Philosophical Grounding....?

......What a load of old bollocks.

Bitcoin is driven by avarice and I suspect a creeping sense of power and control felt by those who make these markets. For this reason and this reason alone, the nominal valuation of Bitcoin has shot through the roof (limited supply), yet its' actual real world applications remain very limited, and perhaps an argument can be made that Bitcoin's overvaluation is now inhibiting it's uptake in the wider economy, despite the best attempts of certain whale entities to hold Bitcoin in a certain price range. Everyone with a bit of sense knows this, and who is going to place any of their eggs on a battered beaten up wagon that is being held together against all the laws of physics by the will of the wagon driver(s) to not allow it to break? The very same wagon drivers who were perhaps responsible for ripping the arse out of the whole thing to begin with?

Bitcoin might be the first of a kind, the harbinger of a technological era credit transfer process, but when we get down to its bare bones, its just the same old market cornering shite that has always went hand in hand with finance throughout history and right now there is a lot of shaking down to be done and nobody will be shaking down any of my pennies, pounds, or dollars.

Sorry, but anyone who wants to profess a 'philosophical grounding' in Bitcoin right now is a bit of a clown as far as I am concerned..unless of course they took their stake in the game nice and early, in which case they can afford such mental self-indulgences.