[2018-10-29] Bitcoin’s ‘Patient Zero’ Says Crypto an Experiment That May Fail

[gentlemand]

https://www.bloomberg.com/news/articles/2018-10-29/bitcoin-s-patient-zero-says-crytpo-an-experiment-that-may-fail

Wences Casares of Xapo interviewed here. Good old cherry picking with the headline. He's always been simultaneously evangelical and pragmatic and nothing's changed.

[buwaytress]

Nothing's changed, indeed. Old school permabulls don't tend to clasp hands with fire and brimstone for the traditional systems, and would never openly go all in on Bitcoin and won't let on that they think the experiment has shown promising signs of "success". He does say, wand you're right, as he always has been, like all Bitcoiners cut from the same cloth, that it is likelier to succeed than fail. In what capacity we have some clues already. As an alternative currency, store of value, sure we might even check those boxes already.

This was always going to be a long game, still the time for digging in heels.

[Leyss]

https://www.bloomberg.com/news/articles/2018-10-29/bitcoin-s-patient-zero-says-crytpo-an-experiment-that-may-fail

Wences Casares of Xapo interviewed here. Good old cherry picking with the headline. He's always been simultaneously evangelical and pragmatic and nothing's changed.

In fact, this article suggests that no one can have absolute confidence in the success of the existence of cryptocurrency. She rephrased Satoshi Nakamoto's words that in twenty years there will be either a lot of transactions in cryptocurrency, or there will be no transactions. All ingenious is simple. We just hope that the cryptocurrency will be a brilliant invention of the beginning of the XXI century.

[rodskee]

How xapo can sure for this statement about bitcoin patient zero value
This negative news are ways for the people encouraging to stop investing in bitcoin
But for sure people believe in the new technology which is bitcoin is part of new technology
Bitcoin never dies but i agree they can't replace fiat as global currency
Bitcoin is an alternative digital currency use for fast transaction around tge world base on the dollar rate price

[evgeniy3815]

One of the most famous bitcoin analysts Tom Lee suggested that the current stable rate will eventually benefit bitcoin, in General, the situation with him pleases the economist. In an interview with CNBC, he pointed out that other processes, such as the fall of the stock market, had to put BTC in a much more difficult position, but in practice it holds up well.

[timerland]

Indeed. The headline is pretty much completely out of context of what was actually being told in the article.

The guy is being rational and saying that bitcoin isn't going to be something that can succeed, guaranteed, and he even goes to mention how he personally thinks that bitcoin will have more chance of success than it tumbling to zero or whatnot. Yet bloomberg makes this seem extremely negative. Classic cherrypicking indeed.

Casares said he’d consider Bitcoin successful if it became a global standard of value and settlement. While it’s unlikely to replace national currencies, it could represent a universal standard of value, he said.

I think this statement made by him is pretty realistic, unlike many other commentators and public figures within maintsream media talking about bitcoin. BTC is more likely to run parallel as an alternative to fiat, than to replace it altogether imo in the future.