There’s something about Bitcoin that stirs up strong emotions in people. Libertarians love it. Anarchists adore it. Cypherpunks crave it. But not all of the emotions Bitcoin engenders are positive. Bankers fear it, politicians distrust it, environmentalists resent it, and a few people, why, they veritably hate it.
Also read: 30 People Who Were Really Wrong About Bitcoin
The People Who Love to Hate Bitcoin
When people develop an aversion to something, their immediate instinct is normally to steer clear of it. Be it baths or Bitcoin, if you loathe it, you’re prone to avoid it at all costs. For some masochists, however, steering clear isn’t an option. Like a wobbly tooth they can’t resist prodding, they keep returning to Bitcoin time and again, fascinated and repulsed in equal measure.
These subjects are prone to defend their Bitcoin obsession on the grounds that they’re simply trying to protect innocent investors from succumbing to its wiles. “Rat poison squared” as Warren Buffet memorably dismissed it. Their inability to leave Bitcoin alone, however, betrays a deeper fear: that the cryptocurrency may achieve global domination, rendering their life’s work redundant. In this framework, Bitcoin’s haters are less motivated by altruism for the innocent than by an existential dread that, should it prevail, they risk being proven wrong and ridiculed. Like moths lured to an open flame, the following subjects just can’t seem to escape Bitcoin’s orbit.
David Gerard
David Gerard’s hatred for Bitcoin is biblical. If the writer was terminally ill and Satoshi Nakamoto handed him the cure, Gerard would likely refuse to take it on principle. He fills his days screeching at all things crypto, but reserves particular disdain for Bitcoin, the demon that spawned them all. Best known for his blog “Attack of
