Why is crypto hated so much?
What nobody is talking about that is burning some under their clothes
You turn on the TV and flip to the business stations. They talk about stocks, bonds, currencies, ETFs, etc. Sometimes they drift into techies and geopolitics. Then there is the drift into bitcoin. Very rarely but deliberately. They talk about its all time high like Apple reports beating Q2 estimates. Only that it does not get analyzed. It is just said in passing. But bitcoin plunges down by 10%, they might even set up a 1-hour panel for it. Why is crypto hated so much?
They don’t really hate crypto, but they don’t like it. They don’t like it because they are not involved. They are not involved because they saw it as something for the outcasts. They saw it as something for outcasts because they swallowed what they were taught in school hook, line and sinker. They swallowed it because it was elegantly forced on their minds. It was elegantly forced because they paid so much for it. They paid so much for it because it was their way to get to sit on the big table. What’s the big table? It is where the large chunk of the wealth distribution gets allocated.
So who are those into crypto? They are mostly those who believe the big table should not be restricted to a select few. There is one thing those at the big table love, they like every other person who comes up to their level to eat from their very own table. They like it when life progresses like that. But when there is another table, another pathway to economic prowess that doesn’t involve the soul-piercing method they have known, they are against it. They don’t like it. They don’t even want to understand it.
Giving away money is easy, making it easier for others to rise to the top is the real deal
This is not just about bitcoin, it is about the whole crypto. A lot of people have bashed the idea of ICOs saying that there should be a lot less and people shouldn’t take part in it. I differ. Over the years, the major challenge of “from the scratch” businesses is capital. Many are subjected to hawks and sharks and cripple their business dream long before it launches. Private investors and VCs are good but they are not suitable for every founder or…