Post
Topic
Board Bitcoin Discussion
Re: Today, the Austrian National Bank held a lecture on Bitcoin - well..
by
Lauda
on 26/04/2014, 12:06:34 UTC
On your view - yes. But I think the average joe that just heard about Bitcoin in the media has a negative feeling when he hears the word Bitcoin, especially because of the MtGox incident and the very negative media coverage on this topic.
The problem is bigger than Bitcoin. The Average Joe is ignorant, and dumb. Quite a big portion of our population have become sheep.
True that, class division is a vicious circle. Elitists, even or especially if they are benevolent try to protect the sheep and in effect curb innovation. One only has to look at regulatory induced entry barriers of entry in capital markets.
Now if someone were to spread really positive news the price of Bitcoin would reach insane highs. Only because the average joe listens to media, not reason.