Post
Topic
Board Economics
Re: Why Bitcoin Is Going to Succeed: The Reason Nobody Is Talking About
by
Spendulus
on 04/05/2013, 18:12:57 UTC
While I am inspired by your enthusiasm, I think that you are assuming people like the Winklevii twins actually believe in BTC. Even if they claimed to, i still wouldn't know it for a fact. Their economic profile points towards them merely attempting to hoard and turn a huge profit. Even if they did(and others), what does this mean?

Like you, I also believe that the rich nerds of the world, (i.e. silicon valley money and talent) are who is going to truly catapult BTC into the mainstream. ....
I disagree, I tend to think that one or two or three more financial crises like the recent Cyprus boondoogle, paralleled with a rise in volume of trading and price of bitcoin, would firmly establish it as a safe haven.

That's far more powerful than the elite of the nerds.

Ask a simple question:  Can hyperinflation occur in a country if the bitcoin option is available?  If the answer is no, then you have evidence of a major change in outcomes for countries and people under severe financial stress with imminent collapse.