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the dumb money isnt even all in yet, so how can it be coming to an end? stuff like pension funds, mutual funds, there isnt even a bitcoin etc yet. Until this happens it will rise even more.
There's Bitcion ETF's and ETN's
>stuff like pension funds, mutual funds
> I am fully cognizant of the perils of making bearish predictions about new technology. > But, to quote another well-worn and wholly unreliable aphorism, this time it's different. It really is. and >... because the only other alternative is chaos, and probably the end of the whole Bitcoin experiment. I'm very much a Bitcoin skeptic, but, I'm not sure this time is different, or that Bitcoin will die. For the last 8 y…
Edit To replies: It does if the SEC decides the concept of cryptocurrency is one which fundamentally exists to bypass regulations for the purpose of fraud. I’d disagree, you’d disagree, but only their agreement matters.
Earlier quoted context omitted.
I may not be as technical as the author but I truly believe Litecoin is the future. Charlie Lee is about the best face of a digital currency as possible. He's and ex-googler, MIT grad, with a clear vision and an outstanding team. Like VC's bet on people and not always ideas, he is the one to take us to the next step.
I'm skeptical of hero worship in general. Why does any of that matter for a commodity?
> I am fully cognizant of the perils of making bearish predictions about new technology. > But, to quote another well-worn and wholly unreliable aphorism, this time it's different. It really is. and >... because the only other alternative is chaos, and probably the end of the whole Bitcoin experiment. I'm very much a Bitcoin skeptic, but, I'm not sure this time is different, or that Bitcoin will die. For the last 8 y…
To be fair, the SEC losing their patience with ICOs and turning on the whole sector would do it. Edit To replies: It does if the SEC decides the concept of cryptocurrency is one which fundamentally exists to bypass regulations for the purpose of fraud. I’d disagree, you’d disagree, but only their agreement matters.
> Bitfinex is introducing new CSTs that will allow traders to speculate on the potential activation and mining of the Segwit2x consensus protocol. We are designating these CSTs as BT1 (Incumbent Bitcoin Blockchain) and BT2 (Bitcoin Segwit2x).
Earlier quoted context omitted.
I'm skeptical of hero worship in general. Why does any of that matter for a commodity?
The implementation is guided by Charlie. Litecoin had SegWit months before bitcoin because the team doesn't have competing factions. He isn't a "leader" in the tradition since, he is the worker, hands on keyboard writing the code.
The answer isn't inherently obvious. Bitcoin seems to be doing just fine without a leader and with competing factions. The November issue will probably resolve itself just like all the issues that came before.
And there are a lot of advantages to Bitcoin's model. Having a face means tying the fate of the currency to that face, one way or another. Their word starts to matter much more.
The interesting thing is that unlike in July where the price crashed, this time the price is completely stable despite the fact that it's a much bigger clusterfuck. It seems like perhaps the "you can't bet against the apocalypse" rule is being applied.
Earlier quoted context omitted.
I may not be as technical as the author but I truly believe Litecoin is the future. Charlie Lee is about the best face of a digital currency as possible. He's and ex-googler, MIT grad, with a clear vision and an outstanding team. Like VC's bet on people and not always ideas, he is the one to take us to the next step.
to be fair, part of the reason why there's so much drama with bitcoin is because it's biggest by market cap. when there's more at stake, people show their true intentions.