AFAIK, after all the hype around Bitcoin proved to be false, the last justification for owning it among people who can't think straight was as a systemic risk hedge, like gold, but this has also not borne out.
I don't doubt the faithful's ability to conjure up some other BS story for why it's worth owning, but there has to be something.
This is also true of Boeing, Citigroup and the Argentinian peso.
Looking at the actual quotes on that website, I'm struggling to find the word death (or a synonym). Instead, it's a collection of criticisms. Many of them wrong. But not many showing thoughtless dismissal.
> Looking at the actual quotes on that website, I'm struggling to find the word death (or a synonym).
Start at the bottom of https://bitcoindeaths.com/posts and scroll up. You will find many prominent declarations of imminent death or failure, including "So, That's The End of Bitcoin Then" (2011), "Bitcoin Sees the Grim Reaper" (2013), and "An Early Obituary for Bitcoin" (2014).
Aren't stablecoins better for that? Especially when the current US government is seemingly OK with a very centralized entity holding over $100 billion in T-bonds, backing a coin that's mostly used for pig butchering scams and sanction evasion. No need to pretend blockchains are remotely useful with such actors (BNB comes to mind too).
Bitcoin isn't going to die, but it isn't going to replace currency or gold. It'll remain as a speculation vehicle and a mechanism to move value outside of regulated financial systems.
AFAIK, after all the hype around Bitcoin proved to be false, the last justification for owning it among people who can't think straight was as a systemic risk hedge, like gold, but this has also not borne out.
I don't doubt the faithful's ability to conjure up some other BS story for why it's worth owning, but there has to be something.
> Bitcoin has been declared dead many times
This is also true of Boeing, Citigroup and the Argentinian peso.
Looking at the actual quotes on that website, I'm struggling to find the word death (or a synonym). Instead, it's a collection of criticisms. Many of them wrong. But not many showing thoughtless dismissal.
> Looking at the actual quotes on that website, I'm struggling to find the word death (or a synonym).
Start at the bottom of https://bitcoindeaths.com/posts and scroll up. You will find many prominent declarations of imminent death or failure, including "So, That's The End of Bitcoin Then" (2011), "Bitcoin Sees the Grim Reaper" (2013), and "An Early Obituary for Bitcoin" (2014).
I found a "RIP: Bitcoin" from a self described conspiracy theorist.
A number of them suggest that it'll become worthless in the future, but that's certainly not saying it's dead now.
As long as crime exists BTC will follow
Aren't stablecoins better for that? Especially when the current US government is seemingly OK with a very centralized entity holding over $100 billion in T-bonds, backing a coin that's mostly used for pig butchering scams and sanction evasion. No need to pretend blockchains are remotely useful with such actors (BNB comes to mind too).
I'm glad you're still around here. I've been combing old HN threads and found your posts and comments from several years ago defending BTC.
Hope your belief in the system has paid off incredibly well for you.
Bitcoin isn't going to die, but it isn't going to replace currency or gold. It'll remain as a speculation vehicle and a mechanism to move value outside of regulated financial systems.
Interesting... so, what is the most straight-forward and least shady way of investing in it?
> It just keeps on existing.
That is not in itself a recommendation. You could say the same of most infectious diseases and parasites, or antisocial acts.
>you'd have $70,482,477 today
I wish COVID had that ROI.
> I wish COVID had that ROI.
It had it... for some, same as BTC.