Quote
In short, if bitcoin itself were somehow controlled by a central authority it would be worthless.
+1
+ 21 000 000
I see what you did there
Topic: Bitcoin getting bought out? - page 3. (Read 3797 times)
+1
+ 21 000 000
I see what you did there
Sure. Bitcoin is on a course to become a leader in the new space of virtual currencies.
Most of the primary developers and those leading successful businesses in Bitcoin-land are pretty up-front about their friendly posture towards mainstream economic players. And the path of least resistance vis-a-vis scaling is to move toward large-scale deployments.
Anti-bank dead-enders are going to end up as road-kill 100 miles back. Indeed, that process is actually well underway already. These people were critical in bootstrapping the solution, but their participation is rapidly becoming unnecessary and, frankly, kind of embarrassing and detrimental to increased adoption. Of course such people may also end up quite wealthy if they hold on to some secret keys.
so your idea of bitcoin would be that its like paypal? neat
meanwhile, others see that the true value of bitcoin stems from its decentralization, and lack of inhibiting regulation. bitcoin is fundamentally different than "other virtual currencies" in that it is not controlled by any central authority, and in that its characteristics are immutable (or should be).
In short, if bitcoin itself were somehow controlled by a central authority it would be worthless.
Not 'my idea'. I just call it like I see it.
The who 'fundamentally different' nature if Bitcoin is a great marketing ploy which could give it a giant leg up on it's competition. Alas, it probably won't have much basis in reality.
Centralizing the control will depreciate it's value to you and me, but most people won't give a shit. Indeed most people will welcome measures to stop criminals and tax cheats and I'm sure that this will be how it's marketed.
While I find the trajectory distasteful personally, it probably is my best hope to never have to work again in my life. And the cat is out of the bag so I'm sure that there will be other solutions which match some of the features that I find important.
so what you're saying is that you're invested in bitcoin for your own personal profit, but hope that the core goal of the project ultimately fails so that everyone has to pay their taxes like good citizens, and you can enjoy your retirement?
social security recipient spotted
Anti-bank dead-enders are going to end up as road-kill 100 miles back.
Like that embarrassing Satoshi guy?
Sure. Bitcoin is on a course to become a leader in the new space of virtual currencies.
Most of the primary developers and those leading successful businesses in Bitcoin-land are pretty up-front about their friendly posture towards mainstream economic players. And the path of least resistance vis-a-vis scaling is to move toward large-scale deployments.
Anti-bank dead-enders are going to end up as road-kill 100 miles back. Indeed, that process is actually well underway already. These people were critical in bootstrapping the solution, but their participation is rapidly becoming unnecessary and, frankly, kind of embarrassing and detrimental to increased adoption. Of course such people may also end up quite wealthy if they hold on to some secret keys.
so your idea of bitcoin would be that its like paypal? neat
meanwhile, others see that the true value of bitcoin stems from its decentralization, and lack of inhibiting regulation. bitcoin is fundamentally different than "other virtual currencies" in that it is not controlled by any central authority, and in that its characteristics are immutable (or should be).
In short, if bitcoin itself were somehow controlled by a central authority it would be worthless.
Not 'my idea'. I just call it like I see it.
The who 'fundamentally different' nature if Bitcoin is a great marketing ploy which could give it a giant leg up on it's competition. Alas, it probably won't have much basis in reality.
Centralizing the control will depreciate it's value to you and me, but most people won't give a shit. Indeed most people will welcome measures to stop criminals and tax cheats and I'm sure that this will be how it's marketed.
While I find the trajectory distasteful personally, it probably is my best hope to never have to work again in my life. And the cat is out of the bag so I'm sure that there will be other solutions which match some of the features that I find important.
Quote
In short, if bitcoin itself were somehow controlled by a central authority it would be worthless.
+1
+ 21 000 000
Quote
In short, if bitcoin itself were somehow controlled by a central authority it would be worthless.
+1
Sure. Bitcoin is on a course to become a leader in the new space of virtual currencies.
Most of the primary developers and those leading successful businesses in Bitcoin-land are pretty up-front about their friendly posture towards mainstream economic players. And the path of least resistance vis-a-vis scaling is to move toward large-scale deployments.
Anti-bank dead-enders are going to end up as road-kill 100 miles back. Indeed, that process is actually well underway already. These people were critical in bootstrapping the solution, but their participation is rapidly becoming unnecessary and, frankly, kind of embarrassing and detrimental to increased adoption. Of course such people may also end up quite wealthy if they hold on to some secret keys.
so your idea of bitcoin would be that its like paypal? neat
meanwhile, others see that the true value of bitcoin stems from its decentralization, and lack of inhibiting regulation. bitcoin is fundamentally different than "other virtual currencies" in that it is not controlled by any central authority, and in that its characteristics are immutable (or should be).
In short, if bitcoin itself were somehow controlled by a central authority it would be worthless.
Sure. Bitcoin is on a course to become a leader in the new space of virtual currencies.
Most of the primary developers and those leading successful businesses in Bitcoin-land are pretty up-front about their friendly posture towards mainstream economic players. And the path of least resistance vis-a-vis scaling is to move toward large-scale deployments.
Anti-bank dead-enders are going to end up as road-kill 100 miles back. Indeed, that process is actually well underway already. These people were critical in bootstrapping the solution, but their participation is rapidly becoming unnecessary and, frankly, kind of embarrassing and detrimental to increased adoption. Of course such people may also end up quite wealthy if they hold on to some secret keys.
I would think the lead developers still retain a mind of their own regardless of their involvement with the Foundation. Atleast thats still the case when you look at the Block Size issue.
I always hear the advice to store your gold outside of the US because the government will take it away. So im not sure if moving MtGox to the US is such a bright idea given the government's track record. It becomes very easy for the US government to confiscate the coins and dollars.
I always hear the advice to store your gold outside of the US because the government will take it away. So im not sure if moving MtGox to the US is such a bright idea given the government's track record. It becomes very easy for the US government to confiscate the coins and dollars.
good point all eyes should be on watch.
hmmm.. It will be a good idea to keep a close eye on them
First Vessenes starts the Bitcoin Foundation, uniting the lead developers
Now his company is taking over Gox and bringing them to the US?
It's a little worrying when the primary exchange and the lead developers are controlled by the same people.
Now his company is taking over Gox and bringing them to the US?
It's a little worrying when the primary exchange and the lead developers are controlled by the same people.
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