Bitcoin’s Overnight Collapse Probability Is About 50%

Re:Bitcoin’s Overnight Collapse Probability Is About 50% by fanciestManimal on Tuesday February 16, 2021 @11:54AM (#26155924)

And yet people still own dollars. I own various investments, and also dollars.

I'm aware of what a hard fork is, I'm also aware of what a 51% attack is. The risk of that down the road could be a fair amount of incentive for folks (and the network effect) to get on board. I'm not saying something will happen there. You do need to maintain clarity to understand the reality of what's possible though. It's also possible that bitcoin's first mover advantage is overcome at some point.

As I said, I own some cryptocurrency too. It's important to see through the mania that is the current market.

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Re:Bitcoin’s Overnight Collapse Probability Is About 50% by solosoyokaze on Tuesday February 16, 2021 @11:56AM (#26155950)

You (and I) own dollars but the government can always print more. It's like owning shares in a company that has the habit of regularly issuing more shares, diluting you. We know the denominator on BTC (21,000,000) the denominator on USD is unknown and always increasing.

The fixed, deflationary nature of Bitcoin isn't the only financial instrument we need, but it is desperately needed in its own right.

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