Interesting, this sounds like the Old West. Look at it now.
I think these hardships are the exact indicators of a dynamic new frontier. Apply caution, yes, but ignoring it might not be a good strategy either.
I think these hardships are the exact indicators of a dynamic new frontier. Apply caution, yes, but ignoring it might not be a good strategy either.
> I for one, take this perceived negative bias as a confirmation that Bitcoin is a genuine threat to the existing financial system.
I think you are taking things the wrong way. I, too, dislike our current financial system and want it to radically change. And I, too, hope that cryptocurrency can play a part in that. Your assumption that others feel "threatened" by cryptocurrency just because they point out the negatives isn't a good one. They are just being reasonable and fair.
> Am I just a dumb ass?
No, but be careful of becoming a shill for crypto. Don't slide down the slippery slope of ignoring things that are bad -- or claiming that they aren't -- just because crypto may align with some of your values and beliefs. I'm not saying you are. But the wording of your original post leaves one to wonder whether you value your vision of a utopian financial system above the very real tragedies occurring every day in crypto. You can both love crypto and hate those tragedies.
Especially considering Bitcoin is built with the property of scarcity to mimic gold. :-)