- cross-posted to:
- bitcoin@discuss.tchncs.de
- cross-posted to:
- bitcoin@discuss.tchncs.de
cross-posted from: https://discuss.tchncs.de/post/8010617
Lol, hilarious article. They still hate bitcoin but can’t deny its use any more.
Many feel instinctive revulsion when they spy a roach. But in spite of their flaws, the bugs have uses—they turn decaying matter into nutrients and eat other pests, such as mosquitoes. Crypto has its uses, too, such as portfolio diversification and keeping money safe under despotic regimes. And, as has been shown, it is just about impossible to kill.
The volatility is dampened as more people start using it, including using it as an investment. Dampened volatility makes it a worse investment, but a better currency. If you analyze Bitcoin’s price history, you’ll see that it used to be more volatile than it currently is. This trend is likely to continue, barring some sort of catastrophic failure of the system.