CryptoShares Mag?

Sunny King just dropped in for a chat on their forum. Here's a transcript.

http://www.peercointalk.org/index.php?topic=2616.0

Quote

2. "Mt. Gox is the Ft. Knox of Bitcoin." --Anonymous user of Magic The Gathering Online Exchange.

I think there may be some truth to this one.

Ah, you mean Knox as Gox? Who knows, Ft. Knox could well be empty. If it's full, though, I'd have to think all that gold is worth something...more than the paper money. 

Warren Buffett wouldn't even invest with his friend Bill Gates.  He said he didn't understand tech then and he's said the same thing more recently as applied to Bitcoin. He chooses only companies with balance sheets he understands, such as those selling razor blades, candy bars, or space on railroad freight cars.

I've never understood why, when someone is an expert on one thing, people expect that person's wisdom to extend into other areas. Asking Warren Buffett about Bitcoin would be like asking Bill Clinton about Hollywood celebrities and how they should act. He's famous and he was a popular president, but the fact that he's a celebrity doesn't suddenly make him an expert in Hollywood life. Just like Warren Buffett doesn't know jack s*** about Bitcoin or any other technology investment.

Here are a few "words they may have to eat" nominations. These are paraphrased, not exact quotes.

1. "Mortgage markets are a powerful stabilizing force." --Alan Greenspan. It has some truth, but in hindsight it wasn't the best thing to say. 

2. "Mt. Gox is the Ft. Knox of Bitcoin." --Anonymous user of Magic The Gathering Online Exchange.

3. "Franko is freedom." Reality: One of the first altcoins, currently with a market cap of $37,000 and stuck around #112 amongst altcoins.

4. "The 10-inch screen size is the minimum size required to create great tablet apps." --Steve Jobs (RIP)

5. "Way overvalued for a search engine." --Me, dismissing a chance to get in on Google near the beginning

Quote from: Jabulon on April 06, 2014, 04:11:07 pm

Why don't we implement a community "SHITCOIN DUMPSTER", where you can throw all your useless, going-nowhere crypto and be paid for them in BC, minus a 20% donation to BC Foundation or multipool bonuses? I'd love to clear out my shitcoin closet, get a few more BC, and support the cause. That's killing 3 birds with one stone!

They are onto something with this. It's almost like a recycling mechanism to turn shit into fuel.

I've sold all my shitcoins, plus much of my Bitcoin, and put the money in PTS and AGS contributions.

When people see the first dividend, they'll start paying attention.

Their loss.

This is a VERY good speech. I would end it with something punchy, a catchphrase or a call to action. Drive it home. Something like "At Bitshares, we're taking what Bitcoin has done for money and we're turning it into a profitable industry. We are creating businesses that harness the true potential the block chain. If you want to be part of this revolution, we welcome your support as a programmer, investor, marketing professional, or valued community member. Join us."