Amazon has it. Tesla has it. Apple had it. - page 3.

Agostosmori

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Quote from: freightjoe on November 22, 2017, 04:07:42 AM

What they had was a strong guy in charge who could make absolutely sure the development of the company's idea followed the vision. They are highly successful becasue of it.

Bitcoin does not have it.

There is a large group of different people all with different ideas on how to carry out the vision, and no-one to ensure a consistent focus. Running a large-scale operation does not work using consensus. Instead it always leads to disagreement and a failure of the project. So it will be with Bitcoin where the recent civil wars with alt coins is only the beginning.

Because that is what bitcoin was created for, something that no one is controlling. Again it is a decentralized currency that aims to simplify money transfers. Why do we need to have someone to regulate Bitcoin if it the block chain can do it alone.

detector

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★

It's amazing to see those big company accept bitcoin !
Bitcoin popularity already grown more than people can expect so it's better to invest bitcoin rather than other well known investation such like gold,diamond

Quote from: Nilda on November 22, 2017, 06:58:32 AM

Bitcoin is not an organization with a CEO and thousands of employees in its payroll. In the future, these people may get have bitcoins as salary and/or incentive.

Some company at Filipina already accept bitcoin as salary payment

kiboloves

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What I want to say is that bitcoin and all of these are not the same, bitcoin is not physical property, it is the existence of the whole network, is an accounting consensus.

Nilda

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Bitcoin is not an organization with a CEO and thousands of employees in its payroll. In the future, these people may get have bitcoins as salary and/or incentive.

Lucius

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Quote from: freightjoe on November 22, 2017, 04:07:42 AM

What they had was a strong guy in charge who could make absolutely sure the development of the company's idea followed the vision. They are highly successful becasue of it.

Bitcoin does not have it.

There is a large group of different people all with different ideas on how to carry out the vision, and no-one to ensure a consistent focus. Running a large-scale operation does not work using consensus. Instead it always leads to disagreement and a failure of the project. So it will be with Bitcoin where the recent civil wars with alt coins is only the beginning.

Why comparing Amazon,Tesla or Apple with BTC which is a digital currency/asset?These are two completely different things and you seem to be forgetting that BTC is so successful just because it is decentralized and there is no that strong guy which you mention.It is always wrong to put all the power in the hands of one man,and Satoshi Nakamoto think on that when he invented BTC.It is more likely to these companies fail and BTC survives.

audaciousbeing

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Quote from: freightjoe on November 22, 2017, 04:07:42 AM

What they had was a strong guy in charge who could make absolutely sure the development of the company's idea followed the vision. They are highly successful becasue of it.

Bitcoin does not have it.

There is a large group of different people all with different ideas on how to carry out the vision, and no-one to ensure a consistent focus. Running a large-scale operation does not work using consensus. Instead it always leads to disagreement and a failure of the project. So it will be with Bitcoin where the recent civil wars with alt coins is only the beginning.

Based on what you have expounded, its true that there are advantages of having on authority driving the direction of innovations and pushing the dream to an achievable length just like the examples of people you mentioned. But what you need to understand is, what is the motive and objectives of those two categories you are making comparison about.

I have read about a guy who was sacked from his job in Apple because he used the new launched Iphone X for recording with his daughter before the release to the public but for bitcoin, the code was even release to the public from the beginning.

I just imagine what will happen if bitcoin success is attached to one person, how powerful that individual will be, even Roger Ver that was lucky to be an early investor still gets credit for the direction of price how much more if someone is running things. I still feel the decentralization of the entire blockchain is all for the better and the dream can still be achieved by everyone collectively.

freightjoe

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Quote from: CryptosapienZA on November 22, 2017, 04:42:28 AM

Quote from: freightjoe on November 22, 2017, 04:25:42 AM

Quote from: Wendigo on November 22, 2017, 04:17:40 AM

Bitcoin is not the property of a single company or is it? If it was then that particular business would have the final say in its development.

