Richard Branson to Host Bitcoin Summit on Private Island

[ensurance982]

It makes me laugh when people doubt if BTC will go back up. We have billionaires on this boat and you ain't even know it. They will not let it sink.

Just because billionaires are involved doesn't mean anything. If it did the price should have gone up already. Investments and ideas sometimes fail but bitcoin could remain easily remain at the value it is at now or maybe even fall.

Yeah, that's what people should at least always keep in mind. Nothing is "safe" or "for sure" in this game. Even though it is very good to have billionaires on board, this means that people who are working on successful projects all the time spend their actual time (far more worth than money for them) to work on things related to Bitcoin - can't get any better than that, actually!

[WhatTheGox]

What's more likely; all these great minds will be sat around excitedly waiting for the don himself to arrive, passing the time whilst eating a $300 packet of chocolate nuts they bought from the tiki bar because they're in affluent company and didn't want to appear cheap with a melon. Occasionally somebody will share an insightful anecdote, like how they bought "too many" 100% organic natural wool socks with bitcoins this year, much to everybody's applause. They did too. "This is it...", they think... "We're home". Then like a bat out of nowhere Branson will appear in his 3mph hot air balloon... everybody standing around in awe and oblivious to the irony, wondering if he's been around the world in it again. He'll land and shake hands with a few people, smiling broadly as always. "Bitcoin eh, lovely idea. Just smashing." And before you can say "I bought all your books!" he'll step back into his balloon for a sunset departure as everybody stands around in awe once again. The radio is on, it's Phil Collins with "In the Air Tonight". Branson will wave. They'll wave. He'll wave again. They'll wave again. "What a guy!" somebody exclaims. Cue the hot kitesurfer woman listed on the website, who steps in and becomes the Smile Man as each attendee takes his turn trying to woo her affections by talking overbearingly about the size of their blockchain etc. And with that... the end of the proceedings are reached and they are pushed out to sea in a dinghy, each several big ones out of pocket and feeling slightly bewildered but nonetheless satisfied. This is why he is a billionaire, after all.

Beautiful.

This is surely how it will go down.

This is the most certain way this meeting will be held. It pains me to see that the future of bitcoin is discussing on private island by dozen of the most influential and rich people. In the end there are no miners or general bitcoin users who will have the right to change and vote how bitcoin must change, but big fishes like Branson alone will have the only right to voice opinions. It is a little sad that it comes to this.

Well they are just working out their strategy for whatever plan they have, other people form groups in bitcoinland and do their thing.  It just sucks a little that these are all the most powerful people in bitcoin no doubt.  Also the biggest holders so probably bullish for bitcoin.

[NUFCrichard]

What's more likely; all these great minds will be sat around excitedly waiting for the don himself to arrive, passing the time whilst eating a $300 packet of chocolate nuts they bought from the tiki bar because they're in affluent company and didn't want to appear cheap with a melon. Occasionally somebody will share an insightful anecdote, like how they bought "too many" 100% organic natural wool socks with bitcoins this year, much to everybody's applause. They did too. "This is it...", they think... "We're home". Then like a bat out of nowhere Branson will appear in his 3mph hot air balloon... everybody standing around in awe and oblivious to the irony, wondering if he's been around the world in it again. He'll land and shake hands with a few people, smiling broadly as always. "Bitcoin eh, lovely idea. Just smashing." And before you can say "I bought all your books!" he'll step back into his balloon for a sunset departure as everybody stands around in awe once again. The radio is on, it's Phil Collins with "In the Air Tonight". Branson will wave. They'll wave. He'll wave again. They'll wave again. "What a guy!" somebody exclaims. Cue the hot kitesurfer woman listed on the website, who steps in and becomes the Smile Man as each attendee takes his turn trying to woo her affections by talking overbearingly about the size of their blockchain etc. And with that... the end of the proceedings are reached and they are pushed out to sea in a dinghy, each several big ones out of pocket and feeling slightly bewildered but nonetheless satisfied. This is why he is a billionaire, after all.

Beautiful.

This is surely how it will go down.

This is the most certain way this meeting will be held. It pains me to see that the future of bitcoin is discussing on private island by dozen of the most influential and rich people. In the end there are no miners or general bitcoin users who will have the right to change and vote how bitcoin must change, but big fishes like Branson alone will have the only right to voice opinions. It is a little sad that it comes to this.

