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Our Thoughts on Bitcoin

bridgewater.com

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Re: Our Thoughts on Bitcoin

#71

Post by anm89 »

adflux wrote: post #32
anm89 wrote: post #22

Earlier quoted context omitted.

Yes, surely these already billionaires whose entire business revolves around publishing analysis on assets, and who don't claim to be holding any major stake in BTC, could only be writing about it because they are shilling...

The only incentive to write articles like this is to convince others to buy, consequently making more money yourself. This is a pitch, not a fairly supported argument.

And the fact that they publish thousands of opinions on thousands of assets with both buy and sell recomendations and have been doing so for decades.

You are hearing what you want to hear and you are dead wrong.

Re: Our Thoughts on Bitcoin

#72

Post by seaman1921 »

vmception wrote: post #51
ra88it wrote: post #15

I'm surprised that the energy usage axis does not come up in this summary of his thoughts. Isn't that likely to be a factor in bitcoin's growth and long-term survival?

no? if there was some successful state-sponsored or populist uprising against bitcoin’s energy then the energy use will decrease and bitcoin will continue functioning as normal it just incentivizes more efficient hardware or lower yield for miners the network can decrease in difficulty or have steady difficulty forever the value that the network can support is still several orders of magnitude higher, and there are a…

you can't support saying it would encourage people to develop ways to prevent it

Re: Our Thoughts on Bitcoin

#73

Post by agotterer »

christiansakai wrote: post #26
rafale wrote: post #19

Earlier quoted context omitted.

I can see Bitcoin hardfork to POS once the tech has been proven in Ethereum. Bitcoiners only care about the 21 millions hard cap and a secure network, not the exact consensus algorithm used.

Cardano will prove PoS sooner than Ethereum, and it has hard cap. Yes I am a Cardano shiller.

Cardano has already demonstrated that it's working. The network is currently 86% decentralized and on Mar 31st will be 100% decentralized.

Re: Our Thoughts on Bitcoin

#75

Post by EdwardDiego »

fxtentacle wrote: post #53
solean wrote: post #47

Earlier quoted context omitted.

It's been trivial to short bitcoin for years

In that case, I wonder why nobody has profited off it yet. I mean the volatility seems very helpful here.

I wouldn't short BC anymore than I'd short GME, there's a lot of get-rich-quick metooism and as the saying goes, the market can remain irrational longer than you can remain solvent.

Re: Our Thoughts on Bitcoin

#77

Post by teryyy »

leshow wrote: post #74

I didn't see anything on energy consumption or transaction throughput/fees. How can one discuss merits of bitcoin and not talk about any of this?

It's more focused on the merits of Bitcoin as it relates to being a financial asset class, and not on the merits of Bitcoin as a system.

Re: Our Thoughts on Bitcoin

#78

Post by anm89 »

hanniabu wrote: post #48
solosoyokaze wrote: post #38

Earlier quoted context omitted.

The incentive is to appear informed about an important trend in their industry. It's a pretty good analysis. Do you have a problem with a specific piece of his content?

The issue they have is that they weren't against bitcoin. Clearly their preconceived notions are preventing them from discussing and looking at it objectively. Waiting for PragmaticPulp to join the conversation.....

Their asset class analysis has made them billions upon billions over decades but their issue is that they simply don't get what's going on here??

Re: Our Thoughts on Bitcoin

#79

Post by kinghajj »

superbcarrot wrote: post #65
ralala wrote: post #61

The rising of Bitcoin can be a threat to working democracies - at least if it is used as a currency. Monetary politics are important for our society to function properly. On the other hand: For broken countries, it can help the people as a temporary replacement.

How do people in those broken countries get Bitcoin? To buy Bitcoin in a first world country I need a valid ID, an online exchange that operates in my country, access to the internet and a bank account. And it can take days if you've never done it before. Is that realistic for someone living in a third world country? What does bitcoin give you that you don't already have if you have access to all the items listed abo…

There are places to buy bitcoin without KYC enforcement: Localbitcoins still exists; I'm sure there's some dark web site to coordinate in-person OTC trades.
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