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23 sats \ 1 reply \ @wackster OP 13 Aug \ parent \ on: What does "bitcoin failed" mean? bitcoin AskSN
  1. bitcoin does have these price crashes...I think most people would say an 60-80% drawdown counts as failing to function as a store of value
  2. while you can spend bitcoin in a number of places (especially thanks to square), it's not really easy to use it as a medium of exchange. it's barely across the failure state on this count.
  3. on this one, i think it still is pretty strong.
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11 sats \ 0 replies \ @Undisciplined 13 Aug
  1. Still fits with the upward trend when adjusting for “seasonality”
  2. Can be used pretty easily with those who want to use it. Agreed that the existence of such people is also important.
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