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Author Topic: I am 19. WTF Do I know?  (Read 1154 times)
kiba
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November 28, 2010, 09:02:31 PM
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Am I such a fool for believing such a crazy idea like bitcoin can succeed?

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November 28, 2010, 09:25:48 PM
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Yes, you are. You should just give me all your bitcoins and move on with your life.
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November 28, 2010, 09:44:16 PM
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You're an adult. Behave like it!
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November 28, 2010, 10:01:10 PM
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Am I such a fool for believing such a crazy idea like bitcoin can succeed?

What's so crazy about the idea? To me it seems like an obvious way of using the internet. Wasn't something like Bitcoin bound to happen sooner or later? But WTF do I know? I didn't think Wikipedia was crazy either when I first came across it in 2003.

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November 28, 2010, 10:27:39 PM
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I didn't think Wikipedia was crazy either when I first came across it in 2003.

That's an interesting analogy.

One of the predecessors of Wikipedia was Nupedia, a free encyclopedia being developed by qualified people. I didn't think it was crazy - I thought it was a great way to expand free culture.

I knew it wasn't perfect, but I couldn't articulate what needed to be fixed to make it succeed. And indeed it didn't succeed. When the notion of a wiki and an encyclopedia were joined, I knew that this one would really succeed.

Maybe it's the same with Bitcoin. It might succeed. Or maybe it's the next one that will really succeed. I reckon bitcoin has a 30% chance of making the kind of difference to the world that Wikipedia made.

Anyway, back to the topic of this post ("Re: I am 19. WTF Do I know?"), I wish I knew half as much as kiba when I was 19.
kiba
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November 28, 2010, 10:32:25 PM
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Am I such a fool for believing such a crazy idea like bitcoin can succeed?

What's so crazy about the idea? To me it seems like an obvious way of using the internet. Wasn't something like Bitcoin bound to happen sooner or later? But WTF do I know? I didn't think Wikipedia was crazy either when I first came across it in 2003.

I was a wikipedian for some time and then left. I help the comixpedia project flourished and then also left. I also created a gaming encyclopedia called Libregamewiki. My interests moved on.

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November 29, 2010, 12:00:43 AM
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Does it not seem that only crazy people believe in things like love?

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November 29, 2010, 10:54:22 AM
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Does it not seem that only crazy people believe in things like love?

I think you gotta be a little crazy to know real passion.
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November 29, 2010, 04:35:41 PM
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Eventually, something like bitcoin will succeed. Cryptocurrency is not a crazy or even new idea.

I like the comparison to Wikipedia. The money is based on trust in a method, a mathematical process, not a person or group.

Still, bitcoin has some problems which need to be solved before it can scale to a huge number of users, but I'm quite confident this will happen, this community is quite active.


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November 29, 2010, 05:42:11 PM
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Eventually, something like bitcoin will succeed. Cryptocurrency is not a crazy or even new idea.

I like the comparison to Wikipedia. The money is based on trust in a method, a mathematical process, not a person or group.

Still, bitcoin has some problems which need to be solved before it can scale to a huge number of users, but I'm quite confident this will happen, this community is quite active.



what is success? I believe it has already succeeded

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