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Comment by jjbiotech | Hacker News Reader

Physical currency such as gold or cash is for Criminals, Cowards, and Crazies.

Criminals, who find it useful as a mechanism for transferring and storing income from illegal activities.

Cowards, who want to hide behind physical currency to protect themselves from social and government problems that can only be solved through education and democracy.

And crazies who think that Obama is a secret atheist muslim who is fighting a secret war of confiscation and redistribution against America.

> new allegations that it was the US Feds that stole the money from Mt. GOX users

Which category do you most identify with?

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> Physical currency such as gold or cash is for Criminals, Cowards, and Crazies.

Or people that want to have dinner in Germany, or Greece or a hundred other places.

Cash has its uses, it requires no telecommunications infrastructure to function and as long as you're not buying a new car or a house can be quite handy.

That's why so many places still use it.

Brilliant retort which exposes the rhetorical fallacies in the comment: ad hominem, and, for lack of a better turn of phrase, a false trichotomy.

Haha, because currency issued by a central reserve bank with historical origins in letters of credit and promissory notes is totally just like a cryptocurrency designed for illegal activity and backed by the wasteful expenditure of millions of dollars of electricity. It's the same thing, and you're so clever for noticing.

I never said it was the same thing. My point was to illustrate that they have similarities. The amount of mental energy you use to formulate these insane mental projections must be enormous. You should try to put it to better use.

It's fine that we're having a disagreement though. I probably won't change your mind anyway and you'll just go back to purporting the status quo being fed to you by authority figures. That's probably for the best though because you don't seem to have the cognitive abilities to formulate ideas and opinions on your own.

> you'll just go back to purporting the status quo being fed to you by authority figures

Just because it seems obvious that Bitcoin is a narco-currency masquerading as a ponzi scheme, doesn't mean I am in favor of the status quo, nor to I have much respect for authority figures.

Given that VCs are piling investments into Bitcoin in the hopes of later selling to the greater fool; this makes Bitcoin a snake oil sold by authority figures trying to make a buck at the expense of the gullible.

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