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Subject:  Re: OT-Bitcoin Date:  11/5/2017  10:12 AM
Author:  platykurtic Number:  268326 of 279324

“So, it’s going to be very difficult for it to be a currency when the time and the expense of doing a transaction is 100 times what you can do over a Visa or Mastercard, right?” asked Cuban, adding that really the only value of bitcoin and ethereum is that they are just digital assets that are collectible.
This really is the issue with bitcoin, although other (perhaps better) estimates have it as 1000x more expensive than a regular financial transaction.

So any investing in bitcoin (or similar) is essentially a bet on a "greater fool" or the criminal marketplace as the physical first principles don't hold up. Blockchain could well be a thing though, just (as in most technologies; for example DNA sequencing in the late 90s) not in it's initial form. Which is not to say that right now Bitcoin isn't a fantastic speculative instrument - it is - but that doesn't make it a sensible investment for most people either.

It might be wise to get out at least your initial capital while the goings good, in case it all comes to tears.

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