Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
TPTB_need_war
on 28/05/2015, 05:27:23 UTC
In Marketing 101, the chicken-and-egg problem is an example of what to NOT do.

Bitcoin already solved the chicken-and-egg problem.  Have you been in a coma since 2011, when Bitcoin obviously started rapidly taking over the world?   Grin

Because the TPTB used their mainstream media to promote it. Not because as you asserted that eventually users learn to become ideological after the discovery and learning about the evils of fiat.

You are delusional if you assert you are where you are today without the mainstream media and the elite promoting Bitcoin (in their usual Good Cop, Bad Cop hegelian methodology where they both restrict and promote simultaneously as they do for drugs).

You are a noob and so can be forgiven/educated on what actually happened:

E-cash had a widespread ideological following since the days of William Gibson and Extropy magazine (1990s).  Unnoticed, it gestated in the cypherpunk lists...

Decades later, Bitcoin first gained mainstream exposure via the Streisand Effect, when some grandstanding banker-whore Senator (Schumer) held a press conference where his intern or grandson loaded Silk Road up on a laptop to give the press some Shock Horror jollies.

Silk Road worked splendidly as an actual Amazon for drugs, to the delight of thousands of 20-30 somethings who ignore any MSM beyond Daily Show, Gawker, and Conde Naste organs like Reddit and Wired (who mostly regurgitated FUD along the lines of 'Is Bitcoin a Ponzi Scheme for Terrorists?')

TPTB and their VC flunkies came late to the party.  As did you.  It was much cooler before all the lamers showed up...   Tongue

Did you make any point? Seems like you just affirmed what I asserted. Bitcoin was an obscure hobbiest nothing until the MSM started covering it.

P.S. I did come late. I glanced at the Bitgold essay circa 2008 or 2009 but didn't really digest it deeply, and was thinking a lot about how to make sound money decentralized in that period from 2008 to 2011. But I was too distracted to pay close attention to Bitcoin. By the time the pizza was purchased for 10,000 BTC, I had fallen into Multiple Sclerosis and other personal issues that were consuming me. I didn't come to this forum and look deeply into Bitcoin until late 2012 and early 2013 when rpietila had pinged me once or thrice. I was very preoccupied as I was in the ER and ICU with acute peptic ulcer in May 2012 (that was leaking acid into my body) and my M.S. went bezerk after the 3 weeks of massive antibiotic doses. I had severe gastronomicalgastrointestinal issues manifesting towards end of 2011. Around 2010 is when my feet started swelling up to grapefruits. There were other personal issues.

My point is had my mental focus been present, I would not likely have been late. You will end up eating that "noob" comment recycled out of your ass over and over.