Tangent but it seems to me that this Covid situation is ripe ground for the next... | Hacker News

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		shrimpx on April 10, 2020 \| parent \| context \| favorite \| on: The Global Dollar Short Squeeze Tangent but it seems to me that this Covid situation is ripe ground for the next crypto bubble. The envisioned endgame on which the 2017 bubble was based was “hyperbitcoinization,” the prospect that national currencies would give way to bitcoin, but nobody could really explain why. This new space of financial instability seems like ripe ground for the next wave of hyperspeculation.

dylkil on April 10, 2020 | [–]

will people wake up this time and realise bitcoins limit of 350k tx's per day makes it completely useless as a currency? My guess is no.

whoisjohnkid on April 10, 2020 | [–]

Agreed.

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