Topic: --- You Are Not Late --- - page 2. (Read 4249 times)

Quote from: Ibian on August 10, 2014, 11:01:29 AM

Less than 0.1% of the world uses bitcoin. We are all early adopters. So will the next 0.9% be. We are all here before fucking wallstreet, that makes us financial geniuses if things keep growing.

Wall street getting into bitcoin might drive up the price, but they might end up screwing the bitcoin economy.

Care to elaborate on that?

One possibility - bitcoin derivatives which greedy Joes on the street end up investing in. If they lose their money, bitcoin might get blamed. Tongue

So what about it? Why would that be a problem?

It would decrease adoption by common people. We don't want that happening, do we?

That scenario is not a matter of "if" but "when". Dumb people are going to do dumb things and make dumb decisions. The technology involved has nothing to do with it, so it ultimately won't matter.

Sadly you are exactly right. There will always be shady people taking advantage of unwise people around any currency. It just gets more attention with bit coin. Ironically the fiat system does this on a massive scale but people tend to not pay attention to it.

This is why there needs to be applications and apps that makes using BTC more user friendly and more "idiot proof"; I have not been able to use circle yet, but I would expect that this would be one example of how using bitcoin can be like this.

Ron~Popeil

sr. member

Activity: 406

Merit: 250

Quote from: botany on August 10, 2014, 10:54:18 AM

Quote from: e1ghtSpace on August 09, 2014, 04:27:35 PM

Less than 0.1% of the world uses bitcoin. We are all early adopters. So will the next 0.9% be. We are all here before fucking wallstreet, that makes us financial geniuses if things keep growing.

Wall street getting into bitcoin might drive up the price, but they might end up screwing the bitcoin economy.

Care to elaborate on that?

One possibility - bitcoin derivatives which greedy Joes on the street end up investing in. If they lose their money, bitcoin might get blamed. Tongue

So what about it? Why would that be a problem?

It would decrease adoption by common people. We don't want that happening, do we?

That scenario is not a matter of "if" but "when". Dumb people are going to do dumb things and make dumb decisions. The technology involved has nothing to do with it, so it ultimately won't matter.

Sadly you are exactly right. There will always be shady people taking advantage of unwise people around any currency. It just gets more attention with bit coin. Ironically the fiat system does this on a massive scale but people tend to not pay attention to it.

giveBTCpls

sr. member

Activity: 322

Merit: 250

Quote from: mrmousebtc on August 08, 2014, 12:29:19 AM

Reading the article seems that investing in 2014 is the easiest thing of the world but for a newbie like me isn't, I don't even know where to start.

Well if you build up your member status, you can join a signature campaign and get paid for posting on here. I've joined one where I get paid 0.0007 for every post! My goal is to post 10 times each day so that i'll have made 0.21 btc in just one month. Much better than my last campaign on 0.06 for at least 50 posts.

Is it even confirmed that your signature campaing pays? As far as I know there was a debate going on about how people were untrustful of that site because it was brand new and whatnot.

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: botany on August 10, 2014, 10:54:18 AM

Less than 0.1% of the world uses bitcoin. We are all early adopters. So will the next 0.9% be. We are all here before fucking wallstreet, that makes us financial geniuses if things keep growing.

Wall street getting into bitcoin might drive up the price, but they might end up screwing the bitcoin economy.

Care to elaborate on that?

One possibility - bitcoin derivatives which greedy Joes on the street end up investing in. If they lose their money, bitcoin might get blamed. Tongue

So what about it? Why would that be a problem?

It would decrease adoption by common people. We don't want that happening, do we?

That scenario is not a matter of "if" but "when". Dumb people are going to do dumb things and make dumb decisions. The technology involved has nothing to do with it, so it ultimately won't matter.

botany

legendary

Activity: 1582

Merit: 1064

Less than 0.1% of the world uses bitcoin. We are all early adopters. So will the next 0.9% be. We are all here before fucking wallstreet, that makes us financial geniuses if things keep growing.

Wall street getting into bitcoin might drive up the price, but they might end up screwing the bitcoin economy.

Care to elaborate on that?

One possibility - bitcoin derivatives which greedy Joes on the street end up investing in. If they lose their money, bitcoin might get blamed. Tongue

So what about it? Why would that be a problem?

It would decrease adoption by common people. We don't want that happening, do we?

Ibian

legendary

Activity: 2268

Merit: 1278

Less than 0.1% of the world uses bitcoin. We are all early adopters. So will the next 0.9% be. We are all here before fucking wallstreet, that makes us financial geniuses if things keep growing.

Wall street getting into bitcoin might drive up the price, but they might end up screwing the bitcoin economy.

Care to elaborate on that?

One possibility - bitcoin derivatives which greedy Joes on the street end up investing in. If they lose their money, bitcoin might get blamed. Tongue

So what about it? Why would that be a problem?

botany

legendary

Activity: 1582

Merit: 1064

Less than 0.1% of the world uses bitcoin. We are all early adopters. So will the next 0.9% be. We are all here before fucking wallstreet, that makes us financial geniuses if things keep growing.

Wall street getting into bitcoin might drive up the price, but they might end up screwing the bitcoin economy.

Care to elaborate on that?

One possibility - bitcoin derivatives which greedy Joes on the street end up investing in. If they lose their money, bitcoin might get blamed. Tongue

Ibian

legendary

Activity: 2268

Merit: 1278

Less than 0.1% of the world uses bitcoin. We are all early adopters. So will the next 0.9% be. We are all here before fucking wallstreet, that makes us financial geniuses if things keep growing.

Wall street getting into bitcoin might drive up the price, but they might end up screwing the bitcoin economy.

Care to elaborate on that?

botany

legendary

Activity: 1582

Merit: 1064