The resolution of the Bitcoin experiment
Mike Hearn

Cryptotokens have a problem since there are so many different types of them. Did Satoshi ever think of people forking his code and making better tokens? The smartest thing Satoshi did was call it “Bitcoin”, because it made it feel like money. In the end they are just digital tokens on a distributed hard drive.

Once the market starts to come apart as the sellers outweigh the buyers the wheels will come off the Bitcoin USD price train. It seems technically, the wheels have fallen off already. I suspect the market will soon follow, more sellers will come out to start the downward price spiral. Soon every Bitcoiner will want “filthy fiat”.

The beautiful thing about Bitcoin though is that One Bitcoin will always be worth One Bitcoin.