Billionaires hate Bitcoin. - page 5.

Phinnaeus Gage

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Bitcoin: An Idea Worth Spending

Quote from: RaggedMonk on March 27, 2012, 12:38:19 PM

Quote from: SaintFlow on March 27, 2012, 05:46:22 AM

Billionaires love Bitcoin

besides all the other tools of power as mentioned above - bitcoin offers a unique opportunity to diversivy assets and own
a big chunk of systems D value storage technology and thereby its power architecture.

additionaly bitcoin is a convienient way to bribe people internationally and annonymously it also holds a value density higher
then investmentgrade opals or bonds.

Understanding and usage of brainwallets can make a naked abducted billonaire even capabal of paying for his release out of
his head.

billionaires love Bitcoin

+1. Billionaires care about themselves first and foremost. I'd add that the ability to fluidly move funds around the world cheaply, safely, and semi-anonymously would also appeal to them. Billionaires love their tax avoidance.

Take that, Sir Richard Charles Nicholas Branson, you egotistical bastard! http://www.youtube.com/watch?v=Fywr2RtfVgE, albeit the following video is better. http://www.youtube.com/watch?v=5wcqdKowpsI

RaggedMonk

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Quote from: SaintFlow on March 27, 2012, 05:46:22 AM

Billionaires love Bitcoin

besides all the other tools of power as mentioned above - bitcoin offers a unique opportunity to diversivy assets and own
a big chunk of systems D value storage technology and thereby its power architecture.

additionaly bitcoin is a convienient way to bribe people internationally and annonymously it also holds a value density higher
then investmentgrade opals or bonds.

Understanding and usage of brainwallets can make a naked abducted billonaire even capabal of paying for his release out of
his head.

billionaires love Bitcoin

+1. Billionaires care about themselves first and foremost. I'd add that the ability to fluidly move funds around the world cheaply, safely, and semi-anonymously would also appeal to them. Billionaires love their tax avoidance.

Vladimir

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-

Just wait until SHTF for the fiat ponzi. According to some EUR will not survive 2012 or 2013. Should this happen they will all run for safety, meaning USD bonds at negative yields (ironically), gold, and yes bitcoins. Do not be too surprised if BTCEUR hits 5 digit numbers before long.

And another point about wealthy guys loving Bitcoin for it's utility is rather important one. Remember your Bitcoins are still there when you get out of jail, Madoff and their ilk I bet would love to have a few kilo BTC in their brain wallet right now.

cypherdoc

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this is an interesting question. offhand i would've said they'd hate it as it does threaten the status quo.

otoh, it depends on their state of mind. if they think the "system" as they know it is coming to an end then it should be a no brainer to invest a few millions of their billions into a promising technology that has the potential to be disruptive to the USD game.

i actually think the latter has already started to become more apparent as we head into the next crisis.

rjk

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1ngldh

Quote from: Raoul Duke on March 27, 2012, 11:10:20 AM

Quote from: kangasbros on March 27, 2012, 10:03:16 AM

Billionaries are going to hate bitcoin, since it is impossible to own billion bitcoins Grin

Man, you deserve it... really!
http://gifs.gifbin.com/042009/1240325175_roflbrothel.gif

Epic, as ever.

Raoul Duke

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Quote from: kangasbros on March 27, 2012, 10:03:16 AM

Billionaries are going to hate bitcoin, since it is impossible to own billion bitcoins Grin

Man, you deserve it... really!

kangasbros

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Billionaries are going to hate bitcoin, since it is impossible to own billion bitcoins Grin

realnowhereman

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Quote from: Jon on March 27, 2012, 05:16:26 AM

Why would they want to invest in something that could end their hold on cheap debt and a controllable monetary supply?

It would just be eliminating their power.

Why? They already own the billions of dollars worth of value. If that became measured in bitcoins instead of dollars it would be worth no less. Billionaires don't hate bitcoins; I doubt they know or care to know about them. They can spend the entire bitcoin market cap before breakfast.

Sure, they might have to give the early adopters a bit; but rich people will still be rich if bitcoin succeeds.

With money comes power. Bitcoin is irrelevant to that fact.

SaintFlow

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The first is by definition not flawed.

Billionaires love Bitcoin

besides all the other tools of power as mentioned above - bitcoin offers a unique opportunity to diversivy assets and own
a big chunk of systems D value storage technology and thereby its power architecture.

additionaly bitcoin is a convienient way to bribe people internationally and annonymously it also holds a value density higher
then investmentgrade opals or bonds.

Understanding and usage of brainwallets can make a naked abducted billonaire even capabal of paying for his release out of
his head.

billionaires love Bitcoin

Jon

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No Gods; No Masters; Only You

Quote from: Raoul Duke on March 27, 2012, 05:43:10 AM

And how many billionaires do you know?
Or are you just spreading FUD because you're bored as usual?

http://www.youtube.com/watch?v=ruSqkSAdWUw

Raoul Duke

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And how many billionaires do you know?
Or are you just spreading FUD because you're bored as usual?

Jon

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Merit: 12

No Gods; No Masters; Only You

Why would they want to invest in something that could end their hold on cheap debt and a controllable monetary supply?

It would just be eliminating their power.

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