1.) It's just like Visa!! Damn it costs me $500 to send $500
2.) It's just like the bank!! Damn another exchange got shut down/frozen. The insiders made out like bandits
3.) It's just like gold! So rare....oh wait, another crytocurrency just came out with 100M unit of supplies.
4.) It's just like dollar! Shoot, coinbase won't allow me to trade it for 3 months! Every country is banning it? It went up 20% then dropped 50% today?!
Yes, YCombinator, you should be proud; you've made a giant money sucking machine that will suck money out of clueless millennials, poor grandmas, and well, mainstream idiots. Here's to no government regulations!!
can someone explain why bitcoin is rare? there are COUNTLESS cryptocurrencies out there. The only reason bitcoin is believed to be rare is blind belief, much like believing in santa claus.
With regards to Sam Altman, he is a clear Chinaphile, based on his essay before: http://blog.samaltman.com/china. He ignores the facts that China is a bad actor in the world, rules its citizens with iron fist, disregards human rights and freedom, and is a possible threat to jeopardize the future progress of democracy and freedom we have around the world.
People like Sam Altman are concerning, since he holds the top spot in the world's best startup accelerator. He alone can give China unlimited power in accomplishing their goals: silencing dictatorship critics, bankrupt other countries, etc.
This is a typical China behavior: lie to WTO about how open its economy is, then openly disregard the repriprocity with other countries and block foreign companies from competing.
Thank goodness other countries are waking up:
"The United States, European Union and Japan vowed on Tuesday to work together to fight market-distorting trade practices and policies that have fueled excess production capacity, naming several key features of China’s economic system."
1.) It's just like Visa!! Damn it costs me $500 to send $500
2.) It's just like the bank!! Damn another exchange got shut down/frozen. The insiders made out like bandits
3.) It's just like gold! So rare....oh wait, another crytocurrency just came out with 100M unit of supplies.
4.) It's just like dollar! Shoot, coinbase won't allow me to trade it for 3 months! Every country is banning it? It went up 20% then dropped 50% today?!
Oh well, who cares. It's for gambling!!!!