Quote from: True Myth on January 26, 2018, 12:08:46 AM

Quote from: explorer on January 25, 2018, 11:30:26 PM

Quote from: Torque on January 25, 2018, 11:23:33 PM

Quote from: conspirosphere.tk on January 25, 2018, 09:32:54 PM

Quote from: Dabs on January 25, 2018, 08:57:03 PM

In the end, it's all a gamble, I just like the odds better on some of them that few people see for now (then everyone else will see it and have their "Napster" moment, that one dies and gets "torrented", but the world changes anyway.)

Mostly is that latecomers feel that btc can hardly make another 10X+ from current levels, so they end buying lottery tickets priced $1 or less to have their chance for a 100-bagger, without even looking at the monetary base or any other technical spec of their tickets.

I feel like this is the *real* reason. The delusion these people feel is trying to justify the "reasons" why they are doing it, but they can't ignore the underlying reality.

Also, will it surprise them when Bitcoin does indeed do another 10X or 100X? It will, the only factor is how long it will take. Bitcoin is held by < 0.01% of the world population. Not every millionaire in the U.S. has any bitcoin. Wall Street hasn't even begun to up-leverage Bitcoin, because they don't have a way to do it effectively yet.

Projecting one's own motives and beliefs/understanding onto the great unwashed is I think the most common delusion among (otherwise?) intelligent people. In this echo chamber, BTC is best because technical analytical blah blah, where clearly the world at large cares not at all. It is the $$ and adoption of these uninformed and unintelligent masses that is required to make 'progress'. Catering to them may be a sell out, but it is undeniably effective.

This. Some days I sit in disbelief at the ignorance of what can be refered to as "the masses". The intelligent to stupid ratio seems tipped in an unfavorable direction.

It often seems as if everything in day to day living is based on the simple task of manipulation. I say "simple" because it often seems way too easy to sway the opinion of "the average person" or make them think they need something that may be completely worthless.

Ty Warner built a net worth of $2.5 billion by selling animals stuffed with fucking beads. Hell... the guy who sold Snuggies even made a cool $200 million. No one needs a beanie baby or a snuggie but, they were manipulated into believing there was a need for them.

Crypto is overrun with everyone and thier cousin making alt coins and promoting them. Shit... the other day I saw a coin called "DeezNuts" https://deeznuts.in. I wonder often if as we approach mass adoption that marketing and advertising will push an undeserving coin with poor tech ahead of Bitcoin as "the masses" gobble it up. Sure the tech behind it might be shit but, that's ~~not always~~ never, or rarely the most important thing to "the masses".

Or maybe I'm just paranoid.

For your consideration:

Think on how stupid the average person is. Now grok the fact that fully half of the population is dumber than that. It is somewhat scary. Just because you are paranoid, doesn't mean they are not out to get you.