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 we

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...