quote:
"Oh, look! The government just destroyed most of our wealth we had in bitcoin so let's go put what we have left in another play-like, funny money The government won't dare do it again!"

Yes. I am the worthless academic economist. But at least I have something to gauge my opinions on instead of I have some amount of this and I can read, so I'm the expert.

Is it just me or is this a "win at all costs" mentality with this group of people? If Bitcoin succeeds who cares. I will do my trades in Bitcoin. I don't give no fricks.

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Posted by LSURussian

Member since Feb 2005

127112 posts

Posted on 1/9/14 at 12:24 pm to Broke

quote:
Is it just me or is this a "win at all costs" mentality with this group of people?

Yes. About 8 or 9 months ago when I first got really interested in the concept I spent some time reading the bitcoin message boards. 99% of the posters on those boards are just like wiki....."the government is out to get us, we must destroy the government, central banks are the devil and anyone who disagrees is stupid. We are the world's only visionaries."

One message I chuckled at for a while said something like, "I don't care if I lose all the money I have in bitcoin. I do it just because I know it pisses Ben Bernanke off."

Bitcoin is definitely a cult. It's a religion. That's why I wrote back then after I saw the fanaticism of the BTC true believers that bitcoin would be around for a while. Religions die hard.

But with this new revelation that any entity with enough resources can nuke the whole process enough to destroy confidence in it, it's only a matter of time if bitcoin truly becomes a threat to any big government.

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