Read Millionaire Fastlane
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- Aug 27, 2018
At least I take that train of thought seriously. I am not saying that is definitely the case.So what are you saying that Bitcoin is just a demo-lunch for other crypto( the one that replace fiat money), and the value his has now is just due to FOMO investors
Bitcoin as a currency has serious limitations. That is why investors who believe it is a great alternative to gold determine its fate, not idealists.
Our mental models around Blockchain and Bitcoin are extremely crude. Assume that blockchain technology does actually completely transform the world of finance. There is an infographic that illustrated that things miiight get complicated.
I try to think about how the world will develop by playing the thought and so far I think goverments and companies are in a position to decide how we enter this new age.
Arguably a monetary reform is in our near future. Even if Bitcoin was actually the innovation, not a test run, Bitcoin will have to prove itself over and over again.
Yes, agreed. But all of us have that problem. I just think your innovation argument is too vague. Sure, blockchain technology will be around ... but why is the probability that Bitcoin has a Kodak moment (the one where Kodak suddenly seized to matter - hey, they had one of the first digital cameras and decided they suck and have no future).IMO, your thinking is too narrow. I don't expect this to change your opinion. It does seem like you're on the journey to find truth, though. If, after researching and processing what I am saying, you still disagree...that's fine.
In that vast universe of blockchain based "future finance", Bitcoin only has the potential to be the gold equivalent. That is worth something, definitely.
But is completely wrong to equate the future of finance with Bitcoin.
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