My negativity toward bitcoin is that it’s used by con-men to scam naive techies out of their money. These kinds of financial operations never end well, and when

My negativity toward bitcoin is that it’s used by con-men to scam naive techies out of their money. These kinds of financial operations never end well, and when they do, people will lose their life savings, their retirement, and many will respond by taking their own lives. And people won’t be able to get out in time. When the price begins dropping in earnest, liquidity will dry up completely. All of this has happened before, and will happen again. This is the most predictable thing in history, including the fact that Cassandras will be ignored. And that makes me bitter.