Post
Topic
Board Bitcoin Discussion
Re: Open letter to Bruce Wagner
by
geek-trader
on 25/08/2011, 06:27:30 UTC

Technology succeeds or fails regardless of media attention. The "media" is obsolete, irrelevant and corrupt, and relying on it to evangelize a system that directly threatens the monetary system they thrive on is a losing strategy. Media attention does not produce anything of value, only passionate and committed people who engage in those pursuits that benefit the technology and community will do so. Your expectations are what betrayed you, not the good faith efforts of others.

Amen, brother!

I would have liked a nice price bump from post-conference media attention, but in the long run the ideas and products that come from back-room meetings at conferences like this will benefit Bitcoin much more.

Also, the price and difficulty stability we've seen this last week or two has been pretty nice, actually.  If the difficulty stays the same (and it seems like it will) then I have no problem with the price staying where it is.

Great new products and merchants using bitcoin, born from this conference, will do more to benefit us all then a temporary price bump (with a following difficulty bump) would.