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Bitcoin Price Tops $1,000 in First Day of 2017 Trading

coindesk.com

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Re: Bitcoin Price Tops $1,000 in First Day of 2017 Trading

#4
post #2

OK, I'll be that guy. Is this actually intellectually stimulating to hackers? Should I start posting stock tickers for karma?

Just the world's first digital, decentralized currency succeeding. Hackers can and will use it to create new and fascinating projects.

Re: Bitcoin Price Tops $1,000 in First Day of 2017 Trading

#5
post #2

OK, I'll be that guy. Is this actually intellectually stimulating to hackers? Should I start posting stock tickers for karma?

Just the world's first digital, decentralized currency succeeding. Hackers can and will use it to create new and fascinating projects.

Is it succeeding or are people gambling on the value of it?

Re: Bitcoin Price Tops $1,000 in First Day of 2017 Trading

#6
post #5

Earlier quoted context omitted.

Just the world's first digital, decentralized currency succeeding. Hackers can and will use it to create new and fascinating projects.

Is it succeeding or are people gambling on the value of it?

> or are people gambling on the value of it?

Welcome to investing. Adoption is success.

Re: Bitcoin Price Tops $1,000 in First Day of 2017 Trading

#7
post #2

OK, I'll be that guy. Is this actually intellectually stimulating to hackers? Should I start posting stock tickers for karma?

Just the world's first digital, decentralized currency succeeding. Hackers can and will use it to create new and fascinating projects.

Skyrocketing value is not a desirable trait for a would be currency.

Re: Bitcoin Price Tops $1,000 in First Day of 2017 Trading

#8
post #2

OK, I'll be that guy. Is this actually intellectually stimulating to hackers? Should I start posting stock tickers for karma?

Just the world's first digital, decentralized currency succeeding. Hackers can and will use it to create new and fascinating projects.

I'm more than happy to read technical matters, but it's gone up and down over and over. It's no more interesting that posting Google or Apple stock prices. It's becoming a dead horse with these price posts.

Re: Bitcoin Price Tops $1,000 in First Day of 2017 Trading

#9
post #3

https://www.washingtonpost.com/news/wonk/wp/2015/06/08/bitco...

You'll find a lot of such dismissive articles about Bitcoin throughout its existence. Here's a collection of 'Bitcoin obituaries' if you want to reinforce that view: https://99bitcoins.com/bitcoinobituaries/

Re: Bitcoin Price Tops $1,000 in First Day of 2017 Trading

#10
Bitcoin is living up to it's reputation as digital gold.

The Chinese are running away from RMB and buying bitcoin, Venezuelans are running away from Bolivares into Bitcoin. And to a lesser extent some Indians are escaping the Rupee.

It'll be really interesting to see how governments try to deal with decentralized currencies if they really take off. Governments lose a lot of control when they can't control money.

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