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ID: PdUhNzMi/biz/60661695#60661695
7/20/2025, 3:14:32 PM
ID: vCOg5KNP/biz/60614456#60615553
7/12/2025, 5:47:22 PM
>>60615347
This. Back then, Bitcoin was not thought of an asset to invest in, it was seen as a shady way to circumvent using dollars for illegal things (Silk Road and even more heinous shit on the dark web). Even in tech/cryptography circles, we understood the technology, but questioned how it would fare in the real world. Remember that Bitcoin was not created to build wealth per se, it was created to replace currency, and currency is backed by governments, who have armies. America killed multiple dictators (Hussein, Qaddafi) for threatening the USD. Internet nerd money didn't seem likely to beat the might of the US Government.
Actually trading Bitcoins for USD required you to use an exchange. Exchanges, historically, were the biggest weak points for Bitcoin - Mt. Gox was the biggest for example and it ended with bankruptcy and a bunch of stolen Bitcoins. The whole thing smelled like a speculative bubble. Everyone advocating for Bitcoin was an autistic weirdo, which didn't help convince anyone.
Hindsight is always 20/20, and there's always an element of faith/luck to speculation. I think the people who won were the ones just smart enough to understand the theory of Bitcoin, but autistic enough to not really question it. Everyone laughs at the 10,000 BTC pizza order guy in 2010 now, but that was how people thought of BTC back then.
>t. old
This. Back then, Bitcoin was not thought of an asset to invest in, it was seen as a shady way to circumvent using dollars for illegal things (Silk Road and even more heinous shit on the dark web). Even in tech/cryptography circles, we understood the technology, but questioned how it would fare in the real world. Remember that Bitcoin was not created to build wealth per se, it was created to replace currency, and currency is backed by governments, who have armies. America killed multiple dictators (Hussein, Qaddafi) for threatening the USD. Internet nerd money didn't seem likely to beat the might of the US Government.
Actually trading Bitcoins for USD required you to use an exchange. Exchanges, historically, were the biggest weak points for Bitcoin - Mt. Gox was the biggest for example and it ended with bankruptcy and a bunch of stolen Bitcoins. The whole thing smelled like a speculative bubble. Everyone advocating for Bitcoin was an autistic weirdo, which didn't help convince anyone.
Hindsight is always 20/20, and there's always an element of faith/luck to speculation. I think the people who won were the ones just smart enough to understand the theory of Bitcoin, but autistic enough to not really question it. Everyone laughs at the 10,000 BTC pizza order guy in 2010 now, but that was how people thought of BTC back then.
>t. old
ID: liSh0zBm/biz/60593659#60594217
7/8/2025, 9:16:11 AM
>>60593659
Its over
Its over
ID: u2Zs2yY5/biz/60566073#60566073
6/30/2025, 11:13:43 PM
ID: N3SFeUsL/biz/60547132#60547864
6/25/2025, 10:04:06 PM
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