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Author Topic: Washington Post Writer Says People Loyal to Bitcoin are "Greedy and Stupid"  (Read 1834 times)
MicroGuy
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January 20, 2016, 03:48:04 AM
 #1

~~

"What is wrong with these Bitcoin loyalists? Maybe this is why it's in so much trouble. Greed and stupidity combined "



https://twitter.com/wadhwa/status/689646576893997057

~~

While employed at Credit Suisse First Boston, the banking firm invested over $150 million dollars on a project Vivek Wadhwa was working on.

"The Internet unshackled information, Satoshi Nakamoto unshackled money. And money makes the world go round."
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January 20, 2016, 03:55:45 AM
 #2

Well, I mean... I just read a couple threads down that this guy had essentially called bitcoin a "technology that could change the world"
https://www.washingtonpost.com/news/innovations/wp/2015/12/28/2015-was-a-tipping-point-for-six-technologies-which-will-change-the-world/

I think this guy is holding bitcoin and causing FUD to get cheap coins.  I think he is trying to capitalize on the revelations that Hearn supposedly "dumped" his coins, and trying to make the price collapse even further, so he can essentially accumulate cheap coins... maybe because he thinks that it will shoot up in price during the halving season.

Idk, I think this guy is obviously as "stupid" and "greedy" than anyone else I've seen on here.

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January 20, 2016, 04:02:22 AM
 #3

Same could be said for fiat Loyalists, humans are all greedy and stupid for sure  Grin

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January 20, 2016, 04:05:02 AM
 #4

...

I liked Tiraspol's reply to Wadhwa.  Smiley

I don't think anybody is really in a position to declare that Bitcoin is dead or dying yet.  It has grown from nothing to something fairly substantial, and no one really knows how much it will grow in the coming years...

(My prediction would be worth less than zero)

Many of us hanging on (HODLing) BTC may be "loyal", "greedy" or even "stupid", but who is this guy to say that?  He perhaps reveals more of himself than he intends...
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January 20, 2016, 04:16:00 AM
 #5

All people are greedy and stupid by the nature and the only difference is the level of greediness and stupidity. I don't find any interesting in his statement, i think he have lost some bitcoin while trying to profit from it being greedy.  Grin

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January 20, 2016, 04:28:04 AM
 #6

Not for nothing, but the first time I stumbled upon bitcointalk, I was blown away by both the stupidity and greed of a lot of its members, so this dude's comments don't surprise me in the least.  Stupid for supporting bitcoin?  Nah.  Stupidity in other ways?  Hell yes.  And greedy?  Oh my.


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January 20, 2016, 05:56:26 AM
 #7

Yeah I agree with the others. Everyone in the community is either a trader, either a currency investor, either a technology investor, either someone who wants to protect their money from inflation. Some of us are even all four combined. Which means that we indeed are greedy. A nice part of the world is greedy. Not all of it though. But the bitcoin community is full of greedy people. That's a fact.
Now yes, a nice cut of the bitcoin community doesn't look smart to me either. Sometimes I wonder if it's the same in Wall Street. I mean, yeah it would seem natural that anyone greedy would like to try investing and/or trading, regardless of their mental capabilities.

So yeah, this Vivek Wadhwa is not completely wrong. I mean, yes, we're all greedy, that's one thing, and there also are dumbasses in our greedy ranks. Where he's wrong is when he assumes that any bitcoin loyalist must necessarily be a dumbass. Price manipulation again, as someone said earlier? Maybe.
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January 20, 2016, 06:22:36 AM
 #8

Well, I mean... I just read a couple threads down that this guy had essentially called bitcoin a "technology that could change the world"
https://www.washingtonpost.com/news/innovations/wp/2015/12/28/2015-was-a-tipping-point-for-six-technologies-which-will-change-the-world/

I think this guy is holding bitcoin and causing FUD to get cheap coins.  I think he is trying to capitalize on the revelations that Hearn supposedly "dumped" his coins, and trying to make the price collapse even further, so he can essentially accumulate cheap coins... maybe because he thinks that it will shoot up in price during the halving season.

Idk, I think this guy is obviously as "stupid" and "greedy" than anyone else I've seen on here.

Or maybe he's holding some ETH/Dash and he's hoping it will replace BTC.   Wink
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January 20, 2016, 06:25:20 AM
 #9

Unfortunately, I agree with him.

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January 20, 2016, 06:55:29 AM
 #10

He just proved everyone how stupid he is. Were all loyal to Bitcoin due to the fact that we see how great it is and what potential is has in order to improve even further from how unique it is but most uneducated people still don't get it mainly due to the fact that education wasn't thought to them correctly in order to see what we all see.
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January 20, 2016, 07:42:16 AM
 #11

The first huge wave of "Greedy and Stupid" people came in ~ a month after I joined.
Those first 4 weeks were so good, it's too bad we can never go back.


