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Perhaps the biggest cultural shift in my eleven years in Bitcoin has been the transition from tinkering techies emphasizing “don’t invest more than you are willing to lose”, to the Michael Saylors of this world telling everyone to sell their house, car and wife (and then go into debt) to buy more bitcoin.
Whenever I listen to the macroeconomic commentators in this space (who for the most part started popping up some five or six years ago), I usually feel there is one key point they keep missing. Sure, Bitcoin is no longer just the experimental new project it was over a decade ago— but it can still fail.
The list of things that could go wrong is too long to include in this Take, but suffice to say they include everything from too much centralization to too much decentralization. (If —say— mining centralizes too much, Bitcoin can be regulated to death. While the project could literally and figuratively fall apar
We współpracy z: https://bitcoinmagazine.com/takes/bitcoin-is-no-fait-accompli
