[mundo]

> because it appreciates in value vs. fiat currency

So did Beanie Babies, until they didn't. But the point of Bitcoin was not supposed to be a vehicle for speculation, it was supposed to be...

well, I've been around HN long enough to know that it's impossible to finish that sentence in a way everyone would agree with. But, remember all those breathlessly optimistic posts and essays from early 2010s about what Bitcoin could be? It seems pretty inarguable that the Bitcoin of 2020 ain't that, and isn't on track to be.

[sjtindell]

I think most of the progress is actually being slept on. The other day I was checking in with a buddy who works in the crypto space, and he was describing a whole world I wasn’t aware of where people have been driving forward many of those original ideas - decentralized exchanges, flash loans, literally billions (with a B) of dollars of value being moved through a ton of different systems and use cases. Not the “one currency to rule them all” vision, but people are creating lots of cool things with crypto whether they see a lot of use or not.