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re: Is WikiTiger the richest person on Tigerdroppings?
Posted on 10/21/17 at 10:17 am to Doc Fenton
Posted on 10/21/17 at 10:17 am to Doc Fenton
quote:
He sure seems to have a different memory of what was being said than I do.
Maybe, but he and Russian got into it a lot. One of the main points, that still holds true today, is that everyone still cashes out for US dollars.
Wiki was famous for saying it would revolutionize the world. Yet, even the people here keep talking about US $$ made. Not a revolution.
The other point he would always make was decentralization. He said these words a lot, but never offered meat behind them. When challenged for more thought behind why decentralization was revolutionary with bitcoin, he often told us we were too dumb to understand the "tech".
The funny thing is, it really took off in price when China and Japan added "regulations" and started treating it like it is part of the banking system.
Imagine that, legislation attributed to its value...
LINK /
This post was edited on 10/21/17 at 10:18 am
2
Posted on 10/21/17 at 10:26 am to JayDeerTay84
The biggest thing about bitcoin is that it brought blockchain technology to the forefront. Blockchain is a revolutionary technology that will permeate all aspects of life....and it really gained traction through crypto currency.
Posted on 10/21/17 at 10:38 am to JayDeerTay84
quote:
Wiki was famous for saying it would revolutionize the world. Yet, even the people here keep talking about US $$ made. Not a revolution.
I don't think the people here ever argued that their investments were causing a revolution, but in some sense, a sort of revolution (to use that term loosely) has occurred. Google and Goldman Sachs are the two biggest investors in Blockchain companies, and Goldman Sachs and other big banks are also looking to move into cryptocurrency markets as we speak. They just can't ignore them anymore, given their size in the VC world.
quote:
Imagine that, legislation attributed to its value...
Yep. There was a great deal of naivity by some Bitcoin enthusiasts on how easy it would be to evade regulatory authorities. The cryptocurrency field is the Wild West right now, but it will settle down and evolve in unpredictable ways, and this will be highly dependent upon how governments react and collaborate to regulate its use, and there is no guarantee that the value of particular brands won't evaporate overnight due to systemic regulatory changes.
Anyway, I didn't mean to start a whole new discussion on the details of Bitcoin. I just wanted to remind people that many outlandish things were said in trying to tear Bitcoin down... and that much is true. It would be a waste of time trying to do an intensive forensic analysis of what was said by whom, especially since I myself was never really a Bitcoin enthusiast.
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