The Reddit community on Bitcoin must be oodles of fun for people with no lives. It is the only corner of the financial world where overgrown infants, naive dreamers, and other cutting-edge crybabies can congratulate themselves for knowing nothing about money. They find a worshipful audience on Reddit. I've selected some of the best recent comments from the Bitcoin subreddit below in italics. Errors in spelling, capitalization, and other fundamentals of intelligible communication remain as their authors intended. I will not identify the perps because they may want to grow up someday. My own comments always follow.
So i should recommend to my 70 year old grandma to put all her savings into bitcoin (what's the easiest way to teach her bitcoin? took me years to teach her email/skype... think she might be dead before she's able to transfer funds on her own)? How will this stop the government from taking her tax refunds which are not in bitcoin? What happens if the price drops under the current 400$? I love bitcoin and what it stands for but you needa stop drinking the Kool-aid.
Dogecoin teaching style . . . means Bitcoin will need an animal mascot. Somebody already picked the honey badger. Bitcoin teaching substance . . . means Dogecoin will be based on nothing. Oh, that already happened. Maybe these Reddit people aren't as cutting-edge as I had assumed.
This sort of thing is baffling to me on the altcoins. A new business shows up and because it has an address, and an office there is immediate trust in them. We have seen large scale operations fail time and time again. We need businesses involved in the currency but we also need healthy skepticism when it comes to verification.