Got couple discussions on Greater Fool.
Not clear, but interesting...
discussion
https://www.reddit.com/r/Bitcoin/com..._greater_fool/
https://www.reddit.com/r/Bitcoin/com...ictims_of_the/
But, over the long run, it will have to rise to accommodate growing adoption. Korea is on a program to go cashless by 2020 and cryptocurrencies (including bitcoin) are part of that. Japan has moved forward with bitcoin in their everyday economy and will be hosting the Olympics in 2020. Imagine travelers cheques replaced by bitcoin? The Asian markets are looking for a replacement of the USD based petrodollar and a bitcoin based crude oil market was opened for trading last fall.
TCP/IP at one point was a greater fool type thing, but it was a simple technology easily implemented and beat out the competition. Bitcoin's strength will be if they keep with the KISS theory and focus on providing the foundation for second tier services like the Lightning Network transactions.
The first guy talks about bitcoin being divisible as great strength. sure. But the slow and eventually FULL ADOPTION is the real strength.
The second talk makes a tremendous point - real estate, like bitcoin is limited and Always Up.!!!
Nice
Ideas?
Not clear, but interesting...
discussion
https://www.reddit.com/r/Bitcoin/com..._greater_fool/
https://www.reddit.com/r/Bitcoin/com...ictims_of_the/
But, over the long run, it will have to rise to accommodate growing adoption. Korea is on a program to go cashless by 2020 and cryptocurrencies (including bitcoin) are part of that. Japan has moved forward with bitcoin in their everyday economy and will be hosting the Olympics in 2020. Imagine travelers cheques replaced by bitcoin? The Asian markets are looking for a replacement of the USD based petrodollar and a bitcoin based crude oil market was opened for trading last fall.
TCP/IP at one point was a greater fool type thing, but it was a simple technology easily implemented and beat out the competition. Bitcoin's strength will be if they keep with the KISS theory and focus on providing the foundation for second tier services like the Lightning Network transactions.
The first guy talks about bitcoin being divisible as great strength. sure. But the slow and eventually FULL ADOPTION is the real strength.
The second talk makes a tremendous point - real estate, like bitcoin is limited and Always Up.!!!
Nice
Ideas?
Beware of robber banks (RB), bad advisors.
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