Post
Topic
Board Bitcoin Discussion
Re: I am sorry to say, Mike Hearn was right.
by
chennan
on 08/12/2016, 20:15:22 UTC
Two years ago he threw a bitch fit...Now, Circle is taking their $138 million and leaving.

Yet, we're at the highest price point since then.  It's almost like Bitcoin doesn't care about Mike or Circle and is quite happy to see them chase profits elsewhere while we build the future of finance.

Is this really a good thing though?  I mean, price point isn't really an indicator of how good an asset is... rather I see price point as an indicator of how many "investors" there are speculating and trust in the asset as being valuable.  I feel that there has been the same amount of speculation going on, but just a slight increase in "trust" because of segwit... but if that goes south then, who knows what will happen.

Whether investors care about the fundamentals of block sizes or not, they will end up caring about it when the network gets so jammed that they can't send their coins to exchanges.