That is exactly the point - and that is why it will fail because the more money that is involved, the less people involved can agree on its development

I completely disagree with this. We dont have to agree, but we have to respect each other. That is why bitcoin is special, its because it is decentralised. We dont have to have leaders for it to be successful. I will tell you why Bitcoin WILL fail. It will fail because though there is no leader but there is certainly dictatorship attitudes. When you do disagree, you are attacked. It is those toxic attitudes that will make bitcoin fail because there seems to be a silent agreement to never disagree. Thats the kind of attitude i find insane and will steer people away from the community.

You actually explain very well exactly why it is that when there is no strong leader, a business will fail. Bitcoin will fail because of it.

CryptosapienZA

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Quote from: freightjoe on November 22, 2017, 04:25:42 AM

Quote from: Wendigo on November 22, 2017, 04:17:40 AM

Bitcoin is not the property of a single company or is it? If it was then that particular business would have the final say in its development.

That is exactly the point - and that is why it will fail because the more money that is involved, the less people involved can agree on its development

I completely disagree with this. We dont have to agree, but we have to respect each other. That is why bitcoin is special, its because it is decentralised. We dont have to have leaders for it to be successful. I will tell you why Bitcoin WILL fail. It will fail because though there is no leader but there is certainly dictatorship attitudes. When you do disagree, you are attacked. It is those toxic attitudes that will make bitcoin fail because there seems to be a silent agreement to never disagree. Thats the kind of attitude i find insane and will steer people away from the community.

freightjoe

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Quote from: coolcountry on November 22, 2017, 04:38:48 AM

Bitcoin does not need a leader, does not need a face. It is the idea behind it. If you need a face on a currency, you can invest in fiat.

No leader = a ship with no rudder. Eventually it will shipwreck.

coolcountry

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Bitcoin does not need a leader, does not need a face. It is the idea behind it. If you need a face on a currency, you can invest in fiat.

Theta Labs

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And yet the community withstood those forks, hasn't it? Whether it can scale to meet future demand is uncertain, so far but bitcoin has been more resilient than people give it credit for.

Monro3000

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I do not agree about Tesla. Because Ilon Mask has big expenses in his company. On official websites announced that the money at Tesla will end in mid-2018, if they do not reduce their appetite. There is no money behind the Bitco, it's money itself!

ArtPt

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One "incognito" guy is far more interesting than some marketing byproducts in human body, lol. I think this personality cult is not healthy tendency anyway.

Raimy

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That's kind of the point, for Bitcoin to be decentralized and under no single entities control. If it had a single leader it would become centralized and no different that any of the companies you mentioned. If you like centralization and single person leadership so much, there are already thousands of investment opportunities for you on the stock market, please go there.

cryptonoob312

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Etherium has. Vitalik Buterin is a promising guy. I think he will change the industry.

Paranuatu

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Quote from: freightjoe on November 22, 2017, 04:25:42 AM

Quote from: Wendigo on November 22, 2017, 04:17:40 AM

Bitcoin is not the property of a single company or is it? If it was then that particular business would have the final say in its development.

That is exactly the point - and that is why it will fail because the more money that is involved, the less people involved can agree on its development

thats the whole point of bitcoin, decentralisation. Though now the miners seem to have a say in it.

freightjoe

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Quote from: Wendigo on November 22, 2017, 04:17:40 AM

Bitcoin is not the property of a single company or is it? If it was then that particular business would have the final say in its development.

That is exactly the point - and that is why it will fail because the more money that is involved, the less people involved can agree on its development

Wendigo

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Bitcoin is not the property of a single company or is it? If it was then that particular business would have the final say in its development.

freightjoe

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Quote from: Paranuatu on November 22, 2017, 04:09:28 AM

gold has no one in charge.

Gold does not need to develop its underlying code

Paranuatu

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Is bitcoin a currency? Decentralized? Shoudl it be like the EUro, with one person in charge? An asset? gold has no one in charge.

Topic: Amazon has it. Tesla has it. Apple had it. - page 3. (Read 1106 times)