Topic: The most respected technologists against bitcoin (Read 2420 times)

+21,000,000 

I just watched that whole thing.  Wow.  He keeps saying derivative, I don't think he even knows what the fuck that is lol

AFAIK, he has just warned about BTC not being truly anonymous.



It's funny when people say "Fiat money is backed by gold in Central Banks"... 

Not sure if this guy fits your requirements, but he's an IT expert.
Or so he says.
https://www.youtube.com/watch?v=YycWNwtbaG8

Lol , too many negative for bitcoins

Miguel de Icaza: http://tirania.org/blog/archive/2013/Apr-12.html

He's the guy behind gnome and other open source projects.

That was exactly why I asked about technologists against btc and not economists because at the heart of it they don't understand/embrace true technological disruption/innovation before it gets too obvious.

And by the way this is not a new phenomena, look back to history of all great inventions and the economists/incumbents/government laughed/ignored/tried to kill/regulate.

you all should just read some more history and actually see this as a sign that bitcoin is on to something really big. Personally I get kind of relieved when I read about krugman/jamie damie take on btc, that is how it should be according to history -otherwise it wouldn't be so disruptive.

Whole idea with really true disruption is that nobody or very few gets it.

I love it when people tell me... "watch out for bitcoin it has no intrinsic value."   I just ask them "what is intrinsic value?" and then they are stumped.   Most of the people that I know that are against bitcoin seriously think they are economists (in their own minds).

You've had ample opportunity to pump your inflata-coin by now.  What's the market cap?  $2 million?

I think it's time to admit that the experiment's over, and to stop pretending that Keynesian economists have any idea what they are talking about.  Inflation has been demonstrated to be a burden on economies, not a benefit.  No one wants Freicoin.

People here need to understand that the 'Block-chain-technology' is a very different thing from the 'deflationary BTC monetary system'.

The technology has always been described as highly robust, innovative and useful by Technologists.
The monetary system has always been described as speculative, unsustainable and near fraudulent by Economists.

When you find an economist speculating about the technology, or a technologist speculating about economics you can and should dismiss thouse comments regardless of if they are pro or con.

the reason you can't find any OP is because if you actually understand what bitcoin is and how it works, you immediately "get it".

Richard Stallman, because apparently he likes paying taxes to support failed military adventurism.

Dan Kaminsky was against Bitcoin initially, but about half a year ago he did a complete 180.

I'd say that's the thing that hurts them the most is their ponzi scheme nature where being in the right place at the right time can make you huge coin while right now you have to cough up 800 USD just to buy one measly bitcoin and to trade it for other currencies requires exchanges that are laggy, crash, and have been known to steal users money, with chinese based phone reps, and run out of China for all I know. Just not very secure/trustworthy at this point and the actual number of users transacting with crypto currencies as a whole is still very low.... the top heavy nature of them (2% of the users holding 65% of the coins) is still a cause for concern.. with that said if bitcoin ever has a real selloff and some of these top holders holdings get distributed I'll consider buying a few. If I miss out on some moonshot so be it but I'm not paying 800 bucks to questionable exchanges to buy a bitcoin... I'll pay maybe 400-500.

If I was lucky enough to have 1000 bitcoin I wouldn't be holding it, I'd be buying platinum or palladium bullion with it discretely and trying to evade taxes on it while selling at least half my stake. I wonder what percentage of these bitcoins are simply 'lost forever' because they were simply forgotten about early on by their miners or whatever... unfortunately there's no real way to know.

What could be true? It being a ponzi?

Haha. This is like asking someone at Apple's 'Genius' Bar.

My favorite is, "My financial guy doesn't like it, so he told me not to invest."

Everyone is greedy.

Corporations screw you in the butt by charging you for services because they know you have no where else to turn to or are too lazy/ignorant to look into alternatives. Bank of America with it's ridiculous "free" checking service fees anyone?

The government screws you anally with no lube, I barely make 3k a month and get 700-800 taken out of my paycheck. Awesome huh?

Schools stick dildos up their students asses and turns on max vibrate mode. I'm still in student debt from University for another 5 years at least, paying back 40k in fees.

If you live in America, expect to get screwed by everyone and go into debt if you adhere to the traditional way of life.

'So what has driven them to Bitcoin? The brief answer is greed'



well, hard to disagree with that.....crypto peeps are the greediest fuckers around.

Yes, i agree with you.

Anyway, I think there is a thing that has been well written by the OP:


Edit: to explain myself better, lol