Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
hdbuck
on 24/06/2015, 09:33:15 UTC
Other less measurable, but nonetheless actual result, is the increasing pace
at which "layer 2" solutions are developed (Lightning Network, Sidechain, Payment
channels implementations etc etc).

An accelerated delivery is not always a good thing for development quality.

I'm more of the opinion that Bitcoin will succeed, provided that it does not fail, and that a misstep can easily be worse than doing nothing.
Intelligent people may disagree with this.

I'd say it depends what you mean by "succeed".

Do you mean price-wise, as in making you rich, or changing the face of the world and finance?
It appeared to me lately that whilst both outcomes should be complementary, it probably wont be when considering the details of the path we are now on.

Explaining myself:

Bitcoin, as a disruptive technology, is meant to disrupt, hence, tearing the ambiant status quo in its field - ie. finance.

However, it seems lately that the big names in its ecosystem are more concerned about their personal gain and position than working for the greater good: enter Wall Street, banks, ETFs, lobbyists, regulations, intelligencia, politics, etc...

Well imho that is a very risky move.. sustaining the old ways and powers in place is denaturing bitcoin's subversive part.

I like to refer to myself as a bitcoiner, plain and simple, waging between personal gain and paranoia.

The key aspect for bitcoin to success for me is its capacity of giving back a little power to the people, avoiding Big Bro in a lesser extent and its corrupted-to-the-bone establishment.

I understand financial freedom has a cost, but it seems we are just turning in circles here: the head of the spear being mortified by power, money, and secrecy.

So imho, Bitcoin will probably leave us with a bitter tasting, once they will be done with it.

But being a bitcoiner also imply being a little crazy and having a little faith Wink