Topic: Billionaires hate Bitcoin. (Read 17073 times)
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.
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...
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...
"Can't think of a gift for that special billionaire in your life? .... there is always bitcoin!"
I am a billionaire.
I hate bitcoin.
I hate bitcoin.
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]:
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.]
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."
*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. [...]
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.
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]:
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.]
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.]
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
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.
*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.
"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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*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.
"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.
*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.
"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.
Bitcoin isn't a viable replacement for fiat currency, not even close- not even any time soon.
Not only that but the value is pretty unstable, and people don't get to be billionaires without knowing much better places to invest their money.
Not only that but the value is pretty unstable, and people don't get to be billionaires without knowing much better places to invest their money.
Billionaires are just like everyone else. They just have more Bitcoins.
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"Billionaires hate bitcoin"
- What kind of billionaire? One that become rich from his cup ramen noodle factory? I doubt he gives a shit about the emergence of new internet currencies. More likely, he'd be thrilled to hear of another currency being available to nerds that eat his ramen. More money for him.
- If the assertion was that "Billionaires would hate bitcoin", if they thoroughly understood it, then I guess I could somewhat agree in select cases. As it stands though, I don't think most billionaires have ever heard of bitcoin. They don't seem the type to worry much about things which market caps are less than their holdings.
I also think that the elite are now seeing it as an opportunity to slide in their NWO currency
NWO would not like gold to return as a currency (as it lessens control, having no "issuer") so I'm confused as to why you think they would like to see Bitcoin become more widely used as a currency.
Billionaires love bitcoin, they only need to invest .000001% of their wealth to completely destroy it.
I think billionaires hate the idea of private p2p currencies for the same reasons stated by Gornick...
but, I also think that the elite are now seeing it as an opportunity to slide in their NWO currency - thus, the new interest from the mainstream media and various rich assholes (like Peter Thiel).
but, I also think that the elite are now seeing it as an opportunity to slide in their NWO currency - thus, the new interest from the mainstream media and various rich assholes (like Peter Thiel).
Peter Thiel invested in Bitcoin. Billionaire. (Sorry, Vladimir.) 
Billionaires generally own large companies selling real goods
Microsoft sells a metric crap ton load of licenses to the national, state, county and local governments. Anything that makes taxation harder means a potential impact to tax revenues which, in-turn, causes software sales revenue to those agencies to decline.
Buffet needs Krugman and Keynes for his portfolio to not blow up.
More importantly, if capital formation can come using bitcoins and cyber-equities platforms (e.g., BitFunder) then why go to work for Gates, Buffet, Dimon, or other companies like Cisco, BN, even. Why not just pitch, get funded, and rule your own destiny. Without a steady stream of talent these companies will have to switch to more performance-based compensation which really would introduce culteral and financial changes within these organizations.
They prefer things just the way they are.
I agree very much on your opinion. I believe that bitcoin will accelerate changes in our world, that most people don't see or understand. Think about how the state is depended on the national bank and printing/borrowing money, the day bitcoin (or other cryptocurrency) is the norm, fiat is worth 0 and states will disappear. When states disappear away goes police and courts, as examples, how will companies claim their property rights?? There are many questions... and the answer is blowing in the wind, but one thing is for sure, things will change and new ways to do things will come, and I believe that bitcoin will speed up this process, as money is VERY important to people. you don't want to be the last person to adapt to bitcoin... Folks it will happen faster then you think... enjoy the joyride
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