....
My point though is he appears to have many people quite riled up and that's unfortunate. His points simply need to be deconstructed and the flaws pointed out. But if it's a waste of time doing that (and I haven't been in this thread for more than a few months) then probably best to just let him post and not respond.
Either way I don't find his posts to be trollish in their nature (but maybe his "graciousness" is hiding a whole other agenda I'm not aware of) and I appreciate he's expressing his view and that's perfectly okay.
I agree. The only ones who get really riled up by Jorge are the guys who believe that bitcoin will *somehow* make them incredibly wealthy, but who cannot quite understand the mechanics of how it will happen. When anyone pokes wholes in that balloon, they fight back angrier than a bag full of cats.
But I've always found his posts interesting, if perhaps following a set narative. Jorg feel bitcoin will fail because of inherent flaws in its design.
I, on the other hand, feel it just might succeed
in spite of them!
Your giving Jorge too much credit, and also, you seem to buying into his strawmen arguments to categorize a variety of guys as seeking exorbitant personal wealth as being their sole motivation. In fact, when someone invests in something, including bitcoin, they are investing because, in part, they expect the value to go up in the future... accordingly they expect it to be good store of wealth. So in the end, there is some expectation for return on investment.... whether that is to break even or to gain a few percentage points per year or to gain 10% per year or even 100% per year, those kinds of expectations can vary depending on perspectives about the past performance of BTC or based on various current and ongoing investments into the BTC infrastructure.
To narrowly assert that a considerable category of bulls are emotional because they are overly greedy, is to sit too much in judgement while employing insufficient facts to the particulars of each case. Even if you take me for example, over the past year and a half, I have shared quite a bit details about my personal investments in bitcoin and my strategy etc; however, guys here still are NOT going to know exactly some of my personal financial details and my exact distribution of assets, because some of this is too detailed an NOT really necessary to disclose in order to participate in various genuine and meaningful form discussions related to bitcoin investments.
Another motivator of a lot of bulls, deals with hedging their bets against various fiat systems... and in fact, such a BTC investor does NOT need to be fanatical get rich type person in order to identify considerable value in bitcoin concerning its potential to be a hedge against various fiat systems... accordingly, their investment portfolio or maybe quite a bit of their income stream involves various fiat systems and various fiat valuations - and in that regard, investing in BTC can offset some of the risk involved in their portion of investment into fiat systems... whether guys consider 1% or less to be a hedge or some guys may consider 50% or more to be a hedge, which is a bit more extreme, but potentially reasonable depending on the guys set of values, experiences, risk profile and set of expectations regarding the future.
