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Author Topic: I'm leaving Bitcoin  (Read 56510 times)
melonbtchunter
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June 18, 2018, 06:24:33 PM
 #241

Best wishes for you. It is your plan that you are leaving for it to be successful according to your plan. But in my opinion, leaving you something valuable. Tell me to re-evaluate your decision.
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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lonlonmarlon
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June 19, 2018, 08:24:50 AM
 #242

more people to want to this to leave to bitcoin but for me and to others i never leave her because her in bitcoin a got a more money and more bitcoin but if you want to leave her do it if you want but when you back you welcome also her and that is my opinion.

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Da2ja3
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June 19, 2018, 08:27:38 AM
 #243

Safe journey in your future venture, you have really had your fair share of the bitcoin experience. Good luck
roni12345
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June 21, 2018, 05:50:48 PM
 #244

Yoy really worked hard in bitcoun. Please! Don't leave. Stay with btc and have patience. Btc will be with you forever and give you a great feedback.
Gila uang
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June 21, 2018, 06:00:26 PM
 #245

I'm gonna miss getting zhoutonged....not, hehehe. Smiley Smiley Smiley



I believe that Bitcoinica really reduces price fluctuations instead of improving it, I also believe in my heart that Bitcoinica is much more than a place for people to speculate. You devote much to the community and are worthy of respect.
Apart from all the distrust and controversy among some people, you are still doing a great job.
Marlo Stanfield
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June 21, 2018, 06:37:56 PM
 #246

Wow, a blast from the past. It’s hard to believe it’s been six years already.

This thread reads like a who’s who of who’s gone. As far as I’m concerned, paraipan is the only one that has the right to simply abandon this forum and bitcoin completely (because he’s dead).



Zhou Tong was one of the most hilarious characters. Mysterious Chinese relic hunters and hackers, 25k missing BTC, him turning out to be some kid in high school or whatever. Funny stuff. Also Amir open sourcing the code which lead to the security flaws being exposed. His heart was in the right place, but that was stupid.
funtos
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June 21, 2018, 09:53:28 PM
 #247


Its true life is not all about money is how you live your life and made a lasting impact to everyone you meet...bitcoin is one good experienced but this does not guarantee true happiness and peace... you can take bitcoin
MMA
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June 22, 2018, 06:53:29 AM
 #248

more people to want to this to leave to bitcoin but for me and to others i never leave her because her in bitcoin a got a more money and more bitcoin but if you want to leave her do it if you want but when you back you welcome also her and that is my opinion.
People only use such wording when they become disappointed, some time bitcoin price comes down temporarly, which make people disappointed, but after sometime they understand the matter and the importance of bitcoin, then they change their decision, i think that no one will like to miss such a golden opportunity of investing money in bitcoin in such a low price.
Indai24
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June 22, 2018, 06:57:47 AM
 #249

more people to want to this to leave to bitcoin but for me and to others i never leave her because her in bitcoin a got a more money and more bitcoin but if you want to leave her do it if you want but when you back you welcome also her and that is my opinion.
People only use such wording when they become disappointed, some time bitcoin price comes down temporarly, which make people disappointed, but after sometime they understand the matter and the importance of bitcoin, then they change their decision, i think that no one will like to miss such a golden opportunity of investing money in bitcoin in such a low price.

Who wants to leave bitcoin wherein this is the main reason why you live a comfortable life? Try to compare your life before bitcoin and while having bitcoin and you'll be able to spot the difference. At least you will realized that leaving bitcoin is a big mistake you'll make.
eipeng
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June 22, 2018, 07:15:02 AM
 #250

Last Active in April 01, 2017, 09:06:19 PM. Another Great Man in the past who belives in Bitcoin in a lifetime, i admire you but i even admire you if you Sell at ATH. This man wherever you are, you are smart i hope that we can see you alive here in this forum.
jayveerastrullo
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June 22, 2018, 07:50:55 AM
 #251

Feels bad man. But it is great that you still love bitcoin even though bad things happened. And it is really a good choice to still invest your remaining coins.

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Raidal
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June 22, 2018, 07:53:40 AM
 #252

Have you considered your decision? It's a shame if you stop joining bitcoin. I do not want to miss a chance if I have a chance to get more profit in bitcoin. I am very comfortable to be in this business. Although, I have not gained the benefit of my friends in this forum but I am sure if I can improve my economy through bitcoin. I am very confident of success through this business. Indeed, in bitcoin business requires us to always be patient. Many issues that affect us to stop but we must have a fixed stance.

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AldenHoward
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June 22, 2018, 07:56:08 AM
 #253

Good move to make the formal announcement, evidently not everyone gathered that you were moving on notwithstanding it was the obvious course. glad you do not intend to join them.
ttking
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June 22, 2018, 08:04:08 AM
 #254

I think it is not the best solution. BTC has many pros, The cost of crypto currency is not dictated by the authorities. You are not forced to accept crypto currency forcibly and only in it to make certain payments, as it happens with government money. The cost of crypto currency is determined only by the ratio of demand and supply in the market.
vidivici
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June 22, 2018, 08:05:26 AM
 #255

I really regret if you leave a bitcoin business. Bitcoin is a very potential coin to invest. Many people are successful with bitcoin investing. I look at the people around me who are successful in this bitcoin business. They managed to scavenge a tremendous advantage. They can buy a house, buy a car, renovate the house, and buy other valuables. It's a bitcoin business, it takes patience so it's a big test for you. I also have to be patient in waiting for profit.
CoinSpeculator
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June 22, 2018, 08:31:46 AM
 #256

i read this post every day in morning with my coffee and portfolio Cheesy i curious about what happened this guy after btc goes ath?
HelenS
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June 22, 2018, 08:37:45 AM
 #257

You did create value for Bitcoin. Stability has been a real benefit.

