3 ms·

Yeah, make news out of no news... If I was them, I'd rather ask people to link Twitter and use the Twitter ID, and not reinvent yet another ID system! I'm tired

by kolev 12y ago

Yeah, make news out of no news... If I was them, I'd rather ask people to link Twitter and use the Twitter ID, and not reinvent yet another ID system! I'm tired of companies using cheap tricks like this to attract some temporary attention.

kolev 12y ago
Yeah, gang up, Bitcoin maniacs, and downvote everything that's not affecting the price positively... I thought this was a place for hackers, who want to improve the world with code, and not for the scum of earth - the speculators, but, I guess, some would rather sell their soul for cheap than be honest and act like the real deal.
- steveklabnik 12y ago
  > Resist complaining about being downmodded. It never does any good, and it > makes boring reading. http://ycombinator.com/newsguidelines.html http://ycombinator.com/newsguidelines.html
  - kolev 12y ago
    My comment was more than just a complaint about the cowardly downvotes. It's pretty much a post on its own, but I know what you mean. I just am getting tired of the overactive Bitcoin propaganda guys, that's all.
    - arfliw 12y ago
      You wont stop the bitcoin mafia. Not worth trying.
- icebraining 12y ago
  I didn't downvote you, but - this site is run by a VC, and what's a VC if not a speculator on the future of unproven companies? Personally, I think speculators are unfairly targeted. What's wrong or dishonest about making risky bets with your own money? Sure, there are dishonest speculators, but that's hardly an unique trait of the profession.
  - kolev 12y ago
    Paul Graham is not the typical VC and that's why I like him. Or at least he doesn't act like most. He's not a speculator either. Or at least he hides it very well. There's no honest speculation when you think about it. In order for a speculator to profit, somebody else needs to lose or profit less. Speculation changes the natural demand-supply dynamics of a marketplace for personal parasitic profit. In Bitcoin, this is destructive. It makes Bitoin worse than the status quo. Just one example, because I mentioned honesty... The pitch just recently was that Bitcoin gives you independence from the Fed, Wall St, the greedy banks, etc. Now, the same people, who hold a few bitcoins, and are waiting for one to be worth a million dollar before they sell, get so excited and retweet every piece of news about those who they were supposed to be saving the world from. Same people curse the Chinese when they sell off, but get overly excited when same Chinese drive a rally. Anyway...
    - icebraining 12y ago
      I think the issue is that we use different definitions of the word "speculator". How do you define it?
      - kolev 12y ago
        Well, my simplified definition is a gambler on the financial markets - one who bets on price fluctuations. Although I'm not a financial expert, after some thinking, maybe speculators help market liquidity (at times), but I still think that they are parasitic market participants. In Bitcoin, they drive price volatility, and this way hurt its adoption, and make it less suitable as a transactional currency.

by kolev 12y ago

kolev 12y ago

Yeah, gang up, Bitcoin maniacs, and downvote everything that's not affecting the price positively... I thought this was a place for hackers, who want to improve the world with code, and not for the scum of earth - the speculators, but, I guess, some would rather sell their soul for cheap than be honest and act like the real deal.

steveklabnik 12y ago
> Resist complaining about being downmodded. It never does any good, and it > makes boring reading. http://ycombinator.com/newsguidelines.html http://ycombinator.com/newsguidelines.html
- kolev 12y ago
  My comment was more than just a complaint about the cowardly downvotes. It's pretty much a post on its own, but I know what you mean. I just am getting tired of the overactive Bitcoin propaganda guys, that's all.
  - arfliw 12y ago
    You wont stop the bitcoin mafia. Not worth trying.
icebraining 12y ago
I didn't downvote you, but - this site is run by a VC, and what's a VC if not a speculator on the future of unproven companies? Personally, I think speculators are unfairly targeted. What's wrong or dishonest about making risky bets with your own money? Sure, there are dishonest speculators, but that's hardly an unique trait of the profession.
- kolev 12y ago
  Paul Graham is not the typical VC and that's why I like him. Or at least he doesn't act like most. He's not a speculator either. Or at least he hides it very well. There's no honest speculation when you think about it. In order for a speculator to profit, somebody else needs to lose or profit less. Speculation changes the natural demand-supply dynamics of a marketplace for personal parasitic profit. In Bitcoin, this is destructive. It makes Bitoin worse than the status quo. Just one example, because I mentioned honesty... The pitch just recently was that Bitcoin gives you independence from the Fed, Wall St, the greedy banks, etc. Now, the same people, who hold a few bitcoins, and are waiting for one to be worth a million dollar before they sell, get so excited and retweet every piece of news about those who they were supposed to be saving the world from. Same people curse the Chinese when they sell off, but get overly excited when same Chinese drive a rally. Anyway...
  - icebraining 12y ago
    I think the issue is that we use different definitions of the word "speculator". How do you define it?
    - kolev 12y ago
      Well, my simplified definition is a gambler on the financial markets - one who bets on price fluctuations. Although I'm not a financial expert, after some thinking, maybe speculators help market liquidity (at times), but I still think that they are parasitic market participants. In Bitcoin, they drive price volatility, and this way hurt its adoption, and make it less suitable as a transactional currency.