Post
Topic
Board Bitcoin Discussion
Re: Bitcoin will fail
by
alyssa85
on 01/06/2013, 00:15:24 UTC
Good thing you made this important discovery that we all missed. Crap, well... Go ahead and send me all your worthless coins and I will see to it that they are disposed of.  Roll Eyes

I am not a miner. The speculators(me) have a potential role to create an inflated value by buying bitcoins at an exchange as I think they might be worth something one day. But based on what I see already, they will not be once people realize there is no where to spend them.

If all you care about is the gold 2.0, understand the dollar wins! Similar to money, it is a tool, not a store of value.
You intend to buy btc at an exchange, but want others to hand you Thiers to cash out for your farm?

I guess you missed out the half a dozen routes you could have taken to not require bit coin investors.

Tip:
Find a cheap farm shop buy veg, sell veg...
Firstly compared to just speculatively buying coin direct from fiat, at let's say a high of $138. Buying just $90 of veg at wholesale price can be sold for profit to net you a whole bit coin.
Sell that bit coin for fiat. Get a return of over $130, after fee's. Rinse repeat, while you wait till next year to buy land, as its a bit late to buy land churn the soil, sow the seed to get a harvest complete by this summer.

So do some wholesale-retail  until winter so that your ready for buying land, to start growing next year, then next year you will have the service running, but becoming more self reliant on stock as oppose to buying in... which means less cashing out

He isn't behaving that differently from you, you know. He's looking for bitcoin investors to help start-up his farm. You and others are looking to Silicon-Valley+Wall Street to come up with solutions that enable Bitcoins to be spent.

Why the hostility to finding start-up capital from within the community in coins?

You seem to be imagining that it will make existing bitcoiners poor. But eventually all wealth flows towards those who supply venture/start-up capital. They don't view it as "handing over money", but instead as a stake in a profitable venture. They end up owning the world, leaving the hoarders for dust.

Personally I like the idea of a farm where you can buy food direct for cryptocoins, by-passing the supermarkets. But it's not a "sexy" venture that will attract fiat venture capital - so it either raises funding from within the community or doesn't happen at all. OP's other alternative is raising money from the traditional banks - can you imagine how that conversation will go? Not to mention him having to constantly cash out the BTC he earns to pay fiat interest, fees, etc, instead of keeping the BTC within the BTC economy. Fiat wins...