Quote from: Devin Chow on October 06, 2014, 09:33:12 PM

Congrats, you lived as an NGO or Peace Corps volunteer.

You do realize that not all of the "third world" is living in rural Africa, dying of hunger, right?

Economies like Vietnam, Thailand, Argentina, The Phillippines, India, Brazil all have a growing middle class. Some growing quicker than others, but nonetheless they are growing. With this growth comes major potential for people that don't want to see their savings eaten up by governmental currency factors outside of their control. A globally recognized currency/commodity can provide MUCH more stability than their native currencies.

I really have to question your intentions here, "Rat_Poison". Do you ever have anything positive to say about...well, anything?

It's incredibly obvious that you must have lost a lot of money thinking you could "trade" bitcoin effectively.

Do us all a favor and go use that rage towards something constructive...because your anger towards everything and anything is just annoying.

I wasn't an NGO or a Peace Corps Volunteer, I was living there for several months as part of my telecommunications business. I have also traveled extensively thanks to the wealth I've built through my lifetime. I built that wealth by avoiding mirages and flash in the pans like bitcoin. My travels have taken me to many countries in central asia, Africa, and the Middle East, where I've experienced the lifestyle of the locals.

Most of these people don't have appreciable savings, they live day by day and as I said, most of their wealth is tied up in their home or other illiquid assets. They're not dumb enough to put what little they have in an unregulated currency. If they had done it this year, scores would surely have starved to death!

It's easy for you to sit behind your computer in your plush college dorm room or wherever and tell everyone that bitcoin is the answer for the unbanked of the third world. What an ego. You think you know what's better for these people than they know themselves? If they have any money to spare, they'll buy euros or dollars, or put it in precious minerals. Not bitcoin.

I don't trade bitcoin. I bought some during the spring 2013 rally, and sold while we were above $600, thanks to the wise advice of fallling and his associates. And I didn't buy much for that matter, so I could really give a shit.

This place needs some objectivity to counter the unbridled, and baseless enthusiasm of the bulls.

Rat_Poison

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