I'm now officially joining patio11 on the "bitcoin - wtf!" Side of the fence.
Someone is pre-selling a cryptocurrency in bitcoins at 2000 of our coins to 1 bitcoin. Stop! No-one same is converting hard cash to bitcoin in order to speculate on this. Their kick starter round is not x million in bitcoin it's "oh look I have some bitcoin that massively appreciated in value, but is painful to sell. How do I take my free money and grow it?"
It's another bitcoin like tulip mania. No matter how nice an idea a cryptocurrency is, it's not worth millions at pre-launch.
Caveat: I may be made to look a fool by the irrationality of crowds
Someone is pre-selling a cryptocurrency in bitcoins at 2000 of our coins to 1 bitcoin. Stop! No-one same is converting hard cash to bitcoin in order to speculate on this. Their kick starter round is not x million in bitcoin it's "oh look I have some bitcoin that massively appreciated in value, but is painful to sell. How do I take my free money and grow it?"
It's another bitcoin like tulip mania. No matter how nice an idea a cryptocurrency is, it's not worth millions at pre-launch.
Caveat: I may be made to look a fool by the irrationality of crowds