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Bitcoin is for the paranoid and conspiracy theorists. The argument crypto currency supporters have is always Venezuela or the European banking crisis (hilariou

Bitcoin is for the paranoid and conspiracy theorists. The argument crypto currency supporters have is always Venezuela or the European banking crisis (hilarious because citizens didn't actually lose any money). If our banking system DOES collapse your crypto wallet won't save you.

JumpCrisscross 8y ago
> Bitcoin is for the paranoid and conspiracy theorists I would wager a small fraction of technically-literate paranoids and conspiracy theorists own Bitcoin. More plausible: people with some other tendency buy and then, when asked for an explanation, rationalise with conspiracy theory-like reasoning. (My guess for the tendency: gambling affinity.)
swfsql 8y ago
Venezuela citizens didn't lose any money? are you serious? So you must be happy, since most Venezuelans may be millionaires now! (but let's just forget about the fact that 1M+ from their currency is valued as less than a dollar; and that this value loss have destroyed their lives)
- phobosdeimos 8y ago
  Venezuela is irrelevant to the situation in most of the world, its an outlier. Thats why it is a stupid argument for bitcoin. It would be like preparing for volcanoes in Denmark. Besides they are using USD and foreign banks in Venezuela not crypto currency. The rich in Venezuela haven't lost a cent I am willing to bet. And last but not least: bitcoin doesn't solve a single systemic problem Venezuela has. Its a corrupt failed state that could have been a South American Norway. Technology won't save it.
  - swfsql 8y ago
    >Venezuela is irrelevant (..) so are your thoughts about Bitcoin from their (those whose lives were saved because of cryptos) point of view, obviously. >Besides they are using USD A few may. But in such violent place, saving cryptos is cheaper than saving in any (physical) cash. Easier to trade as well, since banking is not THAT accessible and illegal USD trading have its safety's costs. >bitcoin doesn't solve a single systemic problem Venezuela has. all fiat is a systemic problem. According to Austrian School of Economics. Don't get me wrong, I'm not appealing to authority or anything. This is not meant for you. Someone might read our comments, care to actually know what's going on and look further into it.

JumpCrisscross 8y ago

> Bitcoin is for the paranoid and conspiracy theorists I would wager a small fraction of technically-literate paranoids and conspiracy theorists own Bitcoin. More plausible: people with some other tendency buy and then, when asked for an explanation, rationalise with conspiracy theory-like reasoning. (My guess for the tendency: gambling affinity.)

swfsql 8y ago

Venezuela citizens didn't lose any money? are you serious? So you must be happy, since most Venezuelans may be millionaires now! (but let's just forget about the fact that 1M+ from their currency is valued as less than a dollar; and that this value loss have destroyed their lives)

phobosdeimos 8y ago
Venezuela is irrelevant to the situation in most of the world, its an outlier. Thats why it is a stupid argument for bitcoin. It would be like preparing for volcanoes in Denmark. Besides they are using USD and foreign banks in Venezuela not crypto currency. The rich in Venezuela haven't lost a cent I am willing to bet. And last but not least: bitcoin doesn't solve a single systemic problem Venezuela has. Its a corrupt failed state that could have been a South American Norway. Technology won't save it.
- swfsql 8y ago
  >Venezuela is irrelevant (..) so are your thoughts about Bitcoin from their (those whose lives were saved because of cryptos) point of view, obviously. >Besides they are using USD A few may. But in such violent place, saving cryptos is cheaper than saving in any (physical) cash. Easier to trade as well, since banking is not THAT accessible and illegal USD trading have its safety's costs. >bitcoin doesn't solve a single systemic problem Venezuela has. all fiat is a systemic problem. According to Austrian School of Economics. Don't get me wrong, I'm not appealing to authority or anything. This is not meant for you. Someone might read our comments, care to actually know what's going on and look further into it.