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Chinese government says Bitcoin cannot be used as currency

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Re: Chinese government says Bitcoin cannot be used as currency

#31
post #26
post #19

Earlier quoted context omitted.

No, they feeling of being verified for what is a very obvious belief, compared to people going for the gold rush like fools...

For ever fool who loses money in the gold rush, there is a genius who made money.

>For ever fool who loses money in the gold rush, there is a genius who made money.

Emm, this is not how a "gold rush" works.

The whole idea is that there were far more fools who lost money than geniuses who made money. If it was a 50% chance (1 foul for every genius) it would be a pretty damn decent proposition).

Not to mention that those (far fewer) who made money, made them by betting against the fools, and selling them shovels and stuff.

Re: Chinese government says Bitcoin cannot be used as currency

#32
post #26
post #19

Earlier quoted context omitted.

No, they feeling of being verified for what is a very obvious belief, compared to people going for the gold rush like fools...

For ever fool who loses money in the gold rush, there is a genius who made money.

> For ever fool who loses money in the gold rush, there is a genius who made money.

More accurately (but still drawn with a broad brush),for every 1,000 fools who lost $1000 in the gold rush, there is a genius who made $1,000,000 selling shovels and services to the fools (and a bunch of people who were gainfully employed by that genius who would have been gainfully employed doing something else without the gold rush and didn't really gain or lose financially.)

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