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You assume the value of bitcoin is somewhat logical, the Etc 51% attack proves otherwise; in the short term holders would rather sustain the delusion.
by Stevvo 7y ago
You assume the value of bitcoin is somewhat logical, the Etc 51% attack proves otherwise; in the short term holders would rather sustain the delusion.
- fucking_tragedy 7y agoThis is an important perspective. Many BTC investors are unsophisticated retail investors, and are often "true believer" and magical thinking types. They're this decade's version of gold bugs.
- jkhdigital 7y agoTo borrow a phrase from Walter Sobchak-- 2500 years of beautiful tradition from the Lydian Stater to the American Gold Eagle, you're goddamn right I'm a f*ing gold bug!
- firethief 7y agoThe Mayan civilization lasted 3000 years
- knocte 7y agoLooking retarded doesn't make them wrong.
- perl4ever 7y agoI think gold bugs are this decade's version of gold bugs, and heavily overlap with "unsophisticated retail investors" but not necessarily bitcoin enthusiasts. I note that my emails from seekingalpha recently have ads saying "Vote <you-know-who> in 2020! Free Gold Victory Coin For Supporters - Claim Yours Now".
- esotericn 7y agoWell, it doesn't _prove_ it; it's just a data point. The Bitcoin and Ethereum ecosystems are rather different.
- helpPeople 7y agoEthereum users are different than Bitcoin users. Lots of reasons for this, but I think Ethereum users are less technical and without a better word "suckers".