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I think if the crypocommodity game has done anything it's created a more clever and more technically proficient scammer. According to the article, many real pe

I think if the crypocommodity game has done anything it's created a more clever and more technically proficient scammer. According to the article, many real people who likely consider themselves experts in this "field" were at least initially fooled. I don't think your comparison to real money is wrong at all. Look, we can mostly all understand what real government issued money is. If people into crypto were first forced to understand what it is - the entire system would disappear in an instant. I've said it before, there are geniuses in the cryptocommodity game. But they aren't the ones trying to buy low and sell high and concerned about forks. They're the ones pumping out SEO-invested ICOs, running exchanges, selling newsletters and books (or whatever the current version of that is). War is profitable if you're the arms dealer, not the solider.

walrus01 8y ago
> According to the article, many real people who likely consider themselves experts in this "field" A lot of people who thought they were bitcoin "experts" lost all or most of their coins to MtGox.
- nyolfen 8y ago
  and a lot of so-called ‘police’ end up shot by criminals themselves
  - glenneroo 8y ago
    Do you honestly believe that's an apt analogy?
    - Karunamon 8y ago
      In that both are pithy dismissals that convey nothing of use to the conversation? Absolutely.
    - nyolfen 8y ago
      my point was that getting ripped off wouldn't preclude them from being 'experts'
- duxup 8y ago
  MtGox is such a great and terrible example how even with some level of service there to help.....it can be even more dangerous. And for all anyone know, they could have stolen it all from their own customers.
icebraining 8y ago
Look, we can mostly all understand what real government issued money is Not really, the vast majority of people have no real idea of how it works, beyond the simple cash transfer. In fact, the term "government issued money" is evidence of that - almost all money is created by commercial banks, not government. We know money in the same way that people in ancient times knew the Sun - its workings are just regular enough that we can predict its effects on our lives tomorrow, without having to actually understand nuclear fusion or radiation.

walrus01 8y ago

> According to the article, many real people who likely consider themselves experts in this "field" A lot of people who thought they were bitcoin "experts" lost all or most of their coins to MtGox.

nyolfen 8y ago
and a lot of so-called ‘police’ end up shot by criminals themselves
- glenneroo 8y ago
  Do you honestly believe that's an apt analogy?
  - Karunamon 8y ago
    In that both are pithy dismissals that convey nothing of use to the conversation? Absolutely.
  - nyolfen 8y ago
    my point was that getting ripped off wouldn't preclude them from being 'experts'
duxup 8y ago
MtGox is such a great and terrible example how even with some level of service there to help.....it can be even more dangerous. And for all anyone know, they could have stolen it all from their own customers.

icebraining 8y ago

Look, we can mostly all understand what real government issued money is Not really, the vast majority of people have no real idea of how it works, beyond the simple cash transfer. In fact, the term "government issued money" is evidence of that - almost all money is created by commercial banks, not government. We know money in the same way that people in ancient times knew the Sun - its workings are just regular enough that we can predict its effects on our lives tomorrow, without having to actually understand nuclear fusion or radiation.