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Author Topic: How hard would it be to pitch a bitcoin investment on "Shark Tank"/"Dragons Den"  (Read 4112 times)
BitcoinBabe
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July 06, 2011, 05:07:06 AM
 #21

Sure, a guy offered them a share in his poker winnings once, but are you going to give them a share of 21 million bitcoins? How, and by whose authority?

You're making this way too complicated. You get a share in the twenty on million bitcoins every time you buy one. You get a 1/21,000,000th of the total BTC economy.  You need nobody's authority. You just need a seller.

Devil's advocate. They'll ask this if the question as to the ownership of the "idea" that is being pitched to them comes up.

It would be very easy to go into the Den and come off as boiler room salesmen, except selling currency instead of penny shares. Why bitcoin, why not FRN? That could use some help right now as the US govt is having to buy as other nations withdraw from taking more on.

And is the popularity of BTC to be gained by promoting it as an investment or as a usable currency? If it's as a usable currency, then these shows are not such a good idea.


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July 06, 2011, 05:14:16 AM
 #22

Sure, a guy offered them a share in his poker winnings once, but are you going to give them a share of 21 million bitcoins? How, and by whose authority?

You're making this way too complicated. You get a share in the twenty on million bitcoins every time you buy one. You get a 1/21,000,000th of the total BTC economy.  You need nobody's authority. You just need a seller.

Devil's advocate. They'll ask this if the question as to the ownership of the "idea" that is being pitched to them comes up.

It would be very easy to go into the Den and come off as boiler room salesmen, except selling currency instead of penny shares. Why bitcoin, why not FRN? That could use some help right now as the US govt is having to buy as other nations withdraw from taking more on.

And is the popularity of BTC to be gained by promoting it as an investment or as a usable currency? If it's as a usable currency, then these shows are not such a good idea.

That's a valid point. You could sell them on a particular merchant client such as bit-pay. It could be the next Mastercard and the pitch would still promote bitcoin.  What we really, really don't need are more miners- particularly ones looking to sell coins for dollars rather than to spend them.

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BitcoinBabe
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July 06, 2011, 05:46:43 AM
 #23

Sure, a guy offered them a share in his poker winnings once, but are you going to give them a share of 21 million bitcoins? How, and by whose authority?

You're making this way too complicated. You get a share in the twenty on million bitcoins every time you buy one. You get a 1/21,000,000th of the total BTC economy.  You need nobody's authority. You just need a seller.

Devil's advocate. They'll ask this if the question as to the ownership of the "idea" that is being pitched to them comes up.

It would be very easy to go into the Den and come off as boiler room salesmen, except selling currency instead of penny shares. Why bitcoin, why not FRN? That could use some help right now as the US govt is having to buy as other nations withdraw from taking more on.

And is the popularity of BTC to be gained by promoting it as an investment or as a usable currency? If it's as a usable currency, then these shows are not such a good idea.

That's a valid point. You could sell them on a particular merchant client such as bit-pay. It could be the next Mastercard and the pitch would still promote bitcoin.  What we really, really don't need are more miners- particularly ones looking to sell coins for dollars rather than to spend them.

Exactly! Bit-pay, bit bills, bitcard...

You couldn't just stroll in there and say buy bitcoins! Something to both promote BTC and ease its use for the masses would be ideal. Yes, you'd have to promote the wonderful uses/potential of BTC to pitch the venture (you'd also have to be prepared to counter the stupid argument that it's only been used so far to pay for porn and drugs - which shouldn't be too difficult as all currencies share this negative aspect).

And going in there asking them to sink $1m into mining BTC could, as I mentioned above, eventually lead to monopoly or cartels i.e. centralization!

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