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overtheedge
Member since May 2012
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The Finanser Interviews Jon Matonis - Jon Matonis - The Monetary Future

"In late 2009, I got introduced to Bitcoin by a random email from Satoshi Nakamoto. I didn’t give it much thought at the time and then 3-4 months later I started to focus upon it."

From Wikipedia:
Feb 2010 – May 2010 value was less than $0.01
From Google: Today 29 March 2015 $244.01

Please God, just one more big score.
As an example: $500 paid in May 2010 @$0.01 = 50,000BTC
50,000 x $244.01 = $12,200,500
Nice profit over roughly 5 years, eh?

Bitcoins are not a product and a marginal service at best.
After all, look at the transaction costs.
Who said a bucket of hot air can't make you rich?

But no problem, no worries. Plenty of greater fools standing in line eager to lose money.
Just look at the traditional markets and the so-called investor's willingness to buy and sell based upon the technicals.
Then look at their success rate.

I would suggest doing your own due diligence, but many (most perhaps) find that to be contrary to the emotional appeal of their "get rich quick" schemes. Oh, and it takes time away from watching the ball games. Everyone has priorities.

Phrase for today: Intrinsic value.

Commented 3308 days ago

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Beginning of the headline :Bitcoin still stirs up a huge debate about where it will go in the future; will it become institutionalised; what is the blockchain going to do to banking; and more. In order to clarify the debate, we interviewed Jon Matonis, a renowned expert on bitcoin and cryptocurrencies, to find out what is the truth. Tell me about yourself and your background Jon. I was involved with the Bitcoin Foundation since its inception, starting in 2012, as one of the founding board directors. At the end o... Read More

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