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Bitcoin swings as civil war looms

bbc.com

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Re: Bitcoin swings as civil war looms

#7

Post by swiley »

no_one_ever wrote: post #3
LAMike wrote: post #2

Has anyone noticed a paradigm shift in the way Bitcoin and Ethereum are treated on HN?

Could you please further explain?

I feel like a few years ago there was some issue with etherium and it was generally considered to be inferior to bitcoin, I can't remember what that issue was now though.

Re: Bitcoin swings as civil war looms

#8

Post by sillysaurus3 »

This article is delusional if it thinks the swings have anything to do with the bitcoin civil war. Bitcoin has always been volatile, and will continue to be volatile. It's a gambler's currency.

People always try to assign a reason to things. We don't like accepting that there just aren't any reasons. But as someone who has seen bitcoin go up and down and back again over years, there really isn't a reason for it besides "people decided to buy or sell." And those people aren't operating with logic. It's speculation.

People were saying the exact same things about Silk Road. If Silk Road closes, bitcoin will go down! Nope, didn't happen.

Re: Bitcoin swings as civil war looms

#9

Post by ganoushoreilly »

no_one_ever wrote: post #3
LAMike wrote: post #2

Has anyone noticed a paradigm shift in the way Bitcoin and Ethereum are treated on HN?

Could you please further explain?

I think it's implying the argumentative state when currencies are brought up. There's a lot of emotions wrapped around all the nonsense of forks, the random thefts, and general new but somewhat difficult to understand technology.

For most people it doesn't serve a purpose outside of what they're reading (I own a few bitcoin that I mined back in 09, but I'm never really compelled to use them for anything due to headaches and fees trying to spend them).

Re: Bitcoin swings as civil war looms

#10

Post by swiley »

ganoushoreilly wrote: post #9
no_one_ever wrote: post #3

Earlier quoted context omitted.

Could you please further explain?

I think it's implying the argumentative state when currencies are brought up. There's a lot of emotions wrapped around all the nonsense of forks, the random thefts, and general new but somewhat difficult to understand technology. For most people it doesn't serve a purpose outside of what they're reading (I own a few bitcoin that I mined back in 09, but I'm never really compelled to use them for anything due to headac…

I've never quite understood the argument that bitcoin are difficult to spend. I have bought things with them and it's so much easier than credit cards! You open a wallet app, point your phone at your computer and tap yes, done. Credit cards you have to (optionally) make sure the site won't steal your number, go get your physical wallet, fill out a rather long form (that sometimes throws an error and makes you fill it out again) and then occasionally call the issuer because they decided someone might have stolen your card and won't let the transaction go through because it's big.

Bitcoin has problems but spending UX for online transactions really isn't one of them.

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