Why is the Occupy movement not immediately embracing bitcoin?

[Nagle]

Why?

Because 0.1% guys hold 50% of Bitcoins. It's worse than Wall Street.

[cbeast]

Calling all early adopters. Bitcoin is cheap enough now that you can potentially earn 10x your money. It has seen $30 before and may again if you act now and buy at $3. Now you can own 99% of bitcoin and be the 1%

[anu]

Why?

Because 0.1% guys hold 50% of Bitcoins. It's worse than Wall Street.

Discussed here:
https://bitcointalk.org/index.php?topic=47747.0

This stats is BS. I own none of the addresses in there. But if I had combined all my addresses into one I'd be high up the list. So am i one of the 0.1% of oscenely rich guys or am I 50 poor guys?

And even if true - anyone can currently buy BTC 1000 - it's less than $4000. So your chance. Buy BTC 1000 and you may be one of the richest people on the planet in 10 years. So stop complaining and buy.

[JA37]

Red makes an excellent analysis in this thread: https://bitcointalk.org/index.php?topic=48521.0

[anu]

And even if true - anyone can currently buy BTC 1000 - it's less than $4000. So your chance. Buy BTC 1000 and you may be one of the richest people on the planet in 10 years. So stop complaining and buy.

Sorry, my fault - it's just $2600.

[Ragnar]

Red makes an excellent analysis in this thread: https://bitcointalk.org/index.php?topic=48521.0

That people's jealousy could hinder Bitcoin?

[Rassah]

And even if true - anyone can currently buy BTC 1000 - it's less than $4000. So your chance. Buy BTC 1000 and you may be one of the richest people on the planet in 10 years. So stop complaining and buy.

Sorry, my fault - it's just $2600.

Sorry, just sold $2,400 worth of Bitcoin over last 24 hours to pay for my flight and hotel to London. My bad!
Besides, I was just "using them" like the anti-hoarders/speculators said I should be.

[BioMike]

This link was end to me by a friend who did a Bitcoin promotion during the occupy demonstration in Amsterdam last Saturday (look right in the middle):

http://www.volkskrant.nl/vk/nl/2720/Nieuws/photoalbum/detail/2968967/309348/25/Occupy-demonstratie-trekt-dik-1000-man-in-Amsterdam.dhtml

The site is one of the larger news papers in the Netherlands

[niemivh]

Perhaps they are unable to be duped by the promises of the Bitcon community.

[JA37]

Red makes an excellent analysis in this thread: https://bitcointalk.org/index.php?topic=48521.0

That people's jealousy could hinder Bitcoin?

That people who aren't already in the game have little incentive to join.

[Rassah]

Red makes an excellent analysis in this thread: https://bitcointalk.org/index.php?topic=48521.0

That people's jealousy could hinder Bitcoin?

That people who aren't already in the game have little incentive to join.

That's where networking effects come in, and what the community needs to build. Even people who hate facebook and twitter eventually join just because their friends are on there. If bitcoin starts being accepted everywhere, even SomethingAwfull goons will have no choice but to embrace it.

[JA37]

That's where networking effects come in, and what the community needs to build. Even people who hate facebook and twitter eventually join just because their friends are on there. If bitcoin starts being accepted everywhere, even SomethingAwfull goons will have no choice but to embrace it.

Have a look at Red's post. It's a good post that details the problem.
You think Tenebrix was unfair with 7M premined coins? Well, try Bitcoin that in about a year will have 50% premined. A tiny minority controls 50% of all coins, leaving the rest of the world to split the rest. If the rich minority stop mining, which they won't do. Try to get acceptance for that system from those who believe that the current elite have a too big share of the wealth.

[Ragnar]

That's where networking effects come in, and what the community needs to build. Even people who hate facebook and twitter eventually join just because their friends are on there. If bitcoin starts being accepted everywhere, even SomethingAwfull goons will have no choice but to embrace it.

