When arguing with a Bitcoin-fanatic, try this line:
"Yeah I agree that cryptocurrencies are interesting, perhaps some day one will replace the USD. It will probably not be Bitcoin, but rather some other cryptocurrency“.
Watch how they recoil!
For they have been found out, they do not actually care for financial freedom, etc., all these noble crypto goals which can also be achieved with a cryptocurrency that is not Bitcoin.
All they care about is their speculative investment in Bitcoin in particular, so it won't help them much if another crypto becomes the world standard.
It‘s probably <1% that are true believers and >99% that have missed out on a few bull runs and are now hoping to get rich quickly.
Really, try this line some time and you will come to the same conclusion.
Until I left in like 2015 when it became clear what a disaster it is and that it won't be able to fulfill its original purpose anyway. I'm very surprised the price is still soaring, shouldn't the best currency win? You seem to be right about the 99% idea, though the remaining 1% is not a true believer (you can't seriously be interested in the tech and miss this little fact) but rather people blinded by the additional promise of getting rich.
I am sure most cryptocurrency fanatics understand that volatility is not a good thing for a currency and do not expect bitcoin to be the world standard for payments. Just because you won't end up paying your bills with bitcoin doesn't mean that bitcoin will be worthless.
Again, let‘s assume you are right, and Bitcoin is in fact 100% useful for doing X!
Are you happy? Sure you are, since being useful for X made the price soar!
...
Now let‘s pretend it wasn‘t Bitcoin, but some other cryptocoin that actually became the world's standard for X. Are you still excited? If not, you don't actually care about cryptocurrencies in general but want to make a quick buck with Bitcoin in particular.
"Yeah I agree that cryptocurrencies are interesting, perhaps some day one will replace the USD. It will probably not be Bitcoin, but rather some other cryptocurrency“.
Watch how they recoil!
For they have been found out, they do not actually care for financial freedom, etc., all these noble crypto goals which can also be achieved with a cryptocurrency that is not Bitcoin.
All they care about is their speculative investment in Bitcoin in particular, so it won't help them much if another crypto becomes the world standard.
It‘s probably <1% that are true believers and >99% that have missed out on a few bull runs and are now hoping to get rich quickly.
Really, try this line some time and you will come to the same conclusion.