Hacker News new | ask | show | jobs
by strings29 1355 days ago
I wish I could respond to your concerns here. However almost every concern you have boils down to "I don't think bitcoin has value or use". As much as you are entitled to this opinion. The market says other wise. 19k USD per bitcoin to be precise.

What I do find ironic is how we are discussing the death of Bitcoin yet again (RIP bitcoin). On a startup accelerator with at best a success rate of 10%. But please tell me how Bitcoin is dead and useless after 13 years. Also consider that bitcoin was essentially created with no startup investment and now has a valuation of 400b dollars. If Bitcoin was y combinator incubated for all intensive purposes it would be considered a success. Maybe Bitcoin can teach us a lesson here.

Now its important to understand. I'm not here to change your mind or suggest you use Bitcoin. At this point I'd actually suggest the opposite. If you want to stop bitcoin though I suggest you'd be wasting your time (energy) but by all means you can try.

Best of luck to you.

1 comments

The current market cap only shows how irrational an unregulated market can be.

It doesn't say it's successful just because.

gwyneth paltrow is successful enough with her garbage. Plenty of MLM still exist.

I bought drugs with BTC. How much market cap are illegal drugs alone?

Unfortunately tech like stable coins, nft, BTC scratch something in man but I'm not sure if it's just too complicated for some to really understand it.

El Salvador shows us how useless it actually is if you try to use it in the real world.

I sincerely respect that you do not value Bitcoin. But by voicing your opinion. You are implicitly partaking in the market. Clearing you are trying to influence others that Bitcoin has no usefulness or value. And again I sincerely respect that. After all that's how a free market works.

Now having said that. By implicitly partaking in the market. You' d have to concede that other's have a right to partake in the market too. And the market clearly at this time thinks Bitcoin is worth 19,302.40 USD with a market cap of 369.95 billion. That's more then Meta (facebook) BTW

So clearly after 13 years. The market still thinks Bitcoins has value and that valuation has gone up not down. As much as you want to scream to the rafters about it. It's not going to change the markets valuation of Bitcoin. And that's what determines value the market.