Sunday, April 1, 2018

Hey, remember Bitcoin?

Hey, so why is bitcoin down to $6910?

Zerohedge says "it would be unfair to be totally dismissive of what the Blockchain technology has brought about", but how is it unfair to note that Visa can process a million times as many transactions per second as crypto, yet crypto is supposed to be taken seriously as a payment method? Or is it not really a currency? Cuz, y'know, currencies are payment methods.

Then Zerohedge says "One must remember that the aftermath of the dotcom bubble also affirmed that truly innovative organizations and technologies could weather the storm", which is true if "innovative" means blathering libertopian nonsense. I mean, we all know that'll always weather the storm.

Then Zerohedge says "Whether or not crypto ventures will share a similar fate to dotcoms remains to be seen", which kinda sounds like their Russian paymasters are throwing in the towel and want to move on to their next scam.

1 comment:

  1. Every time you write an article on bitcoin I buy some, because it must be over sold.

    It works out everytime. Thanks.