I’m getting tired of bored millionaires attacking our network


247 BTC

Bitcoin News Search

1 News - 247 News - 247 Bitcoin - 1 Search


I felt a need to post this.

I am deeply offended that individuals who became extremely wealthy because they got into bitcoin early are now trying to attack it with controversial hard forks, inexperienced development teams, radical changes to the network protocol and consensus rules, and propaganda.

Let's understand this very clearly. Two individuals are largely responsible for the disaster that is bitcoin unlimited. They are Roger Ver and Jihan Wu. Just these two guys.

So much for decentralization.

Roger Ver, by all accounts, is a very wealthy man. We don't need to pin down an exact number. All we need to know is that he got into bitcoin early, at an incredibly low price point, and bitcoin has made him very rich. I don't resent that he is wealthy. I resent that his wealth has made him so jaded that he thinks attacking our network is his privilege.

Now, let's stop for a second and talk about wealth; because it is important. Most people strive for wealth because financial independence gives them a certain amount of freedom in their lives and removes anxiety and stress. They no longer have to worry about how they are going to pay their bills or what would happen if they lose their job. In fact, if they have enough wealth, they don't need a job at all any more.

What kind of wealth does it take to have that kind of independence and freedom?

On the 'low' end, maybe a couple of million dollars. At the 'high' end, ten or twenty million. If you have ten or twenty million dollars, the investment returns on that alone would allow you to lead a lifestyle of the fabulously rich and famous for the rest of your life. Not only would you be able to live an extremely extravagant lifestyle, so would your descendants, and all of their descendants for generations to come.

At this point you become officially the 'idle' rich. You have so much money that you have nothing better to do than pursue your own personal dreams and goals.

By all accounts Roger Ver is already at least that rich.

He is so wealthy that he never has to work for another day in his life. If he lost 90% of his bitcoin, or other cryptocurrencies, he would probably still be wealthier than most any of us could dream of.

So, who are we?

We are the people who did not buy bitcoin at pennies apiece. We didn't buy them for dollars apiece. We bought our bitcoin for hundreds of dollars each, if not at recent prices of over a thousand dollars apiece.

Many of us have made substantial personal investments in bitcoin. We have put our family's money at risk because we believe in the network as a long term store of value. The price of bitcoin matters to us. The security of the network matters to us.

We can only dream of retiring for the rest of our lives, and bitcoin might never reach a point where that is even a possibility.

So, for these people who are fabulously wealthy to be actively attacking our network, the one protecting our money, with a cavalier attitude of 'who cares, if we get it wrong we can just reboot the system' is deeply offensive.

Our network is protecting nearly 20 billion dollars of our value. If Roger no longer believes in our network, then fine. Let him move to ETH, Dash, or fork his own coin. However, he should not be attacking our network protecting our money!

I'm tired of bored millionaires with nothing better to do treating our network as a playtoy that they can fuck up with no concern whatsoever because, no matter what happens, they will still be rich.

These millionaires either need to get with the program, which is a strong development team executing a conservative but well thought out roadmap, or go move onto something else. But, please, stop attacking our network!

submitted by /u/jratcliff63367
[link] [comments]


247 BTC

Bitcoin News Search

1 News - 247 News - 247 Bitcoin - 1 Search


Leave a Reply