The tech nuisance demographic that supports bitcoin is a subset of the right wing libertarian tribe. They view it as a way to do their part in destroying tyrannical government. Cody Wilson, for example, the young pest who was sure his 3D-printed plastic gun plans were a strike at government until the US ITAR rules shut him down has migrated to bitcoin wallet-making. (Feel free to add hilarious comments on the need for 3D printing plans for guns in America at the end of 2013.)
You find the same sentiments in old gold bugs, the old white guys of the Republican Party and the old white people known as “preppers.”
Bitcoin is just more high button. It’s literally a “money” for stroking the every-man-for-himself psychology, a “money” that’s perfectly fit to tech sociopaths.
The being said, another fair assessment is that bitcoin is certainly a money for our time.
Although it’s dressed up as being something good for the world in its way of undermining and destroying central banking, it’s really just something that allows some people, a very select few, to make fortunes without doing anything, more specifically, without doing anything that is even remotely a social good. Just like the 1 percent, or Wall Street, or much of corporate America.
But someone’s already out there offering “Bitcoin mining computers,” which cost several thousand dollars apiece. (Notice that you can’t buy one with bitcoin … heh.) They’re selling you the dream of a “magical money-machine.” There’s a sucker born every minute, and that sucker … his “mark” … is you. Be aware. (One unit sells for $14,500.00 and “ooh, hurry up hurry up and buy one before they all get sold-out!”) You should know better. But they’re counting on you having gold-fever …
Another piece of the growing bitcoin scam is seen here, in a long advertorial aimed directly at the old people conned by the incessant ads for buying gold on Fox News and Glenn Beck’s Blaze website.
It’s a make-money-fast video and if you view it you’ll immediately notice the bitcoin name isn’t even uttered until you’re well into it. The revolutionary new money that’s shaking world government is initially referred to as the newest version of “Edison’s dollars.”
On bitcoin — from the archives.