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babypistol | 8 years ago

I don't understand why people still do this type of "X will grow" predictions.

You have nothing to lose by making such predictions, just like how everyone who predicted the rise of tulips is now laughed upon. Furthermore, even if Bitcoin DOES go up, it's not like you'll be applauded for being an 'oracle' just because you predicted this either. Pretty much everyone who's invested in Bitcoin, hoping to get rich, and doesn't understand the technology is saying the same thing.

Why not actually learn how the technology works, so that you don't make these shallow deceptive remarks that sound exactly the same as the conversation I had with my blockchain-entrepeneur friend last night, and instead maybe stop trying to get rich quick by hyping Bitcoin?

Regarding all the reasons you pointed out, except for the Lightning network solution, the rest are really big problems. Just because more and more people buy Bitcoin you think it will go up to 100.000? Just because you have some Bitcoin because of your speculative greed, you think Bitcoin will go up to $100.000?

The limit and distribution of coins are really the biggest issues right now, and there are tons of different approaches people are working on to keep it that way. Just like tulips were unfairly distributed and overvalued. I'm sure people will see through the get-rich-quick scheme.

One thing I find annnoying about Cryptocurrency enthusiasts saying Bitcoin will grow is how they think Bitcoin is some evolving thing that's sure to succeed because they bought into it early. Bitcoin was designed to enable people a decentralized currency and that's the whole point. People will find various ways to lure people into buying Bitcoin (or Omise GO) without clear benefits because financial inventivization comes from them already owning some coins.

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cocktailpeanuts|8 years ago

Wow, is this s bot account? It looks exactly like my comment here https://news.ycombinator.com/item?id=16028673 yet has different content.

I sort of hope this really is a bot account, that would be super impressive how you can take a paragraph and transform it into something else.