Member-only story
Three Ugly Jealous Girls Socially Attack Vivacious Beautiful Bitcoin
These Girls Require Unlimited On-Line Transaction Revenue, The Beautiful Blonde In The Room Does Not.
I came across this gem while watching the sunrise in Bali at Tone Vay’s Bitcoin Summit. I assume I am the one mentioned in the mask so I think it only proper that I am the one to address it. (29:35–30:10) Although I feel a bit slighted as my name was not mentioned and my ugly mug was omitted from the thumbnail.
The Crypto World starts out with the premise that crypto and blockchain are substitute goods searching for utility. Rather than Bitcoin is the blockchain, one of a kind, organic, and the longest easily verifiable chain with proof of work, by definition, the premise for competing standards begins with crypto and blockchain as substitute goods. And the resulting promotional spiel is the same refrain, “Better than Bitcoin” as a way of “drafting next to the prettiest blonde in the room (Bitcoin) while at the same time sullying her character.” (24:30)
By default, the tactic is not to attack bitcoin directly but rather attack the people supporting bitcoin alone, especially those who vocally warn of the dangers of…