<story><title>Is Bitcoin Down or Just Me?</title><url>https://www.isbitcoindownorjustme.com/</url></story><parent_chain><item><author>camjohnson26</author><text>For all the hate Bitcoin gets because it’s obviously in a bubble market, can we at least agree that it is an astounding engineering achievement that an anonymous individual and a small group of researchers were able to build a network capable of transacting billions of dollars of value with only 2 service incidents in 14 years? All without any meaningful service costs and no hacking of the network, despite huge incentives.</text></item></parent_chain><comment><author>beaconstudios</author><text>There is a meaningful service cost, it&amp;#x27;s just paid for by mining. Environmentally there&amp;#x27;s also a massive cost, one that is not offset by the benefits bitcoin brings - which is primarily financial speculation and scams.&lt;p&gt;Cryptocurrency is probably one of the worst inventions in recent memory.</text></comment>
<story><title>Is Bitcoin Down or Just Me?</title><url>https://www.isbitcoindownorjustme.com/</url></story><parent_chain><item><author>camjohnson26</author><text>For all the hate Bitcoin gets because it’s obviously in a bubble market, can we at least agree that it is an astounding engineering achievement that an anonymous individual and a small group of researchers were able to build a network capable of transacting billions of dollars of value with only 2 service incidents in 14 years? All without any meaningful service costs and no hacking of the network, despite huge incentives.</text></item></parent_chain><comment><author>matheusmoreira</author><text>&amp;gt; can we at least agree that it is an astounding engineering achievement&lt;p&gt;As the first cryptocurrency, it&amp;#x27;s certainly an incredible innovation and idea. However, it&amp;#x27;s already outdated technology.&lt;p&gt;Bitcoin failed to become everything it was idealized to be. It&amp;#x27;s not anonymous. It&amp;#x27;s not private. It&amp;#x27;s not fungible. It&amp;#x27;s not decentralized. It&amp;#x27;s not unregulated. It&amp;#x27;s not even a currency since transactions are not cheap and fast which makes them unusable.&lt;p&gt;The best thing this coin can do for the wider cryptocurrency space is disappear and let better projects take the lead. Yet it&amp;#x27;s the most popular coin and the only one the average person knows about. This is sad and to me it&amp;#x27;s proof of the complete irrationality of this market.</text></comment>