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A comment on Bitcoin’s Overnight Collapse Probability Is About 50%. Parent comment

Re:Bitcoin’s Overnight Collapse Probability Is About 50% by parasubvert on Tuesday February 16, 2021 @11:28AM (#26155540)
Bitcoin isn’t likely to be banned. Might as well ban World of Warcraft gold while you’re at it.

Clearly it has value as a speculative vehicle and as a systemic risk hedge (like Gold). Whether it can become a true currency is still debatable. Its infrastructure feels more like selling stock or bonds today.

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Re:Bitcoin’s Overnight Collapse Probability Is About 50% by bhouston on Tuesday February 16, 2021 @11:31AM (#26155593)
It is not a currency. It is an asset like gold for sure. I think because it is deflationary in nature, it will stay an asset. Currencies need inflation to encourage spending.
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Re:Bitcoin’s Overnight Collapse Probability Is About 50% by parasubvert on Tuesday February 16, 2021 @04:13PM (#26158866)
100x this. I still don't quite get the logic behind hard money.
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