Oddbean new post about login | logout I had dinner yesterday with a group of neighbours.. and in front of me there is one that I've never met before who happened to have been into bitcoin since early 2011... but despite that he was not interested in Bitcoin at all.. only telling me that bitcoin can be killed by a government, by quantum computing, and that yes the blockchain was interesting but the monetary properties irrelevant. long debate over dinner...
was he holding?
No, he was not. Only classic investments now
Sometimes the cognitive dissonance of losing out on the opportunity of a lifetime is enough to get us to latch onto any and every excuse as to why it was still the right decision. Logic will not be what gets him to realize his mistake, because he needs 1/100th as good of an excuse not to believe it, in order to hold onto his own view of who he is. Sucks, but that guy will probably be one of the very last to accept it... or he may literally die an old man angry at how the new generations are all using that stupid digital money about to be killed by quantum computing.
I am sure there are people out there to whom that really does apply. But SO often the stories have obvious flaws & the people telling them are clearly just full of shit.
This also
If this were true, the government wouldn't hide it's deep dark secrets with SHA-256 out of fear that adversaries (and their spies) could crack it.
Sounds like Bitcoin Derangement Syndrome cope to me
I'd have just said HFSP and start drinking beer.
I did some work for a guy who was buying in 2012. He sold for the same reason. He thought the gov would shut it down. He whould be worth probably 25 million today. Instead, he owns a bunch of cro