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by petermelias 1678 days ago
I've thought about this a lot because my less technical friends are often surprised when I tell them I am not "super into" BTC.

I wonder if it is because I am used to dealing with the fragility of digital systems (not to unfairly discount their strengths either) -- so then paper money almost feels like a relief to hold in my hand and just slap on the counter and smell that fresh legal tender.
1 comments
Jensson 1678 days ago
It is easiest to trick people by saying "other people love this!". Engineers believe in crypto currency, so HODL! Or, the kids today view NFT's as hockey cards, they gonna soar like crazy! You might not see the value in this, but others do and that will make you rich!

Basically it is a way to make people turn off their sanity checker "Oh yeah, I don't see the value, I guess I just don't understand, but I still want in on this opportunity!".

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petermelias 1678 days ago
Yeah makes sense. Basically just trigger peoples' FOMO response?
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questionto 1678 days ago
oh if we are on that kind of position then crypto is ok for anybody.. anyone can try to create value from nothing and make people believe... actually they did already ... someone created facebook make people believe that it worths billions... but if someone claims that this is a revolutionary monetary system then I'd become suspicious..
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Jensson 1678 days ago
> someone created facebook make people believe that it worths billions

Facebook make billions on ads, you don't have to make people believe when you are making wads of cash. And even when Facebook was new the business model was proven to be valuable by Myspace and the many other similar sites making lots of money on ads.

So your post here just strengthens my argument, the fact that you don't see the difference between the two just proves that you have turned off your own sanity checker.

Edit: What we are seeing now is similar to the investment craze in IT before the dotcom bubble. No sanity there, people just invested without thinking. I'll believe in crypto when people starts to think before investing in it.

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questionto 1677 days ago
I think you didn't get the point .. making crypto the default banking system is paradigm shift and efficient paradigmal application. I gave the facebook example because the economic approach which offers that supply and demand is right tools to decide whats good for humanity is simply not accurate.
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