> “Bitcoin is a fraud. It’s worse than tulip bulbs. It won’t end well.”
Not sure if this is meant to be a subversive crypto-promo, or author actually considers Bitcoin successful by associating its price with legitimacy. It was meant to be a currency, and it's become an investment vehicle. That's not success.
I'd suggest applying the 20-year rule here; ignore anything after 2002 so we can get a proper historical perspective, and is less subject to opinions like ours.
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[ 1.8 ms ] story [ 24.9 ms ] thread“Any useful idea about the future should appear to be ridiculous.” — James Dater
I love skeptical predictions. So I made the ultimate list of quotes told to inventors and entrepreneurs about their projects throughout our history.
It feels like an SNL sketch.
> “Bitcoin is a fraud. It’s worse than tulip bulbs. It won’t end well.”
Not sure if this is meant to be a subversive crypto-promo, or author actually considers Bitcoin successful by associating its price with legitimacy. It was meant to be a currency, and it's become an investment vehicle. That's not success.
I'd suggest applying the 20-year rule here; ignore anything after 2002 so we can get a proper historical perspective, and is less subject to opinions like ours.