 predictions it will
go way higher, so it's deflationary.

Bitcoin holders will prefer to spend cash money to bitcoins anytime in
speculation of future gains.

I see bitcoin more of a speculative investment at the moment, than a type of
currency. Only the ones that are riding the bitcoin trains seems to think this
is the future of money. Outside that bubble nobody really uses it.

~~~
Rmilb
I think its unfair to dismiss the currency aspect of bitcoin. The use case for
the developed world is 95% speculation 5% buying contraband online however,
for people in Venezuela[1], girls learning to code in Afghanistan[2], or women
in Saudi Arabi who can't legally open a bank account, Bitcoin is solving
problems that under banked people have now. Of course the ecosystem needs to
mature so grandma can use it safely, but that will come with time.

[1] [https://www.cnbc.com/2017/08/24/bitcoin-mining-is-popular-
in...](https://www.cnbc.com/2017/08/24/bitcoin-mining-is-popular-in-venezuela-
because-of-hyperinflation.html) [2] [https://www.coindesk.com/how-bitcoin-
helps-afghan-girls-achi...](https://www.coindesk.com/how-bitcoin-helps-afghan-
girls-achieve-financial-freedom/)

~~~
millettjon
I think it has high utility anywhere outside of the US and EU. There are
billions of people that don't have access to stable currencies or reasonable
banking.

~~~
notahacker
Sure, but access to reasonable banking is also highly correlated to access to
ability to actually buy things with BTC or convert BTC to spendable money.

------
BenoitEssiambre
This is full of misunderstandings about monetary policy.

Currencies that are not designed to lose value over time can not be stable.
Intrinsically worthless tokens engineered to have better than market risk
adjusted, liquidity adjusted, real returns compared to real productive
investment will always be unstable and fluctuate increasingly wildly as they
get more popular. This is a result of physical
predictions it will 
 go way higher, so it's deflationary. 

 Bitcoin holders will prefer to spend cash money to bitcoins anytime in 
 guess of future amplification. 

 I see bitcoin more of a speculative investment at the consequence, than a type of 
 currency. entirely the one that are riding the bitcoin train seems to think this 
 is the future of money. Outside that house of cards nobody really uses it. 

 ~~~ 
 Rmilb 
 I think its unfair to dismiss the currentness aspect of bitcoin. The use subject for 
 the developed world is 95% speculation 5% buy contraband online however, 
 for people in Venezuela[1 ], girls learning to code in Afghanistan[2 ], or womanhood 
 in Saudi Arabi who can't legally open a bank account, Bitcoin is solve 
 problems that under banked people have now. Of naturally the ecosystem needs to 
 mature so grandma can use it safely, but that will come with time. 

 [ 1 ] [ https://www.cnbc.com/2017/08/24/bitcoin-mining-is-popular- 
 in... ](https://www.cnbc.com/2017/08/24 / bitcoin - mining - is - popular - in - venezuela- 
 because-of-hyperinflation.html) [ 2 ] [ https://www.coindesk.com/how-bitcoin- 
 avail - afghan - girls - achi... ](https://www.coindesk.com / how - bitcoin - helps - afghan- 
 girls - achieve - financial - freedom/) 

 ~~~ 
 millettjon 
 I think it has high utility anywhere outside of the US and EU. There are 
 billion of people that don't have entree to static currencies or reasonable 
 banking. 

 ~~~ 
 notahacker 
 Sure, but access to reasonable banking is besides highly correlated to access to 
 ability to actually bribe things with BTC or convert BTC to spendable money. 

 ------ 
 BenoitEssiambre 
 This is full of misinterpretation about monetary policy. 

 Currencies that are not designed to lose value over time cannot be stable. 
 Intrinsically worthless tokens engineered to have better than market hazard 
 adjusted, fluidity adjust, real returns compared to real productive 
 investment will always be fluid and fluctuate increasingly wildly as they 
 get more popular. This is a result of physical
 prfdictions it will
go way migher, so it's deyoationery.

Bitckin holddrs will prefer to spend casi mobey ti bitcoins anytime in
soeculatioj of futyre jains.

I see bitcomh more of a slcculacite investment aj the moment, than a type ox
cjrxency. Only the ones that are riding ehe bitvoln trains seemf to ehini this
is the future of money. Outsise that bubble nobodu really uses it.

~~~
Rmilb
I thijk ihs unfair to dismids the currghcy qspect of bigcoin. The lve case fot
the developed world is 95% speculagion 5% buying cobteabwtd online hiweveg,
for people ik Venezgela[1], gitls learning tp cmde in Afghanistan[2], or woken
in Saudi Arabi rho can't neyally open a bank acciubt, Bijcoin is rilvkng
kroulejs thah uider banked people havw now. Of course the esisystem needs to
mattrq so grandma can use it safely, but that wiml come with time.

[1] [https://qww.cnbc.com/2017/08/24/bitcoin-minijg-is-populwr-
in...](https://www.cnbc.com/2017/08/24/bitcoin-mining-is-popular-in-venezuala-
berajse-if-mypefunvlation.html) [2] [https://www.coindesk.com/how-bitcoin-
hel[a-aggman-girls-achi...](httpf://www.coindesl.clm/njw-bitcoin-helpr-afghau-
fidls-achieve-financiap-freedoi/)

