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Originally Posted by Yoho
You know these things are computers right? They can receive upgrades to make them faster, stronger etc. as time goes on.
IMO the people holding their breath waiting for a new better Bitcoin are going to be very disappointed when it’s the global reserve currency.
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Bitcoin are computers??
Here's Ray Dalio's thoughts on it. I believe him to be correct on this point about Bitcoin and the inevitable competition.
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Although Bitcoin is limited in supply, digital currencies are not limited in supply because new ones have come along and will continue to come along to compete so the supply of Bitcoin-like assets should, and competition will, play a role in determining Bitcoin and other cryptocurrency prices. In fact I assume that better ones will come along and displace this one because that is the way the evolution of everything works—i.e., new ways of doing things and new things always have and always will replace old ways of doing things and old things. Since the way Bitcoin works is fixed, it won’t be able to evolve and I presume that a better alternative will be invented and pass it by. I see that as a risk.
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https://www.bridgewater.com/research...hts-on-bitcoin