Bitcoin is a mystery to me. Somehow it's hailed as revolutionising the economy, by replacing currency with a worse kind of currency.
It feels like this is where all the "how to get rich quick" book writers and other hustle bros went and created one giant financial pyramid, which works in quite simple way:
- buy bitcoin
- tell everyone around how revolutionary it is, so they buy it and what you holding increases in value, then tell them to do the same.
Keep repeating the above two steps through different layers of abstraction, so it's not so obvious anymore.
The other thing that comes into play and makes it grow even bigger is when people see others who made money on this bunch of bollocks, and think that the fact they are rich somehow makes them smart. Then they buy into all of the cryptocurrency platitudes wholesale without stopping for a moment to critically evaluate it.
I think I'm a bit sour, because this whole crypto-crap infested the idea space of decentralisation, which is imho very important step that we should try to take take as a society. Now it's just forever tainted with bitcoin and all the greed fuelled people there, while the decentralisation should be quite the opposite in nature.
You know what would be revolutionary? Getting rid of currency altogether.
It feels like this is where all the "how to get rich quick" book writers and other hustle bros went and created one giant financial pyramid, which works in quite simple way: - buy bitcoin - tell everyone around how revolutionary it is, so they buy it and what you holding increases in value, then tell them to do the same.
Keep repeating the above two steps through different layers of abstraction, so it's not so obvious anymore.
The other thing that comes into play and makes it grow even bigger is when people see others who made money on this bunch of bollocks, and think that the fact they are rich somehow makes them smart. Then they buy into all of the cryptocurrency platitudes wholesale without stopping for a moment to critically evaluate it.
I think I'm a bit sour, because this whole crypto-crap infested the idea space of decentralisation, which is imho very important step that we should try to take take as a society. Now it's just forever tainted with bitcoin and all the greed fuelled people there, while the decentralisation should be quite the opposite in nature.
You know what would be revolutionary? Getting rid of currency altogether.