because they believe in some variant of a zero sum world. if bitcoiners make money someone, somewhere MUST be losing money in their mind.
Actually Bitcoin is zero sum game. But ppl who lose money are not late adopters, but the people who use dollars and other currencies. 
Topic: Bitcoin on Al Jazeera - page 2. (Read 3372 times)
because they believe in some variant of a zero sum world. if bitcoiners make money someone, somewhere MUST be losing money in their mind.
or it may be as simple as envy.
because they believe in some variant of a zero sum world. if bitcoiners make money someone, somewhere MUST be losing money in their mind.
I just came accross this quote hostile comment on Slashdot:
What's with such hostility? It's one thing to think bitcoin is an unworthy project, but to actually want it to be "stomped out of existence" really crosses the line.
Quote
>Bitcoin has the feature, that it can't be inflated (claimed by their proponents).
More than that. If buttcoin actually becomes an actual alternative to paper currency, it has built-in hyperdeflation.
There are 21 million buttcoins (roughly) to be mined, and that's it. Over time you have fewer buttcoins (because they can be destroyed) chasing after more goods (because of economic growth).
This means that any leveraged purchases are a fools' errand - capital machinery, durable goods, houses, bought on credit, are the worst deals in the world because you pay with money that is worth more over time. Deflation serves only the hoarders and creates a braking effect on an economy, because why spend money today when it will be worth more tomorrow?
Buttcoin is a scam made to enrich the hoarding early adopters. It's a sort-of ponzi scheme.
And now it's being used for money laundering.
The sooner it's stomped out of existence the better.
Source: http://idle.slashdot.org/comments.pl?sid=2215718&cid=36351892More than that. If buttcoin actually becomes an actual alternative to paper currency, it has built-in hyperdeflation.
There are 21 million buttcoins (roughly) to be mined, and that's it. Over time you have fewer buttcoins (because they can be destroyed) chasing after more goods (because of economic growth).
This means that any leveraged purchases are a fools' errand - capital machinery, durable goods, houses, bought on credit, are the worst deals in the world because you pay with money that is worth more over time. Deflation serves only the hoarders and creates a braking effect on an economy, because why spend money today when it will be worth more tomorrow?
Buttcoin is a scam made to enrich the hoarding early adopters. It's a sort-of ponzi scheme.
And now it's being used for money laundering.
The sooner it's stomped out of existence the better.
What's with such hostility? It's one thing to think bitcoin is an unworthy project, but to actually want it to be "stomped out of existence" really crosses the line.
Looks like a lot of taxpayer money will be spent trying to shut us down. 
The 'Dark Web,' eh?
Did 'Silk Road' just not sound scary enough, or what?
Did 'Silk Road' just not sound scary enough, or what?
Well I guess that counts.
Bitcoin just appeared on Al Jazeera:
http://english.aljazeera.net/video/americas/2011/06/20116655012909169.html
http://english.aljazeera.net/video/americas/2011/06/20116655012909169.html
Quote
Two US senators are asking federal authorities to crack down on an online narcotics market that accepts 'virtual' currency.
The 'Dark Web', an anonymous and secretive online community that trades in heroin, cocaine and methamphetamines among other drugs, has been operating unhindered for months.
The two senators have written to the US Justice Department and Drug Enforcement Administration asking them to shut down and investigate the site.
Al Jazeera's John Terrett reports.
The 'Dark Web', an anonymous and secretive online community that trades in heroin, cocaine and methamphetamines among other drugs, has been operating unhindered for months.
The two senators have written to the US Justice Department and Drug Enforcement Administration asking them to shut down and investigate the site.
Al Jazeera's John Terrett reports.
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