[ardy42]

> Agreed. Surprised there are so many Bitcoin lovers on HN and in the startup scene, which is supposed to consist of smarter-than-average people. Bitcoin is basically shitty gold, because unlike gold, it has no intrinsic value and can go to zero, it's all based on fragile sentiment.

Being "smart" often doesn't translate into making good decisions or having good judgment. Sometimes intelligence only amounts to better capabilities at rationalizing whatever harebrained thing you already wanted to do, instead of giving up on it.

I think Bitcoin hits a bunch of special-interest buttons in some people that make it very difficult to put aside, for instance: truly innovative technology, startup thinking/wanting to be in on the "ground floor" of a big success, sci-fi made real, libertarianism, etc.