> FWIW, I still think cryptocurrencies will outlast all existing government-backed fiat currencies. The difference is that I don’t think it’s going to happen on any predictable timeframe.
Nothing about this prediction gives Bitcoin any value. If you/early buyers hoard it all, that means starting a new chain is less effort than buying it from you. There isn’t scarcity here, let alone use value.
(Read “blockchain” as “Google Docs spreadsheet” and “Bitcoin wallet” as “spreadsheet cell”.)
Nothing about this prediction gives Bitcoin any value. If you/early buyers hoard it all, that means starting a new chain is less effort than buying it from you. There isn’t scarcity here, let alone use value.
(Read “blockchain” as “Google Docs spreadsheet” and “Bitcoin wallet” as “spreadsheet cell”.)