Jordan on Nostr: To me, I have mixed feelings. I believe in Bitcoin as a principle of peer to peer ...
To me, I have mixed feelings.
I believe in Bitcoin as a principle of peer to peer cash but as a practice I've had a more consistent experience with other blockchains, and maybe that's because of low network usage perhaps, who knows.
I feel like the older bitcoin culture was about the technology that drives bitcoin but now it seems like modern Bitcoin culture is all about price (speculation).
It's hard to say how much of Bitcoin is driven by fundamentals, and how much is driven by speculation.
However when you talk to some people they seem very defensive about the technological faults, and issues with Bitcoin.
I think a portion of the Bitcoin price is driven by people who think they can dump it at a higher price later, I'd say most people who bought around 2020, or so.
I believe in Bitcoin as a principle of peer to peer cash but as a practice I've had a more consistent experience with other blockchains, and maybe that's because of low network usage perhaps, who knows.
I feel like the older bitcoin culture was about the technology that drives bitcoin but now it seems like modern Bitcoin culture is all about price (speculation).
It's hard to say how much of Bitcoin is driven by fundamentals, and how much is driven by speculation.
However when you talk to some people they seem very defensive about the technological faults, and issues with Bitcoin.
I think a portion of the Bitcoin price is driven by people who think they can dump it at a higher price later, I'd say most people who bought around 2020, or so.