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> They don't see the huge silent majority of tech people who know it's a scam. That's on us Serious question: What does "not silence" looks like? Anyone who a
by morelisp 5y ago
> They don't see the huge silent majority of tech people who know it's a scam. That's on us
Serious question: What does "not silence" looks like?
Anyone who asks me gets my viewpoint on cryptocurrency and blockchains generally (which is more or less the same as Maciej's). My relatives all know it, but they also know another relative (who also thinks it is a scam!) made a couple K back in the first bubble because he was just playing around with the software. My coworkers all know it. Repeating it only causes strife, not education. People don't want to hear they've made bad financial decisions no matter the time, place, or tone. They instantly get defensive. I mentioned it in passing to a new hire in their trial period recently and got a really nervous look like "is this guy going to not give me a permanent contract because I liked bitcoin?"
There's no forum in our society for us to say "this is a scam" that isn't run by people with millions or billions of dollars invested in that scam - unless you're famous enough to get on cable news as a minor tech entrepreneur - and no social maneuvering that makes it effective on a personal level.
- chrisco255 5y agoHow sustainable do you think this is: https://fred.stlouisfed.org/series/M1SL https://fred.stlouisfed.org/series/M1SL That's a chart showing the M1 money supply increase by the Fed. It has more than quintupled in the past two years. That chart looks like a true scam to me. And it shows in the US household net worth data: https://mobile.twitter.com/RaoulGMI/status/1398733901913264133 https://mobile.twitter.com/RaoulGMI/status/13987339019132641...
- morelisp 5y agoSee! Look! This is exactly my point! Nobody is ever going to convince the guy who sealioned into a random subthread with some random charts to make an unclear point. Nothing a human can say will stop this army of even-more-nerdy Ross Perots. The only thing that speaking up ever does is generate more noise, which frustratingly then generates more interest. This probably even applies to Pinboard's appearances - anything, pro or con, to keep cryptocurrency on the air.