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That is one of the more honest admissions I seen. Like I said, I've been around long enough to have seen it occur in real time - and I regularly argued with people in the early years... I almost miss the beany baby comparisons. The majority of the time the beef seemed to be ego shielding, followed by a slightly smaller group that was just frustrated about reality not aligning to their world model. But the journalists that had declared bitcoin to be dead at some point in the past - those were the most unhinged... I'm talking life ruination levels of assmad.

Clueless people didn't start showing up in appreciable numbers until much later, well after the events of the MtGox implosion. Even then they stuck mostly to the scamcoins, because "who can afford spending $125 for one coin?!"

I don't know what you're referring to with regard to centralized control lending credibility, but I will say that fungibility is a property of currency that people generally don't seem to understand - and that you may want to consider proposed "anti-fraud" methods in that light. That was what we were talking about years ago - a currency, that was the premise. It still is, there is just a more representative cross section of the general population showing up now - unsurprisingly half of them posses a below average level of intelligence.



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