Comment

Comment by 67868018

The number of people commenting who completely misunderstand Bitcoin and crypto is astounding.

Bitcoin will never be used directly for payments, it's a value store. Immutable deflationary digital gold.

I wrote it off for years too because it was too slow and the fees were too expensive. That was the dream they had, but they couldn't realize it at the base layer. I was still walking around last year believing that's the scam they were still peddling, but once you take time to investigate you'll see it will become a major part of the world economy.

COVID helped push this over as bailouts and printing money in the US and the ECB is going to drive a massive movement of money out of the markets and fiat.

Normally you'd see momentum go to bonds when the stocks burst but the bonds situation is unsalvagable.

Also expect a ton of movement to crypto when wealth taxes get implemented to fix economies. They'll use it to hide assets, guaranteed. Form an LLC, siphon the money out that way and into crypto.

parent 67868018 5 years ago

Discussion

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton