Post
Topic
Board Speculation
Re: rpietila Calling the Bottom
by
cbeast
on 14/01/2015, 06:27:07 UTC

Really? Could you please explain how those 100'000 people get more "freedom from oppresive governments" by using bitcoin?  Is "freedom"  just evading taxes, or buying illegal drugs, weapons, child porn -- or is there something else?


What a loaded question.

Quote
Claim: in its 6 years of existence, bitcoin has caused 1000x more damage than benefits to the world.

The number may be exaggerated, but can you dispute it?  If you add MtGOX and all the other bitcoin scams and thefts, add the use of bitcoin in financing crime, all the people who had their life ruined for believing in the fantastic price predictions or gambling in online casinos -- you will get easily a billion dollars of damages inflicted on mankind.  Even if you subtract the cases of thieves stealing from other thieves, crooks scamming other crooks, and scumbags profiting at the expense of other scumbags, you are still left witha balance of hundreds of millions transferred from those who worked for that money to those who did nothing to deserve it, by the force of misleading claims and impossible promises.

Such hysterics. Any detrimental side of this Wild West is short term and can be tamed by technological advancement. This isn't some pie in the sky prediction. Stuff is getting solved.

Quote
And what good has bitcoin brought to mankind?  Savings of a few % in the purchases of trinkets from Newegg and Overstock?

A complete distortion.

Quote
Bitcoin is mostly a Chinese thing now: they make the most ASICs, they have the most miners, their exchanges have most of the volume.  But hwat has bitcoin done for human rights in China?  Or in any part of the world? Perhaps bitcoin will one day make good on its promise to bring freedom and productivity.  But so far its score is not good at all.

At least you give it some chance to do so. We must me making progress here.
At least some of us appreciate your efforts and/or troll baiting.  Grin