Cavemen IQ folks like me, MicG, his team and like-minded BTC HODLers (and BTC accumulators), don't really give too many ratt's asses about details.
This is completely normal in pump and dump scams, Ponzi schemes, and pyramid schemes. If people like you did not exist, the afforementioned scams would never work and we would have no word to describe their existence.
Yeah, but some of us are getting rich along the way, too. Of course, if BTC were to suddenly go to zero, as you would like to hypothesize, or even bleed to zero, then many of us true BTC believers would get screwed because we would be buying all the way down.
There were plenty of people making money long on Enron and Pets.com just like Bitcoin. The main issue I have is the people who make the claim that anyone who exited and made money before any of these scams blows up is somehow "smart money". Smart money is based on fundamentals, not gambling, fraud, or being a partner to defrauding others. That would just be...fraud, not 'investing'.
You pretend I'm some type of outlier for saying
it's not even possible to create a decentralized digital currency, and that Bitcoin is a designed to centralize scam with built-in, rent seeking middlemen, and doesn't remove counterparty risk, useless compared to physical metals. Yet, this guy, who also started saying similar things long after I began saying them, seems to agree:
Also this from James A. Donald, the
first person who communicated with Satoshi on the mailing list where Bitcoin was announced:
A bad time to invest in BitcoinOctober 8th, 2017
Back in 2013 I urged people to invest in Bitcoin.
Yesterday someone asked my cleaning lady to invest in Bitcoin.
Now if someone had asked her to accept payment in Bitcoin, or send payment in Bitcoin, then this would be compelling evidence that one should invest in Bitcoin.
But when cleaning ladies are asked to invest in Bitcoin, not a good investment.
When Bitcoin began, everyone was a miner, and everyone was a peer, everyone stored the entire blockchain. Which was great, but did not scale. And now people are struggling with half assed ideas about how to get it to scale. Bitcoin can no longer deliver on its original promises, has not figured out what new promises to make, and many of the new promises are unworkable, or are scams, or are likely to turn into scams.