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Author Topic: Curious why so many people are invested in Shitty bitcoin companies?  (Read 3384 times)
RodeoX
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June 19, 2013, 05:05:36 PM
 #21

 Kiss Unprofessional business > meet <  Unsophisticated investor. Huh

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richard_dein
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June 19, 2013, 08:22:37 PM
 #22

If there's a day where Bitcoins have an established strong foundation and starts to have a steady deflation, even an 1% dividend would be fantastic; definitely better than Coca Cola. Actually businesses no longer have to turn a profit to be viable. By that time though, I guess simply having BTC1 of savings would qualify somebody as rich.
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June 19, 2013, 09:17:30 PM
 #23

Why aren't the winklevoss douchebags helping out Bitcoin if they love it so much. They invested only $ in Bitinstant for profit but they could make a Bitcoin company with all their money and sell shares helping out the whole community. I bet they don't even have a wallet. Giving money to Charlie only helps Charlie. Help us all and protect your investment. List a your own Bitcoin company and trade it openly.

Bitcoin is moving away from being community owned. The venture capitalist are buying most of the critical infrastructure of Bitcoin. None of us has any shares in this company and we are losing ownership of the Bitcoin community as a whole. Essentially, it's a 1% attack.

More and more companies should do what ASICMiner did and offer shares to the community before the other big money players come in.

Thoughts?
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June 20, 2013, 05:40:57 PM
 #24

Why aren't the winklevoss douchebags helping out Bitcoin if they love it so much. They invested only $ in Bitinstant for profit but they could make a Bitcoin company with all their money and sell shares helping out the whole community. I bet they don't even have a wallet. Giving money to Charlie only helps Charlie. Help us all and protect your investment. List a your own Bitcoin company and trade it openly.

Bitcoin is moving away from being community owned. The venture capitalist are buying most of the critical infrastructure of Bitcoin. None of us has any shares in this company and we are losing ownership of the Bitcoin community as a whole. Essentially, it's a 1% attack.

More and more companies should do what ASICMiner did and offer shares to the community before the other big money players come in.

Thoughts?

Agreed. I bet many people on this forum will look back in ten years and say to themselves, "shit, I helped start the next big PayPal and didn't get a damn thing for all my effort." Just wait until the proof of work system is taken in house by some giant investor that wants to secure their investment. The little guy that helped start it all will be left out in the cold unless they fork it and start Bitcoin v2.

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June 20, 2013, 08:10:37 PM
 #25

Good question. Im not sure why as 90% of them never return your investment. You would do far better just buying BTC.

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June 20, 2013, 08:25:19 PM
 #26

There's nothing wrong with a dividend depreciating.  If someone paid you $500 a day for absolutely nothing, and gradually knocked off $10 a day, would you really care?  I sure the fuck wouldn't.  I'll stay in until I'm right down to $0/day.

The problem is you aren't getting something for nothing.  You're paying an upfront share fee so as difficulty increases but your mining power stays constant, it takes longer and longer to recoup your initial outlay much less make any gains.  Granted, the potential share price appreciation needs to be accounted for as well.

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June 20, 2013, 09:14:52 PM
 #27

It's probably worth point out that 5% return ON BITCOINS is amazing. If I could buy a low-risk asset that would give me 5% return on bitcoins... I would invest all of my bitcoins. The reason I haven't done this is that almost all of the options are very high risk... so may as well try for something that has high returns.

Bitcoins are low risk now?   This forum is great for lols.

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June 21, 2013, 12:20:46 AM
 #28

i disagree, bitcoin companies, ones that add value to the community (goods/services) instead of just transfer it (mining/gambling/trading) are barely breaking even. Well, legitimate ones that is.
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