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Author Topic: Mildly unimpressed with both MtGox and TradeHill  (Read 3801 times)
Meatpile
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July 13, 2011, 05:30:30 AM
 #41

Sorry I just feel real hostility towards the speculators, its not what bitcoin was designed for.

So you think...if I knew how to code well enough to design my own currency in such a way that I would be the #1 profiteer, I would do it, and it would look like Bitcoin.  Just like if I owned the NBA or NFL, I would want my games rigged, such that a team like the Saints would win the superbowl after some natural disaster, and the NBA's most hated team would lose in the 7th finals game to a bunch of old white guys.

That is a difficult post to understand. but I think you are saying that anything that doesn't have wild gambling driven speculation is rigged? You are going to have to explain that one.



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July 13, 2011, 05:48:47 AM
 #42

Sorry I just feel real hostility towards the speculators, its not what bitcoin was designed for.

So you think...if I knew how to code well enough to design my own currency in such a way that I would be the #1 profiteer, I would do it, and it would look like Bitcoin.  Just like if I owned the NBA or NFL, I would want my games rigged, such that a team like the Saints would win the superbowl after some natural disaster, and the NBA's most hated team would lose in the 7th finals game to a bunch of old white guys.

That is a difficult post to understand. but I think you are saying that anything that doesn't have wild gambling driven speculation is rigged? You are going to have to explain that one.






Bitcoin is purported as a better solution than traditional, centralized currency.  I agree with this.  But that doesn't mean 'Satoshi' didn't also do it to make a quick buck.  Even if he's sincere in his motive, its still a fantastic way to make a quick buck while simultaneously doing something he believes is ethical.  Much the same reason I'm a social work/psych major.  But if I didn't get paid anything, I wouldn't be a social work/psych major; it just happens to be an ethical field in which I can make a lot of money.  Rigging NBA and NFL games is another way to make a buck, and, if done right, would actually add excitement for the fans (rigging a series to go to 7 games rather than ending in 4 or 5).  I also mine/exchange bitcoins to make a buck.  The opportunity is there, and the cost for said opportunity is low (and risk is equally low if you're in the habit of day trading).

I'm just talking about opportunity-cost.  The opportunity was there for Satoshi to utilize his skills to make a buck.  Whether or not that was his intention, I don't know.  But I do know that I would do it to make a buck (or million) in an instant.  And that's why I have a bid for 200 coins at .02 USD.  I want to make a quick buck too.

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