I once left my motorcycle outside downtown with the ignition hotwired. It wasnt there when I came back. I don't blame the city. I don't defame it or consider its people more or less criminal than those of other cities.
Come on, it was not that petty vandalism of Wikipedia that gave me that negative view of the bitcoin "ecosystem". It is the bulk of what I have read over these four months, especially the hype coming from the "great names".
Bitcoin was crippled by two great disasters: first, its adoption by "libertarians", and, second, the blooming of the Chinese market. These developments turned what could have been a great e-commerce invention into the instrument of a legion of skimmers, scammers, and common criminals. Will the "pure" bitcoiners (if there are any left) have the will and power to get rid of those parasites, before they kill the idea? I don't see that happening.
So let me get this straight: Bitcoin was crippled by smart people spotting the value of it before you? Libertarians and Chinese have average I.Q.s substantially higher than Latin Americans, Buddy. It doesn't mean we always use those brains wisely and we may be naive to think others generally play fair, but that's projection. It's because we do play fair. My money is at the risk of the market and yours is guarded by Statist thugs. You have no problem with government jackboots as long as they are under your control. It's not the Chinese involvement that's crippling Bitcoin right now. It's the PBoC's involvement.
Everyone knows Sao Paulo is a shithole. Coming from your perspective, You may think the whole world is a shithole too. It's not. We will absorb the Chinese dump if it happens at some price level. I don't know what that level is and I don't have to. It will likely take months or years to consolidate before the next rally and that's fine too.
Howz the Real doing, Prof? Ya got great confidence in your national currency? I read the story about how it was created. I couldn't believe Brazilians were that stupid. Then I started reading your posts. You rail against private sector scammers and ignore the greatest scammers of all: The governments of the world. Then you say "Yes, the government has problems, but it would be so much better if only people like me were in charge." That would be a disaster. I'm comforted by the fact that the sociopaths who run the governments would never let that happen.
You don't know shit about economics. You don't even think there is anything to know. You're not even coherent enough to be wrong. Incentives work. Can you get that into your thick bald head? This will blow over. It's going to suck in the meantime, but at least I won't have to wait it out in a suburb of a giant slum that smells like a sewer.