Quote from: smoothie on May 10, 2013, 11:22:21 AM

Quote from: PeterSchiff on May 14, 2011, 01:47:48 PM

"The Geeks will inherit the earth" have just turned into, "Geeks are the new aristocracy", and this is why:

Who owns BitCoins.. There must be some individuals hoarding a large amount, and I wish I was one them. If BitCoins were universally adopted, a BitCoin may well be worth 10,000$, in fact it would probably be worth a whole lot more. On top of that we would have deflation, due to no more BitCoins being generated, ever, and so the value would increase further. If there are 1 Billion people who may adopt this system, and 21 Million BitCoins, you'd be very fortunate (and rich) to own just a single BitCoin. Owning a single BitCoin may be the equivalent of being a multi millionaire today. Having a whopping 1000 BitCoins would rival Gates in his glory days.

The BitCoin system, is perfect, and perfectly flawed. I think we've just discovered how to turn Freetards into Bankers, our new financial overlords.

I have done my research, and conclusion is, it's gonna crash as soon as one of the Hoarders get's scared, and dumps his BitCoins on the exchange. I love the idea, but it reminds me to much of a time when many of my friends got into these "pyramid schemes" selling various crap. And let me just say, pyramid schemes work, when we all buy into them...

I think I will hold out for the next BitCoin, we can probably just reuse the software, it's open source right Wink

, be an early adapter, promoter and make my exit.

Good luck to all you scammers, you don't deserve the money.

Someone sounds butthurt they missed the bitcoin train. lol

Damn, no kidding! That guy definitely burned out instead of fading away!:

Date Registered: May 14, 2011, 09:18:54 AM
Last Active: May 17, 2011, 10:50:33 AM

Here are his last words to all of us:

Quote from: PeterSchiff on May 17, 2011, 01:57:16 PM

...
OMFG, can you hear yourselves. Hypocrites, hypocrites, hypocrites!!!

I'd like to hear at least some of you admit that you're a greedy mofo in it only for it's speculative value and that you don't give a shit about the rest.
Amen