Quote from: sublime5447 on October 30, 2014, 01:38:26 AM

Quote from: MrBig on October 30, 2014, 12:24:13 AM

Quote from: jinxx on October 30, 2014, 12:04:00 AM

Quote from: NotLambchop on October 29, 2014, 08:07:56 PM

Quote from: brg444 on October 29, 2014, 07:47:58 PM

...
You do know that likely the biggest mining company out there, BitFury, sells industrial mining gears to other miners...

I know that KNC, one of the largest companies out there, is

http://s13.postimg.org/g1hik8v3b/Capture.jpg<== click

https://pbs.twimg.com/media/BrxyUeUCUAASNcy.jpg:large

A fraction of one of KNC's megafarms.

if they can pump out so much bitcoins, isnt this a monopoly game in mining.. and its 1 sided to people who have those kind of institutional resources.

That's exactly what it is and the main point of this thread. Somehow, that logic seems to elude a plethora of bitsheep and their perpetual bleating of trying to turn any events surrounding BTC into great news.

- mtgox hacked, millions of $ lost: great news
- centralization of mining: great news
- BTC price crash: more cheap coins
- rampant scamming in BTC: it's the victim's fault
- government regulation: to da moon, best news ever
- illicit marketplaces: drug dealers are like robin hoods of crypto

Now I'm not saying that every news regarding btc is bad. It's just that some people here try to twist everything to look favourable for btc when it's obvious that isn't the case.

Have you not figured it out yet bro? That is because they have a financial gain in making suckers believe that. Bitcoin isn't all its cracked up to be. I have traded thousands of coins and spent countless hours studying. Its bullshit. Brg444 is the kinda retard that laps it up. Its not about real change but personal gain.

Absolutely. It was always a monopoly, first, the mining monopoly, then, the lucky investors monolopy. So we have KnC being the monolopy of the mining, and retards that have no idea what they are doing but found themselves on wealth by pure chance (basically all early investors, if somebody tells you when they invested bitcoin would hit 1K dollars, they are lying to you). Of course they will never accept it was luck, they will ramble from "skill" to "god wanted it to be like that" and so on. These guys usually become sort of gurus around here and tell other people to keep believing because they will be millonaires too if they wait enough (remember all these dumb failed predictions by rpietila?). It's a classic pyramidal scheme.
Sure, Bitcoin's technology is great, but greed of these that become very wealthy and the desperation of the 99% to become wealthy as well to scape the rat race, ruin everything as always. The system is fucked and no kind of currency can save it. We need a Resource Based Economy and worldwide education on science.