Post
Topic
Board Speculation
Re: Pump and Dump or manipulation
by
codesuela
on 25/07/2013, 20:35:36 UTC
Cry me a river. Bitcoin is a great store of value and penguins are better than sheep to have sex with

why so defensive? do you feel threatened? honestly I don't see any crying going on.


anyway I believe it is an complicated issue. On one hand those people, who are probably somewhat capable and smart people for the most part are both the lifeblood, boon but also bane. They have an incentive to keep pushing the adaptation of bitcoin and indoctrinating new people into our little cult. To build services and infrastructure that also keep raising the valuation of a bitcoin. On the other hand people watch these addresses closely and should Satoshi himself choose to abandon bitcoin by liquidating his coins this could lead to a very fast conclusion of the bitcoin experiment. Also people get jealous because they feel the early adaptors received too much compensation for their work and denounce bitcoin as a ponzi scheme.
And then there are people like me who heard about bitcoin and considered mining back when you could still use your cpu but passed on it because it seemed too much of a far fetched idea to be viable. I still remember that post where I first read about bitcoin where someone recommended mining and said that he makes a bunch of coins just by letting bitcoin-qt mine with his cpu while hes using the computer.

edit:
The article http://rationalwiki.org/wiki/Bitcoin doesn't seem very rational. It starts outs neutral but as of the hardware paragraph it seems the author(s) seem to have lost interest in maintaining neutrality and instead go into full attack mode. In fact it comes of as a hit piece by a bitter knowitall who comes of just as bad as the "annoying Randroid fools" he slams