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by ripberge 3102 days ago
Still long on bitcoin, but also wouldn't be surprised if it lost 70% of its value in short term.

He does bring up some great points regarding transaction throughput and the team productivity.

It seems like lightning network is the tool to get a lot of cheap, fast transactions done via bitcoin and turn it into a really useful viable currency.

However, that has taken a long time just to get to test mode. Much of the fate of bitcoin is tied to that github repository and pull requests. There has never been another open source software project with this much money riding on it. Can this team continue to deliver value?

There are other concerns like deflationary spirals, volatility, etc., but my bet on bitcoin is largely a bet on the dev team and whether or not useful pull requests get created & merged and what that velocity is.