Lrock

Joined Sep 14, 2018

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Christoph Bergmann
2130d
A financial bubble means that for an asset like Bitcoin the use as a store of value grows exponentially. The rules of math determine that this can‘t happen sustainable and that it reaches with a pace, that must seem surprisingly for human minds, the point where it is „too high.“ From here the use as a store of value decreases constrainingly. The bullmarket has become a bearmarket. To get out of it, to enspark another turn toward raising prices, there needs to be a growth in the use of the function which underlies the asset. For Bitcoin this is the p2p e-cash system. 1/8
Christoph Bergmann
replied 2130d
Christoph Bergmann
The result is, that Lightning made Bitcoin to an experiment with an unknown outcome. It could happen, that Lightning does what it is promised to do and reinforced the needed growth. But it could also happen that Lightning transforms the entire Bitcoin ecosystem in a failed experiment of technocracy. 8/8
slb
2261d
Memo is the first dapp that has more users than investors.
2262d
Stefan Molyneux predicts Blockstream takeover of Bitcoin in 2014:
replied 2263d
Video support is planned. IPFS is currently the top choice for hosting. USD translations would be good. Thanks for the input. Yes, tipping is a great way to donate :)
2267d
"Racism is the lowest, most crudely primitive form of collectivism." - Ayn Rand