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Izerian
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April 08, 2013, 07:20:17 PM
 #1

http://www.bloomberg.com/video/bitcoin-market-represents-greed-analyst-says-X9C8_Bn2Tayvd_l46IYx2g.html

Basically says bitcoin hoarders all fueled by greed.

Skip to 3:59 for the bitcoin chat.
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wopwop
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April 08, 2013, 07:25:25 PM
 #2

thought that was pretty obvious

or did someone think we are all junkies buying on silkroad?
Izerian
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April 08, 2013, 07:27:40 PM
 #3

thought that was pretty obvious

or did someone think we are all junkies buying on silkroad?

Envy probably, who knows.
alexeft
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April 08, 2013, 07:35:30 PM
 #4

I would bet that when email was invented, there were people like him telling others how useless it was !!!  Cheesy
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April 08, 2013, 07:39:12 PM
 #5

The fun part is = no shock breakers (other than the infamous Gox lag).

This so called 'Crash' would be over before you know it, because its a totally free market. In essence, it would be a good thing for Bitcoin.

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fivemileshigh
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April 08, 2013, 08:05:23 PM
 #6

Greed is good.
gollum
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April 08, 2013, 08:08:29 PM
 #7

Greed is good.


Yes if you are not the greatest fool in the game  Smiley
Rincewind
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April 08, 2013, 08:10:20 PM
 #8

I'm not hoarding or fuelled by greed, it's just that the things I buy with bitcoins only cost 0.157BTC today, so it's taking me a whole lot longer to float what I've got.  Tongue

"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary."
-- H.L. Mencken (1918)
glub0x
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April 08, 2013, 09:31:19 PM
 #9

loved the "it's not a buble when you make money, it's a buble when it burst".
We agree on that Smiley

The cost of mediation increases transaction costs, limiting the
minimum practical transaction size and cutting off the possibility for small casual transactions

Satoshi Nakamoto : https://bitcoin.org/bitcoin.pdf
herzmeister
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April 08, 2013, 10:05:31 PM
 #10


or did someone think we are all junkies buying on silkroad?

what's the difference  Wink

https://localbitcoins.com/?ch=80k | BTC: 1LJvmd1iLi199eY7EVKtNQRW3LqZi8ZmmB
Elwar
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April 08, 2013, 10:59:34 PM
 #11

Yet again, the reason there are rich people and poor people persists.

It is all by choice.

The poor choose poverty over the unthinkable, "greed".

Get involved in the world's first seastead: http://www.varyon.io
gollum
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April 08, 2013, 11:12:55 PM
 #12

Gordon Gekko:
Teldar Paper, Mr. Cromwell, Teldar Paper has 33 different vice presidents each earning over 200 thousand dollars a year.
Now, I have spent the last two months analyzing what all these guys do, and I still can't figure it out.
One thing I do know is that our paper company lost 110 million dollars last year, and I'll bet that half of that was spent in all the paperwork going back and forth between all these vice presidents. The new law of evolution in corporate America seems to be survival of the unfittest. Well, in my book you either do it right or you get eliminated. In the last seven deals that I've been involved with, there were 2.5 million stockholders who have made a pretax profit of 12 billion dollars. Thank you. I am not a destroyer of companies. I am a liberator of them!

The point is, ladies and gentleman, that greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA. Thank you very much.
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