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Is personal funding viable?

blog.gittip.com

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Re: Is personal funding viable?

#11

Post by rjsamson »

whit537 wrote: post #5
kingkilr wrote: post #4

Earlier quoted context omitted.

Yes, that could be related to the fact that bitcoin isn't something anyone with any familiarity with economics should take seriously. (For the purposes of this comment "familiarity with economics" should be understood to mean: has so much as shopped in a grocery store).

Mind saying more or linking? I keep hearing strong opinions against bitcoin but haven't heard details.

The biggest problem I have with bitcoin is that the fixed bitcoin supply and decreased rate at which coins can be mined rewards hoarding behaviors. If you know that the bitcoins you have in your account today will be worth more in the future, you have a powerful disincentive to spend.

Re: Is personal funding viable?

#12

Post by whit537 »

kingkilr wrote: post #7
whit537 wrote: post #5

Earlier quoted context omitted.

Mind saying more or linking? I keep hearing strong opinions against bitcoin but haven't heard details.

http://www.quora.com/Bitcoin/Is-the-cryptocurrency-Bitcoin-a... is a pretty good summary.

Thanks, linked on the ticket.

Re: Is personal funding viable?

#13

Post by coderdude »

kiba wrote: post #9
kingkilr wrote: post #4

Earlier quoted context omitted.

Yes, that could be related to the fact that bitcoin isn't something anyone with any familiarity with economics should take seriously. (For the purposes of this comment "familiarity with economics" should be understood to mean: has so much as shopped in a grocery store).

Yes, that could be related to the fact that bitcoin isn't something anyone with any familiarity with economics should take seriously. You justify with . This is a total non-starter. (For the purposes of this comment "familiarity with economics" should be understood to mean: has so much as shopped in a grocery store). Very low standard it seems. I shopped in a grocery store.

Then you'll know that you can't spend Bitcoin at a grocery store because it's some crap that people made up and not actual currency.

Edit: My comment isn't US-centric, obviously, since I don't know where any of you hail from. Trolls.

Re: Is personal funding viable?

#14

Post by kiba »

rjsamson wrote: post #11
whit537 wrote: post #5

Earlier quoted context omitted.

Mind saying more or linking? I keep hearing strong opinions against bitcoin but haven't heard details.

The biggest problem I have with bitcoin is that the fixed bitcoin supply and decreased rate at which coins can be mined rewards hoarding behaviors. If you know that the bitcoins you have in your account today will be worth more in the future, you have a powerful disincentive to spend.

If you know that the bitcoins you have in your account today will be worth more in the future, you have a powerful disincentive to spend.

That's only if you're a scrooge and don't like spending anything. Since bitcoin started, I spent bitcoin on hosting and domain, t-shirt, musics, development bounties, writers, and other things that I forgot to mention.

I never spent a bitcent on mining hardware, though.

You have to remember that humanity is a not a paper wealth maximizing function. We don't exists to horde money, but to spend it doing things that we like.

Re: Is personal funding viable?

#15

Post by mibbitier »

whit537 wrote: post #8
juanbyrge wrote: post #6

What's wrong with them getting jobs?

They're potentially less free to pursue their vision for how to make the world better, because they have to answer to corporate interests.

Corporate interests aren't always bad. I'd say most of the time they are pretty much aligned with making the world better.

The title asks "Is private funding viable?". The answer is no.

Re: Is personal funding viable?

#16

Post by kiba »

coderdude wrote: post #13
kiba wrote: post #9

Earlier quoted context omitted.

Yes, that could be related to the fact that bitcoin isn't something anyone with any familiarity with economics should take seriously. You justify with . This is a total non-starter. (For the purposes of this comment "familiarity with economics" should be understood to mean: has so much as shopped in a grocery store). Very low standard it seems. I shopped in a grocery store.

Then you'll know that you can't spend Bitcoin at a grocery store because it's some crap that people made up and not actual currency. Edit: My comment isn't US-centric, obviously, since I don't know where any of you hail from. Trolls.

Then you'll know that you can't spend Bitcoin at a grocery store because it's some crap that people made up and not actual currency.

It's a currency because people actually use it as a currency. It doesn't mean universal acceptance. Did you ever tried spending yen or peso in an American supermarket?

If you ever been to porcfest this year, you will know that a lot of vendors actually accept bitcoin along with precious metal.

Re: Is personal funding viable?

#17

Post by executive »

coderdude wrote: post #13
kiba wrote: post #9

Earlier quoted context omitted.

Yes, that could be related to the fact that bitcoin isn't something anyone with any familiarity with economics should take seriously. You justify with . This is a total non-starter. (For the purposes of this comment "familiarity with economics" should be understood to mean: has so much as shopped in a grocery store). Very low standard it seems. I shopped in a grocery store.

Then you'll know that you can't spend Bitcoin at a grocery store because it's some crap that people made up and not actual currency. Edit: My comment isn't US-centric, obviously, since I don't know where any of you hail from. Trolls.

except you can spend BTC in some grocery stores. problem Batman?

Re: Is personal funding viable?

#18

Post by [deleted] »

coderdude wrote: post #13
kiba wrote: post #9

Earlier quoted context omitted.

Yes, that could be related to the fact that bitcoin isn't something anyone with any familiarity with economics should take seriously. You justify with . This is a total non-starter. (For the purposes of this comment "familiarity with economics" should be understood to mean: has so much as shopped in a grocery store). Very low standard it seems. I shopped in a grocery store.

Then you'll know that you can't spend Bitcoin at a grocery store because it's some crap that people made up and not actual currency. Edit: My comment isn't US-centric, obviously, since I don't know where any of you hail from. Trolls.

[deleted]

Re: Is personal funding viable?

#19

Post by whit537 »

mibbitier wrote: post #15
whit537 wrote: post #8

Earlier quoted context omitted.

They're potentially less free to pursue their vision for how to make the world better, because they have to answer to corporate interests.

Corporate interests aren't always bad. I'd say most of the time they are pretty much aligned with making the world better. The title asks "Is private funding viable?". The answer is no.

> Corporate interests aren't always bad.

True, and Gittip couldn't exist without corporations:

http://blog.gittip.com/post/25215503687/corporations-and-ope...

Can we do even better than "most of the time pretty much"?

> The answer is no.

What makes you say that?

Re: Is personal funding viable?

#20

Post by kiba »

executive wrote: post #17
coderdude wrote: post #13

Earlier quoted context omitted.

Then you'll know that you can't spend Bitcoin at a grocery store because it's some crap that people made up and not actual currency. Edit: My comment isn't US-centric, obviously, since I don't know where any of you hail from. Trolls.

except you can spend BTC in some grocery stores. problem Batman?

If you know the name of the store, I would like to know.
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