Only a few months back, I happened to talk to a person associated bitcoin trading. You instantly get that feeling of talking to a person deep in a pyramid scheme.
He talked endlessly about how he plans to buy a luxury villa with all fancy facilities worth crores, and an expensive car, and it would all happen, and he would defy the world and rub it in their face. All with bitcoin money. He continued to justify his actions, decisions with unimaginable zeal. The closest I've seen this kind of conviction is among high religious people. It almost felt the same way.
The general feeling among this crowd is their heaven is only steps away, and will come to pass sooner. Other people will left watching, and will come to be envy of their success. And he can do all that by just investing in some coins and watch it become very big.
I was tempted to debate, but given how deep he was in fantasy, I thought it best that he be left alone, at least the guy can have fun in his thoughts while he can.
But the larger problem is with people, so many people want to do so much with one life. Many people go into wrong academic tracks, end up being accountants, or real estate brokers or whatever. And they see no bailing or escape from low paying jobs, and living working through a mediocre career, under achieving all the way. Its easy to lure such people into any thing that mildly looks to pay disproportionately with little effort. What follows next is religious conviction in such pursuits, even if they can proved totally irrational. People do like to believe miracles can happen in the face of every day mediocrity. And when ponzi schemes come along, they helpless fall for them.
He talked endlessly about how he plans to buy a luxury villa with all fancy facilities worth crores, and an expensive car, and it would all happen, and he would defy the world and rub it in their face. All with bitcoin money. He continued to justify his actions, decisions with unimaginable zeal. The closest I've seen this kind of conviction is among high religious people. It almost felt the same way.
The general feeling among this crowd is their heaven is only steps away, and will come to pass sooner. Other people will left watching, and will come to be envy of their success. And he can do all that by just investing in some coins and watch it become very big.
I was tempted to debate, but given how deep he was in fantasy, I thought it best that he be left alone, at least the guy can have fun in his thoughts while he can.
But the larger problem is with people, so many people want to do so much with one life. Many people go into wrong academic tracks, end up being accountants, or real estate brokers or whatever. And they see no bailing or escape from low paying jobs, and living working through a mediocre career, under achieving all the way. Its easy to lure such people into any thing that mildly looks to pay disproportionately with little effort. What follows next is religious conviction in such pursuits, even if they can proved totally irrational. People do like to believe miracles can happen in the face of every day mediocrity. And when ponzi schemes come along, they helpless fall for them.