6 ms·

I'm pretty sure it's just a run of the mill MLM going through it's last stages. You have to be a certain kind of stupid to think Bitcoin could possibly work.

crimsonalucard 11y ago
>You have to be a certain kind of stupid to think Bitcoin could possibly work. We live in a society where everyone is stupid. People in our society will essentially give you things for free in exchange for green paper. It all works out because everybody is an idiot. You may have been ripped off for your services in exchange for green paper, but because you can always safely rip off some other idiot with your useless wads of green paper, everything is a-ok. The economy works because of mutual stupidity. Bitcoin is not an MLM. But to get it to work people need to work on being stupid together. When I say hey, I'm going to sell you this worthless data on my computer called Bitcoin for $50, everyone else needs to say "Yes, I buy." When everyone participates in this idiocracy then bitcoin works. Which goes full circle to your original statement. >You have to be a certain kind of stupid to think Bitcoin could possibly work.
- asdf99 11y ago
  while this is true, there was always transitional periods that you ignore. paper was once issued by a bank clerk while taking your gold or other goods. the govt started to issue them and allowed you to exchange back to gold at any time. eventually they undid all that. checks and credit cards also are tied very closely to existing monetary concepts to start off. bit coin start alone. that's why most people consider it crazy. when money was being adopted, if it failed you could still use the coin metal or exchange it to metal. if bit coin fail, though luck.
- brighton36 11y ago
  I recognize that my intent was... obtuse. But look me up. These buttcoiners are fun to toy with. I didn't mean a word I said, I mostly wanted testingonprod to look stupid. Because he is.
  - dang 11y ago
    This kind of comment is not ok on Hacker News. Please don't do this here. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html

crimsonalucard 11y ago

>You have to be a certain kind of stupid to think Bitcoin could possibly work. We live in a society where everyone is stupid. People in our society will essentially give you things for free in exchange for green paper. It all works out because everybody is an idiot. You may have been ripped off for your services in exchange for green paper, but because you can always safely rip off some other idiot with your useless wads of green paper, everything is a-ok. The economy works because of mutual stupidity. Bitcoin is not an MLM. But to get it to work people need to work on being stupid together. When I say hey, I'm going to sell you this worthless data on my computer called Bitcoin for $50, everyone else needs to say "Yes, I buy." When everyone participates in this idiocracy then bitcoin works. Which goes full circle to your original statement. >You have to be a certain kind of stupid to think Bitcoin could possibly work.

asdf99 11y ago
while this is true, there was always transitional periods that you ignore. paper was once issued by a bank clerk while taking your gold or other goods. the govt started to issue them and allowed you to exchange back to gold at any time. eventually they undid all that. checks and credit cards also are tied very closely to existing monetary concepts to start off. bit coin start alone. that's why most people consider it crazy. when money was being adopted, if it failed you could still use the coin metal or exchange it to metal. if bit coin fail, though luck.
brighton36 11y ago
I recognize that my intent was... obtuse. But look me up. These buttcoiners are fun to toy with. I didn't mean a word I said, I mostly wanted testingonprod to look stupid. Because he is.
- dang 11y ago
  This kind of comment is not ok on Hacker News. Please don't do this here. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html