On: The political case for a blanket cryptocurrency ba...

[tome]

This is a strange sort of argument and seeing it so often from cryptocurrency proponents makes me feel that the pro-cryptocurrency are weaker not stronger.

On the one hand, yes, I'm sad that I didn't buy $100 of bitcoin ten years ago and hold until now. Who wouldn't be? But on the other hand, how does this even bear resemblance to an argument?

> "The political case for a ban on fossil fuels"

So sad that you didn't buy some Exxon huh?

> "The political case for a ban on tobacco"

So sad that you didn't buy some Philip Morris huh?

> "The political case for a ban on energy trading"

So sad that you didn't buy some Enron huh?

"So sad that you didn't buy some bitcoin huh?" is like the opposite of the sour grapes fable: "I was able to reach the grapes so they must be sweet".

[SwimSwimHungry → tome]

Objectively, it's a humble-brag, as if Bitcoin users are somehow among the enlightened and, by anyone "missing out", they will forever be poor.

Or wait... actually I was told it's not too late! Bitcoin is only just getting started! If you don't buy now, you'll miss out on more future gains! Right!?

Well, it's becoming less of a compelling argument, when to even 2x your input, BTC would have to hit a mind boggling $118k USD per coin as of this very post. In essence, we are finding a diminishing point of returns already. You can do better than that much more easily and quicker on the stock market right now, by comparison.

It's like coiners want to play both sides of fence. They want to ridicule and taunt those that they say didn't see the light in 2009 or thereabouts, but at the same time, gain new recruits, so they can continue to fatten their holdings all the same.