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I frequent several Korean websites (that used to have nothing to do with cryptocurrencies) and the number of bitcoin-related posts in the past few days has reac
by yongjik 9y ago
I frequent several Korean websites (that used to have nothing to do with cryptocurrencies) and the number of bitcoin-related posts in the past few days has reached an insane level.
Half of them are saying it's a bubble. The other half say they're getting rich. Nobody's talking about blockchains, fiat currency, built-in deflation, monetary policies of nations, or any of that stuff, because nobody's interested in these topics. To these people, it's a get-rich-quick scheme, pure and simple. The only difference in viewpoint is whether they're in the scheme or not.
I don't know how far it will go, but a new economic order it is not. The players themselves (who are pumping up the price) don't give a damn about economic orders.
- niyikiza 9y agoI live in Korea (and run a small cryptocurrency related service) and I couldn't agree with you more. Koreans are looking at BTC as a pure get rich quick scheme. Even those chasing out altcoins, they are not hooked by, you know, PoS or more privacy or any other features that the coins evangelists are talking about. They are just looking for "the next Bitcoin" haha. Even when you try to go to these "Blockchain meetups": most of them are discussing nothing but the latest price of bitcoin.