| > People who call Bitcoin a 'Ponzi scheme' , type of plant or apply whatever reduction on a very complex and innovative product are just mind boggling to me. You are mind-boggled because you have created a strawman; a caricature of what the "bitcoin non-believer" looks like. Your mind would be less boggled if you accepted that there are valid points on both sides in this case. People who question bitcoin's current valuation or utility often have valid points, but if you immediately interpret their points to be as extreme as possible, of course they're mind boggling. Similarly, people who are bullish on bitcoin often have good points and sound reasoning, but it's quite easy to also paint them with a brush which makes their positions and points mind boggling as well. It's good to have some empathy and to actually listen, especially when it's about subjects that are so divisive. The most divisive things are the things that should least be divided further by constantly misrepresenting each side's points. |
Not at the one's who are raising very valid red flags on valuation and how hot the market is becoming. In my personal opinion it is absolutely 'bubble' like behavior right now.
And i believe we both echo the same sentiment.