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user-inactivated · 4001 days ago · link · · parent · post: Bitcoin seems to me to be in some sort of a crisis but reddit/r/bitcoin does not even flinch.
I think it's just a case of the Sunken Cost Fallacy. And I also believe that a new cryptocurrency will soon (within two to four years) eclipse Bitcoin with better technology, mending the weaknesses. Although who knows, maybe Bitcoin will be worse is better, and whoever is first to ship gains the most mindshare for a while... I hope not, there's some big changes that need to take place for it to become a legitimate currency, and not just a commodity and/or Internet money.