Hacker News Reader

> FYI, every single time I have sold bitcoin or ethereum (even at historical peaks) it has a been a "mistake" in the sense that 2-3 years later it was worth more than before.

Following that logic, pretty much everyone that ever sold bitcoin made a mistake, given we were at an all time high last week or so.

View on HN

I am not an economist, but I know that a deflation can be bad for the economy. People are encouraged to wait rather than spend because the price will be lower if you can hold out a little longer. This can become a positive feedback loop which is bad news for the economy.

I’m not sure what Bitcoin is really about, but it sure makes for good speculation and day trading.

The mining reward is not intrinsic to BTC. It can be adjusted as needed (provided 51% of compute agree.)

a majority of hashpower can enforce a softfork (tightening of rules), but has nothing to do with a hardfork (change of rules). If non-miners stick with old rules, then miners using new rules simply get ignored by everybody else.

Reply on news.ycombinator.com