Quote from: doobadoo on July 06, 2013, 03:43:59 PM

Winklevoss Twins are running a pump and dump. In the interview they said its so much easier to get some one interested in bitcoin than it is to explain to them how to use it. They see that as a flaw they are fixing with the etf. They want to make btc like gold. THEIR WORDs. Keep in mind now one uses gold for commerce. Clearly they don't care about the true goal of the project of creating an alternate currency/payment system that is superior and controlled directly by the community of users as opposed to the government and powerful banking cartels. Thats what makes the blockchain not only worth TRILLIONs, but also improves humanity with a free people's money the Government & Friends can't use to exploit us. The etf, make it like gold route will only make the blockchain worth some Billions.

The don't care about creating a reliable currency and unit of account for people living in oppressive 3rd world regimes, so that people and work and trade and feed their families without the terror of having their national currency constantly becoming worthless in their hands. See Zimbabwe...iran...venuzuela

Now thats fine for you if you are in the camp that bot a few grand under 100 and when it goes to 10,000 and now you quit your job and retire. But its not what i'm here for.

I pray this etf thing flops and never gets approved.

More and more I am starting to understand why satoshi got PO'd and left this community. Most of you folks here are just buying up BTC hoping for it to shoot up so you can get rich. Well good for you. But what if this incessant focus on making btc work is blinding us away from building something better.

All the alt currency attempts (with maybe namecoin as an exception) are really low grade forks, designed as pump and dumps. Shame on us. By now we should have launched a 2.0 cryptocurrency that solved the blockchain bloat problem, and moved to a better more efficient record keeping system.

If i had the technical chops, I'd do it, but i don't. A while ago I posted a few ideas for a better cryto, and got very little interest. Every one is hell bent on taking bitcoin all the way regardless of whether its the best we can come up with. I think even satoshi is surprised people are still pushing this system so aggressively whilst no one is genuinely doing a 2.0...

I've cashed out completely. I guess i just woke up to the idea that there is a better way to do this, and will wait for the better system to invest in this concept again.

Hey doobadoo,

I discovered your great call to exit fully around $235. I see that you are still completely out.

I'm worried you might be taking too much risk this way?

I can follow your reasoning how bitcoin can be improved and how many are motivated by greed, and not by the fundamental freedom values bitcoin represents.

I once read a book about innovation within Sony or Philips and there the rule was followed that a new technology/product needs at least 7 advantages to be able to beat the established one, if it does not have this, then they wouldn't try to launch and market it as most users wouldn't find it worthwhile doing the switch and the tipping point for mass conversion would never be reached, ending up in a failure.

I'm often thinking this will be true for bitcoin too. I see you can point to some innovations but I'm thinking you'll need a lot more of them before you can get one of the ground that would actually motivate people enough to make the switch. Hence why I think that investing in bitcoin until then is wise. I wouldn't want me or you to be left behind.

What are your thoughts about this?