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1  Bitcoin / Bitcoin Discussion / Re: "What happens if bitcoin succeeds?" on: March 11, 2021, 06:52:25 PM
an article that talks about price all the time and calls that "success" is not worth reading in my opinion. bitcoin's success is not about what price level it is going to reach, the price is only the byproduct of the actual success which is defined as how decentralized bitcoin is and in short how much did it stick to the basic principles that are defined for it
https://en.bitcoin.it/wiki/Principles_of_Bitcoin

That's perhaps what some of us believe. Most investors atm, especially those spamming HODL everywhere, are mostly interested in Bitcoin for its price rising. Its value as an investment cannot be a means to an end. Currently, Bitcoin is mostly just severe wealth redistribution. Most general investors, when pressed, end up accepting its issues in practical use and make clear their belief Bitcoin is some "store of value", and believe that's sustainable or practical. I don't think it is.
2  Bitcoin / Bitcoin Discussion / Re: Why do ordinary people feel afraid of Bitcoin? on: March 11, 2021, 05:00:37 PM
I think it's difficult for an ordinary person to see the value in Bitcoin. The value in Google, Amazon and Apple is obvious. They make physical products and services that are used and solve problems. At present, Bitcoin does not really solve a real problem. At least not for the average ordinary person. It has minimal use in payments on the whole (also note long confirmation times and relatively high transaction fees) and even many of its supporters acknowledge it's a "store of wealth" at this point. If a person wants to buy a coffee at their local shop or buy some new furniture, why is Bitcoin helpful?

At best, Bitcoin is fascinating to the average ordinary person because the price might go up and make them wealthy. That, in and of itself, is not a stable proposition, and is rightly something to be worried about. Obviously, people more technically inclined see it a different way, but the average ordinary person (and even the average Bitcoin investor) is not that.

In addition, all the scams (eg in response to Elon Musk tweets) are not exactly reassuring.
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