11 years ago I sold 100 BTC, and made pretty good money.<p>With that said, the more I think about BTC, the less sense it makes to me. Exceedingly few people actually use it for anything practical. The “store of value” functionality has completely eclipsed the practical use that Bitcoin maxis were preaching back then.<p>Since 2016-2017, it seems like people have bought it for the sole purpose of seeing someone else pay more for it.<p>It will never become some “universal” currency that overtakes national fiats. Right now it seems like people are only hoping for governments to hoard up BTC, to moon the price and provide exit liquidity for early holders - which IMO would be reckless spending.<p>It is the ultimate make-believe asset.<p>Edit: also, when I ran the numbers, I figured a realistic max value for 1 BTC would be 500k-1M. So the big money has been made, imo.
Bitcoin Cash is what I wanted Bitcoin to become... cheap transactions, inclusive to all at the on chain layer. Unfortunately, that fork did not gain majority following.
No competent government should be allowing the continued use of Bitcoin. Proof of Work is climate Arson, its burning tremendous amounts of energy for the shittiest database you could imagine at a time when we desperately need to reduce Carbon emissions.