You are questioning trust in the markets connected to the Bitcoin network. You make it clear that trust can't be regained by saying it's irreparably tainted for you.
I agree with the assertion there may be things plugged into the network which affect price in either a (unnatural?) negative or positive fashion. /r/bitcoinmarkets has been talking about China intentionally pushing the price down for months now by way of implementing marketing sentiment, China style. However, I believe there are far more positive connections being added to the network (as you mentioned in your comment) and these connections will bring added value and stability to the market by acting as dampener to value manipulation.
Overstock has real sales with BTC. Sure, they aren't much, but it's a good start for what is essentially the world's largest startup. The only reason we're not all circle jerking each other over Bitcoin like we would something like Instagram (photo sharing site sold for $1B? really?) is because of what cryptocurrencies in general represent for humanity: computed trust. Trust implemented by a thing that we all run and none of us can stop except maybe for the devs, which requires consensus. That's a POWERFUL and scary tool.
When something messes with trust, interest and fear, you get the AWE response from humans. This results in either great joy from trusting and being interested it, or anger from fearing it. This is why discussions around Bitcoin are so polarizing.
Killer apps bring trust in a widespread way. Killer apps for powerful tools aren't invented overnight. It takes conviction and hard work to figure out opportunities and it usually requires lots of experimentation. Resenting or judging based on the fact some will fail in a given time range is illogical. I do hear you when you say you think the blockchain is the real story. I agree, but in a much broader sense of any type of computed trust.
I agree with the assertion there may be things plugged into the network which affect price in either a (unnatural?) negative or positive fashion. /r/bitcoinmarkets has been talking about China intentionally pushing the price down for months now by way of implementing marketing sentiment, China style. However, I believe there are far more positive connections being added to the network (as you mentioned in your comment) and these connections will bring added value and stability to the market by acting as dampener to value manipulation.
Overstock has real sales with BTC. Sure, they aren't much, but it's a good start for what is essentially the world's largest startup. The only reason we're not all circle jerking each other over Bitcoin like we would something like Instagram (photo sharing site sold for $1B? really?) is because of what cryptocurrencies in general represent for humanity: computed trust. Trust implemented by a thing that we all run and none of us can stop except maybe for the devs, which requires consensus. That's a POWERFUL and scary tool.
When something messes with trust, interest and fear, you get the AWE response from humans. This results in either great joy from trusting and being interested it, or anger from fearing it. This is why discussions around Bitcoin are so polarizing.
Killer apps bring trust in a widespread way. Killer apps for powerful tools aren't invented overnight. It takes conviction and hard work to figure out opportunities and it usually requires lots of experimentation. Resenting or judging based on the fact some will fail in a given time range is illogical. I do hear you when you say you think the blockchain is the real story. I agree, but in a much broader sense of any type of computed trust.