Re:Bitcoin Hash Rate Rapidly Growing Despite Price
by krageon on Tuesday July 17, 2018 @09:04AM
(#17549398)
Have you tried sending money internationally with any reliability? Randomly getting shut down by PayPal, waiting for insane amounts of time before normal bank transfers get through, etc. Even if you completely ignore any other aspect of it, this is a legitimate use case that works well.
It won’t. It’s a bubble. No real commodity or currency increases 20x in value in a year. It’s funny-money, Just like the dotcom Boom in the late 1990s.
Bitcoin is basically unused as a currency except by criminals, and has no functional advantages over other payment systems for honest people. Just like stock of pets.com in 1998.