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If penny stocks are the cocaine of the finance world, bitcoin and related cryptocurrencies are like freebasing crack.


More like krokodil.


Give BTC a little credit, it's capable of giving you a solid rush and getting you(r bank balance) high. It doesn't always bankrupt you. That's a lot better than you can say of krokodil.


But many (not all of course, and probably a minority of people who do bitcoin) of its proponents seem as crazy as krokodil users with their snappy judgements, saying it's government propaganda that there is crime done using bitcoin, that bitcoin will replace all currencies, that 'revolution is coming', 'banksters are afraid', and other weird 'freedom' slogans, etc.

At the same time, in some weird massive cognitive dissonance, anytime one of these evil governments they hate so much decides to legitimize bitcoin in some way by recognizing it as some financial instrument or when USD/BTC rises (and let's remember - dollars are a fiat currency a.k.a. useless pieces of paper that bankers print and force people to use) they are giddy as hell.

I even seen comments saying that Satoshi becoming instant billionaire (richest in the world by far, in pure currency, not 'net worth' that's hard to liquidate and spend) if bitcoin really became global currency is deserved for his contribution to humanity. Can you imagine someone saying Dennis Ritchie should own 5% to 10% for his contributions to Unix, C, etc. (that largely went unrewarded and he died the same time Jesus of electronics Steve Jobs did so no one even cared). Or RMS for the FSF? I just can't imagine how much you have to like a thing (FOSS, Unix, C, Bitcoin, ..) to say its creator should be rewarded that heavily and become the richest person in Earth's history.


I don't even know what krokodili IS so I'll take your word for it, ha ha


It's what you get if you walk into a gas station determined to mix everything they have on their shelves and hope this results in a drug. It's a very cheap and easy drug to create, but its ability to destroy the user's body far surpasses more conventional drugs like heroin.

The life expectancy of a user is 1-2 years as their tissue starts to die.


It's an old obsolete but very potent pain killer that recently resurfaced in Russia and it makes you body rot and require amputations.

I think it's an apt comparison of the 'potence' of these two things. People who take coke don't rot alive and die within a few years. Similarly penny stocks are (relatively) harmless, never used to buy illegal stuff and people who do them don't go around saying that penny stocks will replace all finances and currencies and cause a revolution against the corrupt banker filled governments and accuse everyone of being governmental propagandists (yada, yada..), many of Bitcoin proponents on the other hand...




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