There are probably a billion bitcoiners (direct or indirect owners) and you basically state that you're smarter than all of them.
Just wow.
Just wow.
I get you can do something stupid in a rush but the longer you have time to reconsider, the higher the likelihood that you "didn't just fall for a dumb idea". Bitcoin is 15 years old.
> Also, the average person is smarter than about 4 billion people.
Bitcoiners are drawn from a normal distribution and not from the bottom part of the distribution, so that argument doesn't really work here.
I think it's objective truth to note that "Bitcoiners" are predominantly comprised of:
a) people conducting illegal affairs (don't read this as "illegal" in the sense of jaywalking)
b) technically illiterate people, down on their luck and hoping to get rich quickly
With those in mind, I would argue that "Bitcoiners" are instead drawn from the left side of most distributions.
Anyway, no matter how large the unity of dumbs is or how passionate they are about their goal, it won't make them smarter. What they can achieve, though, is making other people dumber than they are, so that they can appear relatively "smarter".
cryptocurrencies are a failure and net negative, and the longer we hold on to believing they aren't, the more damage we are doing
But we keep doing them because enough people can get money out of it
Do you object to that?
Does that mean they're smarter? I don't think so. It's a bet they're willing to take and time will tell who was right.