Post
Topic
Board Speculation
Re: Overwhelmed by emotions shown here
by
piramida
on 18/04/2014, 13:56:25 UTC
Also, I am looking at the bigger picture. While astronomical rise would surely benefit those who have bitcoin, I am not sure if it would benefit the entire society and economy. So my desire is greater good for everyone, and not just owners of bitcoin. And that would be possible, in my opinion, by more gradual rise, and gradual adoption.

As if price retractions are not enough? Plenty of time even for the slowest thinkers to get onboard when it is cheap. And it is cheap half the time. Understand this - price can not steadily rise to it's actual final valuation. It is impossible, as soon as people see steadily rising price, they speed things up exponentially. So whether or not you are sure, bitcoin excuses itself as it does not give much concern while it finds it's actual value by oscillating wildly.

If you have any solid ideas, how a "greater good for everyone" works, sure, describe? So far all greater good adepts start with pre-allocating all the coins to themselves and then they will decide who gets their share Smiley I say, screw such "greater good", let the market figure out the distribution, at least it is not one greedy human being but a whole lot of them, and everybody gets their chance.