Well they are just working out their strategy for whatever plan they have, other people form groups in bitcoinland and do their thing.  It just sucks a little that these are all the most powerful people in bitcoin no doubt.  Also the biggest holders so probably bullish for bitcoin.

But he hasn't invested big in Bitcoin yet, so it doesn't really matter to him what the price is.

He can dip his foot in the Bitcoin water, without taking any big risks and still do very well out of it if the price increases and usage increases, if it doesn't he loses nothing too.
I don't expect him to be like Soros and try to move the market in his favour with massive whale buys or investments, that isn't really his style and is too risky in Bitcoin too.

[LFC_Bitcoin]

Surprised Branson hasn't begun to accept bitcoin for Virgin payments.
That'd be very bullish.
The Virgin empire is huge.
Would be great to be able to pay for Virgin holidays & flights in bitcoin.
I flew business class to Vegas from London in March, was nice.
Would have been better if I could have paid in BTC.

[ChuckBuck]

That Richard Branson is one fancy ass crazy and rich F#ck!








Shenanigans aside, as long as he backs, supports, and throws his hat in the ring repeatedly in favor of Bitcoin, Richard Branson is one of us.

[WhatTheGox]

What's more likely; all these great minds will be sat around excitedly waiting for the don himself to arrive, passing the time whilst eating a $300 packet of chocolate nuts they bought from the tiki bar because they're in affluent company and didn't want to appear cheap with a melon. Occasionally somebody will share an insightful anecdote, like how they bought "too many" 100% organic natural wool socks with bitcoins this year, much to everybody's applause. They did too. "This is it...", they think... "We're home". Then like a bat out of nowhere Branson will appear in his 3mph hot air balloon... everybody standing around in awe and oblivious to the irony, wondering if he's been around the world in it again. He'll land and shake hands with a few people, smiling broadly as always. "Bitcoin eh, lovely idea. Just smashing." And before you can say "I bought all your books!" he'll step back into his balloon for a sunset departure as everybody stands around in awe once again. The radio is on, it's Phil Collins with "In the Air Tonight". Branson will wave. They'll wave. He'll wave again. They'll wave again. "What a guy!" somebody exclaims. Cue the hot kitesurfer woman listed on the website, who steps in and becomes the Smile Man as each attendee takes his turn trying to woo her affections by talking overbearingly about the size of their blockchain etc. And with that... the end of the proceedings are reached and they are pushed out to sea in a dinghy, each several big ones out of pocket and feeling slightly bewildered but nonetheless satisfied. This is why he is a billionaire, after all.

Beautiful.

This is surely how it will go down.

This is the most certain way this meeting will be held. It pains me to see that the future of bitcoin is discussing on private island by dozen of the most influential and rich people. In the end there are no miners or general bitcoin users who will have the right to change and vote how bitcoin must change, but big fishes like Branson alone will have the only right to voice opinions. It is a little sad that it comes to this.

Well they are just working out their strategy for whatever plan they have, other people form groups in bitcoinland and do their thing.  It just sucks a little that these are all the most powerful people in bitcoin no doubt.  Also the biggest holders so probably bullish for bitcoin.

But he hasn't invested big in Bitcoin yet, so it doesn't really matter to him what the price is.

He can dip his foot in the Bitcoin water, without taking any big risks and still do very well out of it if the price increases and usage increases, if it doesn't he loses nothing too.
I don't expect him to be like Soros and try to move the market in his favour with massive whale buys or investments, that isn't really his style and is too risky in Bitcoin too.

i dont know i think its possible he is a rather large investor, do you remember that video when RB "came out" lol for the first time saying he had a little bit invested in bitcoin, this was before the $266 bubble or right after it i think.  Also he is invested in bitpay.  I would think he is a very large holder of coins wouldn't surprize me if he had 100k like winklevoss.

[Kaneki]

perhaps with the meeting could create new innovations in the world Bitcoin.

[M95]

This might actually have positive or negative results for the bitcoin worth.

[MF Doom]

Richard Branson is clearly a forward thinker.  He would be a great asset as an ambassador to bitcoin, and may help solve some of the usability issues that are hindering further adoption.  This is great news!

