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I didn't realize how much people were consciously trying to get in on a bubble. It's like people are offended that the developers are trying to create a viable

I didn't realize how much people were consciously trying to get in on a bubble. It's like people are offended that the developers are trying to create a viable currency rather than a ponzi scheme.

atmosx 13y ago
Sure, people are stupid. I thought programmers were not, but reading large part of HN's crowd statement's about BTC have changed my views on programmers - they are pretty stupid when they don't understand the dynamic of a subject (i.e. basic economics). However, the problem with inflation is that might turn the currency not interesting: Why would anyone want to buy an inflationary currency? Sure gold is inflationary now, but might not be tomorrow and sure as hell comparing any virtual currency to gold is naive. I'm sure BitCoin was marketed as a currency to outsmart the naives and has successfully done that. It was never designed to act as a currency, it was more of an asset from day 1. We just didn't really get that (from day one).
- Nursie 13y ago
  >> However, the problem with inflation is that might turn the currency not interesting: Why would anyone want to buy an inflationary currency? Why the hell should anyone want to invest in a currency anyway? It's a medium of exchange!
  - kolev 13y ago
    Cryptocurrency, duh. :) The whole thing is an amateur hour. Why would anyone invest into something that wasn't meant for investment?
  - atmosx 13y ago
    Awesome answer! Wasn't expecting that! And why would I exchange in dogecoins and not in Australian Dollars?
- 3pt14159 13y ago
  Bitcoin is spelled without capitalizing the C - it makes the comment look uninformed.
  - kolev 13y ago
    Parroting this nonsense makes you look idiotic.
  - atmosx 13y ago
    I am uninformed - But at least I know that I am :-)
kolev 13y ago
Greed beats reason any day of the week.