You do not seem to realize that BTC was "crashed" from $1,200 to around $800 back in January of this year. Was that also proof of whatever it is you're trying to claim?
You think that when the price goes up it is proof that bitcoin is a bubble and a mania... and that when price goes down it proves it's a bubble and a mania.
Also, the massive down voting that my post has gotten- despite it being a substantive contribution to the discussion-- with the uprooting your post has gotten, despite it being nothing but characterizations-- is actually very bullish for bitcoin. So long as even the "hackers" here don't get it, then that's proof it hasn't crossed the chasm and isn't in a bubble. (And your opposition is really all about the fact that bitcoin disproves several sacred economic theories.)
I'm frequently appalled at how "hackers" and "technologists" here and in my professional life have little factual indea of how Blockchain works, let alone something like Solidity or EVM.
I am utterly convinced that this is the future "App Store" that we are building on and the fact that so many programmers are oblivious is a sign for me to Keep Loading up on BTC, ETH...
It literally is Programmable Value and Transfer. It's absolutely slick.
People have such cognitive dissonance since everyone has been pretty much lied to their whole lives on the nature of Money and Credit. This kind of social and technical phenomenon requires people to reject a previous understanding they had (which in turn is offensive because that understanding goes to the core of their being -- earning your first allowance as a kid, hard work for your first paycheck, etc).
It's defensive for past Ego Investment. It's abhorrent that one could have bought $100 worth of something just a few years ago and would be a millionaire today.
Yup, that's it, I'm investing!
>> Bitcoin is the very definition of a disruptive technology that will revolutionize society for the better and hackers are embracing it.
No, it's pretty much the definition of an e-tulip, and today has shown that it can and will be hugely affected by the actions of governments.