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codyb 8 hours ago

That's been my target for the last... wow... has it nearly been 18 years since I started futzing around with Bitcoin for the first time?

Been a swift drop this time. My buddy goes "if only I sold it all in October", what... like the rest of the people participating in the Ponzi scheme who would also like to cash out at the top?

Looks like all those stupid bitcoin treasury companies are finally unwinding.

At least no one's sitting around pretending it's going to actually do anything useful anymore.

bb88 8 hours ago | parent [-]

> At least no one's sitting around pretending it's going to actually do anything useful anymore

It enriches certain elected officials (and their friends). That's why the US Government holds a "Strategic Bitcoin Reserve".

Other than that if you measured the utility of Crypto assets versus AI, there's no argument that AI (even though it's in a bubble) is still more valuable per MWh than Crypto.

codyb 8 hours ago | parent [-]

Oh ya, AI may be frothy and bubbly right now but there will certainly be and already are tremendous real world software and hardware products and tech flowing out of the space