Re:No End in Sight for Crypto Sell-Off as Bitcoin Breaches $...
by dragonwriter on Tuesday November 20, 2018 @12:12PM
(#18495460)
> The problem here is not Bitcoin per se, it is the current state of the real world
If Bitcoin doesn't work in the real world, that's a problem of Bitcoin.
> Bitcoin, in a world where it is the sole currency, has the benefits you quoted.
If Bitcoin doesn't offer sufficient benefits in the real world as it is without being the sole currency in the world, there's no plausible route to it becoming the sole currency.
“My clever idea is great if everyone wakes up one day and abandons all other alternatives for it, but not otherwise” is a long winded way of saying “my idea sucks”.
If Bitcoin doesn't work in the real world, that's a problem of Bitcoin.
> Bitcoin, in a world where it is the sole currency, has the benefits you quoted.
If Bitcoin doesn't offer sufficient benefits in the real world as it is without being the sole currency in the world, there's no plausible route to it becoming the sole currency.
“My clever idea is great if everyone wakes up one day and abandons all other alternatives for it, but not otherwise” is a long winded way of saying “my idea sucks”.