The distinction that matters is between speculative value discovery and speculative gambling. Bitcoin's price volatility today doesn't negate its monetary properties — scarcity, divisibility, portability, censorship-resistance — which are structural, not cyclical. I've spent years analyzing Bitcoin's long-term valuation patterns, and what stands out is that despite brutal drawdowns, adoption metrics and on-chain behavior suggest accumulation by people treating it as a store of value, not just a trading instrument. Whether it becomes a true monetary alternative depends on whether that behavior scales. The technology works. The real question is adoption.
OP does not use LN on Stacker news. Has not bothered to attach and show LN wallets. The BTC P2P payments protocol not used by people talking endlessly about it. Ironic or Hypocrisy?
The distinction that matters is between speculative value discovery and speculative gambling. Bitcoin's price volatility today doesn't negate its monetary properties — scarcity, divisibility, portability, censorship-resistance — which are structural, not cyclical. I've spent years analyzing Bitcoin's long-term valuation patterns, and what stands out is that despite brutal drawdowns, adoption metrics and on-chain behavior suggest accumulation by people treating it as a store of value, not just a trading instrument. Whether it becomes a true monetary alternative depends on whether that behavior scales. The technology works. The real question is adoption.
Feels like we’ve been having this debate for 10+ years now. At some point ‘speculative’ turns into ‘emerging asset class.
OP does not use LN on Stacker news.
Has not bothered to attach and show LN wallets.
The BTC P2P payments protocol not used by people talking endlessly about it.
Ironic or Hypocrisy?