Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JorgeStolfi
on 18/01/2016, 03:12:33 UTC
You made a declarative statement. Do you care to explain why you say "I could like it again if it somehow returned to the original plan -- with 10 times as many users perhaps than it had in mid-2010" and "I cannot like the monster into which it has mutated." What has changed that you don't like?

I wrote that too before: it became a pyramid investment scheme and a tool for crime. 

Both developments were bad for mankind, and it is hard to tell which one will be more harmful in the end.  But the first one also ruined the technical experiment: it attracted a horde of scammers and unsavory characters, encouraged hoarding, created volatility that all but destroyed its usefulness as currency, made mining into a fabulously lucrative industrial activity that was inevitably centralized, gave birth to Blockstream and their plan to sacrifice bitcoin's original goal to the spurious goal of inflating the price, and more...