a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment
b_b  ·  3800 days ago  ·  link  ·    ·  parent  ·  post: 1 BTC traded over 1000 USD

To me bitcoin is just a libertarian wet dream that will collapse in disaster. Even if it is generally accepted eventually, the current price will collapse dramatically. There is no case in history that I'm aware of in which a commodity can sustain a 1,000,000 fold price increase in the space of a couple years and not come back to reality. People are deluded by the old "But this time it's different!" mantra.