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Author Topic: 2013-06-14 Financial Times - The Bitcoin believers.  (Read 2972 times)
gweedo
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June 15, 2013, 07:09:23 PM
 #21

As to the opening statement "I want to be rich" he did right by me. I say that ALL THE TIME, I've been an aspiring entrepreneur for almost 10 years http://money.cnn.com/2006/10/16/smbusiness/kid_entrepreneurs/ and as a soon to be college grad I am risking everything i own financially in an effort to start a business and "make it" you know "The american dream and all......"

The American dream? This is bitcoin and you should never risk everything you own to start a business. That is just being dumb. You should bootstrap your business as much as you can. Your probably going to fail the first company. Trust me I failed at 3 companies, one site pays for itself, and the other I sold. These were just in the bitcoin space. You have to go with that attitude that you will fail, and if you succeed, you will be working to make sure you stay at the top. Another thing that bitcoin companies have to deal with, is to know you may not have any funds the next day. Bitcoin is very young, it could go to 0, is it likely no. But I wake up every day knowing my wealth could be gone tomorrow and I am actually starting another company so it even scares me more. I always hedge, I actually have about a quarter of my wealth in dollars just incase.

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June 16, 2013, 04:07:09 AM
 #22

Many people want to get rich, you know?
It's not a bad idea for Bitcoin's adoption to make people rich. The whole hyper-deflationary thing built in is only made to reward the early adopters and I still think you are pretty much an early adopter getting in now.
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June 16, 2013, 01:17:30 PM
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I see what you're saying but it does feel a bit depressing if the unscrupulous keep exploiting people and do well off it. I'm hoping Bitcoin will empower more people. Most people are good.
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June 16, 2013, 03:49:02 PM
 #24

Without the opportunity for some to get rich from bitcoin, there is no bitcoin.
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June 16, 2013, 06:39:46 PM
 #25

Without the opportunity for some to get rich from bitcoin, there is no bitcoin.

Do you really think this? Cause you are very wrong.

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June 16, 2013, 06:47:17 PM
 #26

Without the opportunity for some to get rich from bitcoin, there is no bitcoin.

Do you really think this? Cause you are very wrong.

Greed is a driving force.

Some people are here to use BTC as money/capital and to thus profit. Others just want to fuck over banks.

I currently think greed is the driving force in people joining the bitcoin community, but do you think in the beginning people like Mike Hern, Gavin, Theymos, you think in 2010 they were all here because of greed? The way the question is said it sounds like he thinks if in 2009-2010 no one would become involved without greed, and I feel that is just a bad statement.

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June 16, 2013, 08:51:12 PM
 #27

You talk for three hours to a reporter and see how they use your words. It's easy to criticize, its FAR harder to actually try and contribute. Please if you wish to put yourself out there and be an active part of the community email me and I'll help you the best I can. Maybe you can do better than I.

THIS. Had my own experience of organizing a festival built around comics and anime, going to great lenghts to point out to the reporters that the point of the festival is to show people that Comics are not only Batman and Superman. They shoot tons of footage. Then they go ahead and talk only about Batman and Superman for the whole time of the report.

It's all bullshit. But bullshit makes the flowers grow and that's beautiful.
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June 16, 2013, 10:37:46 PM
 #28

Without the opportunity for some to get rich from bitcoin, there is no bitcoin.

Do you really think this? Cause you are very wrong.

Greed is a driving force.

Some people are here to use BTC as money/capital and to thus profit. Others just want to fuck over banks.

I currently think greed is the driving force in people joining the bitcoin community, but do you think in the beginning people like Mike Hern, Gavin, Theymos, you think in 2010 they were all here because of greed? The way the question is said it sounds like he thinks if in 2009-2010 no one would become involved without greed, and I feel that is just a bad statement.

Not no one, but man, go back and read the posts form 2009 and 2010. So many people in 2010 bitched about how they missed the money boat!

I often think it would have been so nice if we had invested earlier.  But then people might be saying in a year "I wish we would have invested in 2013!"  I suppose greed does drive some of the growth.  I know that as the prices began to skyrocket I was worried about missing out on the increase and threw some more money in.  Thankfully I have not really lost any money investing in BTC when it all averages out but unfortunately, I lost most of my gains too.  I could cry and walk away or just realize we are still in the early stages of something with great potential and hang on for a wild ride.  I am choosing to do the latter and if I make gains, great.  If I lose all I invested, oh well.  I did not invest more than I could afford to lose so it really is not a big deal.

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BitChick
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June 16, 2013, 10:42:54 PM
 #29

You talk for three hours to a reporter and see how they use your words. It's easy to criticize, its FAR harder to actually try and contribute. Please if you wish to put yourself out there and be an active part of the community email me and I'll help you the best I can. Maybe you can do better than I.

THIS. Had my own experience of organizing a festival built around comics and anime, going to great lenghts to point out to the reporters that the point of the festival is to show people that Comics are not only Batman and Superman. They shoot tons of footage. Then they go ahead and talk only about Batman and Superman for the whole time of the report.

Then, as we can see this weekend, another Superman movie is made and it has record breaking box office sales, even though it is just another Superman movie!  The same story we have seen over and over and over again!  I am with you.  There are so many great comics out there but I guess people like what they are familiar with.  Hence why the growth of BTC is going to be a slow process to become mainstream.

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ErisDiscordia
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June 17, 2013, 08:26:09 AM
 #30

Then, as we can see this weekend, another Superman movie is made and it has record breaking box office sales, even though it is just another Superman movie!  The same story we have seen over and over and over again!  I am with you.  There are so many great comics out there but I guess people like what they are familiar with.  Hence why the growth of BTC is going to be a slow process to become mainstream.

Our culture pretty much raises people who fear the unfamiliar (neophobes) and like easy definitions and labels.

BTC does have a big advantage over obscure comics, though. People can figure out various ways how using BTC can be advantageous for them. When it comes down to personal profit I find that people often go from being their usual close-minded self to being open to all sorts of ideas  Grin

It's all bullshit. But bullshit makes the flowers grow and that's beautiful.
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June 17, 2013, 04:42:00 PM
 #31

[When it comes down to personal profit I find that people often go from being their usual close-minded self to being open to all sorts of ideas  Grin

There is hope for Bitcoin then.   Wink

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