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RE: Why Raiblocks Will End as a Pump & Dump

in #raiblocks7 years ago

Wait, you don't think lightning will fix bitcoin, but still own 65% bitcoin? Does not compute. If you don't believe in Lightning, you don't believe in Bitcoin. To be clear, neither do I.

Bitcoin and litecoin are not stores of value, by definition. They're not digital gold and silver. A store of value must first be used as a widespread currency and build a history of purchasing power stability (this is the adoption phase, not random mass purchasing by laymen who heard about it from their cousin's nephew, despite prohibitively high fees destroying any utility the network may provide), or there is no value for it to store. If you're not on the lightning bandwagon, abandon bitcoin for something with an actual future while it's still priced in 5 figures.

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