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A comment on Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble. Parent comment

Re:Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble by yao420 on Monday October 18, 2021 @01:22AM (#28902467)
You can see what people own by their wallet address.

The watch example is apt, similar to a Richard Mille being a flex that 99% of people won’t ever notice or understand it conveys status.

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Re:Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble by graeme on Monday October 18, 2021 @03:00AM (#28902938)
People are going to flash their wallet addresses at bars or at business meetings?

We already have strong social taboos about flashing bank accounts. The whole point of status good is they convey wealth rather than tactlessly showing a total.

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Re:Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble by atatatat on Monday October 18, 2021 @09:08AM (#28905039)
You've never seen where these brags occur?

See if this feels familiar:

Paris Hilton buys NFT of Hello Kitty! creator's DNA, says "crypto is the future"

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Re:Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble by stickyricky on Monday October 18, 2021 @10:03AM (#28905528)
Paris Hilton is possibly the world's richest and best known idiot. The flex here is having a news article written about you. Paris Hilton bought an NFT to stay relevant. Not to become relevant.
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Re:Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble by graeme on Monday October 18, 2021 @12:46PM (#28907598)
The fancy watch market is much much broader than celebrities
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Re:Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble by giantrobot on Monday October 18, 2021 @01:45AM (#28902594)
"Trust me this watch makes me very cool!"
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