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> many crypto investors to believe the latest bull run is different "This time it's different" isn't an argument I find compelling for why something that is known to have bubbles and manipulation isn't in a bubble.
I agree, GME was bad enough but no way I’ll touch TSLA.
I'm patiently waiting for the dismissals (it's just a fad like tulips or beanie babies), the negative permabulls (it's evil because people can use it to buy drugs / not pay taxes, it can't do as many TPS as Visa, it's bad for the environment...) while laughing all the way to the bank. Crypto is the HN equivalent of what the ipod was to Slashdot: "lame" to the people who think they are the typical user, who declare th…
But by far and large, there is no product-market fit still. And people are rational in being against it for various reason, please don't call them luddite.
Personally, I'd still support crypto in the same way I'd support FSF (though much less of a support, just for clarification!). Because I think there is something there with the idea, and I like the principles. But there is a high chance the detractors are correct in their assessment.
We're truly witnessing an extraordinary paradigm shift in human history.
How so? Bitcoin's excitement comes entirely from its value in fiat, as opposed to regular usage in daily life.
Paradigm shift isn't too strong a terminology.
Earlier quoted context omitted.
Both nocoiners and coiners are locked into their positions so hard it’s “I’ll go down with the ship” at this point. At least one side gets to be rich though!
I know. I'm retired thanks to crypto. I'm glad I eventually saw how HN was wrong and learned from my mistakes. It did cost me bit of time-opportunity, but there's a point where you have "enough" and it's not worth chasing more money anymore.
- they've missed an opportunity to get rich with minimal effort from crypto
- still have absolutely no interest in jumping in at this point?
We're truly witnessing an extraordinary paradigm shift in human history.
How so? Bitcoin's excitement comes entirely from its value in fiat, as opposed to regular usage in daily life.
How is this gonna change human history more than dudes getting rich selling some stock?