(7/) The following post is part 7 of a super long story about how I came around to crypto. Part 6 can be found here. Part 8 can be found here. I don’t totally remember when I first heard about Bitcoin, but I know it was right around the time I left Wall Street, completely disillusioned with the financial markets - the industry on which I had built the beginning of my ‘career’ on for the past 7 years. I still had a bad taste in my mouth after it all, so I was looking for something…ANYTHING…to give me hope that this wasn’t all that there was. I DO remember, though, that when I did learn about Bitcoin, the only person that I could talk with about it was this guy I used to hang out with in high school - an ex-juvenile delinquent with who I worked with a few summers as an apprentice plumber.
I read that Bitcoin was invented primarily as a payment system and that investors turned it into an investment vehicle, which was the cause of its rise in value and its great volatility (resulting in diminished usefulness as a form of payment). What's your take on this? Were you initially drawn to Bitcoin for its usefulness as a payment system, or for its potential as an investment?
initially it just seemed like a cool way to engage in online commerce...i definitely didn't think it was going to be this massive thing that people were speculating on, but i'd be lying if i didn't think it was going to be desired. (never would have thought it'd be hitting $60k tho)
I read that Bitcoin was invented primarily as a payment system and that investors turned it into an investment vehicle, which was the cause of its rise in value and its great volatility (resulting in diminished usefulness as a form of payment). What's your take on this? Were you initially drawn to Bitcoin for its usefulness as a payment system, or for its potential as an investment?
initially it just seemed like a cool way to engage in online commerce...i definitely didn't think it was going to be this massive thing that people were speculating on, but i'd be lying if i didn't think it was going to be desired. (never would have thought it'd be hitting $60k tho)