Re:Bitcoin breaks above $20k
by pdpi on Wednesday December 16, 2020 @10:13PM
(#25451984)
Ranging 2015—mid 2017, BTC was slowly going up in price, in a nice steady fashion. It wasn’t until late 2017 that things went completely apeshit.
At any rate, the price instability is exactly that — unstable. It’s not systematic hyperflation. For when you don’t have access to conventional forex, it’s better than nothing.
> You're not wrong for wanting to help poor people. But people need to come to the realization that bitcoin has been Theranos-like the whole time. It's a waste of time if you're goal is to help the poor.
Yeah. That’s a large part of why I used to work at a Bitcoin company.
At any rate, the price instability is exactly that — unstable. It’s not systematic hyperflation. For when you don’t have access to conventional forex, it’s better than nothing.
> You're not wrong for wanting to help poor people. But people need to come to the realization that bitcoin has been Theranos-like the whole time. It's a waste of time if you're goal is to help the poor.
Yeah. That’s a large part of why I used to work at a Bitcoin company.