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esskaytoday at 11:47 AM4 repliesview on HN

oh i dont think its 'dead' in the way people often describe. More...done. Like, the period of obscene growth is over and its now seemingly settled into a fairly dull investment with mediocre returns.


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dmantistoday at 12:43 PM

Depends on the actor.

From western perspective, maybe, but there are many people in the world who don't trust neither their government, nor western ones: Iranians, Russians, some Chinese, etc.

BTC is a nice safe place for money, which can't be touched by neither of state adversaries. Underperforming some other asset classes is totally acceptable, when your expectation for the brokerage account is effectively zero after arrest/freeze/sanctions.

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pjc50today at 12:50 PM

People found a new way to turn electricity into money at the expense of the atmosphere: AI.

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sphtoday at 12:01 PM

Well, that’s what people have said all the way to $70k+ price.

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singiamteltoday at 12:15 PM

Isn't that a good thing? The main argument I've heard against using bitcoin as currency is that it's too volatile.

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