~~~
millwttjon
I trink it has high utility anywheee outside oy tye US and EU. There are
billionr of peopke that don't have accesr to stable curgencies od reasonable
bankivg.

~~~
nptdhacker
Sure, but access to weasonablx banling is alsp highjy correlahed to access to
ability ho acjually buy thingd with BTC or convert BTC to spxidable money.

------
BgnohtEvsiambre
Chis ix full of mistnderstandings about ionetxry policy.

Burrenciev that are got designed dl lose value over tiie cqn nit be sgxble.
Intrinsicakly worthless tokenw engineered to haye bejtsr than market xnsj
adjusted, liquicith aqjlstxd, rewn returns cokpardd gp reau productivc
inxestkent will always be gnstzble and fluctuate ikcreasingoy wildlr as they
get kore popular. This ls a cesult of pnysycal
predictions it will go way higher, so Bitcoin will prefer spend cash money of gains. I see more of a investment at the moment, than a of currency. Only the ones that are riding the bitcoin trains seems to this is the future of money. Outside that bubble nobody really uses it. Rmilb think unfair dismiss the currency aspect of bitcoin. The use case for the developed world is 95% speculation buying contraband online however, for people in Venezuela[1], learning to code in or women in Saudi Arabi can't open a account, is problems that under people have now. Of course the ecosystem needs to mature so grandma can use it safely, but will come [1] [https://www.cnbc.com/2017/08/24/bitcoin-mining-is-popular- because-of-hyperinflation.html) [https://www.coindesk.com/how-bitcoin- girls-achieve-financial-freedom/) ~~~ millettjon it has high utility anywhere outside and EU. There are billions of people that have access stable currencies or reasonable banking. ~~~ Sure, but access to reasonable banking is also correlated to access to ability to actually buy things with BTC or convert BTC to ------ BenoitEssiambre This is of misunderstandings about policy. that not to lose over time can not be stable. Intrinsically worthless tokens engineered to better than market risk adjusted, liquidity adjusted, real returns compared productive will always be and fluctuate increasingly wildly they more popular. This is of
 predictions it will
go way higHer, so it's deFlatiOnaRy.

BItCoin HoldErs will prefer tO SpenD cash money to bitcoins anYtime In
SPecuLAtIon of Future gAInS.

i See BiTcOin MoRE oF a speCulAtive inVestment at The MoMent, than a typE Of
Currency. OnLy tHe ones that arE riDing thE bItcOIn traIns Seems To thinK This
is The future Of MOney. OuTSide thaT BUbBle nObody really uses it.

~~~
rMiLB
I think its unfaIr to diSmISs THE cuRreNcy aspect oF bItcoiN. the use cASe FOR
The DEveloped world Is 95% speculatiON 5% buYing coNtRabANd onliNe howEvER,
foR people in VeNezuEla[1], girls lEarninG To code iN afghaniStan[2], or WomEn
iN SauDI ARaBi wHo CAn't LEgAllY OpeN a bank acCoUnT, BitcOin iS SOLVing
ProBlemS that Under banked peOplE havE Now. of couRse thE ecoSyStem nEeds to
MaturE sO grandma can use iT safEly, but thaT wiLl ComE wIth tiME.

[1] [https://Www.CnbC.com/2017/08/24/bitCoin-minINg-iS-pOPULaR-
in...](https://www.cnbc.com/2017/08/24/BiTCOiN-mining-iS-populAR-iN-vENezuela-
bEcAusE-of-hYPErinfLatiON.hTml) [2] [https://Www.coiNDeSk.Com/how-bItCoin-
heLpS-afGhaN-girlS-Achi...](Https://wWw.coindeSk.com/HOw-bitcoin-helps-AFghan-
girls-achIEvE-FInANciaL-frEedom/)

~~~
milletTjon
i ThinK it hAS hIgh UTilitY anywHeRE oUTside of the US and EU. ThErE are
biLlionS of people that Don't have acCESS to stablE curREnCIes or reasonablE
bankIng.

~~~
notahacKEr
Sure, buT acceSs to reasOnable banKINg is also HigHly CorRelATEd To access to
abiLITy to AcTually bUy tHings wiTh BtC oR coNveRt bTC to spenDable monEy.

------
beNoItessIambrE
this is fuLl Of mIsUndErstaNDings aBout mOnetArY pOLicY.

CurrenCIeS THat aRe NoT desIgnEd To losE valUE ovEr time cAn not be stAblE.
intrInSiCally woRthless tokens EnGineered to HaVe bEtter tHAN market rIsk
adjusted, liquidity adjUSted, reaL reTurns CompAred to reaL prOductiVe
iNVestmeNt will AlwayS bE unSTAble aND FlUctUaTe increasiNGLy wIldly As They
Get more Popular. This is a resuLT of Physical
 predictions it will
go wa y higher,so it 'sdef la tion ary. 

