So... you're admitting that you are a bad predictor of future trends?
In 2009, I was starting with Scala, which had functional features way beyond what was achievable in other languages at that time. Scala was a game changer, it rode later on the Big Data (Spark, Kafka) wave (circa 2015). Many academic things that Scala proved to be production-ready were backported after to Java, JS, etc. I have built systems with Scala that were actually useful for people and organisations, while Bitcoin as a technology... I am just glad that I have predicted worse in this case.
> Bitcoin would have today 0 value because it is boosted only by FOMO (fear of missing out)
An incredibly tired take (but it's cute that you spelled out "FOMO" and abbreviated it). Compared to 2009, 2021 is the future, where the value of BTC is not 0. We don't have to speculate incorrectly as you do when you say "Bitcoin would have today 0 value," we know what value it is.
You completely failed to predict the effect of BTC and cryptocurrency on the global financial market, which supports your idea that "we cannot predict future trends." We can make educated guesses though.
The imbecilic way of saying supply and demand?
- it was actually useful for people transacting things
- it introduced the world to blockchain as a general technology, which at this point many new things (which people find useful in ways more complex and more varied than the above) have been built atop.
The idea that BTC would be worth $0 without speculation is just poor reasoning. It misunderstands the past, ignores the present, and doesn't even look to the future, so not surprised you didn't pick up on this particular trend.
Do you even know what a "permissionless transaction" or an "immutable ledger" are? Do you believe Bitcoin has achieved both?
Usually I block trolls, but in the lack of such a functionality on HN take this comment as my last interaction with you.
Of course it's not, it's simply a transaction; it doesn't need to be between two separate parties. I don't think you understand Bitcoin as well as you believe, you have it confused with an economic theory.
Reading "Bitcoin: A Peer-to-Peer Electronic Cash System" will do you good.