Have a look at Red's post. It's a good post that details the problem.
You think Tenebrix was unfair with 7M premined coins? Well, try Bitcoin that in about a year will have 50% premined. A tiny minority controls 50% of all coins, leaving the rest of the world to split the rest. If the rich minority stop mining, which they won't do. Try to get acceptance for that system from those who believe that the current elite have a too big share of the wealth.

Since when has wealth been a limited pie? I'm lost with you folks.

[Rassah]

That's where networking effects come in, and what the community needs to build. Even people who hate facebook and twitter eventually join just because their friends are on there. If bitcoin starts being accepted everywhere, even SomethingAwfull goons will have no choice but to embrace it.

Have a look at Red's post. It's a good post that details the problem.
You think Tenebrix was unfair with 7M premined coins? Well, try Bitcoin that in about a year will have 50% premined. A tiny minority controls 50% of all coins, leaving the rest of the world to split the rest. If the rich minority stop mining, which they won't do. Try to get acceptance for that system from those who believe that the current elite have a too big share of the wealth.

If we sit on our coins doing nothing, they aren't worth anything. If we use them and spend them, they will keep getting distributed through the rest of society. OP's claims could have also been applied to Google stock (or any stock, really), yet people still buy. Those same people can be just as ignorant about bitcoin as they have been about stocks.
Besides, considering the concentration of USD, I'd think people would be used to bitcoin.

[Rarity]

I don't want to pay taxes, but I also don't want to rely upon government services. Unfortunately, they do not allow competition, so I have no choice.

There is plenty of competition.  There are 196 countries in the world for you to choose from and find the government most to your liking.  There are plenty of countries that will let you live as a subsistence farmer and never trouble you for taxes at all. 

[Ragnar]

I don't want to pay taxes, but I also don't want to rely upon government services. Unfortunately, they do not allow competition, so I have no choice.

There is plenty of competition.  There are 196 countries in the world for you to choose from and find the government most to your liking.  There are plenty of countries that will let you live as a subsistence farmer and never trouble you for taxes at all.  

I have visited about 19 of them and lived in four seperate continents. Different sceneries, different people but different political systems? No. You have to look where the money flows, my friend. Political sovereignty today is a myth. If we look at the UN and our current banking system, there is now a higher power and it isn't our governments. I don't know why people haven't figured this out yet. We are becoming more globalized by the second. We'll see if the coming powers know what they are doing.

[Rarity]

Subsistence farmers pay no mind.

Anyway, I've only lived in the US and here in London but I've noticed a ton of difference in systems of government.  It's just that the solutions to common problems tend to be similar at the macro level, but even among states in the US there is a wide difference in laws from who you can marry to what medicine you can use to how much tax you pay.  There was another poster here in the past who talked extensively about how the UN banking system controls the world, he had much less life experience than you but I think both you and he have missed how much variety there can be in how people live even aside from financial matters.

[JeffK]

I don't want to pay taxes, but I also don't want to rely upon government services. Unfortunately, they do not allow competition, so I have no choice.

There is plenty of competition.  There are 196 countries in the world for you to choose from and find the government most to your liking.  There are plenty of countries that will let you live as a subsistence farmer and never trouble you for taxes at all.  

I have visited about 19 of them and lived in four seperate continents. Different sceneries, different people but different political systems? No. You have to look where the money flows, my friend. Political sovereignty today is a myth. If we look at the UN and our current banking system, there is now a higher power and it isn't our governments. I don't know why people haven't figured this out yet. We are becoming more globalized by the second. We'll see if the coming powers know what they are doing.

Ragnar I feel like I've read all these exact posts somewhere before but I just can't put my finger on it...

[grondilu]

Why is occupy Wall street movement not immediately embracing bitcoin?


Because they behave like monkeys.

[crazy_rabbit]

Probably because Bitcoin is a pretty complicated concept to get ones head around- not that the Occupy people aren't smart- but I don't think it's really up their alley.