Quote from: jonald_fyookball on March 15, 2014, 08:54:06 PM

Quote from: Armis on March 15, 2014, 08:30:44 PM

For example, you argue that btc should go to $675 on wednesday, you provide convincing evidence to that effect, the recommendation is brought to a vote, if the majority approve; as a club we do what you recommend.

what kind of nonsense is this? no one can vote on the price! (except by buying and selling in the market.)

let me rephrase that with more elaboration

let's say that btc on monday is $650, and a bitcoin club member (Barry) believe it should be valued at $675 by Wednesday. It is up to Barry to educate, defend, or argue his case for the club to adopt his recommendation. Barry is likely to point to charts history, media, btc community sentiment, and perhaps other technical or conditional reasons for the recommendation, but when he's done he will essentially ask the club to buy Btc given certain specifications for purchase. That recommendation (with list of particulars) will be presented to the club for a majority vote, if the club votes yes, then as a club they do as the recommendation advises, if they vote no then the recommendation is dead.

so the vote is on what barry is presenting, which includes a cryptocurrency, a price, a date, a buy/sell directive, etc ... everything so that each member could properly analyze the recommendation and vote accordingly.

Quote

from: Bit_Happy on Today at 09:35:04 PM
OP: You started this thread to promo your other thread?
Good luck finding "The Smartest Bitcoin Pros In The World"

This thread serves multiple purposes,

1) to discussion the notion about the formation of a speculator's Bitcoin club
2) to find the people who know Bitcoin on many levels and want to share their knowledge
3) invite people btc speculators vote their interests

given the responses, it also serves

4) as a punching bag so that people can vent

What occurred at Mt Gox was, in my opinion a direct result of unreasonable individualism, there is no way that a group of 20+ people would have voted "yes" to the motion:
'buy btc at Mt Gox' after the withdrawal freeze, it it was reasonably argued (pro and con), then rationally debated. Because group think works, particularly when there are more than 20 people in the group, the group has diverse interests, and the individuals in the group can vote freely.