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Author Topic: Mark Cuban doesn't believe in bitcoin but wants to invest the competitor  (Read 4640 times)
BittBurger
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November 22, 2013, 06:59:25 PM
 #21

Guys,

Read what he's actually saying.

He saying you never buy the first version of anything because it's full of bugs.

He's making no comment about Bitcoin itself. He's make a generalized statement about waiting until the second model of a brand-new car before you buy it. He's basically just conveying good common sense.

The flaw in his logic is the Bitcoin has new versions within itself…

I agree with your assessment there, Bitt, but he failed to extrapolate on what it is about bitcoin that he feels is lacking and will cause it to be surpassed by a competing coin

Because he's not talking about Bitcoin specifically. He's talking about not investing his money in the first version of a brand-new technology. Therefore he probably has no comment on Bitcoin itself. He's just passing on it because first versions of major paradigm changes often are inferior to second versions.

He didn't say he's going for an existing competitor.  He said he's going for what will be invented next, in response to Bitcoin, whatever that may be, because the implication is that it will be superior.

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superduh
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November 22, 2013, 07:22:45 PM
 #22

Guys,

Read what he's actually saying.

He saying you never buy the first version of anything because it's full of bugs.

He's making no comment about Bitcoin itself. He's make a generalized statement about waiting until the second model of a brand-new car before you buy it. He's basically just conveying good common sense.

The flaw in his logic is the Bitcoin has new versions within itself…

I agree with your assessment there, Bitt, but he failed to extrapolate on what it is about bitcoin that he feels is lacking and will cause it to be surpassed by a competing coin

Because he's not talking about Bitcoin specifically. He's talking about not investing his money in the first version of a brand-new technology. Therefore he probably has no comment on Bitcoin itself. He's just passing on it because first versions of major paradigm changes often are inferior to second versions.

He didn't say he's going for an existing competitor.  He said he's going for what will be invented next, in response to Bitcoin, whatever that may be, because the implication is that it will be superior.


true but people can still be holding out for the new tcp/ip, http etc. it's a risk regardless

ok
dominicwin
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November 22, 2013, 07:38:41 PM
 #23

From his short tweet, it also seems he is simply looking at Bitcoin as a technology which is not the case anymore, even more so now.
Twitter's and iPhones don't have senate hearings and banking commission panels.

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Austrian GOLD 1oz PHILHARMONICS -  https://bitcointalk.org/index.php?topic=330401.0
BUYING BTC HERE https://bitcointalk.org/index.php?topic=334920.0
Alty
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November 22, 2013, 07:44:16 PM
 #24

Kevin O'Leary from Shark Tank said he invests 5% of his wealth into physical gold.

Perhaps he will chose Goldcoin when/if he decides to jump in!  Grin
beetcoin
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November 22, 2013, 07:45:35 PM
 #25

i think he just might be upset that he was so late to the game... or at least he is not someone who really states logic for his reasoning very well.
Raoul Duke
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November 22, 2013, 07:46:56 PM
 #26

Who?
Gwapo
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November 22, 2013, 07:50:21 PM
 #27

Cuban is right.....BTC may be number 1 right now but in the future an "alt" coin will take the throne.
to much controversy and problems associated with btc plus all the lost coins over the years
btc is merely IMHO a stepping stone to whats next
superduh
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November 22, 2013, 07:51:32 PM
 #28

Cuban is right.....BTC may be number 1 right now but in the future an "alt" coin will take the throne.
to much controversy and problems associated with btc plus all the lost coins over the years
btc is merely IMHO a stepping stone to whats next

says the guy who signed up last week Cheesy

ok
dominicwin
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November 22, 2013, 07:52:03 PM
 #29

Who?

haha Shark Tank guy! Granted I had no idea who he was until I watched the show.

CUBAN CIGARS for Sale - Full Boxes and Individual Cigars https://bitcointalk.org/index.php?topic=299151.0
Austrian GOLD 1oz PHILHARMONICS -  https://bitcointalk.org/index.php?topic=330401.0
BUYING BTC HERE https://bitcointalk.org/index.php?topic=334920.0
Gwapo
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November 22, 2013, 07:58:43 PM
 #30

Cuban is right.....BTC may be number 1 right now but in the future an "alt" coin will take the throne.
to much controversy and problems associated with btc plus all the lost coins over the years
btc is merely IMHO a stepping stone to whats next

says the guy who signed up last week Cheesy

November 13, 2012,
superduh
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November 22, 2013, 08:04:03 PM
 #31

Cuban is right.....BTC may be number 1 right now but in the future an "alt" coin will take the throne.
to much controversy and problems associated with btc plus all the lost coins over the years
btc is merely IMHO a stepping stone to whats next

says the guy who signed up last week Cheesy


Says the guy that cant fucking read


join date:November 13, 2012, lurked longer

correct, i fucked up Cheesy

ok
LiteCoinGuy
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November 22, 2013, 09:12:50 PM
 #32

maybe he dont know Litecoin  Tongue    Wink

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