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by solosoyokaze 1927 days ago
This is true, because the vitriol was there prior to anyone complaining about Bitcoin's power usage (i.e. when it was too small to matter).

I remember when I first heard of Bitcoin. I quite frankly found it technically intimidating. It was a totally new concept. I didn't get it. I took my own discomfort as a sort of signal that it was really important; something totally new. So I studied it. I had to put time and effort to read the books, play with the code... Eventually I got it and found it to be one of the most elegant pieces of technology and sociology of my lifetime.

I think a lot of geeks never made that first push past the intimidation. As the value has gone up, the sour grapes have as well. This is a group of people that should have been first on the wagon, but instead many of us found out the hard way we weren't on the cutting edge as much as we liked to think. Myself included, I have some Bitcoin but I'm not a BTC millionaire, like I would have been had I pushed harder through my intimidation faster.

2 comments

If you do the same kinda research about FBA you will "get it" too and you will know that PoW is useless. You probably wont make money form that but still I hope you dig into it. I myself saw "the beauty" in bitcoin once and later saw it in FBA again. After all it solves the same problem just in a very different way.
> You probably wont make money form that but still I hope you dig into it

There is something to say for incentives. The positive incentive loop is what drives adoption, innovation, security etc.

There are FBA coins out there so people who want can trow money at something an maybe make profit if they gain value. But its not new so who knows how early people who join now really are. Can't compare it with buying bitcoin at a few bucks that's for sure.
The problem is that there could easily be flaws in Bitcoin that have been there all along. We’ll know the answer to this if it eventually fails.

I too wish I’d made more effort to buy it earlier. Presumably that sentiment applies to the majority of humans on earth, whether you are now a Bitcoin millionaire or not.