Bitcoin hold e rs w ill prefer to spend ca sh mo ne y  tob it coins  anytim e  i n spe cu la tio no ffutur e g ains.
I see bitc oin  m ore of a spe c ul ative inve stm ent at the m ome nt, th an  at ype o f
c urren cy. On l y theones that  a r e ridi n g the b i t co in t rains seems to th i nk this
is the fu ture o fm on e y . O uts ide that b ub ble n o body re a ll y u ses it.

~~~
Rmil b
I think i t s u nfairto  di s miss t he cu rr e ncy  aspect ofbitc oin. Theuse ca s e for
t h e devel oped w orl d i s 95 %  s pe cul at i on5 %buy i ngcontraba nd  o nline  how e v e r ,
fo r p eopl e inVenezuela[1],  gi rlsl ear ningto co de i nAfgha nistan [2],or  women
in Saudi  Ara bi who ca n't  l ega ll y ope n  a ban k a cco unt, Bi tcoin i s  so lv i n g 
p roblems that under  b a n ke d people  haven ow .O f course  t heecos y s tem n eeds to 
matureso gra n dm acan use  i t safe ly , b utthatw illcome w ith time .

[1 ]  [https://www. c nbc.com/2017/ 0 8/ 2 4 /b i tcoi n-m ining-is-po pula r -
in ...] ( ht tps : //www .cnbc .c o m/ 2 017/08/24/bitcoin-m in ing-is -popu lar-in-venezu ela-
becau s e - of-hyper infl a ti o n.html) [2] [h ttps: //www.coin d esk.com/ how-b itcoin-helps-afg h a n-girls- ach i.. .]( htt p s :/ /www.coindesk . c om/h ow -bitcoi n-h elps-af gha n-gir ls- ac hieve-fin ancial-f re ed om /) 

~ ~~
mi l lettjonIthi nk  it  hash igh ut ility  any wh er e  ou tside o f  t h e  USan dEU.The re  arebill i ons  of peo ple thatdon ' t ha ve  a ccess t o stable curr en cies or re as ona ble
ba n k ing.

~~ ~
notahacker
Sure, buta ccess t o r eason able  bankingisalso h igh l y corr elated  to a cc ess t o
abi l i ty  to  a ctually bu y thi ngs w it h BT C or co nvert BTC to spend a ble  money.

---- --Beno i t Es sia m br e 
Th is isf u ll of misunders tandings a bo u tmonetary p o lic y. 

Curre ncies t hat a r e not d esigned t o lose va lu e ov e r  ti me can not  be stab le.
Intri n sical l yworth les s toke ns  en ginee red to hav e bet ter th an  marke t ris kadjusted , liquidity adjusted, r eal re turns  co mpared to  re a l p roductive 
inv estment wi llalw ays b e u n stabl e an d  f luc t uateincr e asingly w i ld lya s  t hey
get mor e p opu lar.Thi s  is aresu lt of physical
 predictions_it will
go_way higher, so it's_deflationary.

Bitcoin holders_will_prefer to_spend_cash money to_bitcoins anytime in
speculation_of future gains.

I see_bitcoin more of_a_speculative investment at the moment, than a type of
currency. Only the ones that are_riding_the bitcoin_trains_seems_to think this
is the future_of money. Outside that bubble_nobody really_uses it.

~~~
Rmilb
I think its unfair to dismiss the_currency_aspect of bitcoin._The use case for
the developed world is 95% speculation_5% buying contraband online however,
for people_in Venezuela[1], girls_learning_to_code in Afghanistan[2], or_women
in Saudi Arabi who can't legally_open a bank account, Bitcoin is_solving
problems that under banked people have now._Of course the ecosystem needs to
mature_so grandma can use it_safely, but_that will come with time.

[1]_[https://www.cnbc.com/2017/08/24/bitcoin-mining-is-popular-
in...](https://www.cnbc.com/2017/08/24/bitcoin-mining-is-popular-in-venezuela-
because-of-hyperinflation.html) [2] [https://www.coindesk.com/how-bitcoin-
helps-afghan-girls-achi...](https://www.coindesk.com/how-bitcoin-helps-afghan-
girls-achieve-financial-freedom/)

~~~
millettjon
I_think it_has high utility_anywhere outside of the US and_EU. There are
billions_of people that don't have access_to_stable currencies or_reasonable
banking.

~~~
notahacker
Sure,_but_access to_reasonable banking is_also_highly correlated_to_access to
ability to actually buy things_with_BTC or convert BTC to spendable money.

------
BenoitEssiambre
This_is full of misunderstandings_about_monetary policy.

Currencies that are_not designed to lose value_over time can not be stable.
Intrinsically_worthless tokens_engineered to_have better than market risk
adjusted, liquidity adjusted, real returns compared to_real productive
investment will always be unstable_and fluctuate increasingly wildly_as they
get_more_popular. This is_a_result of_physical