3. People on Roger Ver before Blockstream decided to brainwash against him:

People on Roger Ver before Blockstream decided to brainwash against him:

If your reasoning is that market price short term matters, are you going to also say BTC is three times less useful than a month ago? Or 100x more useful now than a year ago? Or had only a thousanth of the odds of reaching mainstream adoption in 2012 as it does now?

Markets can temporarily grossly misprice assets. Bitcoin is just a ledger system for civilization, which is what gold is and what the fiat money system is. For almost a decade, the market has been saying very, very loudly, "Bitcoin is not the ledger of civilization." It has remained many orders of magnitude lower-priced than any of the main ledgers of civilization. Or imagine the Fed launched a Bitcoin fork and it exceeded Bitcoin in market cap and thus inherited the Bitcoin name and ticker. Would that make it Bitcoin in any relevant sense for someone who wanted Bitcoin to succeed?

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