tag:blogger.com,1999:blog-6925344575983663234.post1838369889709573097..comments2023-09-22T10:25:00.241-07:00Comments on chycho: Fragmentation of Bitcoin Community Begins after the Collapse of Mt. Gox and Secondmarket’s Wall Street Exchange Proposal chychohttp://www.blogger.com/profile/03780939672952610970noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6925344575983663234.post-22893741289108073662022-12-28T18:49:22.046-08:002022-12-28T18:49:22.046-08:00"Crypto investors sue Gemini, Winklevoss twin..."Crypto investors sue Gemini, Winklevoss twins for fraud over interest-earning accounts"<br /><br />https://www.marketwatch.com/story/crypto-investors-sue-gemini-winklevoss-twins-for-fraud-over-interest-earning-accounts-11672277799?mod=mw_latestnews<br />chychohttps://www.blogger.com/profile/03780939672952610970noreply@blogger.comtag:blogger.com,1999:blog-6925344575983663234.post-58138410651618017042014-03-01T17:27:46.275-08:002014-03-01T17:27:46.275-08:00Totally agree. I actually started looking into som...Totally agree. I actually started looking into some of the other crypto-currencies today. chychohttps://www.blogger.com/profile/03780939672952610970noreply@blogger.comtag:blogger.com,1999:blog-6925344575983663234.post-66344744904926175002014-03-01T17:26:03.899-08:002014-03-01T17:26:03.899-08:00> "BTC doesn't need to destroy the old...> "BTC doesn't need to destroy the old system, just nudge it in the right direction."<br /><br />Well said, and I think it has very much done that. I just hope it doesn't get hijacked like some of history's other great ideas. chychohttps://www.blogger.com/profile/03780939672952610970noreply@blogger.comtag:blogger.com,1999:blog-6925344575983663234.post-12349892855971882992014-03-01T16:49:17.515-08:002014-03-01T16:49:17.515-08:00Good thoughts. I'm on the fence: to me it is ...Good thoughts. I'm on the fence: to me it is a currently evolving system so the news that some large financial interest threatens the "pure" form that bitcoin had is a natural step. The old system can definitely "co-opt" the new and hence damage some of the great features, but there's still a chance the current system will change due to the pressure that Bitcoin introduces. BTC doesn't need to destroy the old system, just nudge it in the right direction. This disappoints those who foresaw the overthrow of the FED and fiat state-controlled currency. It isn't a total loss, it's just a step up the ladder. This doesn't need to be a zero-sum game, and a "schism" in the bitcoin community could also be described as a broadening market. That comes with some pouting from the puritans involved, but hopefully they'll feel better as early adopters. At the very least this experiment in technology has the attention of the world, so to me it has teeth. Let's not separate into cliques, just ride the evolution.WONTONOTNOWhttps://www.blogger.com/profile/01013232574192519355noreply@blogger.comtag:blogger.com,1999:blog-6925344575983663234.post-63685039097696992622014-03-01T16:34:45.038-08:002014-03-01T16:34:45.038-08:00You're right that this has had a deleterious e...You're right that this has had a deleterious effect on the community, at least if reddit can be taken as a fair sample of the views of the bitcoin population as a whole. Whilst I have no love for the wolves of Wall Street, Bitcoin's DNA is open source and politically neutral and as a result anyone can throw their money at the market, there is no discrimination. The good news is that if we have learnt anything from the last four years, it is that money is a collective hallucination of value, and if the money grabbing bastards want to try and monopolise bitcoin, then all we need to do is switch to an alternative crypto-currency. The future is decentralised. Let the revolution continue. Anonymoushttps://www.blogger.com/profile/14622324047744798271noreply@blogger.com