But something is in the works to make this an entirely trustless hobby where an event like this will never happen again...so stay tuned.
Looking forward to it.
Didn't mean to kick you guys when your down, just getting sick of seeing these type things and was drinking a little.
*old man shakes fist at cloud. Thanks and happens to the best of us....but what is with the small font that I can barely see and became only aware of it
when I quoted your text . LOL Hidden messages....
Ha, thanks for the apology, your initial message had me steeming for a few seconds. Truth hits the most I guess.
Anyway, I think all collectors here are very aware of the contradicton of physical crypto. And Yogg helped me (and many others) to be reminded of this paradox again.
Yes, it contradicts Bitcoin's fundamental idea by adding a massive trust element.
The idea of a funded collectible, that can theoretically be passed down generations and handed over in person in the physical world is just something very appealing. Combnine this with a rare metal (silver, gold) and you get such a cool piece.
Trust me, it's a great conversation starter even with the most annoying crypto-sceptics.
I think as long as you are aware of the risks and understand that a loaded crypto collectible is very far from what Bitcoin actually stands for, you are good to go.
In the last couple of days, I had been considering whether I wanted to respond to some of the ideas contained in this post, and many of us have likely come to realize and appreciate that how to evaluate the value of some kind of a good (or service) (or collectible for that matter) may not always be clear in regards to what we are buying versus what we might believe that we are buying and our abilities to calculate risks, which ultimately become part of how we might evaluate possibilities that a private key could be compromised or would be compromised by various potentially weak security points along the way, and if we might not sufficiently understand the various vulnerability points, we may well end up mis-attributing value (or misplacing something to be something other than what it is) - like attempting to equate a 1 in a thousand coin piece that we find at a pawn shop, versus a representation of scarcity on the bitcoin blockchain, or is it on some other blockchain, and do we even understand and appreciate the difference - which would contribute to our "knowing what we are getting into" by recognizing and appreciating the risks.
Of course, some of the values of the pumps and dumps in the "crypto space" have to do with how easily it is to achieve unrealistic and non-substantiated price appreciation that ends up being based on momentum rather than actual fundamental assessments of the asset class, and surely right now most forum members recognize Yogg as a security hole that had not been appreciated at an earlier date, and even some members might even question whether some other forum members might have also helped to enable him, but then so many matters might seem as if they are more clear (in terms of 20/20 vision) after they occurred, so even if a decently large number of forum members "learned their lesson" regarding risks that they had not realized, the getting acquainted with crypto space, seems to have some decent numbers of repetition of the ways in which the bad guy had swindled the good guys (or the new innocent ones) out of a decent amount of their bitcoin, even if maybe small amounts from each one (rather than a lot from a few).
I am not going to proclaim to know any answers, except for merely wanting to point out that it can be quite difficult to identify the extent to which people understand and appreciate the level of risk that they are in (to be rug pulled), and even some people (in the real world) who I had previously respected when they were in their 30s, 40s and 50s, sometimes end up being vulnerable in their old age when it might have had been presumed that they "know better" than to be tricked into some kind of a scam.. but then maybe at some point they are no longer earning money on a regular basis that keeps up with inflation, and they become more vulnerable because their income is flat, even though maybe they have a lot of money "in savings" or "in investments" that they perceive to be "underperforming" and all of a sudden they transform into someone who becomes eager (or is it "greedy?") to earn yield (or to get returns that are higher than they should be expecting to be getting).
