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I dismiss bitcoin because its proponents push weird sociological theories (yuppies just can't understand its brilliance because they're too dependent on the fia
by scarmig 6y ago
I dismiss bitcoin because its proponents push weird sociological theories (yuppies just can't understand its brilliance because they're too dependent on the fiat system!) or weirder metaphysical arguments (bitcoin is a battery!) to justify its valuation and expectations of future valuation.
Equities are also in a wild speculative bubble, but at least everyone I know who's invested in them know it and are paranoid about when the crash is coming.