Topic: We're only in it for the money... (Read 3251 times)

Maybe nothing, but at the moment I'm only trying to find out where the developers stand. I would like to know if I were investing. Only if I were afraid the truth might damage my investments I'd attack someone posing this question.

i'm in it for the money.  what's wrong with that?

i'm in it as an investment - so i guess i'm a speculator.

i'm in it as a superior form of money, which - as TraderTimm points out above - is all about freedom.

i'm in it to profit in many ways, i guess.  and i understand that my profits will be greater if i use, rather than hoard.

but yeah.  money.  i like money.  good stuff.

Was this a request for the first bitcoin bailout?

Who are you, the FTC? give me a break.

Agreed. I would guess that 95% of this community would *like* to profit from either mining or trading BTC. There is a smallish minority for whom the ideological implications outwieght the economic considerations. But if I had to guess, those guys aren't hurting for money either.

Personally, My three miners are paid off, and im comfortable @ 1.5 Ghps. This was my plan 6 weeks ago. Everything from here on out is gravy.

I'm in it for the money ERRRRRRRRRRR freedom to sell less of my time to another employer.

I'm in it for the freedom.

Unfortunately, freedom in our society means having enough currency to live comfortably. This is the same in many parts of the world. Somehow, through the actions of billionaires and over-paid executives, we've gotten into this 'guilt' syndrome when it comes to wealth. It is okay for a celebrity to have millions, but no-no-no, not someone just wanting to live in a modest house and perhaps tend a garden when they feel like it.

I see bitcoin as payback for every abusive fee, every shortsighted policy, every time someone with control over the monetary system
took advantage of the regular joe/jane just because they could. This is the great equalizer, folks, make no mistake. If I were you, I'd inform anyone you care about exactly what bitcoin is and what it could do.

Stand up and say 'no more'.

Bitcoin, or nothing.

im in it for some free computer parts

buy computer, mine, sell btc, make money, repeat till computer is paid off or till i make double or triple and get out..

Whenever I think about putting more than a few thousand bucks into this I always go to the help menu and read the version number where it says this is BETA software.

Has bitcoin had a legitimate peer review done on it? There may be some big vulnerability discovered still that wipes out everything I put into it.

I love bitcoin and support it. However. It is new. It may not work. The idea behind it though is awesome!

Good luck with that. Seriously, most of your money goes to big companies with many shareholders that don't give a crap about "supporting life", whatever their ad campaigns may claim...

Accountable of what? What contract or oral promise did they break? Im honestly interested on knowing what do you think they are accountable of.

Actually I took that back almost 20 min. before you quoted me. You might have missed it, since your post is quite long. I'd appreciate it if you'd edit and apply a strikethough in your quote.

But I feel the need to explain the post I did that in.


I believe they should even have the right to actively mislead us, and not be sued for damages, but ofcourse I would never trust them again. That's how far the accountibility goes as fas as I'm concerned. I'm afraid that is my exceptional POV, society will think otherwise.

On the rest of your story: I think we're actually on the same side when it comes to 'power to the people' |-)

I'm only afraid that Bitcoin will do more damage to our common cause. But it is not my opinion that counts in this thread, I'm calling out for a stand of the core developers.

A btc is worth the economy behind bitcoins. The more shop accepting bitcoin, the more demand for btc. Supply/demand law etc. No one, absolutely no one can predict what this economy will be.

But the potential market is huge. I personally think a btc will be worth a 4 figures number of current euros.

Universal disclaimer:  Anybody reading any of my posts, I think that it goes without saying that all of that is purely my opinion.  You are all free to make up your own opinions.  I suppose I do not need to give you permission to listen or ignore my opinion?

In my opinion (and this statement is implied at all my posts!!, This is a forum discussion group about opinions - not a service I'm rendering!!)

Bitcoin has some valuable properties:

Secure, accounting system acting as a medium of exchange by enabling barter transactions almost instantly universally over short or vast distances using existing communication infrastructure!

Speculative properties:  As with new technologies - things get speculative!  And the speculator has decisions to make for himself...

Please explain?

I think one of the really great things about Bitcoin from a philosophical / ideological point of view is that due to its decentralized nature, it returns responsibility and power to the individual.
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Wrong. It brings power to the mob of speculators.

I think one of the really great things about Bitcoin from a philosophical / ideological point of view is that due to its decentralized nature, it returns responsibility and power to the individual. There's no company, no bank, no government that is responsible for Bitcoin, and no single individual or small group of individuals. It's a very large group of individuals - and anyone doing anything with Bitcoins (even talking about it) is part of that very large group.

So it's the real thing: Everyone is fully responsible for their own actions. One really nice thing about Bitcoin is that it's fully transparent - from the core concepts to the individual transactions to the client source code (and since it's a P2P network, there's no secret server, only equal clients ;-) ). So, what you do with Bitcoins and the consequences you have to face of what you do with Bitcoins are fully up to you. If someone feels they don't understand what's going on: Educate yourself, do the research, ask specific questions.

If someone feels they want to hold someone else accountable for their own actions (i.e. whether or not you buy and use Bitcoins or not), they're clearly not ready for this new age of which Bitcoin is a part of. In that case, it's probably best for you to stay in the illusion of powerlessness and blaming governments and banks for the financial desasters (and wars), and oil companies and Tepco (and the likes) for the destruction of our planet ... or big pharma for the destruction of our health - while in reality it's "most people" who gave those "evil greedy institutions" their money and power to do what they do (much of which I personally consider "seriously criminal" by the highest standards). IMHO, it's time for people to wake up and reclaim their own power and responsibility - step by step. It's kind of hard and usually not wise to try to drop out in one big step immediately - it's much more realistic to sustain by taking small steps, considering each step carefully before taking the next.

And Bitcoin clearly helps with that. IMHO, this is actually even kind of built in. Another thing that clearly helps, of course, is buying stuff from companies you did a little research on and did your best to find those that don't operate on greed but motives that are truthfully supporting life. And, equally important, working for (i.e. supporting) companies that you feel deserve your creative energy and make good use of it. Or completely do your own thing ;-)

 

With a turnover of about 50 000 BTC at MtGox and millions BTC being bought just because of speculative expectations - it will be a perfect disaster.

I know, some people does not want to hear the message.
OK, he who does not want to know will have to feel!

Good luck betting!

Thanks for not mining. I agree the situation is purely hypothetical. And I made a mistake saying the developers are accountable, they are not accountable. Unless they've actively mislead us into believing Bitcoins should be paid 30$ for, of which I have no information.

But I do hope some of the developers see that this might be getting a little out of hand. A (hypothetical) crash might reflect badly on any cryptocurrency and might reflect badly on them.

I don't mind if you think you would have some obligation in some hypothetical situation.

Or... you could hold yourself responsible for not speaking up to yourself when you sold your house to buy bitcoins and they crashed.  I suggest suing yourself for all losses, as your silence on the subject when you are so easily accessible to yourself would be nothing short of criminally negligent.

I'm actually suing myself right now because I didn't tell myself to buy Bitcoins last October; given that I act as my own financial adviser, I think I owe myself all the lost income from the price rises that I couldn't take advantage of.  I'm such a bastard.