Quote from: realr0ach on June 12, 2019, 07:00:38 PM

Quote from: serveria.com on June 12, 2019, 06:54:43 PM

buy now @~8k which is still dirt cheap for BTC

On what planet is $8000 "cheap" for an imaginary, valueless timestamp? Even $1 is expensive for a timestamp. Their shtick is that the timestamps are somehow limited and you must act now to get one! But it's artificial scarcity that can be replicated infinitely by just forking or creating a new coin.

You are kind of right but you look at the problem from the wrong angle.

The world needs good money. It NEEDS it. Fiat is not it. Fiat is awful in every way. Gold and silver are pretty good in some situations but just plain worthless when it comes to digital commerce. If someone could just invent teleporters then gold and silver would be so great, but alas. So that leaves what? Private issuance currencies and decentralized digital currencies. Private issuance currencies have been demonstrated to be too fragile (I'm looking at you liberty dollar). So now we are left with one. Decentralized digital currency. The problem with those are exactly what you pointed out above. But there are no other options. Its all we have left.

So what if we could solve that problem with a collective delusion. A collective delusion not dissimilar to what gives fiat money value. What if we could all just agree that bitcoin is special because we need it to be special. Well anyone can fork bitcoin but those forks tend to have no value. You could argue that bitcoin in its current form IS a fork but that's okay, it has a pretty good consensus. As long as that consensus doesn't fracture too much we can keep this delusion going. IF we could keep this delusion, the one that says "bitcoin is special because we need it to be special", going that would be wonderful for global commerce and wellbeing, and so far we have been able to do it.

Keep it up lads, we've done it for 10 years so far, here's to another 10 and maybe another 100 after that.