Quote from: moravian on April 18, 2014, 01:31:51 PM

With lottery you have mathematically proven extremely small chance of winning (close to zero). So for people lottery is just a game. People buy it, and expect to lose money.

With bitcoin some people expect FOR SURE to increase their wealth 100 or 1000 times.
Exponential growth is quite dramatic thing, that can lead to disasters.
I am not wishing anyone ill, i am just frightened by such huge expected rises of value.
I think it should be a more gradual thing. And also I am a bit shocked by feelings of entitlement.
If I had a lot of money, I would maybe buy just one or two bitcoins, just in case they boom, that I am not the last one left behind.
But I would never put all of my money into it. I wouldn't even put most of my money into it. Probably just a small fraction.

When it comes to accepting large inheritance I am undecided about whether it's ethical or not. Maybe inheritance law could be modified if not abolished completely. However, it's normal and natural for parents to want to leave something for their children, so I don't think it's really wrong. And also they probably worked hard for years to earn that money, so they can decide what to do with it as they please.

Edit for spelling mistakes.

I hate to say this, but you are a fool.

What is happening in bitcoin already happened with every large company from Woolworth's to Google. The ONLY difference is that usually, the people that get rich on the adoption curve are: a handful of executives and a lot of bankers. The people that work to make something are typically robbed of the fruits of their contribution down to the bare minimums, to the point where unions were needed to allow them to, you know, actually live on their wages. And once the stock value goes through the roof and starts to level off, only THEN is it available for sale to peons like you and me where in meanders along making very low percentages.

There are a few companies where the bankers screwed up and allowed the IPO too soon, most notably the tech companies like Google, Apple and Microsoft. There were substantial gains to be made on those stocks, because the bankers screwed up when imagining just how globally large they would eventually become.

The ONLY difference with bitcoin is that it is the first technology where you and I can make the amount of money normally made by CEOs and bankers, because it's open source and peer-to-peer. There is no central figure to vacuum up all the profits, although certainly Satoshi is rich.

So, by your own admission you are afraid of anything different. But the only difference here is that it is the first "fair" investment in the history of the world. But you would rather be robbed by CEOs and bankers because it seems more normal to you. Because bitcoin is too different and you don't like change.

Sorry. I, for one, welcome the opportunity to invest in something and actually reap the rewards for once.