People who are on the cutting edge, refer to the cutting edge as the bleeding edge. Therefore, anyone who claims to be on the cutting edge by stating that they are on the cutting edge, obviously isn't.

Note: People who repeatedly insist on telling you that they are on the cutting edge, are actually much closer to being on the blunt edge a disposable plastic spoon instead.

The "bleeding edge" is the newest of the new technologies. They are so new that not much will work good (if at all) with them. It's always the next step. The bleeding edge is the alpha version compared to the cutting edge (beta). Generally, things go: obsolete, old, modern, cutting edge, bleeding edge.