Hello Wo gang,
observing 99,599@Stamp.
I stumbled upon this beauty:
Hodlers: an apology
"Still right, still poor"
Alphaville wrote an apology to everyone who didn't buy Bitcoin reading the column.
Great, satisfying read!
For sure it is a short article, and I have heard some commentary about it in other locations.
Perhaps a better article would have been to say something like this:
"We never really understood bitcoin very well, and so we had continued to be critical and skeptical of it. We still don't really understand it, and we continue to be bitter, even though we do see that the number is going up, yet we seem to still NOT understand why the number is going up, but we have some lame theories about that, too. We still are sorry (and even surprised) that the number has gone up as much as it did, and some folks chose to not buy bitcoin because of our inabilities to figure out why it keeps going up beyond some of our ongoing and seemingly lame theories."
[edited out]
I think that was a non-apology.
The article begins by stating their position on Bitcoin and bitcoin. Not enthusiastic, so to say.
Then, at the end:
We’re sorry if at any moment in the past 14 years you chose based on our coverage not to buy a thing whose number has gone up. It’s nice when your number goes up. And we’re sorry if you misunderstood our crypto cynicism to be a declaration of support for tradfi, because we hate that too.
It smells like sarcasm - at the wrongest time possible, I may add.
They are going to have fun staying poor, since they are still giving lame reason for why bitcoin went up, as if Trump caused it.
They have been proclaiming to be financial experts, including thinking that they have bitcoin figured out, and sure maybe it could take a few years to get some better assessments of bitcoin, yet it appears that they have been spending more than 13 years writing about bitcoin, while failing to do any kind of meaningful due diligence on it? They have had 13 years, and they still are fighting it, and failing to actually learn about what it is.
I don't have any problems with folks being skeptical of bitcoin, yet they should at least do some homework so that they can come out with some better arguments, and maybe even buy some of it so that they might be able to better understand it... I am talking about buying bitcoin, not buying shitcoins, so I am not sure if they had been distracted by trying to look at the whole industry (crypto space) rather than figuring out bitcoin first in order that they would better understand how shitcoins fit into the space as they compare with bitcoin. Surely there are a lot of ways that smart people can go wrong when it comes to bitcoin, especially if they don't spend time learning what bitcoin is first before getting distracted into nonsensical and misleading shitcoin talking points.
Sometimes it can be difficult to know whether they are just dumb (probably not, but possible), or are they purposefully trying to mislead and talk their own bullshit ideas to support status quo financial systems that they seem to acknowledging to have its own problems, too? Have they even seriously grappled into what problems bitcoin is actually attempting to address, rather than pigeon-holing bitcoin into ONLY a get rich quick scheme (sure bitcoin's number does go up, but if they looked into the matter, they might actually come to understand that bitcoin's number goes up for actual reasons beyond merely pump and dump dynamics - even though pump and dump does happen in bitcoin too.).
We finally have a market participant who has an unlimited amount of money to play with! This cycle will be life changing for many! if it isn't already!
We still ONLY have around 1%, if not less than 1% of the world's population in bitcoin... and so there can be a bit of a dilemma in regards to how many folks are not going to be benefiting from what seems to be ongoing pumping of bitcoin in recent times. Sure, the other 99% will get in when they get in, and they won't necessarily be disadvantaged on a systematic level by the adoption of bitcoin, even though there could have had been ways that they could have had been able to more directly benefit from bitcoin adoption too.. and yeah, some folks know about bitcoin and don't buy any and others are a lot less familiar with "what is bitcoin," and there is also quite a bit of misleading information regarding what is bitcoin that normies have to figure out.