From an earlier thread: [Bitcoiners…] may be arrogant sounding, but it’s not stupid. It is in the financial interest of Bitcoin holders to talk up Bitcoin and

From an earlier thread: [Bitcoiners…] may be arrogant sounding, but it’s not stupid. It is in the financial interest of Bitcoin holders to talk up Bitcoin and defend it to the death. The senior management of regular banks in many countries are often required by law to deny that the bank is in jeopardy right up until the moment they close the doors, as a way to prevent bank runs. Because crypto is distributed, every holder is a bank manager, and must deny or minimize problems with the currency in order to maintain sentiment and prevent runs. This for me is one of the biggest problems with Bitcoin - it incentivizes the holders to become engines of disinformation. https://news.ycombinator.com/item?id=27209038 https://news.ycombinator.com/item?id=27209038