Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 19/10/2015, 06:50:12 UTC
Quote from: billyjoeallen on October 19, 2015, 04:24:49 AM
Quote from: brg444 on October 19, 2015, 04:08:08 AM
Quote from: billyjoeallen on October 19, 2015, 04:01:49 AM
Quote from: brg444 on October 19, 2015, 03:55:47 AM
Quote from: billyjoeallen on October 19, 2015, 03:51:23 AM
Dash? Monero? (less traceable) Bitshares? (much much larger transaction capacity, built in smart contracts, etc) Should I go on?  Network effect didn't save MySpace.

 Cheesy

So a pre-mined POS & a ripple rip-off are going to steal Bitcoin's lunch money? Please... Cheesy

Comparing Bitcoin network effect to Myspace confirms my suspicions: you are beyond retarded.


Ok, so humor a retard, Einstein. what's wrong with the comparison? What make a four billion dollar first mover advantage so insurmountable in a world where WhatsApp gets sold to FB for 19 billion?

Cost, retard.

Moving from Myspace to Facebook entails no cost for the user.

Divesting from Bitcoin to some other cryptocurrency "because it is better" undermines the very trust that holds the concept together and would result in a complete destruction of any value created over the years. If we are to assume that something better will always come along why would I invest myself into the current "implementation"?

Your economics, it's broken  Cry

That's a really good question, but I'm glad people are pumping now as it allows me to divest with lower cost. Don't worry though. I'll buy back in probably when a scaling solution is implemented, assuming I haven't found a better altcoin by then.

If you don't want that "complete destruction" you mentioned, you'd be wise to help ensure that there isn't something better by supporting improvements to the protocol.

So NOW you are abandoning ship?  That's a little bit crazy.

I doubt that this lack of a clear direction regarding BTC's scalability is going to be as detrimental to either its long-term or short-term success as you seem to be making it out to be.

Yes, you may be able to profit with some of the volatility of various other investments, yet BTC seems to remain a good long-term and fairly secure vehicle to place a decent amount of capital, currently.  Also there are decent upside potentials with BTC and even considerable likelihood that we could experience a sudden and unannounced doubling or tripling of value with little to NO notice and thereafter NO return to previous price levels....

So ultimately, for your own good, I hope you are NOT being too rash with your seemingly emotional decision to diversify (and/or as you put it "divest" out of BTC).