Max Keiser and the Rise of Bitcoin Demagogues

[crazy_rabbit]

This thought came to mind when I started to notice the publicity that Max Keiser is getting online and in the press for Bitcoin.

I don't know enough about Mr. Keiser to comment on him particularly, but it occurred to me that we are potentially entering a period of time when Bitcoin "Demagogues" might begin to rise- profiting off of the publicity and the success of bitcoin.

The community that's been around for a bit longer will recount how paranoid we have been in alternating periods about Gavins stewardship of the code, but I think that paranoia should pale in comparison to the threat that real demagogues might pose to bitcoin. Max Keiser himself aside, there could be a significant danger, both real and existential, from any one individual that the 'outside world' might begin to identify as the face, or worse, "oracle" of bitcoin.

Being that Bitcoin is Open source, and thus like money- there is probably very little we can do about it. However those whom have been around even longer will remember acutely how the development of the internet was hijacked by corporate money once it's true potential became both obvious and inevitable.

Of course, not that I wouldn't mind some "Oracle" taking bitcoin to the moon and making us all millionaires, but it is reasonable to fear that just such a profit incentive might induce us to be complicit parties, or worse- the Bitcoin Foundation to be a complicit party.

Demagogues are a dangerous and inevitable product of fear and financial insecurity. Mix the current world economic situation with something that over-promises as much as Bitcoin does, and you're driving your Bitcoin Porsche drunk down the economic super highway.


(To Mr. Keiser, if he is reading this- honestly, i'm not talking about you, just using your success in the press as a growing face of bitcoin as an example. By all means- help make us millionaires.)

[Chucksta]

Max Keiser: I'm a fan of his Russia Today show, mainly as a means to wake up in the morning He is enthusiastic about his views to the Max Very enjoyable.

In his last/recent show he said that Bitcoin will go up to $2700 in the not too distant future. He also said that he had predicted it to got to $175, and it has passed that now.

I'm one of those, probably one of many, who looked at those Avalon machines that were shipped last year, and just ummed and arred on investing in one or more a tad too long and missed the boat. But never mind, the miners I have, have been paying for my social life and holidays, so need to keep looking on the bright side of it all. Keep on mining :-)

[crazy_rabbit]

....

In his last/recent show he said that Bitcoin will go up to $2700 in the not too distant future. He also said that he had predicted it to got to $175, and it has passed that now.

....

Thus begins the "oracle" part.

[Zaih]

Saw this. Really exciting news imo

[Jobe7]

Anyone who tries to state themselves as anything similar to an 'Oracle' of bitcoin, etc, is putting themselves on the target board. Hence why Satoshi disappeared (and why Max has denied repeatedly having anything to do with btc setup).

It's generally not healthy to put yourself too far above the trenches like JFK and previous Presidents before him have done. It's one thing being in the trenches with everyone else shouting, its another thing rising up and charging head first into enemy lines.

[crazy_rabbit]

Anyone who tries to state themselves as anything similar to an 'Oracle' of bitcoin, etc, is putting themselves on the target board. Hence why Satoshi disappeared (and why Max has denied repeatedly having anything to do with btc setup).

It's generally not healthy to put yourself too far above the trenches like JFK and previous Presidents before him have done. It's one thing being in the trenches with everyone else shouting, its another thing rising up and charging head first into enemy lines.

I think your missing the mindset of demagogues. They are the "Best defence is an offence" type of crowd. They put themselves on the target board specifically to take out all the targets on their own target board. And the rising up and charging head first into enemy lines? If you read "War and Peace" Tolstoy does a pretty good job of explaining why men follow other men into danger. It's a very unique phenomenon.

[herzmeister]

I believe Max is largely responsible for the start of the current long time rally. He suddenly began to push it immensely. 90% of his tweets have been about Bitcoin for a while.

But I trust he knows what he's doing. He's fully aware of the influence he has on the value. He's now talking about having venture capitalists on-board, which he may intend to use to counterbalance potential panic sell-offs in the near future.

[crazy_rabbit]

I believe Max is largely responsible for the start of the current long time rally. He suddenly began to push it immensely. 90% of his tweets have been about Bitcoin for a while.

But I trust he knows what he's doing. He's fully aware of the influence he has on the value. He's now talking about having venture capitalists on-board, which he may intend to use to counterbalance potential panic sell-offs in the near future.

So I guess I was too late with this thread, huh?

[lebing]

I've been watching Keiser for years. .. checkout some of his earlier stuff:

http://www.youtube.com/watch?v=G1ga23DIAo8

^ Around 2:22 for Max... but watch the bit before because it shows you the contrasting views between the sheep traders and Master Keiser.

haha wow, same crazy talking shit wearing a bowtie guy 25 years ago.

[herzmeister]

So I guess I was too late with this thread, huh?

He may "pump" but he doesn't intend to "dump". As he ravages against the central banking system all the time, I feel he believes Bitcoin needs a strong backing in capital to be ready for the fight.

[crazy_rabbit]

So I guess I was too late with this thread, huh?

He may "pump" be he doesn't intend to "dump". As he ravages against the central banking system all the time, I feel he believes Bitcoin needs a strong backing in capital to be ready for the fight.

If he makes us all rich- I guess I can't complain.

[Chet]

Max is certainly a schemer but I don't think he is a scammer.
He tried to kill jpmorgan pushing silver a while back. At least he seems to actually understand bitcoin, a lot  more than can be said for a lot of the 'media'.

[BTC Books]

So I guess I was too late with this thread, huh?

He may "pump" but he doesn't intend to "dump". As he ravages against the central banking system all the time, I feel he believes Bitcoin needs a strong backing in capital to be ready for the fight.

Yes.  Above all else, Max is political.  And as I'm in alignment with most of his opinions on the banksters (his word, by the way), I suppose I'm biased.

Still though - his heart is clearly in the right place.

[kangasbros]

He may "pump" but he doesn't intend to "dump". As he ravages against the central banking system all the time, I feel he believes Bitcoin needs a strong backing in capital to be ready for the fight.

I don't see how pumping more and more money into bitcoin gives it stronger backing. I believe that much better backing is provided with products, services, software & technology.

Simplifying: if there is only one exchange, it doesn't matter what the bitcoin valuation is, it is similarly easy to take down. Then again, if we have thousands of exchanges, it is quite difficult to take bitcoin down.

[antibanker]

Max does a good job awakening a few sheeple to reality of financial terrorism.

bitcoin will suck up all fiat money in the world and then implode in one huge fireball

taking down humanity with it!

lets pray for that to happen asap!

[proudhon]

@maxkeiser: "I have a personal goal of getting hedgies involved to drive BTC to $1,000. | For non-US res. Exante.eu can hook you up with BTC ($100K min.)"

This is going to ruin bitcoin.

[CasinoBit]

Better be a bitcoin demagogue than a political demagogue, it's evolution regardless. I bet Satoshi could predict this happening since the early days.

[antibanker]

Keiser rocks!

even Peter Schiff tries to imitate him.

[herzmeister]

I don't see how pumping more and more money into bitcoin gives it stronger backing. I believe that much better backing is provided with products, services, software & technology.

It's not about one more or less site offering camel socks. There's a friggin currency war out there!

[pretendo]

This is going to ruin bitcoin.

I guess this is good news coming from someone who has never had a correct prediction