Hacker News Reader

Bitcoin can be a cautionary example for what happens when development grinds to a halt because of internal power struggles.

Today, bitcoin's underlying technology is unable to evolve, other crypto currencies have surpassed it and bitcoin will probably be taxed or outlawed due to its contribution to climate change.

View on HN

Bitcoin is digital gold. The technology of it needn’t evolve further than the technology of casting a gold ingot, storing it safely or transporting it.

And FWIW, transporting $1M worth of gold in a secure way is going to cost you significantly more than BTC’s worst Tx fee day.

Other coins can serve the purpose of everyday transacting etc.

Though, wouldn't the BTC price fluctuating in the wrong direction one day instantly blow past whatever transaction fee there is? It seems way too volatile for long-term storage...

Are you saying that BTC is only of value for people investing $1 million or more? It appears to be less useful as time goes on. QED

Reply on news.ycombinator.com