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That's a much more informative post than the link, and yet, I still don't really understand all the jargon.

But it also reinforces for me just how not ready for primetime BTC is, and it makes me think the appreciation over the past year is truly insane.




Bitcoin doesn't need to be prime time at all. Almost no banking services, outside of checking accounts and index funds, are "ready for prime time" and yet banking services is a huge market.


Fair point, but that still leaves a burden of proof to show what niche Bitcoin fills and how much that should be worth. It has to become a major pillar of either consumer spending or the financial system to justify its value.

Don't get me wrong, I think the concept is brilliant. I just don't see how nearly 10x value was created in about a year.


I would guess that the market value of Bitcoin will sink a bit due to the muddiness of this announcement. Which suggests that a centralized party (Bitcoin.org) has a great effect on Bitcoin after all, despite its appeal of being a decentralized currency.


The demand for something like BTC is clearly there though.


How many individuals/7B is there?


the appreciation over the past year

*Speculation


Not just simple speculation, explicit "greater fool" speculation.




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