Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Spaceman_Spiff
on 10/04/2016, 15:27:03 UTC
Saw this link on /r/bitcoin, interesting stuff.

http://meaningness.com/metablog/geeks-mops-sociopaths

Completely irrelevent for Bitcoin though, since the entire purpose of a currency is to become a monopoly, a consensus mechanism for exchange.  The less of a monopoly it has, the less useful it is.  Your link argues popularity weakens the idea, so the article is inverse to how Bitcoin actually works.  Don't try and conflate grunge music and economics.  People like money to be as boring and predictable as possible, not "cool".  Just like when you open your refrigerator, you don't want to have to guess what's edible or not.  That's definitely not cool.

I agree, but it definitely has some relevance to the 'hipster' vibe surrounding 'blockchain technology' in finance (in as much as they can be hipster) and the same in fintech, VC funded start-ups surrounding bitcoin.
Yeah, the fact that bitcoin is an economic thing with utility and economic incentives attached make this a different beast than the coolness of a subculture, but it is funny to see that a lot of the social dynamics are similar.