[acquafredda]

Looking at the list, im not sure how I feel about this.......


I need to sleep on this one.

I second that.

I don't like these things in general even if, maybe, they might be beneficial for the whole BTC ecosystem but I'll not be so sure.

[WhatTheGox]

Looking at the list, im not sure how I feel about this.......


I need to sleep on this one.

I second that.

I don't like these things in general even if, maybe, they might be beneficial for the whole BTC ecosystem but I'll not be so sure.

Anytime a new altcoin has insane success its often due to a strong central aspect whether that be the devs or some kinda group with too many coins or power lol.  It might not be pretty but it could take us to next step.

[Bitcoin Explorer]

IMO, this is a great event that might lead to amazing things.
It will be interesting to see what Paul Brody has to discuss, considering the fact that he is linked to IoT(internet of things)

[AtheistAKASaneBrain]

While I despise elitist behavior like this, which only douchebags with luck condone, I se how this could be positive for BTC publicity wise, so whatever, let it happen and I hope we benefit from it.

[sankara87]

Richard Branson s not a fool, the bitcoin is a great business.

It seems to do more to fashion and marketing, we will see.

[BillyBobZorton]

Looking at the list, im not sure how I feel about this.......


I need to sleep on this one.

I second that.

I don't like these things in general even if, maybe, they might be beneficial for the whole BTC ecosystem but I'll not be so sure.

What's scary is there are probably enough billions on that island to buy tons of BTC and create a mining monopoly that goes higher than 51%. What would happen then? Judging by the principle that BTC is a self regulated system and that after wasting that many resources you might as well not do nothing evil against it, nothing bad would happen, but some people maybe would benefit by attacking it.

[MF Doom]

Looking at the list, im not sure how I feel about this.......


I need to sleep on this one.

I second that.

I don't like these things in general even if, maybe, they might be beneficial for the whole BTC ecosystem but I'll not be so sure.

What's scary is there are probably enough billions on that island to buy tons of BTC and create a mining monopoly that goes higher than 51%. What would happen then? Judging by the principle that BTC is a self regulated system and that after wasting that many resources you might as well not do nothing evil against it, nothing bad would happen, but some people maybe would benefit by attacking it.

And then the entire decentralized nature of BTC would be pointless.  It seems like a lot is already being concentrated in the hands of a small number...

[TheButterZone]

All they need to do is coordinate amongst themselves to buy up all the volume on all BTC exchanges, and then they can set sell walls at $1 million USD/BTC (or whatever price above the highest/last limit sell they conquered), then say hello to hundreds of billions, if not trillions, of dollars in profit once they control all the liquidity (automatically buying up any later limit sells priced under their wall, so they are always the lowest ask).

[acquafredda]

All they need to do is coordinate amongst themselves to buy up all the volume on all BTC exchanges, and then they can set sell walls at $1 million USD/BTC (or whatever price above the highest/last limit sell they conquered), then say hello to hundreds of billions, if not trillions, of dollars in profit once they control all the liquidity (automatically buying up any later limit sells priced under their wall, so they are always the lowest ask).

But isn't this already possible?
This is what I'm really afraid of. And the forget about decentralization!
 

[pawel7777]

All they need to do is coordinate amongst themselves to buy up all the volume on all BTC exchanges, and then they can set sell walls at $1 million USD/BTC (or whatever price above the highest/last limit sell they conquered), then say hello to hundreds of billions, if not trillions, of dollars in profit once they control all the liquidity (automatically buying up any later limit sells priced under their wall, so they are always the lowest ask).

But isn't this already possible?
This is what I'm really afraid of. And the forget about decentralization!
 

And how would that be threat to decentralisation? Please explain.

@ButterZone, that scenario is totally unrealistic. Even if they were trying to buy it up quietly and very slowly, to cost would be huge and the risk too high. Plus, miners (and hackers) will be the lowest ask.

[TheButterZone]

Yes, it's possible, so why don't they want to make that much profit? Is there some law that says Richard Branson cannot trade BTC on exchanges, upon penalty of immediate execution without trial?

Why are you afraid of your satoshis being worth 1 US cent (or more) each? BTC is not sold only in whole units.