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hilariousandco
Global Moderator
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Activity: 3864
Merit: 2650
Join the world-leading crypto sportsbook NOW!
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February 26, 2014, 09:13:41 PM |
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Would you believe that a shoe maker knows more about fixing clothes than a tailor? Apparently, Bruce Richards of Marathon Asset Management would, as he, who doesn’t know what Bitcoin is, was seen on Bloomberg Television’s “Market Makers” explaining what Bitcoin is and how he feels about it.
After seeing the interview, it is clear that Bruce Richards doesn’t know much about Bitcoin. In fact, Richards deems Bitcoin as a fraud, and even a ponzi scheme. Besides spouting out biased and clearly wrong information about Bitcoin, Richards also does not seem to understand what a Ponzi scheme is. Things morons call Bitcoin: Ponzi - check Tullip bulbs - check. A fad - check What an idiot. He really doesn't know what he's talking about. Clearly he's no economist. If Bitcoin is a Ponzi then so is the stock market. I like the female hosts views though. |
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Ripdon007 (OP)
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February 26, 2014, 10:49:43 PM |
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Would you believe that a shoe maker knows more about fixing clothes than a tailor? Apparently, Bruce Richards of Marathon Asset Management would, as he, who doesn’t know what Bitcoin is, was seen on Bloomberg Television’s “Market Makers” explaining what Bitcoin is and how he feels about it.
After seeing the interview, it is clear that Bruce Richards doesn’t know much about Bitcoin. In fact, Richards deems Bitcoin as a fraud, and even a ponzi scheme. Besides spouting out biased and clearly wrong information about Bitcoin, Richards also does not seem to understand what a Ponzi scheme is. Things morons call Bitcoin: Ponzi - check Tullip bulbs - check. A fad - check What an idiot. He really doesn't know what he's talking about. Clearly he's no economist. If Bitcoin is a Ponzi then so is the stock market. I like the female hosts views though. lol i liked how the female host was like how she's gotten to start liking bitcoin.. richard's face was like "wtf bitch?" |
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seriouscoin
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February 27, 2014, 12:04:47 AM |
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Actually avg ppl are deceived completely that hedge fund managers are some financial investment wizards..... They're not. Most of them have inside information on what sectors to invested in. Some even got "scammed" and burst.... however the risks are on their clients. To me, those dickheads are just part of an "VIP" club that control this world. They use money to lobby politicians and make killing while avg persons are working as slaves. |
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bitbouillion
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February 27, 2014, 02:34:01 AM |
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... investment operation that pays returns to its investors from existing capital or new capital paid by new investors, rather than from profit earned by the individual or organization running the operation....[Wikipedia] .... matches any government which runs a deficit. |
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westkybitcoins
Legendary
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Activity: 980
Merit: 1004
Firstbits: Compromised. Thanks, Android!
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February 27, 2014, 04:07:05 AM
Last edit: February 27, 2014, 03:29:33 PM by westkybitcoins |
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Yeah, that guy comes off as just an ignorant tool. He called it a fad, and a fraud, and a ponzi scheme, and said it won't have a place in history. He wasn't even wanting to address the idea of whether the concept of cryptocurrencies might be viable, and might survive Bitcoin. He just wanted to dog on Bitcoin and disparage it as much as possible. In his mind, it's less than used toilet paper. I'm betting not only did the guy make it to where he is through social connections rather than real skill or talent, but that he's incapable of programming a VCR without assistance.  |
Bitcoin is the ultimate freedom test. It tells you who is giving lip service and who genuinely believes in it.
... ... In the future, books that summarize the history of money will have a line that says, “and then came bitcoin.” It is the economic singularity. And we are living in it now. - Ryan Dickherber... ... ATTENTION BFL MINING NEWBS: Just got your Jalapenos in? Wondering how to get the most value for the least hassle? Give BitMinter a try! It's a smaller pool with a fair & low-fee payment method, lots of statistical feedback, and it's easier than EasyMiner! (Yes, we want your hashing power, but seriously, it IS the easiest pool to use! Sign up in seconds to try it!)... ... The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
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Rygon
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February 27, 2014, 01:23:30 PM |
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Is it just me, or is this guy drunk? He's having a hard time with words, his eyes look bloodshot, red cheeks, etc. His tie isn't even on right, lol. And people give him money to invest?
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hilariousandco
Global Moderator
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Activity: 3864
Merit: 2650
Join the world-leading crypto sportsbook NOW!
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February 27, 2014, 02:06:40 PM |
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Is it just me, or is this guy drunk? He's having a hard time with words, his eyes look bloodshot, red cheeks, etc. His tie isn't even on right, lol. And people give him money to invest?
He just doesn't know what he's talking about so finds it difficult to bullshit articulately without just lazily slandering it by comparing it to a ponzi or tulip bulbs etc. |
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Gabi
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Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
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February 27, 2014, 02:12:58 PM |
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Failometer over 9000
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Morbid
Legendary
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Activity: 1202
Merit: 1015
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February 27, 2014, 04:01:11 PM |
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it seems the video is no longer avaliable.. |
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westkybitcoins
Legendary
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Activity: 980
Merit: 1004
Firstbits: Compromised. Thanks, Android!
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February 28, 2014, 03:20:22 PM |
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it seems the video is no longer avaliable.. Indeed it is not. Someone thought it best to salvage the guy's reputation. |
Bitcoin is the ultimate freedom test. It tells you who is giving lip service and who genuinely believes in it.
... ... In the future, books that summarize the history of money will have a line that says, “and then came bitcoin.” It is the economic singularity. And we are living in it now. - Ryan Dickherber... ... ATTENTION BFL MINING NEWBS: Just got your Jalapenos in? Wondering how to get the most value for the least hassle? Give BitMinter a try! It's a smaller pool with a fair & low-fee payment method, lots of statistical feedback, and it's easier than EasyMiner! (Yes, we want your hashing power, but seriously, it IS the easiest pool to use! Sign up in seconds to try it!)... ... The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
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guyver
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February 28, 2014, 04:14:32 PM |
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lol Is this guy for real
Bruce Richards = Moron when it comes to bitcoin. he should stick to commenting on what he knows and what he doesn't know.
The bitcoin community should stamp out this Moron (Bruce Richards)
I feel like finding his twitter page as saying sir you is a #Moron when explaining bitcoin
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Ripdon007 (OP)
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March 01, 2014, 04:49:03 AM |
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lol Is this guy for real
Bruce Richards = Moron when it comes to bitcoin. he should stick to commenting on what he knows and what he doesn't know.
The bitcoin community should stamp out this Moron (Bruce Richards)
I feel like finding his twitter page as saying sir you is a #Moron when explaining bitcoin
the guy did nothing but make a total fool outta himself in front of the world lol |
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toxique
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March 01, 2014, 09:36:02 AM |
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There are a lot of other "Richards" who are making total fools outta themselfs. hundreds interviews are awful
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