I’m a little worried about Bitcoin’s externalities.
I think most such worries are not well-founded, but I would also like to point out that “Bitcoin seems like it might eat the world in a bad way” is not exactly a reason not to invest. It might be a reason to fight against Bitcoin, but if you’re not fighting against it, it seems like precisely a reason you would want to buy it.
I think most such worries are not well-founded, but I would also like to point out that “Bitcoin seems like it might eat the world in a bad way” is not exactly a reason not to invest. It might be a reason to fight against Bitcoin, but if you’re not fighting against it, it seems like precisely a reason you would want to buy it.
Individual incentives to back something collectively terrible seems like textbook Moloch to me.
(which doesn’t imply that you’re wrong, of course)