Quote from: bitmadaboutcoin on February 18, 2014, 03:38:39 PM

Quote from: salstimda on February 18, 2014, 03:06:18 PM

Quote from: superresistant on February 18, 2014, 02:46:37 PM

Well of course I am part of the elite, I always been. What is new is that everyone can be part of it. Bitcoin is open to everyone.
It doesn't matter your background and education. Anyone can learn. Information is free and transparent.
It doesn't matter how much you invest in, everyone can invest and make a profit.

"Bitcoin is open to everyone"

Nope, its not. Well maybe for a few entitled kids who got everything from their parents it is. But for the majority of the world's population it isn't. The majority of the world population doesn't have a computer, even less people have internet, and most people don't have any money to buy bitcoins with, because they use all their money for food and still they starve.

I always get a little angry, if I see entitled kids from rich parents claiming everything is for free. The world doesn't work like that. Try to look beyond the little box you live in, pal.

second that.. im in college and working 40 hours paying a 8k euro loan and 20k mortgage (neither are my debts,,, im 22) and i struggle to afford buyin any coins.. i havnt gone out in 4 months since i heard about crypto (not even for xmas) cos bar food, bills and other necessities i am putting everything i can into crypto in the hope that in 2-3-4-5 years.. my family wont be broke as shit like it has bin my hole life! i genuinely feel sorry for any one who can see the potential and the money that can be made but just cannot afford to put money in.. everyday things will always come first before investment.. i think the only way crypto will help people in 3rd world countries is by shielding them from inflationary currencies and by allowing family members to send money home with much lower fees but that will only happen once they have access to buy-send-sell coins.. i live in ireland and i have no way of cashing out and i dont see any way in the fore see-able future.. im not sending passport details and address details and all sorts to 3rd party exchanges/processors. fuck that! so i dont see how any one in a worse situation could? (yes i know theres far more people in allot worse situations)...

ps. i cant fucking stand those rich kids that think they deserve everything.. i also have little respect for any one who claims to be a "self-made millionaire" or successful business man/women when if you look into their back ground.. they come from wealthy families who could give them thousands to start out.. if you didnt earn every penny yourself, say so and stop acting like you worked your ass of to earn you first 1k,10k,100k... that first 10/20k is the hardest part... lets see them start with minimum wage jobs payin rent and bills and food and see how well they do.. dont claim to be self made if some one built the fucking ladder for you and all you had to do was climb it.. massive respect to anyone who came from a hard background and made something of themselves!

sorry.. rant over lol

i mostly agree, the only thing i have a problem with is you claiming that we could help the 3rd world by "shielding them from inflationary currencies". fact is, deflationary currencies are good for the HAVEs, not for the HAVE-NOTs. someone who doesn't have anything to save up because he has to put everything into food and shelter is obviously better off with an inflationary currency, where he earns more every day and can afford the same stuff. with a deflationary currency, only someone who is able to save it up for a while can profit from it. everyone else loses, especially those who don't have any money. it's really very simple, and very obvious. what i don't understand is how you can confuse this and think its the other way around? actually many people here do...but why? who spreads this FUD?

to make this more clear: why is inflation good for someone who doesnt have anything to save? because he will spend it the same day he earned it, so inflation doesn't affect him. it only affects people who have so much that they just leave alot of money lying around, not doing anything with it. for them, the value decreases, so inflation is bad for people with lots of money. conversely, a deflationary currency helps the people with big stashes of money, because they just have to let it lie around and it gets worth more and more. they don't have to work or do anything, other people will work for them. just inherit some deflationary currency, and all is well. for the poor guy, who cant save up and who didn't inherit anything, its very bad, because services will be more expensive for him, since he has to spend it right away and cant wait before the money gets worth more.