Quote from: cryptoanarchist on April 11, 2017, 10:58:17 PM

Hey, not every geek! I got into Bitcoin in 2011 because I understood the economic principles. I still don't understand the specifics of the code, but understood from the outset why bitcoin would succeed against crap like say, the LETS system. Mostly due to the fact that I had been trying to establish private value backed currency for 4 years prior.

The problem is that as soon as Silk Road got popular and drew attention from the powers that be, a lot of money was pumped into hiring kids out of college that had tech skills but zero understanding of how banks are a scam and that how bitcoin was designed as a system to bring banks down to rubble. Mostly they had a couple decades of state-sponsored brainwashing and couldn't understand how money could exist outside the state and went to work trying to make it succeed at exactly opposite of what it was built to do.

I suspect a lot of these new coders are even from privileged families and are completely aware of the nonsense they are promoting. Some kid with blue hair goes straight from college to heading a 75 million dollar company? I call bullshit. Who are this kid's parents?

Are you claiming to have ever read a book on economics, because your post here seems to show you have zero understanding economics, macro economics, central banking, or the existing banking system works?