Re:Bitcoin breaks above $20k
by CryptoPunk on Wednesday December 16, 2020 @11:40PM
(#25452536)
Up until 2015, price talk was heavily discouraged in /r/Bitcoin.
It was all about adoption - new merchants accepting it, new people spending it, new use-cases enabled by its peer-to-peer electronic cash and immutable and permissionless record-keeping functionality, etc.
Everything changed after the 'purge', where the head moderator took a harsh stance against members trying to build consensus for a hard fork that would help realize Bitcoin's potential as a global peer-to-peer electronic cash, and started banning people left and right. The Bitcoin subreddit turned into a full time price pumping forum after that.
Ironically, Bitcoin saw more rapid price growth before 2015, when the primary topic of discussion was consciously steered away from price, than after.
It was all about adoption - new merchants accepting it, new people spending it, new use-cases enabled by its peer-to-peer electronic cash and immutable and permissionless record-keeping functionality, etc.
Everything changed after the 'purge', where the head moderator took a harsh stance against members trying to build consensus for a hard fork that would help realize Bitcoin's potential as a global peer-to-peer electronic cash, and started banning people left and right. The Bitcoin subreddit turned into a full time price pumping forum after that.
Ironically, Bitcoin saw more rapid price growth before 2015, when the primary topic of discussion was consciously steered away from price, than after.