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RE: Bitcoin crashes to $3750 (-10%) while the US debt surpasses $20 trillion

in #bitcoin7 years ago

That last image cracks me up!

Any kind of real change causes fear among those heavily invested in the "old" ways, and they are going to do whatever they can to keep the status quo in place... and most of the time, the only "weapons" they have is to find ways to discredit the new way.

In the early 1900s, the "establishment" fought tooth and nail to keep "horseless carriages" from becoming a thing... they were labeled as "a menace" and "danger to the people" and "a newfangled invention that will never last."

Something similar was true for the Internet. Suddenly... free instant communication between people all over the world??? "Dangerous" and "undermines societal values" and "it'll never catch on!"

Now it's blockchain technologies and cyrptocurrency... more broadly speaking, "decentralization."

Each time, it seems based around the core fear that a set of "someones" will lose their ability to CONTROL a different set of "someones."