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January 20, 2016, 07:46:05 AM
 #12

Not for nothing, but the first time I stumbled upon bitcointalk, I was blown away by both the stupidity and greed of a lot of its members, so this dude's comments don't surprise me in the least.  Stupid for supporting bitcoin?  Nah.  Stupidity in other ways?  Hell yes.  And greedy?  Oh my.

The fact that it is a public forum means that you also get a good representation of the avarage person in the world (atleast those that are interested in bitcoin).

This automatically means that you also get the stupid and greedy people.

The people that have stuck around here for two years during price declines, I would not call those stupid or greedy.

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January 20, 2016, 07:55:27 AM
 #13

I'm not really surprised that some random writer of an important newspaper for once decides to make a stupid post just to create attention around his newspaper using fake news or with being offensive, just for quote something that happened only on italy, Repubblica.it made an article about the bankrupt of bitcoin when on reality was only the organization was going on bankrupt and not the coin itself (otherwise we couldn't be here to talk about bitcoin and other coins).

Anyway to answer back to this post writter, people who supports bitcoin aren't exactly stupid at the end but are for sure greedy of money (but not everybody, let's make it clear before a riot starts and who knows how it will end) because XT/Unlimited showed it clear as sun, but still after all he doesn't really writes the motives because twitter message limit stops any kind of critics that could be accepted by everyone because you can't write the whole thing and at the end as i told before, it looks like just a bait to make news against bitcoin, we only have to ignore it and move on

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January 20, 2016, 07:56:11 AM
 #14

funny because out there there are still those that are loyal to fiat system, do he think those guy are less greedy than those holding bitcoin? when we see everyone new coming here just for quick buck? don't make me laugh
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January 20, 2016, 08:02:22 AM
 #15

The banker elite: the greediest pigs ever seen.

Instead of putting their wealth for a noble cause like clearing the narcos in mexico, they try to crash Bitcoin.
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January 20, 2016, 08:06:33 AM
 #16

This Vivek Wadhwa is the worst. It is obvious where his bias lies but he's still so defensive about his position and surprised when supporters of Bitcoin call him out on bullshit by calling them more names.

Why greedy? Because we see potential in a non-fiat currency?

Why stupid? If people here were really losing that money or didn't believe in what Bitcoin has to offer, they wouldn't still be here.
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January 20, 2016, 08:13:54 AM
 #17

It's funny because that is us. No offense. Roll Eyes

But what is wrong for being a Bitcoin loyalists?
What about those fiat loyalists? They are not greedy and stupid?

Life sucks.
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January 20, 2016, 08:20:46 AM
 #18

Well, I mean... I just read a couple threads down that this guy had essentially called bitcoin a "technology that could change the world"
https://www.washingtonpost.com/news/innovations/wp/2015/12/28/2015-was-a-tipping-point-for-six-technologies-which-will-change-the-world/

I think this guy is holding bitcoin and causing FUD to get cheap coins.  I think he is trying to capitalize on the revelations that Hearn supposedly "dumped" his coins, and trying to make the price collapse even further, so he can essentially accumulate cheap coins... maybe because he thinks that it will shoot up in price during the halving season.

Idk, I think this guy is obviously as "stupid" and "greedy" than anyone else I've seen on here.
Lol. How ironic. Very predictable though. A revolutionary currency, who wouldn't say it could change the world. I have.

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January 20, 2016, 09:39:39 AM
 #19

Who is the stupid in this story can be understood easily by everyone who have some knowledge about bitcoin (not to much) or who want to learn some things about it (the same that needed to be known by the firsts). It is enough to do a simple search in google and find news about it in time. For sure will find articles (and not few) about its situation after the bankruptcy of MtGox. Its price go from 1200 us dollar to around 100 us dollar. It was a tremendous shock even for the most believers of it. In parentheses I can tell that I bought bitcoin on that time. I believe on it not only as a currency (even this is its primary role) but in its technology. I know that he may have problems as a product or invention, but I know even that its technology is totally able to repair these in every moment or at least, in time. Closing the parentheses and continuing with the true stupid in this story, who find such news understand that cannot be more stupid, idiot and ignorant expression like this one:"The price of Bitcoin fell 10 percent in a single day on the news, a sad result for those who are losing money on it." which can be found at the first paragraph of the article of this idiot who have write it. So bitcoin was able to survive after a loss of more than 1000% on its price (and achieve after an increase of more 450%) and was declared dead from the idiot of the above words only after a decrease of 10%. For more feeling even sorrow (for sure ironically) for its holders. Are only these the knowledge who need everyone to understand who is the idiot in all this story. The Harvard guy (what a shame for this honorable institution to have such products in this list) or them who know that the normal movement of the price of bitcoin within a day (if "he" want to play) can go much more than that 10% and the movement within this amount of its price is only an everyday joke of it?
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January 20, 2016, 09:43:58 AM
 #20

Well, I read this forum a lot, I haver to agree with the guy.

Too much stupidity around...

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