/biz/ - Business & Finance

>>12982957
There's many narratives around Bitcoin. The government or NSA created it, Hal Finney created it, Dave or Craig created it, Nick Szabo created it. Bitcoin today is not Bitcoin from 2009. It's valued in us dollars and not by itself. Miners are securing the network the more they mine blocks. At any moment, billionaires could team up and buy all the bitcoin for sale. When Bitcoin reaches another ATH, will you hodl or will you cash out? The true believers in it hodl and believe in decentralized currency no one can take from them. Problem is it turned from digital cash to digital gold.

Then the CME Group made futures for it. There are futures only for gold, silver, and now Bitcoin. May be others, but isn't it interesting how Bitcoin has future contracts? Thought it's a ponzi and a great fool theory scam. There's so many twists and conspiracies to Bitcoin. We need to be careful about investing everything in it, but at the same time invest some. The technology of Bitcoin and blockchain has immense potential to do good for the world. It also has potential to lead to turmoil.

Speculation needs to come to an end and real use cases need to take over. What are people gonna do just keep trading tokens until they get rich? All's I know is RIP Hal Finney.

If anyone was Satoshi, he was, but he's gone and can't see where it is now. I think he'd be proud and worried at the same time.