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by spaceman0997 1303 days ago
The price isn't the thing that matters the most about Bitcoin...

What matters the most is that nobody can take my coins from my wallet if I don't want them to and that I can send the coins to anybody I want, however much I want and whenever I want.

3 comments

What matters the most is that nobody can take my coins from my wallet

Really? So it doesn't matter that the bitcoins in your wallet are now worth about 1/4 of what they were a few months ago?

Where did all that value go? My guess is a lot of it is sitting in fiat bank accounts someplace under the control of Binance and Bitfinex.

The numbers in your wallet may be the same but 3/4's of the value has been removed. You've been robbed and you don't even know it.

That’s it’s utility as a currency. But the only reason you care about it being a currency in the first place is because of its purchasing power — value. Once it has value, then those properties are meaningful.
I genuinely can’t tell if this is satire.