I wish you good luck!
Minihut
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June 22, 2018, 08:51:50 AM
 #258

Personally I see nothing wrong with straight up gambling platforms and to the extent that I do, it's an easy choice for me to ignore them.  I also don't believe that Bitcoin either helped or hurt the Bitcoin economy very much.  If I were putting a huge amount of effort into developing the platform and it was used in this manner, however, I am sure I would feel a bit demoralized and like I was wasting my time.
BitGunner
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June 22, 2018, 08:53:02 AM
 #259

Maybe, you need to wait. Legalization of virtual currencies to some extent will also allow them to be used more often as a means of exchange, which will reduce the speculative component, and, accordingly, the market of crypto currencies will become less volatile. The settlement will attract large business to operations using digital currencies, which will improve their reputation and reduce the black market
mel1978
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June 22, 2018, 09:13:25 AM
 #260

No, this isn't related to the Bitcoinica hack. The hack just makes the choices obvious and straightforward.

I, Zhou Tong (Zhou is my surname), will discontinue all involvement in Bitcoin-related projects after the Bitcoinica incident has been fully resolved until further notice.

I always believe in Bitcoin, or simply anything that brings people financial liberty. I have heavily invested in Bitcoin (I purchased one 1,000 BTC gold coin from Casascius and will keep it for as long as I can). And I have enjoyed what I have done for the Bitcoin community.

Really, thank you for all the wonderful support. It feels great to have an experimental project become the "best thing since sliced bread", and run one of the most profitable businesses in a new economy. Bitcoinica has a total historical revenue equivalent to about 0.67% of the whole Bitcoin economy. Not even Apple can match this record in the real world economies.

The first time I read about Bitcoin was in late 2010. My first reaction was "these coins are cheap, maybe it just doesn't work". I learned about Bitcoin again in mid 2011, when the first bubble started. I bought my first Bitcoin when it fell to $8. I told all my close friends and classmates about Bitcoin, simply because I think it's a cool idea. The idea of a margin trading platform quickly went into my mind, and I started working on Bitcoinica.

I lied about the time it took to build Bitcoinica. (I said I spent one week on it.) I started on September 4, 2011 and launched on September 9, 2011. Just four and half days. In a week, trading volume passed one million dollars. I started making profits like crazy.

In November, an investor approached me to acquire Bitcoinica. Due to regulatory concerns, I agreed to the deal and signed the agreement. Bitcoinica was sold for a good price. However, since the investor is unable to arrange for a replacement team, I continued to become the sole operator until Team Intersango took over two weeks ago. The investor let me keep all profits until late January, the official handover time. After handover, he continued to offer generous salary and performance bonus every month. The investor demands his identity to be protected so I won't share more information on this.

I left school in Singapore and decided to continue my education in Australia. I made the decision because of the Internet industry, and the hacker culture. I'm a web developer and I want to become a really good one. I want to work with smart hackers and wonderful designers to change the world. Singapore isn't particularly good at this. (Obviously, US West Coast should be a better choice, but for some other reasons I didn't consider US.)

I have started working on another project (not Bitcoin-related) that is going to make a little difference on the Internet. So far I have achieved great progress and I'm pretty confident about this new venture.

My life hasn't changed much except that I became more confident after Bitcoinica's success. I realized that I have the power to make something profitable. Such kind of confidence is extremely hard to get, until you really experience a significant success. I worked on several projects before, and all of them failed eventually. I thought I was confident because I kept building new stuff and improving myself. But the real confidence comes from the success itself.

I failed at one thing though, that is generating value for the society. Bitcoinica did create a place for people to trade more efficiently and provide liquidity to the market. However, speculation is a zero-sum game (or negative-sum, strictly saying). I know there can be many justifications for Bitcoinica's value, but all of them are against my intuition and values.

With the confidence and the innate intuition to build wonderful things for a better world, I decided to move on. I didn't quit Bitcoinica because it's the only source of income that I currently have.

I know that my time is valuable and industry establishment is really important. I don't want my name to be remembered by only Bitcoiners. It's true that I believe in Bitcoin's potential, but not everyone believes. If I'm a influential person I wouldn't have to do this, but the best way to be known in the Internet industry is to build products that save people time, money and headaches.

I'm going to be a young entrepreneur that solves problems for everyone. I leave Bitcoin only because it doesn't help address my real needs. Making money isn't that important after all.

I'll be a Bitcoin lover forever, and I will come back to this forum regularly to discuss about the future that's in our own hands! I will keep the 1,000 BTC  gold coin as a lifetime investment and I'm pretty confident that it'll be the best investment ever in my life.

Bitcoin FTW!
Good luck for you man. You are very lucky because you own much number of bitcoin. I always do everything online for I can support my kids, I give much of my time and effort in doing bounty and signature campaigns but until now I have not own at least 1 bitcoin, but I am still happy at least I have earned for what I have done.
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