What Bitcoin’s White Paper Got Right, Wrong and What We Still Don’t Know (2018)

Re:What Bitcoin’s White Paper Got Right, Wrong and What We S... by SpicyLemonZest on Saturday October 31, 2020 @04:12PM (#24954808)

I don't blame Bitcoin for being volatile. I just don't see how its volatility is consistent with the claim that it represents an innovation in protection against inflation.

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Re:What Bitcoin’s White Paper Got Right, Wrong and What We S... by martinko on Sunday November 01, 2020 @04:56AM (#24958405)

Again, we are bootstrapping a financial system. Volatility is to be expected. Volatility will decrease with time (lindy effect, adoption, etc.) as it has from the beginning. In the asymptotic target state, btc is the only true scarce asset in the world, uncensorable and with instant global transfers.

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Re:What Bitcoin’s White Paper Got Right, Wrong and What We S... by SpicyLemonZest on Sunday November 01, 2020 @10:42AM (#24960179)

Respectfully, this seems like less of an argument and more of a slogan. It's hard to see why the Lindy effect, adoption, "only true scarcity", uncensorability, or instant global transfers would imply a large eventual decrease in volatility.

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