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> If Bitcoin diverts surplus money from real estate for a while, and fellow software developers/cypherpunks sell it one day before the bubble bursts, therefore
by javert 6y ago
> If Bitcoin diverts surplus money from real estate for a while, and fellow software developers/cypherpunks sell it one day before the bubble bursts, therefore taking money from boomers and FOMOs, I am happy enough.
Interesting admission.
Wanting to see some group suffer seems to be the motivation for a decent amount of the bitcoin hate on HN.
Guess you simply hate some other groups more than you hate bitcoiners.
- epx 6y ago'Hate' is a strong word. Fact is, there are people out there with lots of money that needs to be 'parked' somewhere. Enough has been said about real estate boom caused by empty houses being bought by Chinese while the locals can't make rent. If Bitcoin absorbs this kind of surplus money, it is kind of positive. But all bubbles eventually burst.
- javert 6y agoInvestment money pours into real estate because the financial system is broken. Hopefully bitcoin will help fix that.