Comment by TekMol | Hacker News Reader

Comment by TekMol | Hacker News Reader

That's the most absurd article ever. With 3 lines of text and laughable graph. "Years from peak". There have been so many peaks in the history of Bitcoin, what is the reason to think this is the final one? No word on that.

But hey, let's talk about Bitcoin? Why not! It's super interesting. I think there is not enough real debate about it on HN!

I think we are facing a massive wave of change due to the crypto technology that is currently developed. I expect it will be as big or bigger then the internet. But I am skeptical about Bitcoins share in the long run. I doubt we really need the mining. I expect that there will be new technologies that enable crypto without proof of work. And they will become strong competition to Bitcoin.

However, the market is so enormous that even with a small market share, Bitcoin could be worth the $100B it is currently traded for.

Excellent, I can't wait for accellerated climate change & global warming from even more mining! /s

This seems like fanboyism and marketing. Crypto around for 9-10 years now and I haven't seen it change anything in the world for the better. I worked for exchanges and worked on multiple crypto projects, but due to the nature of the cryptocurrency community being extremely toxic, I could no longer handle the death threats and pulled out of crypto entirely. Feel free to name something that it's changed. What do you think it's going to change and how?

As I said, I think mining will be replaced with new, yet to be developed technologies.

Random example of what will change: Autonomous companies. Remember the DAO? That was a first glimpse of the future. As an investor, you put money in via a crypto transaction and then you have voting power over the actions of the company.

For one thing, it's much easier to buy drugs on the internet now. People can use it to skirt capital controls. It may have some uses in money laundering. You can gamble with crypto much more easily than with a credit card. These may or may not be positive things, depending on your point of view, but they are things that have changed.

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