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Author Topic: Billionaires hate Bitcoin.  (Read 16312 times)
Biomech
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May 25, 2013, 04:07:22 PM
 #81

*sigh*

"the rich hate/love {insert current bullshit}"

"the poor hate/love/are oppressed by {insert current bullshit}"

There is no monolithic entity called "billionaires". It's merely a statistic. People are people, as diverse and dichotomous at all levels. I've know poor folk who didn't give a shit about anyone and rich folk who were trying their damnedest to improve humanity and the living conditions of the many. And vice versa.

There are some very specific rich people who love bitcoin. There are some very specific rich people who hate it. There are a bunch of rich people who don't give a shit, and a bunch more that are interested but essentially neutral.

How a man got to be a millionaire/billionaire will tell you a lot more about where he stands on most any issue than the amount of his wealth. Those that went out and earned it, probably would like bitcoin. Those who inherited it and are living off their daddy probably don't care. Those that stole it (banksters/politicians and such) would very much hate bitcoin as it is potentially a threat to their rapine.

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Matthew N. Wright
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May 26, 2013, 02:19:51 PM
 #82

*sigh*

"the rich hate/love {insert current bullshit}"

"the poor hate/love/are oppressed by {insert current bullshit}"

There is no monolithic entity called "billionaires". It's merely a statistic. People are people, as diverse and dichotomous at all levels. I've know poor folk who didn't give a shit about anyone and rich folk who were trying their damnedest to improve humanity and the living conditions of the many. And vice versa.

There are some very specific rich people who love bitcoin. There are some very specific rich people who hate it. There are a bunch of rich people who don't give a shit, and a bunch more that are interested but essentially neutral.

How a man got to be a millionaire/billionaire will tell you a lot more about where he stands on most any issue than the amount of his wealth. Those that went out and earned it, probably would like bitcoin. Those who inherited it and are living off their daddy probably don't care. Those that stole it (banksters/politicians and such) would very much hate bitcoin as it is potentially a threat to their rapine.

Careful mate, common sense and rationality aren't strong points of bitcointalk.

Biomech
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May 26, 2013, 06:53:01 PM
 #83

*sigh*

"the rich hate/love {insert current bullshit}"

"the poor hate/love/are oppressed by {insert current bullshit}"

There is no monolithic entity called "billionaires". It's merely a statistic. People are people, as diverse and dichotomous at all levels. I've know poor folk who didn't give a shit about anyone and rich folk who were trying their damnedest to improve humanity and the living conditions of the many. And vice versa.

There are some very specific rich people who love bitcoin. There are some very specific rich people who hate it. There are a bunch of rich people who don't give a shit, and a bunch more that are interested but essentially neutral.

How a man got to be a millionaire/billionaire will tell you a lot more about where he stands on most any issue than the amount of his wealth. Those that went out and earned it, probably would like bitcoin. Those who inherited it and are living off their daddy probably don't care. Those that stole it (banksters/politicians and such) would very much hate bitcoin as it is potentially a threat to their rapine.

Careful mate, common sense and rationality aren't strong points of bitcointalk.


Or any other fora. I wish I understood stupid better. Stupid people are unstoppable.

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Stephen Gornick
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May 26, 2013, 09:05:02 PM
 #84

Those that went out and earned it, probably would like bitcoin.

Not necessarily.  Even if you look at the philanthropy by these billionaires you'll notice often that the use of public funds is either a contingency or ultimate goal.  Again, billionaires benefit from the status quo.    Bitcoin disrupts that and the power they hold.

Biomech
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May 26, 2013, 09:27:22 PM
 #85

Those that went out and earned it, probably would like bitcoin.

Not necessarily.  Even if you look at the philanthropy by these billionaires you'll notice often that the use of public funds is either a contingency or ultimate goal.  Again, billionaires benefit from the status quo.    Bitcoin disrupts that and the power they hold.

Billionaires also benefit from playing the risks and knowing, or at least correctly guessing, when the status quo is no longer ante Smiley

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Stephen Gornick
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August 28, 2013, 09:10:54 PM
 #86

That's probably the closest thing Bill Gates has said (to-date) that can be deemed as being in favor of Bitcoin [Edit: digital currency]:

Quote
Someone who’s interested in finance can help drive innovations such as digital currency that reduce transaction costs so that poor people can borrow at five percent a year instead of 15 percent.

http://www.linkedin.com/today/post/article/20130828134129-251749025-we-need-our-brightest-people-working-on-our-biggest-problems

[Update: He could be among those who consider any electronic transaction to be a "digital currency" transaction, it isn't evident from this.]

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August 28, 2013, 11:42:51 PM
 #87

*sigh*
[...]
How a man got to be a millionaire/billionaire will tell you a lot more about where he stands on most any issue than the amount of his wealth. Those that went out and earned it, probably would like bitcoin. Those who inherited it and are living off their daddy probably don't care. Those that stole it (banksters/politicians and such) would very much hate bitcoin as it is potentially a threat to their rapine.
Well said. And don't forget the biggest group of billionaires - those who are uninformed about bitcoin.
xxjs
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August 28, 2013, 11:44:51 PM
 #88

That's probably the closest thing Bill Gates has said (to-date) that can be deemed as being in favor of Bitcoin [Edit: digital currency]:

Quote
Someone who’s interested in finance can help drive innovations such as digital currency that reduce transaction costs so that poor people can borrow at five percent a year instead of 15 percent.

http://www.linkedin.com/today/post/article/20130828134129-251749025-we-need-our-brightest-people-working-on-our-biggest-problems

[Update: He could be among those who consider any electronic transaction to be a "digital currency" transaction, it isn't evident from this.]

I think he said "Bitcoin is a techno tour de force."
hayek
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August 29, 2013, 01:08:39 AM
 #89

I am a billionaire.

I hate bitcoin.
marcus_of_augustus
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August 29, 2013, 03:59:31 AM
 #90

"Can't think of a gift for that special billionaire in your life? .... there is always bitcoin!"

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August 31, 2013, 09:25:24 PM
 #91

Does the currency matter for billionaires that is euro and dollar ones...

They should have relatively diverse assets for their own good so currency isn't really a big thing. If you are really rich, you are really rich no matter what currency is in use. Unless you only do bonds...

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bitcon
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September 01, 2013, 08:07:14 PM
 #92

if i were a billionaire i'd have my assets diversified in many ways, gold, silver, bitcoin, real estate, etc. this way i'm not left with toilet paper when the people wake up and realize their fiat is worthless.

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