Author

Topic: Greed is one of bitcoins most underrated aspects (Read 490 times)

legendary
Activity: 3752
Merit: 1217
December 19, 2013, 06:01:05 AM
#5
but greed is also the reason why man are investing into bitcoin.

No. Definitely not. Almost all of the early adopters supported the Bitcoin for ideological reasons. But still, I agree that the recent boom, which was created by rising demand in China and other developing nations may be due to the hoarding of BTCs for investment purpose.
full member
Activity: 182
Merit: 100
The ball is in the court of the early adopters. It is time for some actual transactions of the huge coin stashes they've been sitting on.
sr. member
Activity: 434
Merit: 250
In my opinion, greed is definitely preventing Bitcoin from becoming more mainstream. Since the Bitcoin transactions are irreversible and complex, a lot depends on honesty and trust. Unfortunately what I have seen so far is not encouraging.

but greed is also the reason why man are investing into bitcoin.
legendary
Activity: 3752
Merit: 1217
In my opinion, greed is definitely preventing Bitcoin from becoming more mainstream. Since the Bitcoin transactions are irreversible and complex, a lot depends on honesty and trust. Unfortunately what I have seen so far is not encouraging.
sr. member
Activity: 294
Merit: 250
Greed is a powerful force and it's an important aspect in the bootstrapping of bitcoin as a currency. Without the early adopter incentive there might not have been as many early adopters. It gets the ball rolling. And the ball is definitely rolling.
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