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Title: Greed is one of bitcoins most underrated aspects Post by: notig on December 19, 2013, 06:27:56 AM Greed is a powerful force and it's an important aspect in the bootstrapping of bitcoin as a currency. Without the early adopter incentive there might not have been as many early adopters. It gets the ball rolling. And the ball is definitely rolling.
Title: Re: Greed is one of bitcoins most underrated aspects Post by: bryant.coleman on December 19, 2013, 08:08:50 AM In my opinion, greed is definitely preventing Bitcoin from becoming more mainstream. Since the Bitcoin transactions are irreversible and complex, a lot depends on honesty and trust. Unfortunately what I have seen so far is not encouraging.
Title: Re: Greed is one of bitcoins most underrated aspects Post by: beetcoin on December 19, 2013, 08:10:29 AM In my opinion, greed is definitely preventing Bitcoin from becoming more mainstream. Since the Bitcoin transactions are irreversible and complex, a lot depends on honesty and trust. Unfortunately what I have seen so far is not encouraging. but greed is also the reason why man are investing into bitcoin. Title: Re: Greed is one of bitcoins most underrated aspects Post by: tubbyjr on December 19, 2013, 08:54:47 AM The ball is in the court of the early adopters. It is time for some actual transactions of the huge coin stashes they've been sitting on.
Title: Re: Greed is one of bitcoins most underrated aspects Post by: bryant.coleman on December 19, 2013, 10:01:05 AM but greed is also the reason why man are investing into bitcoin. No. Definitely not. Almost all of the early adopters supported the Bitcoin for ideological reasons. But still, I agree that the recent boom, which was created by rising demand in China and other developing nations may be due to the hoarding of BTCs for investment purpose. |