Where did Bitcoin go Wrong???
http://money.cnn.com/video/technology/2014/10/29/jeffrey-robinson-bitcoin.cnnmoney/index.html?iid=MKT_Taboola
http://money.cnn.com/video/technology/2014/10/29/jeffrey-robinson-bitcoin.cnnmoney/index.html?iid=MKT_Taboola
I love that we have the internet just so that these idiots ignorance can eventually get exposed
Didn't sound that unreasonable to me.
It doesn't make much sense though.
"the blockchain technology is this brilliant technology but the currency isn't any good" is his argument.
Without the currency no one would be supporting the blockchain technology
No one would be spending $ on mining if there wasn't a reward.
He comes off like a dbag for the first minute or so, no doubt. No need for him to lead with "omg fukkin cultists" (or even use the term at all) because it shuts out anybody who doesn't already agree with him.
Based on that, I understand if most of you didn't get this far, but I'd like to hear your thoughts on his calling out the Winkles on pumping it up so they can dump at a higher price? You might believe in the technology, but do you think it is a cash grab for them, or do you think they're really on board with this?
In my personal opinion they (Winklevoss brothers) are ever-lucky fools (considering who they are but where they are today).
However, I barely know anything about them other than they are being related to Facebook, Bitcoin and Olympics (which I find to be a strange combination because you can't fine-tune both your body and your mind for two distinctly different things at the same time; testosterone can suppress higher mental functions for some limited degree and business requires a different mindset than sports).
I saw the Hollywood movie about Facebook (which I assume to be very far from reality) and I saw them talking about Bitcoin a few times here and there (mostly in those kind of talk shows which probably don't allow anybody to talk freely and honestly) where they gave me the impression that they are admittedly planning to dump most if their BTC for as much USD as possible rather than planning to build a future around it so they can keep it.
They probably see the current price as an overinflated bubble (still) and they wouldn't buy a single satoshi if they discovered BTC today. This implies they are probably ready to dump for a lot less (~100$ or less) if they come to the conclusion that they should do so.
