oznathan

On other websites it's trolling. Here it's not.

sure that's a clever argument?

what if you bought it at any other time during the few years it exists?

anyway that was not the point. The point was people failing to see the innovation and seeing only the problems. Which was the point of this article.

"Bitcoin could never succeed as a currency. It's too unstable"

I replied on the matter of investing in currency. Shorting is one investment strategy. Buy and hold is another one. I bet a lot of people would short bitcoin if they could.

Anyway this is ridiculous. People try to analyze an new phenomena with the old terminology. It doesn't work like that. You can't understand the change if you don't change your paradigm.

Give it some time. A child crawls before it starts walking.

One of the greatest investors of all-time, George Soros, made billions betting against the British Pound. A pretty old currency.

http://www.telegraph.co.uk/finance/2773265/Billionaire-who-b...

Indeed it's predictable that if the biggest buyer stops buying the prices will drop. You don't have to be a genius to figure that out.

The adoption of p2p technology, a protocol or a network has less to do with the quality of the technology itself, and more with the size of the network. Couldn't there be a better social network than FB? A better snapchat? A better Twitter? A better protocol than http?

Besides, too flawed from an economic perspective? Too inefficient? This is the rhetorical equivalent of "Spray and Pray"..

The current regulatory environment will not just disappear but itself. Bitcoin might win, bitcoin might lose, but there will be blood.

I think that your reply is a bit extreme.

The Google argument is mentioned once, and is not what led me to the conclusion. I found it while I was searching for an image to add to the post.

Most people that I know who deleted their Facebook account did it because they were wasting too much time on it. This is my subjective experience and opinion.

Sorry for giving you cancer.

I have never googled anything related to quitting facebook, cigarettes, drinking nor vim. I don't even know what vim is.

But it would have been better to search in incognito mode.

A very emotional article IMO.

Volatility is not permanent characteristic of bitcoin. It's like saying that a newborn child will never be able to walk, because now it's only crawling.

At a certain point Bitcoin will stabilize. Whether that will be at 0 or 1 million, no one knows. Not the haters nor the fanboys.