Re:Bitcoin is a disaster
by firekvz on Thursday December 31, 2020 @08:17PM
(#25599643)
read my answer, it's pretty well explained there
[ Parent
| on HN ]
You are all missing the the trend over the last 7 years for bitcoin is to create a digital asset that is a store of wealth. To say bitcoin is a payments system in the sense of cash is to miss the executed tech roadmap where cheap one off transactions is a secondary concern (not bitcoin core's). Listen Saylor talk about MicroStrategy's investment in bitcoin. He is very clear that is a store of wealth and appreciating asset on the books, not a payment rail for MicroStrategy subscription base.
Re:Bitcoin is a disaster
by rrrrrrrrrrrryan on Friday January 01, 2021 @01:06PM
(#25605177)
Currency has more than two functions. Transferring wealth is not the same as paying for goods, and storing wealth is not the same as holding a speculative asset class.
Bitcoin is volatile. Holding it is more like holding gold, not USD.
Bitcoin is very easy to move across borders. Moving it is much more like a bank transfer, than paying for a pizza.
Re:Bitcoin is a disaster
by arcticbull on Friday January 01, 2021 @12:18AM
(#25601081)
They haven’t changed Bitcoin a single bit since 2008. Saylor sounds like he got taken by the Bitcoin euphoria.