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Topic: [2014-09-27] Mark Cuban does not see long-term future for bitcoin as a currrency - page 2. (Read 2795 times)

sr. member
Activity: 417
Merit: 250
Quote
"Like many, Cuban compares Bitcoin to gold and says central banks will never let it truly succeed."

He seems to understand that it is a threat to central banks. Whether he thinks central banking is good or bad I' m not sure. I'm guessing he doesn't have moral issues with the fiat currency scam, so I guess he doesn't have much incentive to help promote a good thing like Bitcoin.

It's pretty frustrating to read comments from a Billionaire entrepreneur, who if he wanted could seriously help turn Bitcoin into a full fledged currency. He doesn't understand that it takes a few like him to make the first move, take the risk and accept Bitcoin. Only when people value it will it have value. Thanks Mark!

Peter Thiel is another one. What the hell is his problem? He calls himself a Libertarian for christ sake!

People with huge amounts of wealth never tell you exactly how they feel about something. It is all misdirection. When Mark Cuban says he is not buying bitcoin "right now", that could mean "not today" or "not right at this very moment". I bet all of these people, including Warren Buffet, have bought at least a few thousand coins each as a hedge against the ever-failing dollar, just like they all do with gold. And they will all tell you that they aren't buying any of it "right now" or something else just as vague.

Here is a quote from Forbes about how a certain person lied to their own parents and became a billionaire in the process:
Quote
As [Vince] McMahon would later say of his strategy, “Had my father known what I was going to do, he never would have sold his [WWE, at the time called WWF] stock to me.”
source: http://www.forbes.com/sites/msolomon/2014/03/26/vince-mcmahons-over-the-top-move-why-the-billionaire-ceo-is-betting-big-on-the-new-wwe-network/
sr. member
Activity: 252
Merit: 250
In a few years there will be kids that live in their basements and are more rich than mark cuban....  Tongue
sr. member
Activity: 399
Merit: 250
Quote
"Like many, Cuban compares Bitcoin to gold and says central banks will never let it truly succeed."

He seems to understand that it is a threat to central banks. Whether he thinks central banking is good or bad I' m not sure. I'm guessing he doesn't have moral issues with the fiat currency scam, so I guess he doesn't have much incentive to help promote a good thing like Bitcoin.

It's pretty frustrating to read comments from a Billionaire entrepreneur, who if he wanted could seriously help turn Bitcoin into a full fledged currency. He doesn't understand that it takes a few like him to make the first move, take the risk and accept Bitcoin. Only when people value it will it have value. Thanks Mark!

Peter Thiel is another one. What the hell is his problem? He calls himself a Libertarian for christ sake!
full member
Activity: 172
Merit: 100
I agree with what he's saying in some aspect. I think it will continue to be used long term, or something very much like it will overtake it, but it's use as a currency will continue to be a problem with many people if it's value fluctuates as much as it currently does.
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
The fact that he makes a public opinion shows his hand.
legendary
Activity: 4522
Merit: 3426
He makes a classic doubter mistake -- ignoring any potential, thinking that because it hasn't succeeded yet, it will never succeed. He says that it is not a currency right now because merchants convert it to dollars. Somehow, that indicates to him that it will never be a currency.



hero member
Activity: 658
Merit: 500
Shortsighted cocky bitch. I always dislike how he pissed on other Sharks in Sharktank. (" the only billionaire in this room is me")

If its just a "transport mechanism" as he said, then what happens when everyone use it?

Thats right there will be less incentive to "translate it into fiat". The fact that BTC is freely exchanged to USD by market, it will become a currency by its own.

This "billionaire" needs to learn what currency means. Case in point: says hes fcking a Dutch hookers on his business trip, he pays in USD and the hooker is happy to accept that, only to "translate" it back into Euro.... Right Mark?
legendary
Activity: 1450
Merit: 1013
Cryptanalyst castrated by his government, 1952
Self-made fiat billionaire disses upstart competitor. Yawn.

He is an interesting character nonetheless, sort of a Donald Trump wannabe: http://en.wikipedia.org/wiki/Mark_Cuban

C'est un m'as-tu vu!   Smiley



hero member
Activity: 525
Merit: 500
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