Should BTC Opinions be valued based on your BTC wallet size? - page 2.

Monumental

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Quote from: marky89 on August 20, 2016, 03:33:45 PM

Quote from: ClownSpider on August 20, 2016, 03:14:58 PM

Should BTC Opinions be valued based on digital signature verifiable wallet size?

Absolutely not. Then we'd have morons like Roger Ver running things. No thank you. There are plenty of idiots who were in the right place at the right time. Some deserve more credit than that, but are still idiots. Shouldn't give their opinions any more weight.

As with anything else, the worthiness of an opinion should be based on merit. Intelligence and excellence should be rewarded. Not the ability to show control over some coins.

The bitcoin is not a PoS coin, so the opinion is not valuated by the wallet size. But it is valued by the PoW mining hash.

Red-Apple

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Quote from: ClownSpider on August 20, 2016, 03:14:58 PM

How about people start a new trend of "This is my question _____ This is how much BTC I have _____, here is proof."
I have over 100 BTC, so I can talk smack about economics of BTC if I want.

this can't be the only criteria for giving value to what other people say. for once reason, rich people aren't always wise people they may have come to the money through inheritance.

but if someone has earned that much bitcoin (100, 1000, ...) from the ground up by trading or whatever method and also gives good and honest advice then by all means that person's posts should be written with gold.

Senor.Bla

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you are a clown like you nick suggests.
here are just some points:

- i have more bitcoin then warren buffett, so do not go to him for advice. ask me.
- in 2010 some friend of mine got 100 bitcoins in a chat as a gift to try out. i guess he must be some kind of a guru to you since he is so good with money.
- i will take a competent nurse over an incompetent doctor who won his diploma every time.
- remember that guy who took his faucet bitcoins to a dice game and had some 100 bitcoins after a couple of lucky hours? i am sure you do, this is where you get your advice from right.

there are plenty more, but i do not want to waste my time on you. go troll some other place.
btw i get the impression that you think you are rich with you 100 bitcoins. but in the real world this is nothing.
and even if you made 100 bitcoins in one year, this is average. some might even consider you poor.

Lauda

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Quote from: ClownSpider on August 20, 2016, 03:14:58 PM

I see a LOT of idiotic opinions about BTC going UP, DOWN, Conspiracy, taxes, Doomsday theories, and pointlessly impossible hypothetical theories. Taxes, anti anonymous BTC wallets, etc.

That's the problem when you have a lot of unregulated signature campaigns in the Services section. Some members genuinely have horrible knowledge, while others are going to post just about anything to get paid.

Quote from: ClownSpider on August 20, 2016, 03:14:58 PM

Trolls get rank by posting this trash, to get high post counts and more stats on their profile. Insane people are incapable of amassing 100 BTC, and the economic opinions of poor people are an oxymoron.

You're wrong. We have big holders (a nice example would be Roger Ver) who either have very limited knowledge or very faulty knowledge. Intelligence/knowledge in the Bitcoin ecosystem is usually not the causation of a 'fat wallet'.

Quote from: ClownSpider on August 20, 2016, 03:14:58 PM

Should BTC Opinions be valued based on digital signature verifiable wallet size?

Considering everything that was said, the answer is no.

Quote from: NorrisK on August 21, 2016, 05:22:21 AM

Or do you think Trump will make a good president because he got a couple of billion dollars? Money does make you good at something.

That's a decent example.

Quote from: NorrisK on August 21, 2016, 05:22:21 AM

Having 100 BTC does not mean you know a lot about BTC, for all anyone knows those coins were amassed when bitcoin was near worthless. If you gathered them in the recent years, it is more impressive for sure, but it could still mean you threw a lot of fiat at it just to buy them. This again, does not make you a bitcoin specialist.

That number is not impressive, but I assume it was just a example with a trivial number. It could be just some random investor that threw in some money in the ecosystem. Do we start listening to them now? Definitely no.

zend7

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Quote from: marky89 on August 20, 2016, 03:33:45 PM

Quote from: ClownSpider on August 20, 2016, 03:14:58 PM

Should BTC Opinions be valued based on digital signature verifiable wallet size?

Absolutely not. Then we'd have morons like Roger Ver running things. No thank you. There are plenty of idiots who were in the right place at the right time. Some deserve more credit than that, but are still idiots. Shouldn't give their opinions any more weight.

