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Topic: is greed good? - page 2. (Read 2090 times)

sr. member
Activity: 280
Merit: 250
Relax!
July 06, 2014, 07:15:39 PM
#24
even if greed is good for competition, effective economy, there are extremes...
hero member
Activity: 532
Merit: 500
July 06, 2014, 07:05:03 PM
#23
Greed is good, its what drives us for capitalism. Its just when the banks fail - they shouldnt get bailed out which is socialism.

A true capitalism system, would be its over when do fail. So if you earned loads of bitcoin, eventually you start creating more business`s as the same.

Think about it, who gives you a check to pay the bills.

Greed needs temperance, even in capitalism.  Otherwise, people try to take advantage of each other to get more money, and you end up with a society in which no one cares about anyone else.
full member
Activity: 182
Merit: 100
July 06, 2014, 12:31:03 AM
#22
doesn't sound good to me. Huh
sr. member
Activity: 294
Merit: 250
***THIS ACCOUNT IS NO LONGER ACTIVE***
July 05, 2014, 10:35:18 PM
#21
I can't believe OP is actually asking this question...
sr. member
Activity: 252
Merit: 250
July 05, 2014, 07:16:34 PM
#20
Is greed good or bad for bitcoin, could real greed hurt the market?

of course it's good (if it's done in a stable atmosphere, i.e. crack dealers)
full member
Activity: 182
Merit: 100
July 05, 2014, 07:14:54 PM
#19
I have an idea on how to stop greed on alt coins in general, thats why these coins fail. before the greedy bastards came in there were nothing but geeks having fun with bitcoin and mining for fun, not for profit. 

once bitcoin became worth real money, things done changed.
sr. member
Activity: 448
Merit: 250
July 05, 2014, 07:14:01 PM
#18
I have an idea on how to stop greed on alt coins in general, thats why these coins fail. before the greedy bastards came in there were nothing but geeks having fun with bitcoin and mining for fun, not for profit. 
newbie
Activity: 55
Merit: 0
July 05, 2014, 07:12:06 PM
#17
Greed is good, its what drives us for capitalism. Its just when the banks fail - they shouldnt get bailed out which is socialism.

A true capitalism system, would be its over when do fail. So if you earned loads of bitcoin, eventually you start creating more business`s as the same.

Think about it, who gives you a check to pay the bills.
full member
Activity: 182
Merit: 100
July 05, 2014, 07:01:22 PM
#16
i don't think greed is good. i think more evolved ways of living and viewing the world will develop eventually. Smiley
legendary
Activity: 2170
Merit: 1427
July 05, 2014, 09:03:55 AM
#15
Greed is fantastic, it's in our human nature, we can't help.

If I were a banker working for Goldman Sach, I would take extra risk for a larger bonus.

I would manipulate markets to make profit.

If you don't do it, other person will do it. It's that simple.

Make something of your life, you only live once!!!

ps. I like your starting bid for your signature, any queries yet?

Unfortunately not, but I'm waiting, and waiting, and waiting  Cheesy
legendary
Activity: 1806
Merit: 1024
July 05, 2014, 07:30:52 AM
#14
One may debate if greed is morally good or bad. I'd say it's human nature, hence it's fairly neutral.

But regarding the effects of greed on bitcoin - essentially on the valuation of bitcoin - I'd argue that too much greed may harm bitcoin. That's because greed could drive prices skyhigh out of mere speculation without solid fundamental backing, increasing volatility and as a result of that leading to less actual use of bitcoin as a currency. I think bitcoin should not rise too fast in valuation without solid fundamental underpinning - that means business and customer adoption.

ya.ya.yo!
member
Activity: 112
Merit: 10
July 05, 2014, 07:12:08 AM
#13
depends

bitcoiners like to gamble

greed makes you bet too much and greed makes you forget when you need to stop, you can't be satisfied with the money you gathered and you lose everything..

today I lost 150 000 dogecoins because I didn't stop on time..

(my initial investment was 100 000)

hopefully I invested 1BTC on PrimeDice and withdrawn 1.1BTC so I'm out of the negative area Cheesy

legendary
Activity: 1638
Merit: 1010
https://www.bitcoin.com/
July 05, 2014, 06:12:00 AM
#12
Greed is fantastic, it's in our human nature, we can't help.

If I were a banker working for Goldman Sach, I would take extra risk for a larger bonus.

I would manipulate markets to make profit.

If you don't do it, other person will do it. It's that simple.

Make something of your life, you only live once!!!
I think your right its in our nature and we'll find anyway to justify our greed, like first I'll get rich then I'll help others.
ps. I like your starting bid for your signature, any queries yet?
legendary
Activity: 2170
Merit: 1427
July 05, 2014, 05:53:17 AM
#11
Greed is fantastic, it's in our human nature, we can't help.

If I were a banker working for Goldman Sach, I would take extra risk for a larger bonus.

I would manipulate markets to make profit.

If you don't do it, other person will do it. It's that simple.

Make something of your life, you only live once!!!
newbie
Activity: 47
Merit: 0
July 05, 2014, 05:50:27 AM
#10
no greed cant hurt btc market

only community have that power
hero member
Activity: 532
Merit: 500
July 05, 2014, 05:40:46 AM
#9
What do you mean by, "good for bitcoin"?  If you mean higher prices, then greed will certainly help, until the ensuing crash, anyway.  Greed can also lead to more bitcoin businesses and bitcoin adoption, so it could be beneficial in that way, too.  But if you're looking for market stability, greed will be a hindrance.
legendary
Activity: 1638
Merit: 1010
https://www.bitcoin.com/
July 05, 2014, 02:23:47 AM
#8
Well Greed gives you to earn more and more .Greed makes you self centered and you only think about your own growth in terms of wealth

you become in some cases anty social in the greed of being wealthy . I dont  think greed is a good and it is a must avoid

greedy people always lose in the end because in their greed to earn more and more they take high level of risk and finally they are being scammed

by other people
Maybe but that only means that the greedy are being scammed by people even more greedy. It will never end.
member
Activity: 63
Merit: 10
July 05, 2014, 02:16:14 AM
#7
Well Greed gives you to earn more and more .Greed makes you self centered and you only think about your own growth in terms of wealth

you become in some cases anty social in the greed of being wealthy . I dont  think greed is a good and it is a must avoid

greedy people always lose in the end because in their greed to earn more and more they take high level of risk and finally they are being scammed

by other people
legendary
Activity: 1204
Merit: 1001
July 05, 2014, 01:54:52 AM
#6
American Greed is a good show.  Grin
legendary
Activity: 1638
Merit: 1010
https://www.bitcoin.com/
July 05, 2014, 01:49:25 AM
#5
Thanks for the link it was good to watch again but I've had that shit memorized for years.
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