The author missed the point. The Beanie Baby comparison is very appropriate. People went crazy over Beanie Babies, not because they adored Beanie Babies, but because they thought they could make a fortune. It is the same with Bitcoin. People are buying bitcoins, not because they can use them or take advantage of the technology. but because they think they can make a fortune.
Just look at the posts in the Beginners and Help forums. The majority ask, "How can I make money?" Very few newbies here even care about the technology.
Topic: [2018-03-13] What's Wrong With John Oliver's Bitcoin-Beanie Baby Comparison (Read 91 times)
March 13, 2018, 07:50:58 AM
March 13, 2018, 05:01:15 AM
Most of John Oliver's send-up of cryptocurrency was spot on.
On Sunday night's episode of "Last Week Tonight," the HBO host poked fun at bitcoin community icons and reminded viewers to exercise caution when investing.
"The important thing to remember here is this is a brand-new, very complicated space and literally nobody knows how it's going to develop, so you need to be careful," he said.
Oliver's explanations of blockchain technology and the nascent cryptocurrency industry were generally accurate, and the notes of caution were appropriate. Speaking of notes, guest star Keegan-Michael Key's parody of Carlos Matos, the exuberant Bitconnect promoter, drove the point home when he bellowed: "Re-spon-si-bility!"
https://www.coindesk.com/john-oliver-bitcoin-whats-wrong-beanie-baby-comparison/
On Sunday night's episode of "Last Week Tonight," the HBO host poked fun at bitcoin community icons and reminded viewers to exercise caution when investing.
"The important thing to remember here is this is a brand-new, very complicated space and literally nobody knows how it's going to develop, so you need to be careful," he said.
Oliver's explanations of blockchain technology and the nascent cryptocurrency industry were generally accurate, and the notes of caution were appropriate. Speaking of notes, guest star Keegan-Michael Key's parody of Carlos Matos, the exuberant Bitconnect promoter, drove the point home when he bellowed: "Re-spon-si-bility!"
https://www.coindesk.com/john-oliver-bitcoin-whats-wrong-beanie-baby-comparison/
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