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Topic: Bill Gates and Bitcoin (Read 2386 times)

hero member
Activity: 700
Merit: 501
February 02, 2015, 11:37:54 AM
#48
Im pretty sure there is more posibilities that Gates is creating his own coin than Gates secretly buying Ripple to uncover it lately and boost the price.
sr. member
Activity: 308
Merit: 250
( -_・)ノ-=≡[$(∞)$]
February 02, 2015, 10:21:44 AM
#47
You guys are on point. He's cooking GatesCoin as we speak.

Microcoin Roll Eyes
legendary
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
February 01, 2015, 01:10:36 AM
#46
Here we have a brief overview of what Bill Gates believes in regards to you guessed it, Bitcoin.

http://gyazo.com/976f1e94844e3013303951b1e914ae13
I just calculated and got a fact that right now bill gates can buy all the possible bitcoins in the world with only his 10-15% of wealth.
Isn't it amazing?



This is wrong for a couple of reasons

First would be, if he buys the entire Bitcoin network what's he going to do, trade coins back and forward to himself?  It would render btc worthless if one person had them all 

Secondly nobody will mine or even keep running wallets for no financial incentive  so the value would plummet and he would lose his investment

Thirdly, let's see him buy them all when they're worth $10k+ each lol

Fourth-they're are plenty of people like myself and Roger verr for example who believe in btc as an ideology and are already wealthy enough  so will not  need to sell their holdings to someone like gates.....

No it wouldn't, it would jack the price up and create no liquidity.

In a situation where bill Gates had all 21 million btc,  who else would want them?

Who would bother running a miner or even a node? There's no incentive...

I think it would kill it tbh..... But it will never happen Smiley
sr. member
Activity: 350
Merit: 250
February 01, 2015, 01:06:22 AM
#45
Here we have a brief overview of what Bill Gates believes in regards to you guessed it, Bitcoin.

http://gyazo.com/976f1e94844e3013303951b1e914ae13
I just calculated and got a fact that right now bill gates can buy all the possible bitcoins in the world with only his 10-15% of wealth.
Isn't it amazing?



This is wrong for a couple of reasons

First would be, if he buys the entire Bitcoin network what's he going to do, trade coins back and forward to himself?  It would render btc worthless if one person had them all 

Secondly nobody will mine or even keep running wallets for no financial incentive  so the value would plummet and he would lose his investment

Thirdly, let's see him buy them all when they're worth $10k+ each lol

Fourth-they're are plenty of people like myself and Roger verr for example who believe in btc as an ideology and are already wealthy enough  so will not  need to sell their holdings to someone like gates.....

No it wouldn't, it would jack the price up and create no liquidity.
legendary
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
February 01, 2015, 12:09:38 AM
#44
Here we have a brief overview of what Bill Gates believes in regards to you guessed it, Bitcoin.

http://gyazo.com/976f1e94844e3013303951b1e914ae13
I just calculated and got a fact that right now bill gates can buy all the possible bitcoins in the world with only his 10-15% of wealth.
Isn't it amazing?



This is wrong for a couple of reasons

First would be, if he buys the entire Bitcoin network what's he going to do, trade coins back and forward to himself?  It would render btc worthless if one person had them all 

Secondly nobody will mine or even keep running wallets for no financial incentive  so the value would plummet and he would lose his investment

Thirdly, let's see him buy them all when they're worth $10k+ each lol

Fourth-they're are plenty of people like myself and Roger verr for example who believe in btc as an ideology and are already wealthy enough  so will not  need to sell their holdings to someone like gates.....
legendary
Activity: 868
Merit: 1004
January 31, 2015, 11:19:46 PM
#43
You guys are on point. He's cooking GatesCoin as we speak.

Yea I agree, just to clarify, NOT that new GATECOIN that just came out, GATESCOIN
Im sure by the time I wake up tomorrow there's someone announcing that coin already.
sr. member
Activity: 364
Merit: 250
The 4th industrial revolution!
January 31, 2015, 11:14:14 PM
#42
You guys are on point. He's cooking GatesCoin as we speak.

Yea I agree, just to clarify, NOT that new GATECOIN that just came out, GATESCOIN
legendary
Activity: 1358
Merit: 1014
January 31, 2015, 11:05:06 PM
#41
You guys are on point. He's cooking GatesCoin as we speak.
sr. member
Activity: 336
Merit: 250
January 31, 2015, 09:46:55 PM
#40
So how is he going to provide stability for his altcoin? Give it a fake value? Never put it on an exchange?

