> For sure there are Lamborghinis out there bought with people's retirement money. Oh yes, but sociopaths and foolish greed are not bitcoin-specific. Bitcoin

> For sure there are Lamborghinis out there bought with people's retirement money. Oh yes, but sociopaths and foolish greed are not bitcoin-specific. Bitcoin seems to annoy people at some fundamental level that I do not understand. Perhaps because it exposes that all money is an abstraction, that it really rests on nothing except some social narrative that we all share? 2009: Bitcoin is a nerdy pipe-dream. It will never be worth anything! 2011: Ok, bitcoin is worth something, but it is only used by drug dealers on the dark web. 2017: OMG I'm going to buy bitcoin and get rich! 2019: Bitcoin is worth nothing, exactly like the tulips, told you so! 2022: ... etc etc Thinking about cryptocurrencies by following the latest wave of hype is the way to neurosis. As with anything involving money & investments, I suspect. At the moment I am writing this 1BTC ~= 5K Euros. This is only considered bad because there was am unsustainable spike when greed went viral. I suspect more events like this will come. Who cares what the trend-followers think?