Quote from: d5000 on August 30, 2025, 05:38:16 PM

Quote from: coyhasmon on August 30, 2025, 12:29:05 PM

Just wow. At what point do we seriously stop calling Bitcoin a volatile asset and reject anyone's claims that it is? This is pretty impressive already.

If the volatility would stay close to 1% for extended periods of time, I would already no longer consider it an excessively volatile/risky asset. This is approximately the value reached by gold or also most currencies (other than USD, Euro, CNY etc.), I have mentioned the BRL earlier in this thread as an example with a volatility close to gold's, and if we could reach this value BTC would begin to be usable as a currency.

That is long past. Just look a the video standards Beta and VHS. Ineyes of the Public Bitcoin is too expensive, Satoshis are unknown.
The videotape election in the period of competition or "format war" of incompatible models of consumer-level analog video videocassette and video cassette recorders (VCR) in the late 1970s and the 1980s, mainly involving the Betamax and VHS (Video Home System) formats.

Peter Thiel maintains an opinion about stagnation, 50 years of it.
https://youtu.be/vV7YgnPUxcU?si=LugCZvwcO36CQb2n

His view on the impact of new technologies is interesting to say the least.

people maintain that the impact of technologies was huge.
I concur on the view that the Digital revolution was not embraced by more of 3rd of the 1st world's population. Social media is just a fraction of the digital revolution, Crypto is even less so.

Many people share his view though:
https://faculty.washington.edu/jscholl/2025/07/26/flying-cars-ai-and-peter-thiels-myth-of-stagnation/