He can simply make an IOU on the ripple network and try to control the volatility himself by pegging it to something more stable.   Or he might not even need to control it if he makes it ugly to bitcoiners.  For example, there's no mining, its distributed, and no hard cap on the amount of coins which his organization holds all of it at first.

This is what he would do. Pegged to national currencies, but what about unstable national currencies?
newbie
Activity: 36
Merit: 0
January 31, 2015, 01:41:31 PM
#39
I don't think Bill Gates is telling us everything. You can be sure he is cooking-up another idea or two to put himself in front of the pack!
sr. member
Activity: 364
Merit: 250
The 4th industrial revolution!
January 31, 2015, 10:55:36 AM
#38
So how is he going to provide stability for his altcoin? Give it a fake value? Never put it on an exchange?

He can simply make an IOU on the ripple network and try to control the volatility himself by pegging it to something more stable.   Or he might not even need to control it if he makes it ugly to bitcoiners.  For example, there's no mining, its distributed, and no hard cap on the amount of coins which his organization holds all of it at first.
sr. member
Activity: 280
Merit: 250
January 31, 2015, 10:00:50 AM
#37
Here we have a brief overview of what Bill Gates believes in regards to you guessed it, Bitcoin.

http://gyazo.com/976f1e94844e3013303951b1e914ae13
I just calculated and got a fact that right now bill gates can buy all the possible bitcoins in the world with only his 10-15% of wealth.
Isn't it amazing?



Good luck with that, he isn't getting mine!
Well he can have them if he wants to. He will make you an offer that you wont be able to resist Grin
hero member
Activity: 686
Merit: 500
January 31, 2015, 09:56:21 AM
#36
Here we have a brief overview of what Bill Gates believes in regards to you guessed it, Bitcoin.

http://gyazo.com/976f1e94844e3013303951b1e914ae13
I just calculated and got a fact that right now bill gates can buy all the possible bitcoins in the world with only his 10-15% of wealth.
Isn't it amazing?



Good luck with that, he isn't getting mine!
sr. member
Activity: 280
Merit: 250
January 31, 2015, 08:42:40 AM
#35
Here we have a brief overview of what Bill Gates believes in regards to you guessed it, Bitcoin.

http://gyazo.com/976f1e94844e3013303951b1e914ae13
I just calculated and got a fact that right now bill gates can buy all the possible bitcoins in the world with only his 10-15% of wealth.
Isn't it amazing?

legendary
Activity: 1264
Merit: 1008
January 31, 2015, 07:48:28 AM
#34
So how is he going to provide stability for his altcoin? Give it a fake value? Never put it on an exchange?

Putting a backdoored wallet on  every new computer as it leaves the factory. 
hero member
Activity: 686
Merit: 500
January 31, 2015, 02:08:24 AM
#33
So how is he going to provide stability for his altcoin? Give it a fake value? Never put it on an exchange?
member
Activity: 67
Merit: 10
January 30, 2015, 11:56:56 PM
#32
Bill Gates will never support or get behind bitcoin because he has very little control over it

He has said before he is working on a digital payment system for the third world but let's be honest, he wants a bill Gates coin, not a bitcoin

Source? I would love to read up on this digital payment system you speak of in which Gates spoke on.
legendary
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
January 30, 2015, 11:52:36 PM
#31
Bill Gates will never support or get behind bitcoin because he has very little control over it

He has said before he is working on a digital payment system for the third world but let's be honest, he wants a bill Gates coin, not a bitcoin
member
Activity: 67
Merit: 10
January 30, 2015, 11:25:04 PM
#30
Here we have a brief overview of what Bill Gates believes in regards to you guessed it, Bitcoin.

http://gyazo.com/976f1e94844e3013303951b1e914ae13

What digital currency is he using if he's not using bitcoin?

he is already using bitcoins as microsoft acceptiong bitcoins now at the moment they are acceptiong bitcoins for US users only i hope they will accept bitcoins for all over the world

Good observation. Bill Gates dips into btc daily. Awesome stuff we have here.
legendary
Activity: 1106
Merit: 1000
January 30, 2015, 11:18:46 PM
#29
Here we have a brief overview of what Bill Gates believes in regards to you guessed it, Bitcoin.

http://gyazo.com/976f1e94844e3013303951b1e914ae13

What digital currency is he using if he's not using bitcoin?

he is already using bitcoins as microsoft acceptiong bitcoins now at the moment they are acceptiong bitcoins for US users only i hope they will accept bitcoins for all over the world
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