Bitcoin ethos (as in, the original 'banks are broken, let's fix this') is kinda similar to the hacker ethos ('this thing/program is broken, let's fix this'), so maybe this shouldn't be too surprising? Short term pain for long term gain etc.
(disclaimer: I think bitcoin is dumb, but the market disagrees)
> (disclaimer: I think bitcoin is dumb, but the market disagrees)
I believe that market is quite controversial. Most people know that bitcoin is a bit dump, but they buy it regardless because they believe they profit from it when they do that as part of larger group. A very interesting social experiment with the mix of market manipulation. It is less about stability, independence or usability of the currency, but more about the opportunity of profit.
(disclaimer: I think bitcoin is dumb, but the market disagrees)