I thought a social networking site for college kids would never make appreciable revenue through advertising. Runner up: women would never pay money to stay in someone else's apartment. Runner up: mobile phones would take a generation to achieve widespread deployment.https://twitter.com/andrewchen/status/1140062940319502336 …
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"And Bitcoin?" My *extremely* considered answer here is that I have never been wrong about Bitcoin. I will bow to evidence suggesting that I was early.
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Replying to @patio11
You continually bash it and say it has no value, is fraudulent, ponzi, etc. Perhaps the question should be floated back to you… when will you admit you are wrong? Objectively.
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Replying to @utxo__
Material adoption in a value-creating use case. I’d even accept storing value if I thought price wasn’t primarily caused by Ponzi-superior mechanics. (I’d propose a bet, to show I’m serious about Bitfinex being the largest Ponzi scheme since Madoff, but they already admitted it.)
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Replying to @patio11
What’s “material adoption in a value creating use case” - objectively ?
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Replying to @utxo__
You know the famous quote about knowing it when you see it, right?
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Replying to @patio11
Got it. So you’d be bankrupt if you were a fund betting against it. Good thing you aren’t in that profession, I guess.
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Yep, random Internet guy, I am not in a lot of professions, but if you ever want to take my money feel free to sell deep out of the money puts on a future Bitcoin ETF.
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