them's the breaks..... I cannot imagine that he purposely went out to destroy a multi-million $$ business..... it happens to the best of them.
It just goes to show, no matter which business, when it outgrows you then you need to be mature enough to hire professional help!
well if he can take $490 Mil now or slowly make $2 Mil a year in fees, its easy for some to take the $490 Mil now and run
plus who knows if the US govt pressured him into crashing bitcoin
You think.... seriously someone making big cash, i mean big cash, is total numb and void to the concept of money.... it's only the peasants that groble for a few pennies... could you imagine the hit to his ego that he's screwed up a business worth millions??? It's not so black and white.
Sure he could have taken the money and ran.... but where will he run to? The moon?
I just think this is a classical case of someone who started something that just became to big for him.... you can't have the thinking of an entrepreneur and run a gigantic firm.... even Richard Branson makes the effort to employ corporate rats that are totally out of sync with his philosophy.... why, well simply it takes that type of person to manage a brutal system as his.....
Use history as your guidance, every great empire comes to an end, as it becomes too big for one man to manage, its just the way it is... unfortunately.... Why. Business is about the rationality of money, not the emotional motivation that is the fuel behind any new idea or small business belief!
More than likely the same will happen with BTC.... it started out as an independent eco system but will need to evolve to function within the capitalistic structure.... ie, it will find a form of regulation - as long as its not the banks or government....
