Thread

Neovim have a ~$800k Bitcoin donation sitting untouched since 2023

320 points · 277 comments · jakemanger

pluc · 1789644117 · focus · HN ↗
[dead]
1. esskay · 1789644718 · focus · HN ↗
  I know you're joking but keeping bitcoin now really does feel like a poor investment given it's showing no signs of ever being revived.
  1. accountrequired · 1789645109 · focus · HN ↗
    Bitcoin died *again*? hehe :P
    esskay · 1789645622 · focus · HN ↗
    oh i dont think its 'dead' in the way people often describe. More...done. Like, the period of obscene growth is over and its now seemingly settled into a fairly dull investment with mediocre returns.
    singiamtel · 1789647356 · focus · HN ↗
    Isn't that a good thing? The main argument I've heard against using bitcoin as currency is that it's too volatile.
    hattmall · 1789649026 · focus · HN ↗
    It would be, except when the primary value proposition is capturing the upside of that volatility. In the case of BTC a sustained lack of volatility is going to create significant downward pricing pressure. At some point that will trigger a run and as stakeholders have condensed the rut will get deeper and deeper as the upside of the volatility swings continually lower.

Unofficial Hacker News client; not affiliated with Y Combinator.