Why rich people with a lot of Bitcoin don't try to improve it?

[adzino]

I mean, they are so rich, they can start to mine Bitcoin, even if they lose some money they shouldn't care, they are ok with all those money they already have.
Am I wrong?
If you became rich and you are doing the dream life that everyone wants is thanks to Bitcoin, don't let him die.

Mining is not as easy as it sounds. They are too much hassle. Requires proper maintenance everyday. And why would someone do something that would make him lose money? That utterly stupid thing to do. Even though they have money, why would they waste it?

[sofi@]

I'm sure those rich people wants to do mining as mich as they could so that they will have more opportunity of earnings bitcoin but mining is not an easy thing whether how rich you are if your place as well as equipment are not good enough for mining you are only wasting your time and possibly lose a lot of money. I thinks instead of mining rich people would rather go to trading and investment.

[Olena9797]

Do you know how rich people become rich? They work hard every day, they manage theirs money and count everything they spend. Thinking that they should help to everybody and give people money cuz they are rich and somebody no is so wrong

[Vannie12]

Rich people have nothing to do with the core of bitcoins. Not unless they are part of the development team. Rich people are just a big part of the market price volality and not the slowing of transactions and transaction fees. In my own opinion rich people are just holders of amounts in btc or making profits out of it and they may cause a big dump upon selling their own btc.

[pushkarmore]

I mean, they are so rich, they can start to mine Bitcoin, even if they lose some money they shouldn't care, they are ok with all those money they already have.
Am I wrong?
If you become rich and you are doing the dream life that everyone wants is thanks to Bitcoin, don't let him die.

Rich people are not mining as they don't want to do that's it. It is not necessary for people to go for mining if they are rich and it all depends on one's interest and thinking. If people are being rich by investing and trading then why they would prefer to go for mining as mining is little bit harder game than trading. And don't worry bitcoin is not going to die, there will be up's and down's, you just need to be holding with patience for getting profit from it.

[olubams]

I mean, they are so rich, they can start to mine Bitcoin, even if they lose some money they shouldn't care, they are ok with all those money they already have.
Am I wrong?
If you became rich and you are doing the dream life that everyone wants is thanks to Bitcoin, don't let him die.

Bitcoin is not dieing at least not today. What is being faced now, are just challenges that I.believe would pass just for the core.developers to do something about it and we are good again. The reason for the increased hostilities.towards bitcoin is.largely due to the increase in the price of the forked version of bitcoin which I don't see as the lasting solution to the continued over bloating of the network just for us to keep up the faith.

[danielnamit]

Because since they are rich, what they want for their money is to earn, not to lose some part of it. So instead of investing their money in bitcoin, they invest in in more reliable partners that they can ensure that they will earn profit by just investing to it.

[aso118]

I mean, they are so rich, they can start to mine Bitcoin, even if they lose some money they shouldn't care, they are ok with all those money they already have.
Am I wrong?
If you became rich and you are doing the dream life that everyone wants is thanks to Bitcoin, don't let him die.

Bitcoin is not dieing at least not today. What is being faced now, are just challenges that I.believe would pass just for the core.developers to do something about it and we are good again. The reason for the increased hostilities.towards bitcoin is.largely due to the increase in the price of the forked version of bitcoin which I don't see as the lasting solution to the continued over bloating of the network just for us to keep up the faith.

The core developers have had a lot of time to think about it. If they had acted early, we wouldn't have seen Bitcoin's dominance drop from 80% at the beginning of the year to 40% now. If the problem is ignored even now, the slow migration to alts will continue. Beyond a point, it will become irreversible.

[Coin12]

I mean, they are so rich, they can start to mine Bitcoin, even if they lose some money they shouldn't care, they are ok with all those money they already have.
Am I wrong?
If you became rich and you are doing the dream life that everyone wants is thanks to Bitcoin, don't let him die.

What is the relation between rich amd mining to improve bitcoin? I think it has no relation in my opinion.
Mining is not improve bitcoin itself, mining just help to confirm the transaction. Mining does not help bitcoin to improve but they do mining because they like to get income from it.

[DrakeDG]

Well most of the rich people who have earned from bitcoin will not even care to help others. All they want to do is to enjoy what they have earned from bitcoin. Mining on the other hand, won't help the problem right now in bitcoin. The technology itself needs an improvements.

[btcjoin14]

Rich people have nothing to do with the core of bitcoins. Not unless they are part of the development team. Rich people are just a big part of the market price volality and not the slowing of transactions and transaction fees. In my own opinion rich people are just holders of amounts in btc or making profits out of it and they may cause a big dump upon selling their own btc.

Kind of true, there is a lot of rich people that get rich just by spending other people's money. That is how they stay rich.

[Estrath]

You are overestimating people nature. When you have tons of millions of dollars you do not care about other people and their problems. There are always '' decent '' exceptions in every field, but there is not yet so generous one in this field, I suppose

[greeklogos]

I think rich people doesn't care about such things as mining of coins. Surly they could spend some money for such investment. They prefer more sure ways for investment such as oil and buildings, but I will not surprise if they invest in crypto as well.

[bigvito19]

because they are holding it and maybe they are lazy

[splat44]

Yes normally bitcoin is one of the best technology we have now.. the early you adopt the early you'll retire early they spend a lot of time traveling enjoying their life to the fullest we in crypto nation needs to be better and help our family and relatives to change their life to the fullest.

[petrov trevor]

Everyone thinks that for someone rich, losing money is never serious, on the contrary, they are very careful never to lose, which makes them rich people.

[namor.tidal]

Some are holding and working on writing a new BIP or are in the core code. Some don't have the technical background and just want the coin to improve itself.

Honestly I wouldn't want every 'rich' person committing code to the repo but that is just me.

What are some things that one can do to improve bitcoin? here's what I can think of:
  donate to the foundation
  create a node, improve the network
  be active in the community

[SaShiRaJaVu]

Why aren't rich people trying to mine to help bitcoin? Same reason as why not all rich people donate money to charities. Some are just simply not interesting in helping others. Also, calm down. Bitcoin isn't dying; it's definitely currently sort of crippled, though.

The crippling could lead to its death if not treated properly in a proper time,that is the biggest concern,the exposure of bitcoin is huge and these difficulties are the ones presented to a new user which will deter him to use it in the future,the only thing that attracts him is the ever increasing price,
when it comes to the OP,the rich with a lot of bitcoin will do what to help bitcoin,if you have a solution i would like to hear from you.

[Low Sigma]

Mining at a loss is not the solution to solve the transaction problem. We have to think of better solution.

Exactly! Instead of throwing money out of the window by mining, a better solution would be to fund a (research)team who could work along the volunteers, like Mozilla or others.

[kengeorge21]

I mean, they are so rich, they can start to mine Bitcoin, even if they lose some money they shouldn't care, they are ok with all those money they already have.
Am I wrong?
If you became rich and you are doing the dream life that everyone wants is thanks to Bitcoin, don't let him die.

no offense but your idea with rich people are wrong.
First of all they are not charity and most of rich people work their selves to get where they are and lastly you can't force them to always help the community and the reality is some of them just always thinks the return they will get if they invest into something.