[Chugalug] A (final) comment on the Bitcoin .. fraud

Lynn Dixon boodaddy at gmail.com
Mon Apr 15 14:53:58 UTC 2013


Mike,
I have to ask, have you researched how Bitcoin works...at all?


On Mon, Apr 15, 2013 at 10:31 AM, Mike Robinson
<miker at sundialservices.com>wrote:

> Let me point you to this Amazon link:
>
>
> http://www.amazon.com/Extraordinary-popular-delusions-madness-crowds/dp/B0007FE87O
>
> ...
> "Extraordinary Popular Delusions" and "The Madness of Crowds" were two
> short books published by Charles Mackay, LL.D., (1812-1889).  They are
> still in-print, and for extremely good reasons.  Mackay discussed
> well-known examples including Tulipmania, The South Sea Bubble, and many
> more.  His is considered to be one of the seminal books on the subject of
> Crowd Psychology.
>
> One of the most interesting articles on Wikipedia, particularly for its
> "References" and "See Also" sections:
>
> http://en.wikipedia.org/wiki/Crowd_psychology
>
> ...
> This whole thing is DRIPPING with crowd-psychology elements.  And, I would
> say, with a great deal of sophisticated understanding, both of psychology
> and of the criminal mind.  The seeds were carelessly planted a couple of
> years ago, but very consciously so and in extremely fertile soil.  Lately,
> I cannot help but notice that a public relations campaign has now been
> started – selling a fabulously expensive car, and particularly, crowing
> about supposed anonymity and the ability to make illegal purchases.  I
> begin to suspect the presence of a honeypot, perhaps a wonderfully
> elaborate sting.  But, no matter what I suspect ... I know to suspect.
>  And, I would counsel those who wish to listen to do the same.
>
> I won't say any more about this.
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