Quote from: intron on July 13, 2014, 05:09:50 PM

Quote from: Hyena on July 12, 2014, 11:20:41 AM

Bitcoin traders are sometimes accused of unfairly profiting from an opaque asset beyond the understanding of ordinary people.
http://www.newyorker.com/online/blogs/currency/2014/07/bidding-on-bitcoin.html

Yesterday I met a couple of my old classmates on the street. They asked about Bitcoin and started to whine that most people don't understand the mathematical fundamentals behind Bitcoin and therefore had no realistic chance to invest when it was cheap. Of course, I encouraged them to invest now (better late than never) but seems that people generally rather enjoy wallowing in their own self-pity than take steps to adapt and overcome.

Even in this forum I have seen demeaning opinions about people who bought in when Bitcoin was trading single digits --- "they are not real investors and their earnings are equivalent to winning with a lottery ticket".

I can see that these issues can raise some negative emotions and Bitcoin has even not risen to 6666$ yet Cheesy

. What's the worst case scenario to follow? Bitcoin Jesus getting beaten up by angry conventional Warren Buffer apprentices?

If everything was fair, it would be 4 Kelvin
everywhere in the universe... Wink

True enough -- I suppose a little hydrogen atom floating around somewhere would say that stars were unfair because their hydrogen atoms took the trouble to come together through gravity to the point where they could become helium through a nuclear reaction. Just since I got serious about using Bitcoin, I've watched it go from 400-some dollars (I forget exactly now) to over $600, so it's not like I'm complaining. I figure "fair" is what happens when you're not afraid to put in the effort to make a profit and don't let some lazy loser try to steal it from you.