5 ms·

I want Bitcoin to fail, because to me it's a scam designed to enrich the few who got in early. I understand that this is an important problem, but this is just

I want Bitcoin to fail, because to me it's a scam designed to enrich the few who got in early. I understand that this is an important problem, but this is just a very long con. I also will enjoy it when the investors who funded duds like Lucas Duplan (Clinkle) lose their entire investment and some degree of reputation. I'm a regular reader of Valleywag and whenever some poser gets humiliated, I'm glad to see it. You know what this is not? It's not schadenfreude and I wish people wouldn't use that word. I don't want these people (HN libertarians, top VCs, Silicon Valley scenesters and idiots) to suffer. I just don't care if they suffer. And, so it is that most of the best things for society right now hurt the people at the top of that world.

sneak 13y ago
I don't think you know what scam means.
gress 13y ago
I agree with the vast majority of your comments - especially about the state of the industry. I'm also not a libertarian and I'm fairly neutral about whether I think it would be good if bitcoin achieves some massive scale. However all enterprises are designed to enrich those who got in early. If you have an alternative model, please suggest it, otherwise this sounds like a bitter and empty criticism.
aestra 13y ago
Business A has an idea but needs people to invest in it to take off. Group B takes a risk and invests in Business A. Business A succeeds and Group B is now enriched. Replace Business A with Bitcoin. >I wish people wouldn't use that word. Why? There is no English equivalent and it represents a concept that is a well known phenomenon which has been subjected to scientific studies.
- michaelochurch 13y ago
  Why? There is no English equivalent and it represents a concept that is a well known phenomenon which has been subjected to scientific studies. I wish they wouldn't use it when it doesn't apply. It's a perfectly fine word.
- lutusp 13y ago
  > Why? There is no English equivalent and it represents a concept that is a well known phenomenon which has been subjected to scientific studies. Psychological studies of the kind you're referring to aren't scientific. To be valid science, a study must test a theory, an explanation, but the class of studies to which you refer only describe. Sort of like saying, "The night sky is filled with little points of light," and calling it astronomy.
  - aestra 13y ago
    >Psychological studies of the kind you're referring to aren't scientific. To be valid science, a study must test a theory, an explanation What the hell are you talking about? http://deepblue.lib.umich.edu/handle/2027.42/69046 http://deepblue.lib.umich.edu/handle/2027.42/69046 Abstract: To test the hypothesis that Schadenfreude, pleasure at the suffering of others, will result when an envied person experiences a misfortune http://psp.sagepub.com/content/28/7/953.short http://psp.sagepub.com/content/28/7/953.short This study tested the hypothesis that schadenfreude (or pleasure in another's misfortune) would be more closely related to resentment and a wish to correct a perceived injustice than to envy, and that sympathy would involve different processes. http://psycnet.apa.org/psycinfo/2005-11932-007 http://psycnet.apa.org/psycinfo/2005-11932-007 The present study tested the hypothesis that Schadenfreude, pleasure at another's misfortune, results when a misfortune is perceived as deserved. http://scholar.google.com/scholar?hl=en&q=Schadenfreude http://scholar.google.com/scholar?hl=en&q=Schadenfreude

sneak 13y ago

I don't think you know what scam means.

gress 13y ago

I agree with the vast majority of your comments - especially about the state of the industry. I'm also not a libertarian and I'm fairly neutral about whether I think it would be good if bitcoin achieves some massive scale. However all enterprises are designed to enrich those who got in early. If you have an alternative model, please suggest it, otherwise this sounds like a bitter and empty criticism.

aestra 13y ago

Business A has an idea but needs people to invest in it to take off. Group B takes a risk and invests in Business A. Business A succeeds and Group B is now enriched. Replace Business A with Bitcoin. >I wish people wouldn't use that word. Why? There is no English equivalent and it represents a concept that is a well known phenomenon which has been subjected to scientific studies.

michaelochurch 13y ago
Why? There is no English equivalent and it represents a concept that is a well known phenomenon which has been subjected to scientific studies. I wish they wouldn't use it when it doesn't apply. It's a perfectly fine word.
lutusp 13y ago
> Why? There is no English equivalent and it represents a concept that is a well known phenomenon which has been subjected to scientific studies. Psychological studies of the kind you're referring to aren't scientific. To be valid science, a study must test a theory, an explanation, but the class of studies to which you refer only describe. Sort of like saying, "The night sky is filled with little points of light," and calling it astronomy.
- aestra 13y ago
  >Psychological studies of the kind you're referring to aren't scientific. To be valid science, a study must test a theory, an explanation What the hell are you talking about? http://deepblue.lib.umich.edu/handle/2027.42/69046 http://deepblue.lib.umich.edu/handle/2027.42/69046 Abstract: To test the hypothesis that Schadenfreude, pleasure at the suffering of others, will result when an envied person experiences a misfortune http://psp.sagepub.com/content/28/7/953.short http://psp.sagepub.com/content/28/7/953.short This study tested the hypothesis that schadenfreude (or pleasure in another's misfortune) would be more closely related to resentment and a wish to correct a perceived injustice than to envy, and that sympathy would involve different processes. http://psycnet.apa.org/psycinfo/2005-11932-007 http://psycnet.apa.org/psycinfo/2005-11932-007 The present study tested the hypothesis that Schadenfreude, pleasure at another's misfortune, results when a misfortune is perceived as deserved. http://scholar.google.com/scholar?hl=en&q=Schadenfreude http://scholar.google.com/scholar?hl=en&q=Schadenfreude