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Message Subject Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Poster Handle Anonymous Coward
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They think seashells are somehow better than a trustless distributed ledger. They need to be able to see stuff. Low IQ people need to be able to visualize something.

It reminds me of the discussions about African languages and their inability to understand abstract concepts and didn't even have them in their language. They didn't even account for something like "trust" or the future. These people who shit on crypto remind me of that. They have no capacity for abstract thought and so they can't see the value of the ledger.
 Quoting: Anonymous Coward 2492899


Yup I hear ya but the whole financial system is difficult to understand. Fractional reserve banking? Derivatives? National asset reserves? CBDCs?

I just hope some of you all that have this gut feeling that Bitcoin is bad/evil/doomed do the following.

Buy $1,000 or whatever you can afford to lose. There is a chance that $1k becomes $100k or more in your lifetime. I'm not kidding. If I'm wrong, call it "I told you so" money. I've seen so many converts over the years. I've also seen people say it's overpriced when the price was in the hundreds of dollars, thousands and where it's at now. The fact is, we are still early in this transition.

And to those that call Bitcoin a a bubble... It kind of is. But so is our lives, we start small as a baby, we grow, we die. That's not bad, that's life. Everything in life is valued arbitrarily on what we deem it to be. We work and we invest our livelihood in this value. If everyone decided at one point that the paper money is worthless... It becomes worthless! That's happening now, slowly and surely.
 
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