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Correct me if I'm wrong, but isn't this the end of Bitcoin? It was created to keep us independent from Wall Street and governments and now when Big Money is int
by kolev 13y ago
Correct me if I'm wrong, but isn't this the end of Bitcoin? It was created to keep us independent from Wall Street and governments and now when Big Money is interested in (profiting from) it, it's Game Over.
- damian2000 13y agoBut at least it would have served its purpose of redistributing some wealth from Wall Street into the pockets of first adopters and programmers. ;-)
- kolev 13y agoTrue, but those who will join late will be the big losers.
- bdcravens 13y agoThe moment that Bitcoin hit $30/BTC, it was over. The focus on BTC creating more fiat currency means that 99% of those with a position in BTC are missing the point.
- if_by_whisky 13y agoIt was not created to do anything of the sort.
- kolev 13y agoOh, and that's why the guy/guys used a pseudonym? It was exactly created for that purpose - (pseudo)anonymous electronic cash equivalent, which has just one purpose.
- if_by_whisky 13y agoYou said it was created to keep us independent from wall street and government. And then you suggested that wall st's participation in btc would be detrimental if not an existential threat (?) to btc as a medium of exchange. Is that an unfair characterization? I'm pretty sure satoshi created btc to make a ton of money. All ideological attachments to that endeavor seem to have been added by other people who may or may not understand his/their motivation.
- kolev 13y agoWe can speculate why Bitcoin was created and who did it - I won't be surprised if it was created by the US government either. My formulation was wrong given we know nothing for sure, but at least the early adopters and promoters used that as what the purpose of Bitcoin is.