Re:Worries Grow That the Price of Bitcoin Is Being Propped Up
by celticninja on Thursday February 01, 2018 @12:23PM
(#16283691)
It's like people assume the current financial system is perfect and bitcoin is not. Bitcoin never pretended to be, it's still an experiment 10 years in, but its a fun expierment.
[ Parent
| on HN ]
Re:Worries Grow That the Price of Bitcoin Is Being Propped Up
by IntronExon on Thursday February 01, 2018 @01:29PM
(#16284363)
It’s fun while it’s worth a bucketload. When people start losing their shirts and dumpster loads of ASICS are being burned for cooking fires... less fun.
(Some hyperbole engaged above)
Re:Worries Grow That the Price of Bitcoin Is Being Propped Up
by conanbatt on Friday February 02, 2018 @12:16AM
(#16288592)
There's a massive difference in crypto over fiat. In the US, if you have a debt they can take back your home, you can get harassed and taken to court.
The stakes are not that high for crypto wealth. Its unenforceability makes the stakes a lot lower for tragedy.