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wild_preference | 7 years ago

One issue with cryptocurrencies that pretty much everyone has a vested interest and you can't separate out the bullshit.

And it's not just vested interest though, there's vested delusion. If you read enough comments on /r/bitcoin, for example, you'll find people who seriously think their 0.001 BTC will buy them a Lambo one day. Completely rational people must have trouble resisting the temptation of just quick-plugging their pet cryptocurrency here and there because they own some and they're super enthusiastic.

And, on the other side, there are people who overreact to that, unable to separate the community from the tech when they are just talking about the tech. But I also think a lot of people dump on it because they are bitter that they missed out. I think the latter group explains more than we realize. Read patio11's bitcoin rants on twitter and tell me you don't see a flare of that.

It all creates a scenario where it's hard to really trust what anyone says about anything.

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_Tev|7 years ago

Some people just really dislike the shitty economics theories that are basis for cryptocurrencies. Hating on something you dislike is not too bad way to procrastinate.

sparkie|7 years ago

The great thing about Bitcoin is that people with "shitty economic theories" are not able to influence the money printers.

Hating on it is wasting your time, because you can't change the fact. No matter how much you dislike it, or your bankers dislike it, or your politicians dislike it. It is immune to dislike. You can either chose to live with it and use it, or live with it and ignore it (at your own peril). It's not going away.