Quoting some articles does not an argument make. The summary argument:
> Volatility is a feature of Bitcoin, not a bug, and that is in part for reasons that have nothing to do with speculation or bubbliness, but rather follow from the contours of the utility function. It’s that latter point that hardly anyone understands.
I'd argue this is might be correct, but also irrelevant, as many people involved in bitcoin either wanted to use it as a payment method, or are only in it for speculation, or money laundering/covert transferring of wealth.
How useful is a value store where it's very difficult to actually get the value out remains to be seen, or what effect such a realisation will have on the price.
> Volatility is a feature of Bitcoin, not a bug, and that is in part for reasons that have nothing to do with speculation or bubbliness, but rather follow from the contours of the utility function. It’s that latter point that hardly anyone understands.
I'd argue this is might be correct, but also irrelevant, as many people involved in bitcoin either wanted to use it as a payment method, or are only in it for speculation, or money laundering/covert transferring of wealth.
How useful is a value store where it's very difficult to actually get the value out remains to be seen, or what effect such a realisation will have on the price.