Note: I’m *not* a Bitcoin evangelist & I don’t pretend to know the future. I do know of other ways to view this event that must be explored.
-
Show this thread
-
Replying to @EricRWeinstein
Or just 'it's another in a long line of perceived but false paradigm-shifting new techno/utopian dawns that like ALL such bubbles preceding it in the history of civilization will end in ruin'
1 reply 0 retweets 1 like -
Replying to @kennyzool @EricRWeinstein
Considered this a lot. Somewhat plays on my libertarian bias and I enjoy Austrian Economics. Waited way to long to buy in because of it but I’m still not sure. Can’t know until the future gets here!
1 reply 0 retweets 1 like -
Replying to @Ahimsa_Satya_ @EricRWeinstein
I agree. There was a window but it has long since closed. No idea who's buying at these insanse prices or what their rationale is other than 'but it keeps going up!'. My taxi driver told me all about his crypto portfolio last week, my waiter today!!
1 reply 0 retweets 0 likes -
Replying to @kennyzool @EricRWeinstein
Hard to tell what it’s worth though and the mathematics are stronk
1 reply 0 retweets 0 likes -
Replying to @Ahimsa_Satya_ @EricRWeinstein
You could make Bitcoin2, identical in every way to Bitcoin, and release it to the world tomorrow. 'Hard forks' like BitcoinCash are *effectively* massive dilution exercises (doubling the supply). The maths is redundant, it's all about basic human psychology + 'new paradigm'
1 reply 0 retweets 0 likes -
Replying to @kennyzool @EricRWeinstein
Of course it’s all about human psychology. As you can see not everyone just rushes out of Bitcoin whenever “bitcoin2” comes out because bitcoin still has more trust and acceptance and thus use and value
1 reply 0 retweets 0 likes -
Replying to @Ahimsa_Satya_ @EricRWeinstein
It has zero (current) use and this use case has not changed materially since it was 10c. As for 'value' let's see, it's far and away the most volatile 'investment', let alone currency in the entire world, and that usually ends in tears.
1 reply 0 retweets 0 likes -
Replying to @kennyzool @EricRWeinstein
I disagree. If you view it like a language it makes more sense. The more people use a given language the more valuable it is because the more you can use it to communicate. It also drives out supposedly technically “superior” languages a la Esperanto
1 reply 0 retweets 0 likes -
Replying to @Ahimsa_Satya_ @EricRWeinstein
Except I don't view it like a language because it's not remotely like one
1 reply 0 retweets 0 likes
A protocol is like a language, it allows you to communicate effectively. It spreads like a language, like products with network effects. Andre Orlean is an excellent economist on this in his Empire of Value
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.