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I decided to go and look at the list of speakers for Bitcoin 2022, because I wasn't very impressed with the introduction: > Speakers ranged from Jordan Peterso
by Traster 5y ago
I decided to go and look at the list of speakers for Bitcoin 2022, because I wasn't very impressed with the introduction:
> Speakers ranged from Jordan Peterson, the controversial psychologist and anti-political-correctness firebrand, to NFL quarterback and anti-vaxxer Aaron Rodgers.
It's like sure, pick out the 2 nuttiest people in the list and pretend they're representative.
But I looked it up and it's actually quite funny[1], there's a weird number of celebs, but also someone built a time machine and Peter Thiel from 25 years ago appears to be attending (as far as I can tell from that picture.
But laying that aside there are a fair few VC guys and a fair few actual technology people attending. Sure, the sports personalities are pretty obviously grifters, but they're not the only ones there.
I think the grandma investing the money is the biggest insight into the bitcoin mindset. There's an attitude that people are moving to bitcoin because they view it as a way out of their poverty. They can't keep working like this. I think we have to look at why that is, and the obvious answer is because as wealth inequality has skyrocketed it has pushed the vast majority of ordinary people into a position where they can't imagine living comfortably from their earnings. Given that they can't get to the lifestyle they want through work, they start to look for other more desperate avenues and that's where bitcoin comes in. The problem is that if this is correct it means the next time the economy crashes and people need every penny to live they'll pull out of crypto and it'll fall like a stone.
[1]:https://b.tc/conference/speakers https://b.tc/conference/speakers
- SketchySeaBeast 5y agoThe problem with the grandmas is that once they've bought in who is left? Who do they sell their coin to when they are leaving? And who is left to prop the price up after them so that it continues to be an investment? Once the grandma's are in what is going to cause it to continue to appreciate?
- lupire 5y agoGrandma dies and takes her keys with her, deflating the currency and boosting the value of your stake.
- _hcuq 5y agoStill lots of people in the developing world. The grift still has legs.
- SketchySeaBeast 5y agoI can see it now, whole village grouping together to get their one coin.
- h2odragon 5y agoAvi Loeb is there talking about aliens. I think this is an advertising circus, like the "consumer Electronics Shows" or ComDex shows, etc. Anything entertaining, interesting, or weird is on the menu, as long as it gets people into the place where the focused blitz of advertising can happen to them. there's probably people doing rituals and invocations on the gathering. In today's atmosphere, and with this kinda crowd; I'm wondering about the possibility of more concrete actions, too: I wouldn't trust the kool aid or any other refreshments there.