As with anything else, the worthiness of an opinion should be based on merit. Intelligence and excellence should be rewarded. Not the ability to show control over some coins.

Just the perfect answer, I agree with you we have plenty of idiots who were in the right place at the right time and they don't deserve any credit. Opinions should not be based on wallet size but on the intelligence of the person and the beauty of the idea presented by them. If its a good idea we should take it even from the poorest wallet and if its a bad idea we should abandon it even if its from the richest bitcoin wallet now.

Kprawn

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Yes, let's allow only rich people to talk and piss on poor people's opinion.... What a sad day it will be, if only rich people can have an opinion about something and the poor people will not be allowed to

talk. Is this not what Bitcoin should prevent? It's because of this elitist arrogance that poor countries revolt against the rich people, and when Rome is burning.. rich people flee the country. Money

should not be used to discriminate against poor people. Bill Gates and many other poor people started in a basement and worked their way to the top.... they had a opinion and they made it count. Angry

NorrisK

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Money does not equal intelligence.. Or do you think Trump will make a good president because he got a couple of billion dollars? Money does make you good at something.

Having 100 BTC does not mean you know a lot about BTC, for all anyone knows those coins were amassed when bitcoin was near worthless. If you gathered them in the recent years, it is more impressive for sure, but it could still mean you threw a lot of fiat at it just to buy them. This again, does not make you a bitcoin specialist.

I'd rather have someone show me a clear track record of previous correct calls or services set up. This would give me more confidence than showing a signed message from an address holding 100 btc..

Pursuer

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Quote from: ClownSpider on August 20, 2016, 03:14:58 PM

I see a LOT of idiotic opinions about BTC going UP, DOWN, Conspiracy, taxes, Doomsday theories, and pointlessly impossible hypothetical theories. Taxes, anti anonymous BTC wallets, etc.
Trolls get rank by posting this trash, to get high post counts and more stats on their profile.

how do you know some of these trolls aren't holding a lot of bitcoin themselves and are here to enjoy some shittalk and spread some FUD and go away and continue their accumulation?
you think kuakduck the fuck in speculation board and a lot of others, are holding 1 satoshi and he has been spamming "bitcoin is dead" topics because of that 1 satoshi?

Quote

Insane people are incapable of amassing 100 BTC, and the economic opinions of poor people are an oxymoron.
How about people start a new trend of "This is my question _____ This is how much BTC I have _____, here is proof."
I have over 100 BTC, so I can talk smack about economics of BTC if I want.
Put your money where your mouth is next time you have some oxymoron troll thing to say.

no sane person would publicly announce how much bitcoin he owns. that is the death of his privacy and will surely make him a target. target for all kinds of attacks online like hacks and offline like attacking him with a knife on the streets Cheesy

Quote

It is sad that half of the users engage in such pointless threads.
Should BTC Opinions be valued based on digital signature verifiable wallet size?

people should not really put too much value on things they read online.
it is all data and you have to process it with your own knowledge and experience using your brainpower and turn it into useful information.

p.s. someone with 100BTC is not wasting his time posting economical threads for others to use!

Herbert2020

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Quote from: ClownSpider on August 21, 2016, 01:08:31 AM

When it comes to finance:
You really want to listen to a bum?
Or to Warren Buffet?

neither!
a bum knows nothing about finances otherwise he wouldn't be a bum (even though there is a chance that he might) so no listening to here

also a financial giant like Warren Buffet or whoever else is not going to guide you and me free of charge just out of the kindness of his heart. they do everything privately and for their own benefit. so you would be pretty stupid to listen to them too. and what you see in public or read in the news is only the tip of the iceberg and who knows why they do what they do and show to public.

ClownSpider

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Quote from: BTCLovingDude on August 20, 2016, 11:39:14 PM

NO.
having money and lots of it doesn't grant you knowledge and certainly does not give your opinion any special value.
someone who has a lot of bitcoin (eg 100BTC) only proves that he was rich and he decided to invest in bitcoin, that is all. he may as well know less than a newbie with 0.01BTC

Transaction records would show if BTC was purchases suddenly or gained over time.

