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Originally Posted by TheSquealer
Which generalization are unfair? Obviously everyone is not the same person nor do they have the same motivations. However, everyone can have 1000 different reason (or at least claim they do) as they line up in the millions to hear an Indian guru like Sai baba (sp?) and few of those reasons are grounded in reality.
They wall remain certain he is a true gurus even after being exposed time and time again for being a fraud. This is a problem with wanting to believe something or needing to believe something.
These conversations, as with currency itself, are about faith. The stronger a persons faith , the more irrational they become. The more certain a person is in his or her beliefs, the more they behave and think irrationally .
I'm not trying to attack you. I think you are a nice guy. I just see this as a new religion that attracts those that want to believe, for all the wrong reasons. The vast majority of people snatching up bitcoins and praising bitcoins aren't doing so because they understand currencies and monetary systems. That in itself should be a pretty telling fact.
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i'm not sure i get all that but the last part, it seems to me you are clinging to thinking btc is a currency. it isn't. period. the end. it may be one day. it's goal is to be a currency, it was designed to be that, but it is currently an investment tool. most peeps are buying it and hoarding it in hopes the value will skyrocket in 20 minutes.
that is not what it was intended to be.
nevertheless, you posted this and i replied to it
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One would honk this would be the perfect example of the frailty of such a "currency" which is backed by absolutely nothing other than the wet dreams of anti social nerds, the paranoid and delusional and those clever enough to exploit them.
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it's not currently a currency and the people involved in it are far more diversified than how you generalize.
that's all.