The inevitable collapse of hubris

[Buffer Overflow]

I want bitcoin to succeed so everyone can be rich.

Not sure how that's possible? Tell us more...

[shmadz]

I want bitcoin to succeed so everyone can be rich.

Not sure how that's possible? Tell us more...

Point Taken. It's not possible for everyone to be rich. In fact if bitcoin were to succeed and we were to cut out the international banking cartel, those that benefit from the current system that would stand to lose a great deal, but in the long run I think that most people would be richer.

[ElectricMucus]

I want bitcoin to succeed so everyone can be rich.

Not sure how that's possible? Tell us more...

Point Taken. It's not possible for everyone to be rich. In fact if bitcoin were to succeed and we were to cut out the international banking cartel, those that benefit from the current system that would stand to lose a great deal, but in the long run I think that most people would be richer.

Those who benefit from the current system will also never support Bitcoin, you've said it yourself.
And that group is larger than you think. Not only in terms of wealth and political influence but also in terms of the number of people.

When it comes down to it only people who attribute themselves to Libertarianism think they don't or can't benefit.

[CoinGeneral]

I want bitcoin to succeed so everyone can be rich.

Not sure how that's possible? Tell us more...

He means everyone in Bitcointalk, not everyone as in literally, everyone.

[piramida]

OP sold at $380, now he is mad. *oink oink* piff paff wing wang..

No, this particular troll sold everything (not much) back at $20 when it was "overpriced" and now is just spitting his useless poison around, crying about how the whole world is dumb. You know the type. They don't realize who is actually dumb here, never will.

[smoothie]

Revans = Proudhon 2.0? Lol

[accord01]

I'm just happy I am not down overall like a lot of people.

[piramida]

Revans = Proudhon 2.0? Lol

Hey, I liked proudhon and never ignored his posts! So no, this one here does not belong to "bears with integrity" club.

[revans]

OP sold at $380, now he is mad. *oink oink* piff paff wing wang..

No, this particular troll sold everything (not much) back at $20 when it was "overpriced" and now is just spitting his useless poison around, crying about how the whole world is dumb. You know the type. They don't realize who is actually dumb here, never will.

Evidence?

[bitrider]

Revans = Proudhon 2.0? Lol

Hey, I liked proudhon and never ignored his posts! So no, this one here does not belong to "bears with integrity" club.

Agreed. Not fair to Proudhon who served us well.

This OP guy is just angry and mean. He is so negative and hostile, I had to smile. Is he for real? And what's he still doing here? Almost a cartoon of a hurt, angry bear.



OP - get well soon.

[piramida]

And what's he still doing here? Almost a cartoon of a hurt, angry bear.

He can't stop

[Roccker]

Anyone still believes it goes under 580 in the next 2 weeks?

[Peter R]

I don't usually read revans' threads, but when I do, I'm prefer to find a diamond in the rough.

I'm not sure hoping that speculators lose everything is a particularly kind world view.  It's rather destructive to the soul.

Totally destructive to the soul. I don't want bitcoin to succeed because I want to be rich, I want bitcoin to succeed so everyone can be rich.

a) the success of Bitcoin has nothing to do with people becoming rich.
b) everyone in that means everyone into the get rich quick cult.
c) the only people who actually got rich out of hoarding Bitcoins are those who already cashed out, there isn't enough money so that everybody can do it, it's a game of musical chairs.

Bitcoin is like gold, silver and US dollars in this respect.

Gold is valued at $1200 / oz, but if everyone sold all their gold for fiat dollars, the last ones out wouldn't get anything close to that.  In fact, if everyone sold all their gold (or bitcoins or dollars or euros), who would they sell it to?

Alternatively, if everyone sold all their US dollars for bitcoins, the last ones out (of fiat) wouldn't get very many micro-bitcoins for their dollars either.  

This is a fundamental property of all forms of money.  

[ElectricMucus]

 

sold all their US dollars for bitcoins

The inevitable collapse of hubris

[Peter R]

sold all their US dollars for bitcoins

The inevitable collapse of hubris

If you tried to understand what the author of a post was saying before critiquing it, debating with you would be more enjoyable.  

I was pointing out the fact that, (like you said) all the bitcoin owners can't cash out for dollars, the converse is also true: all the dollar owners can't cash out for bitcoin.  This is a fundamental property of money that I believe some people can't wrap their minds around.  My post made no inference to how likely either of these academic scenarios would be.    

[ElectricMucus]

sold all their US dollars for bitcoins

The inevitable collapse of hubris

If you tried to understand what the author of a post was saying before critiquing it, debating with you would be more enjoyable.  

I was pointing out the fact that, (like you said) all the bitcoin owners can't cash out for dollars, the converse is also true: all the dollar owners can't cash out for bitcoin.  This is a fundamental property of money that I believe some people can't wrap their minds around.  My post made no inference to how likely either of these academic scenarios would be.    

I don't like debating you since you are referring to yourself in third person, and the thread is about the collapse of hubris.

What you have done here is posting more hubris, in this thread!!
So you can't complain if I make fun of you. Please continue I'm having a great time.

[Peter R]

If you tried to understand what the author of a post was saying before critiquing it, debating with you would be more enjoyable.  

I was pointing out the fact that, (like you said) all the bitcoin owners can't cash out for dollars, the converse is also true: all the dollar owners can't cash out for bitcoin.  This is a fundamental property of money that I believe some people can't wrap their minds around.  My post made no inference to how likely either of these academic scenarios would be.    

I don't like debating you since you are referring to yourself in third person, and the OP is about the collapse of hubris....Please continue I'm having a great time.

[ElectricMucus]

Yes you are doing a great job proving revans point over and over again.

[BittBurger]

Yes you are doing a great job proving revans point over and over again.

Electric, here, let me help you again:

His point, once again, was people's arrogance about Bitcoin in the setting of a $1200 Bitcoin price.

His point was not about general arrogance, a snooty attitude in a reply, or people expressing irritation about his trolling.

Nobody in this thread has proven his point yet.

You must like revans quite a bit to keep pointing to irrelevant things and calling them "proof of his point", accuracy be damned.

[ElectricMucus]

You are not helping, you are defending/apologizing hubris.

Hubris means extreme pride or arrogance. Hubris often indicates a loss of contact with reality and an overestimation of one's own competence, accomplishments ...