Someone with .01 BTC knows nothing about gaining, keeping, or earning BTC.
Are you kidding? lol

When it comes to finance:
You really want to listen to a bum?
Or to Warren Buffet?

Listen to the bum, and remain at that level then.

The world moves on even if you are busy hugging trees, promising political correctness, and kissing babies.
Meanwhile the Alpha people are busy making money while you are talking about dreams of poor people being equally wise to the ways of economics. lol

I love how stupid you people are.

pooya87

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Quote from: ClownSpider on August 20, 2016, 03:14:58 PM

I see a LOT of idiotic opinions about BTC going UP, DOWN, Conspiracy, taxes, Doomsday theories, and pointlessly impossible hypothetical theories. Taxes, anti anonymous BTC wallets, etc.

Trolls get rank by posting this trash, to get high post counts and more stats on their profile.
Insane people are incapable of amassing 100 BTC, and the economic opinions of poor people are an oxymoron.

How about people start a new trend of "This is my question _____ This is how much BTC I have _____, here is proof."
I have over 100 BTC, so I can talk smack about economics of BTC if I want.
Put your money where your mouth is next time you have some oxymoron troll thing to say.

It is sad that half of the users engage in such pointless threads.

Should BTC Opinions be valued based on digital signature verifiable wallet size?

if everybody accepts this logic then a whale that is spreading FUD about bitcoin to reach his evil goals of creating panic is getting more legitimacy this way but in fact what he is spreading is pure FUD.

check out speculation board you will see countless examples

BTCLovingDude

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BTC to the moon is inevitable...

NO.
having money and lots of it doesn't grant you knowledge and certainly does not give your opinion any special value.
someone who has a lot of bitcoin (eg 100BTC) only proves that he was rich and he decided to invest in bitcoin, that is all. he may as well know less than a newbie with 0.01BTC

franky1

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i never tell anyone exactly how many coins i have, nor do i expect anyone else to.
though i have judged people if i see they are obvious altcoin fanboys and are doing their best to ruin bitcoin in favour of another coin.

but the way i see the OP's question, and my response to it is this.

how is the bitfinex hacker deemed more important part of bitcoin, then 110,000 people with just 1 bitcoin each?
i feel
no single voice should have power over thousands of people just because they are "rich"
no single voice should have power over thousands of people just because they are hash-heavy
no single voice should have power over thousands of people just because they are "the A team"

thinking that money=power is the failed mindset of fiat. lets not be sheep and bring those failures across to bitcoin

LegendaryMiner

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I don't think so, there are people who just got lucky. Others have not been so lucky, but they can go further through the efforts.

ClownSpider

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Quote from: The Sceptical Chymist on August 20, 2016, 05:57:05 PM

Quote from: ClownSpider on August 20, 2016, 03:14:58 PM

Insane people are incapable of amassing 100 BTC, and the economic opinions of poor people are an oxymoron.

Not true at all. Look at Robert Durst: Insane as they come, and he amassed his fortune through inheritance and managed to keep it through his entire life of unbridled insanity. He was caught shoplifting something like a can of tuna, and he had $50,000 cash in his car. I would argue that the second half of the above statement is also false. You don't need to collect stamps to be a philatelist, and you don't need to have money to have an opinion on it.

I agree you don't need to have money to have an opinion on it.
I do not want the "opinion" of a poor person on economics!
I do not want the "opinion" of a NON doctor, about which pills I can mix, or other vital health life or death issues.
I do not want the "opinion" of a NON programmer, on how to program.
I do not want the "opinion" of someone who has no bitcoin, on how to get bitcoin, or has never done it before.

You see what I am saying?

Your example of Robert Durst does not apply.
So far nobody has inherited bitcoin.
Nobody has amassed bitcoin without earning (or stealing it). Those that stole it, will not likely talk about having it or attempt to publicly invest or discuss economics. lol

So it is safe to assume those with 100+ BTC managed to succeed in investing, trading, earning, mining or a combination of several.

I can think of some secret service guys who stole some BTC, but have been caught.
The MTGOX asshole sure isn't going to come here and say he has 100000+ bitcoin.
Or the guy that jacked $60M USD worth last month either.

The Sceptical Chymist

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Quote from: ClownSpider on August 20, 2016, 03:14:58 PM

Insane people are incapable of amassing 100 BTC, and the economic opinions of poor people are an oxymoron.

