Quote from: Adrian-x on April 15, 2014, 05:16:43 PM

Quote from: JorgeStolfi on April 15, 2014, 10:52:04 AM

I have been doubling my BTC holdings every day since December. Wink

Please check my maths 0 x 2 = 0

Correct.

Quote from: Adrian-x on April 15, 2014, 05:16:43 PM

Jorge I see a few who have lost a lot shoring on the bad news, had they followed the accepted Bitcoin investment strategy they could profit.

Bitcoin investment advice.
Don't invest more than you are willing to lose.
Buy low sell high
and learn to hodl.
Sell a little in every bubble.

The outcome from the strategy above is if Bitcoin fails tomorrow or in 20 years you lost nothing of value.
If it is successful you can reap a reward, how well you hold represent orders of magnitude in return.

I amost agree with the first item, only I would say: don't think of bitcoin as a chance to get rich, or as a way to keep your savings safe. Think of it as gambling on a game with unknown and unknowable odds.

The other items are gambling strategy; I have nothing to say on that.

Quote from: Adrian-x on April 15, 2014, 05:16:43 PM

Bitcoin is a revolution not a ponzi, [ ... ] Bitcoin remains a binary invention.

I will put my reply in small font in the hope that the jorge-bashers will miss it: Bitcoin will not be a ponzi if, and only if, it succeeds -- and in that case it may be someting even worse than a ponzi. But I remain skeptical about its chances of success. I don't know what you mean by "binary", but I perceive that most bitcoiners see the issue as all or nothing: either the bitcoin protocol AND the bitcoin mining network AND the Satoshi blockchain become the dominant cryptocurrency in use on the internet, or the cryptocurrency idea will be dead and the world will forever be condemned to use government-printed cash and bank-issued payment instruments. Perhaps for being a latecomer, I do not see why these two are the only possible outcomes.

Quote from: Adrian-x on April 15, 2014, 05:16:43 PM

All the scams are just necessary vaccinations, it's wrong in my view to tell people to live in this plastic bubble (lawful growth economy of environmental destruction) where everything is safe because in the real world it isn't. We need scam immunity. Living like a parasite in a growth economy is the biggest scam ever perpetrated. [ ... ] I hate scammers and manipulators as much as you do but I know in Bitcoin land a honest measure of wealth that evolves organically will develop an immunity to such things, this belief comes from systems that evolve naturally the foundation or our consciousness.

Scammers and thieves are a problem as old as mankind, or even older. Governments were invented and evolved over millennia for the purpose of fighting them, among other things. They don't always work as intended, but in most places people would rather have a bad government than no government (or a toothless one).

Somewhere I read this quip, "bitcoin is the tool that the devil invented to teach Economy to the nerds." The impressive list of bitcoin scams and failures may perhaps serve to teach them also the importance of professional accounting and financial regulations -- and why government is a good thing. Wink