Quote from: mysidia on March 16, 2014, 07:16:07 AM

Quote from: Armis on March 15, 2014, 09:40:31 PM

there is no way that a group of 20+ people would have voted "yes" to the motion

Hindsight is always 20/20.

Had there been a vote of 20 people; I bet the right speaker could have swayed a plurality one direction or the other -- towards either hasty action resulting in a loss or missed opportunity, or hesitant failure to act resulting in a loss or missed opportunity.

Now it depends on the audience; if you have 20 people who are inherently more risk-averse than ambitious or put suggestions through a highly detailed, highly technical detailed tests, then err in the opposite direction is likely.

The ability to persuade 20 people of something, does not necessarily align with that thing being correct, reliable, or valid.

If we know history repeats itself, and we know hindsight is 20/20, all we needed to do was look at the history right? Well the simply fact is many people saw the history and waved the red flag, in fact so of those who knew entertaining Gox was academic nonsense still took the risk because they felt the rewards out weighed it. But that was all individual think, not group think. Peer pressure to act responsibly is stronger than many think.

Look harder at the facts of the matter, statistically group think IS necessarily more reliable than individual decision making; moreover larger more diverse groups tend to make better decision more reliably than smaller groups.

The data is conclusive across the board, group think works better than non-group think.

Think jury, panel, board, high courts, etc ... executives are there for day to day efficiency but if you want something thought out you seek the attention of reasonable prudent people.

A smart system ALWAYS has a group to check the power of the individual.

Quote from: Bigeyeone on March 16, 2014, 07:39:32 AM

Don't worry about tomorrows value of bitcoin, just concentrate your affords on promoting bitcoin as a currency, get more and more companies to accept bitcoin more and more people will see the usefulness of bitcoin so more and more people have a reason to hold bitcoin other then for speculative purposes and the price has to go up in the long term.

That type of talk, in light of all that has occurred this year especially in light of the matters that are still unresolved, is simply irresponsible. Anyone entering the cryptocurrency economy should know the history of btc and all of the risks, your best consumers will be those in the know, not in the dark.

Quote from: Swordsoffreedom on March 16, 2014, 07:41:00 AM

So mini Illuminati group I guess that is still possible at this stage in bitcoin
Wonder if this is how these groups are created in traditional systems as well

you do realize that bitcointalk is essentially a very large group with a common interest that started from a very small group with a common interest.
you do realize that many outside of this forum are seeing this forum in the way you are viewing the club right?

Quote from: BitOnyx on March 16, 2014, 08:42:07 AM

so you want to use other people coins for you own gain without any kind of insurance your actions would create an kind of impact.

hahahahaa, where did you read that? Read it for what it says, not for what you want it to say.