[mutteraloo]

when you talk to a bitcoin enthusiast, at first it was 'well it's a currency'. then after seeing the transaction fee and time, it was 'well it's a store of value'. then after seeing the 80% price drop, it was 'well it's rare'. then after seeing hundreds of cryptocurrencies on coinbase it was '......?'

[Klathmon]

It sounds like you are talking to different people, who all think different things...

I personally see cryptocurrencies as a decentralized way to transact money. Yes, bitcoin is failing in this area currently, and while they have plans on how to fix it, they are not going to get here soon enough to keep this valuation up in my mind. If you ask a friend of mine, he will tell you that he has always thought of cryptocurrencies as a way of storing value, since the inability to do chargebacks means he doesn't want to use it as his daily currency ever.

Both of us can be right, because it's an opinion.

And there hasn't been an 80% price drop at this time, and coinbase doesn't have "hundreds of cryptocurrencies", they have 4 (3 up until a day or 2 ago).

[bogomipz]

>"Yes, bitcoin is failing in this area currently, and while they have plans on how to fix it, they are not going to get here soon enough to keep this valuation up in my mind."

Can you elaborate on this? What exactly is the plan?

[bogomipz]

>" then after seeing the transaction fee and time, it was 'well it's a store of value'"

Whats the connection between the transaction fee and time and the "store of value" justification. I didn't follow that.