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The bitcoin market is in deep shit once the general public finds out Lightning Network isn't a valid scaling solution. Sure, it works as a CENTRALIZED scaling solution, but not a decentralized one. Not that the base bitcoin network itself is even decentralized in the first place.
The market can remain irrational longer than you can remain solvent, but on a long enough timeline, dumping bitcoin for silver (while silver is at the floor) is the best move you can make in the long run right now. Sure, some idiot could pump BTC higher, but there is no valid scaling solution, and it's useless without scaling. It's value prospect is also supposed to be based on decentralization, and it's not even decentralized either! There's no god damn fundamentals for it anywhere! It's all just a pump and dump scheme at this point.
I don't get this. BTC doesn't have to be for buying your fucking coffee in the morning. It can be more like the SDR or bank wires. I envision it as a settlement structure for very large transactions. It DOES NOT HAVE TO SCALE! Use sidechains and altcoins to buy your goddamn starbucks...jesus, this isn't that hard folks.
Also, as someone with an Ag DCA just over $12 I really don't see current prices as a "floor"
Nice product placement for ZeroHedge though, I'll give you that.
