All in One wrote:
LucianDreamer wrote:
I can't keep up with the recent news as of late, now that Bitcoin is approximately doubled, worth around 18,000+!
And to think they were only $15 a pop back in 2012. Fuck.
Haah, I wouldn't lose any sleep over it. The early adopters got rich, but BTC's recent price graph describes a textbook Speculative Bubble.
B'sides, Bitcoin is honestly pretty terrible as a medium of exchange. One might think it's awesome that a currency appreciates in value over time, right up until he realizes that the whole reason inflation exists is to incentivize spending; without it, the economy wouldn't function. All a deflationary currency does is encourage the stakeholder to withhold his assets till the inevitable crash. Kinda like a stock, only made outta digital mudpies.