tdtwedt wrote: joefro wrote:
I am all for seeing articles and links posted from all sides of an argument, although it is better with a little commentary for contribution and context and to not come across as trolling.
However, what is the benefit of the “down 5% today
“ posts? People in this thread follow price movements pretty closely so you’re not really providing a service with those posts, and when you only post on downward moves you can see why that could be interpreted as trolling. After how many years and incorrect predictions will you start thinking more trend than fad? This thread has already been around 5 years.
When bitcoin is down 50% from its highs and was obviously in a bubble then when do you call it a fad?
I prefer people make their own opinion and not force feed them "commentary".
Commentary is what gives this forum value. If all we did was post article links to stuff, it would be about the absolute worst forum experience. Adding commentary also shows one is adding value and has knowledge of the related subject so that people can make a judgement call on whether the author of said commentary is to be taken seriously or not, and how much weight to give that commentary. Anyone clicking on this thread is interested in what is happening in the bitcoin world or learning about bitcoin/crypto in general. Most of it will likely be positive here because who wants to spend a bunch of time being negative about something that you aren't even into? If one is interested in the downside of bitcoin/crypto, there is plenty of info out there. For example, I thought it was possible you were a Reddit moderator over on this thread: https://www.reddit.com/r/Buttcoin/
tdtwedt's issue is he is solely focused on the bitcoin price, and hence why he thinks it is a fad if it lost 50% or more value from a peak. While USD price is highly interesting of course, price is merely one factor that helps with overall bitcoin adoption and not the determining factor on whether bitcoin is growing or dying. We can look at other factors such as number of full client nodes https://coin.dance/nodes
, required mining power, number of lightning network channels, daily trading volume, the actual Bitcoin Improvement Proposals (BIP) for development of the open-source, decentralized bitcoin protocol & network https://github.com/bitcoin/bips
I saw this info-graphic on Parabolic Trav's twitter feed. When it comes to overall adoption we are just getting warmed up.... unless of course Bitcoin is a fad and will die on the vine in 5-10 years
So while tdwedt and Warren Buffet think bitcoin is rat poison, others like Doug Maughan, the Science and Technology Directorate's cybersecurity division director, a group within the Department of Homeland Security - said before two Congressional subcommittees this week, that "the application of blockchain tech is almost limitless." - https://www.coindesk.com/us-house-hearing-touts-blockchain-use-in-supply-chain-management/