'The orange tie stays': Michael Saylor responds to venture capitalist's bitcoin obituary
"Bitcoin feels like the CD in the age of Spotify, the DVD in the age of Netflix," wrote Jason Calacanis.
“The dead cat continues to bounce,” wrote investor Jason Calacanis as bitcoin returned to the $80,000 level on Friday.
Calacanis went on to argue that Bitcoin isn’t great for transactions or smart contracts, has an intimidating user experience, and no longer captures the public’s imagination.
“Folks expect bitcoin to be stable and that it’s no longer a way to get rich quick,” he continued. “It’s boring … Advocates went from pirates to suits in orange ties, awkwardly sharing cringe memes — just like the cool kids do!”
“If Bitcoin were going to reach mass adoption and an important use case, it does better than anyone else, it would have by now.”