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191 points aorloff | 3 comments | | HN request time: 0.411s | source
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Synaesthesia ◴[] No.44470362[source]
I was also around when bitcoin just started out. Many people wanted it to be a global revolution in finance.

But instead it turned into a game of "hodl" to get rich.

Scams were openly perpetrated in the forums.

I became completely disillusioned. What exactly does bitcoin offer the world today?

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hx8 ◴[] No.44470672[source]
> What exactly does bitcoin offer the world today?

Aside from perhaps gold, bitcoin is the most successful currency in the world not associated with a central bank and state.

It's the most liquid asset that is not issued by a central bank. At any point you can issue a transaction to anyone else in the world, without the possibility of a third party intervention. I've had issues pulling cash out of banks, or limited sizes available for money orders, or having debt/credit card transactions incorrectly flagged as fraudulent and blocked.

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1. MangoToupe ◴[] No.44471687[source]
> currency

Well given that you basically can't spend bitcoin anywhere, it's definitely not a currency.

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2. diggan ◴[] No.44472159[source]
> Well given that you basically can't spend bitcoin anywhere

Grand statement coming from someone who hasn't been everywhere.

3. tim333 ◴[] No.44472832[source]
I did manage to use some to buy an eSIM. Still not a very good currency.