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Showing 4 of 4 results by epiphy
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Board Bitcoin Discussion
Re: @RogerVer lets make a deal. At least 60k, my BTU for your BTC.
by
epiphy
on 23/03/2017, 03:45:25 UTC

Let me ask you a question just to satisfy my own curiosity and discover the reason for your recent "business transaction" proposition to Ver. You are "loaded". I assume you live in a beautiful home with all the modern appointments. Surely you must have fine automobiles at your disposal and take worldwide vacations with the same frequency that other people change their underwear. In essence, you want for nothing. You're stake in the "business transaction" you're proposing is worth upwards of $60 million. With that kind of money, why would you not simply cash out, retire, and enjoy everything the world has to offer? Instead, you leverage your millions to prove a point? I don't get it.

Why does anyone with a high net worth continue to work? I'm in it to protect and grow my investment.

I am only entering this from a win-win-win perspective.


A lot of people don't understand this. For most, wealth is not a barrier, it is a gradient. The attitude that comes with 'cashing out' is the opposite attitude needed for growing a large net worth. Almost all of the high wealth individuals I deal with have the exact same obsessive need to keep growing their numbers, and will work until they die. If they didn't, they wouldn't be worth that much.

That said, I do still wonder if there is much more impactful methods to protect and grow your bitcoin net worth that isn't a bet. You are in a unique position to be able to impact bitcoins value. Perhaps, if this goes through, consider re-investing back into bitcoin developer funding programs? Maybe some bitcoin based startups? Even some kind of global marketing endeavor to help improve the worlds perception of bitcoin? All of these could potentially help grow the rest of your stash by a large amount. Bitcoin needs a lot of help, and it should bother everyone that bitcoin isn't surpassing Snapchats market cap.
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Topic
Board Bitcoin Discussion
Re: @RogerVer lets make a deal. At least 60k, my BTU for your BTC.
by
epiphy
on 22/03/2017, 07:21:10 UTC
I would rather use these coins to buy a load of miners and to run Core nodes to make sure that BTC will remain the longest chain, than pissing it away on a silly bet like this. It would be better for everyone if this money was spend on things that would improve the Bitcoin experience. ^sad^

Agreed, exactly what I was saying earlier as well. I'm not one one side or the other, but the amount of money being trivialized here as a bet is enough to advance the bitcoin experience and improve the total value of bitcoin as a whole. This bet is irresponsible.
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Topic
Board Bitcoin Discussion
Re: @RogerVer lets make a deal. At least 60k, my BTU for your BTC.
by
epiphy
on 22/03/2017, 06:17:38 UTC
Pretty crazy how multi-millionaires are throwing $100,000,000 around back and forth playing fire with most people's life-savings worth ~0.001% that


It's not really a big deal. Beyond making a point to the community at large (brought about by the results), it doesn't really matter how high the stakes are if they both have the money.

Of course it's their money they can do whatever they want (and I absolutely appreciate the spectacle of it), but I wish this community was more about investing to grow itself rather than wiener-swinging bets for protocol preference. Forgetting the value relative to other peoples savings... the amount they are talking about is enough to make a significant dent in bitcoins global value, whether through investment in startups, funding for developers, or whatever else.
Post
Topic
Board Bitcoin Discussion
Re: @RogerVer lets make a deal. At least 60k, my BTU for your BTC.
by
epiphy
on 22/03/2017, 02:52:30 UTC
While this is pretty amazing and popcorn worthy for the community, and you are uniquely positioned to make such a bet... Wouldn't it be more prudent to invest some of those risked coins to improve the bitcoin ecosystem? 40k coins buys a lot of developer time! It's enough to start and fund several bitcoin startups.

If you aren't confident in the Unlimited devs, you could even make a small fund to help pay better developers to make BU's code more confidence inspiring (which could reduce peoples fears and the risks of the fork, reducing price fluctuations), or conversely invest it in the Core team if you'd prefer they be our stewardesses. Or create a new Bitcoin startup. Or some other thing (marketing, tools, API's, etc) to grow bitcoin adoption. Either way there's gotta be a million better ways to risk these coins that could be productive for everyone... Improving the overall health of bitcoin makes your substantial stash of coins worth more too.