-to-Peer Electronic Cash System".

Before a store of value it was also billed as a mechanism to high-fee trans-border remittances, a solution for micropayments on the Web, currency replacement for countries with high local currency volatility, etc.

[ Parent | on HN ]

Re:Founders Fund Makes Bet on Bitcoin by sillysaurus3 on Tuesday January 02, 2018 @02:32PM (#16054711)

Meanwhile, BTC just hit $15k.

You're free to snipe at it, but it's simply a financial wishing well. You throw your money in and wish for more, and maybe you get some.

The world will go along with or without you. And the more people that do, the more BTC fulfills its current purpose.

Careful, though, because if the entire world decides to do that, you could find that not having any BTC isn't a very good position to be in.

[ Parent | on HN ]

Re:Founders Fund Makes Bet on Bitcoin by oreo81 on Tuesday January 02, 2018 @03:44PM (#16055454)

You're one of the few that isn't blind.

[ Parent | on HN ]