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189 points aorloff | 1 comments | | HN request time: 0.207s | 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. anileated ◴[] No.44471981[source]
The difference between a currency and store of value is not an exact line, but however vague that line is it is somewhat clear on which side Bitcoin is, and it is not the currency side.