3 ms·

I think it is schadenfreude from a bunch of "smart tech" people who missed out on the early days.

deleted 4y ago
[deleted]
rocket_surgeron 4y ago
I am a "smart tech" person who actually used bitcoin to purchase goods and services before realizing it was a scam that I don't want to be a part of. I had sat on a wallet for years, having opened one to get 5 BTC from Andresen's faucet in 2010. A couple faucets later I had a few more. That's right! They straight up used to give away multiple entire bitcoins just for loading a website. Eventually a "real" retailer started taking BTC so I spent approximately 1 of them on a new power supply for my PC. The last purchase I made using Bitcoin was a power supply from Tiger Direct: https://i.imgur.com/8tW7bmN.png https://i.imgur.com/8tW7bmN.png I had bitcoin to spend and Tiger Direct was the first "major" retailer to take it. As soon as that slashdot post appeared in January 2014 I moseyed on over to check it out and made a purchase, probably the same day the payment method was implemented. Almost immediately after this the first cycle of widely-publicized scams/grifts/schemes started. And then the cycle never stopped. The market became flooded with cryptobros and instead of being used for basically nothing it became a vehicle for fraud. Rather than being a cryptographic curiosity it became a distasteful embarrassment so I did a cost-benefit analysis found that it wasn't for me. I still have several BTC. I do not care. 1BTC could equal a quadrillion dollars and wouldn't care. I don't want a quadrillion dollars, I want my rose bushes to look magnificent this year. Besides, I'm a "smart tech" person so I make enough money and have no desire to live the greasy crypto lifestyle. Where did the $24,000 in value per BTC difference between when I last touched my wallet and today come from? It came from schmucks pouring money into a system that, eventually, will run out of schmucks. My moral compass is such that I would rather die penniless underneath a bridge after having spent a decade in squalor collecting cans and shitting in bushes than participate in a market like crypto.
- dpbriggs 4y ago
  I respect the principles but with all due respect I thibk you could do a lot of good by selling them and giving the money to charity. Most of the people buying crypto are speculators, let them fund charity.
- andirk 4y ago
  Keep in mind you are selling the bitcoin to someone who wants that bitcoin

deleted 4y ago

[deleted]

I am a "smart tech" person who actually used bitcoin to purchase goods and services before realizing it was a scam that I don't want to be a part of. I had sat on a wallet for years, having opened one to get 5 BTC from Andresen's faucet in 2010. A couple faucets later I had a few more. That's right! They straight up used to give away multiple entire bitcoins just for loading a website. Eventually a "real" retailer started taking BTC so I spent approximately 1 of them on a new power supply for my PC. The last purchase I made using Bitcoin was a power supply from Tiger Direct: https://i.imgur.com/8tW7bmN.png https://i.imgur.com/8tW7bmN.png I had bitcoin to spend and Tiger Direct was the first "major" retailer to take it. As soon as that slashdot post appeared in January 2014 I moseyed on over to check it out and made a purchase, probably the same day the payment method was implemented. Almost immediately after this the first cycle of widely-publicized scams/grifts/schemes started. And then the cycle never stopped. The market became flooded with cryptobros and instead of being used for basically nothing it became a vehicle for fraud. Rather than being a cryptographic curiosity it became a distasteful embarrassment so I did a cost-benefit analysis found that it wasn't for me. I still have several BTC. I do not care. 1BTC could equal a quadrillion dollars and wouldn't care. I don't want a quadrillion dollars, I want my rose bushes to look magnificent this year. Besides, I'm a "smart tech" person so I make enough money and have no desire to live the greasy crypto lifestyle. Where did the $24,000 in value per BTC difference between when I last touched my wallet and today come from? It came from schmucks pouring money into a system that, eventually, will run out of schmucks. My moral compass is such that I would rather die penniless underneath a bridge after having spent a decade in squalor collecting cans and shitting in bushes than participate in a market like crypto.

dpbriggs 4y ago
I respect the principles but with all due respect I thibk you could do a lot of good by selling them and giving the money to charity. Most of the people buying crypto are speculators, let them fund charity.
andirk 4y ago
Keep in mind you are selling the bitcoin to someone who wants that bitcoin