> The headline reads like it's only a cult, which isn't the case. Bitcoin sold itself as a cult from the very beginning so it's no surprise that all manner of

> The headline reads like it's only a cult, which isn't the case. Bitcoin sold itself as a cult from the very beginning so it's no surprise that all manner of cults have congregated around the technology. Bitcoin is an interesting example of a paranoid technology: it purports to be "trustless" and perfectly "fair" and it requires only a "faith" in math. The reality is very different but it's no surprise such a marketing pitch would appeal to the paranoid style that dominates these groups. Communities that don't value trust accumulate paranoiacs and then become prone to delusion. This is the self-defeating logic that dooms cults in the end: delusions can persist for a while, until they don't, and the real world wins. With Bitcoin I suspect the real world will win once the miners, having extracted 95% of the value from the trade, leave and turn their fleets towards more profitable ventures. This is the real bubble [1] at work, after all, and compared to this all the schemes and schemes and wacky delusions promoted by the holders is nothing. [1] https://blockchain.info/charts/hash-rate?timespan=all https://blockchain.info/charts/hash-rate?timespan=all