Would you really care to wager money that Bitcoin will never rise in price again? Regardless of whether or not it will 'take over the world,' it's too soon to say what will happen to Bitcoin.
Wall Street didn't disappear because of the Great Depression, but I'll bet there were plenty of people right after the crash that were predicting doom and gloom.
| Bitcoin fanatics
You just come off as either an anti-Bitcoin fanatic or a troll.
| insane volatility
Do you really expect anything that is in its early stages to be stable? Nothing about Bitcoin is currently stable, and I don't exactly see people encouraging their grandmothers to use it for day-to-day transactions.
> Wall Street didn't disappear because of the Great Depression
A whole lot of government regulations affecting the Wall Street and other parts of the financial sector were put into place to prevent a recurrence of the crash of '29 and subsequent panics affecting the financial industry, which is one reason why Wall Street, the banks, etc., didn't disappear.
Why? Because it's _so obvious_ to people outside the Bitcoin fixation that Bitcoin is crippled. And here you are saying "You don't _know_ it's not going to rise in price again" as if that constitutes a useful argument in favor of Bitcoin.
You just _assume_ that Bitcoin is in its 'early' stages, that it's similar to Wall Street.
Nothing Bitcoin does solves the problem money presents in the first place: its misuse by the greedy.
"Fanatic" is usually a bad thing. It means that you are so invested in your extreme position that you are unwilling to listen to contradictory ideas/evidence.
| And here you are saying "You don't _know_ it's
| not going to rise in price again" as if that
| constitutes a useful argument in favor of
| Bitcoin.
Who said I was arguing in favor of Bitcoin? I'm arguing that your position is too extreme, and derived from emotion rather than anything else.
| You just _assume_ that Bitcoin is in its
| 'early' stages, that it's similar to Wall
| Street.
All you're really doing here is redirecting. You're turning my statements into claims/assumptions without any discussions or supporting evidence. I'm now "assuming" that Bitcoin is in its early stages, but you have not said why you think that it isn't. I'm now "assuming" that Bitcoin is similar to Wall Street, but you're not saying why they are different.
If Bitcoin is not in the 'early' stages as a currency, then what would you define as it's early stages? All you're really doing is
Nothing Bitcoin does solves the problem money presents in the first place: its misuse by the greedy.
Sure. I took the rhetorical tack of agreeing with the label because I'm firm enough in my conviction that I don't care if someone writes me off as a fanatic.
I'm actually tired of listening to contradictory ideas/evidence about Bitcoin. It gets pretty repetitive and it never gets very convincing.
Wall Street didn't disappear because of the Great Depression, but I'll bet there were plenty of people right after the crash that were predicting doom and gloom.
You just come off as either an anti-Bitcoin fanatic or a troll. Do you really expect anything that is in its early stages to be stable? Nothing about Bitcoin is currently stable, and I don't exactly see people encouraging their grandmothers to use it for day-to-day transactions.