Re:Former US SEC attorney: 'Get out of crypto platforms now'
by yellowapple on Wednesday June 21, 2023 @12:31AM
(#36414408)
> To me this seems like the same argument you're making - belief that a trend will continue until proven otherwise - but I don't find either of them very convincing.
Barring a reasonable, coherent, and factually-supported explanation for why an existing trend might not continue, the existing trend continuing tends to be a reasonable default prediction.
Someone could say "Many past novel currencies and securities have failed; any prediction of Bitcoin's success must explain precisely how and why it will still have worth in 50 years." To me this seems like the same argument you're making - belief that a trend will continue until proven otherwise - but I don't find either of them very convincing.
I think any argument either way should have more details than "it's worked so far!" or "it'll eventually fall over like Madoff!" but you seem to only be pushing the burden of proof in one direction.