Not true at all. Look at Robert Durst: Insane as they come, and he amassed his fortune through inheritance and managed to keep it through his entire life of unbridled insanity. He was caught shoplifting something like a can of tuna, and he had $50,000 cash in his car. I would argue that the second half of the above statement is also false. You don't need to collect stamps to be a philatelist, and you don't need to have money to have an opinion on it.

ClownSpider

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Quote from: unamis76 on August 20, 2016, 03:29:11 PM

No. There are people with a lot of money that don't really say/do/support anything good and there are a lot of poor people with great ideas (some of these people get ignored simply because they don't have money).

Opinions are already based on money with fiat currencies. We definitely do not want that with Bitcoin.

EDIT: this made me remember this thread. Maybe an interesting read for you. Reading my posts quickly, I can say my opinion didn't change much since then.

The "poor people" as you call them have no place giving financial advice if they cannot save, earn, or keep any coin.

If opinions are already based on money with fiat currencies that would be great.
Unfortunately it is not. Political correctness, the invention of shaming people for having an opinion or correcting others that are discussing, fat, Islamic, etc are the inventions of people like you.. poor, without the ability to demonstrate responsible money management etc that just troll around giving advice on subjects they are not qualified to speak on.

I will check the other thread for sure =)

Quote from: marky89 on August 20, 2016, 03:33:45 PM

Absolutely not. Then we'd have morons like Roger Ver running things. No thank you. There are plenty of idiots who were in the right place at the right time. Some deserve more credit than that, but are still idiots. Shouldn't give their opinions any more weight.

As with anything else, the worthiness of an opinion should be based on merit. Intelligence and excellence should be rewarded. Not the ability to show control over some coins.

I have no idea who Roger Ver is, unless I google him. So he ain't running jack shit in my world.

Yes Intelligence should be rewarded, but how to we identify it if all these people who cant make money want to talk about making money?

This is a Bitcoin Forum. So the Merit and worthiness can be measured and demonstrated based on how well you treat your bitcoin. Those without any bitcoin, lose it, cant find any, etc... are talking too much about bitcoin when they have no experience or merit on the subject.

raphma

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Quote from: ClownSpider on August 20, 2016, 03:14:58 PM

I see a LOT of idiotic opinions about BTC going UP, DOWN, Conspiracy, taxes, Doomsday theories, and pointlessly impossible hypothetical theories. Taxes, anti anonymous BTC wallets, etc.

Trolls get rank by posting this trash, to get high post counts and more stats on their profile.
Insane people are incapable of amassing 100 BTC, and the economic opinions of poor people are an oxymoron.

How about people start a new trend of "This is my question _____ This is how much BTC I have _____, here is proof."
I have over 100 BTC, so I can talk smack about economics of BTC if I want.
Put your money where your mouth is next time you have some oxymoron troll thing to say.

It is sad that half of the users engage in such pointless threads.

Should BTC Opinions be valued based on digital signature verifiable wallet size?

it's up to you who you trust... there are those morons but that doesnt mean the community will trust than over you or any other member with less bitcoins.

marky89

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Quote from: ClownSpider on August 20, 2016, 03:14:58 PM

Should BTC Opinions be valued based on digital signature verifiable wallet size?

Absolutely not. Then we'd have morons like Roger Ver running things. No thank you. There are plenty of idiots who were in the right place at the right time. Some deserve more credit than that, but are still idiots. Shouldn't give their opinions any more weight.

As with anything else, the worthiness of an opinion should be based on merit. Intelligence and excellence should be rewarded. Not the ability to show control over some coins.

unamis76

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Quote from: ClownSpider on August 20, 2016, 03:14:58 PM

Should BTC Opinions be valued based on digital signature verifiable wallet size?

No. There are people with a lot of money that don't really say/do/support anything good and there are a lot of poor people with great ideas (some of these people get ignored simply because they don't have money).

Opinions are already based on money with fiat currencies. We definitely do not want that with Bitcoin.

EDIT: this made me remember this thread. Maybe an interesting read for you. Reading my posts quickly, I can say my opinion didn't change much since then.

Topic: Should BTC Opinions be valued based on your BTC wallet size? - page 2. (Read 1829 times)