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I think that it will go to like 20k in the next 4 years but there are coins that will grow much more. Bitcoin is the conservative investment.
Yeah I agree with 20k in 3-5 years. That's conservative. John McAfee said $500k in 3-5 years! Would be nice. :D
I'm bullish on crypto but McAfee is... well something else.
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No, but you may still make some money from it before it drops to zero. Just don't consider it an investment, and don't put anything into it that you'll miss. Investments are tied to real world value, returns and having a say, bitcoins have no real world application or substance outside of financial crime.
> bitcoins have no real world application or substance outside of financial crime https://www.coindesk.com/information/what-can-you-buy-with-b...
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I think it would be a mistake to assume performance cannot improve.
Umm anyone who has studied distributed systems understands a fully distributed system cannot scale past a certain limited point. That's not controversial. That's just reality. LN, for example, is adding degrees of centralization to achieve better scaling. Human systems have a tendency towards centralization and consolidation of power/authority as well, as we see in various ways already with Bitcoin (China, Ver, Core)…
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Umm anyone who has studied distributed systems understands a fully distributed system cannot scale past a certain limited point. That's not controversial. That's just reality. LN, for example, is adding degrees of centralization to achieve better scaling. Human systems have a tendency towards centralization and consolidation of power/authority as well, as we see in various ways already with Bitcoin (China, Ver, Core)…
I don't agree with you, but an interested in your view. What in your opinion is the best implementation of a blockchain?
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It's neither of these things.
If you think 90%+ of its current value isn't driven by behaviorial psychology rather than fundamentals, you either haven't been paying attention or don't understand markets.
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...and replacing them with cryptocurrency CEOs and HN and Reddit commenters whose economic experience is limited to googling the word “fiat” and talking points on free markets? Is that what you mean? Occasionally people are listened to because they have something to offer, like, say, running one of the world’s largest investment banks. His remarks immediately made Bloomberg, CNBC, and so on, which is just free PR. Fr…
Shh, half the fun of cryptocurrency threads is watching its proponents re-learn every single harsh lesson banking and financial industries have learned over the past couple hundred years! It turns out a lot of regulations and whatnot involved with Fiat™ don't just exist for arbitrary reasons.
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It's neither of these things.
Most of its value is speculative and if you buy you have to hope there's a bigger sucker somewhere in the future in order to get your payout, that's not exactly Ponzi-shaped, but I can definitely see why people might consider it a decentralized form of the pattern.
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...and replacing them with cryptocurrency CEOs and HN and Reddit commenters whose economic experience is limited to googling the word “fiat” and talking points on free markets? Is that what you mean? Occasionally people are listened to because they have something to offer, like, say, running one of the world’s largest investment banks. His remarks immediately made Bloomberg, CNBC, and so on, which is just free PR. Fr…
Shh, half the fun of cryptocurrency threads is watching its proponents re-learn every single harsh lesson banking and financial industries have learned over the past couple hundred years! It turns out a lot of regulations and whatnot involved with Fiat™ don't just exist for arbitrary reasons.
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> Bitcoin is the conservative investment. Now this is what I come to HN in the morning for.
I talk to these people all the time. Them: "I KMOW stock XXX is going to be at price YYY in time Z." Me: "How much have you invested in stock XXX?" Them: "Oh nothing yet".