If he HODL, he'd never buy the house with BTC in the first place, because he'd HODL forever. There would never be a transaction. So what exactly is the point of BTC then?
This Ultra-Modern Beverly Hills Mansion Can Be Yours for 1,000 Bitcoins—or $65 Million
- Thread starter ajacobson
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If he HODL, he'd never buy the house with BTC in the first place, because he'd HODL forever. There would never be a transaction. So what exactly is the point of BTC then?
It (digital coins) is a tradable asset class. Period. Not much different from the old-school days of trading cards.
Blockchain otoh is a technology with wide application.
I'm not talking about blockchain tech. I'm talking about a house you can buy for 1,000 BTC.
USD is currently the world reserve currency.
Maybe it will be BTC (or something else) one day, but today it is USD.
And that is the point. So BTC is pointless. It is a USD randomizer. Toss your USD into the BTC randomizer, and what comes out a week later in USD is truly potluck.
There is no real point to it, it is a hi tech ponzi scheme, the hope is some bigger idiot will take it off your hands for a higher price than you paid for it at some future point in time.
The thing is there appear to be enough idiots around to push this thing to $100K and beyond.
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spoken like true believer. BTC is not a coin it is a religion.