Kool. @exyle you have smartly summarized the bank - bitcoin 'argument' in just one line:
'if they are good at detecting bubbles, why did they not see the housing bubble'
You are totally right. The technology and system around bitcoin is reasonable and firm. What am I trying to say?
If people want to call bitcoin a bubble, they ought to explain why exactly it is, instead of incompetently comparing it to past bubbles that do not share any characteristics with bitcoin other than a big price tag. If bitcoin were a bubble, it would be the largest one humankind has ever witnessed (not counting the 6,000-year old gold bubble, of course). But that is unlikely. It is more likely that bitcoin is just an amazing creation. Its value and potential dwarfs any fintech idea heretofore imagined, and the blockchain communities are just getting started.
Thanks for this wonderful post today @exyle,i love crypto alot that's why I love to involve myself in any discussions involving it. Would gladly expect more from you i the future. Thanks.
Thank you.