I say fuck all traders/speculators, so, fuck you OP... pussy
Bitcoin would be better without you and valued at $.80
You read this whole thread and that was the best insult you could come up with?
Geez. That 'play ball' part was more accurate than I originally thought.
$.80? Yeah I'm sure that would really work out well for mining. Once you get sub electricity-cost BTC values with the current number of users, you're looking at market collapse (or, at least the most ridiculous market volatility you may ever see as people buy literally 10's or 100's of thousands of BTC and sell off minutes/hours later). $.80 worked earlier when you could earn multiple BTC in a week and had a realistic chance of solving a block solo in a small time frame. Try it now and see what happens. I dare you.
It was not an insult, it was a fact!
If Bitcoin was valued at $.80 maybe people would actually spend them buying things and ot only trade them for $ and/or hoard.
Yeah, most miners could just give up because they are in no way better than you, speculators.
I still don't understand what was it that a big part of them we're doing in folding or SETI when there was no money to be made there... but now, all they see is money on their GPU's.
I'm secretelly hoping that GPU mining will become non-profitable and 90% of miners disappears not to be ssen anymore.
I bet Satoshi abandonned the project not because he thought it didn't needed him anymore, but out of embarassment of what Bitcoin started to be.
If you need a wall of text to understand what i trully meant, you are not a pussy, you are a donkey!
It's not a fact it was your opinion.
Speculators are risk-takers. So, I'm a risk-taking pussy. Nice one, smart guy. Consistently trading and selling minimizes risk. This can be smart, but its not risky.
If Bitcoin was valued at $.80, you'd have a far fewer merchants to buy anything from. Increased volatility at this price leads to increased risk on behalf of merchants.
No idea about your SETI comment
Again, don't know, don't care. But, miners are incredibly good for Bitcoin. The more miners there are, the more likely it is that the value of Bitcoin increases and/or stabilizes. More miners = less proportional BTC payout for solved blocks = more time required to gain enough BTC to sell. Basically, more miners translates into a communal investment.
Satoshi is rich and has no need for involvement. His rapid financial success was built into Bitcoin's design, and was probably the main reason he actually followed through on its creation.
I don't need a wall of text confusing your opinion for fact. "Pussy traders" is an opinion, not a fact. This should have been obvious, and it also should have been obvious that this opinion was referencing a very small time frame (i.e. the period of time during which the price at Mt. Gox shot up 50 cents).