Re:The Bitcoin Halving, Explained
by remmargorp64 on Tuesday April 28, 2020 @06:23PM
(#23012867)
Sure, and the same could be said about practically every other crypto-currency.
As to the idea that it isn't subject to whims or political stability, I would argue that one merely has to look at the history of Bitcoin's price to prove that statement is false. Bitcoin's price is highly reactive to political news and random whims of the market (as well as manipulation by bad actors).
I'm not saying that crypto-currency doesn't have its place. I'm just pointing out that a lot of the fundamental principles that people swear by when it comes to Bitcoin are flawed.
As to the idea that it isn't subject to whims or political stability, I would argue that one merely has to look at the history of Bitcoin's price to prove that statement is false. Bitcoin's price is highly reactive to political news and random whims of the market (as well as manipulation by bad actors).
I'm not saying that crypto-currency doesn't have its place. I'm just pointing out that a lot of the fundamental principles that people swear by when it comes to Bitcoin are flawed.